LU Knowledge
Where is the Financial Aid office located on campus?
Radcliff Hall
Can Scholarships be counted as "Free Money"?
Yes!
How old do you have to be in order to open a bank account without a parent?
18
When does the FAFSA open?
December
Buying textbooks secondhand instead of the bookstore is a good way to save money. True or False?
True
Are you guaranteed a scholarship when you apply?
Nope! Scholarships are not guaranteed.
A bank account specifically used to set money aside is called what?
A Savings Account
When is the FAFSA due?
June 30th
Bonus Dollars left over from the Fall semester will transfer into the spring semester. True or False?
True!
Can student loans be counted as "free money"?
Nope! you have to pay for them after college.
When is Longwood's Priority Filing date?
March 1st
Lancer Cash does not expire even when you graduate. True or False?
False!
When applying for Scholarships, you normally have to complete what?
An Essay
What percentage of money should you set aside from your paycheck?
20%
What must you complete every year when applying for Financial aid with FAFSA?
A Master Promissory Note (MPN)
Does Longwood offer their own scholarships?
Yes! Freshmen are offered specific merit scholarships while current students have some as well!
Do all Loans need a co-signer?
Nope! Depending on the company and if it is private or not, you may not need one.
What is a good way to start earning a credit score?
What must you complete with FAFSA when applying for a Loan?
Loan Entrance Counseling