The Financial Aid and Scholarships Office collects data from:
- The application submitted by the student
- Supporting documents
- A personal interview with the applicant and his/her parent(s) or guardian.
The data is then assessed, and the decision is made by a committee of LAU administrators and a faculty representative.
The financial aid package consists of work-study, grants and optional loans.
The work-study program gives you the opportunity to gain work experience, discipline, and a sense of personal responsibility and accomplishment. Students are assigned to work in offices/divisions across the university for a certain number of hours per semester, at the rate of $9.95 per hour.
Semester Credit Load:
- A minimum course load of 12 billed credits per semester unless the student is graduating.
- A minimum course load of 5 billed credits in the summer semester and work-study hours are prorated over 12.
- New students receiving Financial Aid may benefit up to the total number of credits required in their major for graduation.
- In case of non-eligibility in a given semester, the number of credits passed during that semester will be deducted from the balance of the number of credits the student is entitled to.
- LAU students changing majors/degrees or holding a bachelor degree and shifting to a major in a professional school may benefit from Financial Aid for the remaining number of credits required for graduation in the new major/degree provided that the total number of Financial Aid credits does not exceed the new major’s total credits.
- Students may benefit from additional credit coverage depending on their major as follows:
- 6 credits for BA/BS students
- 9 credits for BE students
- 9 credits for Interior Architecture
- 12 credits for BArch students
- 6 credits for pre-pharmacy and another 6 for those continuing BPharm
- Students working towards a Teaching Diploma may benefit from Financial Aid for an additional 21 credits.
- Students who have changed major and meet above conditions may benefit from additional Financial Aid up to two regular semesters as deemed necessary by the financial aid campus committee. ( Summer module equals one regular semester).
- Students seeking a dual major or minor(s) may benefit from Financial Aid and Honor Scholarships for an additional extra 6 credits.
For extreme and justifiable documented cases and upon the referral of the FA campus committee, additional credits may be decided upon by the University Council for Financial Aid (UCFA) who may raise it to a higher level for final approval.
- If CGPA drops below 2.0.
- Immediately, if a student receives two warnings.
- Students may also disqualify for Financial Aid and/or Scholarships in subsequent semesters if they fail to work satisfactorily and/or to complete the scheduled hours with no valid reason.
A certain percentage of a student’s tuition may be covered by a grant depending on financial need and academic status.
- Need-based Grants: A certain percentage of a student’s tuition may be covered by a grant depending on financial need.
- School Programs Grants: These are awarded to students majoring in selected fields. These majors are announced at the beginning of the academic year.
- Special Donors’ Grants: These grants are made available by individual donors and/or organizations. A separate application should be filled out by interested candidates. Selection is made according to each donor’s publicized criteria.
- Hardship Grants: These are awarded to students in severe financial need, which is defined by specific criteria.
LAU loans can be requested by undergraduate students from the university in addition to the financial aid package. Repayment of the loan is spread over a twelve year period. The first three years after a student graduates (or withdraws from the university) are seen as an interest-free grace period. After the grace period ends, a service charge equivalent to 50 percent of the market credit interest rate will be charged. Collection incentives are available for students able and willing to settle their loans prior to maturity.