La Salle University

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Financial Aid FAQs

General Information

» What are the deadlines to apply for Aid?
» What are the different types of Aid?
» What is the La Salle overaward policy?
» What is verification?
» What is an independent student?
» Office Hours and Telephone Numbers?
» What is my aid eligibilty if I am in a preparatory program or am taking prerequisites to get into a Master’s program?
» What is my aid eligibility if I am in the Teacher Certification Program?
» What is my aid eligibility if I am in the ESL Certification Program?
» What is my aid eligibility if I am taking Post-Master’s classes in Psychology for state licensure?
» What is my aid eligibility if I am taking courses for a graduate certificate program?
» What if I withdraw from all my courses?
» What are some of the reasons I might see a change in my financial aid package from last year?
» What does my acceptance status mean to me, and how does it affect my financial aid eligibility? 

Scholarships, Grants, Discounts, and Tax Credits

» What about scholarships for returning students?
» What is the Hope Scholarship/Lifetime Learning Credit?
» What is the PA New Economy Tech Scholarship?
» What about my PHEAA State Grant?
» What is the discount for members of religious orders and Catholic school teachers?

Student Jobs On Campus

» How do I apply for Budget jobs?
 » How do I apply for Federal Work Study jobs?

Co-ops and Study Abroad Programs

» How do I get aid for study abroad?
» What if I do a co-op?

Credit Balances: Refunds and Money for Books

» What if I need money for books?
» How do I get my refund and money for books?

Reading Bills: Memos and Credits

» What are those credits and memos on my bill?

Special Circumstances and Academic Progress

» I have special circumstances, what do I do?
» What academic progress must I make?
» Will I be eligible for financial aid if I repeat a course that I already passed?

Employee Tuition Benefits

» What are the employee tuition benefits?
» What are the tuition benefits for employee dependents?
» What is Tuition Exchange?

Accessing Information Online

» How can Brother Luwis answer my aid questions?

Types of Financial Aid

To be eligible for financial aid you must be a U.S. CITIZEN or a PERMANENT RESIDENT and must be MATRICULATED, that is, enrolled in an eligible program seeking a degree or certificate. Eligibility is dependent on your Federally calculated need and the availability of funds.

Federal Pell Grant is a Federally administered program, which awards grants to undergraduate students on the basis of exceptional need, enrolled for at least 3 credits and have not earned a previous degree.

Students who are Pell Grant eligible, may receive up to 12 semesters of funding as a full-time student; part-time students are eligible for a prorated number of semesters. 

PHEAA State Grant is awarded by the State of Pennsylvania according to their formula to undergraduate students who are enrolled for at least 6 credits and do not have a previous degree.

Federal Direct Loan Program

  • Subsidized Loan is a fixed rate loan awarded on the basis of need made directly by the Federal Government. Interest does not accrue while the student is enrolled at least half-time. Repayment begins 6 months after leaving school or enrolling less than half-time with a standard of 10 years to repay. Students must be enrolled as at least a half-time student to be eligible.
  • Unsubsidized Loan is a fixed rate, non-need based loan made directly by the Federal Government.  This loan is the same as the regular subsidized Direct Loan, with the exception that students must make interest payments while in school and during the grace period or the interest will be capitalized. Students must be enrolled as at least a half-time student to be eligible.

Dependent

Annual loan limit

Freshman

$5,500
(Maximum subsidized portion, based on need: $3500)

Sophomore

$6,500
(Maximum subsidized portion, based on need: $4500)

Junior or Senior

$7,500
(Maximum subsidized portion, based on need: $5500)

Independent

Annual loan limit

Freshman

$9,500
(Maximum subsidized portion, based on need: $3500)

Sophomore

$10,500
(Maximum subsidized portion, based on need: $4500)

Junior or Senior

$12,500
(Maximum subsidized portion, based on need: $5500)

Graduate or Professional

$20,500
(Maximum subsidized portion, based on need: $8500)

Lifetime Limits

Undergraduate Dependent lifetime limit

$31,000
(up to $23,000 may be subsidized)

Undergraduate Independent lifetime limit

$57,500
(between subsidized and unsubsidized)

Graduate or Professional lifetime limit

$138,500
(up to $65,000 may be subsidized) or
$224,000 (for health professions)


Federal PLUS Loan is a non-need-based loan for the parents of dependent undergraduate students who are enrolled at least half-time. Standard repayment begins within 60 days after the loan is fully disbursed. Borrowers may request to defer payment until after the student ceases to be enrolled at least half-time.


Federal Graduate PLUS Loans are non-need-based loans for graduate-level students.  With a Grad PLUS loan, you may borrow up to the full cost of your education, less other financial aid received, including Federal Direct Loans. 


Federal Perkins Loan is a low-interest loan administered by the University and awarded to eligible students. Recipients must sign a Master Promissory Note, which will be used for consecutive years of borrowing.  Repayment begins nine months after leaving school. The interest rate is 5%. Payments are scheduled over a period of up to ten years. Priority is given to eligible full-time students, demonstrating exceptional need, who apply on time. New borrowers:  This award will not be credited to your account until you have returned the separately mailed Master Promissory Note and datasheet to the Office of Financial Aid.

State Grants are awards given by various states to students who reside within that state. Each state has its own award levels and eligibility criteria. Generally, state grants are awarded on the basis of need and limited to undergraduate students attending full time. You should contact your state agency for more details and filing deadlines.

Federal Supplemental Educational Opportunity Grant (FSEOG) is a grant administered by the University. FSEOG is awarded to undergraduate students demonstrating exceptional need with priority to full-time Federal Pell Grant recipients who apply on-time.

La Salle University Grant is awarded from University resources to help students finance their education. Awards are restricted to full-time traditional undergraduate students who apply on-time and demonstrate financial need.

Federal Work-Study (FWS) is a need-based employment program administered by the University. Priority is given to full-time students who apply on time. Federal Work Study is not credited to your account balance as you will receive bi-weekly paychecks for the hours you have worked. You will need to sign a student contract and submit it to the Office of Human Resources. The contract will be provided by the Office of Financial Aid.