The Federal Direct Subsidized Stafford Loan is awarded on the basis of a student’s financial need and other specific eligibility requirements. The federal government does not charge interest on these loans while borrowers are enrolled in school at least half-time, during a six-month grace period, or during authorized periods of deferment. Payments are not required while borrowers are enrolled in school at least half-time, during a six-month grace period, or during authorized periods of deferment. This loan is subject to an origination fee that is set by the U.S. Department of Education. 

This federal loan features a subsidized need based component. The government does not charge interest on the subsidized component during qualifying in-school, grace and deferment periods. The interest rate is fixed for loans borrowed each academic year based on a 10 year Treasury Note rate plus an add-on percentage (add on percentages are 2.05% for undergraduate, 3.6% for graduate/professional).

Origination Fees:

The federal government retains origination fees form direct loans, reducing the net disbursements.  The standard origination fee for Federal Direct Stafford loans is 1%. Federal budget sequester has resulted in fractional  increases to these fees.

The Federal Direct Unsubsidized Stafford Loan is not based on a student’s financial need, but students must also meet specific eligibility requirements. Interest is charged throughout the life of the loan. You will be charged interest from the time the loan is disbursed until it is repaid in full, including in-school, six-month grace, and deferment periods. Payments are not required while borrowers are enrolled in school at least half-time, during a six-month grace period, or during authorized periods of deferment. This loan is subject to an origination fee that is set by the U.S. Department of Education.  

This federal loan features an unsubsidized non-need based component. The interest rate is fixed for loans borrowed each academic year based on a 10 year Treasury Note rate plus an add-on percentage (add on percentages are 2.05% for undergraduate, 3.6% for graduate/professional).

Origination Fees:

The federal government retains origination fees form direct loans, reducing the net disbursements.  The standard origination fee for Federal Direct Stafford loans is 1%. Federal budget sequester has resulted in fractional  increases to these fees.

The Federal Direct Parent PLUS Loan for an undergraduate student is not based on financial need and is limited to a parent borrower for a dependent student. A parent is currently defined as a person’s natural or adoptive mother or father, step-parent, or legal guardian. The annual limit is equal to the student’s cost of attendance, as defined by Southeastern, minus any other financial aid the student is receiving. Parents are required to pass a credit check and meet and meet eligibility requirements.Students must have a completed FAFSA on file for the current aid year, and parents complete a separate application for this loan which is found at studentaid.gov.  

Through the Federal Direct PLUS program, graduate level students and the parents of undergraduate dependent students can borrow additional funds for educational expenses. The interest rate is fixed for loans borrowed each academic year based on a 10 year Treasury Note rate plus 4.6%. Total funding including PLUS must not exceed the student budget established by the school.

The Federal Direct Graduate PLUS Loan requires Credit Counseling.

1. Log in to studentaid.gov using the parent FSA ID
2. Under the “Loans and Grants” drop down menu at the top of the page, click “PLUS Credit Counseling” on the left side and then click “START”
3. On the next page, click “START” under “Parent of an eligible dependent undergraduate student(s)”
4. Complete, sign, and submit the Credit Counseling Session.

Confirmation from the U.S. Department of Education is sent to the Office of Financial Aid & Scholarships within 3-5 business days once your parent has completed the requirement. Provided all other remaining steps are completed, the funding will be eligible for disbursement on the appropriate date.

Origination Fees:

The federal government retains origination fees form direct loans, reducing the net disbursements. The standard origination fee for PLUS loans is 4%.  Federal budget sequester has resulted in fractional  increases to these fees.

The Federal Direct Graduate PLUS Loan for a graduate student is not based on financial need and is limited to a graduate/professional student. The annual limit is equal to the student’s cost of attendance, as defined by Southeastern, minus any other financial aid the student is receiving.Students are required to pass a credit check and meet eligibility requirements. Students apply for this loan through the FAFSA, as well as an additional application found at studentaid.gov. 

Through the Federal Direct PLUS program, graduate level students and the parents of undergraduate dependent students can borrow additional funds for educational expenses. The interest rate is fixed for loans borrowed each academic year based on a 10 year Treasury Note rate plus 4.6%. Total funding including PLUS must not exceed the student budget established by the school.

The Federal Direct Graduate PLUS Loan requires Credit Counseling.

1. Log in to studentaid.gov using your FSA ID
2. Under the “Loans and Grants” drop down menu at the top of the page, click “PLUS Credit Counseling” on the left side and then click “START”
3. On the next page, click “START” under “Graduate/Professional Student”
4. Complete, sign, and submit the Credit Counseling Session.

Confirmation from the U.S. Department of Education is sent to the Office of Financial Aid & Scholarships within 3-5 business days once you have completed the requirement. Provided all other remaining steps are completed, the funding will be eligible for disbursement on the appropriate date.

Dental students demonstrating financial need after assessment of both student and parent resources may receive funding through this program. These loans are also interest free during qualifying in-school, grace and deferment periods, and 5% interest rate during repayment.

Federal Pell Grants are awarded to eligible undergraduate students who have not earned a bachelor’s degree and who possess financial need as determined by completion of the Free Application for Federal Student Aid (FAFSA). All students meeting eligibility requirements are offered the Federal Pell Grant.

Eligibility:

• Must have a qualifying Student Aid Index (SAI) as determined by the FAFSA.
• Students are limited to receive the equivalent of twelve semesters in Pell grant. Review more information regarding Pell Lifetime Eligibility. (LEU)
• Award eligibility varies based on enrollment status

Award Range:
The maximum award is $7,395 for the 2025-2026 award year. Award amounts are determined by the Federal Pell Grant Schedule which accounts for SAI and enrollment status. 

The Federal Supplemental Educational Opportunity Grant (FSEOG) is available to undergraduate Federal Pell Grant recipients with high financial need. Availability is based on annual federal allocations. This fund does not require a separate application. It is awarded through the standard process based on the FAFSA. LSUHSC generally uses limited available SEOG funds for Summer Term awards.

Eligibility:

• Students must be a Pell Grant recipient.
• High need students working on their first undergraduate degree.

Award Range:

$500 – $1000 for the 25-26 award year. Award amount based on enrolled hours and availability of funds. 

Louisiana Go Grant is a state aid program designed to supplement grant assistance for Louisiana resident Federal Pell Grant recipients.

Eligibility:

Only Louisiana residents, and in some cases students who may not be Louisiana residents but whose non-custodial parents are Louisiana residents, are eligible for consideration.  Go Grant is available only during semesters in which recipients are enrolled at least half time and concurrently receiving Federal Pell Grant funding.  Students 25 and older by the first calendar year of the award year receive priority consideration.  Due to limited funding some eligible students may not be funded.

Award Range:

State regulations limit Go Grant funding to $1500 per semester, $3000 per academic year.  LSUHSC New Orleans awards funding based on the maximum level for recipients assessed the maximum Tuition for the semester, and half of the maximum level for students assessed less than the maximum Tuition for the semester (due to reduced course load).  Students taking less than six hours in a semester are ineligible for Go Grant funding for the semester.

Selected candidates receive the lesser of the amounts discussed above or an amount that brings total grant funding up to calculated financial need for the semester at the time the candidate is selected for funding.  Students already receiving  calculated financial need form other gift assistance (at the time of Go Grant award) do not receive Go Grant funding.

Award Procedure:

LSUHSC New Orleans selects Go Grant Recipients on a semester by semester basis shortly after the 14th class day of each semester.  If available funding is insufficient to fund all eligible candidates for the semester, candidates are funded in Free Application for Federal Student Aid (FAFSA) process date order, with students meeting the age priority criteria discussed above receiving some additional priority consideration.  New and continuing students as well as first time and prior Go Grant recipients are considered on an equal basis.  Due to limited available funding, some students receiving Go Grants in the Fall semester may not be funded in the Spring semester.

Summer Term is a trailer (last Term of the academic year) for financial aid purposes for all LSUHSC New Orleans undergraduate students and programs.

For more information regarding Louisiana Go Grant please visit their website. 

This is a need based grant program meeting a State legislative mandate to set aside a portion of funds from tuition increases to alleviate the impact of those increases for needy students.

Eligibility:

Funds are awarded to Louisiana residents with assessed full-time tuition and demonstrating significant financial need; this is defined as an official Student Aid Index (SAI) within the Federal Pell-Eligible range. Due to limited available funds, the school may consider funding only applicants with Zero SAI and no other significant gift assistance. Awards are made on a first come first served basis.

Award Range:

Award amounts vary. 

Award Procedure:

Posted Hardship Waiver awards will be cancelled in the event the award recipient fails to register at a credit hour level requiring full tuition payment, and may be cancelled in the event the recipient receives other scholarship/grant support.

LSUHSC schools award scholarships and grants funded through institutional sources, the LSUHSC Foundation, and generous donations. These scholarships are available based on the submission of a general application to the LSUHSC Foundation.

For the LSUHSC Academic Works Portal, click here.

Considerations Before Accepting a Private Loans: