Types of Financial Aid
There are four types of Financial Aid: Grants, Scholarships, Work Study, and Loans. Listed below is more detailed information about each type of aid.
Grants are a type of financial aid a student receives based income income information reported on the FAFSA. The source of a grant may be through the federal government or state government. To apply for all grants a student should complete the FAFSA by LSUA's priority deadline of March 1st prior to the start of a Fall Semester and submit all additionally requested information to the LSUA Financial Aid Office by May 1. Any Additionally rquested information will be listed only in the student's Net Partner Account. Students must also meet Satisfactory Academic Progress standards to be considered eligible for grants.
While there are a number of Grant programs, the Federal Pell Grant is the only guaranteed grant program. Students interested in applying for all grants processed through LSUA's Financial Aid Office must: complete the FAFSA; submit all paperwork requested as listed in the student's Net Partner Account; and maintain Satisfactory Academic Progress.
LSUA receives very limited funds to award students jobs through the Federal Work Study Program. To qualify for a work study award, a student must demonstrate financial need as determined by information reported on the FAFSA and other types of financial aid the student may be receiving. Students must also meet Satisfactory Academic Progress.
To apply for a campus job, students need to: complete a the FAFSA; and complete a Student Worker Application through their MyLSUA account.
Loans are a resource to assist in paying for the costs of going to college in which a student or parent borrows money that must be repaid. Student loans are a type of financial aid and subject to many of the same criteria as all other federal aid programs. It is important to remember that student loans must be repaid.
To receive a student loan at LSUA students must complete the FAFSA, enroll in at least 6 credit hours, and be maintaining Satisfactory Academic Progress.
The main loan program that LSUA students participate in is the Federal Direct Loan Program. Direct loans include Stafford Loans borrowed by the student and Parent PLUS loans borrowed by the parent of a dependent student. For additional information regarding the Federal Direct Loan Program visit studentloans.gov
Admitted LSUA students interested in applying for a student loan my click on the following link for instructions on how to apply:
Click here to access the LSUA Parent PLUS Loan Application
Scholarships are another free source of financial aid that is awarded based on a variety of criteria such as academic performance, leadership, community involvement, etc. Scholarships may be awarded by the university or through an outside agency.
All admitted LSUA students are considered for all scholarships awarded through the university. LSUA's priority deadline, to have submitted an admission application, for scholarship consideration is December 1 prior to the Fall semester for which the student is being admitted. In addition to applying for admissions, students should also complete the FAFSA. LSUA's Priority deadline for completion of the FAFSA is March 1 prior to the start of a Fall semester. Students will be notified, in writing, only if they are actually awarded a scholarship through the LSUA Scholarship Committee.
For a list of the scholarships offered at LSU Alexandria, check out our LSUA Scholarships List.
In addition to scholarships offered through LSUA, students are enrouraged to apply for scholarships through various businesses, community organizations, family employers, etc. A website that provides a free search for scholarships is fastweb.com.
***Important note: There are many scholarship scams out there. Do not ever pay money to apply for a scholarship***