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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 50%
Gender: Male 46%
Gender: Female 53%
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%
American Indian 33%
Asian 41%
Black/African American 22%
Hispanic Latino 43%
Native Hawaiian or other Pacific Islander 33%
Non-resident alien 51%
Two or more races 76%
Unknown 44%
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.

Goals for Student Achievement and Student Success Findings

Goals for Student Achievement and Student Success Findings

Data included in this table represents the most recent year available

Criterion

Rationale

Year

Threshold

Finding

Student repayment of federal loans (student loan default rate)a

This criterion reflects that the education received at Liberty has instilled within the students an appreciation for the value of responsibly meeting financial obligations and the knowledge and skills necessary for employment. 

2011

TBD

8.1% DRAFT*

The FY2011 3-Year CDR will not be finalized and published until September 2014 (est.).  Draft rates for “All Institutions” and “For Profit Institutions” are not available to the public until September 2014 (est.).    

Course completion rates

This criterion reflects that students are successfully completing the coursework required for their residential or distance education (online) academic programs

2013-2014

See Table below

The successful course completion rate for an individual undergraduate course (regardless of delivery format) is calculated by dividing the number of students who earn an A, B, C, or D in the course by the total number of students registered for the course at the end of the academic terms.. The completion rate represents the percentage of students who receive credit on their transcripts for having successfully completed a course. Calculations are performed in the same fashion at the graduate level, except that grades of A, B, and C only are included (D grades are not considered successful completions at the graduate level).

Job placement rates of graduates

This criterion reflects that students, by completing their academic programs, have acquired knowledge, value and skills necessary for marketplace employment. 

2013

70%

72.3% (RES)

76.5% (LUO)

The University conducts surveys of alumni in order to examine the job placement rates of graduates. In the Fall of 2013 the University established that a threshold that 70% of students will be employed in a job directly or somewhat directly related to their field of study within one year of graduation.  Data regarding the percentage of graduates who have obtained employment in a position related to their field of study were collected in Alumni Survey.

Passage of state licensing examinations

This criterion reflects that students are successfully obtaining knowledge, value and skills necessary for entry into a profession.

2014

See table below

Liberty University also tracks student performance on state and national licensing exams. Each degree program establishes a threshold of achievement that is based either on licensure requirements or internal assigned targets. Licensing exams, where appropriate, are utilized by departments in program assessment with the information used to make adjustments to improve student learning.

Retention rates

This criterion reflects that students are successfully engaging the academic requirements necessary for persistence in meeting the academic requirements for finishing their academic program.

Fall 2013 -Fall 2014

75%

TBD

The University evaluates successful student achievement by monitoring retention rates of first-time, full-time freshman from Fall to Fall. These rates are calculated using standard IPEDS metrics.

Graduation rates

This criterion reflects that students are successful in completing their academic program within a reasonable period of time

2013 (cohort group 2008)

47%

TBD

The University’s six-year graduation rates, as defined by the U.S. Department of Education, are calculated using standard IPEDS metrics.

Enrollment data (acceptance rate)

This criterion reflects the extent to which students who seek entry to Liberty University are successful in competing for admission 

 

 

 

 

Goals for Student Achievement and Student Success Findings

Data included in this table represents the most recent year available

Criterion

Rationale

Year

Threshold

Finding

Student repayment of federal loans (student loan default rate)

This criterion reflects that the education received at Liberty has instilled within the students an appreciation for the value of responsibly meeting financial obligations and the knowledge and skills necessary for employment.1 

2011

TBD

8.1% DRAFT*

Course completion rates

This criterion reflects that students are successfully completing the coursework required for their residential or distance education (online) academic programs.2

2013-2014

See table below

Job placement rates of graduates

This criterion reflects that students, by completing their academic programs, have acquired knowledge, value and skills necessary for marketplace employment.3 

2013

70%

72.3% (RES)

76.5% (LUO)

Passage of state licensing examinations

This criterion reflects that students are successfully obtaining knowledge, value and skills necessary for entry into a profession.4

2014

See table below

Retention rates

This criterion reflects that students are successfully engaging the academic requirements necessary for persistence in meeting the academic requirements for finishing their academic program.5

Fall 2013 -
Fall 2014

75%

TBD

Graduation rates

This criterion reflects that students are successful in completing their academic program within a reasonable period of time.6

2013 (cohort group 2008)

47%

TBD

Enrollment data (acceptance rate)

This criterion reflects the extent to which students who seek entry to Liberty University are successful in competing for admission.7 

 

 

 

1The FY2011 3-Year CDR will not be finalized and published until September 2014 (est.).  Draft rates for “All Institutions” and “For Profit Institutions” are not available to the public until September 2014 (est.).    

2 The successful course completion rate for an individual undergraduate course (regardless of delivery format) is calculated by dividing the number of students who earn an A, B, C, or D in the course by the total number of students registered for the course at the end of the academic terms.. The completion rate represents the percentage of students who receive credit on their transcripts for having successfully completed a course. Calculations are performed in the same fashion at the graduate level, except that grades of A, B, and C only are included (D grades are not considered successful completions at the graduate level).

3 The University conducts surveys of alumni in order to examine the job placement rates of graduates. In the Fall of 2013 the University established that a threshold that 70% of students will be employed in a job directly or somewhat directly related to their field of study within one year of graduation.  Data regarding the percentage of graduates who have obtained employment in a position related to their field of study were collected in Alumni Survey.

4 Liberty University also tracks student performance on state and national licensing exams. Each degree program establishes a threshold of achievement that is based either on licensure requirements or internal assigned targets. Licensing exams, where appropriate, are utilized by departments in program assessment with the information used to make adjustments to improve student learning.

5 The University evaluates successful student achievement by monitoring retention rates of first-time, full-time freshman from Fall to Fall. These rates are calculated using standard IPEDS metrics.

6 The University’s six-year graduation rates, as defined by the U.S. Department of Education, are calculated using standard IPEDS metrics.

7

             

 

Liberty University Course Completions – 2012-2013 & 2013-2014

 

RESIDENTIAL PROGRAM

DISTANCE PROGRAM

Year

Undergraduate Completion Rate

Graduate

Completion Rate

Undergraduate Completion Rate

Graduate

Completion Rate

Threshold

Finding

Threshold

Finding

Threshold

Finding

Threshold

Finding

2012-2013

91%

91%

92%

93%

80%

80%

84%

85%

2013-2014

92%

91%

94%

94%

81%

81%

86%

83%

 

Graduates’ Employment Related to Field of Study – 2013

(Threshold = 70% Employed Directly/Somewhat Directly in Field-Related Job)

Category

Resident

Undergraduate

Resident

Graduate

Distance Education

Undergraduate

Distance Education

Graduate

Graduated 0-1 year

(N=242)

Graduated 1-5 years

(N=107)

Graduated 0-1 years

(N=54)

Graduated 1-5 years

(N=27)

Graduated 0-1 years

(N=425)

Graduated 1-5 years

(N=62)

Graduated 0-1 year

(N=647)

Graduated 1-5 years

(N=95)

Directly

46.3%

50.5%

63.0%

70.4%

37.9%

37.1%

56.4%

62.1%

Somewhat Directly

25.2%

22.4%

13.0%

11.1%

32.5%

38.7%

24.1%

26.3%

EMPLOYED TOTAL

71.5%

72.9%

76.0%

81.5%

70.4%

75.8%

80.5%

88.4%

Not Related

28.5%

27.1%

24.1%

18.5%

29.6%

24.2%

19.5%

11.6%

 

Liberty University Licensure Exam Thresholds and Findings

School

Exam

Threshold

Findings

School of Education

Teacher Licensure Exam (Virginia)

100%

TBD

School of Nursing

National Council Licensure Examination for Registered Nurses (NCLEX-RN)

90%

96.6 (1st quarter)

School of Law

Bar Exam (National)

80%

Not available until Oct 2014

School of Behavioral Sciences

Counselor Preparation Comprehensive Examination (CPCE)

 

 

 

Cost of Attendance Room and Board Calculation

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.

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):