Additional Loan Options

Your financial aid award will include the Federal Direct Loan(s) you are eligible to receive. Federal Direct Loan limits are available here. If you are eligible for the Federal Perkins Loan, this loan option will also be included with your financial aid award.

If you need additional funding, there are two loan options:

  1. Private education loan
  2. Federal Direct Parent PLUS Loan*

*If your parent's request for a Federal Direct Parent PLUS Loan is denied, your will be eligible for an additional Unsubsidized Direct Loan. Click here for the Federal Direct Loan annual limits

Outside Scholarships

Congratulations! You received an outside scholarship... now what?

In accordance with Federal Student Aid regulations, you must report outside scholarships to the Financial Aid Office. Outside scholarships may impact your eligibility for the following need-based federal student aid programs:

  • Federal Work Study
  • Federal Direct Subsidized Loan

How do I report my scholarships?

Complete the Outside Scholarship Report Form and return it to the Financial Aid Office.
 

Where should my scholarship be mailed to?

Scholarship checks should include:

  • Student's Name
  • Student's LU ID

Scholarship checks should be mailed to:

Student Accounts Office
Lawrence University
711 E Boldt Way
Appleton, WI  54911
 

How are outside scholarships applied to my bill?

Scholarships are usually paid with one check for the annual amount, or two checks--each for half of the annual amount. The timing of when the scholarship check is received affects how the scholarship is applied to your bill.  

Scholarship Check Received 1 check for 100% of annual amount
Prior to Sept. 15 1/3 of the annual scholarship amount is applied to Fall Term balance
Between Sept. 15 and Jan. 15 2/3 of the annual scholarship amount is applied to Winter Term balance
After Jan. 15

100% of scholarship is applied to Spring Term balance

 

Scholarship Check Received Check #1 for 50% of annual amount Check #2 for 50% of annual amount
Prior to Sept. 15 1/3 applied to Fall Term balance NA
Between Sept. 15 and Jan. 15  1/2 is applied to Winter Term balance 1/6 applied to Winter Term balance and 1/3 applied to Spring Term balance
After Jan. 15 1/2 applied to Spring Term balance 1/2 is applied to Spring Term balance