Sources of Financial Aid

Lakeland University participates in federal and state student financial aid programs for which its students are eligible. Students who are uncertain about their eligibility for any federal or state aid program should contact the Financial Aid and Educational Funding Office. The award of federal and state financial aid funds is contingent upon timely completion of all relevant application and financial status forms including the submission of student and parental income tax documents from the most recent tax year.

Federal Government

• Pell Grant ($649 to $6,495) (Undergraduate Only) Award is based on need.
• SEOG Grant ($200 to $1,000) (Undergraduate Only) Award is based on need.
• Direct Loan Program (Subsidized and Unsubsidized) ($200 to variable) This loan program is federally funded and offers a competitive interest rate.

Lifetime Career Maximum for Undergraduates is $31,000 for Dependent students and $57,500 for Independent Students. Beginning July 1, 2013 any first time borrower is subject to the federal 150% regulation. Lifetime Career Maximum for Graduate students is $138,500.

• PLUS Loan Program (Variable) This loan is available from the federal government for parents of dependent students.
• Direct GRAD PLUS Loan Program (Graduate only) Remaining cost of education after other sources of financial assistance are applied.

State of Wisconsin

• Wisconsin Grant ($1,000 to $3,650) May be offered to Wisconsin residents who attend Wisconsin private colleges such as Lakeland University. Funds for this program are limited. Students are strongly advised to meet the February 1st FAFSA priority filing date; however, the date can change depending on the number of applicants from the state.
• Talent Incentive Program Grant (TIP) ($250 to $1,800) (Undergraduate Only) Designated to assist low income, disadvantaged students. A maximum grant of $1,800 is available to qualified first-time freshmen. It is renewable based upon an amount determined by the state.
• Indian Student Assistance Grant ($250 to $1,100) (Undergraduate Only) May be offered to Wisconsin residents of Native American descent who have completed the Indian Student Assistance Grant Application.
• Hearing & Visually Handicapped Student Grant may be offered to Wisconsin residents who have severe, profound hearing or visual impairment and who have completed the Hearing & Visually Handicapped Student Grant Application.