Financial Aid

• 1) Apply for admission to Livingstone College by completing the Admission application online and forward requested credentials to the Office of Admissions.
• 2) Complete the Free Application for Federal Student Aid (FAFSA) form. It is important that you fully complete the FAFSA as soon as possible. Please be sure to indicate that you would like to attend Livingstone College on your FAFSA Application using our School Code.
• 3) While filling out the FAFSA, you are encouraged to provide your consent to allow the IRS to populate the applicable income fields on the FAFSA with data from your federal tax return. If you chose not to participate in this process, you will be required to obtain a Federal Tax Return Transcript from the IRS and send a signed copy to our office.
• 4) Complete all other required financial aid forms and return them to Livingstone College Office of Financial Aid.
• 5) When the Office of Financial Aid receives your Student Aid Report, we will then process your award(s), mail your award letter, and submit all award information via https://campusweb.livingstone.edu/ics.
• 6) We will also notify you in writing of any additional changes made to your financial aid award package.

• Verification is a process in which a FAFSA is selected for review by the Department of Education or the Office of Financial Aid at Livingstone College. If your FAFSA is selected for verification, the Office of Financial Aid will notify you and request signed copies of yours and your parent(s) Federal Tax Return Transcripts or with W-2 forms or with other financial documents and compare information from your FAFSA with the submitted documents. If there are differences between your FAFSA and your actual financial documents, Livingstone College Office of Financial Aid may need to make corrections electronically. You will be required to submit the following documents to the Office of Financial Aid AS REQUESTED: 1. A signed copy of your Federal Income Tax Return Transcript (and your spouse’s, if applicable) if you chose not to use the IRS import option to populate the income section of your FAFSA or complete and submit a 4506-T form. 2. A signed copy of your parent’s Federal Tax Return Transcript (if applicable) if they chose not to use the IRS import option to populate the income section of your FAFSA or complete and submit a 4506-T form.. 3. Verification Worksheets are available in the following locations: a. Office of Financial Aid’s Website, at the Forms Link. b. Within the Office of Financial Aid (Price Building, Suite 108)

Your Financial Aid must be accessed via the Portal. You can accept, decline, or reduce any part of the offer through the portal. If you need additional assistance you can send an email to your assigned Financial Aid Advisor.

If your award included a Subsidized and/or Unsubsidized Stafford Loan, and you have made the decision to accept. The next step is to complete the Master Promissory Note and Loan Entrance Counseling (if a first time borrower at LC. Both processes can be completed on www.studentaid.gov.

If your award includes a PLUS Loan (parent loan); your parent will need to apply for the loan using our online process. Please note that the PLUS Loan is based upon the borrower’s credit history.

The amount shown on the offer of Financial Aid on the Portal indicates only the amount of eligibility. It is no guarantee of funds. The parent borrower will undergo a credit check and final approval rests with the lender.

Institutional Scholarships include merit-based scholarships and gap funding. Institutional scholarships and discounts require a completed FAFSA, full-time enrollment and satisfactory academic progress.

• There are several opportunities for you to obtain scholarships. Take a look at some of the resources below:

  United Negro College Fund

  College Foundation of North Carolina*

  Foundation of The Carolinas*

  The SmartStudent Guide to Financial Aid

  Fastweb.com

  FastWeb

  Scholarships 4 School

  NOTE: Items listed with an asterisk (*) are restricted to residents of North Carolina.

• DECLARING A MAJOR

  As of March 25th, 2013, all students will have to declare a degree in order to receive Federal Title IV funds.

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  LIVINGSTONE COLLEGE EMAIL ADDRESSES

  The Financial Aid Office will be sending all correspondence to all students Livingstone College email address. PLEASE CHECK YOUR EMAIL REGULARLY FOR IMPORTANT INFORMATION.

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  IRS DATA RETRIEVAL TOOL

  When you complete your 2019-2020 Free Application for Federal Student Aid (FAFSA) be sure to use the new IRS data retrieval tool. The IRS Data Retrieval Tool allows you to use your completed tax return to automatically complete portions of the FAFSA. It’s easy, it reduces errors and makes the entire application process easier.

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  MAXIMUM LIFETIME PELL ELIGIBILITY

  As of July 1, 2012, all Pell grant recipients are subject to a lifetime maximum of 12 semesters or its equivalent. The new regulation is based on 12 semesters or 6 years. For example, a student who attends full-time for a full year would have received 2 semesters or 1 year of his overall Pell eligibility. The calculation of the duration of a student’s eligibility will include all years and terms the student received the Federal Pell Grant.