It is very important that you read this page carefully. It contains information about your financial aid award. You are responsible for understanding the terms and conditions stipulated in this document.
All awards, unless noted otherwise, are based on full-time, full-year enrollment.
Disbursement of Awards. Disbursement of scholarship, grant, and loan funds are usually divided equally among the three terms. (This does not include Federal Work-Study and Campus Employment awards.) Grant and loan funds awarded by private donors are not applied to your account until the money is received by Lawrence.
Other Awards. Federal regulations (34 CFR 673.5(b)—if you’re looking for a scintillating read) require us to take into account any resources we know about or can anticipate you receiving when we award and disburse financial aid. If you receive monetary awards from sources other than Lawrence University, you must notify the Office of Financial Aid of the details of the outside award. We will adjust your aid package to reflect the outside award. Awards from outside sources have no effect on Lawrence University gift aid (merit or need-based), unless the total amount of Lawrence gift aid and outside resources exceeds the total cost of attendance. (If that’s the case, congratulations: you’re a star. Your Lawrence scholarship will also be reduced so that you’re not actually profiting financially from attending college—you will, of course, profit philosophically, but that’s for another discussion.)
Reconsideration of Award. We will reconsider aid awards only if you present new information that was not available at the time you submitted your aid application. It should be understood that any possible increase in aid must be related to the availability of Lawrence resources. Lawrence does not "negotiate" financial aid awards. A student must first accept all available aid offered to them before being considered for additional aid.
Renewal of Lawrence Scholarships. If you receive an Academic or Music Scholarship from Lawrence, your scholarship will renew each year (up to fours years for BA and BMus students, and five years for double-degree) as long as you are in good academic standing.