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At the present time, the only types of financial aid awarded by Lakeland University for graduate students include the Unsubsidized Federal Stafford loan and the Graduate PLUS loan. Students are encouraged to seek outside scholarships or employee reimbursement to help them meet their educational costs.
Steps to Apply 2016-2017
We've assembled the following steps to aid you in the process of applying for financial aid. It is recommended that the applications be completed at least six weeks prior to the start of the term to ensure the timely processing of your financial aid award.
After you've completed all the application requirements, you will receive an Award Letter. This will contain a financial aid award based on the maximum amount for which you are eligible.
If you have any questions along the way, please contact us.
Please Note: At the present time, the only type of financial aid awarded by Lakeland University for graduate students is the Federal Stafford loan. Students are encouraged to seek outside scholarships to help them meet their educational costs. Students may apply for the Graduate PLUS loan, but note that loan is dependent upon a required credit check.
If you accepted a loan on your Award Letter, there are a couple of steps that need to be completed prior to your loan(s) being disbursed to your tuition account. These steps include completing loan entrance counseling (first-time borrower) and completing the Master Promissory Note (MPN). All Stafford loans will be borrowed from the U.S. Department of Education through the Federal Direct Loan Program. Click on the following links to complete the requirement(s) for you Federal Direct Loan:
The Federal Graduate PLUS Loan provides loans to students in graduate school.
Students can apply for instant pre-approval online and complete the Master Promissory Note for the Grad PLUS loan online. If you do not have online access, please contact the financial aid office. Please be aware that credit check/loan approval is only valid for 180 days.
The Financial Aid Office will be notified of the credit decision. If the application is approved, the Financial Aid Office will certify the Grad PLUS loan.
Federal regulations require students who have borrowed through a federal loan program to participate in an exit counseling session after they drop below half-time or are no longer enrolled. You may complete this requirement on the Internet. You will need your FSA (Federal Student Aid) username andpassword to complete exit counseling.
Students are recommended to exhaust all federal loan options first. If additional funding is needed, alternative loans are a source of non-federal educational loans available through a variety of national lending institutions. Minimum and maximum amounts to borrow may vary by program, but all require a satisfactory credit history for approval. These loans have their own application processes which are available online. Download this pdf for more information.
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