Financial Aid
Frequently Asked Questions
Business Office
How much does it cost to attend Lewis University?
For 2008-09 academic year:
Undergraduate Tuition (12-18 hours per semester)
•
$21,990/per year
Undergraduate Tuition (less than 12 hours/more than 18 hours)
•
$705.00/credit hour
Graduate Tuition (MA Program)
• $535.00/credit hour
to
$710.00/credit hour
Graduate Tuition (MBA/MS Programs)
•
$720.00/credit hour
Adult Degree Completion (Accelerated)
•
$565.00/credit hour
ESL (English as a Second Language)
•
$315.00/credit hour
Please Note - for specific questions regarding tuition costs and fees please
contact the Business Office at (815) 836-5210 or visit the Business
Office website.
For housing costs please contact Student
Services at (815) 836-5275.
How much does it cost to live on-campus?
On-campus costs vary depending on room and meal plan options for
more specific information please contact student services at (815)
836-5275 or visit the Student Services website.
2008-09 on-campus rates:
-
Housing costs: $2,425.00 -- $3,250.00 per
semester
-
Meal plan costs: $975.00 -- $1,575.00 per semester
I received my award letter but it was not enough
to cover my tuition/expenses – what
are my options?
Payment Plan – Please visit the Business
Office website regarding Payment
Plan options
, or contact the Business
Office
at (815) 836-5210.
Parent PLUS loan – This is a non-need based loan program for parents
of dependent undergraduate students who do not qualify for other programs.
The parent(s) may borrow up to the amount of the student's cost of attending
Lewis University. Repayment begins 60 days after the second disbursement
is made. Interest rates vary, and will cap at 10%. Parents can obtain a PLUS
loan application through the Office of Financial Aid, a local bank, credit
union, or savings and loan institution.
Private/Alternative loan – Alternative loans are not federally sponsored
loans, they are generally more expensive than federal government loans and
should only be considered after all other options have been exhausted. Private/Alternative
loans do not require a FAFSA to be completed, however, they are determined
on credit history, may require a co-signer, and have no cap on interest rates.
I have a credit balance on my account, how do I receive this
refund?
Students may request a Credit
Balance Refund
, through the Business
Office, when there is a
credit balance on their account. Credits will be applied to any outstanding
accounts with the University before a refund is issued. Refund requests will
be processed within 14 working days upon account credit balance.
I would like to set up a payment plan – how would I
do that?
Payment
Plans are set up through the Business Office. Please visit the Business
Office website regarding Payment
Plan options
, or contact the Business
Officeat
(815) 836-5210.
Why do I have to sign a Billing/Loan Information form?
Per
Federal Regulations, every student who receives federal aid is required to
complete the Billing/Loan
Information form
. The form’s intent is to authorize
or not authorize the University to use a student’s financial aid towards
fees other than tuition,
fees, and room and board, such as - books and supplies, payment fees,
parking fines, etc. This form is also where the student will select
their Stafford student loan lender.
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