Things you should know Lincoln University School Code - 002479 The Department of Student Financial Aid welcomes you to Lincoln University. The cost of your education and how you will cover that cost is critical to your planning and future success as a university student. It is the mission of the financial aid office to provide access to various federal, state and institutional financial aid programs that will assist students and families in meeting their educational costs. It is also our desire to inform you of financial aid processes, procedures, and policies. This knowledge will give you the ability to understand financial aid eligibility, processing and awarding. We hope this information will assist in creating an appropriate expectation of our services and ability to assist with your educational expenses. Please review it carefully and feel free to contact our office at the below address, telephone number or email address. Lincoln University Department of Student Financial Aid 103 Young Hall 820 Chestnut Street Jefferson City, MO 65101 Phone: 573-681-6156 Fax: 573-681-5871 email: financialaid@lincolnu.edu The Application Process….Things You Should Know You must complete the Free Application for Federal Student Aid (FAFSA) each academic year. The FAFSA can be completed in paper form or on the web at www.fafsa.ed.gov. The FAFSA is used for the entire academic year including summer Indicate Lincoln University's school code of 0002479 on your FAFSA so that the University can retrieve your information electronically Once your FAFSA is processed, you will receive a Student Aid Report (SAR). Please read your SAR carefully and respond as instructed There are several different types of federal financial aid available to you. They include the: Pell Grant, Supplemental Educational Opportunity Grant (SEOG), College Work Study (CWS), Subsidized Stafford Loan,Unsubsidized Stafford Loan, and PLUS loans Pell Grant, SEOG, CWS and Subsidized Stafford Loans are need based financial aid programs. Your eligibility for these programs is calculated and determined by the federal government and Lincoln University. Lincoln University has a preferred deadline date of March 1 for the awarding of SEOG and CWS. These funds are limited and based on need. The State of Missouri MOSTARS program (http://www.dhe.mo.gov/Mostars/scholar2.htm) offers a need-based grant with a deadline date of April 1. Subsidized Stafford Loan, Unsubsidized Stafford Loan and PLUS are loan programs offered by the federal government to assist in your educational expenses. The loans are guaranteed by the state and must be repaid by the borrower. The PLUS is a credit-based loan that the parent(s) borrows on behalf of the student. Subsidized and Unsubsidized Stafford Loan amounts vary depending on your grade level. The financial aid staff will work diligently to create an award package to assist you in meeting your educational expenses. However, federal financial aid was not designed to meet your cost of education 100%. You may be required to pay the remaining educational cost your financial aid does not cover. Lincoln University offers a wide variety of academic and performance scholarships. The deadline date to apply for academic scholarships is December 15 for the next award year. For additional information, contact the Department of Student Financial Aid.