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.
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.
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:
If the student is convicted of an offense involving the sale of an illegal substance, the ineligibility period is:
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:
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.
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||50%|
|Students who did not receive any Federal Pell Grants or Federal Subsidized Student Loans||57%|
|Student recipients of Federal Pell Grants||36%|
|Student recipients of Federal Subsidized Student Loans, but not recipients of Federal Pell Grants||50%|
|Native Hawaiian or other Pacific Islander||33%|
|Two or more races||76%|
*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.
The total room and board calculation for a student’s cost of attendance (COA) is based on weeks of attendance. Federal regulations state a week is a consecutive seven-day period, which is how room and board is determined for the purpose of the COA. For example, if an intensive course lasts from Friday-Friday, one week of room and board will be allocated since there is only one full week, or consecutive seven day period.
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):