Show & Tell!
This required loan document on studentaid.gov explains: the differences between loan types, how interest is assessed and the general terms of a federal loan.
What is loan entrance counseling?
The name of the financial aid application.
What is a FAFSA?
Direct Subsidized Loans, Direct Unsubsidized Loans, Direct PLUS Loans.
What is student loan program?
This notification is sent to students once their FAFSA has been received and processed by their financial aid office.
What is Financial Aid Notification Letter ?
The FAFSA for the 2022-2023 school year became available on this date.
What is October 1st every year?
On inside.lsuhs.edu, this section of the SFA website lists semesterly and yearly deadlines.
What is the "Important Dates & Deadlines" page?
Federal regulations require that students applying for funding through the Title IV Student Aid Programs must meet and maintain minimum academic progression requirements.
What is Satisfactory Academic Progression (SAP)?
The legal document in which you promise to repay your loan(s) and any accrued interest and fees to the U.S. Department of Education.
What is Master Promissory Note (MPN)?
Estimates for tuition, fees, books, supplies, and housing are used to create this figure.
What is Cost of Attendance?
The day that tuition and fees are due.
What is the first day of classes?
As shown on the Bursar's webpage, this digital platform is used by students to set up and select a refund preference.
What is Bank Mobile?
Scholarships, grants and waivers are known as this type of financial assistance.
What is Gift Aid?
The length of time after completing your degree program to start paying back your student loans.
What are 6 months?
True or False: You can reduce the amount of Federal Aid offered to you.
What is True?
This is issued to students whose disbursed aid exceeds their term expenses.
What is a credit balance?
Under the "Contact Us" section of the SFA webpage, this link allows you to schedule an appointment with your SFA Counselor.
What is "Bookings?"
This is something you and parent(s)/Guardian(s) will use to sign into studentaid.gov and complete your FAFSA.
What is the Federal Student Aid (FSA) ID?
The interest rates for Direct Unsubsidized Loans first disbursed on or after July 1, 2022 and before July 1, 2023.
What is 6.54%?
Financial Aid that covers items after tuition and expenses can be considered this.
What is Taxable Income?
True or False: Your financial aid is packaged immediately after all of your financial aid documents have been submitted.
What is False?
This SFA document is emailed to students each semester, and the most recent version is always available on the SFA webpage under "Newletters."
What is the Summer 2023 Newsletter?
You received this document once you have successfully submitted your FAFSA application.
What is SAR (Student Aid Report)?
The aggregate loan limit for graduate or professional students.
What is $138,500?
These items are used to determine a student's financial aid package.
What is EFC, Program of Study, and Enrollment status?
This document is issued to students at the end of each tax year by the Bursar office.
What is a 1098-T Tax Form?