Financial Aid
LUGC prioritizes providing affordable tuition to all students. In addition to providing scholarship opportunities when funding is available, and participating in approved employer reimbursement programs, LUGC offers Federal financial aid for the undergraduate level that comes in the form of grants, subsidized loans, unsubsidized loans, PLUS loans, and military benefits. Students may contact the Office of Global Student Financial Services for information related to undergraduate education funding options.
Eligibility for Federal Financial Aid Assistance
- Demonstrate financial need by submitting a Free Application for Federal Student Aid (FAFSA).
- Students must be a U.S. Citizen, permanent resident, or other eligible non-citizen.
- Students must have a high school diploma or General Education Development (GED), or by completing a high school education in a homeschool setting approved under state law.
- Students must be enrolled or accepted for enrollment as a regular student in an eligible degree or certificate program to qualify for federal loans. Undergraduate students must be enrolled at a minimum of 6 credits and graduate students must be enrolled at a minimum of 3 credits in courses of their program of study.
- Student must have a valid Social Security number.
- Student must not owe a refund from any federal grant program or loan or be in default on any federal loan.
- Student must make satisfactory academic progress towards degree completion.
How to Apply for Federal Financial Aid
- Step 1: Once students have confirmed their enrollment, the Office of Global Student Financial Services will present funding options.
- Step 2: Students who intend to use federal financial aid must complete a Free Application for Student Aid (FAFSA) online at https://studentaid.gov/h/apply-for-aid/fafsa. (LU School Code: 002480).
- Step 3: The Office of Global Student Financial Services will set up a financial aid counseling appointment to review options.
- Step 4: Students will receive an award offer letter, credit balance delivery option form, and an informational packet regarding undergraduate financial aid.
- Step 5: All borrowers must complete a Master Promissory Note (MPN) and entrance counseling at www.studentloans.gov. (LU School Code: 002480).
Types of Aid:
Scholarships
Lindenwood University may have scholarship opportunities available to assist students in pursuit of their bachelor’s degrees. Students who wish to apply for a scholarship should consult with Enrollment Services before their pay period starts. Scholarships are not guaranteed and are contingent on the availability of funding. Students who receive a scholarship must maintain Satisfactory Academic Progress (SAP). Students who withdraw from classes or the program, earn less than a passing grade in any class, or who fail to maintain good academic standing are subject to loss of their scholarship.
Federal Pell Grant
Pell Grants are only awarded to undergraduate students working on their undergraduate degrees. The Pell Grant, unlike a loan, does not need to be repaid and it is eligibility based on need. To be considered for the Pell Grant a student must complete a Free Application for Federal Student Aid (FAFSA) at https://studentaid.gov/h/apply-for-aid/fafsa annually. The Federal Pell Grant amount is determined by the Expected Family Contribution (EFC) listed on the Student Aid Report and the student's enrollment status each pay period. Students who attend full-time (at least 12 credits per pay period) would receive their full annual Pell Grant in four pay periods at Lindenwood University. Pell Grants are re- evaluated each federal award year that runs July 1 through June 30.
Federal Stafford Loans
Lindenwood University participates in several loan programs designed to offer low-interest funding to students who need to borrow money to cover the costs of education. This consists of the Federal Stafford loan program, which requires undergraduate students to be enrolled at least half-time (at least 6 credits) and graduate students to be enrolled at least part-time (at least 3 credits) in order to qualify.
Subsidized and Unsubsidized Stafford Loans
- A subsidized loan is awarded on the basis of financial need. The federal government pays the interest while a student is in school and during grace and deferment periods
- An unsubsidized loan is not awarded on the basis of need. Students will be charged interest from the time the loan is disbursed until itis paid in full. If students allow the interest to accrue while in school or during other periods of nonpayment, it will be capitalized—that is, the interest will be added to the principal amount of the loan, and additional interest will be based on that higher amount. LU has not partnered with any lending institutions and does not offer private student loans. Students may seek additional funding through various private loans sources on their own and are subject to the terms and conditions set forth by their lender.
Direct PLUS and Graduate Plus Loans
- A Plus loan is available for parent(s) to take out on behalf of the undergraduate student but not to exceed the cost of attendance. This loan is credit based.
- A Graduate Plus is available to graduate/professional students enrolled in an eligible program and enrolled at least half-time. Borrowers must not have an adverse credit history.
Private/Alternative Loans
There are private lenders that offer credit-based loans for students. These private loans may require payments while enrolled in school. For more information on private lending, please review-Private lending information https://choice.fastproducts.org/FastChoice/home/248000.