Types of Aid

Graduate and Professional Programs

Scholarship and Fee Waivers

Listed below are examples of scholarships and fee waivers that have been received by students attending LSU Health Shreveport in the past.  Students receiving funding from outside sources and private donors should submit the award information to the Student Financial Aid Office at least 3-4 weeks prior to registration or as soon as the notice of the award is received by the student. 

Louisiana Vocational Rehabilitation – Vocational rehabilitation services are delivered on the basis of an Individualized Plan for Employment (IPE) that must be developed by both the professional Rehabilitation Counselor and the client. This IPE combines the Counselor’s professional expertise with the needs and choices of the client. It is developed after a thorough assessment and evaluation of the individual’s rehabilitation potential. The IPE must be submitted to the Student Financial Aid Office before an award for loans or campus based aid will be made. For more information, visit http://www.laworks.net/WorkforceDev/LRS/LRS_Rehabilitation.asp

LSU Board of Supervisors Scholarship - The primary determining factors for awarding scholarships are academic excellence, special talent, and financial need.  All scholarships are awarded for one academic year only, which includes the Fall, Spring, and Summer semesters. However, Board members may choose the option of awarding their scholarships on a semester-by-semester basis. For more information, visit the LSU Board of Supervisors Scholarship Information page. 

Louisiana National Guard Fee Exemption - The National Guard Fee Exemption is available to active members of the Louisiana National Guard, who are not on scholastic probation and who participate in the Louisiana National Guard. Applicants should apply through their unit commander at least 6 weeks prior to registration.  Students eligible for the National Guard Fee Exemption should contact the Student Financial Aid Office at least 3-4 weeks prior to registration and must provide a photo copy of their military id. For more information, visit http://geauxguard.com/.

Louisiana’s Taylor Opportunity Program for Students (TOPS) - is a comprehensive program of state scholarships. The TOPS award amount is determined by the Louisiana Office of Student Financial Assistance.  Graduate and Professional students are eligible to use remaining semesters of TOPS eligibility. Schools are notified via a Master Roster of all students eligible to receive this scholarship. For more information, visit http://www.osfa.state.la.us/.

Louisiana Start Program – Savings program established by the state to allow families to begin saving for educational expenses. In order to request a disbursement from the student’s Start account to pay for qualified higher education expenses, the Request for Disbursement Form must be submitted to the Louisiana Office of Student Financial Assistance. For more information, visit http://www.osfa.state.la.us/

LSU Employee Fee Exemptions - LSU Health Shreveport employees may register for up to six hours per semester to attend job-related undergraduate or graduate courses and receive full tuition exemption at any LSU System campus. The hours are limited to three semester hours during the summer term. Employees must  obtain approval from their department head or supervisor, be employed by LSU at least one full year prior to registration, work full time (100%), and be a non-academic or other academic employee.  Approved Tuition Exemption Forms must be submitted to the Student Financial Aid Office prior to registration. The student must secure all required signatures prior to submitting the form for processing. For more information, contact the Human Resource Department.

LSU Hardship Fee Waiver - The Louisiana Legislature authorized Louisiana state colleges and universities to assess an Academic Excellence Fee and an Operational fee to all students. The Legislature has directed and the LSU Health Shreveport has made provisions for students with demonstrated hardships brought about as a result of this fee increase by offering a Hardship Waiver. All students receiving federal financial aid funds are given consideration with priority given to students with higher financial need as defined by the federal student aid programs.  To receive the award, students must complete the FAFSA for the applicable year and other financial aid documents, if required, by the specified deadlines.  Students must have a zero Expected Family Contribution (EFC) to be eligible. Students are ranked by FAFSA completion date and are awarded in order until funds are exhausted. No other application is required. Students benefiting from other tuition/fee exemptions programs such as TOPS recipients and LSU Board of Supervisor Scholarship recipients are not eligible for the LSU Health Shreveport Hardship waiver. The LSU Hardship Fee Waiver is available to undergraduate and graduate/professional students. 
  
MD/PHD Fee Exemption – Tuition and required fees are waived for the third and fourth year of medical schools for students enrolled in the MD/PHD program. For more information, see the Assistant Dean of Admissions for the School or Medicine or the Dean of Graduate Studies. 

Graduate Studies Fee Waiver – Tuition assistance and sometimes a stipend is available for students enrolled in eligible programs of study in the School of Graduate Studies.  For information and application procedures, contact the School of Graduate Studies.  

National Health Service Corp – Students can receive tuition, fees, a living stipend and other reasonable educational costs in exchange for agreeing to serve at a NHSC approved sites. Students serve in a Health Professional Shortage Area of greatest need. Applications are accepted once a year from students who are enrolled or accepted for enrollment at an accredited health professions training program in an eligible primary care discipline: medicine (MD or DO), dentistry, family nurse practitioner, certified nurse midwife or physician assistant. For more information, visit http://nhsc.hrsa.gov/.

Military Scholarships – Students can receive tuition, fees, and other reasonable educational costs and a living stipend in exchange for years of service as active duty military.  Students receiving the military scholarships should submit their contract to the Bursar’s Office at least 3 to 4 weeks prior to registration. 

For more information please contact the offices below or visit the web links:

US Army Medical Recruiting Center
900 Pierremont Rd, Ste 217
Shreveport, LA 71106
(318)861-3751
http://www.goarmy.com/amedd.html

Navy Medical Recruiting Station
1300 Pine Crest Drive
Marshall, TX 75670
(903)935-3871
Navy Medical Recruiting

Air Force Health Professions Recruiting Station
3030 Matlock Rd., Ste 210
Arlington, TX 76015-2936
(817)524-2030
http://www.airforce.com/pdf/hpsp_scholarship.pdf

Veterans Benefits – Students receiving dependent/spousal benefits should contact the Student Financial Aid Office.  Students receiving other veterans’ benefits should contact the Registrar’s Office. For additional information regarding the processing and disbursing of funds please visit Veterans Benefits on the Financial Aid Office website. 

Institutional Scholarships - School of Medicine Only - LSU Health Shreveport School of Medicine Scholarship Committee under the guidance of the Assistant Dean of Student Affairs awards all institutional scholarships for medical students.  Students wishing to apply for LSU Health Shreveport scholarships only should complete the FAFSA and the Information Release Form by the deadline specified for each class.  Students that submit the Information Release Form after the deadline, may be too late to be considered for initial awarding for this year, but may be considered for any awards that become available during the academic year and subsequent years.  For this reason, students are encouraged to complete the Institutional Release Form even though it may be past the application deadline for the award year.  Students need only to complete the Information Release Form once during their enrollment at LSU Health Shreveport, but must complete a FAFSA each year to maintain eligibility for scholarships.  The Information Release Form is kept on file in the Student Financial Aid Office and remains in effect until the student either leaves the institution or provides a written request to the Student Financial Aid Office to rescind the student’s permission to release information.  The Assistant Dean for Student Affairs will notify selected applicants of the award. Contact the Office of Student Affairs at 318.675.5339 for information regarding institutional scholarship awards and the selection criteria.

Student Loans

Student Loan Information

Federal Direct Master Promissory Note

Student loan borrowers are required to use a Master Promissory Note when requesting funding through the Federal Direct Student Loan Programs.  The MPN allows students to borrow for multiple years without having to complete a new loan application each time.  The MPN will automatically expire upon the earliest of:

  1. The date the Direct Loan Servicing Center receives written notification from the student asking that the MPN no longer be used as the basis for additional loans; or

  2. Twelve months after the original MPN was signed, if no disbursements were ever made under that MPN; or

  3. Twenty-four months after the last disbursement was made under that MPN; or   

  4. Ten years from the date the MPN was signed.  If a portion of a loan is made on or before ten years from the signature date, remaining disbursements of that loan can be made.

LSU Health Shreveport allows students to use the multi-year feature of the Direct Loan MPN.  Students with a valid, non-expired, Direct Loan MPN on file with the Direct Loan Servicing Center do not need to complete a new MPN. Previous Direct Loan borrowers may log into www.studentloans.gov  and click on “Completed MPNs” under “My Loan Documents” to check the status of their existing MPN. To apply go to www.studentloans.gov.

Student Loan Counseling 

Entrance Counseling

All Federal Direct Loan borrowers, except Parent Plus Loan borrowers, must complete entrance counseling requirements before being awarded a federal loan. This helps the borrowers to understand their rights and responsibilities regarding their loans. LSU Health Shreveport requires borrowers to complete this requirement online at www.studentloans.gov. Federal Perkins Loan borrowers will receive instructions on how to complete the entrance counseling requirement for Perkins from the Bursar’s Office prior to the loan being disbursed.

Exit Counseling

All borrowers must complete exit counseling requirements upon leaving the institution.  This helps borrowers to understand their rights and responsibilities regarding repaying their federal loans. The Financial Aid Office will send instructions on how to complete the exit counseling requirement for Federal Stafford loans when the student withdraws from the institution, goes on an approved leave of absence, or prior to graduation. Federal Perkins Loan borrowers will receive information from the Bursar’s Office regarding instructions on completing the exit loan counseling requirements for Perkins. For more information on student loan repayment visit the Financial Wellness and Debt Management section of the Financial Aid Office website.
 

Credit Based Educational Loans

Credit-based loans are non-need based educational loans that students can borrow to assist with unmet educational expenses after federal aid has been applied.  These loans may have higher interest rates. The amounts that a borrower can receive, interest rates, and repayment terms vary among lenders. Students must complete a FAFSA (Free Application for Federal Student Aid) first before applying for all credit based loans except the Federal Parent Plus loan.  Financial Aid staff will not certify a credit based loan for a student until the student has received all federal aid that is available.   There are three types of credit based loans: 

Federal Direct Grad Plus

The Federal Direct Grad Plus loan is a credit based loan for graduate and professional students. Students can borrow up to their total cost of attendance minus any other financial aid the student is receiving.  Repayment begins 6 months after graduation or the student decreasing to a less than half time attendance status.  The Grad Plus loan can be included in a federal student loan consolidation. 

Federal Direct Parent Plus

The Federal Direct Parent Plus loan is a credit based loan for the parents of undergraduate students.  Parents can borrow up to their dependents students cost of attendance minus any other financial aid the student is receiving.  Repayment begins immediately unless the parent contacts the servicer for the loan and request a deferment.  If the parent is unable to secure a Direct Plus loan, the undergraduate student may be eligible to borrow additional Unsubsidized loan funds.  

Private Lender Educational Loan

Private educational loans are offered by a variety of different lenders. Students can borrow up to their total Cost of Attendance minus any other financial aid the student is receiving.  Repayment terms, interest rates, and fees can vary by lender.  Students are encouraged to use a cosigner to help ensure that they qualify for the best terms available. Borrowers are strongly advised to contact each lender that they are considering to determine the exact terms, conditions and availability of individual incentive programs.

Residency and Relocation Loans(For Medical Students Only)

Consumer loans are available to medical school seniors to assist with residency interviews and relocation after graduation. The amounts, interest rates, fees, and repayment terms vary among lenders.  Students should use caution when applying for Residency and Relocation loans and beware of the amount of total debt (federal and personal) that the student will accumulate.  These loans may have higher interest rates, cannot be consolidated with federal consolidation loans, and do not have the same deferment, repayment, and cancellation terms as federal student loans.  Residency/Relocation loans are non-educational loans and are not certified by the Financial Aid Office. LSU Health Shreveport cannot recommend a lender nor assist students with the application process for these loans.  Student wanting to borrow a Residency and Relocation loan are advised to thoroughly research all loans and lenders that they are considering before applying.

Student Loan Repayment Information

The U.S. Department of Education's National Student Loan Data System (NSLDS) provides information on your federal loans including loan types, disbursed amounts, outstanding principal and interest, and the total amount of all your loans. To access NSLDS, go to www.nslds.ed.gov.

For more information click on the following topic:
Repayment plans and Calculators 
Public Service Loan Forgiveness
Postponing Repayment
Loan Consolidation 
Federal Student Loan Omsbudsman
Private Lender Student Loan Complaint
 

Louisiana State Loan Repayment Program

The purpose of the Louisiana State Loan Repayment Program is to encourage primary care practitioners to serve in Health Professional Shortage Areas. For the purpose of recruitment under this program, eligible primary care practitioners include those who are specialty board certified or have completed a residency in family practice, osteopathic general practice, obstetrics/gynecology, internal medicine, pediatrics, psychiatry, or dentistry. Mid-levels include physician assistants, advanced nurse practitioners, and nurse midwives. The mission of the program is to alleviate, and ultimately overcome, the state's problem of a substantial mal-distribution of primary care health professionals in rural and inner city areas.  For more information, visit http://dhh.louisiana.gov/index.cfm/page/1195.
 

Federal Student Loan Omsbudsman

Students should make every effort to resolve loan disputes with the school, lender, and/or servicer for their loan.  If no satisfactory resolution can be reached, students should contact the Federal Student Aid (FSA) Ombudsman Group of the U.S. Department of Education (ED). The Ombudsman Group is a neutral, informal, and confidential resource to help resolve disputes about federal student loans. Contact the Ombudsman Group as a last resort.

General Information-

https://studentaid.ed.gov/repay-loans/disputes/prepare

Prepare to Dispute - https://studentaid.ed.gov/sites/default/files/ombudsman-information-checklist.pdf

File a Dispute - https://studentaid.ed.gov/repay-loans/disputes/prepare/contact-ombudsman

Private Lender Student Loan Complaint

Contact the lender for the private education loan for assistance with any disputes.  If no satisfactory resolution can be reached, students can file a complaint with the Consumer Financial Protection Bureau. 

http://www.consumerfinance.gov/complaint/

Federal Direct Unsubsidized Loan

Federal Direct Subsidized Loan

Direct Stafford Loans, from the William D. Ford Federal Direct Loan Program, are low-interest loans for eligible students to help cover the cost of higher education at a four-year college or university, community college, or trade, career, or technical school. Eligible students borrow directly from the U.S. Department of Education at participating schools.

Direct Subsidized Loans are for undergraduate students with financial need. Students are required to complete the Free Application for Federal Student Aid (FAFSA). The Student Financial Aid Office will review the results of the FAFSA and determine the amount that can be borrowed.  Interest is not being charged while in school at least half-time.

In addition to the FAFSA, the following must be completed:

       1. Direct Loan Master Promissory Note (MPN)
       2. Direct Loan Entrance Counseling Session

The application process can be found here Application Process.

Federal Grad Plus Loan

Federal Direct Graduate PLUS Loan

The Graduate Plus loan is an unsubsidized loan for graduate/professional students and can help pay for education expenses up to the cost of attendance minus all other financial assistance. Interest is charged during all periods.

The terms and conditions applicable include:

  • a determination that the applicant does not have an adverse credit history (example - bankruptcy, foreclosure, tax lien, or loan default)

  • a fixed interest rate

  • a credit check that is valid for 90 days if performed prior to March 29, 2015

  • a credit check that is valid for 180 days if performed on or after March 29, 2015

  • Students are required to complete the Free Application for Federal Student Aid (FAFSA). The Student Financial Aid Office must determine the maximum eligibility for Direct Subsidized and Direct Unsubsidized Stafford Loans prior to awarding Grad Plus loans.

In addition to completing the FAFSA, the following information is required to be completed: 

              1. Direct Loan Grad Plus Master Promissory Note (MPN)
              2. Direct Loan Graduate Entrance Counseling
              3. LSUHSC Grad Plus or Parent Plus Request Form

The rules for defining adverse credit history will change effective March 29, 2015.  This applies only to outstanding balances of combined debts greater than $2,085:

  • one or more debts are 90 days delinquent
  • debts in collection
  • accounts charged off in the previous two years


Applicants who are determined to have adverse credit history on or after March 29, 2015, but who qualify for a Direct PLUS loan by documenting extenuating circumstances or obtaining an endorser must complete additional PLUS loan counseling.  The applicant will be notified at the time of the credit decision of how the additional loan counseling should be completed.


The application process can be found here Application Process.

Credit Based Loans from Private Lenders

Credit Based Educational Loans from Private Lenders

Credit-based loans from private lenders are non-need based educational loans that students can borrow to assist with unmet educational expenses, after federal aid has been applied. These loans may have higher interest rates. The amounts that a borrower can receive, interest rates, fees, and repayment terms vary among lenders.

Students must complete a FAFSA (Free Application for Federal Student Aid) first before applying for all credit-based loans, except the Federal PLUS Loan. Financial aid staff will not certify a credit based loan for a student until the student has received all federal aid that is available.  Graduate or Medical students should consider Federal Grad Plus loans before applying for a private lender educational loan.  Although based on credit as well, Grad Plus loans are federal educational loans and eligible for similar borrower benefits as the Direct Federal Stafford program.  Federal Grad Plus loans can be included in a Federal Consolidation Loan.  Pre-approval is available online for all credit-based educational loans.  Borrowers are strongly advised to contact each lender that they are considering to determine the exact terms, conditions, and availability of individual incentive programs.

Veterans Benefits

Students can receive eligible Veterans Benefits while attending LSU Health Shreveport.  Information pertaining to school policies, catalogs, residency, academic calendars, tuition and fee charges and more can be found on the Registrar's website at http://www.lsuhscshreveport.edu/Education/Registrar.aspx.

Steps for receiving benefits:

  1. The student should contact the Registrar's Office for completion of required documentation certifying eligible tuition, fees and enrollment data.  

  2. Benefits are approved by the Veterans Affairs Administration and funds are transferred to the university via ACH deposit.

  3. The Bursars Office notifies the Student Financial Aid Office of receipt of funds.

  4. The Financial Aid Office adds the amount of the award to the system.

  5. The Financial Aid Office notifies the student that there is a new award in the Student Self Service Portal. 

  6. The Financial Aid Office authorizes the disbursement of funds to the Student Account.    

  7. The Bursar's Office processes the disbursements and notifies the student by email when a credit balance check is available to be picked up.

Contact the Registrar's Office for questions regarding Veterans Benefits.

Email: shvregistrar@lsuhsc.edu
Phone: 318.675.5205
Location: 1st floor Medical School, Room 1-212
Website: http://www.lsuhscshreveport.edu/Education/Registrar.aspx

The U.S. Department of Education and the Consumer Finance Protection Bureau offers the following school comparison tools for students trying to decide which school is the best fit for their educational needs:

College Scorecard - http://collegecost.ed.gov/scorecard/
College Navigator - http://nces.ed.gov/collegenavigator/
Paying for College - http://www.consumerfinance.gov/paying-for-college/

Undergraduate Programs

Scholarship and Fee Waivers

Listed below are examples of scholarships and fee waivers that have been received by students attending LSU Health Shreveport in the past.  Students receiving funding from outside sources and private donors should submit the award information to the Student Financial Aid Office at least 3-4 weeks prior to registration or as soon as the notice of the award is received by the student. 

Louisiana Vocational Rehabilitation – Vocational rehabilitation services are delivered on the basis of an Individualized Plan for Employment (IPE) that must be developed by both the professional Rehabilitation Counselor and the client. This IPE combines the Counselor’s professional expertise with the needs and choices of the client. It is developed after a thorough assessment and evaluation of the individual’s rehabilitation potential. The IPE must be submitted to the Student Financial Aid Office before an award for loans or campus based aid will be made. For more information, visit http://www.laworks.net/WorkforceDev/LRS/LRS_Rehabilitation.asp

LSU Board of Supervisors Scholarship - The primary determining factors for awarding scholarships are academic excellence, special talent, and financial need.  All scholarships are awarded for one academic year only, which includes the Fall, Spring, and Summer semesters. However, Board members may choose the option of awarding their scholarships on a semester-by-semester basis. For more information, visit the LSU Board of Supervisors Scholarship Information page. 

Louisiana National Guard Fee Exemption - The National Guard Fee Exemption is available to active members of the Louisiana National Guard, who are not on scholastic probation and who participate in the Louisiana National Guard. Applicants should apply through their unit commander at least 6 weeks prior to registration.  Students eligible for the National Guard Fee Exemption should contact the Student Financial Aid Office at least 3-4 weeks prior to registration and must provide a photo copy of their military id. For more information, visit http://geauxguard.com/.

Louisiana’s Taylor Opportunity Program for Students (TOPS) - is a comprehensive program of state scholarships. The TOPS award amount is determined by the Louisiana Office of Student Financial Assistance.  Graduate and Professional students are eligible to use remaining semesters of TOPS eligibility. Schools are notified via a Master Roster of all students eligible to receive this scholarship. For more information, visit http://www.osfa.state.la.us/.

Louisiana Start Program – Savings program established by the state to allow families to begin saving for educational expenses. In order to request a disbursement from the student’s Start account to pay for qualified higher education expenses, the Request for Disbursement Form must be submitted to the Louisiana Office of Student Financial Assistance. For more information, visit http://www.osfa.state.la.us/

LSU Employee Fee Exemptions - LSU Health Shreveport employees may register for up to six hours per semester to attend job-related undergraduate or graduate courses and receive full tuition exemption at any LSU System campus. The hours are limited to three semester hours during the summer term. Employees must  obtain approval from their department head or supervisor, be employed by LSU at least one full year prior to registration, work full time (100%), and be a non-academic or other academic employee.  Approved Tuition Exemption Forms must be submitted to the Student Financial Aid Office prior to registration. The student must secure all required signatures prior to submitting the form for processing. For more information, contact the Human Resource Department.

LSU Hardship Fee Waiver - The Louisiana Legislature authorized Louisiana state colleges and universities to assess an Academic Excellence Fee and an Operational fee to all students. The Legislature has directed and the LSU Health Shreveport has made provisions for students with demonstrated hardships brought about as a result of this fee increase by offering a Hardship Waiver. All students receiving federal financial aid funds are given consideration with priority given to students with higher financial need as defined by the federal student aid programs.  To receive the award, students must complete the FAFSA for the applicable year and other financial aid documents, if required, by the specified deadlines.  Students must have a zero Expected Family Contribution (EFC) to be eligible. Students are ranked by FAFSA completion date and are awarded in order until funds are exhausted. No other application is required. Students benefiting from other tuition/fee exemptions programs such as TOPS recipients and LSU Board of Supervisor Scholarship recipients are not eligible for the LSU Health Shreveport Hardship waiver. The LSU Hardship Fee Waiver is available to undergraduate and graduate/professional students. 
  
MD/PHD Fee Exemption – Tuition and required fees are waived for the third and fourth year of medical schools for students enrolled in the MD/PHD program. For more information, see the Assistant Dean of Admissions for the School or Medicine or the Dean of Graduate Studies. 

Graduate Studies Fee Waiver – Tuition assistance and sometimes a stipend is available for students enrolled in eligible programs of study in the School of Graduate Studies.  For information and application procedures, contact the School of Graduate Studies.  

National Health Service Corp – Students can receive tuition, fees, a living stipend and other reasonable educational costs in exchange for agreeing to serve at a NHSC approved sites. Students serve in a Health Professional Shortage Area of greatest need. Applications are accepted once a year from students who are enrolled or accepted for enrollment at an accredited health professions training program in an eligible primary care discipline: medicine (MD or DO), dentistry, family nurse practitioner, certified nurse midwife or physician assistant. For more information, visit http://nhsc.hrsa.gov/.

Military Scholarships – Students can receive tuition, fees, and other reasonable educational costs and a living stipend in exchange for years of service as active duty military.  Students receiving the military scholarships should submit their contract to the Bursar’s Office at least 3 to 4 weeks prior to registration. 

For more information please contact the offices below or visit the web links:

US Army Medical Recruiting Center
900 Pierremont Rd, Ste 217
Shreveport, LA 71106
(318)861-3751
http://www.goarmy.com/amedd.html

Navy Medical Recruiting Station
1300 Pine Crest Drive
Marshall, TX 75670
(903)935-3871
Navy Medical Recruiting

Air Force Health Professions Recruiting Station
3030 Matlock Rd., Ste 210
Arlington, TX 76015-2936
(817)524-2030
http://www.airforce.com/pdf/hpsp_scholarship.pdf

Veterans Benefits – Students receiving dependent/spousal benefits should contact the Student Financial Aid Office.  Students receiving other veterans’ benefits should contact the Registrar’s Office. For additional information regarding the processing and disbursing of funds please visit Veterans Benefits on the Financial Aid Office website. 

Grants

Federal Pell Grant

Federal Pell Grant

A Federal Pell Grant does not have to be repaid. Pell Grants are awarded usually only to undergraduate students who have not earned a bachelor's or a professional degree. (In some cases, however, a student enrolled in a post-baccalaureate teacher certification program might receive a Pell Grant.) Pell Grants are considered a foundation of federal financial aid, to which aid from other federal and nonfederal sources might be added.

Students must complete the Free Application for Federal Student Aid (FAFSA). The amount of the award varies every year and is set by the U.S. Department of Education.  The Student Financial Aid Office will automatically review students' applications and award Pell Grant to each student who qualifies.  The amount awarded, will depend not only on financial need, but also on the cost of attendance, enrollment status, and length of the program.  Students may not receive Pell Grant for more than 12 semesters or the equivalent (approximately 6 years). 

Federal Supplemental Opportunity Grant

Federal Supplemental Educational Opportunity Grant

The Federal Supplemental Educational Opportunity Grant (FSEOG) program is for undergraduate students with exceptional financial need. Pell Grant recipients with the lowest expected family contributions (EFCs) will be considered first for a FSEOG. Just like Pell Grants, the FSEOG does not have to be repaid.

Students must complete the Free Application for Federal Student Aid (FAFSA).  Unlike the Pell Grant, schools are given an allotment from the U.S. Department of Education each year and when all funds have been exhausted, no further awards can be made. The amount of the award will vary based on the amount of money the school has been allotted, the number of eligible recipients, and the student's enrollment status.

Loans

Federal Direct Subsidized Loans

Federal Direct Subsidized Loan

Direct Stafford Loans, from the William D. Ford Federal Direct Loan Program, are low-interest loans for eligible students to help cover the cost of higher education at a four-year college or university, community college, or trade, career, or technical school. Eligible students borrow directly from the U.S. Department of Education at participating schools.

Direct Subsidized Loans are for undergraduate students with financial need. Students are required to complete the Free Application for Federal Student Aid (FAFSA). The Student Financial Aid Office will review the results of the FAFSA and determine the amount that can be borrowed.  Interest is not being charged while in school at least half-time.

In addition to the FAFSA, the following must be completed:

              1. Direct Loan Master Promissory Note (MPN)
              2. Direct Loan Entrance Counseling Session

The application process can be found here Application Process.

Federal Direct Unsubsidized Loans

Federal Direct Unsubsidized Loan

Direct Stafford Loans, from the William D. Ford Federal Direct Loan Program, are low-interest loans for eligible students to help cover the cost of higher education at a four-year college or university, community college, or trade, career, or technical school. Eligible students borrow directly from the U.S. Department of Education at participating schools.

Students are required to complete the Free Application for Federal Student Aid (FAFSA). Demonstration of financial need is not required to receive a Direct Unsubsidized Loan. The Student Financial Aid Office will determine the amount that an applicant can borrow. Interest accrues (accumulates) on an unsubsidized loan from the time the loan is disbursed.  Interest payments can be made without penalty while in school, during grace periods, and periods of deferment or forbearance.  Interest that is not paid will continue to accrue and be capitalized (added to the principal amount of the loan) which will increase the total amount of the loan to be repaid because the interest will be charged on a higher principal amount.

In addition to completing the FAFSA, students must also complete:

  1. Direct Loan Master Promissory Note (MPN)

  2. Direct Loan Entrance Counseling Session

The application process can be found here Application Process.  

Federal Direct Parent Plus Loans

Parents of dependent students may apply for a Direct Plus Loan to help pay their child's education expenses as long as certain eligibility requirements are met. To be eligible for a Direct Plus Loan for Parents: 

  • the parent borrower must be the student's biological or adoptive parent.  In some cases, the student's step parent may be eligible.  

  • the student must be a dependent student who is enrolled at least half-time at a school that participates in the Direct Loan Program.

  • the parent borrower must not have adverse credit history. 

  • the student and parents must be U.S. citizens or eligible non-citizens and must no be in default on any federal education loan or owe a over payment on a federal education grant, and must meet all general eligibility requirements to receive federal aid

The terms and conditions applicable include:

  • a determination that the applicant does not have an adverse credit history.
  • a fixed interest rate.  
  • a credit check that is valid for 90 days if performed prior to March 29, 2015 

    a credit check that is valid for 180 days if performed on or after March 29, 2015

The rules for defining adverse credit history will change effective March 29, 2015.  This applies only to outstanding balances of combined debts greater than $2,085:

  • one or more debts are 90 days delinquent
  • debts in collection
  • accounts charged off in the previous two years

Applicants who are determined to have adverse credit history on or after March 29, 2015, but who qualify for a Direct PLUS loan by documenting extenuating circumstances or obtaining an endorser must complete additional PLUS loan counseling.  The applicant will be notified at the time of the credit decision of how the additional loan counseling should be completed. 

To apply for the Federal Direct Parent Plus Loan you must complete:

1. Direct Parent Plus MPN

2. Request for Parent Plus Form 

Credit Based Loans from Private Lenders

Credit Based Educational Loans from Private Lenders

Credit-based loans from private lenders are non-need based educational loans that students can borrow to assist with unmet educational expenses, after federal aid has been applied. These loans may have higher interest rates. The amounts that a borrower can receive, interest rates, fees, and repayment terms vary among lenders.

Students must complete a FAFSA (Free Application for Federal Student Aid) first before applying for all credit-based loans, except the Federal PLUS Loan. Financial aid staff will not certify a credit based loan for a student until the student has received all federal aid that is available.  Graduate or Medical students should consider Federal Grad Plus loans before applying for a private lender educational loan.  Although based on credit as well, Grad Plus loans are federal educational loans and eligible for similar borrower benefits as the Direct Federal Stafford program.  Federal Grad Plus loans can be included in a Federal Consolidation Loan.  Pre-approval is available online for all credit-based educational loans.  Borrowers are strongly advised to contact each lender that they are considering to determine the exact terms, conditions, and availability of individual incentive programs.

Veterans Benefits

Students can receive eligible Veterans Benefits while attending LSU Health Shreveport.  Information pertaining to school policies, catalogs, residency, academic calendars, tuition and fee charges and more can be found on the Registrar's website at http://www.lsuhscshreveport.edu/Education/Registrar.aspx.

Steps for receiving benefits:

  1. The student should contact the Registrar's Office for completion of required documentation certifying eligible tuition, fees and enrollment data.  

  2. Benefits are approved by the Veterans Affairs Administration and funds are transferred to the university via ACH deposit.

  3. The Bursars Office notifies the Student Financial Aid Office of receipt of funds.

  4. The Financial Aid Office adds the amount of the award to the system.

  5. The Financial Aid Office notifies the student that there is a new award in the Student Self Service Portal. 

  6. The Financial Aid Office authorizes the disbursement of funds to the Student Account.    

  7. The Bursar's Office processes the disbursements and notifies the student by email when a credit balance check is available to be picked up.

Contact the Registrar's Office for questions regarding Veterans Benefits.

Email: shvregistrar@lsuhsc.edu
Phone: 318.675.5205
Location: 1st floor Medical School, Room 1-212
Website: http://www.lsuhscshreveport.edu/Education/Registrar.aspx

The U.S. Department of Education and the Consumer Finance Protection Bureau offers the following school comparison tools for students trying to decide which school is the best fit for their educational needs:

College Scorecard - http://collegecost.ed.gov/scorecard/
College Navigator - http://nces.ed.gov/collegenavigator/
Paying for College - http://www.consumerfinance.gov/paying-for-college/