Types of Financial Aid
There are a number of ways to help finance your education, including scholarships, grants, work-study opportunities and loans. We are dedicated to supporting the higher education goals of all who dare to dream. That is why Le Moyne College provides awards to 100% of undergraduate students, in order to help make us an affordable option so you can achieve your goals.
To be considered for all types of aid at Le Moyne (including all state, federal, and institutional grants) be sure to submit the FAFSA using Le Moyne’s code, 002748.
Start exploring your options below – and remember we’re always here to help answer your questions.
Explore Options
The College awards numerous merit-based and program- or major-based endowed scholarships, as well as athletic scholarships. Scholarships and grants do not need to be paid back. They are offered by Le Moyne College, the federal government, state government and private organizations.
Eligibility for this federally subsidized work program is determined by your FAFSA. Federal work-study jobs are available in many areas across campus, including the library, IT, athletics, science laboratories and more. Students typically average 8 hours per week and are paid on a biweekly basis. Income raised from work-study jobs are paid directly to the student, and as such cannot be deducted from the bill sent by the Bursar’s Office. Students who have been awarded work-study in their financial aid package will be contacted during the summer for potential employment and will receive priority during the hiring process. Students not awarded federal work-study opportunities should contact the Office of Financial Aid for a campus job application. There is no guarantee of employment as placement will depend on the number of jobs available each academic year.
We recommend you apply for all other types of aid before pursuing a loan. That said, federal student loans are the best available, as they offer the lowest interest rates and the most flexible repayment options.
Federal Direct Subsidized Student Loans
Federal Direct Student Unsubsidized Loans
Exit Counseling:
If you have borrowed a subsidized, unsubsidized, or PLUS loan under the Direct Loan Program, you are required to complete exit counseling when you graduate, withdraw, or drop below part-time.
Exit counseling provides important information you will need as you prepare to repay your federal student loan(s). You will learn how to understand and repay your loans, how to avoid default, and how to make your finances a priority.
Graduating students will be notified by email of the time, date, and location of exit counseling sessions offered prior to your graduation date. If you do not attend an exit counseling session and do not complete exit counseling prior to graduation, the Financial Aid Office will mail exit counseling information to your address on record. Students who withdraw or drop below part-time without notifying the Financial Aid Office directly, will be sent exit counseling information to their address on record within 30 days of the change in enrollment status. Students are responsible for updating any change of address with the Registrar’s Office.
To complete Exit Counseling, go to studentloans.gov, you should expect it to take you about 30 minutes.
If you still need help financing your education, there are private alternative loans you can pursue, but these should only be pursued once you’ve exhausted all possible federal, state and institutional resources. Private loans differ in interest and repayment options, so be sure to research and compare private loan options before making any final decisions. FastChoice is a reputable resource for searching for private lending options.
