How to Apply for Financial Aid - Lamar University
Your Guide to Financial Assistance at Lamar University
All you need to know about where, when, and how to apply for student loans and financial aid
Earning your degree is an important investment, and at Lamar University, we're committed to helping you understand your financial aid options and make the entire process as simple and affordable as possible.
What financial aid do you qualify for?
This step-by-step video will help you navigate your options and detail how to apply for financial aid online.
Please note: Financial aid is not disbursed until you have been admitted into a degree-seeking program and all required documents have been received by the Lamar University Financial Aid Office. Federal financial aid is awarded on a first come, first served basis, so we encourage you to apply early.
How to Apply for Financial Aid
- STEP 1
Complete and submit the Free Application for Federal Student Aid (FAFSA) by applying online at www.fafsa.ed.gov. You will have to complete the FAFSA every year using the most recent income tax information. You need to complete a new FAFSA the first year and a renewal FAFSA in subsequent years.
You and one of your parents should create a FSA User ID, which consist of a username and password. The FSA User ID is used to authenticate the identity of students, parents, and borrowers, to access their federal student aid information.
Make sure that Lamar University receives the information by listing Lamar University when you complete the FAFSA. Our school code is 003581. You will receive an acknowledgement from the U.S. Dept of Education upon receipt.
- STEP 2
Once your electronic FAFSA information has been received by Lamar University and you have been fully admitted, the Financial Aid Office will request additional documentation before you are awarded. You can log into your online student account and view what documents the Financial Aid Office is requesting. Directions for logging into your online account can be found here. Students and/or parents if applicable, who file an extension with the IRS will need to wait until they can either use the IRS DRT tool or submit a tax transcript before awarding can occur.
Many times we will request IRS transcripts of your and your parents’ tax returns from the tax year requested on the FAFSA, a verification worksheet (available on LU’s Financial Aid website), and documentation of additional untaxed items such as child support paid, IRA/Keogh deductions, workers compensation, and interest on tax-free bonds.
- STEP 3
Once we have received all of the requested paperwork, reviewed it, and verified it, you will be awarded the grants and loans for which you are eligible.
Verification is intended to improve the accuracy of the information submitted on the FAFSA. Please be aware that our office cannot process financial aid, requests for professional judgment, or disburse federal student aid until the verification process is complete.
FOR 2016-17 -- We must receive your documents and, if corrections required, have received your corrected Student Aid Report no later than 120 days after the last day of enrollment or September 29, 2017, whichever is earlier.
Financial aid administrators have the right to ask for any documentation they feel is necessary to complete verification. If the family refuses to supply this documentation, the college is prohibited from disbursing federal student aid to the student. DOWNLOAD OUR VERIFICATION POLICY
During this process we will also re-evaluate your academic progress. If you are not meeting Lamar University’s Satisfactory Academic Progress Standards, then your aid will be put on hold. You will have an opportunity to appeal, if you are not meeting the Satisfactory Academic Progress Standards, by submitting an appeal letter to the Financial Aid Office. Make sure that all necessary documentation is submitted and you fully explain why academic standards were not met.
- STEP 4
Once financial aid has been awarded you will have the option to accept loans online and follow the additional instructions for student loans to ensure the funds arrive as soon as possible. All grant funds are automatically accepted for students. Students must completely follow all instructions to receive all of their financial aid. Once students accept their loans, students will need to complete an additional step by completing entrance counseling and a master promissory note at studentloans.gov.
Parents wishing to request a PLUS loan need to complete the PLUS application at studentloans.gov by logging in with parent information. Once we receive a request for the PLUS loan and all required documentation is complete, the parent will have to complete a Plus Loan Worksheet telling us whether the refund, if any as a result of the PLUS loan, should be given to the parent or the student. View instructions for completing the Parent PLUS Loan here.
Graduate students requesting a Graduate PLUS loan must apply at studentloans.gov .
- STEP 5
Provided you have registered during the priority registration time frame and all your processing is complete, money will be disbursed to your account up to seven days before classes begin. Any residual money (refund) will be disbursed to you through the Cardinal One Card. Note: Prior to Lamar University releasing your funds, we will check the number of class hours in which you are enrolled, satisfactory academic progress, default status, and if you have completed the entrance counseling and Master Promisorry Note for student loans requirement.
To learn more about the different types of aid and the associated eligibility requirements, please visit Types of Aid.