General Eligibility Requirements
To receive Financial Aid, you must:
- be admitted and enrolled in an eligible degree-seeking or certificate program
- be a U.S. Citizen or eligible non-citizen
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- have a valid Social Security Number
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- be registered with the Selective Service (if required)
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- be in good academic standing and maintainÌýsatisfactory academic progress toward completion of a degree or eligible certificate
- not owe a refund on a federal grant (overpayment), be over your aggregate subsidized
limit, be in default on a federal education loan, or have pending aid at another institution.
- demonstrate a financial need, except for some loan programs
- submit all required documents from previously attended institutions of higher education
- verify that all items on your Student Aid Report are correct
- accept the terms and conditions of educational purpose stating that you will use your
financial aid only for those expenses related to attending school and other related
requirements
Determining Financial Need
Financial need is determined by subtracting the family's Expected Family Contribution
(EFC) from the University's Cost of Attendance. Note: The EFC number is determined
by filing the Free Application for Federal Student Aid (FAFSA) and is found on your
Student Aid Report (SAR).ÌýÌý
The amount left over after subtracting the expected contribution from your cost of
education is considered your "financial need."
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Expected Family Contribution
The Expected Family Contribution (EFC) is the amount that you (and your spouse, if
married) and your parents are expected to contribute toward your education. The EFC
is determined by filing the FAFSA and is the EFC number found on your Student Aid
Report (SAR).
Other Resources
You may be receiving other forms of assistance for your educational costs, such as
scholarships, Veteran's Benefits, Vocational Rehabilitation, etc. It is very important
for you to notify the Financial Aid Office if you anticipate receiving these types
of awards. Failure to do so may cause you to owe a refund of your received financial
aid.
Disbursing Financial Aid
Most available financial assistance (including student loans) is disbursed at the
beginning of each term. If you owe a balance to The University, your financial aid
will be credited toward that balance (excluding any of your bookstore charges). You
will receive a "refund" only if you have funds available in excess of your balance
due.
You cannot expect to have a refund available on this first refund date if you were
late in submitting all required documentation necessary to process and disburse your
funds. This includes completing your Master Promissory Note and Entrance Counseling
Session on-line at Any student not registered in at least 6 hours (undergraduate students) or 5 graduate
level hours (graduate students) before Late Registration should not expect a loan
refund on the first published refund date. Any loan funds guaranteed for you will
be held at the guaranty agency until your half-time (or greater) enrollment status
has been verified. See Add/Drop and Late Registration policies.
Please Note:
Financial aid awards are tentative awards and are not finalized until enrollment and
residency are confirmed. Any changes in enrollment or residency status should be reported
to the Financial Aid Office immediately so that any necessary adjustments may be made.
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Financial Aid for Certificate ProgramsÌý
Post-baccalaureate undergraduate certificate programs are offered to students who
have already obtained their bachelor’s degree. Students who enroll in a post-baccalaureate
certificate program should be aware that they will have restricted financial aid eligibility
which will only cover courses that are required by the certificate. No course substitutions,
transfer work, or pre-requisite courses are covered by financial aid. To be eligible
for federal loans students must be enrolled in at least 6 credit hours of undergraduate
courses of the certificate-required coursework.ÌýOptional courses that students elect to take for professional recognition, advancement,
to raise GPA, or that the University of Louisiana at Monroe recommends, do not qualify
for financial aid.
Students that are eligible to receive financial aid will be awarded loans as fifth
year undergraduates and are bound by the undergraduate loan limits. Awards must also
stay within a student’s cost of attendance. No student will be eligible for Pell grant
because all students enrolled in the certificate program will already have received
an undergraduate degree. Post-baccalaureate certificates must also meet satisfactory
academic progress (SAP) requirements and are held to the federal repeater course policy.
As certificate programs require less hours than traditional degree programs, students
should be careful to plan their enrollment with their financial needs.
Post-Baccalaureate Certificate Programs Eligible for Financial Aid and Disclosure
Information:
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Office of Financial Aid