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Financial Aid - Frequently Asked Questions

WHEN IT COMES TO BEGINNING THE FINANCIAL AID PROCESS, SO OFTEN WE HEAR PEOPLE ASK "WHERE DO I BEGIN?" WE ARE HERE TO HELP YOU AND GUIDE YOU THROUGHOUT THE PROCESS.

1. What is financial aid?
Financial aid refers to any federal and state aid, grants/scholarships and loans, available to students and/or their parents to help offset the cost of higher education.

2. I am a graduate student; will I qualify for federal aid?
The only federal aid you will be eligible for are student loans.

3. I am an undergraduate student working on my bachelor's degree; will I qualify for federal aid?

  • You must submit a Free Application for Federal Student Aid (see below).
  • You must be a U.S. citizen, permanent resident, or eligible non-citizen.
  • You must be enrolled in at least 6 hours.
  • You must be officially admitted to Lindenwood University.


4. What are the steps I have to take to apply for financial aid?
There are several steps you must complete in order to apply for financial aid. Follow these steps and you will be on your way to completing the process.

  • Complete the Free Application for Federal Student Aid (FAFSA) or renewal application at www.fafsa.gov as early as possible to meet state aid deadline of April 1.
  • Complete the Entrance Interview form online.
  • Complete Master Promissory Note for Direct Loans online.

5. If a Stafford loan does not provide enough financing to meet my educational needs what else is available?
You many want to consider a Parent Plus Loan (parents of undergraduate students only) or an Alternative Loan (undergraduate and graduate students).

6. Why do I have to provide my parents information?
Even if a student's parents do not contribute money toward their education, students are considered a dependent of their parents unless:

  • They are 24 years old before January 1 of the year you are applying for financial aid.
  • They are an orphan or were a ward of the court until age 18.
  • They are a veteran.
  • They are a graduate student.
  • They are married.
  • They have legal dependent other than a spouse.
  • They are currently serving on active duty in the U.S. Armed Forces for purposes other than training.


7. If I have not completed my taxes what should I do?
You may estimate your tax amounts for now.  Once you have completed your tax forms, make any necessary corrections to the FAFSA at www.fafsa.gov.

8. What does it mean if I am selected for "verification"?
Lindenwood University's Financial Aid Office, in conjunction with the Department of Education participates in a quality assurance program. As part of this program we may ask students and their parents or spouse to provide copies of certain income documents such as federal tax returns, W-2 forms, verification of untaxed income, and Verification Worksheets. We use these documents in a process called verification where we compare income tax information and household size to the data you reported on the FAFSA. Without these forms being complete, we will not be able to process any Federal Aid (grants/scholarships or loans).

9. After applying for financial aid what do I do next?
Once you have completed all the proper paperwork needed for financial aid, you will receive a student aid award letter in the mail. The student aid award letter will indicate the aid that has been awarded. If the information is correct, sign, date and return student copy #1 to the financial aid office and keep student copy #2 for your records. If the information is incorrect, or you have questions, contact the financial aid office at at (636) 949-4923.

10. Who should I contact with questions about my financial aid?
The Financial Aid Office is available to answer questions pertaining to your financial aid. Office hours are Monday through Thursday from 8 a.m. to 6 p.m., Friday from 8 a.m. to 5 p.m., and Saturday from 8 a.m. to 4 p.m. You can stop by the office which is located in the lower level of Roemer Hall on the main campus or you can call us at (636) 949-4923. Please remember your advisor or instructor cannot answer questions pertaining to your financial aid.

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