| When
applying for financial aid, do not wait. It is important for you to get
started as soon as possible and take the time to make sure you have completed
all the right forms. Financial aid is not awarded until all required documents
have been received by the Office of Lamar University Financial Aid (LUFA)
.
Step l
Complete and mail the Free Application for Federal Student Aid
(FAFSA) in the envelope provided, or you can complete
the application on-line . With the information provided, a Student
Aid Report (SAR) will be generated for your records. In order to ensure
that LUFA receives the SAR promptly, include the Federal School Code and
Housing Code on page 6 of the FAFSA. Lamar University's Federal School
Code is OO3581. When you list our Federal School Code, the Department
of Education will release an electronic record of your financial information
to the Financial Aid Office. We are not able to process your financial
aid application until a valid electronic record is received from the U.S.
Department of Education.
Step 2
Once we receive the FAFSA information we will mail ONE missing information
letter that lists all documents that are required. From this point on
we will email all notifications to your Lamar University email account,
or if you have never registered for class you are responsible for checking
your status by logging into SIS Online at www.lamar.edu/touchnet,
clicking on “Personal Financial Aid Information “ then clicking
on “Student Requirements”
Step 3
Once your file is complete, LUFA will review all the forms you submitted
to determine your eligibility for grants, Federal Work-Study and loans.
Step 4
LUFA will email your Lamar University email account with notification
that you have been awarded financial aid. You must login to
SIS Online to view and accept your awards. We do not award or process
any Stafford student loans without the student’s request. If you
would like a student loan you must submit a Loan Worksheet once all of
your paperwork is complete and you are registered for classes. If your
parent would like a parent PLUS loan processed a PLUS Loan Worksheet must
be submitted to our office once all paperwork is complete and you are
registered for class.
Step 5
LUFA certifies your loan. If the lender you have chosen your application
guarantees with Texas Guaranteed Student Loan Corporation (TGSLC), the
loan information is transmitted to TGSLC. If your lender does not have
a Master Promissory Note (MPN) on file for you, TGSLC will mail you a
MPN to complete and mail to your lender. If you are a first-time Stafford
Student Loan borrower, you must either complete the entrance interview
on-line or attend a Loan Entrance Interview session.
Step 6
Money received from scholarships, grants and institutional loans will
be applied to your university student account of Lamar University no sooner
than three days prior to the start of the term. If your lender guarantees
its loans through TGSLC and participates in Electronic Funds Transfer
(EFT), the proceeds from your loans will arrive by EFT. After payment
of tuition and fees, any remaining funds will be refunded (by check) and
mailed to the student's mailing address.
Things to Remember
The priority date for submitting all documents required for
financial aid awards is April l.
V.A. benefits may need to be verified with an award letter from the V.A.
Office.
Eligible non-citizens are required to submit a copy of their immigration
visa
and additional documents, if requested.
Y ou must be admitted to Lamar University before financial aid can be
awarded.
Satisfactory Academic Progress
must be maintained in order to
continue to receive financial aid.
LU will not automatically award or process any loans for individuals
who have defaulted on their student loans. Student submitting documentation
that the defaulted loan has been repaid or satisfactory repayment arrangements
have been made may be considered for grant and work study. The letter
(from the respective guaranty agency) must also state that the student
is now eligible for further financial aid.
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