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Admissions & Financial Aid

Financial Aid

FINANCIAL AID ANNOUNCEMENT
Updated, June 8, 2016


STEPS TO RECEIVE FINANCIAL AID
Complete the FAFSA
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.  

Check Your Status and Documents
•Login to your myLSUS account
•Go to "FINANCIAL AID"
•Click on "APPLICATION STATUS"
•Click on "Fall 2016-Summer 2017" "VIEW STATUS"
•Red flags will appear for required documents
Documents can be found here.  Print out the required documents and submit them to the Financial Aid Office. 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 and evaluated you will be mailed an award letter and your awards will be posted on your myLSUS account. 

View Your Awards
•Login to your myLSUS account
•Go to "FINANCIAL AID"
•Click on "AWARDS"
•Click on "Fall 2016-Summer 2017" "VIEW AWARD" 

Give Your Financial Aid Approval
If you want to use your financial aid to pay your tuition and fees you must give electronic approval on your myLSUS account.
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 appropriate semester or term
•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 DEADLINES-FALL 2016

Fall Semester                 August 17, 2016

Session 1A                      August 17, 2016       

Accelerated ONLINE     August 17, 2016  
Sessions AP1/1C

Session 1B                      October 12, 2016            

Accelerated ONLINE      October 12, 2016                                    
Sessions AP2/1D   

If you do not give your financial aid approval or do not pay any remaining balance owed according to the dates above, your classes will be dropped; you will have to re-register; and you will be assessed a late fee.

 

FINANCIAL AID REFUNDS
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 will be assessed tuition and fees for their enrollment during an entire semester or term, but financial aid cannot be disbursed until the student has completed certain enrollment requirements.
Financial aid credit balance refunds are processed according to the dates listed below.  You will receive a check or electronic funds transfer approximately 5-7 business days after the processing dates listed below:

Semester, Session, Term     Process Date                    Expected Check Date 
Fall Semester                       September 10, 2016          5-7 Business Days Later

Session 1A                            September 10, 2016          5-7 Business Days Later

Accelerated ONLINE            September 10, 2016          5-7 Business Days Later
Sessions AP1/1C

Session 1B                            October 25, 2016               5-7 Business Days Later                           

Accelerated ONLINE            November 2, 2016             5-7 Business Days Later
and 1D
 
The census date for a semester or term is typically the 14th class day; the census date for a session varies. 

Registration across different sessions within the semester or term may affect the amount and timing of your refund.  Below are some guidelines for the effects on specific financial aid sources.  Please contact our office with any questions.

Pell Grant Recipients
If a student is enrolled in session 1 for 9 hours and session 1B for 3 hours, his Pell Grant will disburse in two payments:  75% after the processing date for session 1A and 25% after the processing date for session 1B. 

GO Grant Recipients
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 Recipients
Students receiving TOPS must be registered in at least 12 hours (full-time) for the semester or term through the census date for the semester or term for the scholarship to disburse.  Failure to be enrolled in 12 hours on the census dates for the semester, term or session may affect your eligibility to receive a TOPS Scholarship 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. 

Student Loan Recipients
Students must  be enrolled at least half-time through the census date of the semester, term, or session for student loan funds to disburse.
•UNDERGRADUATE STUDENTS - Half-time = 6 hours Loans will be cancelled for undergraduate students not enrolled in six required hours of  coursework through the census date of the semester or term.
•GRADUATE STUDENTS (including Online MHA) - Half-time = 6 graduate hours Loans will be cancelled for graduate students not enrolled in six required hours of  coursework through the census date of the semester or term.
•ACCELERATED ONLINE GRADUATE STUDENTS - Half-time = 3 hours per seven week session Loans will be cancelled for graduate students not enrolled in three required hours of  coursework through the census date of each session. The loan amount per session is determined by dividing the annual loan limit for a graduate student by six sessions, $20,500 divided by six sessions = $3,417 for four sessions and $3,416 for two sessions.   
 

BOOKSTORE CHARGES
Students, who have financial aid in excess of tuition and fees may charge their books in the university's bookstore by using their LSUS student ID card.  Bookstore charges begin two weeks before the first day of class at the start of a semester and continue until two days before the census date for the semester. 

At the beginning of a session in the middle of a semester (example:  Session 1B or  Accelerated ONLINE Sessions AP2/1D), bookstore charges are available for two weeks before the first day of class.  Charges end on the first day of class for the session or term.   

Please reference material provided in your Financial Aid Award Letter for the exact bookstore charge dates for each semester, term, or session.  

 

FINANCIAL AID OFFICE HOURS
Administration Building, Room 159

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

Semester (Fall and Spring) Fee Payment Deadline    8:00 a.m. to 6:00 p.m.