FINANCIAL AID AND SCHOLARSHIPS

FEDERAL DIRECT LOANS

Federal direct loans may be available for undergraduate and graduate/professional students. Under these programs, the U.S. Department of Education is the lender. These loans have a six-month grace period after the student is no longer enrolled at least half-time* in a degree program and before the first payment is due.

DIRECT SUBSIDIZED: Available to undergraduate students with financial need. The U.S. Department of Education pays the interest on these loans while the student is enrolled at least half-time and during the six-month grace period.

DIRECT UNSUBSIDIZED: Available to undergraduate and graduate/professional students regardless of financial need. The student is responsible for the interest, which may be paid while in school or accrued and then added to the principal balance.

DIRECT PLUS LOANS: A credit-based loan available to graduate/professional students and parents of dependent undergraduate students to help pay for expenses not covered by other financial aid.

*Half-time is determined by the degree program in which you are enrolled. For the Doctor of Chiropractic program and all undergraduate programs, half-time requires a minimum of six credit hours per trimester. Our other graduate level programs require a minimum of five credit hours per trimester.

FEDERAL DIRECT LOAN LIMITS

DOCTOR OF CHIROPRACTIC PROGRAM: Chiropractic is an approved discipline eligible for increased Direct Unsubsidized Loan amounts. An additional amount, up to $12,500 per academic year, can be awarded only to students enrolled in the DC program. This means a DC student may receive up to $33,000 total per academic year (or every two trimesters.) The annual limits combined with other aid may not exceed the cost of attendance budget. The aggregate limit for eligible students is $224,000. The aggregate limit includes all Direct (Subsidized and Unsubsidized) loans made to the student for all attendance, including loans received as an undergraduate and/or graduate student.

DOCTOR OF HEALTH PROFESSIONS EDUCATION, DOCTOR OF EDUCATION AND MASTER’S DEGREE PROGRAMS: The maximum amount of Direct Unsubsidized loans is limited federally to $20,500 per academic year and cannot exceed an aggregate borrowing amount of $138,500. The aggregate limit includes all Direct (Subsidized and Unsubsidized) loans made to the student for all attendance, including loans received as an undergraduate and/or graduate student.

UNDERGRADUATE PROGRAMS: The annual loan limit is determined by the student borrower’s year in school and their dependency status. The aggregate limits for an undergraduate student are outlined below.

ALTERNATIVE/PRIVATE LOANS

Alternative/Private loans are credit-based, nonfederal loans available to undergraduate and graduate/professional students. Under this program, a bank is the lender. The Office of Financial Aid has researched and created a preferred lender list based on the high quality of service to students and the best terms and conditions available to Logan students. If you would like additional information regarding the preferred lenders, please speak with a Financial Aid Advisor. You may choose any lender for this type of loan; they do not have to be included on the preferred listing.

Please note, a borrower may qualify for federal grants and loans, and the terms and conditions of federal loans may be more favorable than the terms and conditions of alternative/ private education loans.

For additional details regarding federal student grants and loans, please visit studentaid.gov.

SCHOLARSHIPS

LOGAN SCHOLARSHIPS: Numerous scholarships are offered to current students. The application period for the majority of these scholarships is typically during December/ January and available through Scholarship Universe.

UNDERGRADUATE MERIT SCHOLARSHIPS: Undergraduate students may qualify for automatic merit scholarships based on their incoming cumulative grade point average. Merit scholarships may be renewable if the student meets specified criteria outlined in their award letter.

EXTERNAL SCHOLARSHIPS: External scholarship opportunities are posted in Scholarship Universe. Additionally, students may receive emails or notifications through Logan News of available scholarships.

To view detailed scholarship information and to access Scholarship Universe, please visit the admission page on the Logan website.

FEDERAL GRANTS

Federal grants may be available to undergraduate students working toward their first bachelor’s degree only. Pell Grants, Iraq and Afghanistan Grants, and Supplemental Educational Opportunity Grants (SEOG) are based on need and do not need to be repaid.

STATE GRANTS

State grants may be available for undergraduate and professional students. These often have deadlines. Check with your state for additional information.

Missouri Resident Undergraduates: To be eligible for state student financial aid, initial and renewal students should have a Free Application for Federal Student Aid (FAFSA) on file by Feb. 1, but no later than April 1. Eligible students who apply between Feb. 1 and April 1 will be awarded state financial aid based on funding availability.

Doctor of Chiropractic students from Arkansas, Oklahoma, Mississippi, and North Carolina have received state grants.

FEDERAL WORK STUDY

Federal work study may be available for undergraduate and graduate/professional students and based on need. Federal work study is a part-time job on campus in which the student receives a biweekly paycheck for the hours worked. For information on eligibility, contact the Office of Financial Aid.

VETERANS BENEFITS

Logan University certifies enrollment each trimester to the Veterans Administration through the expected completion date of the VA-approved program. All veterans must provide a copy of their DD214 and complete form 22-1995 (or 22-1990 if they attended college previously) to Logan’s certifying official located in the Office of the Registrar.

Logan has partnered with the VA and participates in the Yellow Ribbon Program. For students who receive benefits at the 100 percent rate under the Post 9/11 GI Bill® (Chapter 33), full tuition and fees will be covered.