Lincoln University of Missouri

http://www.lincolnu.edu

Types of Financial Aid


 
Grants and scholarships form the largest part of our financial aid funds. Most funds come from Lincoln's general operations budget, alumni gifts and other contributions. Other assistance comes from the federal and state government. Scholarships and grants do not have to be repaid and range from $200.00 to the cost of attendance.


Federal Grants

Federal Pell Grant is a need based federally funded grant (is not repaid) awarded to students pursuing their first undergraduate degree that range from $400 to $4,731 per year.

Supplemental Educational Opportunity Grant (SEOG) is a grant awarded to undergraduates with exceptional need and range from $200 or more than $1000 a year.


Academic Competitiveness Grant (ACG) is a grant awarded to full-time students who are eligible for a Federal Pell Grant and who had successfully completed a rigorous high school program, as determined by the state or local education agency and recognized by the Secretary of Education. Second year students must also have maintained a cumulative grade point average (GPA) of at least 3.0.  The grant will provide up to $750 for the first year of full-time undergraduate study and up to $1,300 for the second year of full-time undergraduate study.  The grant will be available for the first time for the 2006-2007 academic year for first year students who graduated from high school after January 1, 2006 and for second year students who graduated from high school after January 1, 2005. The Academic Competitiveness Grant award is in addition to the student's Pell Grant award.

National Science and Mathematics Access to Retain Talent Grant (or National SMART Grant) will provide up to $4,000 for each of the third and fourth years of undergraduate study to full-time students who are eligible for a Federal Pell Grant and who are majoring in physical, life, or computer sciences, mathematics, technology, or engineering or in a foreign language determined critical to national security.  The student must also have maintained a cumulative grade point average (GPA) of at least 3.0 in coursework required for the major.  The National SMART Grant award is in addition to the student's Pell Grant award.

TEACH Grant Program Through the College Cost Reduction and Access Act of 2007, Congress created the Teacher Education Assistance for College and Higher Education (TEACH) Grant Program that provides grants of up to $4,000 per year to students who intend to teach in a public or private elementary or secondary school that serves students from low-income families. Click here for more information.  If, after reading all of the information, you are interested in learning more about the TEACH Grant Program, you should contact the financial aid office at the college where you will be enrolled starting with the 2008-2009 school year.

 

The Missouri Department of Higher Education (MDHE) administers the following state need-based program that use the FAFSA as the application:

Access Missouri Financial Assistance Program is a need-based program designed to provide students with a simplified financial aid process, provide predictable, portable awards, and increase access to a student's school of choice.  Beginning with the 2007-2008 academic year, the Access Missouri program replaces the Charles Gallagher Student Financial Assistance and Missouri College Guarantee programs.

 
The MDHE also administers three other state grant programs that do not require completion of the FAFSA:

Missouri "Bright Flight" Scholarship is a merit-based program encouraging top-ranked high school seniors to attend approved Missouri postsecondary schools.

Public Service Officer or Employee's Child Survivor Grant Program: Tuition grant for dependent children and spouses of public safety officers or Missouri Department of Transportation employees who were killed or permanently and totally disabled in the line of duty.

Vietnam Veteran's Survivor Grant Program: Tuition grant for dependent children and spouses of Vietnam veterans who died as a result of exposure to toxic chemicals during the Vietnam conflict.

Loans

FFELP Loans:
Subsidized Stafford Loan is a low interest loan that must be repaid and is based on financial need and grade level. Students must be enrolled part-time (6 semester hours for undergraduate students and 5 semester hours for graduate students) . The government pays the interest for the student while they are in school.
Unsubsidized Stafford Loans are not based on need. Unlike the Subsidized loan, students (not the government) are responsible for paying the interest while in school, during the six-month grace period, and during periods of authorized deferment. Loan repayment begins 6 months after you leave school at variable interest rates with up to 10 years to repay.  
Federal Stafford Load Maximums(1)
Annual Limits
Dependent Undergraduates(2)
Subsidized
Total (Subsidized and Unsubsidized)(3)
First Year
3,500
3,500
Second Year
4,500
4,500
Third Year and Beyond
5,500
5,500
Independent Undergraduates
(and dependents whose parents are unable to borrow under the Federal PLUS Program)
 
 
First Year
3,500
7,500
Second Year
4,500
8,500
Third Year and Beyond
5,500
10,500
Graduate and Professional Students
8,500
20,500
(1) Certain health profession students may qualify for higher limits.
(2) All undergraduate annual loan limits agree subject to proration.
(3) If the borrower does not show financial need for a Subsidized Stafford Loan, or has reached their aggregate limit in Subsidized Stafford Loans, the borrower may receive up to this entire amount in Unsubsidized Stafford Loans assuming he or she has remaining eligibility for the loan.

PLUS loans are credit based loans for parents who may borrow up to the cost of attendance per year, for each child who is a dependent undergraduate student and is enrolled at least part-time. With a fixed interest rate of 8.5% accrual begins at disbursement. Repayment starts 60 days after the first loan check has been disbursed. For a list of lenders, please view our online lender list. Before we can certify a PLUS loan, the student must have a completed FAFSA on file.

Graduate PLUS loans are credit based loans for graduate students enrolled at least half-time. They may borrow up to the cost of attendance minus all other financial aid received.  With a fixed interest rate of 8.5% accrual begins at disbursement.  Repayment starts 60 days after the first loan check has been disbursed.  For a list of lenders, please view our online lender list. Before we can certify a Graduate PLUS loan, the student must have a completed FAFSA on file and already applied for the maximum eligibility of Stafford loans.

Preferred Lender Selection & Criteria

Private (Alternative) Loans are non-need based programs designed to assist in educational and living expenses based on a student's credit history.  For more information, please click here. 

Federal College Work Study (CWSP) Employment is for undergraduate and graduate students needing financial aid. Students are paid hourly wages equal to the current federal minimum wage. Place of employment will vary based on needs of the university and the skills of the student. CWSP is a need based aid. For more information, contact our office.

Departmental Employment is for undergraduate and graduate students needing financial aid. Students are paid hourly wages equal to the current federal minimum wage. Place of employment will vary based on needs of the university and the skills of the student. For additional information, contact the Human Resources Office at (573) 681-5018 or visit them at 101 Young Hall.

Note: A student cannot be employed under both programs concurrently.
 
 
Veterans Benefits are based upon the military service of the veteran and enrollment status of the student. Veterans and their dependents and spouse are generally eligible.
To apply: Contact the Department of Student Financial Aid.

Vocational Rehabilitation benefits are determined by the Vocational Rehabilitation Office.
To apply: Contact the Vocational Rehabilitation State Office, 2401 E. McCarty, Jefferson City, MO, 65101; 573-751-2343

Advantage Missouri Program is a loan forgiveness program that provides up to $2,500 per year up to a maximum total of $10,000. Students must have financial need and be enrolled full-time in a designated academic program leading to employment in a designated high-demand occupation, maintain satisfactory academic progress as defined by the school, be a Missouri resident and a US citizen or an eligible non-citizen, and not be pursuing a degree or certificate in theology or divinity.
To apply: File FAFSA by April 1 before the upcoming academic year and contact the Department of Student Financial Aid
 
Missouri Teacher Education Scholarship (MTES) is a one-time award of $2,000 and is awarded to Missouri students interested in teaching. State officials determine selection.
To apply: Applications are available from the high school guidance department or the Missouri Department of Elementary and Secondary Education, Division of Urban and Teacher Education, PO Box 480, Jefferson City, MO, 65102. Application deadline is February 15 of each year.

MOST Scholarship Program is an annual award for qualifying students of families who have invested for college through Missouri's 529 Savings Plan (MOST).  Awards will be selected based on financial need.  Click here for more information.

A complete list of Other State Resources may be reached at http://www.dhe.mo.gov/otherprograms.shtml.

Curator Scholarships are available to graduates of accredited high schools in Missouri, who rank in the top 10% of their graduating class have a composite ACT score of 24 or higher, and who enroll at Lincoln University the semester immediately following high school graduation. The scholarship covers 90% of tuition up to 15 credit hours a semester and incidental fees, $900 per year in books/supplies, and cost of room/board for on-campus students. Renewable if the student maintains a 3.0 cum. GPA and completes at least 24 credit hours each academic year. Availability of this institutional scholarship is contingent upon funding allocation.
To apply: Must complete an Admissions Application by February 1 for the next academic year.

Presidential Scholarships are available to graduates of an accredited high school, who rank in the top 20% of their graduating class, or who have a composite ACT score of 22 and who enroll in Lincoln University for the first semester immediately following high school graduation. The scholarship covers 80% of tuition up to 15 credit hours a semester and incidental fees, $800 per year in books/supplies, and $2000 per year towards on-campus room/board. This is renewable if the student maintains a 3.0 cum. GPA and completes 24 credit hours each academic year. Availability of this institutional scholarship is contingent upon funding allocation.
To apply: Must complete an Admissions Application by February 1 for the next academic year.

Institutional Scholarships are available to students completing 30 or more hours of college work, with a minimum cumulative GPA of 3.0. This is available to current LU students or students transferring to LU from other colleges/universities. The scholarship covers 70% of tuition up to 15 credit hours a semester, incidental fees, $800 per year for books/supplies, and $1500 per year towards on-campus room/board. Renewable if the student maintains a 3.0 cum GPA and completes 24 credit hours each academic year. Availability of this institutional scholarship is contingent upon funding allocation.
To apply: If you a transfer student, you must complete an Admissions Application by February 1 for the next academic year. If you are a current student, no application is required.

Dean's Scholarships are available to student's who graduated from an accredited high school and who have completed at least 60 hours at Lincoln University. The student must have ranked in the top 30% of their high school graduating class, achieved an ACT composite score of 20 or higher, or earned a cumulative GPA of 3.0 or higher (both high school and college level). The scholarship covers approximately 50% of the cost of tuition up to 15 credit hours and incidental fees, $1000 per year toward the cost of on-campus room/board, and $500 per year towards books/supplies. This scholarship is non-renewable. Availability of this institutional scholarship is contingent upon funding allocation.
To apply: No application is required; data will be compiled to select the highest qualified student(s).

LU Founder’s Scholarship are available to graduates from an accredited high school (Missouri and out-of-state applicants are welcome), and ranked in the top 20% of his/her high school graduating class, or achieved an ACT Composite score of 17 or higher, or earned a cumulative GPA of 3.0 or higher. (Student meeting all of the above is given highest priority) Recipient must matriculate at LU the first semester immediately following high school graduation. Recipient will receive $1500 for their first year to be used towards tuition, fees, room, and board. This award is not renewable. Availability of this institutional scholarship is contingent upon funding allocation.
To apply: Must complete an Admissions Application by February 1 for the next academic year.


 
Art, Band, and Music Scholarships of various amounts may be available based on academic performance and financial need.
To apply: Contact the Division of Humanities, Fine Arts, and Journalism

Journalism, Speech, and Theatre Scholarships of various amounts are based on academic performance and financial need.
To apply: Contact the Division of Humanities, Fine Arts, and Journalism

Women's Athletic Scholarships - Basketball, Tennis, Track, Softball,
Men's Athletic Scholarships -Basketball, Track, Baseball, Golf and Football are all based on need, performance, and athletic ability. Full or partial awards are based on athletic ability and may be supplemented by other types of financial aid but cannot exceed the cost of attendance.
To apply: Contact the Athletic Department

ROTC Scholarships are based upon ACT/SAT scores, high school qualifications, and leadership potential. This scholarship provides full tuition, books/supplies plus subsistence allowance of $100 per month for up to 10 months per year. Upon graduation student receives commission in US Army as a second lieutenant.
To apply: Contact the Department of Military Science

ROTC Curators Scholarships are four, three, and two year scholarships awarded to students that are Missouri residents. These scholarships cover the cost of tuition, books, lab fees, and provide a subsistence allowance of $150 per month up to 10 months per year.
To apply: Contact the Department of Military Science

ROTC Performance Scholarship is available to the recipient of an ROTC scholarship, covers the cost of room/board (on-campus residence halls only) and is renewable if the student maintains a 2.5 cum. GPA and maintains the ROTC scholarship.
To apply: Contact the Department of Military Science

More Departmental Scholarships are listed inside our Scholarship Booklet.

 LU Foundation Scholarships

The Lincoln University Foundation is the not-for-profit fund-raising arm, which operates in support of Lincoln University. The Foundation offers a variety of scholarships in a variety of amounts based on a variety of qualifications. A standardized application allows the applicant to be considered for any scholarship the Foundation offers for which he/she meets the minimum eligibility requirements. Deadlines for application are the last LU business day of June for Fall semester awards and last LU business day of September for Spring semester awards.  Late or incomplete applications will not be submitted to the scholarship committee.

To apply: Contact the Lincoln University Foundation Office at:
820 Chestnut Street, 301A Young Hall,
Jefferson City, MO 65101
(573) 681-5583
advance@lincolnu.edu
 
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