Most financial aid is awarded on a first come, first served basis. With that in mind, you should begin the application process as early as possible to ensure the availability of financial aid funds. The ideal time to apply for financial aid is January through early February. The priority filing date is April 1.
You should also note that no financial aid will be awarded until you have been officially admitted to Lincoln Memorial University. So, step one: Apply for Admission!
All financial aid applicants are required to submit the Free Application for Federal Student Aid (FAFSA). Complete it at the FAFSA website.
By completing the FAFSA, you will be applying for all need-based financial aid programs at Lincoln Memorial University. You should submit the FAFSA no earlier than January 1, but no later than April 1 for priority consideration. Within four weeks after you file your FAFSA, the U.S. Department of Education will send you a Student Aid Report (SAR). (Your SAR might include language about verifying your FAFSA accuracy. Please click here to read more about Verification.)
Lincoln Memorial University's FAFSA code is: 003502.
If you have an unusual financial situation that has occurred since you filed your Free Application for Federal Student Aid (FAFSA), please complete the appropriate Professional Judgment Appeal form below and return it to the Financial Aid Office as soon as possible.
Once the application process is complete, you will receive a notification via mail with instructions on how to view and accept your financial aid awards through myLMU. myLMU is an online portal to access your student accounts. Email notifications will be sent to your LMU email account when awards are processed or revisions are made.
The awards are calculated based on the information contained on your FAFSA. If information regarding your housing or enrollment status changes, the financial aid award package may change. Also, if any other aid or scholarships are awarded to you from outside sources, your award package may change.
Here is a list of all undergraduate charges for the 2016-2017, tuition, fees, room and board.
Financial aid awards are usually made on an annual basis. The annual award is divided into two equal installments, which are posted to the student's account by the Bursar's Office during the fall and spring terms.
After applying financial aid awards to your student account, if a credit balance is created, you are eligible to receive a refund. Checks for credit balances are issued each Friday and will be mailed to you unless you set up direct deposit through Pathway.
Students who withdraw, or who cease to attend prior to the 60% point of the term shall be subject to the Federal Return to Title IV policy. This policy, as established by the Federal Government, applies to federal funds only. Institutional funds are subject to the institution’s credit/refund schedule for that term.
Official withdrawals shall be processed thru the Return to Title IV Funds worksheet located on the FAA Access website. This worksheet calculates the percentage of aid earned based on the withdrawal date. If the calculation determines that funds must be returned, the school will initiate that process. The amount of funds returned for the student from their tuition and institutional charges is an obligation the student will owe the university. Counseling will be done with the student regarding any funds that are pending disbursement or returned to the government.
Students who did not officially withdraw and have earned all F’s or Incompletes are considered to be Unofficial Withdrawals. These students must prove class attendance beyond the 60% point of the term. If this proof is not available, their aid earned will be calculated thru the Return to Title IV Funds worksheet located on the FAA Access website. This calculation will be done at the 50% point of the term as directed by federal requirements. The amount of funds returned for the student from their tuition and institutional charges is an obligation the student will owe the university. Counseling will be done with the student regarding any funds that are pending disbursement or returned to the government.
There is a separate application for Summer Financial Aid. (The form must be printed, completed and submitted in its entirety; altered forms will not be accepted.)
For general inquiries, contact the Financial Aid Office at 423.869.6336.