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How
do I apply for financial aid?
- You can apply for aid on-line at FAFSA
on the Web or you can apply by picking up our financial
aid packet, which includes the FREE Application for Federal Student
Aid (FAFSA).
What is the school code for LSU?
- The School Code for LSU is: 001215
How long does the process take?
- 4-6 weeks for U.S. mail, 2-4 weeks for online applications.
You should apply as early as possible. (January 1st through
March 2nd, prior to the following Fall term) Some program
funds are limited and awarded on a "first come first served" basis.
How will I know how much aid I qualify
for?
- An award letter stating the type of aid, amount and conditions
of your award will be mailed to you. You must review your award
letter and if you find any discrepancies with your estimate,
please contact the Student Financial Services Office as soon as
possible.
What happens if I decide to attend part-time?
- Your aid may be reduced or canceled in some cases in order
to comply with regulations or eligibility requirements.
What is an estimate,
and how do I get one?
- LSU Enrollment Services
(Recruitment) will provide all new students with a preliminary
estimate of the financial aid awards that they may receive. Estimates
are based upon information supplied to the Enrollment Services
staff by the student or student's family. Verification of the
student's information may modify the actual amounts provided in
the student's official aid offer from LSU Student Financial Services.
I was awarded a federal stafford loan
but I want to reduce the amount, how can I do that?
- Contact your Financial Aid Counselor in the office of Student
Financial Services.
What if I need to take some or all of
my classes at another school?
- You can only receive financial aid from the school in which
you are accepted and enrolled in a program. As long as you are
degree seeking at LSU and the classes will be credited toward
your LSU degree, you may be eligible to receive assistance. Contact
the LSU Student Financial Services Office to see what forms you
must complete and for which programs you may qualify.
What if I completely withdraw from
classes, will I have to repay my financial aid?
- Yes, if you withdraw before 60% of the term is completed, you
will be required to repay a percentage of the aid you received
since the funds were awarded to meet educational expenses for
the entire quarter.
How will my fees be paid and what happens
to the money that exceeds my fees?
- Approximately 3 weeks (5 weeks for first-time borrowers) after
school starts your aid will be applied to your tuition. Any remaining
credit will be mailed by the Bursar's Office to your local address
on file at the Registrar's Office.
What happens if I have been awarded a
loan, but never received a promissory note in the mail?
- If you have received a loan in the past, you may not need to
complete another promissory note. Contact your lender to be sure
all paperwork is in order. Your loan will be on hold until funds
are ready to be disbursed, about 3 weeks after school starts.
Who are the La Sierra
University Preferred Lenders?
How can I get information about my award?
- You can call, e-mail, or come by to the Student Financial Services
Office to get the information.
Do I need to be admitted before I
can apply for financial aid?
- No, but you must be admitted before you can receive your award
letter or financial aid.
How do I know which offices to deal with?
- The Office of Student Financial Services is responsible for
advising applicants about financial aid; collecting all required
paperwork; determining estimated family contributions; and awarding
all financial aid except leadership/merit type scholarships (which
are awarded by the Office of Enrollment Services). The Office
of Student Financial Services is the central processing office
for the FAFSA, and all financial aid, including government grants
and loans, outside resources, and La Sierra University aid.
- The Office of Student Financial Services establishes your total
payment package. After you have received all the financial aid,
grants, and scholarships available from the Financial Aid and
Enrollment Services offices, you will receive financial clearance
and establish a payment plan with Student Financial Services.
Are deadlines important?
- Yes! Deadlines are critical. March 2 is the priority
deadline. For example: a qualifying California resident will lose
the Cal Grant (over $8,322) if they miss this deadline. There
may still be other money available later, but many funds are awarded
on a first-come first-serve basis; consequently, early application
is encouraged.
My family income has changed since I
filed my FAFSA. What should I do?
- Submit a request for professional judgment to a counselor at
the Student Financial Services Office. You will be asked to submit
written documentation of the change. After a review of your request,
you may be awarded additional assistance.
What is considered in calculating
how much my family can afford to contribute?
- It's a complex calculation which takes into account a variety
of factors including family income and size, total assets, parents'
age (and their need to save for retirement) and the number of
family members in college.
- If the information on the FAFSA does not accurately reflect
your ability to pay for college, or your family has extenuating
financial circumstances, you should contact your student financial
services counselor if you have any questions.
The FAFSA asks for information about my
parents but I do not receive any support from them. What do I do?
- Federal regulations require your eligibility to be based on
your income and that of your parents' unless you are 24 years
old; married, or have legal dependents other than a spouse; are
a veteran of the U.S. Armed Forces; an orphan or ward of the court
(or you were until age 18); or will be working on a degree beyond
a bachelor's. if you think that you have exceptional circumstances
contact your LSU Student Services counselor about a possible dependency
override.
What determines how much I'll be offered,
and whether I'll get loans, or grants, or work?
- The amount of your award is determined by the amount of your
financial need and available funding. The greater your need, the
more aid we can offer you. The kind of aid you are awarded depends
on your eligibility for the various aid programs. Each has its
own requirements. Most students are offered a combination of gift
assistance (grants and scholarships which don't have to be repaid)
and "self-help" aid (loans and/or work opportunities).
What is an entrance interview?
- All borrowers receiving a Perkins Loan, or a Federal Stafford
Loan and/or a Federal Unsubsidized Stafford Loan for the first
time must attend an Entrance Interview before their first check
can be disbursed. if this is your first Stafford Loan, you may
complete the interview on-line at http://mapping-your-future.org/entrancecounseling
Then choose Entrance Counseling. If this is a Perkins Loan, please
call (951) 785-2238 to schedule an entrance interview.
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