How to Read Your Financial Package Letter

Written by The LCU Blogging Team on Tuesday, November 7th, 2017 in Financial Aid

FAFSA: check! College applications: check! Once you’ve submitted your FAFSA and college applications, the real fun begins.

Acceptance letters will start rolling in and are usually followed closely by a financial aid package. Remember, you will receive a financial aid package from each school where you are accepted, not directly from the “FAFSA people.” Each school prepares your financial aid package based on the results of your FAFSA.

Financial aid packages are a bit different from school to school. Here’s how to read and decipher the information you’ll receive.

Cost of Attendance

The first portion of your financial aid package will outline the Cost of Attendance or COA.

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The Differences Between Grants, Scholarships, Work-Study and Loans

Written by The LCU Blogging Team on Tuesday, October 10th, 2017 in Financial Aid, Grants, Loans, Scholarships

If you plan to apply for college financial aid, you’re certainly not alone. After all, statistics show that 85% of four-year college students receive some financial assistance to help pay for their education.

While there are a variety of ways to receive financial aid, the most common types are grants, scholarships, work-study and loans. Here’s a look at all four while highlighting the differences between them and the pros and cons associated with each.

Grants

The terms “grant” and “scholarship” are sometimes used interchangeably, but there are differences. Both grants and scholarships come from similar sources,

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How Financial Aid Works

Written by The LCU Blogging Team on Tuesday, October 3rd, 2017 in Financial Aid

One term you’ve heard throughout high school and will hear throughout your college career at Lubbock Christian University is “financial aid.” Simply put, financial aid is money that the government and other organizations lend you to help pay for college.

Your role, along with your family, is to apply for financial aid. It can be a difficult process and it’s not always easy to understand, but here’s a look at the basics of financial aid and how it works.

Sources of Financial Aid

Financial aid primarily comes from the following sources: the federal government,

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How Much Does College Cost? Compare Costs Before You Decide

Written by The LCU Blogging Team on Tuesday, September 19th, 2017 in Financial Aid

Whether you’re wrapping up your high school career or you’re getting close to finishing your two-year college degree, one thing is for sure. It’s time to think about the next step: applying to a four-year university.

You know that earning a degree from a four-year institution is quite an investment, and it’s important to weigh the cost as a factor in your choice of school. We can help with that!

As you start to browse through university websites to narrow your choices, here are a few steps you can take to compare the cost of each school accurately.

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Paying for School with Scholarships & Grants

Written by The LCU Blogging Team on Tuesday, August 22nd, 2017 in Financial Aid, Scholarships

Financing your college education is no small matter.

Fortunately, at Lubbock Christian University you have plenty of help available as you financially plot out your college years. From scholarships to financial assistance, our Admissions and Financial Assistance teams are here to lend a hand.

Let’s start by taking a quick look at LCU’s scholarship opportunities.

LCU Scholarships: What You Need to Know

Academic scholarships

LCU offers academic scholarships to incoming freshmen based on their ACT or SAT score. These scholarships remain in place as long as the student maintains a required GPA that varies depending on ACT and SAT scores.

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