LIU Financial Aid Guide Updated 2011 2012 10-26-2011

8/2/2019 LIU Financial Aid Guide Updated 2011 2012 10-26-2011

1/29

FF iinn aa nn cc iiaa ll AAiidd GG uu iidd ee 22 00 11 11 22 00 11 22

Campus-Based Aid and L.I.U. Financial Aid

Federal Aid N.Y. State AidLong Island University

Integrated Student Financial Services1 University Plaza, S310

Brooklyn, NY 11201Phone: (718) 488-1037 / Fax: (718) 488-3343

Federal School Code

002751Tap School Code

Undergraduate 0403

Office Hours By Appointment:Mondays, Thursdays, Fridays, 9:00 a.m. 2:00 p.m.

Tuesdays, Wednesdays, 1:00 p.m. 6:30 p.m.

Visit our website at: www.liu.edu/brooklyn/financial-services

Email us at: [email protected]

01/24/11


2/29

BROOKLYN CAMPUS Integrated Student Financial Services 1 University Plaza Brooklyn, New York 11201-8423 www.liu.edu/brooklyn/financial-services

Dear Student,

We are pleased to provide you with this Financial Aid Guide 2011- 2012 and hopethat you find it interesting and informative. Feel free to use it as an easy referenceguide to your financial aid questions and concerns. We also hope that you will visit ourwebsite at www.liu.edu/brooklyn/financial-services for even more information on state,federal and Long Island University (L.I.U.) scholarships and grants, work opportunities,loan programs, financial aid eligibility requirements, federal regulations, etc.

Just a reminder you have to reapply for financial aid every year by completingthe Free Application for Federal Student Aid (FAFSA). In order to enhance yourchances of receiving the maximum amount of financial aid, you must meet the Universitysdeadline date for campus-based financial aid which is mid March of each year. So, mark

your calendars now so that you wont forget to apply next year , well in advance of thisdeadline date.

Dont forget that you will be able to view your L.I.U. financial aid and other records on-line at your My.LIU account. Also, t ake some time to read this Guide, visit ourWebsite, or make an appointment to speak to us. It will be one of the best investmentsthat you will make in your college career!

Good luck and best wishes for a successful year!

Integrated Student Financial Services
http://www.liu.edu/brooklyn/financial-serviceshttp://www.liu.edu/brooklyn/financial-serviceshttp://www.liu.edu/brooklyn/financial-serviceshttp://www.liu.edu/brooklyn/financial-services


3/29

TABLE OF CONTENTS

General Information ................................................................................................................................................................................1Eligibility Requirements, Withdrawing from Courses, Address Changes, Employment on Campus, Declining Financial Aid: ...1Financial Aid Award Academic Year: ............................................................................................................................................1English as a Second Language: .......................................................................................................................................................2Continuing Education Programs: ....................................................................................................................................................2Adjusting Awards: ..........................................................................................................................................................................2Helpful Hints for Students: .............................................................................................................................................................2

Appealing Financial Aid Decisions: ...............................................................................................................................................2Disbursement of Financial Aid Funds: ...........................................................................................................................................3New York State Grant Programs ............................................................................................................................................................3Tuition Assistance Program (TAP) .........................................................................................................................................................3

Aid for Part-Time Study (APTS) ....................................................................................................................................................4Arthur O. Eve Higher Education Opportunity Program (Arthur O. Eve H.E.O.P.) ........................................................................4

Federal Entitlement Programs .................................................................................................................................................................4Federal Pell Grants:.........................................................................................................................................................................4

Federal Campus-Based Financial Aid .....................................................................................................................................................4Federal Supplemental Educational Opportunity Grants (Federal SEOG): ......................................................................................4Federal Perkins Loans and Health Professions Student Loans (HPL): ...........................................................................................4Federal Work Study (FWS): ...........................................................................................................................................................5The America Reads and Counts Program: ......................................................................................................................................5Scholarship for Disadvantaged Students in Nursing or Pharmacy (SDS): .......... .......... ........... .......... ........... .......... ........... .......... ...5

Combined B.S. /M.S. Degree Programs (Dual Career) and the Pharm. D Program (Prof Career) .......... .......... ........... .......... .......... .....5L.I.U. Scholarships and Grants ...............................................................................................................................................................6

General Guidelines for Undergraduate and Graduate Scholarships and Grants.......................................................................... 6-8Scholarship Grids ....................................................................................................................................................................... 9-12

Federal Direct Student Loan Program ......... ........... .......... ........... .......... ........... .......... .......... ........... .......... ........... .......... ........... .......... . 13Federal Subsidized and Federal Unsubsidized Loans: .......... ........... .......... ........... .......... ........... .......... ........... .......... .......... .......... 13Federal Direct Parent Loan for Undergraduate Students (PLUS): .......... .......... ........... .......... ........... .......... ........... .......... ........... .. 13Federal Direct Graduate (PLUS) for Graduate Students: .......... .......... ........... .......... ........... .......... ........... .......... ........... .......... ...... 13

Accepting/Reducing and Declining Federal Direct Student Loans 13-14Changing Loans (Amount of Loan or Period of the Loan): ......... ........... .......... ........... .......... ........... .......... ........... .......... .......... ... 15Declining Loans: ........................................................................................................................................................................... 15Deadline Dates for Adjusting or Declining Loans: ........... .......... ........... .......... ........... .......... ........... .......... ........... .......... .......... ... 16

Loan Facts: ............................................................................................................................................................................................ 16Deadline Dates for Applying for Federal Direct Student Loans: .......... ........... .......... .......... ........... .......... ........... .......... ........... .... 16Federal Direct Loans will be Disbursed after these Anticipated Disbursement Dates: .......... ........... .......... ........... .......... ........... .. 16Federal Direct Student Loans - Academic Status and Aggregate Loan Limits: ........... .......... ........... .......... ........... .......... .......... ... 16Borrowing for the Summer or for the Spring Semester Only: ........... .......... ........... .......... .......... ........... .......... ........... .......... ........ 16Seven-Month Rule: ....................................................................................................................................................................... 16Borrowing from Two Schools for the Same Loan Period: .......... .......... ........... .......... .......... ........... .......... ........... .......... ........... .... 17When Loan Repayment Begins: .......... ........... .......... ........... .......... ........... .......... .......... ........... .......... ........... .......... ........... .......... . 17Sample Repayment Chart for Unsubsidized Loans:......... ........... .......... ........... .......... ........... .......... .......... ........... .......... ........... .... 17Prorated Undergraduate Loans: .................................................................................................................................................... 17

Alternative Loan Information ............................................................................................................................................................... 18Undergraduate Tuition and Fees ........................................................................................................................................................... 19Graduate Tuition and Fees .................................................................................................................................................................... 20Bill Clearance ....................................................................................................................................................................................... 21

Payment Plan ........................................................................................................................................................................................ 21Account Inquiry ................................................................................................................................................................................... .21Book Vouchers ..................................................................................................................................................................................... 21Payments Online ................................................................................................................................................................................... 22Transcripts Online ........... .......... ........... .......... ........... .......... .......... ........... .......... ........... .......... ........... .......... ........... .......... .......... .......... 22Completing the "Entrance Counseling" Interview .......... ........... .......... ........... .......... ........... .......... ........... .......... ........... .......... ........... .. 23Electronically Completing and Signing a MPN ........... .......... ........... .......... ........... .......... ........... .......... ........... .......... ........... .......... ...... 23Electronic Process For Signing A Perkins Loan .......... .......... ........... .......... ........... .......... ........... .......... ........... .......... ........... .......... ...... 24Accept/Declining Loans Online ............................................................................................................................................................ 25


4/29

1

General Information

For your convenience, you can find detailed information on all the financial aid programs and awards offered atthe Brooklyn Campus at www.liu.edu/brooklyn/financial-services. Look for our office forms, brochures, learn aboutdeadline dates and applying for financial aid, and view tax relief information. Do nt forget to view your My LIUaccount (my.liu.edu) to see your personalized financial aid information.

Eligibility Requirements:

There are several eligibility requirements you must meet in order to receive the financial aid listed on your award notice,including the following:

Full-time financial aid status for all students (undergraduate and graduate) requires a minimum registration of12 credits per term without withdrawals.To be considered a part-time student, you must enroll for a minimum of 6 credits a term without withdrawals.You must also:

a) be fully matriculated in your program of study;b) be in good academic standing (as outlined in the University Bulletin);c) register within a month of the date on your award notice otherwise, we will assume that you are

not continuing your studies and your financial aid will be offered to our waiting list students; andd) accept or decline Federal Work Study and/or America Reads and Counts online, and by reporting

to the Office of Student Development and Retention by July 1st for summer awards and within 3weeks of the Fall term for the academic year award.

Some other important information concerning your financial aid award(s) includes:

Making an Appointment:

To make an appointment to see an Integrated Student Financial Service counselor go to http://j.mp/GoSchedule , sign-inand choose an appointment time that is convenient for you.

Withdrawing from Courses:

If a student wishes to withdraw from a class or from the University, the Registrar must be notified. When a studentwithdraws from courses that result in a drop in registration status below the minimum noted above, it may require areduction or cancellation of any or all financial aid awarded. If this cancellation takes place for a fall term, the springfinancial aid is also cancelled. Returning spring students must reapply for aid by visiting Integrated Student FinancialServices Office. You can view information on the impact on financial aid eligibility if you withdraw from all courses, or ifyou receive all UW grades (unofficial withdrawal) in a term, on our website at www.liu.edu/brooklyn/financial-services. Choose Financial Aid Basics, then Financial Aid Adjustments Due to Withdrawals under Policies and Procedures . If astudent withdraws prior to and including the first week of classes, 100% of the tuition and fees are refundable. By the 2 nd week, 75% are refundable, 50% in the third week, 25% in the fourth and 0% after the fourth week. This schedule is forregular semesters running 16 weeks. Weekend schedules and shorter terms will have different refund schedules.

Address Changes:

All changes of address must be report ed to the Registrars Office.

Employment on Campus:

Students may be employed in only one work program at a time (Federal Work Study, America Reads and Counts, JumpStart Programs, Campus Activity Program, Graduate Assistantship, University Part-time Budget Employment, etc.).

Financial Aid Award Academic Year:

Financial aid is awarded for the traditional fall and spring semesters of the academic year. Loans for the summersemesters must be requested by completing the Loan Adjustment Form, and submitting it to Integrated Student FinancialServices. Applicants must be registered for a minimum of six credits, and have 2011-2012 Free Application for FederalStudent Aid (FAFSA) information on file before requesting summer loans. The deadline date for any loan is three weeksprior to the end of the term for which the application is made. Please see Page 16 for deadline dates.
http://j.mp/GoSchedulehttp://j.mp/GoSchedulehttp://j.mp/GoSchedulehttp://www.liu.edu/brooklyn/financial-serviceshttp://www.liu.edu/brooklyn/financial-serviceshttp://j.mp/GoSchedule


5/29

2

Declining Financial Aid:

Declining all or any of the campus-based financial aid offered (Federal SEOG, Federal Perkins Loan, Health ProfessionsStudent Loans [HPL], SDS Nursing/Pharmacy Awards, Federal Work Study/America Reads and Counts) is a finaldecision and all campus-based financial aid is immediately redistributed to other eligible students.

English as a Second Language:

Students who are enrolled in the Intensive English Program (IEP) are only eligible to apply for Federal Pell Grants.

Continuing Education Programs:

Most of the programs within the Continuing Education Division of the University (such as the Surgicaland Vascular Technical Programs), are eligible to apply for loans through the Alternative Loan Programmentioned later in this publication.

Adjusting Awards:

The Integrated Student Financial Services Office reserves the right to adjust/cancel any financial aid offered if resourcesnot previously considered become available to you (either from the University itself or from outside sources). This alsoincludes if you make changes to your federal FAFSA information after financial aid is awarded and/or disbursed, or if youlose good academic standing as described in the University Bulletin.

Helpful Hints for Students:

Always remember to use your assigned L.I.U. student ID # when visiting any office of theUniversity in order to obtain information from your records.Always shred information that contains your date of birth, social security number, name, etc.Go to www.studentaid.ed.gov/pubs to download many helpful brochures on funding andidentity safety.Immediately report to all agencies any theft of identifying information (credit cards,drivers license, social security card, etc.)

Never pay an agency to complete your FAFSA or help find scholarships for college.Never reveal to anyone your Federal PIN number.Never leave an internet site without closing your browser.Meet the deadline date (usually mid-March of each year) in order to receive the most financial aid.

File income taxes early each year.Read mail from the University and reply to it in a timely manner.

Appealing Financial Aid Decisions:

The Integrated Student Financial Services Office understands that with todays economy there may come a time whereyour family has had to deal with an unexpected change of income. This office is prepared to assess your circumstancesand determine if you are eligible for a process called the Special Circumstance Appeal .

An appeal may be made regarding the expected family contribution (EFC) that was determined from the FAFSA. To beeligible to process an appeal, a student must have filed a 2011-2012 FAFSA, and providedocumentation regarding the change in his/her familys financial situat ion. Reasons for filing anappeal include the death of a parent or spouse, the loss of family income (from employment,investments, business, etc.), or divorce.

To be considered for a Special Circumstance Appeal, the change in family income circumstancesmust have already taken place for a minimum of 10 weeks. For example, if a parent becameunemployed, and this unemployment took place at least 10 weeks ago. As mentioned,supportive documentation is required regarding the reason for the appeal, and all information willbe used for financial aid purposes only, and will be held in the strictest of confidence.

The Special Circumstance Appeal form can be obtained in our office after you have spoken with a Financial AidCounselor. The completed form and supportive documentation will be reviewed and a final decision will be made. If thisappeal is approved, and if the changes indicated result in additional eligibility for financial aid, the Integrated StudentFinancial Services Office will make the necessary corrections to the FAFSA information.
http://www.studentaid.ed.gov/pubshttp://www.studentaid.ed.gov/pubshttp://www.studentaid.ed.gov/pubshttp://www.studentaid.ed.gov/pubs


6/29

3

Disbursement of Financial Aid Funds:

Generally, federal and state financial aid funds are made available to students at the beginning of each semester, and areapplied to billing accounts at different intervals. Federal Pell Grants may be applied first, thenFederal SEOG and Federal Perkins Loans next. TAP, L.I.U. scholarships and grants, and some ofthe other aid programs are applied to accounts after the official withdrawal period as stated in theUniversity Bulletin (after the fifth week of classes). Financial aid awards, whether grants or loans,are automatically credited to your account.

Federal Direct Student Loans have specific disbursement schedules they include onedisbursement per term for a two term loan (fall/spring), and two disbursements a term for a one termloan (fall only, spring only, etc.). Loans for one term only have the first disbursement at thebeginning of the term, and the second disbursement by mid-semester. The anticipated disbursement dates are indicatedon the Disclosure Statement that a Federal Direct Student Loan borrower receives from the Common Origination &Disbursement agency of the Federal Government. Those dates are determined by the Universitys official academic yearcalendar and appear on Page 16 of this publication.

After financial aid is disbursed, the University mus t continue to determine a students eligibility for those awards. If astudent changes his/her full-time status, withdraws from any or all classes, or receives additional resources not previouslyconsidered (including scholarships), it is necessary for the Integrated Student Financial Services Office to re-evaluateeligibility. If a student is no longer eligible to receive an award that was previously disbursed, the University will cancelthat award and this will result in a debit balance being placed on the students account. Student can view their awards viatheir My.LIU account under Campus Finances. In addition, revised award notices will be sent. Students should contactthis office regarding any new open balance that results from this action.

Types of Financial AidStudents should seek grant funding from agencies in their home state before borrowing educational loans. New YorkState residents are provided with an estimate of their eligibility for the Tuition Assistance Program (TAP) on their financialaid award notice. More information about TAP and other New York State grant programs can be found at www.hesc.com.Out-of-state students may find information about their state grant programs by visiting the U.S. Department of EducationsWebsite at http://federalstudentaid.ed.gov/ . More specific information about this appears in Appendix A of this brochureunder State Higher Education Agencies Grant Programs.

NEW YORK STATE GRANT PROGRAMS:Tuition Assistance Program (TAP):

TAP is a New York State grant program, with a Maximum Award of $5,000 per year, for full-time(12 credits or more per term) students. This award is based on New York State net taxable income fromthe previous year and may be applied only to tuition and fees. TAP award estimates are provided onfinancial aid award notices. Actual TAP award are generated by the New York State Higher EducationServices Corporation (HESC) and are usually awarded to students by June of each year, after the NewYork State budget has been approved. Generally, students may receive up to eight semesters of TAPfunding. All students must declare a major before the end of their fourth term of TAP funding. The

L.I.U. TAP code for undergraduates is 0403.

Students who did not graduate from a U.S. high school, and therefore do not have a U.S. high school diploma, must passa special Ability to Benefit examination administered by the University. This must take place prior to the start of theacademic year before a TAP payment can be made on behalf of the student. There are also good academic standingguidelines which must be met by all students who are seeking TAP funding including a minimum cumulative C averageafter the receipt of two annual TAP payments.

New students receiving TAP for the first time and who did not follow the link from the FAFSA to apply for TAP, must go towww.hesc.com to complete the TAP application process. All students must secure a TAP PIN to assist with applying foror correcting the TAP application information, and may do so at www.tapweb.org . See additional information regardingTAP and other New York State programs at www.hesc.com . This office can assist students who have lost eligibility orneed help in processing corrections.
http://federalstudentaid.ed.gov/http://federalstudentaid.ed.gov/http://federalstudentaid.ed.gov/http://www.hesc.com/http://www.hesc.com/http://www.tapweb.org/http://www.tapweb.org/http://www.tapweb.org/http://www.hesc.com/http://www.hesc.com/http://www.hesc.com/http://www.hesc.com/http://www.tapweb.org/http://www.hesc.com/http://federalstudentaid.ed.gov/


7/29


8/29

5

and/or Federal Pell Grants. HPL loans are available to Pharmacy majors who provide parental information on the FAFSAapplication. These loans carry a fixed interest rate of 5%. Repayment for the Federal Perkins Loans begins nine monthsafter graduation or termination of at least half-time studies. Repayment for the HPL Loans begins one year aftergraduation, termination of at least part-time studies, or immediately for students who change their major from Pharmacy.

Students can accept or decline these loans online at my.liu.edu and follow the instructions on page 25. Once this is done,you will need to complete a separate Federal Perkins Loan Entrance Interview and electronically sign a promissory note.This can be done by visiting https://webapps.liu.edu/esignature . Promissory notes become invalid if there was noadditional borrowing for a year, so we recommend that students who have questions about their need to sign a newpromissory note contact this office. HPL Loans are accepted by completing a paper promissory note and an EntranceInterview Borrowers Right and Responsibilit ies Acknowledgement form , provided by this office.

Federal Work-Study (FWS):

This federal work program provides on-campus employment up to 15 hours per week to students exhibiting financialneed. Financial aid award notices indicate the annual award amount that students may earn in this program. Enteringstudents may work during the fall and spring terms, and during their first summer term, provided they have registered andmade payment arrangements for the upcoming fall semester. Continuing students may work in the summer, fall andspring terms. Once a students total earning s approach the maximum award amount, he/she must discontinueemployment.

The deadline for accepting summer awards is July 1st, and for the fall term, by the third week of classes. Students mayaccept or decline their award at my.liu.edu . Students who do not accept these awards will receive financial aid awardnotices that will reflect the withdrawing of this form of financial assistance.

Federal Work-Study is the most sought after type of assistance and funding is usually exhausted well before the mid-March deadline date for financial aid. However, waiting lists are automatically created once funds are exhausted and theFAFSA completion date is used to rank students qualifying for this award if additional funding becomes available.

The America Reads and Counts Program:

This program provides employment opportunities for students who qualify as reading and math tutors for grade schoolchildren. Students must apply for this type of funding with the Office of Student Development and Retention and, ifaccepted into this program, must meet all financial and academic qualifications, including a 2.75 GPA with at least 24L.I.U. credits. The Office of Student Development and Retention will place students in specific off-campus locations, willprovide all orientation and training sessions, and will provide additional information on this tutoring program. See the

Federal Work-Study provisions above for requirements for accepting awards, award limitations, etc.

Scholarship for Disadvantaged Students in Nursing or Pharmacy (SDS):

When funding is available, Nursing and Pharmacy students are considered for this type of assistance based onexceptional financial need, household size and income guidelines determined by HRSA. Parental information must beprovided on the FAFSA application to be considered for these awards (for both dependent and independent students.)No separate application process is necessary. Awards are granted annually, depending on allocations offered to theUniversity by the federal government. Students who receive this type of assistance must continue to major in Nursing orPharmacy throughout the period of award.

Combined B.S./M.S. Degree Programs (Dual Career)

and the Pharm. D Program (Prof Career)Students in combined Bachelors/Masters Programs (Dual Career) or advanced degree programssuch as the Pharm. D program (PROF Career), have different financial aid available to them for theundergraduate phase of their programs (generally the first four years) than for the graduate phaseof the program. Generally, Pharm. D students move to the graduate phase after accumulating 138.5credits and students in DUAL programs after they accumulate 128 credits. Once in the graduatephase of these programs, only graduate, federal and institutional financial aid will be available tostudents. Because of federal regulations, students in the Pharm. D (PROF) career are limited toundergraduate financial aid for a maximum of four years.
https://my.liu.edu/https://my.liu.edu/https://my.liu.edu/https://webapps.liu.edu/esignaturehttps://webapps.liu.edu/esignaturehttps://webapps.liu.edu/esignaturehttps://my.liu.edu/https://my.liu.edu/https://my.liu.edu/https://my.liu.edu/https://webapps.liu.edu/esignaturehttps://my.liu.edu/


9/29

6

Undergraduate financial aid includes Federal Pell Grants, Federal SEOG, Federal SDS Awards, and undergraduate TAP.Any Pharm. D student, who remains an undergraduate student in the fifth year of the program, is not eligible to receive theFederal Pell Grant or Federal SEOG awards. Continued TAP eligibility will depend on the number of TAP points (48maximum) already utilized by the student.

The levels of borrowing for the Federal Direct Student Loan Program are also different for undergraduates than forgraduates. Scholarships and grants funded by L.I.U. are only available for the undergraduate portion of the combined oradvanced degree programs for up to eight semesters. This applies to students who may have received a baccalaureatedegree in another discipline prior to receiving a degree in one of the combined or advanced degree programs.

L.I.U. Scholarships and Grants

The Free Application for Federal Student Aid (FAFSA) must be completed each year within stated deadline dates.Without FAFSA information, no awards may be given. The application is available on-line at www.fafsa.ed.gov.

Most s cholarships and/or grants from Long Island University are awarded at the time of a students admiss ion to theUniversity. Recipients must meet the general admissions criteria of both the University and the department of theiracademic plan (major). When an SAT score is considered for an award, it is based on the combination of the CriticalReading and Mathematics scores only. Scholarship recipients may not be in default of any federal student loans, andmust be U.S. citizens or permanent residents (except for recipients of International Student Grants) who are eligible toapply for TAP and/or Federal Pell Grants. The Free Application for Federal Student Aid (FAFSA) must be completed each

year within stated deadline dates.Award recipients must be full-time students enrolled for a minimum of 12 credits per semester, must maintain this full-

time status, and achieve at least a 3.0 cumulative average. Awards are granted for the standard academic year - fall andspring terms (unless otherwise noted in the award description which appears in the letter of admission), and do not coversummer enrollment. Unless specified in the award description, these scholarship and grant programs are only applicableto the undergraduate phase of any program. Students are required to make progress toward their degree objective.

The Financial Aid Award notice(s) provides annual award amounts and most are divided in half to determine the persemester award. Students attending only one term will only see that particular semester on their award notice. Grants-In-Aid (G.I.A. - athletic awards) are calculated after TAP and/or Federal Pell Grants are applied. The exact dollar amount ofthe award is calculated up to the stated percentage, e.g. 50%, 100%, etc.

Baccalaureate candidates may receive their undergraduate scholarship for up to eight full-time semesters. If the studentdoes not complete his/her degree requirements within this timeframe, a petition must be made with the ScholarshipCommittee for an additional term. Scholarship assistance does not cover courses that are repeated or additional coursesrequired because of a change of academic plan (major).

Deans Awards are available to undergraduate students, including international students, who earned at least a 3.7semester average while registered for 16 credits or more in a single term. When this occurs, the student is eligible for theDeans Award in the following term, as long as he/she is registered for a minimum of 16 credits. This award is nottransferable to any other term, and is not available during any summer terms, and is only applicable to the undergraduatephase of any program. The award for a registration of 16 or 17 credits is $1,000 and for a registration of 18 or morecredits, the award is $1,200. Students may apply for the Deans Award by visiting the Academic Dean of their major.

Deans Scholarship Students who receive 4 consecutive monetary Deans Awards are eligible to apply for the DeansScholarship with their Academic Dean, who makes the recommendation to Integrated Student Financial Services. TheDeans Scholar ship is limited to the undergraduate phase of any academic plan, and provides $10,000 per year.

Students who are the recipients of University Scholars Awards and Presidential Scholarships are also eligible for theDistinguished Scholars Award. Based on a minimum registration of 16 credits (12 credits of which are in core curriculumcourses until the student progresses academically beyond this requirement) this award provides up to an additional $500for 16 credits, $1,000 for 17 credits, and $1,500 for 18 or more credits, per semester. After registration is finalized,students may petition for this award with the Integrated Student Financial Services Office. To maintain this award,students may not withdraw from the additional credits upon which the award was given.

Students may be awarded only one of the following University-funded scholarships or grants at the time of theiradmission to the University: University Scholars Awards, P residential Scholarships, Provosts Excellence Awards,Academic Incentive Awards, or MLK/Jose Marti/Institute de Puerto Rico Awards.


10/29

7

Global Studies Program - Scholarships and Grants include the Directors Award, Founders Scholarships, Peace andJustice Scholarships, International Understanding Scholarships, and Deans Scholarships. Awards are based on thegrade point average of the student, or on contribution to the community, or on verifiable educational experiences abroad.

Activity Scholars and Activity Service Awards are available to students in specific academic plans or who are participating in campus activities, and are awarded for one year at a time. Majors include Art, Communication Studies,Dance, Journalism, Media Arts, Music, Physical Therapy, Urban Education and Sports Science. Campus ActivitiesProgram, Cheerleading/Dance Teams, and Pep Band are also categories for awards. Awards generally range from$1,500 to $5,000 per year and require the recommendation of the Chair of the Departments involved.

Students who are graduating during the fall or spring terms of the academic year, and whose resulting enrollment is notfull time (12 credits), may receive a prorated amount of their original scholarship/grant. For example, a student who isregistered for six credits (1/2 time) will receive one half of his/her original award amount, which was based on full-timeattendance.

Graduate students are required to sign all contracts offering any Campus-funded assistantships, fellowships orscholarship (with or without a stipend) within one month of the start date of the semester in order to accept their award.They are required to complete the Free Application for Federal Student Aid (FAFSA) each year. Full matriculation statusis required, and students must meet all minimum academic standards for their award which generally include a minimumcumulative grade point average of 3.0.

Undergraduate scholarships and grants are not applicable to the graduate portions of any combined DUAL career(Bachelors/Masters or advanced degree programs) including, but not limited to Occupational Therapy, Athletic Training,

Accounting, Adult Nurse Practitioner, Education, and Pharm. D. Since undergraduate scholarship funding ceases after amaximum of eight semesters, this will happen whether or not the student progresses to the graduate phase of theprogram. Students in the DUAL career generally reach this point after earning more than 128 credits and Pharm D.students after earning 138 credits.

Recipients of specific undergraduate scholarships, who are full-time students entering the graduate phase of thesespecific programs are no longer eligible for their undergraduate awards. However, for those with specific undergraduatescholarships, and who earn a cumulative average of 3.5 or higher, the Graduate Excellence Award will be given and thisprovides $2,000 per year toward tuition.

No combination of University undergraduate scholarship/grant awards may exceed 100% of the cost of tuition. Thisalso applies to awards from outside sources that are for tuition only and, when combined with an L.I.U. award, cannotexceed 100%. Awards received from outside sources, earmarked for the student and Long Island University will be

applied to a students account before University assistance. If appropriate, any University assistance will be reduced sothat no combination of awards exceeds the 100% cost of tuition and fees.

Students receiving University Scholars Awards, Deans Scholarship s, or Presidential Scholarships may not also receiveActivity Scholars/Activity Service Awards.

Entering students applying for admissions who are home schooled will have their secondary credentials evaluateddepending on the certification given. If a four-year high school diploma is available, that average will be used todetermine eligibility for scholarship assistance. If the high school average is based on less than four years, then adiploma from a state education department is required.

For these students, after their first semester of attendance at Long Island University, for an enrollment of at least 15credits (at least 12 in core curriculum c ourses), an evaluation for scholarship assistance will be made based on that termscumulative average: University Scholars Award (3.75 4.00); Presidential Scholarships (3.50 3.74); ProvostsExcellence Awards (3.40 3.49); Academic Incentive Awards (all others). Awards made on the basis of this criteria, willbe awarded retroactively to include the fall term as well.

For home schooled students who took the SATs, awards will be issued on the basis of those scores based on thefollowing combined scores: University Scholars Award (1350+); Presidential Scholarships (1300 1349); ProvostsExcellence Award (1250 1299).

Continuing students who have any of the following awards may not receive a Continuing Student Scholars Awards: Any100% scholarship or grant, or any combination of awards which cover 100% tuition. Applications for this award are madethrough the Office of Student Retention and Development.

While summer scholarship assistance is not generally available, students who are graduating at the end of the summer


11/29

8

may apply for this assistance with the Integrated Student Financial Services Office, provided funds are available.Applications must be made in advance, during the spring term directly before the final summer term, and the student mustbe eligible to graduate at the end of summer. Awards given during the summer terms are not supported at the academicyear level, may provide lesser amounts, and may not be available every year.

LIU Alumni Incentive award is available to Brooklyn campus graduating students who graduate with a minimum 3.0GPA and are automatically accepted to a Brooklyn campus graduate program or to Brooklyn g raduating Masters degreestudents who graduate with a minimum 3.0 GPA and are accepted to a 2nd Brooklyn campus graduate program.

LIU Distinguished Alumni Award is available to Brooklyn campus graduating students who graduated with a minimum3.50 GPA and are automatically accepted to a Brooklyn campus graduate p rogram or to Brooklyn graduating Masters degree students with a minimum 3.50 GPA and are accepted to a 2nd Brooklyn campus graduate program.

Graduating B achelors degree students who graduate with a minimum 3.0 average and are automatically accepted to aBrooklyn campus graduate program are eligible for the LIU Alumni Incentive award. Graduating baccalaureate studentswho graduated with distinction and earned at least 3.50 cumulative average and are automatically accepted to a Brooklyncampus graduate program are eligible for the LIU Distinguished Alumni award.

Endowed Scholarships are available to Undergraduate students. These scholarships are established through thegenerosity of alumni, friends, corporations and foundations, and are awarded annually based on the criteria set forth bythe donor. Many scholarships were created to honor or memorialize a favorite professor, a cherished classmate or abeloved spouse. Applications are available online and should be returned to Pratt 510, Scholarship Assistance Program.

If a scholarship recipient did not graduate but left the University, and is readmitted to the University (maintained theminimum cumulative average of his/her award), undergraduate scholarship assistance will be reinstated according to theguidelines existing in the current term for which the student is readmitted. Students must request reinstatement ofscholarship assistance at the time of reapplication to the University. Similarly, if a scholarship is canceled for academicstanding reasons, and if eligibility is regained at a later time, the award will be reinstated according to current guidelines.

University-funded scholarships and grants will not be reinstated for students whose registration was canceled and whosubsequently request reinstatement. Also, no awards will be reinstated because of a students lack of timely applicationfor the FAFSA or the Universitys receipt of its electronic information after the standard academic year has ended, andwhen TAP and Federal Pell Grants are no longer available.

Generally, University Scholars Awards and Presidential Scholarships are not available to students who do not score atleast 480 in critical reading on the SAT. These students, whose academic records are otherwise strong, may be requiredto take a placement test or be interviewed by a Scholarship Committee member before a scholarship decision is made.

Campus-funded assistance does not cover fees, more than two credits of private music instruction per semester,payment to affiliate music instructors of a fee higher than the University's prevailing rate, nor does it pay for coursesrequired off-campus, in hospitals, or other locations. Campus-funded scholarships and grants may not be included in anyconsortium agreements between L.I.U. and other institutions.

The total number of Campus-funded scholarships, grants, assistantships, fellowships, etc., offered each year by theUniversity is dependent on the availability of funds. The University reserves the right to change its scholarship and grantpolicies accordingly.

All students are encouraged to use the Internet as a resource for finding other sources of financial aid and scholarshipsand grants that may be available to assist with meeting college costs such as www.finaid.org/scholarships , and

http://dir.yahoo.com/education/financial_aid .

LIU is proud to participate in the Yellow Ribbon Program. The Yellow Ribbon Program is designed to aid post 9/11Veterans pay tuition and fees. For more information, contact the Office of the Registrar at (718) 488-1013.

The GAPP program permits Brooklyn Campus and Arnold & Marie Schwartz College of Pharmacy & Health Sciencesalumni who have held their degrees for two years or longer to register for a lifetime maximum of 12 credits in credit-bearing undergraduate courses at the Brooklyn Campus for which prerequisites are completed. Some courses mayrequire departmental approval. Continuing Education and certificate courses are excluded from this program. Studentsare responsible for a $200 registration fee per semester as well as any course fees. Per credit tuition and fees are waived.
http://www.finaid.org/scholarshipshttp://www.finaid.org/scholarshipshttp://www.finaid.org/scholarshipshttp://dir.yahoo.com/education/financial_aidhttp://dir.yahoo.com/education/financial_aidhttp://dir.yahoo.com/education/financial_aidhttp://www.finaid.org/scholarships


12/29

9

Long Island University

Undergraduate Scholarships and Grants

Award Name

University ScholarsAwards

PresidentialScholarships

DistinguishedScholars Award

Provost'sExcellence

AwardsAcademic

Incentive Awards Study Grant

RisingFreshman

Spring Award

Eligibility Criteria

Freshmen Minimum92 H.S. Average,1300 CombinedCritical Reading andMath SAT Scores

FreshmenMinimum 88 H.S.Average, 1200Combined CriticalReading and MathSAT Scores

Recipients of aUniversityScholarship,Dean'sScholarship orPresidentialScholarship, whoare Registeredfor 16 or MoreCredits mayApply for thisAward

FreshmenMinimum 88H.S. Average

Entering Full-TimeUndergraduateswho do notReceive anAcademic orSkills Award atTheir Time ofAdmission

Entering Full-Time, First-TimeFreshmen

BeginningFall 2010

First-TimeEnteringFreshmen in

the Fall Termwho Completeat Least 12Credits andEarn at Leasta 2.00 GradePoint Averagein that FallTerm

BeginningSpring 2010

Transfer students with 24 or fewer

transfer credits

accepted by LIU

Transfer Students with a minimum 25

transfer credits

accepted by LIU

Minimum 92 H.S.Average, 1300Combined CriticalReading and MathSAT Scores

Transfer studentswith a minimum 3.75cumulative average.

Minimum 88 H.S.Average, 1200Combined CriticalReading and MathSAT Scores

Transfer studentswith a minimum3.50 cumulativeaverage

Minimum 88H.S. Average

Transferstudents witha minimum3.3.cumulativeaverage

Special Conditions

Individual SATVerbal Score MayNot Be Less Than480

No Individual SATCritical ReadingScore Less Than480 Transfers -PH Majors - Max50 per Year PTMajors - Max 20per Year

Requires aMinimum,Constant 16Credits per TermRegistration(with no LessThan 12 in CoreCurriculum) ThisAward is forUndergraduatePrograms Only

AcademicIncentiveAwardees maynot also Receivethe UniversityScholars,PresidentialScholarship, orProvostsExcellenceAward

Not Availableto Students inSpeciallyFundedProgramsSuch as100% GIA,A.O.E.HEOP,Global Studiesor Off-SiteStudents

This is a One-Time GrantWhich is OnlyOffered in the

Spring TermNot Availableto Students inSpeciallyFundedProgramssuch as 100%GIA,A.O.E.HEOP,Global Studiesor Off-SiteStudents

Combining Awards

University Scholarsrecipients are alsoeligible for theDistinguish ScholarsAward if registeredfor 16 or moreCredits

PresidentialScholarshipRecipients arealso Eligible forthe DistinguishScholars Award ifRegistered for 16or More Credits

Award Amount

Tuition Up to$10,000 Per Year($5,000 Per Term)

Tuition of $7,500Yearly ($3,750Per Term)

Credits: 16=$50017=$100018=$1500 Up to8 Terms

Tuition of$5,000Annually $3,000 Annually

$2,000Annually

$1,000 forOne SpringTerm Only

Renewal Average 3.0 3.0 3.0 3.0 3.0 2.0 2.0


13/29

10

Long Island UniversityUndergraduate Scholarships and Grants Continued

Award Name

PharmacyAlumniAwards

AthleticGrants-In-Aid

ActivityScholars/Service

AwardsMLK/Jose Marti

Awards

HonorsResidence orTravel Awards

HonorsMerit/Book

Awards Mentor Awards


PharmacyAlumni MustRecruitStudentBeforeHe/She isAccepted

Must MeetEligibilityRequirementsof the NCAA

AcademicAchievement,Talent/Skills in Art,Dance, Cheerleader,Journalism, MediaArts, Music, Sports-Science, Commun.Stud., UrbanEducation

FreshmenMinimum 85 H.S.Average, 1000Combined SAT,Written Essay,Interview, MustHave TAP andFederal PellGrant Elig. Basedon AcademicMerit andFinancial Need

Residence:FreshmenMinimum 88H.S. Avg. 1150Combined SATScoresTransferStudents MustHave a 3.0Cum Average

FreshmenMinimum 88H.S. Average1150Combined SATScoresTransfers 3.0Cum Average

OrientationSeminar LeaderMustRecommendStudents for thisAward

Transfer Students

Men's andWomen'sInter-CollegiateAthletics

Entering UrbanEducation StudentsRequire an 86 H.S.Average - TransferStudents must havea minimum 3.3 Cum.Avg. with 32 Trans.Credits

Transfer orContinuingStudents RequireMin. 3.0 Cum.Average

Travel Award:InterviewRequired -Must beAccepted toHonors VisitingCampus Prog.Residence:Must Reside inResidence HallRoom OnlyAwards

RequiresParticipation inSix Scholarly/ Cultural Eventsand Must GiveTwoPresentationsto HonorsStudents

DepartmentDecides theServiceComponent

Special Conditions

Alumni

VoucherMust beSubmittedBefore theAdmissionsApplication isReceived

Full or PartialTuition andFees After

TAP/PellGrantsFull or PartialRm and/orBoard in theRes. HallBook Voucher

Service Componentin Dept. of up to 15Hours Per Week

Not Available toRecipients ofUniversityScholars,Presidential

Scholarships,Provost'sExcellenceAward, ActivitySchol/ServiceAwards, orCSSA's

Combining Awards

ActivityScholars/Service, inCombination withany Other L.I.U.Awards, may notExceed the Cost ofTuition

MLK/Jose MartiAwards, inCombination withany Other L.I.U.Awards, May NotExceed the Costof Tuition

Award Amount

$1,000Annually

Scholars:$5,000 Annually

Service :$2,500 AnnuallyCheerleaders:$3,000 Per Term

Tuition:$5,000 AnnuallyBook Voucher:$150 Per Term

Travel:One-TimeGrant of $2,500Scholars:$4,400AnnuallyIncentives :$2,200Annually

Merit Award -$500 per Term

Book Vouchersfor $150.00 perTerm

Tuition:$800 Per Term

Book Voucher:$150.00 per Ter

Renewal Average

2.0 2.5 3.0 3.0 3.0 3.0


14/29

11

Long Island UniversityAwards for Continuing Undergraduates Students

Award Name

ContinuingStudent Scholars

AwardDean's Awards

Dean'sScholarships

Campus ActivityProgram Scholars Award

UpperclassmenRecognitionAward

FinancialAssistance Gran


CompetitiveAward Requiringa Minimum 3.6Cum. Average,With a Minimum30 or MoreCredits WithoutProficiencyCourses orIncompletes

Students (IncludingInternational)Enrolled for andSuccessfullyCompleting aMinimum of 16Credits in a TermWith a MinimumSemester Averageof 3.7 May Apply totheir AcademicDean

May be Given inConjunction withother scholarshipsbut not to Exceed100% Tuition

Students whoReceive 4ConsecutiveMonetaryDean's AwardsareRecommendedby theirAcademicDean for ThisAward

Must beRecommendedby Faculty orAdministrator orScholarshipCommittee,InterviewRequired

Available only toRecipients of theAcademicIncentive Awardwho HaveEarned at Least30 Credits fromL.I.U. andAchieved aCumulative GPAof at Least a 3.0

ContinuingStudents in theUGRD Careerwho Earn atLeast 60Credits at L.I.U.and Achieve aMinimum 3.0CumulativeGrade PointAverage areEligible for thisAward

ForUndergraduatesDemonstratingExceptionalFinancialNeed (FAFSAEFC of 3000 orBelow)

Special Conditions

Students mayApply for thisAward byContacting theScholarship

AssistanceProgram for anApplication, Pratt510

Off-Campus Dean's

Award: Min. of 12Credits and Min. 3.7Sem. Average -Awards $1,000 pertermOff-CampusScholars Award:Min. 30 Credits &3.3 Cum. Average -Awards $500 peryear. OnlyApplicable for the"Undergraduate"Phase of ProgramsThe Dean's Awardis not Available forSummer Terms nor

may it beTransferred to anyOther Term

Only Applicablefor the "Under-

graduate"Phase of anyProgram

ServiceComponent withDepartment of upto 15 Hours PerWeek;May Not AcceptAny OtherEmploymentProgramStudents mayApply for thisAward by

Contacting theDirector ofStudent Activities

Not Availableto Students inSpeciallyFunded

Programs or inSpecificCareers

Available toStudents whoComplete theFinancial AidProcess Prior toMay 1st of EachYear (ContingenUpon FundsBeing Available

Not Available toStudents in

Specially FundePrograms or inSpecific Careers

Combining Awards

The ContinuingStudent ScholarsAward, WhenGiven inCombinationwith any OtherL.I.U. Awards,may not Exceedthe Cost ofTuition

InternationalStudents mayreceive this award inaddition to theInternationalStudent Grant

The Dean'sScholarship,When Given inCombinationwith any OtherL.I.U. Awards,may notExceed theCost of Tuition

Award Amount $4,000 Annually

Monetary Awardsare Available for theTerm DirectlyFollowing theEarning of theAverage andProvide Funding for16-17 Credits -$1,000; for 18+Credits - $1,200Award

Tuition$10,000Annually $2,500 Per Term $2,000 Annually

$2,000Annually

$2,000 Annually

Renewal Average 3.0 3.7 3.0 3.0 3.0 3.0 2.0


15/29

Long Island University

Awards for Continuing Undergraduate and Graduate Students

Award Name

InternationalStudent

Grant/ScholarsAward

Global StudiesProgram

Global StudiesRecognition

Award/Study AbroadScholars Award

Graduate Awards/GraduateExcellence Award

Graduate Awards:LIU Alumni Incentive/L

Distinguished Alumni AwLIU Graduate Incentive Aw


For Non-U.S.Citizens or Non-PermanentResidents OnlyGrants: EnteringStudents withExcellentAcademicCredentials

Scholarships Include:Founders, Peace andJustice, InternationalUnderstanding, Merit,Service, Global Citizenand Dean'sScholarships

Global StudiesNeed-Based Grant isAwarded to StudentsDemonstratingExceptional FinancialNeed

Recognition:AcknowledgingContinuing Enrollmentand AcademicAchievement, Studentswho are in the GlobalStudies Program andEarn at Least 60 Creditswith a Minimum 3.0Cumulative Average areEligible for This Award

Study Abroad:For non-Global StudiesStudents Participating inthe 1 Term StudyAbroad Experience withthe Global StudiesProgram

Assistantships, Fellowships/ Scholarships are offeredthrough various AcademicDepartments, Which haveTheir Own Criteria and MayRequire Service in theDepartment

Graduate Excellence Award:Full-time (12 Cr.) Enrollmentin the Graduate Phase of aBS/MS or Pharm.D.Program With a Minimum3.5 Cumulative Average

Available to Brooklyn CamGraduating Students who Automatically Accepted toBrooklyn Campus GraduatProgram or to BrooklynGraduating Graduate studewho are accepted to a 2Brooklyn Campus GraduatProgram.

.

Special Conditions

Scholars Award:ContinuingStudents whoHave Completedat Least TwoFull-Time Termsat L.I.U. with Min.GPA of 3.0Requires aMinimumRegistration of15 Credits PerTerm

Based on the GradePoint Average,Contribution toCommunity, orVerifiable EducationalExperiences Abroad,the MinimumRegistration forEligibility is 12 CreditsEach Term

Study Abroad:Available to Full-timeUnder- graduateStudents (12 Credits orMore) - RequiresRecommendation byAcademic Department

Requires a FAFSAAwards Vary in Amount for

Tuition.

Physical Therapy ScholarsAward: Requires 12 Creditsper Term

All Contracts are Issued bythe Graduate Dean's Officeand Must be Signed andExecuted before Stipendsare Issued or BeforeEmployment in aDepartment may Begin

LIU Alumni Incentive

Graduated with 3.0 GPABegins Fall 2010

LIU Distinguished AlumniGraduated with 3.5 GPABegins Fall 2010

LIU Graduate IncentiveGraduated with 2.0 GPABegins Fall 2011

Combining Awards

Global Studies Awardsin combination withany other L.I.U. fundedawards may notExceed the Cost ofTuition

Graduate Awards inCombination with any otherL.I.U. Funded Awards maynot Exceed the Cost ofTuition

Graduate Awards inCombination with any otheL.I.U. Funded Awards mayExceed the Cost of Tuition

Award Amount

Grants: $2,000AnnuallyScholars: From$750 - $2,500

Awards Range from$2,000 to $12,500 PerYear

Study Abroad:One-Time Grant of$1,400

Recognition:$1,000 Annually

Specified Dollar Amounts forTuition Only. PhysicalTherapy Scholars Awardsare $10,000 per year

Graduate Excellence Award:$2,000 Annually

Based on the TermRegistration, the fundedamounts for these awardsvary:

LIU Alumni Incentive:6 Credits - $2,500/yr7 11 Credits - $4,000/yr12 + Credits - $6,000/yr

LIU Distinguished Alumni6 Credits $3,500/yr7 11 Credits - $5,000/yr12 + Credits - $7,000/yr

LIU Graduate Incentive:6 Credits - $1,500/yr7-11 Credits - $3,000/yr12+ Credits - $5,000/yr

Renewal Average 3.0 3.0 3.0 3.0 3.50 3 3.50

12


16/29

13

EDUCATIONAL LOANSBesides the Federal Perkins Loan Program and the Health Professions Student Loan Program previously described inthis publication, Long Island University participates in the Federal Direct Student Loan Programs, including Subsidized,Unsubsidized, Parent PLUS and Graduate PLUS Loans. To find out which of these loans are available to you, simplyread your Financial Aid Award Notice or access your My LIU account, which lists your eligibility for any or all of theseprograms as well as the maximum amount you are allowed to borrow.

Since loans are a serious obligation, we hope you will take advantage of all the information available to you on theInternet and o n our offices w ebsite. The U.S. Department of Education provides a wealth of information about FederalDirect Student Loans on their Direct Loan Servicing On-line website - www.studentloans.gov .

Federal Direct Subsidized Loans:

The Subsidized Loan is available to undergraduate and graduate students demonstrating financial need as determined bythe federal government and the Office of Student Financial Services. It is repayable at a very low variable interest rate sixmonths after graduation or termination of half-time studies. The six-month grace period may vary according to variousborrowing histories. As of July 1, 2011 the interest rate for undergraduate students is a fixed 3.4% and for graduatestudents a fixed 6.8%.

Federal Direct Unsubsidized Loans:

The Unsubsidized Loan is available to independent students, dependent students, and to students who do notdemonstrate financial need (see the charts on the following pages). They are offered at a low variable interest rate andrepayment of interest begins 60 days after disbursement of loan proceeds, while the student is still in school. Interestpayments are made quarterly (every three months). For sample interest payments see the Sample Repayment Char t forUnsubsidized Loans in this brochure. As of July 1, 2011 the interest rate is a fixed 6.8% for all borrowers (undergraduateand graduate).

Federal Direct Parent Loan for Undergraduate Students (PLUS):

If you are a dependent student, a Parent PLUS Loan will be offered in your financial aid award notice and is meant foryour parents consideration. Parent borrowers have the option of beginning repayment on the loan either 60 days afterthe loan is fully disbursed or six months after their student graduates, or ceases to attend at least half-time. The interestrate for PLUS Loans as of July 1, 2011 is 7.9%. To qualify, parents must have a satisfactory credit history, but anendorser (co-signer) is permitted if the initial loan is denied. If a parent is unable to secure an endorser the student may

be eligible to apply for increased eligibility for an Unsubsidized Loan. Amounts borrowed are also linked to the number ofcumulative credits earned.

For eligible parents in repayment, interest and principal may be deferred for those who meet economic hardship,forbearance, or educational criteria set by the federal government and these loans can be capitalized.

Federal Direct Graduate (PLUS) Loans:

Graduate students may be offered a Graduate PLUS Loan on their financial aid award notice, which will indicate themaximum that may be borrowed for the academic year. Repayment of this loan begins 60 days after loan disbursement.The interest rate for Graduate PLUS Loans as of July 1, 2011 is 7.9%. To qualify, you must have a satisfactory credithistory, and an endorser (co-signer) is permitted if the initial loan is denied. For eligible students, interest and principalmay be deferred for those who meet economic hardship, forbearance, or educational criteria set by the federal

government and these loans can be capitalized.

Accepting/Reducing and Declining Federal Direct Student LoansAccepting Loans

First-Time Loan Borrowers :1) Accept your loans online at my.liu.edu (page 25 )2) Complete an electroni c Entrance Counseling at www.studentloans.gov (page 23)

a. Entrance Counseling is a loan borrowers major source of information on the loans and the federalgovernment requires that you complete an Entrance Counseling before your loan may be disbursed

b. Financial aid counselors are available to answer any questions you may have regarding borrowing
http://www.studentloans.gov/http://www.studentloans.gov/http://www.studentloans.gov/http://www.studentloans.gov/http://www.studentloans.gov/http://www.studentloans.gov/http://www.studentloans.gov/http://www.studentloans.gov/


17/29

14

educational loans3) Sign your electronic Master Promissory Note (MPN) at www.studentloans.gov (page 23 )

a. This is a master promissory note which means you may not need to complete it again if you borrow everyyear. This MPN is archived with the federal government and all future disbursements are charged to thisoriginal MPN.

b. Direct Loans will send you a Disclosure Statement for every Direct Loan that is borrowed

The University processing center will send you a notice after a loan has been disbursed to your account notifying you thatyou have 14 days in which to cancel your loan. If the above steps are not completed in a timely manner, the IntegratedStudent Financial Services Office will cancel any Federal Direct Student Loans you may have been awarded, and nofunds will be disbursed to your account. V isit our offices website www.liu.edu/brooklyn/financial-services for moreinformation on educational loan borrowing

Continuing Loan Borrowers (Who Signed an Master Promissory Note (MPN) in a Previous Academic Year):

If you are a continuing student, registered for at least 6 credits, your loans will be processed unless you decline them.You do not have to sign a new MPN if you have borrowed direct loans the preceding year. As long as you want theloan(s) for the exact amount that appears on your award notice, you dont need to do anything. Once your loan isprocessed and disbursed by COD they will send you a Disclosure Statement .

Parent PLUS Loans:1) Complete an electronic Master Promissory Note (MPN) at www.studentloans.gov (page 23)

a. The parent borrowing the loan must sign the MPN with their own federal PIN; this is different from thestudents federal PIN. A PIN can be requested at www.pin.ed.gov

b. Complete the Loan Adjustment Form on the back of this guidec. If you wish to accept the full amount of the PLUS Loan - In the Request to Accept Federal Direct PLUS

Loans check the line that starts My parent wishes to accept the full amount of the Fed. Direct PLUS .The full amount is the amount indicated on the 2011-2012 Financial Aid Award Notice.

d. If you wish to accept a lower amount In the first section of the Loan Adjustment Form check Reduce myparent(s) Federal Direct PLUS Loan. Indicate the original amount and the new amount being requested.

e. Both the student and the parent who is borrowing the PLUS loan must sign the Loan Adjustment Form2) A printed copy of the MPN along with the Loan Adjustment Form must be to the Integrated Student Financial

Services Office3) Credit Check will be completed by Direct Loans - disbursement is contingent upon the success of the credit check

a. If the loan is denied, the borrower may seek an endorser (co-signer).4) To find out if the PLUS loan has been disbursed, check your My LIU account on the first disbursement date for

the term of your loan, indicated on page 16, or 20 days after submitting the PLUS documents whichever is later.

Graduate PLUS Loans:1) Complete an electronic Entrance Counseling at www.studentloans.gov (page 23)

a. This loan counseling session is different from the one for the Subsidized and Unsubsidized Loan Program2) Complete an electronic Master Promissory Note (MPN) at www.studentloans.gov (page 23)3) Complete the Loan Adjustment Form on the back of this guide

a. If you wish to accept the full amount of the PLUS Loan - In the Request to Accept Federal Direct PLUSLoans check the line that starts I wish to accept the full amount of the Fed. Direct Graduate PLUS . Thefull amount is the amount indicated on the 2011-2012 Financial Aid Award Notice.

b. If you wish to accept a lower amount In the first section of the Loan Adjustment Form check Reduce myFederal Direct Graduate PLUS Loan. Indicate the original amount and the new amount being requested.

c. Complete and sign the bottom portion of the form4) A printed copy of the Entrance Counseling, MPN and Loan Adjustment Form must be to the Integrated Student

Financial Services Office5) Credit Check will be completed by Direct Loans - disbursement is contingent upon the success of the credit check

a. If the loan is denied, you may seek an endorser (co-signer).6) To find out if the PLUS loan has been disbursed, check your My LIU account on the first disbursement date for

the term of your loan, indicated on page 16, or 20 days after submitting the PLUS documents whichever is later.

Some important information regarding PLUS Loans:

1) If a graduate student or a parent borrowed a PLUS loan from L.I.U. in the prior year, signing a new MPN is notnecessary unless an endorser was used in the previous year. A copy of last years MPN can be printed fromhttp://www.studentloans.gov and s hould be submitted with the completed Loan Adjustment form for the processdescribed above. However, if an endorser was used with that loan, a new MPN is required.
http://www.studentloans.gov/http://www.studentloans.gov/http://www.studentloans.gov/http://www.liu.edu/brooklyn/financial-serviceshttp://www.liu.edu/brooklyn/financial-serviceshttp://www.liu.edu/brooklyn/financial-serviceshttp://www.studentloans.gov/http://www.studentloans.gov/http://www.studentloans.gov/http://www.pin.ed.gov/http://www.pin.ed.gov/http://www.pin.ed.gov/http://www.studentloans.gov/http://www.studentloans.gov/http://www.studentloans.gov/http://www.studentloans.gov/http://www.studentloans.gov/http://www.studentloans.gov/http://www.studentloans.gov/http://www.studentloans.gov/http://www.studentloans.gov/http://www.studentloans.gov/http://www.studentloans.gov/http://www.pin.ed.gov/http://www.studentloans.gov/http://www.liu.edu/brooklyn/financial-serviceshttp://www.studentloans.gov/


18/29

15

2) If a PLUS loan is denied due to a credit or co-signer issue, the borrower has 90 days from the notification the DirectLoan Servicer sends to finalize the loan request. This includes finding a new co-signer, applying for a new loan, etc.

Changing Loans (Amount of Loan or Period of the Loan):

If you wish to borrow less or you want to change the period of the loan (summer/fall instead of fall/spring), you mustcomplete the Loan Adjustment Form (last page of this publication). Once completed, submit the form to the IntegratedStudent Financial Services Office.

Students requesting adjustments to their loans after they are disbursed must receive permission from this office (on theLoan Adjustment Form) before any action can be taken. All or part of refunds disbursed as a result of the loan may needto be returned before a loan can be adjusted. For parents wishing to change their Parent PLUS Loan amount, theirsignature is also required on the Loan Adjustment Form.

Applying for a Federal PIN:

YOU MUST KNOW YOUR PIN to electronically complete your Entrance Counseling or MPN. For students, this PersonalIdentification Number (PIN) was sent to you via mail or e-mail by the federal government after you completed the FAFSAor Renewal FAFSA. To apply for or retrieve a lost PIN go to www.pin.ed.gov (See below for details). If you are adependent student one of your parents will need their own PIN to sign either your FAFSA, and/or their MPN.

A Personal Identification Number (PIN) allows you to - sign FAFSA applications electronically, complete your LoanEntrance Counseling, sign your MPN, Log-in to view and keep abreast of your loan accounts and more.

To Apply for a PIN go to www.pin.ed.gov and click Apply for a PIN; you will need your SS#, date of birth and full name,home and/or email address. If you complete the process with your email, you will receive within 1 - 3 days; regular mailwithin 7-10 days

To request a Duplicate PIN go to www.pin.ed.gov and click Request a Duplicate PIN.

Declining Loans

If you wish to decline one or all of your loan(s), you may do so online at my.liu.edu . Follow the instructions on page 27.Please note that if your loan has already been disbursed to your account, you must contact this office to determine howthis will affect your billing with the University and complete a Loan Adjustment Form.

Deadline Dates for Adjusting or Declining Loans :

Students and parents may request that the University make an adjustment and/or cancellation of a loan after it isdisbursed to their account, but must do so within specific time periods. After a loan disburses, the University processingcenter will send a notice to students that they have 14 days in which to cancel their loan. However, the Integrated StudentFinancial Services Office will work with students after that time to make adjustments (including cancellations) to their loanstatus. However, these requests for exceptional consideration must be made within 30 calendar days of the loans firstdisbursement to the students account. This applies to all loans in the Federal Direct Student Loan Program/PLUS LoanProgram.

After that time, if a student or parent, who received a refund from loan proceeds, decides that the refund is not needed,he/she may choose to make an advanced payment on the loan(s). The loan will not be reduced but rather the studentand/or parent will be making an advanced payment on the principle. This can be done by sending a check to the federal

loan processor at the following address: U.S. Department of Education, Direct Loan Payment Center, P.O. Box 530260,Atlanta, GA 30353-0260,Tel #:1-800-848-0979.

To do any of the above, the Loan Adjustment Form on the back cover of this booklet is required and may be submitted inperson, by fax or by mail to the Integrated Student Financial Services Office within the stated deadlines. We encouragestudents to make an appointment to visit our office with the completed form to discuss declining all or part of the loan(s)before clearing bills.

Disbursement dates are set each year for the loan programs and for your convenience we have provided a list ofestimated loan disbursement dates. Please be aware that these dates are scheduled to change without notice.
http://www.pin.ed.gov/http://www.pin.ed.gov/http://www.pin.ed.gov/http://www.pin.ed.gov/http://www.pin.ed.gov/http://www.pin.ed.gov/https://my.liu.edu/https://my.liu.edu/https://my.liu.edu/https://my.liu.edu/http://www.pin.ed.gov/http://www.pin.ed.gov/


19/29

16

Loan Facts

Federal Direct Loans will be Disbursed after these Anticipated Disbursement Dates:

Session Loan Period 1st Disb. 2nd Disb .

Summer Only 5/16/2011 9/01/2011Entering Students

5/6/20116/6/2011

7/07/2011

Summer/Fall 5/16/2011-12/23/2011Entering Students

5/6/20116/6/2011

8/29/2011

Fall Only 9/7/2011-12/23/2011Entering Students

8/29/20119/29/2011

11/2/2011

Fall/Spring 9/7/2011- 5/09/2012Entering Students

8/29/20119/29/2011

1/09/2012

Spring Only 1/17/2012- 5/09/2012Entering Students

1/09/20122/09/2012

3/9/2012

Deadline Dates for Applying for Federal Direct Student Loans:

Summer Only August 4, 2011Summer/Fall December 8, 2011Fall Only December 8, 2011Fall/Spring April 27, 2012Spring Only April 27, 2012

Federal Direct Student Loans - Academic Status and Aggregate Loan Limits:

Dependent Students Independent StudentsSubsidizedAnnual Limit

Unsubsidized*Annual Limit

SubsidizedAnnual Limit

UnsubsidizedAnnual Limit

Freshmen $3,500 $2,000 $3,500 $6,000Sophomores $4,500 $2,000 $4,500 $6,000Juniors/Seniors $5,500 $2,000 $5,500 $7,000Aggregate Limits $23,000 $23,000 $34,500Graduates $8,500 $12,000Aggregate Limits $65,500 $73,000*In addition to PLUS Loans

Borrowing for the Summer or Spring Semester Only:

Your financial aid award notice is sent on the assumption that you wish to attend the semesters of the traditionalacademic year that is, fall and spring. If you wish to borrow for a summer or spring semester only, you must visit thisoffice and request loan funding by completing the Loan Adjustment Form . Before you can apply, you must be registered

for at least six credits, and this office must have received your completed 2011-2012 FAFSA information. A loan for theperiod summer only is permitted if you are graduating at the end of the summer. Otherwise, you should borrow for thesummer/fall period.

In order for us to determine if you are eligible for a summer/fall or spring semester only loan, we need to review anyborrowing that you requested in the previous term. For example: If you borrowed a spring 2011 only loan at the maximumannual limit, then you will not have eligibility to borrow in the summer 2011/fall 2011 terms directly following it. If you onlyborrowed part of the annual maximum for that spring 2011 only loan, then you may be eligible to borrow the balance forthe summer 2011/fall 2011. If you apply for a summer 2011/fall 2011 loan, and lose eligibility for the summer 2011 portionof that loan, we are required to cancel both terms of the loan. This office will be happy to assist you with your loanborrowing periods as you plan each years enrollment . Please visit us with your questions and let us help you to decideyour borrowing needs.


20/29

17

Seven-Month Rule:

If you borrow the maximum annual loan amount for one term (for example, summer) you must waitseven months before you can borrow again. Therefore, if you are a sophomore student (whose annualsubsidized loan maximum is $4,500) and you borrow $4,500 in the summer, you may not borrow againuntil the following spring term.

Borrowing from Two Schools for the Same Loan Period:

If you are a transfer student who comes to L.I.U. during a spring term, and you previously borrowed a two-term loan atanother school for the prior fall term, you may not have remaining eligibility to borrow at L.I.U. The spring semester portionof the original loan must be canceled by your former school before any new loan can be processed on your behalf.

If on the other hand, you are a transfer student who borrowed the maximum amount permitted during that fall term, priorto transferring to L.I.U., you most likely will not be able to borrow a new loan. If the amount you borrowed was not themaximum, the remaining balance may be available.

When Loan Repayment Begins:

Repayment on educational loans generally begins six months after the date you graduate, leave school, ordrop below half-time enrollment (6 credits). The six-month timeframe is called the grace period. If you shouldreturn to school at least half-time before the grace period ends, repayment of the loan would again bedelayed until six months after you finally leave school. The first payment on a Federal Direct Student Loan isdue within 60 days after the grace period expires. The first payment on a Federal Direct PLUS Loan is duewithin 60 days after the loan disbursement occurs (unless the parent requests a deferment).

Sample Repayment Chart for Unsubsidized Loans:

If you do not demonstrate financial need, the Unsubsidized Loan program is available to help meet your educationalcosts. Repayment of interest begins 60 days after disbursement of loan proceeds while you are in school. Interestpayments are made quarterly (every three months), and the following chart shows typical payments that are generallyrequired for an Unsubsidized Loan, repayable at an interest rate of 6.8%.

Loan Amount Quarterly Payment Amount per Month$6,000 $102 $34$7,000 $117 $39$9,500 $159 $53$12,000 $201 $67

If you are a full- time student, you may request deferment of interest while you are in school by capitalizing your loan.However, we strongly urge you not to capitalize because, by doing so, the capitalized interest is added to the principalamount of your loan. This means that interest is then charged on this new increased principal amount. For example, thefollowing chart shows the results of capitalizing a $15,000 unsubsidized loan repaid at 3.37% interest:

LoanAmount

CapitalizedInterest

NewPrinciple

MonthlyPayment

Total to beRepaid

Regular $15,000 -0- $15,000 $147.42 $17,690Capitalized $15,000 $2,641 $17,641 $173.85 $20,862

Prorated Undergraduate Loans:

If you are an undergraduate student who needs only one term to graduate, and it is a summer or fall term, loanregulations require that your loan be prorated. Generally, prorating results in eligibility for half the original loan amount.

Additional Sources of Loan Information:

L.I.U. participates in the Federal Direct Student Loan Program, and there is an abundance of information concerningborrowing, repayment and much more available from the Department of Education - www.studentaid.ed.gov . L.I.U.recommends that all students and parents consider Title IV loan options before borrowing from any non-federal sources.The Financial Aid Award Notice will always list federal loan eligibility before any alternative loan sources. To ensure thatyou receive the maximum state grant possible, you should contact your state higher education agency before you
http://www.studentaid.ed.gov/http://www.studentaid.ed.gov/http://www.studentaid.ed.gov/http://www.studentaid.ed.gov/


21/29

consider borrowing any type of loan(s). For additional loan information visit our w ebsite atwww.liu.edu/Brooklyn/Financial-Services , click on Scholarships, Grants and Loans, and then click onFederal Educational Loan Programs.

Alternative Loan Program Information

If you find that you need funding beyond the limits of the Federal Direct Student Loan Program, you may wish to consideran Alternative Loan. These loans are not guaranteed by the Federal government and are considered private loans. Weurge all students and parents to research any lender they are considering for this type of funding and to specifically ask anumber of key questions, including:

current interest ratesco-signer requirementsrepayment options, both in school and outwhether or not the loan may be sold to another provider

The University does not have a preferred lender for alternative loans; each student has the right to select the educationalloan provider of his or her choice. However, there are a number of independent resources that can be used to evaluateand analyze alternative loan options, including http://studentlendinganalytics.com/alternative_loan_options.html .

If you have considered applying for an alternative loan, you may be required to complete the Free Application for FederalStudent Aid at http://www.fafsa.ed.gov in order for the University to certify your loan eligibility. Alternative loans that areused to cover prior semesters may require additional information for approval, such as letters certifying indebtedness,attendance verification, official transcripts, etc. As such, when requesting funding for prior terms, be sure to reference thecorrect academic year on your application.

The basic process involved with securing alternative loans is the electronic filing of an application, institutionalcertification, and approval information. Generally speaking, electronic filing processing requires at least 72 hours before alender will respond. The University will assist you in this process and will determine for you the maximum loan amount

you will be allowed to borrow based on your estimated cost of attendance and pre-existing financial aid awards. Thecomplete process normally takes 7-14 business days.

18
http://www.liu.edu/Brooklyn/Financial-Serviceshttp://www.custudentloans.org/http://www.liu.edu/Brooklyn/Financial-Serviceshttp://www.liu.edu/Brooklyn/Financial-Services


22/29

19

2011-2012 Schedule of Tuition & FeesUndergraduate Career

Doctor of Pharmacy Career(Rates are per semester)

Richard L. Conolly College of Liberal Arts & SciencesSchool of Business, Public Administration & Information SciencesSchool of EducationSchool of Health ProfessionsSchool of Nursing

Tuition, per credit $ 938.00

Arnold & Marie Schwartz College of PharmacyTuition for 12 to 18 credits, Year 1 and 2 $ 15,023.00Tuition for 12 to 18 credits, Year 3,4,5 $ 17,650.00

Tuition, 37.5 credits, Year 6, billed per credit $ 37,500.00Tuition, per creditless than 12 credits or more than 18 credits

Year 1 and 2 $ 938.00Year 3, 4, 5 $ 1,104.00

Global CollegeTuition for 12 to 18 credits $ 15,023.00Tuition, per credit,less than 12 credits or more than 18 credits $ 938.00

All Colleges and Schools: University Fee12 or more credits $ 690.0011.9 credits or less $ 345.00

Student Activity Fee12 or more credits $ 65.004.1 to 11.9 credits $ 55.004 credits or less $ 0.00

General FeesProfessional Fee (Pharmacy Majors) $ 45.00Malpractice Insurance $ 12.00Flex Dollar Program (9 or more credits) $ 40.00


23/29

20

2011-2012 Schedule of Tuition & FeesGraduate CareerDoctoral Career

(Rates are per semester)

Richard L. Conolly College of Liberal Arts & Sciences

School of Business, Public Administration & Information SciencesSchool of EducationSchool of Health ProfessionsSchool of Nursing

Master Degree - Tuition, per credit $ 1,028.00Ph.D. Psychology - Year 1,2 and 3 $20,994.00Ph.D. Psychology Tuition, per credit $ 1,342.00Doctor of Physical Therapy

(less than 800 level courses) $ 1,028.00Doctor of Physical Therapy

(800 and 900 level courses) $ 1,193.00 Arnold & Marie Schwartz College of PharmacyMaster Degree - Tuition, per credit $ 1,193.00Doctoral Program - Tuition, per credit $ 1,193.00

All Colleges and Schools: University Fee12 or more credits $ 690.0011.9 credits or less $ 345.00

Student Activity Fee12 or more credits $ 65.004.1 to 11.9 credits $ 55.004 credits or less $ 0.00

General FeesProfessional Fee (Pharmacy Majors) $ 45.00Malpractice Insurance $ 12.00Flex Dollar Program (9 or more credits) $ 40.00


24/29

21

Payments, Inquiries, Book Vouchers and TranscriptsBill Clearance:

Students with enough financial aid to cover their balance have automatic bill clearance.

You can check your balance by going to my.liu.edu and clicking on the Account Inquiry link under Finances. Check yourFinancial Aid using the link on that page. If your awards include loans please make sure you have completed theappropriate steps see the Accepting Loans section of this guide for details.

First time borrowers of subsidized, unsubsidized loans will need to bring or fax their Entrance Interview and MasterPromissory Note to this office for their loans to be processed. Students whose parents are taking a PLUS loan will needto bring their Master Promissory note along with a signed Loan Adjustment form with the amount to be borrowed.Students taking a Perkins loan need to first logon to https://academic.liu.edu/esignature to sign for their loan. Pleasebring proof of signing to this office.

If you have proof of outside awards, please set up an appointment through your My LIU account so that we may deductthem from your balance.

For those students whose financial aid covers their charges and need a stamped bill, please visit the Service Window atthe Integrated Student Financial Services office.

Payment Plans:

Students may choose from the following payment plans:

Monthly plans - offered to students who make payment arrangements in advance to the start of the termThe balance (less any financial aid) is payable across equal monthly installments

o At least two payments due prior to the start of classesMonthly plans are available for 6, 5 and 4 month installmentsThere is a $35 fee for this plan.

Term plans - offered to students provided that 50% of their charges are covered by an appropriate combination ofanticipated aid, applied aid and/or initial payment by you.

The remaining balance is payable in equal installments over 3 monthsThere is a $35

Documents

LIU Financial Aid Guide Updated 2011 2012 10-26-2011