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Message
re: LA Higher Ed board troubled by number of TOPS recipients from millionaire households
Posted on 10/22/21 at 3:23 pm to slackster
Posted on 10/22/21 at 3:23 pm to slackster
quote:
A) I’m quite surprised there are that many students going to LA colleges with household incomes of $1MM or more.
Net worth, or annual income, there are plenty of households that have a net worth of over 1 million that never had a income over $100k
1
Posted on 10/22/21 at 3:27 pm to EA6B
quote:
quote:
A) I’m quite surprised there are that many students going to LA colleges with household incomes of $1MM or more.
Net worth, or annual income, there are plenty of households that have a net worth of over 1 million that never had a income over $100k
Who knows, but the quoted article specifically says "income."
Thing is, that's sort of surprisingly high if "income," but it's shockingly low if "net worth." So, I'll go with the guy who says it's likely bullshite pulled out of someone's arse.
Posted on 10/22/21 at 3:32 pm to Y.A. Tittle
When they say “income”, are they including people who are sole proprietors or in a partnership to where all the money is considered personally earned even if it goes back into a business?
If I own a convenience store which has revenue of X amount and it is a sole proprietorship, would I be considered making X or making X minus the costs of business such as inventory and operating costs?
If I own a convenience store which has revenue of X amount and it is a sole proprietorship, would I be considered making X or making X minus the costs of business such as inventory and operating costs?
Posted on 10/22/21 at 3:40 pm to OldManRiver
quote:
There is a TOPS Honors award that gives some extra money above tuition, requires a 27 or higher and a 3.5.
If the student attended a private high school or was homeschooled, the ACT score has to be a point or two higher depending on the award.
This post was edited on 10/22/21 at 3:57 pm
Posted on 10/22/21 at 3:45 pm to TDsngumbo
$1million in assets is not the same as $!million in income.
Posted on 10/22/21 at 3:53 pm to ragincajun03
This country is going to shite a lot quicker than we think.
Posted on 10/22/21 at 3:57 pm to ragincajun03
What parents make shouldn’t matter when it comes to TOPS. It is based on the kids merit. If they want to have a smaller number receive then make the requirements higher than just a c student.
Posted on 10/22/21 at 4:01 pm to GreenRockTiger
quote:yep my kid had to have a 28 to get the top award and she went to private. Took her three times to finally get above a 28. And she graduated with a 4.0 and didn’t get anything but tops. LSU does not give away money
If the student attended a private high school or was homeschooled, the ACT score has to be a point or two higher depending on the award.
Posted on 10/22/21 at 4:03 pm to ragincajun03
Can’t believe Temple is on the Board. How about we do a little investigating into his businesses and all the state contracts.
Posted on 10/22/21 at 4:06 pm to lsursb
This is Collis III.
Collis Jr is the one who has contracts everywhere.
There should still be an investigation of any businesses Collis Jr has that Collis III has influence over with regards to legislation but he isn’t directly benefitting.
Collis Jr is the one who has contracts everywhere.
There should still be an investigation of any businesses Collis Jr has that Collis III has influence over with regards to legislation but he isn’t directly benefitting.
Posted on 10/22/21 at 4:08 pm to tigafan4life
quote:
yep my kid had to have a 28 to get the top award and she went to private. Took her three times to finally get above a 28. And she graduated with a 4.0 and didn’t get anything but tops. LSU does not give away money
Yep - same here - we homeschool so i told her she needed at least a 22 for the lowest award
Do they not do ACT prep at her school?
Posted on 10/22/21 at 4:09 pm to teke184
Collins Jr. is on the LSU Board…the Temple’s got the boards wrapped up.
Posted on 10/22/21 at 4:10 pm to teke184
They all work together. Search Harmony Center, Inc. and the houses that entity owns. Then go look how blighted their properties are. Rat infested shitholes where vagrants, pimps and heroin addicts live.
Posted on 10/22/21 at 4:13 pm to ragincajun03
Millionaires don't stay millionaires by paying exorbitant costs for college.
But seriously, I thought TOPS was not means tested or income based.
If the point is to keep them in Louisiana, then you have more of a chance at keeping someone with resources and means in Louisiana...right?
I've always heard that the purpose of TOPS was to combat Louisiana's "brain drain." Not help po folks.
But seriously, I thought TOPS was not means tested or income based.
If the point is to keep them in Louisiana, then you have more of a chance at keeping someone with resources and means in Louisiana...right?
I've always heard that the purpose of TOPS was to combat Louisiana's "brain drain." Not help po folks.
Posted on 10/22/21 at 4:14 pm to ragincajun03
The students weren’t millionaires but they earned the grades. When I was a student I didn’t qualify for financial aid because my parents made to much money. They paid $0.00 of my college education, I had to work my way through school. Unless parents are required to pay the students tuition, I don’t see how parental income plays into this.
This post was edited on 10/22/21 at 4:16 pm
Posted on 10/22/21 at 4:39 pm to teke184
quote:
If I own a convenience store which has revenue of X amount and it is a sole proprietorship, would I be considered making X or making X minus the costs of business such as inventory and operating costs?
Net income, the amount you pay taxes on.
Posted on 10/22/21 at 4:50 pm to Hangover Haven
I need to where they got this data from. This sounds impossible.
Posted on 10/22/21 at 4:55 pm to ragincajun03
I’m in the fortunate situation of making too much for my kid to qualify for Pell but, not making enough for it to not be a burden. Kid is a junior this year and has received TOPS each semester since his freshman year at LSU. He lives in one of the frat houses but, that’s actually cheaper than the dorm. I’m paying around $8,000 a semester out of pocket plus summer. I could do a whole lot with an extra $20K a year.
Posted on 10/22/21 at 4:57 pm to ragincajun03
quote:
If TOPS is supposed to be merit, definitely need to raise the academic requirements. Of course, he then went into the argument about how and why ACT scores should be eliminated.
In the early tops years, if I recall correctly, you had to be like in the top 10% of your graduating class and have like a 25+ ACT. Not impossible by any means, but not nearly as lowered as it is now.
Standards were lowered to the point damn near anyone who puts in even a half assed effort qualifies.
This post was edited on 10/22/21 at 5:03 pm
Posted on 10/22/21 at 4:59 pm to jdd48
Millionaire households: 87,565
Total households: 1,820,554
Concentration of millionaires: 4.81%
Rank: 47 (-8 from last year)
Median income for all households: $47,905
Median home value: $167,30
Louisiana's 90,000 millionaires, whose income depends on the state's economic staples, are likely to be feeling a pinch.
Tourism is under pressure from the coronavirus lockdown, while the petroleum industry has been hit by the crash in oil prices. Shipping and agriculture, the state's other major industries, aren't immune to changes in global demand either.
More happily for everyone, folks who call the Pelican State home enjoy a cost of living that's 10.9% below the national average.
Total households: 1,820,554
Concentration of millionaires: 4.81%
Rank: 47 (-8 from last year)
Median income for all households: $47,905
Median home value: $167,30
Louisiana's 90,000 millionaires, whose income depends on the state's economic staples, are likely to be feeling a pinch.
Tourism is under pressure from the coronavirus lockdown, while the petroleum industry has been hit by the crash in oil prices. Shipping and agriculture, the state's other major industries, aren't immune to changes in global demand either.
More happily for everyone, folks who call the Pelican State home enjoy a cost of living that's 10.9% below the national average.
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