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Financial Aid

Return of Loan Funds

Loan proceeds must be returned to the lender if the school is unable to deliver them or if the school is unable to document that the student attended classes during the payment period for which the loan(s) is intended. 

If the student fails to register, enroll, maintain at least half-time enrollment, or maintain Financial Aid Satisfactory Academic Progress (SAP), the school must meet the deadlines required for returning the loan proceeds to the lender.  Promptly, but no later than ten business days after the latest delivery date. 

Loan Code of Conduct

  • Liberty University does not participate in any revenue-sharing arrangements with any private lender.
  • Liberty University does not permit any officer, employee or agent of the school who is employed in the financial aid office or is otherwise involved in the administration of education loans to accept any gifts of greater than a nominal value from any lender or servicer.
  • Liberty University does not permit any officer, employee or agent of the school who is employed in the financial aid office or is otherwise involved in the administration of education loans to accept any fee, payment, or other financial benefit (including a stock purchase option) from a lender or affiliate of a lender as compensation for any type of consulting arrangement or contract to provide services to a lender or on behalf of a lender relating education loans.
  • Liberty University does not permit any officer, employee or agent of the school who is employed in the financial aid office or is otherwise involved in the administration of education loans to accept anything of value from a lender, guarantor, or group of lenders and/or guarantors in exchange for service on an advisory board, commission or other group established by such a lender, guarantor group of lenders and/or guarantors.  Liberty University does allow for the reasonable reimbursement of expenses associated with participation in such boards, commissions or groups by lenders or groups of lenders.
  • Liberty University does not assign private lenders to any first-time borrower through financial aid packaging or any other means.
  • Liberty University recognizes that a borrower has the right to choose any private lender from which to borrow to finance his/her education.  Liberty University will not refuse to certify or otherwise deny or delay certification of a loan based on the borrower's selection of a private lender.
  • Liberty University will not request or accept any offer of funds to be used for private education loans to students from any lender in exchange for providing the lender with a specified number or volume of Title IV loans, or a preferred lender arrangement for Title IV loans.
  • Liberty University will not request or accept any assistance with call center or financial aid office staffing.

Lending Statement Regarding Preferred Lender Lists and Preferred Lender Arrangements

Liberty University does not recommend specific student loan lenders, nor does it have a preferred lender list or preferred lender arrangement. 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.

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.

Graduation Rate Information

Liberty University’s Fall 2007 6-year cohort graduation rate is 46% federally defined.  However, please note this rate only reflects about half of our students (first-time, full-time students in Bachelor degree programs who have not taken any college credit courses prior to enrollment (i.e. dual enrollment, community college coursework)).

Incoming resident undergraduate students with at least a 3.0 high school GPA and complete their first year have a graduation rate of 77%.

Identified Student Groups with those required by HEOA (Sec. 488 (a)(3)) 2007 6-Year Cohort Graduation Rate
Incoming resident undergraduates with at least a 3.0 GPA who completed the first year 77%
Fall 2007 6-Year Cohort Graduation Rate 46%
Gender: Male 46%
Gender: Female 53%
Students who did not receive any Federal Pell Grants or Federal Subsidized Student Loans 58%
Student recipients of Federal Pell Grants 37%
Student recipients of Federal Subsidized Student Loans, but not recipients of Federal Pell Grants 51%
American Indian 31%
Asian 41%
Black/African American 22%
Hispanic Latino 42%
Native Hawaiian or other Pacific Islander 44%
Non-resident alien 51%
Two or more races 76%
Unknown 43%
White 57%

*Please note that the federal definition of a cohort is limited and excludes many students including those who earned college course credit prior to enrollment at Liberty University.

The six year rates above also do not yet reflect the effects of current initiatives designed to improve student retention and graduation.  Examples include new creatively designed academic programs, new need-based and academically based scholarship programs, new support services, and new academic intervention programs.

Locating Free Student Consumer Information

Many publications provide important consumer information. The following is a list of those publications:

Consumer Information is also available through the following publications offered by the U.S. Department of Education (ED):