Financial Aid

Questions for Determining which Corporate TA Plan a Student can Use

Does your employer pay you directly for your classes?

You could qualify for the ‘Deferred Corporate Tuition Assistance’ plan

Does your employer pay Liberty University directly for your classes during the course?

You could qualify for the‘Standard Corporate Tuition Assistance’ plan

Does your employer pay Liberty University directly after your course?

You do not qualify for either Corporate Tuition Assistance Plan, since this type of payment is considered an ‘Outside Scholarship’.

However, your company’s tuition payment will be credited to your student account by the Financial Aid Outside Scholarship department once it is received.

Unsure about how your company’s Corporate Tuition Assistance Plan works?

Your first step would be to contact your employer, usually the Human Resources department, to determine which of the three categories above your company’s plan falls under.

Deferred Corp TA Procedure

1. Student contacts their employer or Human Resources department.

2. Student submits ‘Deferred Corporate Assistance Form’ to employer

3. Student submits completed form to:

luoprocessing@liberty.edu
Fax: 888-301-3577

Liberty University
LUOL Processing Department
1971 University Blvd
Lynchburg, VA 24502

The corporation must agree:

To pay the student directly within 30 days of the end of the semester.

Note: Authorized paperwork must be submitted to the LUOL Processing Department at least 2 weeks prior to FCI deadline to assure processing in time for Financial Check-in.

4. The LUOL Processing department reviews documentation and authorizes the ‘deferred payment option’ for check-in within 48 – 72 hours.

5. During Financial Check-in, the student will see the ‘Deferred Corp. TA payment option.’ Selecting this option means that the personal account or credit card that the student uses during check-in will be drafted for the full amount owed 30 days after the end of the semester.

Caution:
If payments are made to the student’s account between the time that the student completes check-in and the date of the scheduled draft, the student must go back through check-in to adjust the draft amount accordingly. This adjustment needs to be made no less than 5 days prior to the draft date.

Liberty University cannot change any draft amount up or down on behalf of the student. It must be changed by the student through the Financial Check-in process. If the student does not adjust the draft amount through the Financial Check-in process, the full amount originally agreed on will draft 30 days after the end of the term, regardless of any payments that may have been made.

Standard Corp TA Procedure

1. Student contacts their employer or Human Resources department.

2. Student submits approved, authorized documentation from employer or Human Resources department to the Financial Aid department. Contact information:

financialaid@liberty.edu
Fax: (434) – 582-2053

Liberty University
Financial Aid
1971 University Blvd
Lynchburg, VA 24502

The corporation must agree:

To pay within 30 days of being invoiced – invoices begin to go out one week after classes start
To pay regardless of whether the student completes the class successfully or not
To pay the funds directly to LU
Must specify if the funds are for tuition and/or fees
(The Outside Scholarship departments does not process book reimbursements)

Note: Authorized paperwork must be submitted to the Financial Aid department 2 weeks prior to FCI deadline to assure processing in time for Financial Check-in.

3. The Financial Aid Outside Scholarships department reviews documentation and credits the student’s account with projected Third Party payment. The student can view these projected funds by logging on to www.liberty.edu, signing in with their user ID, selecting ‘ASIST’ – ‘Student’ – ‘Student Account’ – ‘Summary of Account.’