How eligibility is determined

At Loma Linda University, we use the Free Application for Federal Student Aid (FAFSA). This needs analysis system, created by Congress, will determine what a student's and their spouse's contribution should be based on their income and assets for the previous tax year. The Office of Financial Aid does not calculate this amount; it is calculated by the Department of Education.

Once a contribution amount is established, the Office of Financial Aid can determine how much assistance will come from each category. All need-based loans require that a Free Application for Federal Student Aid (FAFSA) be completed.

Students applying for loans at LLU

Federal regulations require ALL borrowers to read and sign a loan counseling session called an "Entrance Interview." The purpose of the counseling is to acquaint you with your rights, responsibilities, and obligations under the loan programs.

All students are encouraged to make an appointment once in school with an advisor to further discuss financial aid issues/needs.

It is mandated that students apply for need-based loans first. Need-based loans have the best terms available. If you do not qualify for these loans or for the full amount you requested, you may then apply for non need-based loans to supplement your budget needs.

Students should be aware that financial aid funds are disbursed on an enrollment period basis in equal installments, and will be credited to their student account. Any credit balance remaining after tuition and required fees are paid, may be withdrawn. An origination fee (1.072% for Direct Loan Federal Stafford Loans, and 4.288% for Direct Loan PLUS Loans) is deducted from the loan amount at each disbursement.

Independence is recognized when applying for Subsidized/Unsubsidized Stafford and private loans. However, the Office of Financial Aid requires parental information for LLU institutional funds and some other external government programs. Students should include parental information on the FAFSA and provide their parents' 2013 US Federal Tax Return Transcripts along with student's and spouse's (if applicable) 2013 US Federal Tax Return Transcripts.