Financial Aid

• Need-based and non-need-based financial aid available to students (includes federal, state, local, institutional, etc).
• Applying for financial aid
• Distribution of financial aid to student by the college
• Disbursement of financial aid
• Terms and conditions of any employment
• Terms of, schedules for, and necessity of loan repayment and required loan exit counseling
• Criteria for measuring satisfactory academic progress, ramifications of failure to meet standards, and reinstatement of aid
• Information on the prevention of drug and alcohol abuse
• Information on financial aid for study abroad programs

• Names of school associations and governmental bodies that accredit, approve, or license Liberty University
• Special facilities and services available to disabled students
• Cost of attending Liberty University
• Refund and withdrawal policies
• Degree programs, training, and other activities
• Availability of a GED program (if applicable)
• Facilities, laboratories associated with academic programs
• List of faculty and other instructional personnel
• Contact information for financial or general questions
• Job placement rate data (if applicable)
• Voter registration

• Information related to preventing Violence Against Women on Campus (see the Campus Crime Report)
• Campus crime report distribution
• Timely warning and listing of crime occurrences by category
• Campus security contact and authority information
• Procedures for reporting crimes
• Types and frequency of training programs for students/employees in crime prevention
• Monitoring and recording policies of crimes with (for example) local police agencies
• Policies regarding the possession, use, and sale of alcoholic beverages, drugs, etc.
• Description of drug and alcohol-based educational programs
• Information on the sexual assault prevention program
• The Campus Security Report is reevaluated annually by the Student Life Office and submitted annually to the U.S. Department of Education.

• Program completion and transfer-out rates
• Family Educational Rights and Privacy Act
• Equity in Athletics Disclosure Act
• Athletically-related financial aid information
• Loan counseling
• Drug and alcohol abuse prevention information and materials
• College Navigator
• Athlete Notification Packet for Official Visit
   

Drug-related Convictions and Student Ineligibility:

Regulation effective July 1, 2000: Students who have been convicted under federal or state law for possession or sale of a controlled substance will be suspended from Title IV [financial aid] eligibility, regardless of when the conviction occurred.

If a student is convicted of an offense involving the possession of an illegal substance, the ineligibility period is:

• First Offense = 1 year from date of conviction
• Second Offense = 2 years from date of conviction
• Third Offense = Indefinite period

If the student is convicted of an offense involving the sale of an illegal substance, the ineligibility period is:

• First Offense = 2 years from date of conviction
• Second Offense = Indefinite period

A student may regain eligibility by successfully completing a drug rehabilitation program that complies with criteria established by the U.S. Department of Education.

A qualified drug rehabilitation program must include at least two unannounced drug tests and must satisfy at least one of the following requirements:

• Be qualified to receive funds directly or indirectly from a federal, state, or local government program.
• Be qualified to receive payment directly or indirectly from a federally or state-licensed insurance company.
• Be administered or recognized by a federal, state, or local government agency or court.
• Be administered or recognized by a federally or state-licensed hospital, health clinic, or medical doctor.

The period of ineligibility begins as of the date of the conviction. A conviction is defined as a conviction that is on a student’s record at the time the student’s eligibility is being determined. A conviction that was reversed, set aside, or removed from the student’s record is not relevant.

An illegal drug is a controlled substance as defined by section 102(6) of the Controlled Substances Act [21 U.S.C. 801(6)] and does not include alcohol or tobacco. Students may obtain additional information on eligibility by contacting the U.S. Department of Education at 1-800-433-3243 or go to http://www.fafsa.ed.gov. 
 

• Federal Financial Aid Handbook
• Federal Funding Your Education Guide
• Liberty University Admissions Application
• Liberty University Bill
• Liberty University College, Graduate, Law, Seminary Catalogs
• Liberty University College, Graduate, Law, Seminary Viewbooks
• Liberty University Faculty and Staff Employment Handbooks
• Liberty University Financial Aid Notice of Award
• Liberty University Resident Financial Aid Brochure
• Liberty University Student Aid Guide – Liberty University Online
• Liberty University Student Aid Guide – Resident
• Liberty University Student Life Handbooks and Policy Information Statistics Act
• The Jeanne Clery Disclosure of Campus Security Policy and Campus Crime
• The Student Right-to-Know and Campus Security Act Report
• Website: http://www.fafsa.ed.gov
• Website: http://www.liberty.edu
• Website: http://www.luonline.com
• Website: http://www.pin.ed.gov

AVERAGE INDEBTEDNESS: As of May 2007, Liberty students, at the time of graduation, borrow an average of $21,171 of loans through all student loan programs. Using an estimated 7-percent interest rate over a 10-year repayment period, that student would make payments of $246 per month.

2012-2013 Financial Aid Award Notification 
Terms and Conditions Concerning Your Financial Aid

Our goal in the Liberty Financial Aid Office is to help you secure assistance to help cover as much of your educational expenses as possible. Anyone seeking financial aid information or assistance, or consumer information at Liberty University must read and comply with the requirements and information disclosed at: www.liberty.edu/financialaid.

All Resident Student institutional aid is dependent upon completion of the FAFSA (Free Application for Federal Student Aid) and Verification (if selected). Failure to complete these items will eliminate institutional scholarships. (This does not apply to international students who will be on F-1 or another non-immigrant status).

1. The listed financial aid awards are estimates only. Some reasons that cause award changes include:

• Changing grade level, program of study, credits that you are currently attempting, or housing.
• Receiving additional monies from sources not listed on your Financial Aid Notification letter (i.e. State Grants, private scholarships, Direct-To-Consumer Loans, vocational rehabilitation, etc.).
• Adjustments made because of inaccurate, incomplete or conflicting information.

2. The estimated awards listed on this letter (based on anticipated housing status) are calculated based on the assumption that students will be enrolled as follows:

• Resident Undergraduate and Law: Half-Time or greater, Fall/Spring
• LU Online and Graduate (non-Law): Half-Time or greater, Fall/Spring/Summer

3. General Scholarship Rule (GSR): A student’s combined federal grants, state grants, and Liberty aid are not permitted to go above the combined cost of actual tuition and room and board charges based on the lowest rate charged by the University.  Students who are not charged for housing cannot exceed the cost of actual tuition only for federal grants, state grants, and Liberty aid.  If the combined aid exceeds the total cost of tuition and room and board as specified, Liberty aid will be reduced to resolve the excess aid. The Federal Pell Grant is not included as a factor in the GSR for Resident students. 

For recipients of institutional aid (and discounts) like Continuing Education and Dependent Grant-In-Aid, and various others such as Resident FCA/LCA/Temple/TCS, who qualify for federal or state grants, the tuition scholarship will be reduced by these federal and state grant amounts.

All institutional aid must comply with University policy and is subject to terms and conditions.  Institutional amounts and statements may be changed at the University's discretion.

4. Any financial aid (such as grants, scholarships, or loans) not listed on this award notification must be immediately reported to the Financial Aid Office and may change existing financial aid eligibility.

5. To receive financial aid, all students must maintain the minimum standards of Financial Aid Satisfactory Academic Progress. These standards are published on-line at http://www.liberty.edu/financialaid.

6. To receive a Federal Direct Stafford Loan, including loans that may be shown as a credit for Financial Check-In, you must have a valid Master Promissory Note (MPN) and an Entrance Interview on file. These requirements may be fulfilled on-line at www.liberty.edu/direct. Students awarded Federal Direct Stafford Loans must be enrolled AND ATTENDING on at least a half-time basis before funds will disburse to the student’s account.

7. For determining award eligibility and disbursements, Liberty University uses the Summer term as a trailer at the end of the Spring term. As applicable, awards will be processed and paid beginning with the Fall term and concluding with the Summer term.

8. Students who may have a credit balance because of a Federal Pell Grant payment have the option of using a book voucher to purchase books ahead of time.  

9. Liberty University Online promotional awards require specific eligibility criteria in order to receive the promoted award.  All Liberty Advantage 15% Discount promotions require students to be degree-seeking, enroll at least half-time for their program, maintain Financial Aid Satisfactory Academic Progress, and not break enrollment.  Students receiving the discount through a corporation that are required to complete the Discount Verification Form must do so annually.  The Liberty Advantage 15% discount cannot be combined with the Military Tuition Discount.  The Liberty Advantage 15% discount only applies towards the cost of tuition and will not exceed the cost of tuition.  For example, if a student is receiving the Federal Pell Grant and it covers the full cost of tuition, they are not eligible for the Liberty Advantage 15% discount.  Liberty University Online Book Dollar Promotions require students to enroll at least half-time and be a degree-seeking student.  Other event based promotions such as the College For a Weekend Pastor $1,000 tuition only award and Fresh Start $1,000 tuition only award requires students to maintain Financial Aid Satisfactory Academic Progress, enroll at least half-time, and be a degree-seeking student.  

10. ESTIMATED Disbursement Dates: Some financial aid will be disbursed based on actual attendance, not on registration. For more information go to www.liberty.edu/disbursements.

2012-2013

 2013-2014

11. This notice replaces any previously issued Financial Aid Award Notification letters.