Financial Aid

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.

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

Updating 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, veterans’ benefits, 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: Equal-To-Or-Greater-Than-Half-Time, Fall/Spring
Distance Learning and Graduate (non-Law): Equal-To-Or-Greater-Than-Half-Time, Fall/Spring/Summer

3. General Scholarship Rule (GSR): The combined total of federal/state grants with Liberty institutional aid may not exceed the actual cost of tuition plus the lowest of actual Liberty University room and board charges or the lowest current housing rate. For Resident students, this calculation does not include the Federal Pell Grant. If aid exceeds this calculated amount, Liberty University institutional aid will be reduced.

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.

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 student 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/financialaid. Students awarded federal student loans must be enrolled AND ATTENDING on at least a half-time basis before funds will disburse to the student’s account. New borrowers must select their lender using Liberty's ASIST system.

7. ESTIMATED Disbursement Dates: Some financial aid will be disbursed based on actual attendance, not on registration. For more information go to www.liberty.edu/financialaid and click on “How Disbursements Work.”

STUDENT	AID TYPE	WHEN AID IS GENERALLY DISBURSED
Resident	Federal Pell Grants	Federal Pell Grants are disbursed proportionately based on credit hours attended. Generally, they are disbursed 10 days prior to the student’s first class.
Resident, Law	Federal Loans	Federal Loans (for students attending half-time or more) and electronically processed alternative (private) loans generally disburse on the first day of the student’s first class.
Resident, Law and LU Online	Institutional Aid and VTAG	Institutional Aid, VTAG, and Scholarships generally disburse on the first day of the student’s first class.
LU Online	Military Book Vouchers	Military Book Vouchers are disbursed beginning 40 days before the student's first class starts.
LU Online	Federal Pell Grants	Federal Pell Grants disburse proportionately based on credit hours attended. Generally, Federal Grants disburse on the first day of the student’s first class.
LU Online	Federal Loans	Federal Loans (for students attending half-time or more) will disburse approximately 17 days after the date that the student actually begins the class that brings them to half-time enrollment.

8. Lender Choice: Students and parents are encouraged to borrow from any participating lender of their choice. While the Liberty University website provides helpful information and links to assist students, Liberty University employees are not authorized to, and therefore cannot, recommend any particular lender.

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