Student Information
regarding responsibilities & rights, satisfactory progress, & withdrawal policy

Scholarships
ULM's website for scholarship information

...assisting our students with the cost of education

General Eligibility Requirements

To receive Financial Aid, you must:

• be enrolled at least half-time (six hours) in an eligible degree-seeking or certificate program
• be a U.S. Citizen or eligible non-citizen
   -related link: uscis.gov
• have a valid Social Security Number
   -related link: www.ssa.gov
• be registered with the Selective Service (if required)
   -related link: www.sss.gov
• be in good academic standing and maintain satisfactory academic progress toward completion of a degree or certificate
• not owe a refund on a federal grant or be in default on a federal education loan
• demonstrate a financial need, except for some loan programs
• submit all required documents from previously attended institutions of higher education
• verify that all items on your Student Aid Report are correct
• sign a statement of educational purpose stating that you will use your financial aid only for those expenses related to attending school
• sign a statement of registration compliance

Determining Financial Need

Financial need is determined by subtracting the family's Expected Family Contribution (EFC) from the University's Cost of Attendance. Note: The EFC number is determined by filing the Free Application for Federal Student Aid (FAFSA) and is found on your Student Aid Report (SAR).

The amount left over after subtracting the expected contribution from your cost of education is considered your "financial need."

Cost of Attendance

Cost of Attendance is the estimated amount it will cost to attend The University of Louisiana at Monroe for one academic year. Your Cost of Attendance budget is based upon where you are living while attending school (i.e. on-campus in a dormitory, with parents, or off-campus not with your parents). It may also be adjusted because of your field of study (i.e. professional pharmacy fees).

Check the Course Schedule for tuition and other costs.

Expected Family Contribution

The Expected Family Contribution (EFC) is the amount that you (and your spouse, if married) and your parents are expected to contribute toward your education. The EFC is determined by filing the FAFSA and is the EFC number found on your Student Aid Report (SAR).

Other Resources

You may be receiving other forms of assistance for your educational costs, such as scholarships, Veteran's Benefits, Vocational Rehabilitation, etc. It is very important for you to notify the Financial Aid Office if you anticipate receiving these types of awards. Failure to do so may cause you to owe a refund of your received financial aid.

Disbursing Financial Aid

Most available financial assistance (including student loans) is disbursed at the beginning of each term. If you owe a balance to The University, your financial aid will be credited toward that balance (excluding any of your bookstore charges). You will receive a "refund" only if you have funds available in excess of your balance due.

You cannot expect to have a refund available on this first refund date if you were late in submitting all required documentation necessary to process and disburse your funds. This includes returning your promissory note to the appropriate guaranty agency. Any student not registered in at least 6 hours (undergraduate students) or 5 graduate level hours (graduate students) before Late Registration should not expect a loan refund on the first published refund date. Any loan funds guaranteed for you will be held at the guaranty agency until your half-time (or greater) enrollment status has been verified. See Add/Drop and Late Registration policies.

Please Note:

Financial aid awards are tentative awards and are not finalized until enrollment and residency are confirmed. Any changes in enrollment or residency status should be reported to the Financial Aid Office immediately so that any necessary adjustments may be made.