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Office of Financial Aid

Types of Aid

What You Are Applying For...

After completing the FAFSA, most students don't realize why they completed the form. The FAFSA is your application for grants, and also loans and work-study if you wish.

The types of aid that ULM processes are grants, loans, alternative loans and federal work-study employment.

Grants

Includes Federal Pell Grants, Federal Supplemental Educational Opportunity Grants (FSEOG), and Louisiana Go Grants. Link to more information about grants.

Loans

Includes Direct (subsidized & unsubsidized), Health Professions, Direct Parent Plus, and Graduate Plus Loans. Link for more information about Loans.

Loan Proration for graduating borrowers

Per  federal regulation ULM is required to prorate a dependent or independent undergraduate student's annual Stafford loan limits, when they are enrolled in one semester and will graduate in the same academic year.  This mostly will affect students who will graduate at the end of the fall term.

If you fail to notify the financial aid office of your upcoming graduation prior to the disbursement of your loans, the financial aid office will receive an official graduation list from the registrar's office and your loans may be adjusted which could result in a bill with the university.

How is proration calculated?

Alternative Loans

Alternative, or private educational loans, are designed to assist students and their families who are either not eligible for federal loans, or who need additional education financing. Link for more information about alternative loans.

Federal Work-Study

The positions are processed by the Office of Financial Aid. For more information, see campus employment.


Financial Aid for Certificate Programs
 

Post-baccalaureate undergraduate certificate programs are offered to students who have already obtained their bachelor’s degree. Students who enroll in a post-baccalaureate certificate program should be aware that they will have restricted financial aid eligibility which will only cover courses that are required by the certificate. No course substitutions, transfer work, or pre-requisite courses are covered by financial aid. To be eligible for federal loans students must be enrolled in at least 6 credit hours of undergraduate courses of the certificate-required coursework. Optional courses that students elect to take for professional recognition, advancement, to raise GPA, or that the University of Louisiana at Monroe recommends, do not qualify for financial aid. 

Students that are eligible to receive financial aid will be awarded loans as fifth year undergraduates and are bound by the undergraduate loan limits. Awards must also stay within a student’s cost of attendance. No student will be eligible for Pell grant because all students enrolled in the certificate program will already have received an undergraduate degree. Post-baccalaureate certificates must also meet satisfactory academic progress (SAP) requirements and are held to the federal repeater course policy. As certificate programs require less hours than traditional degree programs, students should be careful to plan their enrollment with their financial needs.

Post-Baccalaureate Certificate Programs Eligible for Financial Aid and Disclosure Information:

Organizational Leadership Online Program

The program will charge a flat per credit hour rate of $325 ($975 per course).  The degree can be competed in two years, well below the cost of other online degree programs.  Textbook costs will vary by course.  These costs typically run $75-$125 per course.  Southeastern also charges a graduation application fee upon completion of the program.

Financial aid may be available for student who qualify.  Contact our financial aid office for more information.  You should also talk to your employer about tuition reimbursement.

If you would like more information please refer to the website below.

Center for Adult Learning in Louisiana

All students receiving Federal Financial Aid are required to meet minimum Standards of Satisfactory Academic Progress (SAP) to maintain eligibility.


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