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Admissions & Financial Aid

Financial Aid

FINANCIAL AID ANNOUNCEMENT

Fall 2014 

NEW FALL FINANCIAL AID APPLICANTS

Complete the Free Application for Federal Student Aid (FAFSA) at www.fafsa.gov  using LSUS's school code of 002013 (Allow LSUS five business days to receive the results of your FAFSA.).  Once LSUS receives your FAFSA results, you may login to your myLSUS account to view your status and required documents. 

Checking Your Status and Documents

  • Login to your myLSUS account
  • Go to "FINANCIAL AID"
  • Click on "APPLICATION STATUS"
  • Click on "Fall 2014-Summer 2015" "VIEW STATUS"
  • Red flags will appear for required documents

 Documents can be printed from the LSUS website, www.lsus.edu, click the "QUICK LINKS" drop down box in the top right-hand corner, select "FINANCIAL AID FORMS AND APPLICATIONS".  Print out the required documents and submit them to the Financial Aid Office immediately. Your financial aid cannot be processed until these documents are received and reviewed.  Additionally, your financial aid cannot be processed until all academic transcripts are on file and evaluated in the Admissions and Records Office. 

 Once your financial aid file is complete you will be mailed an award letter and your awards will be posted on your myLSUS account. 

 View Awards

  • Login to your myLSUS account
  • Go to "FINANCIAL AID"
  • Click on "AWARDS"
  • Click on "Fall 2014-Summer 2015" "VIEW AWARD"

ALL STUDENTS

Financial Aid Approval

If you want to use your financial aid to pay your fall 2014 tuition and fees you must give electronic approval on your myLSUS account.  The approval tab is available beginning Monday, August 4, 2014.  Please complete the following steps:

Login to your myLSUS account

  • Go to "FINANCIAL AID"
  • Click on "FINANCIAL AID APPROVAL"
  • Under "ACCEPTED" change the "NO" to a "YES" for Fall Term 2014
  • Click on "SAVE CHANGES"
  • Go to "REGISTRATION"
  • Click on "TUITION AND FEES" 
  • If you owe a balance it will be displayed on this screen.

  

IF YOU OWE A BALANCE OR DO NOT HAVE FINANCIAL AID ON myLSUS, BE PREPARED TO PAY YOUR TUITION AND FEES. 

Fee Payment Deadline

The fall 2014 fee payment deadline is 6:00 p.m. on Wednesday, August 20, 2014.  If you do not give your financial aid approval and pay any remaining balance, your classes will be dropped; you will have to re-register; and you may be assessed a late fee.  Once you re-register, you must notify the Financial Aid Office to restore your financial aid. 

Financial Aid Refunds

Financial aid credit balance refunds are issued after the census date for each semester or term and/or session depending on the type of financial aid awarded.  You will be able to view this on your myLSUS account under "FINANCIAL AID AWARDS".  For fall 2014, financial aid will not appear in the credited column until Monday, September 15, 2014.

A semester or term is typically 16 weeks in length.  A session occurs within the 16-week semester or term and can vary in length.  Students may be assessed tuition and fees for their enrollment during an entire semester or term, but sometimes financial aid cannot be disbursed until the student has completed certain enrollment requirements.  The census date for a semester or term is typically the 14th class day; the census date for a session varies. 

Financial aid refunds issued by direct deposit will be available after Wednesday, September 17, 2014.  Students who are not using direct deposit will be mailed a paper check after Wednesday, September 17, 2014.

Registration across different sessions within the semester or term may affect the amount and timing of your refund.  Example:  A student who is borrowing student loan funds is registered in 3 hours for session 1A and 3 hours for session 1B.  Until the census date for session 1B has past, his/her loan funds cannot disburse because the student is not meeting eligibility requirements until he/she is actually attending session 1B. 

The same is true for disbursing a student's Pell Grant funds.  If a student is enrolled in session 1A for 9 hours and session 1B for 3 hours, his Pell Grant will disburse in two payments:  75% after the census date for the semester and 25% after the census date for session 1B. 

State of Louisiana Go Grant funds are disbursed after the census date for the semester or term.  If you are registered in hours for session 1B that makes your enrollment status full-time for the semester or term, you must be enrolled in at least 12 hours on the census date for session 1B or your Go Grant will be reduced or cancelled.  You will owe the university the funds previously advanced based on your enrollment status on the semester or term census date. 

TOPS Students

TOPS recipients must be registered in 12 hours for the fall semester or term on the census date for the semester or term for the scholarship to disburse.  If your full-time enrollment status (12 or more hours) for the fall semester or term is based on hours in session 1B and you subsequently drop session 1B hours before the census date for session 1B, your TOPS Scholarship for the fall semester or term will be cancelled.  You will owe the University the entire amount of your TOPS scholarship that was credited to you after the census date for the semester or term.  Failure to be enrolled in 12 hours on the census dates for the semester or term and session may affect your eligibility for TOPS Scholarships for future semesters.  Please contact us if you have any questions concerning your eligibility.  Remember, the Louisiana Office of Student Financial Assistance (LOSFA) is the agency that determines student eligibility for a TOPS Scholarship, not LSUS. 

TOPS recipients who are transferring from LA Tech to LSUS, must contact the Financial Aid Office. 

Student Loan Recipients  

  • You must be enrolled in at least six hours for the semester or term for your loans to disburse. 
  • All student loans are processed at the maximum loan limit and cannot be increased. 
  • If you cancelled or reduced a loan award, you will be able to view the changes on your myLSUS account under "FINANCIAL AID AWARDS".
  • Students who cancelled or reduced a loan, and now wish to return to maximum loan amount, will not have their requests processed until later in the semester.
  • If you accept an Unsubsidized Stafford Loan you cannot decline a Subsidized Stafford Loan.  This is because there is no interest on a Subsidized Stafford Loan while you are enrolled in at least six hours during a semester or term.
  • GRADUATE STUDENTS - You must be registered for six hours of graduate coursework for the semester or term to be eligible for your student loans.  Loans for graduate students not registered in six hours of graduate coursework during the semester or term will be cancelled. 

 Bookstore Charges

Students, who have financial aid that is in excess of tuition and fees, may charge their books in the university's bookstore by using their LSUS student ID card.  Students can charge in the LSUS bookstore beginning Monday, August 11, 2014, and continuing until Wednesday, September 10, 2014. 

If you are registered in a session 1B class and have financial aid that is in excess of tuition and fees, you are strongly encouraged to obtain your books when charges are allowed.  If you decided to not take a session 1B class that you have purchased a book for, you can receive a 100% refund by returning the book along with your receipt to the LSUS bookstore.

 

FINANCIAL AID OFFICE HOURS

Monday through Friday                      8:00 a.m. to 4:30 p.m.

Wednesday, August 20th                    8:00 a.m. to 6:00 p.m.

                                                                       LSUS SCHOOL CODE IS 002013