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Find answers to frequently asked questions about federal and state financial aid programs, including grants, scholarships, loans, and other types of assistance.
To apply for federal and state financial aid programs (including grants, work-study, student loans, and TOPS scholarships) students must complete the Free Application for Federal Student Aid (FAFSA).
How to Apply
To help ensure consideration for the greatest amount of available aid, students should submit the FAFSA as soon as possible after October 1.
Students must complete a new Free Application for Federal Student Aid (FAFSA) for each academic year, which runs from August through July. A FAFSA submitted for a previous academic year will not apply to future academic years.
Submitting the FAFSA early may improve eligibility for limited funding opportunities, including state grants and scholarships offered by ÀÖ²¥´«Ã½.
The Free Application for Federal Student Aid (FAFSA) determines dependency status using federal guidelines established by the U.S. Department of Education. Factors that may affect dependency status include:
Most students under the age of 24 are considered dependent students and must provide parent information on the FAFSA. Dependency status is not based on whether a parent claims the student as a dependent on a tax return.
FAFSA verification is a process used to confirm the accuracy of information submitted on the Free Application for Federal Student Aid (FAFSA). Because FAFSA information is primarily self-reported, some students may be required to submit additional documentation for review.
If verification is required, the ÀÖ²¥´«Ã½ Financial Aid Office will notify the student of any required documents. Students may also review outstanding requirements through under Financial Aid Application Status.
Verification processing times may vary depending on when all required documents are received. Financial aid eligibility cannot be determined until the verification process has been completed. Submitting a FAFSA early may help reduce delays in processing and awarding financial aid.
Students can check their financial aid status by logging into and selecting Financial Aid Application Status. From there, choose the appropriate aid year to view any outstanding requirements.
Be sure to review your status for missing documents or alerts that may indicate required action. If selected for verification, submit all requested documentation as soon as possible. Processing may take up to two weeks after all required documents are received.
Students should keep copies of all documents submitted for their records.
Students can view their financial aid awards by logging into and selecting Financial Aid, then Financial Aid Awards. Choose the appropriate aid year to review available grants, loans, and scholarships.
A paper award notification will also be mailed to the address listed on your student account. Financial aid funds will appear in the credited (posted) section of your student account after the official census date for the semester or session in which you are enrolled.
To use your financial aid toward tuition and fees, you must first accept your aid in .
Steps to Accept Aid
If your balance shows $0, no additional action is needed. If a balance remains, it will be displayed with a due date.
If a balance remains by the due date, students must either pay the balance in full or enroll in a payment plan through myÀÖ²¥´«Ã½ to avoid having classes dropped.
Students must accept financial aid prior to published tuition deadlines each semester.
Guaranteed Academic Scholarships and Transfer Scholarships are automatically considered during the admissions process. No separate application is required for these awards.
ÀÖ²¥´«Ã½ Foundation and Departmental Scholarships must be applied for through the page on our school website.
Yes. If your financial aid exceeds the cost of tuition and fees, the remaining funds may be used to purchase textbooks and course materials.
Eligible students may use financial aid at the ÀÖ²¥´«Ã½ Bookstore approximately two weeks before the start of each semester. When making a purchase, select financial aid as the payment method.
Yes. Financial aid and scholarships may be used for eligible university charges, including bookstore purchases, Pilot Dining Dollars, and housing at Pilots Pointe Apartments.
Financial aid is applied to student charges in the following order:
If financial aid does not fully cover housing costs, any remaining balance can be paid through a monthly payment plan in myÀÖ²¥´«Ã½.
Students should regularly review their account to monitor current balances and ensure charges are paid on time.
Enrollment requirements vary depending on the type of financial aid:
Students can visit the to learn more about loan proration and other changes to aid affected by .
|
Direct Loan |
Interest Accrual |
Eligibility |
|
Subsidized |
Interest paid by U.S. Dept. of Education while student is enrolled at least halftime |
Considered as Need-Based aid |
|
Unsubsidized |
Students are responsible for paying interest during all periods |
Not considered as Need-Based aid |
Students can learn more about the differences between undergraduate loan types on the on the .
To reduce or decline your loan, complete the Aid Adjustment Form and submit it via email, fax or in person to our office. The Aid Adjustment Form is available for download on the Financial Aid Forms page.
ÀÖ²¥´«Ã½ students may also email, fax, or bring their award letter to the ÀÖ²¥´«Ã½ Financial Aid Office for any award changes.
Please allow 7-14 business days for processing.
Credit balance refunds are issued within 5-7 business days after the last day to drop a class or the census date.
Your refund amount is calculated as:
Net Amount Award Amount − Tuition − Fees − Books − Other Charges etc.
Students are encouraged to set up direct deposit through to receive refunds more quickly.
For questions about direct deposit, contact Accounting Services at 318-797-5275 or accounting_services@lsus.edu.
Your loan may not have been disbursed if you still need to complete the Master Promissory Note (MPN) and Loan Entrance Counseling requirements on the .
ÀÖ²¥´«Ã½ typically receives confirmation of completed requirements within 5-7 business days.
Payment plans are available through under the Payment Plans section.
For questions about payment plans, contact Accounting Services at 318-797-5275 or accounting_services@lsus.edu.
Yes. Please be prepared for scheduled payment plan drafts to continue while your financial aid is being processed.
Payment plans are reconciled after financial aid has been applied to your student account, which occurs after the census date. Adjustments are typically completed within 10-14 business days.
Not necessarily. However, continued eligibility for financial aid depends on meeting Satisfactory Academic Progress (SAP) requirements, including minimum GPA, course completion rate, and maximum timeframe standards.
All federal financial aid recipients are evaluated for SAP at the end of the spring semester. For more information, review the SAP Policy.
Possibly. The impact on your financial aid depends on the number of courses dropped, the type of aid received, and your Satisfactory Academic Progress (SAP) status. Students are encouraged to contact the Financial Aid Office before dropping any courses.
If you withdraw from all courses before completing 60% of the term, you may be required to repay a portion of your financial aid. For more information, review the Financial Aid Title IV Return Policy.
You can access your 1098-T tax form in under My Financials.
If you have questions, contact Accounting Services at 318-797-5275 or accounting_services@lsus.edu,
Contact ÀÖ²¥´«Ã½ Financial Aid Office: Phone: 318.797.5363, Email: finaid@lsus.edu
AD 159
One University Place
Shreveport, La 71115
318-797-5363
318-797-5366 (fax)
finaid@lsus.edu
The Title IV School Code is 002013
You have the potential. We have the community, resources, and affordable education you need to achieve your purpose.