Financial Aid

More Info

Financial Aid

Financial Aid Award Notification --- Terms and Conditions Concerning Your Financial Aid
Revised 10/08/2015

Student Consumer Information

FINANCIAL AID OFFICE MISSION: The Mission of the Financial Aid Office is to assist students in obtaining financial aid for their college education while complying with all federal, state and institutional regulations, and by offering optimal customer service to students, parents, staff and outside agencies.

WHAT IS FINANCIAL AID? Financial aid consists of funding provided through federal and state governments and institutional sources to help cover educational expenses. This funding consists of grants and scholarships that do not have to be paid back to the provider and loans that have a variety of repayment options.

CONSUMER INFORMATION: Liberty University, as permitted by federal regulation [34 CFR 668.41], electronically disseminates consumer information, including the Jeanne Clery Disclosure of Campus Security Policy and Campus Crime Statistics Act information. Upon request, the institution will provide a free paper copy. Anyone signing or processing financial aid forms or seeking information or assistance at Liberty University must read, understand, and comply with the requirements disclosed, which are available 24 hours a day at

By the rules and regulations set forth from the government in the Federal Student Aid Handbook, Volume 5, Chapter 1, pages 5-96, federal regulation 34CFR 668.22(i) states:

A school must return Title IV funds to the programs from which the student received aid during the payment period or period of enrollment as applicable, in the following order, up to the net amount disbursed from each source:

  • Unsubsidized Federal Student loans
  • Subsidized Federal Student loans
  • Unsubsidized Direct Student loans (other than PLUS loans)
  • Subsidized Direct Student loans
  • Federal Perkins loans
  • Federal PLUS loans
  • Direct PLUS loans
  • Federal Pell Grants for which a return of funds is required
  • Academic Competitiveness Grants for which a return of funds is required
  • National Smart Grants for which a return of funds is required
  • Federal Supplemental Educational Opportunity Grants
  • (FSEOG) for which a return of funds is required

LENDING STATEMENT: Liberty University does not recommend specific student loan lenders.  Students may borrow from any lender that offers educational student loans. Liberty University encourages students to borrow only what is absolutely needed to prevent future debt.


RIGHT-TO-KNOW ACT (as amended October 1, 1998)

General and financial aid information on:

  • 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

General Information about the school:

  • 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

Campus security information on:

  • 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.

Student Right-To-Know Act:

  • 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



Many publications on campus provide necessary consumer information for student use as required by the federal government. The following is a list of those publications: 

  • Federal Financial Aid Handbook
  • Federal Funding Your Education Guide
  • Liberty University Admissions Application
  • Liberty University Bill
  • Liberty University College, Graduate, Law, Divinity Catalogs
  • Liberty University College, Graduate, Law, Divinity 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:
  • Website:
  • Website:

AVERAGE INDEBTEDNESS: As of May 2007, Liberty students, at the time of graduation, borrowed 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.

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

1. Consumer Information Statement: Liberty University, as permitted by federal regulation [CFR 668.41], uses electronic means to disseminate student consumer and "Right-To-Know" Act information.  Anyone signing financial aid forms or seeking other assistance or consumer information at Liberty University must read, understand, and comply with the requirements disclosed which are available 24 hours a day at  Upon request, Liberty University will provide a paper copy of consumer information, such as the Annual Campus Safety, Security and Fire Safety Report, free of charge.

2. Estimated Awards: Awards listed on this Notice of Award are estimates only initially based on assumptions regarding terms enrolled and enrollment level.  As students begin active attendance in each term and sub-term, both the Cost of Attendance and the level of enrollment (full-time, ¾ time, half-time, less-than-half-time) can change.  This, in turn, will often change the amount of financial aid eligibility.  Students must maintain ALL applicable eligibility criteria which may include enrollment level, degree seeking student status, enrollment in a specific academic program, not breaking enrollment, maintaining Financial Aid Satisfactory Academic Progress and additional academic criteria, living on campus and other general eligibility criteria (depending on the requirements of each aid program). These standards are published on-line at  Institutional aid amounts, program participation and eligibility criteria may be changed at the University's discretion.  Resident undergraduate and School of Law students are initially packaged assuming full-time enrollment for two terms (fall and spring).  LU Online, graduate (non-Law) and LU College of Medicine students are initially packaged assuming full-time enrollment for three terms (fall, spring and summer).  Liberty University uses the summer term as a trailer term when it packages financial aid. 

3. Award Changes: There are many factors that can change, lower or even eliminate your financial aid eligibility.  Here are some examples:

  • Not attending, dropping, or withdrawing from courses and/or sub-terms you are registered to attend
  • Completely withdrawing from the University or failing to properly withdraw from the University
  • Failing to maintain Financial Aid satisfactory academic progress
  • Providing incomplete, inaccurate, false or misleading information
  • Receiving additional sources of aid (such as outside grants or Direct-to-Consumer/private loans)
  • Receiving aid above the amount of tuition (which may lower Liberty University scholarships)
  • Changing enrollment level (some scholarships require full-time enrollment; Federal Direct Stafford loans require half-time enrollment)
  • Changing grade level or academic programs (For example, some majors are not eligible for the Virginia Tuition Assistance Grant)
  • Changing between Resident and Liberty University Online student status, and vice versa
  • Defaulting on a student loan or having an unresolved federal grant and/or loan overpayment
  • Receiving federal aid for the same academic year at another institution
  • Repeating a course for which you already received a passing grade more than once
  • Awards that cover the majority of direct costs (i.e. DGIA, Continuing Education, Private School Affiliation Scholarships, etc.) do not allow for stacking with other Liberty University aid sources such as the Liberty Champion or Liberty Book Dollars.

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

5. General Scholarship Rule (GSR): General Scholarship Rule (GSR): A student’s combined federal grants, state grants, and Liberty aid are not permitted to exceed the combined cost of actual tuition and Tier 2 ($8,200 per year) room and board charges.  The total of federal grants, state grants and Liberty aid cannot exceed the cost of actual tuition for students who are not charged for housing.  If the combined aid exceeds the total cost 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.

6. Outside Aid: Any financial aid the student expects to receive (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.

7. Loans: 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 Entrance Counseling on file. These requirements may be fulfilled on-line at 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.

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

Most financial aid is disbursed based on actual active attendance, not on registration. For more information go to

Student Aid Type Estimated Disbursement Timeframe - When aid is generally disbursed
Resident, LU Online Federal Pell Grants Federal Pell Grants are prorated based on enrollment and are disbursed 21 days after the eligible student is actively attending courses.
Resident, COM, Law, LU Online Loans Federal loans and electronically processed private loans are disbursed 21 days after a student is actively attending at least half-time.
Resident, COM, Law, LU Online Institutional Aid, VTAG, and Scholarships Most institutional aid, VTAG and scholarships will disburse 21 days after a student has begun active attendance in coursework making them full-time. Funds requiring ½ time enrollment will disburse 21 days after a student has begun active attendance making them half-time.
LU Online Military Book Vouchers Military Book Vouchers are disbursed 40 days prior to the student’s first class start date.

9. Updates: This notice replaces any previously issued Financial Aid Award Notification letters. Ver. 100815