Demonstrate financial need for need-based federal student funding programs;
• Be a U.S. citizen or an eligible noncitizen;
• Have a valid Social Security number (with the exception of students from the Republic of the Marshall Islands, Federated States of Micronesia, or the Republic of Palau);
• Be enrolled or accepted for enrollment as a regular student in an eligible degree or certificate program;
• Be enrolled at least half-time to be eligible for Direct Loan Program funds;
• Maintain satisfactory academic progress in college or career school;
• Sign the certification statement on the Free Application for Federal Student Aid (FAFSA®) form stating that you’re not in default on a federal student loan, you do not owe money on a federal student grant, and you’ll only use federal student aid for educational purposes;
• Show you’re qualified to obtain a college or career school education.
In addition to meeting the criteria above, Laurus College also requires:
Having a high school diploma or a state-recognized equivalent such as a General Educational Development (GED) certificate;
• Completing a high school education in a homeschool setting approved under state law (or—if state law does not require a homeschooled student to obtain a completion credential—completing a high school education in a homeschool setting that qualifies as an exemption from compulsory attendance requirements under state law); or
• For more information regarding student funding eligibility and requirements please visit:
https://studentaid.gov/understand-aid/eligibility/requirements
• Once a student graduates, or leaves school, direct loans will enter repayment after a six-month grace period. Plus loans will enter repayment once the loan is fully disbursed. Pell, FSEOG, and Federal Work Study grants do not require repayment.
• Interested students should contact a Financial Aid Advisor at Laurus College for assistance with the application process for these aid programs.
Visit the
Free Application for Federal Student Aid (FAFSA) website for more information (Laurus School Code: 041414).
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