As required by the U.S. Department of Education, Claremont Lincoln University is required to provide basic financial information as part of the consumer information requirements.
Claremont Lincoln University strives to ensure that our students are provided access to financial resources which will assist them in achieving their educational goals. The Financial Aid Office administers need based federal assistance programs in addition to administering private and institutional awards the student may be eligible for.
Assistance Available from Federal, State, Local and Institutional Programs
Institutional Scholarship Programs
Claremont Lincoln University offers a variety of scholarship opportunities to assist students in their pursuit of their Master’s Degree. International students are eligible to apply for any Claremont Lincoln University Scholarship. To learn about the programs that you might be eligible for please visit the Scholarship page or contact the Office of Admission at (909) 667-4444 or email@example.com
General Eligibility for Title IV Funding
- Student must be U.S. Citizens, permanent residents, or other eligible non-citizens to be eligible for federally funded financial aid programs.
- Student must be enrolled in a graduate program at least ½ time. 3 units per term is considered ½ time enrollment at Claremont Lincoln University.
- Student must have a valid Social Security number.
- Student must not owe a refund from any federal grant or loan or be in default on any federal loan
- Students required to register with Selective Service must have registered.
- Student must make satisfactory academic progress.
Federal Financial Aid Programs Available
Claremont Lincoln University participates in the Federal Direct Unsubsidized Loan Program. A loan is money you borrow and must pay back with interest. Loans made by the federal government, called Federal Direct Loans, usually offer borrowers lower interest rates and have more flexible repayment options than loans from banks or other private sources. If you decide to take out a loan, make sure you understand the terms and conditions of the loan and are borrowing only what is necessary to complete your education.
Federal Direct Unsubsidized Loan
Students who complete the FAFSA and meet all other eligibility requirements will be eligible to borrow through the Federal Direct Unsubsidized Loan program.
There is no requirement to demonstrate financial need for this federal loan. Claremont Lincoln University determines the amount you will be eligible to borrow based on your cost of attendance and any other financial aid received.
Students are responsible for paying the interest on a Federal Direct Unsubsidized Loan during all periods of enrollment. While enrolled at least ½ time the borrower is eligible to defer payments, however the interest will be capitalized.
Interest rates and fees are set by the U.S. Congress each year. For more information on current interest rates and origination fees please visit: https://studentaid.ed.gov/sa/types/loans/interest-rates
Terms and Conditions of the Federal Direct Unsubsidized Loan
There are terms and conditions set forth by the Federal Government in addition to Student Rights and Responsibilities. Detailed information can be found by visiting: https://studentaid.ed.gov/sa/types/loans/subsidized-unsubsidized
Application Procedures for Title IV Funding
In order to apply for Title IV Funding at Claremont Lincoln University, students must submit a FAFSA (Free Application for Federal Student Aid) by visiting www.fafsa.ed.gov. Claremont Lincoln will receive your information electronically. When you have been admitted to the University, CLU will produce a Financial Aid Award letter detailing your eligibility for the Federal Direct Unsubsidized Student Loan.
Upon receipt of the award letter, the student must review it and then indicate how much they would like to borrow based upon their eligibility, sign and return to the office of Financial Aid.
- Student must be admitted to the University and meet all financial aid eligibility requirements.
- Student must submit the FAFSA for the academic year of attendance.
- Student will be awarded a Federal Direct Unsubsidized Loan based upon the individual cost of attendance and enrollment period, not to exceed the annual maximum of $20,500.
Loan Periods & Disbursement
Any form of aid (loans, grants or scholarships) administered by the Financial Aid Office are applied directly to your student account to pay tuition. Prior to the disbursement of any proceeds, institutional and federal eligibility will be confirmed. Funds are transmitted electronically by the U.S. Department of Education. Your loan period will cover the academic year for which you are enrolled. Our academic year runs 7/1 – 6/30 and consists of 4 standard 10 week terms. Your loan will be disbursed in equal payments across the number of terms you attend in the academic year. If you are only registered for one term within the academic year, federal regulations require that we disburse your loan in two equal payments across that one term.
If the disbursement of a loan or scholarship creates a credit balance after the payment of tuition, the student will be issued a refund within 14 days of the disbursement.
Federal Student Financial Aid Penalties for Drug Law Violations
Continued Eligibility for Federal Financial Aid Programs: Satisfactory Academic Progress
To be eligible for federal financial aid, graduate students are required by the U.S. Department of Education (34 CFR 668.34) to maintain Satisfactory Academic Progress toward their degree objectives. Claremont Lincoln University has established this SAP policy to ensure student success and accountability and to promote timely advancement toward degree objectives. These standards are separate and distinct from the University’s Academic Degree Requirements and Policies as stated in the Catalogue. Review the University SAP policy in its entirety.
Student Loan Information
- Student Loan Entrance Counseling Requirement
If you have not previously received a subsidized or unsubsidized loan under the Direct Loan Program or a subsidized or unsubsidized Stafford Loan under the FFEL program, you are required to complete entrance counseling prior the disbursement of any loan proceeds. While the completion of Entrance Counseling is not mandatory for a prior borrower, Claremont Lincoln University highly suggests visiting www.studentloans.gov to refresh your understanding of the rights and responsibilities associated with borrowing a Federal Direct Student Loan.
- Student Loan Exit Counseling Requirement
Students who have received an unsubsidized loan under the Direct Loan Program must complete exit counseling each time they drop below half-time enrollment, graduate or leave school. Exit counseling provides important information to prepare you to repay your federal student loans.Students may complete this Exit Counseling by visiting www.studentloans.gov
- Financial Literacy & Managing your Student Loans
Claremont Lincoln University wants to ensure that students borrow responsibility and are aware of all repayment, deferment and forbearance opportunities. In order to manage your student loan please visit studentloans.gov. This site will provide timely and relevant information about your loan and will provide resources and guidance for repayment.By visiting www.studentloans.gov, you will be able to:
- Manage Your Account
- Make a student loan payment
- Consolidate your loans
- Enroll in E-bills
- Loan History
- The National Student Loan Data System provides a centralized view of Title IV loans and grants.
- Loan Repayment Options
- The Smart Student Guide will provide information on many options for repayment.
- Loan Repayment Calculator
- The Loan Payment Calculator computes an estimate of the size of your monthly loan payments upon repayment.
- Loan Consolidation
- Your source for information from the U.S. Department of Education about how to manage your student loans.
- Loan Entrance/Exit Counseling
- Entrance counseling provided by the U.S. Department of Education as required for all first-time borrowers.
- Exit counseling is required when you graduate, leave, or drop below half-time enrollment status. Exit counseling provides important information needed for successful repayment of your loan. You will need to provide the name, address, e-mail address and telephone number for your closest living relative along with two references who live in the U.S., and your current or prospective employer (if known).
- Income-Based Repayment Calculator
- A useful tool to determine if you are eligible for IBR once you graduate
- Manage Your Account
- Institutional Code of Conduct for Education Loans
Download the Student Loan Code of Conduct »