FINANCIAL AID OFFICE
 
 
 
Terms and Conditions of Your Award
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Understand that we reserve the right to make adjustments to this award as a result of changes in your financial status, enrollment status, availability of funds and /or if scholarships exceed total Cost of Attendance.
Financial aid is awarded on the conditions listed below:

  • Admitted to or enrolled in a Degree-Granting Program
     
  • Maintain Satisfactory Academic Progress
     
  • Enrolled and attending classes
     
  • If you receive aid that you are not entitled to, it will be your responsibility to repay those funds
     
  • If you are taking classes at two different institutions, you can only receive aid at one institution
     
  • Additional financial assistance received from outside resources (i.e. scholarships, waivers) may reduce other aid already offered
     
  • Master Promissory Notes, Entrance and Exit Interviews are required for all Federal Student Loans

Terms

Federal Pell Grant – A need-based federal grant administered by Xavier University of Louisiana Federal Pell Grants are generally awarded only to undergraduate students (those who have not earned a bachelor’s degree). A grant does not have to be repaid.

Federal SEOG – Federal Supplemental Educational Opportunity Grant - A federally funded need-based grant administered by Xavier University of Louisiana. Unlike Federal Pell Grants, the amount of the FSEOG award you receive depends not only on your financial need, but also on the amount of other aid you receive and the availability of funds at the university. This grant does not have to be repaid.

Federal Direct Graduate PLUS Loan – A loan that graduate or professional degree students can borrow and is subject to credit approval. The student must be enrolled and attending classes at least 6 hours to be eligible for loan funds. To apply for the Graduate PLUS loan go to StudentLoans.gov. Then click on the "Sign In" green box and enter the data required. This will bring you to the welcome page which you can then click on "Start PLUS Application Process", then select the loan type of "Graduate PLUS" and follow the instructions to complete the application. You have the right to cancel or reduce your loan.

Federal Direct PLUS Loan – is a loan that a parent can borrower on behalf of his/her dependent daughter/son and is subject to Credit Approval. The student must be enrolled and attending classes at least 6 hours to be eligible for loan funds. To apply for the PLUS loan go to StudentLoans.gov. Then click on the "Sign In" green box and enter the data required. This will bring you to the welcome page which you can then click on "Start PLUS Application Process", then select the loan type of "Parent PLUS" and follow the instructions to complete the application. You have the right to cancel or reduce your loan.

Federal Direct Subsidized Loan – is a loan that must be repaid. You must be enrolled and attending classes at least 6 hours to be eligible for loan funds. You have the right to cancel or reduce your loan. To sign your Federal Direct Master Promissory Note visit StudentLoans.gov

Federal Direct Unsubsidized Loan – is a loan that must be repaid.   You must be enrolled and attending classes at least 6 hours to be eligible for loan funds. You have the right to cancel or reduce your loan.

Federal Perkins Loan – The Federal Perkins is a low-interest loan (5 percent) for undergraduate and graduate students with exceptional financial need. This loan must be repaid.   You must be enrolled and attending classes at least 6 hours to be eligible for loan funds. You have the right to cancel or reduce your loan.

Federal Work-Study (FWS) – is a work program that provides part-time, on-campus employment to students with financial need. FWS employment may be awarded to both undergraduate and graduate students during periods of enrollment. The Federal Work-Study wage begins at $8.00 per hour.
 
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EST 1925