Student Financial Assistance Commission

Name Student Financial Assistance Commission
Contact Person Ms. Shanna Estay - Executive Staff Officer
Mailing Address Post Office Box 91202
Baton Rouge, LA 70821-9202
Phone Number 225-342-0511
Fax Number 225-208-1206
Board Email shanna.estay@la.gov
Website www.osfa.la.gov
Legal Authority R.S. Title 17, Chapter 20, Sections 3021-3050.4
Year Created 1964
Organizational Placement Within Board of Regents
Purpose/Function The purpose of the Commission is to supervise, control, direct, and administer state and federal programs to provide loans to assist persons in meeting the expenses of higher education, and state and federal scholarship programs for higher education in accordance with the provisions of this Chapter.
Number of Entity Members: Number Authorized: 21
Number Currently Serving: 17
Number of Entity Meetings: Actual number in prior year: 11
Estimated number in current year: 11
The Entity is:
Active   Inactive   Not fully organized   Disbanded   Never fully organized
Do members receive per diem, salaries, and/or travel expense reimbursements?
Yes   No
Excluding member per diem, salaries, and travel expense reimbursements, does the entity receive or expend funds?
Yes   No
Entity Member Per Diem:
  Amount Authorized: $50      per meeting   per meeting day   per day spent on board business   None

Total entity member per diem:
  Prior year actual: $2300
  Current year budgeted: $8550
Entity Member Salaries:
  Prior year actual: $0
  Current year budgeted: $0
Entity Member Travel Expense Reimbursement:
  Prior year actual: $6652
  Current year budgeted: $9500
Number and Type of Authorized Employee Positions:
Classified: 0
Unclassified: 0
Part-time: 0
Entity Fiscal Year End:
4/30         7/31         10/31         Other (identify date)
6/30         9/30         12/31         None
Participation in State Employee Benefit Programs:
    Employees:
       participate in state retirement system(s) and/or state group insurance program(s)
       do not participate in state benefit programs

    Members:
       participate in state retirement system(s) and/or state group insurance program(s)
       do not participate in state benefit programs
A state agency provides: (Check all that apply and identify the state agency)
Per Diem Payments          State Agency: Office of Student Financial Assistance
Travel Reimbursements    State Agency: Office of Student Financial Assistance
Other (explain)    State Agency:
Is this entity a budget unit or included within a budget unit of the State of Louisiana as defined by LSA-R.S. 39:2?
   Yes    No
  If yes, identify the budget unit and the budget schedule number below:
  Budget Unit Name:
  Budget Schedule Number:
Notes --
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