Lourdes University provides one of the lowest private university tuition rates in the United States.

Review tuition and fees.

Welcome to the Lourdes University’s Net Price Calculator.

This tool is designed to help you and your family estimate your financial aid options at Lourdes. Please be sure to complete the entire process to ensure the best possible results. If you have any questions, contact the Financial Aid Office at 419-824-3732 or email financialservices@lourdes.edu.

This calculator is not an official application for Financial Aid and is not a substitute for applying for aid. To officially apply for Financial Aid, a student must complete the Free Application for Federal Student Aid (FAFSA). Lourdes University’s school code for the FAFSA is 003069.

Results provided through the Net Price Calculator are only an estimate and do not guarantee the actual aid you will receive. Your estimated award is only as accurate as the information you provide. This estimated award may change if your financial or other family characteristics change, and may not incorporate any special circumstances you may have.

Ninety-seven percent of Lourdes University students receive Financial Aid through institutional scholarships, grants, or need-based aid. Our admissions counselors and financial aid experts work with students to identify the best financial solutions for their education. To determine financial and institutional assistance, domestic applicants must complete the Free Application for Federal Student Aid (FAFSA).

Learn more about Undergraduate Scholarships & Aid.

Lourdes University provides information on the following types of scholarships for new undergraduate students. To determine financial and institutional aid, domestic applicants are required to complete the Free Application for Federal Student Aid (FAFSA).

TYPES OF SCHOLARSHIPS

MERIT SCHOLARSHIPS

ACADEMIC MERIT AWARD	GPA	AMOUNT
Trustee Scholarship	4.00+	$16,000
Presidential Scholarship	3.75 – 3.99	$14,000
Deans Scholarship	3.25 – 3.74	$11,000
Faculty Scholarship	3.00 – 3.24	$9,000
Opportunity Award	2.50 – 2.99	$7,000

ENDOWED SCHOLARSHIPS

Generous donors provide funding for Lourdes students. These donors usually pick criteria for their scholarship, and there are hundreds of options that could fit you! A list of donor funded scholarship and the criteria for them can be found here.

SPECIAL SCHOLARSHIPS

• Choose Ohio First. This state scholarship program offers scholarships to students majoring in STEMM fields. Scholarships are based on merit. Learn more about this program.
• Study abroad. Contact the Lourdes Financial Aid Office to learn about a variety of ways to fund a study abroad experience.

OUTSIDE SCHOLARSHIP RESOURCES

Looking for additional scholarships from external organizations? Take advantage of these helpful scholarships links:

• CollegeNet
• Fast Web
• Nursing Scholarship Database
• Scholarships.com
• Scholarship Experts
• SmartStudent™ Guide
• Super College
• Toledo Community Foundation

NOTE: Scholarship applications should never require a fee.

HOW TO APPLY FOR SCHOLARSHIPS

MERIT SCHOLARSHIPS

You will be offered this automatically upon admission to Lourdes. Based only on GPA from your most recent high school Transcript.

ENDOWED SCHOLARSHIPS

All students will be evaluated for all endowed scholarship opportunities. If more information is needed, the financial aid office will reach out.

SCHOLARSHIP TIMELINE

• December: The FAFSA for the upcoming offer year opens! File early for the most eligibility
• April: Financial aid offers begin and offer letters are sent out

HOW SCHOLARSHIPS ARE OFFERED AND PAID

HOW DO I KNOW IF I RECEIVED A LOURDES SCHOLARSHIP?

Merit scholarships are offered automatically. You will receive a letter form the admissions department when you are offered a merit amount. All other institutional scholarships will be indicated on your offer letter, which will be sent beginning in January 2024 for students who have been admitted and filed a FAFSA.

HOW TO KEEP SCHOLARSHIPS

• Merit Scholarships, RaiseMe and character offers automatically renew every year as long as you maintain the required GPA
• Endowed funds are not renewable, and must be applied for yearly.

Application for Freshman and Transfer Students entering Lourdes University.

Who Can Apply?

• New applicant and current students who are enrolling full time
• Resident of Ohio
• Declare an undergraduate major for an eligible STEMM major (science, technology, engineering, mathematics, or medicine)
• Have a current FAFSA on file with Financial Aid (www.fafsa.ed.gov)
• Not already be receiving a full tuition scholarship
• Have a current grade point average of 3.0 or higher**

Eligible STEMM Majors

• Biology with Environmental Biology Concentration-Bachelor of Science
• Biology-Bachelor of Arts
• Biology-Bachelor of Science
• Computer Science
• Education – pursuing a Science concentration
• Nursing BSN
• Nursing RN-BSN Completion-100% Online – CBE
• Pre-Dentistry-Bachelor of Science
• Pre-Medicine-Bachelor of Science
• re-Occupational Therapy-Bachelor of Science
• Pre-Physical Therapy-Bachelor of Science
• Pre-Physician Assistant-Bachelor of Science
• Pre-Veterinary Science-Bachelor of Science
• Pre-Nursing

*The Choose Ohio First program is only for students pursuing a first-time undergraduate degree. Scholarship availability based on continued state funding.

**Some programs may require higher entrance criteria

APPLY NOW

For more information on this program from the Ohio Department of Higher Education click here (link: https://www.ohiohighered.org/cof)

The Great Minds Fellowship is ideal for students looking to make a difference and contribute to growing Ohio’s behavioral health workforce. The program will help students jump start a successful future in their chosen career path while allowing communities across Ohio to better care for those living with mental health and substance abuse disorders.

Great Minds Fellows at Lourdes University be eligible for up to $10,000 during their undergraduate studies for scholarship opportunities to assist with the costs of obtaining their degrees or certificates.

Students are eligible if they meet the following requirements:

• In the Social Work Program at Lourdes (CIP Code 44.0701)
• Complete an Internship at an Approved Ohio Community Behavioral Health Center (CBHC)
• Be within two years of graduating with the Bachelors of Arts in Social Work Degree
• Commit to be employed at a CBHC on Ohio for one year after graduation

Click here for more information.

To apply, contact finaid@lourdes.edu.

LOURDES ALUMNI SCHOLARSHIP

Alumni who earned a bachelor’s degree from Lourdes University can qualify for a $1,000 Graduate Scholarship when they enroll in a Lourdes University graduate degree program.

LOURDES LAUNCH SCHOLARSHIP

Undergraduate students completing their final year in a Lourdes University bachelor’s degree program, can also qualify for the Lourdes Launch Scholarship worth $500. Lourdes alumni can qualify for a total of $1,500 in scholarships – $1,000 as a Lourdes alumnus and $500 for launching into their graduate studies prior to completing their bachelor’s degree.

The Lourdes Launch $500 scholarship offer is open to LU students who enter into a master’s degree program in the spring, summer, or fall immediately following graduation from Lourdes University.

Funds will be paid directly to the student’s accounts through financial aid and are not refundable to students. The award will be paid only during the first year of attendance, and will be split evenly between fall and spring semesters. The program is designed to assist students in getting started on the right track as they begin graduate school.

Check with Graduate Studies regarding information on graduate program specific scholarships.

STEP 1: APPLYING FOR FINANCIAL AID – FILING THE FAFSA – School code: 003069

By filing the Free Application for Federal Student Aid (FAFSA), the Lourdes Financial Aid Office will automatically consider your eligibility for all federal, state, and institutional aid, including: scholarships, grants, and Federal Direct Stafford Loans. To file a FAFSA:

• Register for an FSA ID. The FSA ID is your personal identification number through the Department of Education which will allow you to sign your FAFSA electronically. Your FAFSA cannot be processed unless it is signed with a FSA ID.
• For dependent students, one of your parents must also apply for a FSA ID in his or her name.
• Complete the FAFSA online. Remember to add the Lourdes University school code: 003069, so the Lourdes Financial Aid Office receives your FAFSA.
• It will take 7 to 10 business days for Lourdes to receive your FAFSA. (However, you may receive a confirmation email from the Department of Education within 3 business days.)
• You need to apply each year for the FAFSA starting on October 1 for the following academic year. If you are filling out the FAFSA for Fall 2019 use taxes from 2017.

Transfer Students: If you have already filed a FAFSA for the aid year, sign back into your completed FAFSA and select: “Make FAFSA Corrections.” Add the Lourdes University school code: 003069. Then sign with your FSA ID.  It will take 7 to 10 business days for Lourdes to receive your FAFSA.

Deadline: Lourdes will accept your FAFSA throughout the school year. Filing early will help you to complete your requirements in a timely manner. Also, it is important to have a FAFSA on file so you know if you will be responsible for any payments not covered by your financial aid.

STEP 2: YOUR FINANCIAL AID AWARD

When the Lourdes Financial Aid Office receives your FAFSA, we review it and consider your eligibility for grants, scholarships, federal work-study, and Federal Direct Stafford and PLUS loans. Your award shows everything for which you are eligible for the aid year. The Lourdes financial aid year begins in the summer and ends with spring semester, for example: Summer 2024, Fall 2024, and Spring 2024.

Newly Accepted Students: You will receive your award notification by mail, in the form of a paper letter. Lourdes Financial Aid typically begins packaging new students with aid in mid-November.

Continuing Students: All award notifications will go through your Lourdes email, directing you to view your award on your Web Self Service account.

Enrollment: Lourdes packages every student based on full-time enrollment in the spring semester for the following academic year. Unless we receive your FAFSA after a semester’s freeze date has passed. If you are not going to attend full-time, contact the Financial Aid Office, and we will adjust your aid accordingly. Please NOTE: Financial aid must be adjusted for changes in enrollment. If your award does not match your enrollment, your aid will be adjusted based on your credit hours at the freeze date.

Summer Semester Financial Aid: You can receive financial aid if you are attending summer semester. If you are enrolled in summer classes when we receive your FAFSA, we will automatically include summer aid on your award. If you are not enrolled when we receive your FAFSA, contact the Financial Aid Office, and we will adjust your aid to include summer semester.

STEP 3: CHOOSE YOUR PAYMENT OPTION

NEW AND CONTINUING STUDENTS MUST ACCEPT THEIR AID & CHOOSE A PAYMENT OPTION BY THE FIRST DAY OF CLASSES EACH SEMESTER

Lourdes University offers three payment options. Students must complete one of these three payment options by the first day of class:

• Have enough financial aid posted and accepted to cover billed charges.
• Payment in full of any outstanding balance after aid is applied.
• Enroll in a payment plan.

STEP 4: ACCEPTING YOUR AID

NEW AND CONTINUING STUDENTS MUST ACCEPT THEIR AID BY THE FIRST DAY OF CLASSES EACH SEMESTER

New Students: After reviewing your award, indicate whether you are accepting the aid as awarded, or if you are reducing/declining any portion of the aid, and return your award letter to the Financial Aid Office in the postage paid envelope included. You can also accept your aid on your Web Self Service account if you are registered for classes. If you have any questions about your financial aid, please contact our office, and we will be happy to assist you.

Continuing Students: After you have reviewed your award on your Web Self Service account, you will need to indicate whether you are accepting the aid as awarded, or if you are reducing/declining any portion of the aid. You must respond to your award notification, or none of your aid will disburse.

For step-by-step directions on how to accept your aid on your Web Self Service account, review Instructions for Instructions for Accepting Financial Aid.

STEP 5: COMPLETING ALL FINANCIAL AID REQUIREMENTS

You may have other financial aid requirements beyond filing the FAFSA and accepting/declining your award. You will be notified by email if you have outstanding requirements. The email will direct you to go to your Web Self Service account to see your requirements. Please do not ignore this email as outstanding requirements MUST be completed before your financial aid will pay to your account.

Here are some of the potential financial aid requirements you may see listed on your Web for Students accounts:

• Award Response – accept/decline your loans
• Master Promissory Note – this must be on file in order for your Stafford or PLUS loans to pay to your account. Refer to Loans for the steps to complete this requirement.
• Entrance Counseling – this must be on file in order for your Stafford or PLUS loans to pay to your account. Refer to Loans for the steps to complete this requirement.
• Scholarship Thank You Letter – For many general and endowed Lourdes scholarships, a thank you letter must be written. Refer to the guidelines on writing scholarship thank you letters.
• Verification – verification is a process to confirm the information you provided on the FAFSA – Free Application for Federal Student Aid. See Verification for more information about the documents you will need to turn into the Lourdes Financial Aid Office.

For step-by-step instructions on how to identify your financial aid requirements, review Identifying Your Financial Aid Requirements on Web for Students.

STEP 6: RECEIVING YOUR FINANCIAL AID

The financial aid process must be completed before aid can disburse. Federal Direct Stafford Loans are applied to students’ accounts no earlier than 10 days prior to the start of the semester.
Please NOTE: Federal Direct Stafford Loans are applied to tuition and fees charges first.

• All other aid (grants, scholarships Perkins loans, waivers, etc.) is applied to students’ accounts after the financial aid freeze date, when enrollment in courses has been confirmed and all application charges, including book vouchers, have been added.

Refunds
Refunds are processed by the Student Accounts Office if your aid is greater than your charges. Your refund will not be available until 7 to 10 business days after the financial aid freeze date.

Book Vouchers
If you have completed the financial aid process and are expecting to receive a refund, you may be eligible to receive a book voucher. Book vouchers are issued by Student Accounts for up to $800 depending on your major and expected refund amount. Book vouchers can be used only at Lourdes online bookstore, and in most cases expire on Freeze Date. Bookstore charges will be deducted from your anticipated refund. If you elect to rent materials, you must provide credit card information in case those rented items are not returned.

Cost of Attendance (COA): The estimated cost of attending this institution for one academic year. This amount includes the following:

• Expected charges for one year of tuition and fees
  • Tuition – Charges assessed for classes
  • Fees – Charges assessed for other college services
• Room and board for resident students
• Estimated living expense — allowance for rent, utilities, and food for off- campus living
• Estimated transportation costs
• Estimated books and supplies
• Miscellaneous costs

Dependency Status: For the purposes of federal financial aid, you are considered dependent unless you meet one of the following criteria: 1) you are 24 years of age by January 1st of the award year; 2) you are married; 3) you are a graduate student; 4)  you have children who receive more than half of their support from you; 5) you have dependents other than children or spouse who live with you & receive more than half of their support from you; 6) you are an orphan or ward of the court; 7) you are a veteran.

Direct Costs: Expenses the student/family pays to the college.

Disbursement: A payment of aid released to your student account.

Educational Loan: A form of financial aid that must be repaid with interest. Educational loans have varying interest rates and repayment terms. Students and/or parents are required to sign a promissory note when accepting an educational loan.

• Student Loan: Funds awarded to the student that must eventually be paid back to the lender by the student.
  • Federal Direct Student Loan: Loan funds provided to the student by the U.S. Department of Education, through the school. Repayment of principal begins six months after the borrower ceases to be a student on at least a half-time basis. The Free Application for Federal Student Aid (FAFSA) is the annual application. There are two types of Federal Direct Student Loans: subsidized and unsubsidized. Students with financial need can qualify for a subsidized loan, and the government pays the interest on the loan while the student remains enrolled at least half time. Students who don’t demonstrate financial need qualify for an unsubsidized loan and interest accrues while the student is in school.
  • Federal Perkins Loan: A low interest loan for educational expenses provided by the federal government for qualified individuals with exceptional financial need as defined by the institution. .The Federal Perkins Loan needs to be repaid with interest once the student is no longer enrolled at least half-time.
  • Federal Grad PLUS Loan: Loan funds provided to graduate students by the U.S. Department of Education, through the school. This federal loan program allows graduate students with no adverse credit history to apply for up to their Cost of Attendance each year, less any financial aid. To be eligible, the student must be enrolled at least half time in an eligible program of study and first borrow the maximum allowable through the Federal Direct Student Loan program. Repayment of principal and interest begins 30 to 60 days after the loan is fully disbursed with deferment and forbearance options available.
  • Private (Alternative) Loan: A loan from a commercial, state-affiliated or institutional lender used to pay for up to the annual cost of education, less any financial aid received. Private loans usually require the applicant to be creditworthy or have a co-signer and have varying interest rates, fees and repayment options. Repayment of interest (and often principal) generally begins immediately, with some lenders offering deferment options for in-school periods.
• Federal Parent Loan (PLUS): A federal loan program that allows parents who have no adverse credit history to apply for up to the Cost of Attendance each year, less any financial aid. PLUS loans must be repaid with interest.

Enrollment Level: Level of the degree-granting program in which a student is enrolled. Basic levels of enrollment include: undergraduate (students seeking an associate’s degree, a certificate, or a baccalaureate degree); post-baccalaureate (such as teacher certification); graduate (students working on a master’s degree or professional degree); and post-graduate (such as students enrolled in a doctoral program). The amounts and types of financial aid a student is eligible for is determined, in part, by their enrollment level.

Enrollment Status: Academic workload (or course load), as defined by the institution, that a student is carrying for a defined academic period. This normally relates to the number of credit hours or clock hours taken by a student during a given academic period. For most traditional undergraduate term-based schools:

• Full-time status = at least 12 credit hours
• Three-quarter time status = at least 9-11 credit hours
• Half-time status = at least 6-8 credit hours.

For most clock hour schools full-time enrollment equates to at least 24 clock hours per week.

Expected Family Contribution (EFC): A measure of how much the student and his or her family can be expected to contribute to the cost of the student’s education for the year. The EFC is calculated according to a formula specified in the law and is based upon the information provided by the student and his or her family during the FASFA filing process.

Family Financial Responsibility: Many schools award institutional scholarships and grants based upon a more comprehensive calculation of family financial circumstances using information provided on the CSS PROFILE or the College’s own financial aid form. This can result in a higher (or lower) financial responsibility for the student (and his/her family) than the FAFSA might indicate with its Expected Family Contribution (EFC) estimate.

Federal Pell Grant: A grant provided by the federal government to qualified undergraduate students who demonstrate exceptional financial need and have an Expected Family Contribution below a threshold designated annually by the U.S. Department of Education, based on the amount of program funds appropriated by Congress.

Federal Supplemental Educational Opportunity Grant (FSEOG): A grant provided by the federal government to qualified undergraduate students who demonstrate exceptional financial need. Priority is given to Pell Grant recipients and funds must be awarded by the school in lowest EFC order.

Federal Work-Study (FWS): A program that provides part-time employment to students attending institutions of higher education who need the earnings to help meet their costs of postsecondary education and encourages students receiving FWS assistance to participate in community service activities.

Gift Aid: Funds awarded to the student that do not have to be repaid, unless the student fails to meet certain terms, such as a service requirement, specified as a condition of the grant. Gift aid includes awards with titles such as grants, scholarships, remissions, waivers, etc. Gift aid can be awarded based upon many factors, including (but not limited to) financial need, academic excellence, athletic, musical, and theatrical talent, affiliation with various groups, or career aspirations.

Grant: Gift aid awarded to the student that does not need to be repaid. Grants are typically based on financial need.

Indirect Costs: Expenses incurred as a result of attendance that the student/family may pay to a third party (merchant, landlord, etc.) other than the college.

Master Promissory Note (MPN): The binding legal document you sign to receive a student loan. It lists the terms under which you are borrowing & the repayment terms to which you are agreeing. You should read & keep a copy of this document for your records.

Net Cost: Amount of direct and indirect costs remaining after all gift aid (scholarship and grant) is subtracted.

Out-of-pocket Cost: Difference between the cost of attendance and all gift aid. Out-of-pocket cost can be covered through a variety of sources, including: savings, income and educational loans.

Payment Plan:
The option to pay Lourdes University charges for fall & spring semesters in installments.

Package:
The total combination of scholarships, grants, work-study & loans offered to you.

Scholarship: Gift aid awarded to the student that does not need to be repaid. Scholarship awards are typically based on merit or a combination of merit and need, such as academic excellence, talent, affiliation with various groups, or career aspirations.

Self-help: Financial aid in the form of loans or student employment. Loans are used to help pay the remaining net costs after gift aid is deducted. Student employment earnings (including Work-Study awards) are generally not deducted from billed costs but can be used to help cover indirect costs and are paid in the form of wages to the student.

Verification: Process to confirm the accuracy of data provided by the applicant on the FAFSA. In order to complete the verification process, students are required to provide certain documents to the school for review.

GENERAL INFORMATION

What if I have changes in my financial circumstances or other extenuating circumstances?

Lourdes University recognizes that an unexpected change in family income or an unplanned expense can have a direct impact on your ability to attend Lourdes University. For specific information on usual types of special circumstances, refer to Lourdes Special Conditions Appeal Form. If you feel you have extenuating circumstances that could affect you or your family’s ability to pay for your education, contact the Financial Aid Office to discuss the situation. If it is determined that a review of your eligibility is warranted, you must submit a Special Conditions Appeal Letter with any appropriate supporting documentation explaining the situation. Please keep in mind that an approval of Special Conditions does not always increase your eligibility for additional assistance.

What is verification?

Verification is the process schools use to review a student’s Free Application for Federal Student Aid (FAFSA) for accuracy. This is accomplished by collecting and comparing documents used to complete the FAFSA. The federal government randomly selects applicants for the verification process. Lourdes University may select additional students for verification.

If you are selected for verification, the Financial Aid Office sends you a notification explaining what additional documents are needed, including Tax Return transcripts and W2 forms. Once you have submitted all required documentation, your file will be reviewed. If our office has additional questions, we may contact you for further information. Based on the review of your information, our office will make the necessary corrections to your FAFSA. Your award is considered an estimated award until the verification process is complete.

It is the student’s responsibility to reply to our requests for information. We are unable to disburse any financial aid until all documents have been received and reviewed. Failure to respond to our requests will result in a delay in processing financial aid and possible loss of certain types of aid.

What is the Satisfactory Academic Progress Policy?

Federal regulations require Lourdes University to establish and implement a policy to measure if a financial assistance applicant is making satisfactory progress toward a degree or certificate. Satisfactory academic progress is measured by evaluating three criteria:

• Qualitative Progress (GPA Requirement)
• Quantitative Progress (Quantity of Work Completed)
• Progress toward your degree (Program Completion Requirements) These criteria evaluate: the quality and quantity of the academic work you complete and progress toward completion of your academic program. The satisfactory academic progress requirements listed below are minimum standards. Students are encouraged to exceed all of the requirements whenever possible.
  Recipients of federal student aid are expected to meet the Lourdes University Satisfactory Academic Progress Criteria. Failure to do so may result in denial of federal financial aid funds. Briefly, the policy requires that aid recipients satisfactorily complete a percentage of courses attempted, complete a degree program in a reasonable amount of time, and achieve and maintain a cumulative grade point average of 2.0 or higher after four semesters of attendance.

A formal review of each recipient’s academic transcript for the entire time the individual has been enrolled at Lourdes University is conducted at least once per year.

Please see the Lourdes University Satisfactory Academic Progress Policy for complete details.

Programs Governed by this Policy
Funds affected by this policy include all applicable federal, state, and college administered funds including but not limited to Federal Pell Grant, Federal Supplemental Education Opportunity Grant (SEOG), Federal Perkins Loan, Federal Direct Stafford Loans, Federal Direct Parent Loan for Undergraduate Students (PLUS), Federal Work Study, State Scholarship and Grant programs, all scholarships administered and/or provided by Lourdes University.

Minimum Cumulative Credit Hours Completion
Financial aid recipients must satisfactorily complete a minimum standard of cumulative credit hours attempted. Courses are not satisfactorily completed if a grade of F, FA, I, U, DR, AU, or WD is assigned. Every semester for which a student registers is evaluated, including those in which the student did not receive federal financial aid.

Repeated Courses
Financial aid will be awarded when a student is permitted by University policy to repeat a course for credit or inclusion in grade point average calculation. Repeated courses are included in determining satisfactory academic progress.

Reinstatement of Financial Aid Eligibility
Students who do not maintain satisfactory academic progress shall lose their eligibility for financial aid and may only regain eligibility by eliminating all satisfactory progress deficiencies at their own expense or by appealing their satisfactory academic progress status.

Appeal
Students who have been denied financial aid based on this policy have the right to appeal to the Financial Aid Office. The appeal process is outlined in a letter sent to students whose aid has been terminated and is also outlined in the Policy.

What if I would like others, such as my parents, to speak to the Financial Aid Office on my behalf?

Your financial aid data is confidential and will be discussed only with you and other University offices and agencies as permitted under federal law. If you want other persons or agencies to have access to your financial aid information, you must complete a Release of Information Statement (PDF) to be kept on file by the Registrar’s Office. The release statement is active until otherwise notified by the student.

Can I get financial aid if I study abroad?

Financial Aid is available to eligible students in an approved study abroad program. The type and amounts of aid available depend on the student’s individual eligibility. For more information contact the Advising Office and request to speak with the Study Abroad Advisor.

Financial Aid Guide

TYPES OF AID

Grants

Grants are considered gift aid and do not need to be repaid. They are usually determined by the FAFSA (Free Application for Federal Student Aid). Visit our Grants page to learn more!

Loans

Borrowing student loans can be viewed as an investment in one’s future to help you obtain your degree. Please also remember to borrow wisely as all borrowed loan funds must be repaid. Direct PLUS Loans and Private Loans are other options which can be pursued if students need additional funds to help cover their educational costs. Refer to Loans to learn more!

Scholarships

Scholarships can come from a variety of different resources, and do not need to be repaid. They can be based on merit (GPA), financial need, program of study, and other factors. Visit our Scholarships section to learn more!

Federal Work Study

FWS (federal work study) is a source of federally funded, need-based financial aid whereby eligible students can search for and obtain a job working on or off campus at a pre-determined FWS location.

AWARDING

What is Expected Family Contribution (EFC)?

Your Expected Family Contribution (EFC) is based on the data you provided on your Free Application for Federal Student Aid (FAFSA). It is the amount that the U.S. Department of Education calculates that you (and your spouse or parents, if applicable) should be able to contribute to your education that academic year. It also determines your eligibility for federal and state grants. A federally mandated formula considers your (and your spouse’s or parents’, if applicable) taxable and nontaxable income, taxes paid, assets, household size, and number of family members in college.

How is my eligibility for student financial aid calculated?

Financial Need: Your financial need is the amount that remains after your EFC is subtracted from the estimated cost of attendance. If the resulting calculation is a positive figure, then you are considered to have financial need. Lourdes University will attempt to package up to the full amount of your tuition based on enrollment. However, this may not always be possible due to your specific financial need, as determined by the results of your FAFSA. If your EFC is higher than the estimated cost of attendance, you are not eligible for need-based aid, but you may qualify for other types of non-need based aid.

What is the cost of attendance for one year at Lourdes University?

Estimated Costs: Calculating your eligibility for financial aid begins with determining your cost of attendance. Because actual costs vary from student to student, the Financial Aid Office uses average costs. Your cost of attendance is determined by calculating your anticipated place of residence (i.e., living off-campus vs. living with parent) for the award year. Your cost of attendance contains both direct and indirect educational costs. Direct costs generally include Lourdes University charges for tuition and fees. Indirect costs generally include books and supplies, transportation costs, a personal allowance, and room and board. For current Tuition costs, please see our Tuition & Fees page.

How is my financial aid packaged?

Once your financial need is determined, a financial aid package consisting of a combination of grants, scholarships, loans, or work-study is created to assist with your costs. Your financial aid package is on your Financial Aid Award or subsequent Revised Award(s). You can view the award on your Web for Students account.

Related to this process is a basic assumption of the federal student aid programs, which assumes that the student and, in the case of dependent students, the student’s parents, have first responsibility to pay for educational costs.

What could cause changes to my financial aid award?

• As required by federal, state and institutional guidelines, revision of your financial aid award may occur if:
• You were selected for verification and completion of the verification process changes your eligibility. In verification, the Financial Aid Office must check the accuracy of the data you reported on your FAFSA (see Verification above);
• Your aid was based on inaccurate information (e.g., estimated income data or incorrect grade level);
• The Financial Aid Office or another agency made an error in determining your eligibility for, or disbursement of, your financial aid;
• The amount of aid awarded to you exceeds the amount allowable under federal, state and/or institutional guidelines;
• You have not met satisfactory academic progress requirements;
• You have failed to meet enrollment, grade point average, participation, or other conditions required by a specific award;
• You have dropped classes or withdrawn from the University;

It Could Happen! Federal, state and institutional guidelines affecting financial aid programs can change during the academic year.

If your aid has been credited to your student account, when required, you will be responsible for partial or full repayment of the funds, regardless of the reason for adjustment.

What if I am receiving other forms of financial assistance?

What if I am receiving other forms of financial assistance, such as outside scholarships, AmeriCorps/VISTA, employer tuition assistance or employer reimbursement?

Students who receive any other forms of financial assistance to help pay for their education expenses must, by law, report these outside funds to Lourdes Financial Aid Office. These could include, but are not limited to, outside (non-Lourdes) scholarships, AmeriCorps/VISTA, employer tuition assistance (i.e., employer reimbursement). These amounts are used to calculate the financial aid package and may replace other self-help aid sources to ensure that a student’s financial aid package does not exceed the Cost of Attendance. Scholarships and grants that are not based on federal or state programs must be included in your financial aid package regardless of the source or method of payment (voucher, direct payment, or applied to your student account).

DISBURSEMENT & REFUNDS

What is a Master Promissory Note (MPN)?

When you receive a Federal Direct Stafford Loan (or PLUS loan) for the first time, you must complete a Master Promissory Note (MPN). The MPN is a legal document in which you promise to repay your loan and any accrued interest and fees to the Department of Education. It also explains the terms and conditions of your loan. In most cases, one MPN can be used for loans that you receive over several years of study. Go to www.studentloans.gov to complete your MPN.

What is Entrance Counseling?

Before Lourdes can disburse Federal Direct Stafford Subsidized or Unsubsidized Loans, regulations require that you complete an entrance counseling session. The counseling session provides information about how to manage your student loans, both during and after college. Go to www.studentloans.gov to complete entrance counseling.

When will my financial aid disburse and when will I receive a refund, if eligible?

The financial aid process must be complete before aid can disburse.

PLEASE NOTE: Federal Direct Stafford Loans are applied to tuition and fees charges first.

• Only Federal Direct Stafford Loans can be applied to your student account charges before the Freeze date of each semester. If you are a federal student loan recipient, your Federal Direct Stafford Loan may be applied to your account (no earlier than) 10 days prior to the start of the semester, and only if your financial aid process is completed in time. If your Federal Direct Stafford Loan is disbursed prior to the start of the semester, and if the disbursed amount (by itself) is greater than your student account charges, you may then receive a refund from the Student Accounts Office in the amount of the credit balance. View your student account at the Lourdes Portal to see if your “manual refund” has been processed. Checks are usually available 3-4 days after your “manual refund” has been processed.
• All other aid (grants, scholarships, Perkins loans, waivers, etc.) will be applied to your account (if all requirements have been met) after the Freeze date, when your enrollment has been confirmed and all applicable charges, including book vouchers, have been added. Refunds, due to the payment of other aid, are processed by the Student Accounts Office if your aid is greater than your student charges. Your refund will not be available until 7-10 business days after the Freeze date. Again you can View your student account at the Lourdes Portal to see if your “manual refund” has been processed. Checks are usually available 3-4 days after your “manual refund” has been processed.

The Ohio College Opportunity Grant is disbursed after funds are received from the State. This will be after the Freeze date, and it could be after all your other aid has disbursed, depending on when you show up on the state roster.

What if I do not have enough financial aid to cover my bill?

If your aid is not enough to cover all charges, you must pay the balance in the Cashier’s Office or make payment arrangements with Student Accounts. Contact the Student Accounts Office regarding the installment payment plan and other payment arrangements.

How do I get a book voucher?

If you have completed the financial aid process and are expecting to receive a refund, you may be eligible to receive a book voucher. Book vouchers are issued by Student Accounts for up to $800 depending on your major and expected refund amount. Book vouchers can be used only at Lourdes online bookstore, and in most cases expire on Freeze Date. Bookstore charges will be deducted from your anticipated refund. If you elect to rent materials, you must provide credit card information in case those rented items are not returned.

Remember to be considered for a book voucher you must:

• Have the financial aid process completed at Lourdes. This includes the FAFSA and any documents requested by Lourdes Financial Aid Office (FAO). The FAO notifies students of required documents either by mail, email, or on the portal at “Web for Students.”
• In addition to the above two items, Transfer students must have all aid cancelled at their previous school. Contact the school you attended to ensure this is completed. You cannot receive federal and state aid from more than one school at a time – It’s the Law!

ENROLLMENT

What is the Financial Aid Freeze Date?

Prior to the Financial Aid Freeze Date, you must be registered and in-attendance for all the courses in the applicable semester that you wish to use financial aid. At the Financial Aid Freeze, aid is reviewed and adjusted, if required, based on enrollment as of the last day to add or drop at 100% refund. On the Freeze Date and beyond, adding a class will not change financial aid. Therefore, for all summer sessions and part of term sessions (e.g. Q session) students must be registered prior to the Financial Aid Freeze Date to be considered for aid for those classes.

Enrollment changes must be completed with your advisor prior to the Freeze Date for the applicable term.

For courses that do not start until later in the semester (part-of-term), you must be registered for the course(s) if you wish to receive aid for it. If you register for a part-of-term course, receive aid based on that enrollment, and then do not attend, your aid will be adjusted and you may end up owing the University money. If you are not enrolled for a course prior to the freeze date, and later register for a part-of-term course, you will NOT receive financial aid for it. NOTE: Anytime your aid is changed you will be notified through the Award Letter process.

• Summer Session and Accelerated Schedule refund information is available in the Student Accounts Office.
• Verification of Drop/Withdrawal must be on file in the Registrar’s Office. Contact your advisor or the Registrar for proper procedure to follow.
• Information regarding the federal government’s policy for return of Title IV Federal Student Aid (if applicable) is available in the Student Accounts Office. If you have questions or wish to receive a copy of the Title IV refund policy, the Student Accounts Office can be reached at (419) 824-3696 or (800) 878-3210, ext. 3696.

What are the enrollment requirements to receive my financial aid?

You are expected to participate in the classes in which you enroll, and to complete all course requirements. If you do not, your aid may be reduced or cancelled, and you may be required to repay funds provided to you. If it is necessary for you to cancel or discontinue your enrollment in a course(s), it is your responsibility to follow all official University procedures. Consult with your academic advisor for specific instructions. Minimum enrollment requirements for several of the major aid programs are described below.

What happens if I withdraw from a class?

Because changes to your class schedule can have a dramatic effect on your aid eligibility, it is crucial that you meet with your academic advisor and consult with the Student Accounts Office and Financial Aid Office to consider all implications of making such a decision before you drop any of your classes or withdraw from all of your classes. Withdrawing from a class (or classes) can affect your financial aid, and you could owe the University money.

Additionally, if you are receiving financial aid, dropping classes or withdrawing from all classes may also affect your satisfactory academic progress* for financial aid in the future. This could result in an adjustment or cancellation of your federal financial aid awards for future periods of enrollment. (*See the Satisfactory Academic Progress section of the FAQs for more information.)

What happens if I completely withdraw or stop attending during a semester?

When you reduce your enrollment to zero credit hours, you have withdrawn from Lourdes University. If you withdraw, federal regulations require the University to determine if any portion of your financial aid, including financial aid funds applied to your account, is refundable and which portion of any refund needs to be returned to the financial aid programs from which you received assistance. Contact your Academic Advisor or the Registrar to Withdraw.

Calculating refunds depends on several factors. To begin, your date of withdrawal must be established. Instructions for completing the withdrawal process can be found in the Lourdes University Catalog and by consulting with your academic advisor. If you complete the official withdrawal process, the refund calculation will be based on the date your withdrawal activity is recorded by the University. If you do not officially withdraw, but it is determined that you stopped participating in all of your classes, the refund calculation will be based on either the date reported by your instructor(s) as your last date of participation, or the last date for which there is evidence that you were still participating in class, e.g., completed an assignment, took an exam, etc. Federal law specifies how Lourdes University must determine the amount of federal program assistance that you earn if you withdraw. When you withdraw during a semester, the law requires the Financial Aid Office to use the Title IV Return of Funds calculation to determine the amount of aid you have earned up to your withdrawal date.

Lourdes University and the student are both responsible for returning unearned federal financial aid to the appropriate programs. The University must return the lesser of 1) the total amount of unearned aid, or 2) your institutional charges multiplied by the unearned percentage. The student must return any remaining unearned aid not returned by Lourdes University. Any loan funds that you must return will be repaid in accordance with the terms of the promissory note. That is, you make scheduled payments to the holder of the loan over a period of time.

You will be billed for any amount due to Lourdes University resulting from the return of federal aid funds used to cover tuition and fees. Additional information regarding the refund policy and the calculation used to determine the amount of earned and unearned federal aid is available by contacting the Financial Aid Office.

RETURN OF FEDERAL AID – IF YOU WITHDRAW OR JUST STOP ATTENDING
Lourdes University students who receive federal financial aid and do not complete their classes may be responsible to repay a portion of the aid received according to federal law. The Financial Aid Office (FAO) is supplying the following information to help you better understand what could happen if you withdraw or stop attending classes before the end of the enrollment period.

What is the law?
As part of the Higher Education Amendments of 1998, Congress passed new regulations governing what must happen to your federal financial aid if you completely withdraw from your courses during the enrollment period. The Lourdes University Financial Aid Office must calculate how much federal financial aid you have earned if you withdraw or stop attending before completing 60% of the enrollment period. Federal financial aid covered under this regulation includes the Federal Pell Grant, Federal SEOG, Federal Direct Stafford Subsidized Loan, Federal Direct Stafford Unsubsidized Loan, Federal Perkins Loan, Federal Direct Parent Loan for Undergraduate Students (PLUS), and TEACH.

Who does this regulation apply to?
This regulation applies to students who receive federal financial aid and who withdraw or stop attending classes before completing 60% of the enrollment period.

How the financial aid you earn is calculated?
If you receive federal financial aid you must “earn” the aid received by staying enrolled in school. The amount of federal financial aid assistance you earn is determined on a pro-rated basis. If you withdraw or stop attending classes during the enrollment period, you may be required to return some of the financial aid you were awarded. For example, if you complete 30% of the semester, you earn 30% of the aid you originally were scheduled to receive. This means that 70% of your scheduled awards remain unearned and must be returned to the federal government.

If you would like to see the detailed formula that explains the refund calculation, please visit the Financial Aid Office and request a copy of the Return to Title IV Worksheet.

What is the withdrawal date?
When you reduce your enrollment to zero credit hours after the Freeze Date, you have withdrawn from Lourdes University. Instructions for completing the withdrawal process can be found on the Academics page of the Lourdes University website or by consulting with your academic advisor or the Registrar. If you complete the official withdrawal process, the refund calculation will be based on the date your withdrawal activity is recorded in the Lourdes University computer system by your academic advisor. If you do not officially withdraw, but it is determined that you stopped participating in all of your classes, the calculation is based on either the date reported by your instructor(s) as your last date of participation or the last date for which the instructor(s) determines that there is evidence that you were still participating in class, e.g., completed an assignment, took an exam, etc.

When should I withdraw?
The timing of your decision to withdraw should not be based on the impact to your financial aid. You should contact your Academic Advisor and/or Instructor to discuss the reason(s) for your decision to withdraw as well as the academic consequences of your decision. Any required adjustments to your financial aid will be based on the withdrawal date as described above. The Financial Aid Office cannot perform the withdrawal calculations until your withdrawal date is determined by your academic advisor. There is a deadline each semester by which you must be withdrawn in order to avoid being assigned a grade. Check with your advisor for that date.

Who returns the unearned funds?
Lourdes University and the student are both responsible for returning unearned funds to the appropriate programs in specific loan/grant order.  Amounts that must be returned will first be applied to federal loans and then to grants. Loan borrowers will be permitted to repay loans based on the terms of the promissory note.

The student will also be billed for any amount due to Lourdes University resulting from Lourdes University’s return of federal aid funds. For example, if Lourdes University is required to return federal aid which was used to pay a portion of your charges for the enrollment period, you are required to pay Lourdes for the unpaid portion of the charges.

How do I repay unearned funds?
If you owe any money to Lourdes University resulting from the return of federal funds, you will receive a bill from the Lourdes University Student Accounts Office.

For all outstanding charges owed to Lourdes University, you must make payment arrangements with the Student Accounts Office, (419) 824-3696. Loan repayment arrangements may be made by contacting the Direct Loan Servicing Center at 1-800-848-0979.

What happens if I don’t repay?
If you do not repay Lourdes University for the charges resulting from the federal refund policy, your records will be placed on financial hold. This means you will not be permitted to register for classes or receive transcripts until the balance is paid. Outstanding balances due to Lourdes University can also result in collection agency action and negative credit bureau reporting.

Does withdrawing affect my ability to receive financial aid in the future?
To encourage the completion of degree/certificate programs within a reasonable time frame and to comply with federal requirements, financial aid recipients must maintain satisfactory academic progress as a condition for receiving financial aid. Satisfactory academic progress requires financial aid recipients to do the following:

• Meet minimum cumulative grade point average of at least a 2.0.
• Meet a minimum completion rate of credit hours attempted.
• Complete the degree/certificate program before attempting over 150% of the required credit hours for the program.

Financial aid recipients who do not meet these conditions will lose their financial aid eligibility. Therefore, withdrawing may affect the status of your satisfactory academic progress. Please see Lourdes’ Satisfactory Academic Progress Policy.

FEDERAL/STATE GRANTS

Grants are considered gift aid and do not need to be repaid. In order to determine if you are eligible for grants you must file the Free Application for Federal Student Aid (FAFSA).

Pell Grant
Pell is a federal grant awarded to undergraduate students on the basis of financial need, which is determined by the FAFSA. The amount of the grant amount is based on your Expected Family Contribution (EFC) and number of credit hours enrolled.

Supplemental Educational Opportunity Grant (SEOG)
SEOG is a federal grant awarded to undergraduate students on the basis of financial need. Unlike the Pell Grant, however, SEOG is distributed by the school on a first come, first served basis. The amount awarded amount is based on eligibility of the Pell Grant and number of credit hours enrolled.

Ohio College Opportunity Grant (OCOG)
OCOG is the state grant awarded to undergraduate students by the state of Ohio. In order to receive this grant a student must be a legal Ohio resident for at least one year, and demonstrate financial need on the FAFSA. The amount awarded is based on the number of credit hours enrolled.

Note: The Lourdes University Supplemental Ohio College Opportunity Grant is an institutional grant provided by Lourdes University to students who will receive the Ohio College Opportunity Grant (OCOG). Due to the COVID-19 disruption and the decrease in state revenues, the original projected OCOG grant has been reduced by $500 per student grant. Lourdes University created the Supplemental Ohio College Opportunity Grant to supplement the lost OCOG funds because we realize the economic challenges faced in these times. If you have any questions about this, please contact the financial aid office at 419-824-3732 or finaid@lourdes.edu.

TEACH Grant
The Teacher Education Assistance for College and Higher Education (TEACH) Grant Program provides grants for graduate and undergraduate students. The TEACH grant is for students who intend to teach full-time in high-need subject areas for at least four years at schools that serve students from low-income families.

FEDERAL WORK STUDY PROGRAM

Students who demonstrate financial need based on their Free Application for Federal Student Aid (FAFSA) may be eligible for Federal Work Study (FWS). Obtaining an FWS position is very competitive at Lourdes University.
Important facts about FWS:

• The funds come directly to you in the form of a paycheck. They are not applied to your bill
• A work study position is not guaranteed. As the student you are responsible for searching for and obtaining employment
• In order to work as a federal work study student you must be enrolled at Lourdes University. If, for example you attend classes and have an FWS position for fall, but are not attending spring semester, you cannot work as an FWS in spring
• If you don’t see any positions posted, don’t get discouraged! Check back regularly as jobs are posted on a continual basis

What is Federal Work-Study?
Am I eligible for Federal Work Study?

Available Positions
Federal Work Study jobs and other employment opportunities will be listed on Handshake:

1. Go to https://app.joinhandshake.com/login.
2. Sign in using your Lourdes User Name and Password
3. Click on “Jobs”
4. Filter On Campus Jobs
5. Click “Apply”
6. Attach your resume and complete the Work Authorization (If you do not have a resume email career@lourdes.edu to set up an appointment).
7. Click “Submit Application”.

If you have questions, please contact the Career Services Office.

Forms

PAYMENT OPTION FORM – COMING SOON FOR FALL 2024 ENROLLMENT
PAYMENT PLAN FORM – COMING SOON FOR FALL 2024 ENROLLMENT

Verification

Due to changes in the federal verification process, please review the following information carefully prior to submitting any documents for the upcoming academic year. Find out more about why you were selected and how to streamline the process by going to the Financial Aid FAQ page and reading the information in the What is Verification? tab.

Be aware that documents required for verification are now individual to each student. Do not complete the verification process prior to receiving notice from the Financial Aid Office. Prior to receiving campus email access, new students will receive a paper notice of required documents. Continuing students can view required documents through the financial aid links in Web Self Service. When you are completing verification, review your requirements list to determine which forms and documents you will need to submit. Only submit the documents requested.

These forms must be printed, fully completed and signed by student (and parent, if student is dependent for financial aid), and returned to the Financial Aid Office along with any required documentation. Instructions are included on the form or worksheet below. Lourdes University offers LiquidFiles to submit tax documents, W2s or other documents with personally identifiable information. LiquidFiles is a free, secure method to upload your documents. No account or registration needed. Just click here and upload.

If students are selected for V4 or V5 verification, please complete the Verification Worksheet along with the appropriate attachment.

Links

DIRECT STAFFORD LOANS AND DIRECT PLUS (PARENT LOAN) LINKS

• Direct Stafford Repayment Plans, Loan Forgiveness
• PLUS Repayment and Deferment
• Consolidation
• Defaulted Student Loan

U.S. DEPARTMENT OF EDUCATION LINKS

• FAFSA (Free Application for Federal Student Aid)
• FSA ID
• NSLDS (The National Student Loan Data System
• Department of Education

OTHER RESOURCES FOR STUDENTS AND PARENTS

• FinAid
• NASFAA: The National Association of Student Financial Aid Administrators
• CashCourse
• Financial Aid Guide

2024-2025 FORMS

Verification

Independent Verification 1
Independent Verification 4
Independent Verification 5

Dependent Verification 1
Dependent Verification 4
Dependent Verification 5

Dependency

Dependency Override Appeal
Dependency Override Renewal

Other

Special Conditions
Satisfactory Academic Progress
Unusual Enrollment History

2023-24 FORMS

Verification

Independent Verification 1
Independent Verification 4
Independent Verification 5

Dependent Verification 1
Dependent Verification 4
Dependent Verification 5

Dependency

Dependency Override Appeal
Dependency Override Renewal

Other

Special Conditions
Satisfactory Academic Progress
Unusual Enrollment History

Need help filing your FAFSA (Free Application for Federal Student Aid)? Lourdes University offers free FAFSA Completion events. Students who need help filling out their FAFSA can sign up for a 1-hour meeting with the Lourdes University Financial Aid team and receive personalized assistance.

Tuesday, February 20, 2024
3:00 PM until 5:00 PM
Register: https://apply.lourdes.edu/register/FAFSAcompletion

Tuesday, March 12, 2024
3:00 PM until 5:00 PM
Register: https://apply.lourdes.edu/register/FAFSAcompletionMarch12

For more information, contact a Lourdes University Financial Aid Team member at (419) 824-3732 or finaid@lourdes.edu.

BY THE FIRST DAY OF CLASSES, STUDENTS ARE REQUIRED TO:

• Accept their financial aid and complete all financial aid requirements
• Pay their balance in full or set up a payment plan

PAYMENT OPTIONS

Lourdes University offers three payment options. Students must complete one of these three payment options by the first day of class:

• Have enough financial aid posted and accepted to cover billed charges.
• Payment in full of any outstanding balance after aid is applied.
• Enroll in a payment plan for any outstanding balance after aid is applied.

ACCEPTING FINANCIAL AID AWARDS

Is an athletics or merit scholarship missing from your bill? Are student loans you need not listed?

If you don’t see financial aid you expected to see on your bill, it may be because you have not accepted all of your financial aid. Follow these steps to be sure all of your aid shows on your bill:

1. Sign into the Lourdes portal at: https://mymaillourdes.sharepoint.com/sites/luportal
2. Select Student Web Self Service.
3. Select My Financial Aid.
4. Select Award Letter.
5. Select the 2023-24 Academic Year.
6. Select Review Award Details.
   NOTE: Even if “complete” appears, continue to next step.
7. Select which awards you want to accept and choose select all. If you wish to decline any awards, select those and choose decline all.

BE SURE TO COMPLETE ALL FINANCIAL AID REQUIREMENTS.

Follow these steps to see if there are any requirements to receive your financial aid:

1. Sign into the Lourdes portal at: https://mymaillourdes.sharepoint.com/sites/luportal
2. Select Student Web Self Service.
3. Select My Documents.
4. Complete any showing as requested or required.

You must complete any requirements to receive your financial aid, including accepting financial aid; completing aid requirements, including entrance counseling, master promissory note and verification as required; and signing the financial agreement.

VIEWING YOUR STUDENT BILL

1. Sign into the Lourdes Portal at: https://mymaillourdes.sharepoint.com/sites/luportal.
2. Select Student Web Self Service.
3. Select My Finances.
4. Select Account Information and then select your current program version. (It should be the version with a balance if you have not paid your bill).
5. Select Registration Bill.
6. Select the term you wish to access your bill for and then select Search.
7. Select the PDF called Student’s Registration Bill. (A PDF will generate and open in a new window.)
8. The bill will show total charges, total financial aid, and any payments you previously made.
   NOTE:  Only financial aid that has been accepted will show on the bill. If you have not accepted your financial aid, it will not show. Please accept all aid to have a correct billing statement. The amount showing under Account Information won’t change until financial aid is actually distributed to students after classes begin.

PAYMENT PLANS

Lourdes offers an interest-free way to divide your semester balance into monthly payments.

To set up a payment plan, please contact studentaccounts@lourdes.edu or call (419) 517-8444.

MAKING A ONE-TIME PAYMENT

Want to make a one-time payment?

Parents, Alumni and other payers may visit the following link to make a one-time payment. If you need any help, please contact the Student Accounts office at studentaccounts@lourdes.edu or call (419) 517-8444.

Students may set up authorized users to view their billing information and or their student bill on their behalf. Please note that, in accordance with FERPA, this does not allow the authorized user to view the student’s academic records, course schedule, or other personal information. Authorized users may view student account activity, make payments, and set up payment plans. Parents, Alums, and other payers may visit the following link to sign up for a payment plan or make a one-time payment. If you have not received a username, please contact the Student Accounts office at studentaccounts@lourdes.edu or call (419) 517-8444.

INTERNATIONAL PAYMENTS

Students wishing to make a payment from a bank outside of the United States may do so through their Online Payment Center via our partnership with TransferMate. When making a one-time payment, choose the “TransferMate INTL” option and follow the prompts to complete your transaction. Using TransferMate, you can pay your tuition and fees in your local currently from nearly any country. For additional information on how to log in to make an international payment, please watch this video or download step-by-step instructions. 

Students may also pay their balance using PayMyTuition at the following link https://www.paymytuition.com/paynow/lourdes.

FINANCIAL HOLDS

Students who do NOT complete one of the three payment options will be subject to a financial hold that will not allow registration for classes for subsequent semesters until any balance is paid. In addition, students may be subject to restriction on participation in co-curricular activities, including Athletics; and administrative withdrawal from classes.

Any student with a past-due account balance will have a financial hold applied to the student’s account and will not be able to register for classes for subsequent semesters. No transcripts or other official documents will be provided until the balance is paid.

Student bills are updated each month and are available in electronic format.

WHY PAY MONTHLY?

Your investment in education increases dramatically when you rely on loans or other interest-bearing options. Paying as much as possible from current income and savings is an easy way to minimize that debt, especially if you can spread those payments over several months.

With the payment plan, you borrow less, and that saves you money on interest and could significantly reduce your post-graduation debt.

BENEFITS OF THE PAYMENT PLAN OPTION

• Allows you to break down your yearly education expenses into easy-to-manage installments rather than one lump-sum payment
• Automatic payments make it simple and convenient
• Lower overall education costs
• The payment plan is not a loan, so there are no interest payments
• It is the debt-free way to spread tuition payments over a number of months

METHODS OF PAYMENT

Whether you select the pay all-at-once or payment plan option, Lourdes offers three convenient payment methods.

• Online payments made with a credit card or electronic check
• Automatic payments from your checking or savings account
• Mailing or bringing checks made payable to Lourdes University Student Accounts

WHAT ARE THE FEES AND CHARGES FOR THE PAYMENT PLAN?

• There is a modest one-time $50 fee to enroll or re-enroll in the payment plan.
• A fee of $30 will be charged for any insufficient fund transactions. In addition, a fee of $30 will be assessed for late payments.
• If a student fails to pay two payment plan installments, enrollment in the payment plan will be terminated. Any remaining balance will be due in full immediately.

WHAT METHODS CAN I USE TO MAKE INTERNATIONAL PAYMENTS?

Students have two options to make international payments:

• PayMyTution – Students may pay their balance using the following link: https://www.paymytuition.com/paynow/lourdes.
• TransferMate – see FAQs below.

WHO CAN I CONTACT FOR ASSISTANCE?

For transaction-specific questions, contact TransferMate via Skype, Live Chat, Email or Phone. Details here.

For questions relating to your student payment center, contact the Student Accounts office at studentaccounts@lourdes.edu or call (419) 517-8444.

WILL I BE CHARGED FOR USING THIS SERVICE?

All international payments made through TransferMate are completely free of charge, although you may be charged by your bank for making a local transaction. Domestic transactions are subject to a $20 fee to cover costs.

WHY DO I NEED TO PROVIDE IDENTIFICATION?

By law, TransferMate is required to identify the person transferring funds to their bank account. Your identification will ensure that you and Lourdes University are protected against money laundering attempts.

HOW WILL I KNOW MY PAYMENT HAS BEEN SUCCESSFUL?

Once your payment has been received, the pending payment will be removed and the transaction will be added to the payment history in your student account center. Additionally, you will receive an email confirming that your payment was successful.

HOW LONG DOES A TRANSACTION TAKE?

Once TransferMate has received your payment into the local bank account, TransferMate sends your payment the same day to Lourdes University. These payments are generally received the same day if they are received by TransferMate before 2pm GMT.

WHEN WILL MY PAYMENT BE POSTED TO MY STUDENT ACCOUNT?

Your payments will automatically be posted to your student account within 24-48 hours from payment completion.

WHERE ARE TRANSFERMATE PAYMENTS SHOWN IN MY STUDENT ACCOUNT? 

When the student registers the payment, it is displayed on the home page as a Pending Alternate Payment Method. Once the payment is made, and funds are confirmed by TransferMate, the student account is updated and can be seen in the Payment and Account History.

WITHDRAWALS/REFUNDS

If a student withdraws	Tuition & Fees Charged	Tuition & Fees Refunded
Before freeze date	0%	100%
After freeze date	100%	0%

 

Room and Board charges may be prorated.

Students who discontinue class attendance without officially notifying the Registrar during the refund period will be responsible for the full amount of tuition.

Students must complete in writing an add/drop form (available from your advisor) and submit it to the Registrar’s Office. Mere cessation of attendance does not constitute official withdrawal and may also have an adverse effect on any financial aid received. Federal regulations require the Office of Financial Aid to apply a formula established by the U.S. Department of Education to determine the amount of Federal financial aid a Student may have earned as of the date the student begins the withdrawal process. The amount of Federal financial aid returned to federal aid programs is determined by the amount of time the Student spent in academic attendance, but has no relationship to the institutional charges incurred by the Student. Students who stop attending classes may be reported for failure to attend at the end of the semester; the last date of attendance is used to determine the amount of money that needs to be returned. This becomes a debt to Lourdes University, which will be forwarded to a collection agency if satisfactory payment arrangements are not made with the Student Accounts Office.

Please consult with an advisor in the Office of Financial Aid before you officially change your enrollment status or withdraw from the College, as your financial aid may be impacted by any status changes.

FREEZE DATE INFORMATION

Fall 2023: September 1^st

Spring 2024: Jan 22^nd

Summer 2024: May 17^th

• Summer Session and Accelerated Schedule refund information is available in the Student Accounts Office.
• Verification of Drop/Withdrawal must be on file in the Registrar’s Office. Contact your advisor or the Registrar for proper procedure to follow.
• Information regarding the federal government’s policy for Return of Title IV Federal Student Aid (if applicable) is available in the Student Accounts Office. If you have questions or wish to receive a copy of the Title IV refund policy, the Student Accounts Office can be reached at (419) 824-3696 or (800) 878-3210, ext. 3696.

DISBURSEMENT OF AID

Disbursement of Financial Aid, with the exception of loans, is made to a student’s account following the freeze date. If a student’s aid exceeds the charges for the semester, a credit balance occurs. If Federal Student Aid disbursements to a student’s account result in a credit balance, all credit balances will be paid directly to the student or parent as soon as possible but no later than 14 days after the balance occurs. All refunds are issued by check unless the student has enrolled in Direct Deposit. Direct Deposit forms are available in the Student Accounts office.

PAYING FOR YOUR EDUCATION

Lourdes University offers three payment options. Students must complete one of these three payment options by the first day of class:

• Have enough financial aid posted and accepted to cover billed charges.
• Payment in full of any outstanding balance after aid is applied.
• Enroll in a payment plan.

RETURN OF TITLE IV AID (R2T4) POLICY

SATISFACTORY ACADEMIC PROGRESS POLICY

SPECIAL CONDITIONS APPEAL

In some instances the information you are required to report on your FAFSA, such as your previous year’s income, does not accurately reflect your current financial situation. The Department of Education allows a school to take these changes into consideration through a process called a special conditions (or special circumstances).

Below are a few common examples for which a special conditions appeal may be considered:

• Change in employment status (student or parent)
• Medical Expenses not covered by insurance
• Change in parent marital status
• Unusual dependent care expenses
• Student is unable to obtain parent information for the FAFSA

This is not a complete list. If you think you may have cause for a special conditions appeal, please contact the Lourdes FAO (Financial Aid Office).

• Every special conditions appeal has certain general requirements. They are outlined below.
• Letter of request stating why you would like a special conditions appeal to be processed
• Verification documentation
• Additional documents that support your case for a special conditions appeal. The Financial Aid Office will inform you of what information they will require.

The University is responsible for reviewing and approving/denying special conditions appeals. The decision made by the University is not appealable to the Department of Education.

If you would like more information about special conditions appeals please contact the Financial Aid Office.

DEPENDENCY OVERRIDE APPEAL

The Higher Education Act allows a financial aid administrator to make dependency overrides on a case-by-case basis for students with unusual circumstances. According to the U.S. Department of Education, unusual circumstances can include: an abusive family environment, (such as drugs, alcohol, or violence), or abandonment by parents. It is our policy to make an adjustment of a student’s dependency status in only extreme situations. The basic premise of federal financial aid is that the student and family have the primary obligation to finance a college education. Lourdes University supports this premise and the current federal definition of a dependent student.

The University is responsible for reviewing and approving/denying dependency override appeals. The decision made by the University is not appealable to the Department of Education.

If you would like more information about dependency override appeals, please contact the Financial Aid Office.

STUDENT LOAN CODE OF CONDUCT

Description listed under Financial Aid FAQS tab on this page.

Educational loans help many students cover some of their educational costs at Lourdes University. The Lourdes Financial Aid Office offers the maximum amount of Federal Direct Stafford Loans to all students who file a FAFSA and are otherwise eligible.

Borrowing student loans can be viewed as an investment in one’s future to help you obtain your degree. Please also remember to borrow wisely as all borrowed loan funds must be repaid.

Direct PLUS Loans and Private Loans are other options which can be pursued if students need additional funds to help cover their educational costs.

STUDENT LOAN CODE OF CONDUCT

Purpose
Lourdes recognizes that ensuring the integrity of the student financial aid process is critical to providing fair and affordable access to higher education. Therefore, Lourdes has formalized the following guiding principles that shall be effective immediately. These guidelines are designed to avoid any potential for a conflict of interest between Lourdes, and its students or their parents, in the student financial aid process. For purposes of this Code of Conduct, a “Lending Institution” is any entity (other than an institution of higher education or a governmental entity such as the U.S. Department of Education) involved in the making, holding, consolidating or processing of any student loans.

Policy

• Lourdes employees should receive no personal benefit.
  No employee or officer of Lourdes shall accept or solicit anything of more than nominal value on his or her behalf or on behalf of another person or entity from any Lending Institution. Specifically, no employee or officer of Lourdes shall accept or solicit, from any Lending Institution: (i) payment for entertainment expenses or any lodging, rental, transportation or other gratuities related to lender-sponsored activities; (ii) payments for registration, transportation or lodging at lender-sponsored conferences and trainings; (iii) invitations to serve on lender advisory boards and/or payments related to such service. Additionally, Lourdes employees and officers shall not accept or solicit, from any student loan guarantee agency: (i) payments for entertainment expenses or any lodging, rental transportation or other gratuities related to activities sponsored by the guarantee agency.
• Lourdes employees should not serve on lender advisory board for remuneration.
  No officer or employee of the institution who makes financial aid decisions for Lourdes or who is employed in, supervises or otherwise has responsibility or authority over the Lourdes’ financial aid office shall receive any remuneration for consulting services and/or serving as a member or participant of a student loan advisory board of a Lending Institution or any reimbursement of expenses for such service. Any officer or employee of Lourdes who serves as a member or participant of a Lending Institutions board shall recuse himself or herself from any board discussions regarding the institution’s financial aid operations.
• Lourdes should not provide any advantage to a Lending Institution.
  Lourdes shall not accept anything of value from any Lending Institution in exchange for any advantage or consideration provided to the Lending Institution related to its student loan activities, including but not limited to revenue-sharing, printing costs or below-cost computer hardware or software. 1) Likewise, Lourdes shall not allow any Lending Institution to: (a) staff  Lourdes’ financial aid office at any time; or (b) communicate with the Lourdes’ students or their parents in such a manner as to create the impression that the Lending Institution is an employee or agent of the institution in connection with Lourdes’ student financial aid operations, including through the use of mascots, logos, and other marks. Finally, Lourdes shall not enter into any agreement with a Lending Institution to provide alternative (i.e., private, non-federal or “opportunity”) student loan programs if the provision of such alternative loan programs prejudices other students or parents, or if the acceptance of such funds by Lourdes is conditioned on the institution providing concessions to the Lending Institution. 2) Lourdes also shall not place a Lending Institution on a Preferred Lender List for a particular type of student loan in exchange for benefits provided to Lourdes, its students or their parents in connection with a different type of loan.
• Lourdes should make appropriate use of any Preferred Lender Lists.
  Lourdes displays a list of private student lenders on FASTChoice. The lenders listed here are those that offer private alternative student loans to our students. Lourdes currently allows any lender that wishes to offer our students a private loan to include their data on our list. Inclusion on our list does not constitute an endorsement of that particular loan product over any other.

You are free to select any lender and loan option, including those not presented. Application processing will not be delayed unnecessarily if you choose a loan option not presented. Please contact a lender directly if their information is not presented here.

We maintain professional relationships with all lenders. Our officials are prohibited from accepting financial or other benefits in exchange for displaying lenders and loan options in FASTChoice. These include: receiving compensation to serve on any lender board of directors or advisory boards; accepting gifts including trips, meals, and entertainment; allowing lenders to staff our institution’s financial aid office; allowing lenders to place our institution’s name or logo on any of their products; and owning lenders’ stock (for those college officials who make loan decisions for our institution).

DIRECT LOAN ENTRANCE COUNSELING

DIRECT LOAN MPN

DIRECT PLUS LOAN MPN

PRIVATE ALTERNATIVE LOANS

Before you and your family decide to borrow from a private lender we recommend you consider scholarships, grants, and federal student loans first. To determine if you are eligible for federal and state aid file the Free Application for Federal Student Aid (FAFSA) each year.

The reasons we recommend these considerations are:

• Often a student is eligible for some types of aid that do not need to be repaid such as federal and state grants and scholarships.
• In most situations it is also possible for a student to receive some type of Federal Stafford Student Loan. Stafford loans often have better interest rates and more favorable repayment and loan forgiveness terms than private alternative loans.
• A PLUS loan may be available to your parents which also have better repayment terms and often lower interest rates.

If you would still like to apply for a private education loan at this time, please visit one or both of the following sites for a list of alternative lenders:

Note: If you are not enrolled for at least six credit hours, be sure to choose a lender that does not require you to be enrolled at least half-time.

FASTChoice – Private Loan Selection Tool

Lourdes University has a private education loan selection tool that provides basic information on private education loans and detailed listings of the various interest rates borrower benefits, fees and repayment options established by several private lenders. Learn more about FASTChoice.

FEDERAL DIRECT STUDENT STAFFORD LOAN

Federal Direct Stafford Loans are offered by the federal government to assist students in paying for their educational costs. These loans are in the student’s name, and the student is responsible for repaying them 6 months after graduation, or after dropping below half-time enrollment.  The U.S. Department of Education is the lender for the Federal Direct Stafford Loan Program.

How Do I Receive a Federal Direct Stafford Loan?

The Lourdes Financial Aid Office will automatically award Federal Direct Stafford Loans to all eligible students when a FAFSA is completed. Students must accept the loans on their Web for Students account (or return their new student award letter) in order for the loans to be processed.

• You must complete a FAFSA each year.
• You must be attending at least 6 credit hours during any semester to be eligible for Federal Direct Stafford Loan funds.
• The first time you borrow a Federal Direct Stafford Loan, you must complete Entrance Counseling and a Master Promissory Note (MPN). Your loan funds will not pay to your account until both are completed.
• Please go to www.studentloans.gov to complete both requirements. Sign in using your federal PIN. This is the same PIN you used to sign your electronic FAFSA.
• Click on “Complete Entrance Counseling” and follow the steps.
• Be sure to submit it at the end and receive confirmation that it is complete
• Move on to “Sign Master Promissory Note” and complete all items.
• Lourdes is notified that you have completed the Entrance Counseling and the Master Promissory Note. These will be kept on file and should be good until you graduate.

Federal Direct Stafford Loans can be subsidized and unsubsidized.

Federal Direct Subsidized Stafford Loans

The government pays the interest on the loan while the student is enrolled at least half-time and deferment periods.  Subsidized loans are awarded based on financial need.  This is determined by a student’s FAFSA.

Federal Direct Unsubsidized Stafford Loans

Interest begins accruing (accumulating) immediately when the loan funds are paid to Lourdes University. You can pay the interest while you are in school, and during grace periods and deferment or forbearance periods, or you can allow it to accrue and be capitalized (added to the principal amount of your loan).

How much can I borrow in Federal Direct Stafford Loans?
There are limits on the maximum amount of Federal Direct Stafford Loans you are eligible to receive each academic year (annual loan limit) and in total (aggregate loan limits).

Dependent Undergraduate Students

• $5,500 (up to $3,500 subsidized) as Freshmen
• $6,500 (up to $4,500 subsidized) as Sophomores
• $7,500 (up to $5,500 subsidized) as Juniors and Seniors
• Maximum (Aggregate) Loan Limit: $31,000 (up to $23,000 subsidized)

Independent Undergraduate Students

• $9,500 (up to $3,500 subsidized) as Freshmen
• $10,500 (up to $4,500 subsidized) as Sophomores
• $12,500 (up to $5,500 subsidized) as Juniors and Seniors
• Maximum (Aggregate) Loan Limit: $57,500 (up to $23,000 subsidized)

Graduate Students

• $20,500 for all levels
• Maximum (Aggregate) Loan Limit: $138,500 (up to $65,500 subsidized)

FEDERAL DIRECT PARENT PLUS LOAN

Parents of dependent students can apply for a Federal Direct PLUS Loan to assist their child in paying for college expenses. PLUS loans are packaged to cover the full cost of attendance, including living expenses and other indirect costs, minus other offered aid. You may wish to reduce the amount for which you apply, especially if your child is not living on campus. These loans are in the parent’s name and the parent is responsible for repaying them.

Credit Check

• Parents must pass a credit check, (must not have an adverse credit history), to be eligible for the Federal Direct PLUS loan.
• If a parent is denied for the Federal Direct PLUS loan based on credit, the student will automatically be awarded an additional $4000 (freshman or sophomore) or $5000 (junior and senior) in Federal Direct Unsubsidized Stafford Loan funds, which is the amount an independent student can borrow.

How Does My Parent Receive a Federal Direct Parent PLUS Loan?

• You must complete a FAFSA each year.
• You must be attending at least 6 credit hours during any semester to be eligible for Federal Direct Parent PLUS Loan funds.
• Your parent must apply for the Parent PLUS loan online by going to www.studentloans.gov. Instructions on this process
• Your parent will need to sign in with their FSA ID. If they do not have this information, they can go to FSAID.ed.gov and retrieve it.
• The results of your credit check will be available immediately. The Lourdes Financial Aid Office will receive an electronic notification of your credit check results within 3-5 days.
• If approved for the PLUS loan, your parent must complete the PLUS Loan Master Promissory Note (MPN) at www.studentloans.gov and will need to log in with their FSA ID.
• Select to complete the PLUS Master Promissory Note and follow all steps.

Repayment, Deferment, and Consolidation of PLUS Loan – Contact Direct Loan Servicing at 1-800-848-0979, or visit the Federal Student Aid website.

FEDERAL DIRECT PLUS LOAN FOR GRADUATE STUDENTS

Graduate students at Lourdes University may borrow a Federal Direct PLUS Loan for Graduate Students to help cover their education expenses.  Graduate students should only borrow Direct PLUS Loans if additional funds are needed after borrowing all available Federal Direct Stafford Loans.  Students must pass a credit check (must not have an adverse credit history) to be eligible for a Federal Direct Graduate PLUS Loan.

Students in the MBA and NAP programs will automatically be offered the Direct Graduate PLUS Loan up to their full cost of attendance, including living expenses and other indirect costs, minus other offered aid.  Other graduate students interested in the Direct Graduate PLUS Loan should contact the Financial Aid Office to check on their eligibility.

Follow these steps to apply for a Direct PLUS Loan for Graduate Students

Go to www.studentloans.gov to complete the Direct PLUS Loan Request. Sign in using your FSA ID. If you do not have this information, visit FSAID.ed.gov to retrieve it.

• Select the option to “Request a Direct PLUS loan.”
• On the next page, select “Graduate PLUS” for the loan type
• Complete the request information as indicated.  Continue until you receive confirmation that it is complete.
• The results of the credit check will be available immediately. The Lourdes Financial Aid Office will receive the results of the credit check in 3-5 days.

Complete the Direct PLUS Loan Master Promissory Note (MPN) at same website

• Select the option to “Complete Master Promissory Note.”
• Select “Graduate PLUS” for the type of loan you would like to receive.
• Complete the MPN.  Be sure to submit it at the end and receive confirmation that it is complete.

** By signing the MPN, you agree to allow the Department of Education to check your credit history.

NURSE EDUCATION ASSISTANCE LOAN PROGRAM (NEALP)

The Nurse Education Assistance Loan Program (NEALP) provides financial assistance to Ohio students enrolled for at least half-time study in an approved Ohio nurse education program. NEALP provides funding for nurses who intend to serve as instructors as well as students who intend to serve as nurses after graduation. For more information or to complete the application online, please visit the Ohio Department of Higher Education (formerly known as the Ohio Board of Regents) website. Please note: you must be formally admitted into the Lourdes nursing program.

NURSE FACULTY LOAN PROGRAM

What is the Nurse Faculty Loan Program (NFLP)

This one-year funding opportunity aims to increase the number of qualified nursing faculty. We seek to accomplish this by providing funding to accredited schools of nursing to offer loans to students enrolled in advanced education nursing degree programs who are committed to become nurse faculty.

In exchange for full-time post-graduation employment as nurse faculty, the program authorizes cancelation of up to 85% of any such loan (plus interest thereon).

What are the Benefits of NFLP?

Participation avoids the upfront costs of tuition and fees associated with obtaining a doctoral degree.   NFLP recipients who fulfill the service obligations are eligible for loan forgiveness of up to 85% of the amount guaranteed by the program.  The schedule for loan forgiveness is:

• Years 1, 2, & 3: 20% (plus accumulated interest)
• Year 4: 25% (plus accumulated interest)

Beginning in years 5-10 (for a period of 6 years), the NFLP recipient begins repayment of the remaining balance (15% of the original cost and the accumulated interest).

Are You Eligible?

Eligible applicants are accredited schools of nursing, including advanced education nursing programs including the Doctorate in Nursing Practice (DNP) and Master of Science in Nursing Nurse Educator (MSNE)

Eligible applicants must be located in the United States, Guam, Commonwealth of Puerto Rico, Northern Mariana Islands, American Samoa, U.S. Virgin Islands, Federated States of Micronesia, Republic of the Marshall Islands, or the Republic of Palau.

How Does the NFLP Program Work?

Students must first complete the required Free Application for Federal Student Aid (FAFSA).  The University’s FAFSA number is 003069.  The student must then contact the Financial Aid Office (finaid@lourdes.edu) to ask to be considered for the loan. Once processed, financial aid will add the loan to the students account. All students receiving this must complete the Master Promissory Note and the Letter of Commitment. Both requirements will be sent to you if you are eligible for the loan. Students will be awarded the total tuition cost and $600 for books per semester.

Quick Summary

• Participants must have the intent to teach full time for at least 4 consecutive years following DNP or MSNE completion.
• NFLP covers tuition and fees up front.
• HRSA’s repayment schedule allows up to 85% of loan forgiveness plus interest when the service obligation is completed.
• Loan forgiveness applies ONLY to NFLP funds; not other sources of financial aid.
• Participants will repay 15% of the loan plus interest over 6 years.

For more information, contact the financial aid office at finaid@lourdes.edu or 419-824-3732.

At some point in your college career, you likely borrowed a Federal Student Loan. Furthermore, you will be required to start issuing payments to your loan servicer on a monthly basis. This might appear as a daunting task, but with the right information, you’ll have no problem clearing your Federal Student Loan debt.

CURRENT STUDENT FAQS

What Can I Do Now?

As long as you are enrolled half time (6 hours) or more your federal loans are in deferment. Deferment means no payments are required while enrolled at least half time. Keep in mind though interest is accruing on your Direct Unsubsidized Loan while in deferment. One option you have is to make payments on your loans while you are enrolled. There is no penalty for paying on your student loans and making payments can drastically reduce what you owe upon graduation. Read more about the advantages of making payments while in school.

The Department of Education advises to “Take the time to fully understand your loan agreement and the types of loans you are receiving.” It’s also important you do NOT borrow more than you need or more than you expect to be able to repay.

Perhaps, one of your best resources is actually the school you attend/attended. The Lourdes Financial Aid Office is more than happy to help address these very things; in fact, it is our job!

7 Steps to Managing Your Loan Debt

1. Understand Your Loan and Loan Agreement
2. Manage Your Borrowing
3. Track Your Loans Online through Nation Student Loan Data System ( NSLDS.ed.gov)
4. Keep Good Records
5. Notify Your Loan Servicer and Financial Aid Office if you:
   – Need help making your monthly payments
   – Graduate
   – Withdraw from school
   – Drop below half-time enrollment status at school
   – Change your name, address, or Social Security number
   – Transfer to another school
   – Experience a change in your life that might impact your loan payments
6. Switch repayment plans if you cannot make monthly payments
7. Consider Simplifying Repayment with Consolidation

WITHDRAWN STUDENT FAQS

Exit Counseling, StudentLoans.gov, and NSLDS

Completing exit counseling is required by law and it provides important information you need to prepare to repay your federal student loan(s). It will assist you in understanding your loans, repayment plan, avoiding default, and prioritizing your finances.

To complete exit counseling for subsidized/unsubsidized loans and PLUS Loans under the Direct Loan Program or the FFEL program:

• Sign into the website Studentloans.gov using your Federal Student Aid ID (FSA ID).
• Select “Exit Counseling” under “Choose Counseling Type.”
• When you sign in, you will be able to see your federal student loan information available in the National Student Loan Data System (NSLDS), notify schools of counseling completion, and view confirmation of counseling completion.

What Happens If I Default On My Loan?

According to the Department of Education, the cohort default rates increased for all sectors: from 6.0 percent to 7.2 percent for public institutions, from 4.0 percent to 4.6 percent for private institutions, and from 11.6 percent to 15 percent at for-profit schools.

Below are just some of the many consequences of default:

• The entire unpaid balance of your loan and any interest is immediately due and payable
• You lose eligibility for deferment, forbearance, and repayment plans
• You lose eligibility for additional Federal Student Aid
• Your loan account is assigned to a collection agency
• The loan will be reported as delinquent to credit bureaus, damaging your credit rating. This will affect your ability to buy a car or house or to get a credit card
• Your federal and state taxes may be withheld through a tax offset. This means that the Internal Revenue Service can take your federal and state tax refund to collect any of your defaulted student loan debt
• Your student loan debt will increase because of the late fees, additional interest, court costs, collection fees, attorney’s fees, and any other costs associated with the collection process

How to Avoid Defaulting On Your Loan

• Understand your student loans and your loan debt ( www.nslds.ed.gov).
• Find a repayment plan that works best for you.
• Always open and read documents sent from your loan servicer and also update them and your financial aid office if any of your contact information changes.

What to Do If You Default On Your Loan

• Contact the agency that is billing you.
• Explain your situation fully.
• Ask them what options are available to get out of default.
• Ask them to work with you.
• Always stay in touch with your lender, loan servicer, or collection agency.

GRADUATES STUDENT FAQS

So the time has come for you to repay your student loans. The first step to repaying your loans is understanding repayment. The loans you used to help fund your education must now be repaid to your loan servicer. One question you may be asking is “who is my loan servicer?” This question, along with many others can be answered through “ Exit Counseling.”

Remember, you must repay a student loan even if you are having difficulties repaying them and your financial circumstances change, but there are options.

FREQUENTLY ASKED QUESTIONS

What is a Federal Student Loan?

A Federal Student loan is a loan funded by the federal government to help pay for your education. A federal student loan is borrowed money you must repay with interest.

What is Interest?

By definition, interest is money paid to the lender in exchange for borrowing money. Interest is calculated as a percentage of the unpaid principal amount (loan amount) borrowed. In other words, interest is money that adds to what you have initial borrowed at a certain interest rate.

Learn more about interest rates.

What is loan repayment and when do I have to start paying back my loans?

Loan repayment is the process of setting up payment arrangements with your loan servicer and begins after a student’s grace period ends. The grace period is a set period of time (typically 6 months) after you graduate, leave school, or drop below half-time enrollment (or 6 credit hours at Lourdes for undergraduates) before you must begin repayment on your loan.

Who is my loan servicer and how much do I owe?

To answer this question you will need to log on to the National Student Loan Data System. This site keeps track of all your Federal Student Loans, how much you have borrowed, how much interest has accrued, and who you need to pay your loans back to.

What if I do not repay my loans or cannot pay back my loans?

Each month you miss a payment, your loan is considered delinquent. For most federal loans, if you have not made a payment in 270 days, your loan will go into default. Defaulting on a loan has many negative consequences, including but not limited to:

• You lose eligibility for additional federal student aid.
• Your loan account is assigned to a collection agency.
• The loan will be reported as delinquent to credit bureaus, damaging your credit rating. This will affect your ability to buy a car or house or to get a credit card.
• Your federal and state taxes may be withheld through a tax offset. This means that the Internal Revenue Service can take your federal and state tax refund to collect any of your defaulted student loan debt.
• Loan debt will increase due to late fees, additional interest, court costs, etc.
• Your employer (at the request of the federal government) can withhold money from your pay and send the money to the government. This process is called wage garnishment.

If you cannot make your monthly payment, contact your loan servicer immediately to get set up on a payment plan you can afford. Your monthly payments could be $0.

Learn more about repayment plans.

How Do I Make Payments On My Student Loan?

Setting up loan payments is just a phone call or click away. First, you will need to determine who your loan servicer(s) is. This can be done by going to the National Student Loan Data System. Now that you know who you have to repay, you can either contact them via phone or by setting up an online account. Once you have established contact with your loan servicer(s) you will be able to set up your payment arrangements.

The Financial Aid Office realizes that this process can be daunting. If you need any assistance, please feel free to contact us and an advisor can address any questions or concerns you may have as well as help you get the process started.

Welcome Veterans. First, we want to thank you for the contributions and sacrifices you have made for our country. Second, congratulations on your decision to go to college. We are happy to assist you in receiving your VA or other military education benefits. Lourdes University is a participant in the VA Principles of Excellence Program.

Important Information: The VA determines your eligibility for benefits. If you are eligible, the VA Certifying Official in the Admissions Office will work with you to certify your education benefits. If you have any questions at any time, please stop in our office. We are here to assist you.

Office: Mother Adelaide Hall 204

Office Hours:
Monday – Thursday
9:00 a.m. – 2:00 p.m.

Step 1: You may apply online. Go to the How to apply for the GI Bill® and related benefits. Call the VA if you are uncertain or have questions (1-888-GI BILL-1). Note: each program has individual requirements for eligibility.

Step 2: After you have received the Certificate of Eligibility (COE), meet with the Lourdes Certifying Official for information regarding your education benefits and application procedures at Lourdes. The application process generally takes 4-6 weeks. Please submit one copy to the Lourdes Certifying Official located in Admissions. We will also need a copy of the following:

1. DD-214 (Discharge Papers – Certified Copy) OR
2. DD-2384 (Notice of Basic Eligibility (NOBE) for members of Selective Reserve). See your Commanding Officer to apply for this document.

Step 3: Before each semester, submit the Lourdes “Blue Form” (Request for Veterans Benefits at Lourdes) after registering for classes. Register and submit your paperwork as early as possible to minimize delays.

Step 4: Each student is required to report their enrollment verification on a monthly basis through the Veteran Affairs W.A.V.E website. Students who receive VA education Benefits under Chapter 30 or 1606 must certify current credit hours on or after the last day of each month while attending school. You can certify your enrollment by visiting the WAVE website or by calling 1-877-823-2378.

Step 5: Lourdes University encourages all students, (including veterans, service members, and family members), to file the FAFSA (Free Application for Federal Student Aid). If you have any questions about how to file the FAFSA, please contact the Lourdes Financial Aid Office, 419-824-3732. If you have had a change in your income status, you may qualify to file a Special Conditions Appeal.

GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government Web site at https://www.benefits.va.gov/gibill.

Lourdes University Ohio National Guard “Hero” scholarship will financially assist Lourdes University students who are receiving the Ohio National Guard Scholarship. This $4,000 per academic year award helps to cover the cost of tuition at Lourdes University.

Qualifications of the Recipients
On a per semester basis, the recipient must be:

• Receiving funds through the Ohio National Guard Scholarship Program* for the semester
• Pursuing a Bachelor or Certificate program at Lourdes
• Enrolled fulltime and in good standing at Lourdes

*Ohio National Guard Scholarship Program recipients must maintain acceptable attendance at their unit drills and comply with all other requirements of the program to remain eligible for the ONG Scholarship Program.

Chapter 30 Montgomery GI Bill® – Active Duty
The MGIB program provides up to 36 months of education benefits. This benefit may be used for degree and certificate programs, flight training, apprenticeship/on-the-job training and correspondence courses. Remedial, deficiency, and refresher courses may be approved under certain circumstances. Generally, benefits are payable for 10 years following your release from active duty. This program is also commonly known as Chapter 30.

Chapter 1606 Montgomery GI Bill® – Selected Reserve/Ohio National Guard
The MGIB-SR program may be available to you if you are a member of the Selected Reserve. The Selected Reserve includes the Army Reserve, Navy Reserve, Air Force Reserve, Marine Corps Reserve and Coast Guard Reserve, and the Army National Guard and the Air National Guard. This benefit may be used for degree and certificate programs, flight training, apprenticeship/on-the-job training and correspondence courses. Remedial, deficiency, and refresher courses may be approved under certain circumstances.

Chapter 31 Vocational Rehabilitation
For veterans with a service-connected disability.

Chapter 35 Dependent/Spouse Educational Assistance
Dependents’ Educational Assistance provides education and training opportunities to eligible dependents of certain veterans. The program offers up to 45 months of education benefits. These benefits may be used for degree and certificate programs, apprenticeship, and on-the-job training. If you are a spouse, you may take a correspondence course. Remedial, deficiency, and refresher courses may be approved under certain circumstances.

Chapter 33 Post 9/11 GI Bill®
The Post-9/11 GI Bill® provides financial support for education and housing to individuals with at least 90 days of aggregate service on or after September 11, 2001, or individuals discharged with a service-connected disability after 30 days. You must have received an honorable discharge to be eligible for the Post-9/11 GI Bill®.

At private schools, such as Lourdes University, the Post-9/11 GI Bill pays the actual net cost for tuition and fees after the application of any waiver, scholarship, aid, or assistance [other than loans and funds under section 401 (b) of the Higher Education Act of 1965], provided directly to the institution and specifically designated for the sole purpose of defraying tuition and fees, or $18,077.50 for the academic year beginning on August 1. The $18,077.50 cap is subject to proration based upon benefit level.

Yellow Ribbon Program
If your tuition and fees exceed the $18,077.50 per year cap, additional funds may be available for your education program without an additional charge to your entitlement. Lourdes participates in the Yellow Ribbon Program with the VA and will pay up to $500 towards tuition and fees during the academic year. The VA will match that amount and issue payment directly to Lourdes. Therefore, with the Yellow Ribbon Agreement under the Post-9/11 GI Bill®, a student can receive up to $19,077.50 per academic year. Per VA regulations, only students entitled at the 100% benefit level may receive Yellow Ribbon Program funding.

Scholarships for Military Students
Lourdes offers scholarships for Military and veteran students. Visit our Military Scholarships page for the application and procedures.

GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government Web site at https://www.benefits.va.gov/gibill.

ALL STUDENTS

Lourdes Certification Form / Blue Form (PDF)

This form must be completed before each semester you attend!

NEW STUDENTS  (YOU HAVE NEVER USED VA BENEFITS)

VA Form 22-1990 Chapters 30, 32 and 33 attach copy of DD-214
VA Form 22-1990 Chapter 1606 attach copy of NOBE
VA Form 22-5490 Chapter 35 (Application for Benefits)

TRANSFER STUDENTS (YOU HAVE USED VA BENEFITS, TRANSFER/CHANGING MAJOR)

Contact the Lourdes VA Certifying Official for instructions on transferring your benefits. An official transcript must be submitted to the Lourdes Registrar’s Office for evaluation. You will need to complete the following forms below and submit to the VA Regional Processing Office, as listed on the form.

VA Form 22-1995 Chapters 30, 32, 33 & 1606

VA Form 22-5495 Chapter 35

Note: Applying online is the most convenient way to apply for your VA education benefits. Learn how to apply online here.

OHIO NATIONAL GUARD SCHOLARSHIP PROGRAM

Currently the application deadlines for the Ohio National Guard Scholarship are:

• Fall semester, July 1
• Spring semester, November 1
• Summer semester, April 1

Subject to funding available from the Ohio General Assembly, the Ohio National Guard Scholarship is applied toward tuition costs at Lourdes University in an amount that is equivalent to the average state university tuition charge.

The scholarship is available for up to eight (8) full-time semesters, and the program sets the tuition equivalent amounts for the scholarship each year.

You may contact the Ohio National Guard Tuition Grant office at either, 1-888-400-6484, or 1-614-336-7143, for more information about eligibility and the application process.

It is the responsibility of the National Guard student to complete all the necessary paperwork for their tuition scholarship with their Guard unit.

AIR FORCE ROTC SCHOLARSHIP FOR NURSING STUDENTS

Award

• 100% Full tuition and fees, renewable with 3.0 GPA and continuous full-time enrollment
• $350 to $500 stipend per month
• $900 text book money per year
• Job placement as a full-time nurse upon graduation from Lourdes with a Bachelor Degree in Nursing and completion of NCLEX

Criteria

• Accepted into Lourdes University Nursing Program as full-time Nursing Undergraduate Student
• Bachelor Degree seeking only
• 3.0 to 4.0 Cumulative and Term College GPA
• Completed Air Force ROTC enrollment process
• Enrollment in Air Force ROTC academic classes and leadership laboratory

Gray Wolf U is a financial literacy program sponsored by the Lourdes University Financial Aid Office.

• College freshman scored 34.8% on their knowledge of personal finance
• 40% of U.S. adults gave themselves a grade of C, D, or F on their knowledge of personal finance
• 31% of adults report that they have no savings
• 35% of students learned about personal finance in school
• 70.5% of people don’t think US teens understand basic money management

The goal of Gray Wolf U is to help students understand multiple aspects of finances.

The presentation topics of this program include:

• Credit
• Finances after college
• Loan repayment
• Home buying and more

Mission Statement: It is our belief that a financially educated student will be more prepared for life after college. We strive to prepare students by promoting financial awareness through free program offerings to new, continuing, and graduated students. It is our goal to graduate more financially prepared students who continue to be fiscally responsible adults.

Attend a Gray Wolf U event to learn about credit score, loan repayment, and much more.

Create a budget. Keep track of spending and see where you can cut back. Live within your means.

Put 10% of your net income in savings every check. See if you can set it up to automatically transfer to your savings.

Pay with cash. Seeing the bills go towards a purchase is harder than swiping a card.

Strategically pay down debt. Experts recommend that you tackle the debt with the highest interest first. But paying off smaller debts can give a rewarding feeling.

Mint.com

Attend a Gray Wolf U event to learn about credit score, loan repayment, and much more.

Create a budget. Keep track of spending and see where you can cut back. Live within your means.

FICO is the most common credit score used. The scores range from 300-850, with 850 being excellent.

Your FICO score looks at five categories:

• Payment History (35%): Whether or not you have paid past credit accounts on time.
• Total Debt (30%): the total amount of debt that you have
• Length of Credit History (15%): How long your credit has been active, how long since different accounts have been used, length of specific accounts, and the average age of all of your accounts.
• Type of Credit Used (10%): This looks at your combination of credit cards, loans, mortgages, and retail accounts. Your student loans are part of your credit score.
• New Credit (10%): What your new credit use is. Opening multiple accounts in a short amount of time looks risky.

Free Annual Credit Report