LAC 28:IV.101. Introduction

A. Statutory Authority. The Louisiana Board of Regents (board), formerly the Louisiana Student Financial Assistance Commission, was created by chapter 20, Higher Education Assistance, Revised Statutes of 1950, comprised of R.S. 17:3021-3036, for the purpose of supervising, controlling, directing and administering state and federal programs to provide loans to assist persons in meeting the expenses of higher education, and state and federal scholarship and grant programs for higher education. The Louisiana Office of Student Financial Assistance (LOSFA), under authority of the board, administers state and federal post-secondary student scholarship, grant and loan programs. B. Agency's Mission Statement. The mission of LOSFA is to administer the federal and state student aid programs that are assigned to the board.