What is financial aid?
Financial aid is money awarded to students to help pay for a college education. Financial Aid comes in the form of federal, institutional, and state grants, loans and work-study.
There are two types of assistance a student may be awarded:
- Gift Aid – money the student does not have to be paid back. for example, grants and scholarships.
- Self-Help Aid – money the student will need to repay like loans or earns by working on campus like work-study.
Applying Step by Step
Complete the Free Application for Federal Student Aid (FAFSA) starting October 1st. The fastest and most efficient way to complete the FAFSA is online.
Financial Aid Renewal for Returning Students
Although some financial aid funds are renewable, all students must reapply for financial aid annually. Renewable financial aid is conditionally based on a student’s ability to maintain academic and financial aid eligibility.
After the Federal processor has processed a student’s FAFSA, he or she will receive a Student Aid Report (SAR). This summarizes the information on the student’s FAFSA and indicates the student’s Expected Family Contribution (EFC), which the school uses to help determine a student’s aid eligibility.
The Office of Financial Aid will download the FAFSA results as long as the student has listed University of La Verne on the FAFSA or SAR and has been officially admitted into a degree or certificate program at La Verne.
Submit the Grade Point Average Verification Form
(Non-California residents may skip this step.)
The University strongly encourages all California residents to apply for a Cal Grant. To apply, a student must submit a GPA Verification to the California Student Aid Commission (CSAC) by March 2. “California resident” is defined at www.calgrants.org. The following grades are included in the GPA calculations for Cal Grants:
High School Seniors
All grades from sophomore and junior years, including summer school grades earned following sophomore and junior years, with a few exceptions listed at www.calgrants.org.
High School Graduates
All grades from sophomore, junior and senior years of high school, including summer sessions. PE, ROTC, and remedial courses are excluded.
For a student who is not enrolled in high school and who has completed fewer than 24 college semester units, 36 quarter units, or the equivalent, all grades are included from sophomore, junior and senior years of high school — except for PE, ROTC, and remedial courses. If such a student has taken at least 16 semester units, the California Community College GPA will be used, but only for the Cal Grant B Competitive award.
For transfer students who are not enrolled in high school and who have completed at least 24 college semester units, 36 quarter units or the equivalent, all college grades received by the date the college certifies the student’s GPA will be used.
Continuing La Verne Students
The Registrar automatically submits GPA information to CSAC for continuing La Verne students with 24 or more units completed or transferred to La Verne. It is the student’s responsibility to complete the FAFSA for the upcoming academic year by March 2.
Submit any Document Requested to La Verne’s Office of Financial Aid.
Failure to turn all requested documents into the Office of Financial Aid by the deadline specified in the request may result in the loss of financial aid for which the student may otherwise have been eligible.
A student may be selected for “verification“. This means the student has been selected by the Federal processor to provide specific documents verifying income information or other supporting documents. If so, the student will be notified on the Student Aid Report (SAR), and can view all required documents in the student portal , MyLaVerne.
Additional documentation (such as selective service or citizenship documents) may be requested to complete a student’s file. The student’s file is not complete until all required documents, properly filled out, have been received by the Office of Financial Aid.
Obtain official admission to the University.
An applicant may complete the FAFSA and GPA Verification before he or she is officially admitted to La Verne. However, financial aid will not be awarded until the student is officially admitted.