Eligibility of Students Entering LSU
(effective for freshmen entering 1999 school year)

1. Upon meeting the criteria below, students who have twelve units or less of transferable credit taken after high school are eligible to receive:

1. During the first year of eligibility: $1000 with 3.0-3.49 GPA, $2000 with 3.5-3.78 GPA, and $3000 with 3.8-4.0 GPA.
2. During the second year of eligibility: $2000 with 3.0-3.49 GPA, $3000 with 3.5-3.78 GPA, and $4000 with 3.8-4.0 GPA.

1. Must have attended LSU for at least six quarters as a full-time student and have paid tuition at a standard rate. LSU scholarships/awards during freshman and/or sophomore years do not jeopardize eligibility.
2. Must not be a National Merit Finalists receiving full tuition.
3. Must have accumulated at least 90 units of college level course work taken at LSU for which a grade has been issued.
4. Must have both an institutional and overall GPA at or above required eligibility GPA by the Loan-to Scholarship application date.
5. Must have transferred all coursework taken off campus prior to Loan-to-Scholarship application date. All coursework taken up to application date must be included in computed GPA. Students who do not transfer all their credit risk the chance of forfeiting the opportunity of changing the loan to scholarship after graduation. This only applies to those students whose non-transferred coursework would lower their overall GPA to below the minimum level for eligibility.

Eligibility of Student Entering LSU as Transfer Student

1. Upon meeting the criteria below, students with more than twelve units of transferable college credit taken after graduation from high school are eligible to receive:

1. During the first year of eligibility: $500 with 3.0-3.49 GPA, $1000 with 3.5-3.78 GPA, and $1500 with 3.8-4.0 GPA.
2. During the second year of eligibility: $1000 with 3.0-3.49 GPA, $1500 with 3.5-3.78 GPA, and $2000 with 3.8-4.0 GPA.

To be eligible, a student:

1. Must have attended LSU for at least three quarters as a full-time student and have paid tuition at a standard rate. LSU scholarships/awards during freshman and /or sophomore years do not jeopardize eligibility.
2. Must not be a National Merit Finalists receiving full tuition.
3. Must have accumulated at least 45 units of college level course work taken at LSU for which a grade has been issued.
4. Must have both an institutional and overall GPA at or above required eligibility GPA by the Loan-to-Scholarship application date.
5. Must have transferred all coursework taken off campus prior to Loan-to-Scholarship application date. All coursework taken up to application date must be included in computed GPA. Students who do not transfer all their credit risk the chance of forfeiting the opportunity of changing the loan to scholarship after graduation. This only applies to those students whose non-transferred coursework would lower their overall GPA to below the minimum level for eligibility.

Student Loan-to-Scholarship Program Criteria

Eligibility for the Loan-to-Scholarship package for returning students is determined when the student is putting together the financial aid arrangements for the following year. The student’s eligibility for the Program is determined by using the student’s institutional and cumulative GPA's for all coursework taken during the most recent quarter. All Loan-to-Scholarship money becomes part of the student’s financial aid package. Some students will not be able to receive program funding without losing government aid.

Students who have Loan-to-Scholarship funding and leave LSU before graduating must start repaying Loan-to-Scholarship money as a loan beginning six months from last date of enrollment. Students who return to LSU after a six-month absence may still be eligible for loan to scholarship upon graduation. However, any money that has already been repaid or is still owed for repayment as a loan from the period the student was not enrolled does not become part of money that can be turned back into a scholarship.

Students who qualify for the Loan-to-Scholarship program and are neither U.S. Citizens nor Permanent Residents need to have an approved co-signer.

Students who graduate Fall or Winter quarter of their senior year will receive respectively 1/3 or 2/3 of the Loan-to-Scholarship funding for which they are eligible that year.

Students whose GPA falls below the eligibility level during the year they are receiving funds do not forfeit the ability for their loan to turn to a scholarship upon graduating.

Students are eligible for a maximum of six quarters of Loan-to-Scholarship funding.

Yearly awards will be paid in 1/3 increments on a quarterly basis.

Application Process

1. Notifications of awards will appear on institutional award letters.
2. A Promissory note must be completed and signed at the Bursar's Office, once the student is notified of the award.
3. Students will need to complete another Promissory note for the second year loan amount. If qualifications are met and the student indicates a desire to be in the program, both years of eligibility will be automaticallly processed and the award given.
4. Payback of loans for students not qualifying for loan forgiveness will be based on current La Sierra University Loan rate and policy. The annual interest rate during the repayment period is 8%.