Limestone College

Traditional Day Students

 Estimated Budget for Cost of Attendance 2012-2013
Day Program (From 24-34 Semester Hours Per Year)

Beginning July 1, 2012

Part Time Tuition for all day students = $875 per semester hour

Federal Stafford Loans Rights and Responsibilities

You must use the loan money only for authorized educational expenses.

You are entitled to a copy of your promissory note before or at the time the loan is made. The Direct Loan Program must provide you with a disclosure before your loan is made, and when your loan must be repaid, that includes details about your loan.

You must notify Direct Loans any time you drop to less than half-time enrollment or change schools. Also, notify Direct Loans if you change your name, address, phone number, social security number, references, driver’s license number; and, before you leave school, your permanent address, the name and address of your expected employer, and the address of your next of kin.

You must repay your loan, plus interest, even if you do not complete the program, you are unable to obtain employment after you complete it, or you are dissatisfied with or do not receive the educational or other services you purchased from the school. You can prepay your loan at any time without penalty.

Direct Loans may use a servicer to manage your account and must notify you of the name, address and telephone number of the new servicer.

You have a right to defer repayment of your loan in certain circumstances, for instance if you are in school, unemployed or experiencing an economic hardship. Contact your lender for eligibility requirements.

Master Promissory Note

If you signed a Master Promissory Note (MPN), you may receive multiple loans for a maximum 10-year period using the same promissory note. Your school will notify you of the amount of loan you are eligible to receive for each academic period, and whether the loan is subsidized or unsubsidized. You must notify Direct Loans if you do not want to receive additional loans under the MPN.

Graduate Program

Limestone College is committed to helping our graduate students find ways to finance their education. Graduate students are eligible to receive Unsubsidized Stafford Loans and can also apply for the Grad Plus Loan. In order for us to consider you for these funds and to determine eligibility, please complete the Free Application for Federal Student Aid (FAFSA) no later than May 1^st of each year. The FAFSA can be completed at www.fafsa.ed.gov . Be sure to indicate on the FAFSA that you are seeking a Master's Degree. Students can apply for the Grad Plus Loan online at www.studentloans.gov . You will need your 4 digit FAFSA PIN to log in.

Graduate students can also apply for private education loans to help with the costs of the program. We have compiled a list of preferred lenders which can be accessed via the Financial Aid Webpage under the "Quick Links" tab. From there, select the "Preferred Lenders" tab and follow the prompts.

Graduate students are not eligible for institutional scholarships, or for federal or state grants.