Steps in the Financial Aid Process | Langston University

Steps in the Financial Aid Process

Steps in the Financial Aid Process

Step One: Complete Your Financial Aid File
Langston University receives and reviews your processed FAFSA and additional documents, if requested.  Applicants who have been selected for Verification may need to provide a Tax Return Transcript representing previous year’s tax information and W-2’s for yourself, your spouse and/or your parents.< 

Complete and return Langston University Verification forms that are requested and available on the web.<The timeline below lists normal processing times needed to review your file for award consideration. 

All timelines are subject to volume, especially during peak enrollment periods. 
Students not selected for verification: allow ten (10) business days from file completion date.
Students selected for verification: allow up to fifteen (15) business days from file completion date.

Step Two: Award Notification
Your eligibility for scholarships and federal aid will be determined based on your application date, cost of attendance, enrollment status, internal and external scholarship aid offers.  Once eligibility has been determined, you will receive an Award Notice detailing the types and amounts of aid awarded and offered.  You must either accept or decline the aid offered.    If you have been offered and choose to accept student loans and you are a “first time borrower”, you must complete loan counseling and Sign your Master Promissory Note at before your loans will be originated.  If you have been offered and are accepting Federal Work-Study, you must visit the Human Resource Office, Page Hall, anytime after august 1st to apply for available work-study jobs.

IMPORTANT NOTE: To avoid over-award situations, please notify the Office of Financial Aid of all external scholarship offers that you receive as soon as you become aware of them.

Step Three: Federal and State Aid
For those who qualify and funds available, grants are available in the form of PELL, SEOG, and OTAG. Federal Work Study Program (FWSP and loans are available for students attending at least half-time (six credit hours).

Loans come in the form of Federal Direct Subsidized Stafford, Federal Direct Unsubsidized Stafford, and Federal Direct Parent PLUS, and alternative (private) loans. Parents of dependent students are responsible for applying for the credit-base PLUS Loan.

Step Four: Getting Paid
All funds received by Langston University will be applied to your student account to pay any outstanding balance. All aid (including accepted Loans) will be applied to student account after the drop and add period is over.  

All enrolled students will be allowed to secure required books and supplies from the Campus Bookstore by charging them to their student account.   For first-time entering borrowers, your disbursement date will be delayed 30 days.  FWSP funds are earned by working on campus and students will be paid as an LU employee.  All Federal Direct Loans are set to disburse in two (2) installments (example; one disbursement for fall and the 2nd disbursement for spring.  If you will be attending fall and or spring only, the 2nd disbursement will be applied at the midpoint of the loan period. If funds received exceed the balance, excess funds (credit balance) will be refunded to the student thru the Higher One process.   

If you had a student loan at any time while attending college and you are graduating, transferring, and or withdrawing from school, you are required to complete an exit interview with the Langston University Office of Financial Aid.