Required Reading
Please read the information below regarding your financial aid award eligibility:
It is very important that you make every effort to understand the terms and conditions of all of your student loans, including loans of your parents, so any previously established benefits can be maintained while avoiding the need for future consolidation loans that may jeopardize or discontinue your borrower benefits.
Enrollment Status: All initial awards are based on full-time status. Grant awards will be pro-rated down for enrollment of less than full-time and student loan eligibility will be reevaluated and may change due to changes in enrollment status. You must be enrolled in an eligible degree program and most funds require at least half-time (Undergrad >= 6 credit hours, Grad >= 3 credit hours) enrollment status. Your award(s) are subject to change due to changes in enrollment status and/or funding levels at any time.
Federal Stafford Loans: If you accept (must accept at least a week before last day of the semester) a student loan, go to http://www.ltu.edu/financial_aid/student_loans.asp to access the Federal Direct Loan site for instructions on how to complete a Master Promissory Note (MPN) with Direct Loans. You must be enrolled at least half-time (Undergrad >= 6 credit hours, Grad >= 3 credit hours) and admitted to an eligible degree program at LTU to be eligible. Your loan eligibility may be adjusted for less than full-time status.
Federal PLUS (Parent) Loan: If your parent chooses to accept (must accept at least a week before last day of the semester) a PLUS loan, please have parent go to http://www.ltu.edu/financial_aid/student_loans_plus.asp to read more about the PLUS loan. Parent will also need to complete a Parent Information Form and return it to Enrollment Services; access the Federal Direct Loan site to complete a Master Promissory Note (MPN). As with the Federal Stafford Loans, you (the student) must be enrolled at least half-time (six credit hours) and admitted to an eligible degree program at LTU to qualify. PLUS Loan eligibility is subject to parent credit worthiness.
Your parent may request an increase or decrease to the PLUS Loan by notifying Enrollment Services.
Loan Entrance Counseling: All first-time borrowers at Lawrence Technological University must complete an on-line entrance interview.
State Grant (Michigan Competitive Scholarship or Michigan Tuition Grant): This is an estimated full-time award pending confirmation from the State of Michigan. You must be enrolled at least six (6) credit hours for undergraduate or three (3) credit hours for graduate students to receive this award. Your award will be prorated down for enrollment of less than full-time. The State of Michigan will send you a letter to confirm your eligibility. If you did not list LTU as your first choice on the Free Application for Federal Student Aid (FAFSA), you need to contact the State at www.michigan.gov/osg. Funding for FAFSA filers filing after March 1st is limited.
Michigan Merit and Promise Awards: If you are eligible for this award based on your MEAP Test scores you will be notified by the State of Michigan. You must contact the State of Michigan Promise Scholarship site to designate LTU as your school of choice. Your award will be disbursed in accordance with your notice from the State.
Work Study Awards: Work Study employment is subject to the availability of jobs and funding at LTU. You must contact Career Services at (248) 204-3140 to initiate the job search process. You will be paid through the Payroll department as you earn your awarded funds depending on the number of hours worked and your rate of pay. Work Study funds awarded on the Award Notice are not paid directly to your student account.
Satisfactory Academic Progress (SAP): Students are expected to maintain SAP to continue receiving financial aid. Undergraduates must maintain a GPA of at least 2.0 and graduate students must maintain a GPA of 2.75 or greater. All students must complete 67% of all classes attempted to remain eligible for financial aid. If you do not meet the SAP requirements, you may lose your financial aid eligibility for the next academic semester. Students are also expected to make normal progress toward graduation without exceeding the normal length of program by 150%. Go to www.financialaid.LTU.edu for additional SAP details.
Book Card: To obtain a book card, check your book card eligibility at the DTE Energy One-Stop Center. To be eligible, your financial aid must exceed the amount of your tuition/fees by the amount of the book card desired.
LTU Scholarships: You must meet the requirements set forth by the Scholarship Committee. If you are on co-op or enrolled less than full-time, you may not be eligible for your scholarship for the semester. Also, you must meet the Academic Progress requirements established by the Scholarship Committee. For any LTU scholarship questions or concerns, please contact Dr. Jerry Crist at (248) 204-3604. Receipt of scholarship funds may affect your eligibility for other financial aid programs. Your financial aid package is subject to revision at any time.
Other Scholarships and Funding: You must notify the Office of Enrollment Services of any other scholarship, company billing, or employer reimbursement funds received from all sources (including employee benefits that cover tuition and/or non-tuition costs) not listed on this award notice. Please notify the Office of Enrollment Services in writing stating the source and the amount received from each source for the semester. Receipt of scholarship(s) and other resources may affect your eligibility for financial aid. Your financial aid package may be subject to revision at any time to adjust for additional resources received.
Before you consider a non-federal student loan (loans advertised directly to you by a lender), please investigate your options through federal student loan programs offered through Lawrence Tech. We hope you will consider the federal loans that traditionally have better terms and conditions than the loans you may find otherwise. If you have any questions, don't hesitate to contact Enrollment Services at the One Stop Center (248-204-2280) for additional information.
PLEASE PRINT AND Keep A copy for your personal records