Financial Aid Data Form 2025-2026

Applying for Financial Aid

Follow the steps below to apply for financial aid at Our Lady of the Lake University.

Step One:

Create a Federal Student Aid ID (FSA ID) at:
studentaid.gov

Note: FSA ID will be used to log in to all U.S. Department of Education websites.

Step Two:

Complete your 2025-2026 Free Application for Federal Student Aid (FAFSA) at:
www.studentaid.gov

• Most students will also need to invite their parent to contribute to their FAFSA
• Be sure to list OLLU’s school code 003598 on the FAFSA so we may access your information

Step Three:

Financial Aid will mail you documents to complete your student file approximately two weeks after we have received your completed FAFSA from the U.S. Department of Education.

Complete and submit all requested documents to the Financial Aid Office. Requested forms can be found at https://www.ollusa.edu/costs-aid/financial-aid-forms-resources.html

Important Note: Please make sure all documents submitted to Financial Aid Office have your legal name and your OLLU student ID or date of birth.

Step Four:

Once your file is complete you will receive an award notification. Please review your award notice and if you have any questions, please contact the Financial Aid Office.

If you choose to accept your Federal Direct Loan award, first-time borrowers at OLLU will need to complete Direct Loan Entrance Counseling and a Master Promissory Note (MPN) at www.studentaid.gov

Please don't fill out this input box.

First Name:*

Middle Name:

Last Name:*

OLLU Student ID #:*

Date of Birth:*

Address:*

City:*

State:*

Zip Code:*

Primary Email:*

Cell Phone:

Are you a United States citizen? *

Yes

If Yes, were you born in the United States?

Yes

Are you a Texas resident?*

Yes

If you are a Texas resident, check all that apply:

I graduated or will graduate from a Texas high school or received my GED certificate in Texas

I have resided in Texas for three years leading up to my high school graduation or receiving my GED

I have resided or will have resided in Texas for the 12 months prior to the census date of the semester in which I will enroll in Our Lady of the Lake University

Indicate the number of hours you plan to enroll each semester:

Fall 2025:

Spring 2026:

Summer 2026

Indicate your expected class status for 2025-2026:

New Incoming Student

Continuing Freshman.

Sophomore.

Junior.

Senior.

Graduate/Professional.

When do you expect to graduate? *

In accordance with Texas Education Code, Section 51.9095, male students must file a Selective Service Statement of Registration Status with their institution or other entity granting financial assistance. For more information about the Selective Service System, visit sss.gov.

Selective Service Statement of Registration Status*

I was born female and not required to register.

I was born male and under the age of 18 and not currently required to register.

I was born male and am REGISTERED with the Selective Service.

I was born male and am over the age of 18. I am not registered with Selective Service and I am not exempt from registration with Selective Service.

I was born male and EXEMPT from registration because:

(please briefly explain why you are exempt in the box below.)

I hereby certify that the Selective Service status statement provided above is true and accurate.

Yes

Student ID #:

Name

Date

Are you a member of a religious order that provides you with support?

Yes

Awarding Philosophy
Awarding Philosophy for Gift Aid Funds: At Our Lady of the Lake University, a student may be eligible to receive gift aid up to the cost of tuition only.

Note: Gift aid funds include scholarships, grants and discounts that are received from federal, state, institutional and private sources.

Deadlines and Timelines
Please complete your financial aid file by May 1, 2025 to ensure that your financial assistance will be processed in time for the start of school. A complete file includes this data form, a processed FAFSA, and all documents required by the Department of Education:

2025-2026 Independent/Dependent Verification Worksheet if selected for verification by the Federal Government
Social Security Card in the event that we are unable to verify your social security number with the Federal Government
Certificate of Naturalization, Birth Certificate or Resident Alien Card in the event that we are unable to verify your citizenship status
Selective Service Registration Verification in the event that we are unable to verify your registration with Selective Service

Additional documents may be required depending on individual circumstances. ALL FORMS MAY BE FOUND AT: www.ollusa.edu/FinancialAidForms

OLLU Financial Aid Priority Deadline: May 1, 2025. Financial aid requests received after May 1, 2025 will be processed in the order received and may result in a delay in the awarding of financial aid. Students who submit financial aid forms after the May 1 deadline, may be required to make payment arrangements with the OLLU Student Business Office to meet financial obligations until the financial aid award is disbursed.

General Rules and Regulations
Summer 2026 aid is additional aid. If you do not exhaust all of the aid for which you are eligible during the 2025-2026 academic year, you may be eligible for summer aid.

Federal aid is awarded based on the information you provide on your Free Application for Federal Student Aid (FAFSA) and the resulting Student Aid Index (SAI) number.

Cost of Attendance Budget (COA) is the maximum amount of aid you may receive for an academic period.

According to federal requirements, regardless of what other departments on campus may indicate, financial aid defines enrollment status as:

UNDERGRADUATE Less than half time — 5 or less credit hours attempted

GRADUATE Half time — 3 credit hours attempted

UNDERGRADUATE Half time — 6 to 8 credit hours attempted

GRADUATE Full time — 6 or more credit hours attempted

UNDERGRADUATE ¾ time — 9 to 11 credit hours attempted

UNDERGRADUATE Full time — 12 or more credit hours attempted

All financial aid recipients should contact the Financial Aid Office before dropping any class. Dropping a class may result in cancellation of grants, scholarships or loans, and you will be responsible to pay these funds back to the program.

First-Time Borrowers must complete a Master Promissory Note (MPN) and loan entrance counseling before their loan proceeds can be disbursed. Please go to www.studentaid.gov/mpn
and www.studentaid.gov/entrance-counseling and sign in with your FSA ID.

To be eligible for Federal Direct Loans, you must be enrolled at least half time per semester. In the event that you drop below half time per semester, you will become ineligible for any of these federal loan programs.

To maintain eligibility for your loan(s), you must maintain satisfactory academic progress as outlined in this data form.

All students applying for a Federal Direct Loan and parents applying for a Federal PLUS Loan, must be U.S. citizens or eligible non-citizens.

Federal loans are subject to disbursement fees. All fees are deducted proportionately from loan proceeds before the money is disbursed.

Loan Amounts

The amount of loan dollars you can receive are to be determined based on your Cost Of Attendance (COA), upon your dependency status as determined by the FAFSA, and whether you are an undergraduate or a graduate student. Please refer to this chart for the maximum yearly loan amount that you may borrow:

UNDERGRADUATE STUDENTS
Dependent Freshman $5,500 ($3,500 subsidized + $2,000 unsubsidized)

Dependent Sophomore $6,500 ($4,500 subsidized + $2,000 unsubsidized)

Dependent Junior/Senior $7,500 ($5,500 subsidized + $2,000 unsubsidized)

Independent Freshman $9,500 ($3,500 subsidized + $6,000 unsubsidized)

Independent Sophomore $10,500 ($4,500 subsidized + $6,000 unsubsidized)

Independent Junior/Senior $12,500 ($5,500 subsidized + $7,000 unsubsidized)

GRADUATE STUDENTS
Graduate or Professional $20,500 unsubsidized Direct Loan
The maximum total Direct Loan amount a dependent undergraduate student can borrow to complete an undergraduate degree program is $31,000.

The maximum total Direct Loan amount an independent undergraduate student can borrow to complete an undergraduate degree program is $57,500.

The maximum total unsubsidized Direct Loan amount a graduate student can borrow to complete a graduate degree program is $138,500.

Undergraduate Students
Dependent Freshman - $5,500 ($3,500 subsidized + $2,000 unsubsidized)
Dependent Sophomore - $6,500 ($4,500 subsidized + $2,000 unsubsidized)
Dependent Junior/Senior - $7,500 ($5,500 subsidized + $2,000 unsubsidized)
Independent Freshman - $9,500 ($3,500 subsidized + $6,000 unsubsidized)
Independent Sophomore - $10,500 ($4,500 subsidized + $6,000 unsubsidized)
Independent Junior/Senior - $12,500 ($5,500 subsidized + $7,000 unsubsidized)

Graduate Students
Graduate or Professional - $20,500 unsubsidized Direct Loan

The maximum total Direct Loan amount a dependent undergraduate student can borrow to complete an undergraduate degree program is $31,000.
The maximum total Direct Loan amount an independent undergraduate student can borrow to complete an undergraduate degree program is $57,500.
The maximum total unsubsidized Direct Loan amount a graduate student can borrow to complete a graduate degree program is $138,500.

Satisfactory Academic Progress

To remain eligible for all Title IV financial aid programs, you must main-tain satisfactory academic progress, defined for undergraduate students as passing 75 percent of your attempted credit hours per semester or session and achieving a minimum cumulative grade point average of at least a 2.0 during any semester, session or academic year. A graduate or professional student must complete 75 percent of their attempted class-es as well as maintain a cumulative grade point average of at least a 3.0 during any semester, session or academic year. If the above require-ments are met, you may continue to receive Title IV financial aid, as long as you are eligible, until you graduate or until you have attempt-ed 150 percent of the credit hours required to obtain your degree of choice.
Please note that if you are an undergraduate receiving the Tuition Equalization Grant, you must maintain a 2.5 cumulative grade point average to continue receiving this grant.
If you are an undergraduate receiving the OLLU academic scholarship, you must maintain a 2.5 grade point average and full-time status each semester to continue receiving this scholarship.
If you do not meet all of the requirements of the satisfactory academic progress policy, you will be placed on financial aid suspension. You may appeal your financial aid suspension if there are legitimate circumstanc-es that caused you to fail to meet academic progress standards. An appeal form can be completed at www.ollusa.edu/finaid-appeal.
Students pursing private educational loans that must be certified by the OLLU Financial Aid Office will not be approved if the student is not making satisfactory academic progress.
Full details of OLLU’s satisfactory academic progress standards are online at https://www.ollusa.edu/costs-aid/financial-aid-policies/satisfactory-academic-progress.html

Return of Title IV Policy

If you withdraw or otherwise terminate your enrollment during the first 60 percent of the semester or session, and you receive financial assistance from Title IV programs (TEACH, Federal Pell Grant, Federal Supplemental Educational Opportunity Grant, Federal Perkins Loan, Federal Direct Loan and Federal PLUS Loan), your aid will be reduced in direct proportion to the length of time you were enrolled. The percentage of time during the period that you remained enrolled is the percentage of disbursable aid for the semester/session that you have earned. The percentage of the period that you remained enrolled is calculated by dividing the number of days you attended by the number of days in the semester/session. Only calendar days are used. Breaks of at least five concurrent days are excluded from the calculation. OLLU is required by the Dept. of Education to keep a portion of any financial aid received.
Title IV program reimbursement monies will be withheld from any institutional refunds (tuition, room, board, fees, etc.) due to you. If these monies are not sufficient to cover the reimbursement required, you will be billed for the remaining amount. Failure to comply with this federal Return of Title IV Funds Policy will make you ineligible to participate in any Title IV aid program from any post-secondary institution until you become compliant with the Return of Title IV Funds Policy.

The federal government has established the following priority for the distribution of unearned aid: Unsubsidized Direct Loan, Subsidized Direct Loan, Federal Perkins Loan, PLUS Loan, Federal Pell Grant, TEACH and Federal Supplemental Educational Opportunity Grant.
Unofficial Withdrawal/No Passing Grades - Federal regulations require that any student who fails to earn a passing grade in at least one course in the semester shall be considered as having unofficially withdrawn.

At the end of each semester, OLLU is required to review academic transcripts. Students who have received all F’s or No Credit grades, will have their financial aid recalculated and will see their aid reduced or canceled to comply with federal requirements.

Tuition Equalization Grant
If you are an undergraduate you must complete at least 12 credit hours during each of the fall and spring semesters to maintain TEG eligibility. If you are a graduate student you must complete nine credit hours during each of the fall and spring semesters to maintain TEG eligibility. You also must maintain, a cumulative 2.5 grade point average for undergraduate and a cumulative 3.0 grade point average for graduates to maintain eligibility for this grant. Failure to meet these requirements will result in forfeiture of your grant.

If you officially withdraw from all classes, you will have to return grant proceeds according to the University’s refund policy.

Pell Grant Recipients
Public Law 112-74, signed into law on December 23, 2011, reduces the maximum period for which a student may receive Pell Grants to 12 full-time semesters. This includes all semesters that Pell funds were received at other institutions.

Understanding the Verification Process
What is Verification?
Verification is a process by which the Financial Aid Office is required to verify the data that was submitted on a FAFSA application. Students selected must submit documentation to validate the information used to file the FAFSA. Any discrepancies found during the Verification Process will be adjusted on the FAFSA to correspond with documentation. If you are selected for verification, you cannot receive any federal or state aid until verification is completed.

How will I be notified if my FAFSA record has been selected for verification?
You will receive an email from the Department of Education that you have been selected for the verification process and you will be directed to contact the financial aid office at your school. You will also receive an official request for verification documents from the Financial Aid Office at OLLU.

How are FAFSA records chosen for verification?
A FAFSA record is selected for verification for one of two reasons:
• random selection by the Department of Education
• institution finds conflicting information

What documentation will be required in the verification process? Students may be asked to submit one or more of the following documents based on their individual verification tracking group:
• 2025-2026 Dependent Verification Worksheet

• 2025-2026 Independent Verification Worksheet

• 2025-2026 Statement of Educational Purpose & Certification of Identity

Will these be the only documents required for verification?
Additional documents may be required depending on individual circumstances; those may include but are not limited to documentation regarding: federal tax return, amended tax return, W-2, etc.

Is there a deadline for submitting and completing Verification?
There is no specific “deadline” for submitting the Verification documents; however, Verification will need to be completed before a student is awarded.

What if I have questions about this process?
Contact the Financial Aid office via
E-mail at finaid@ollusa.edu or by phone at 210-431-3960.

Important Note:Please make sure all documents submitted to Financial Aid Office have your legal name, OLLU student ID or date of birth.

Verification of High School Completion Status
Effective July 2012 Budget Control Act of 2011

Public Law 112-74: All undergraduate students must submit a final high school official transcript that shows the date the high school diploma was awarded.

Statement of Understanding
I certify the following to be true:

I will use federal or state financial aid only to pay costs associated with my attendance at Our Lady of the Lake University (OLLU) in the 2025-2026 academic year.
I understand that purposely providing false or misleading information to obtain student financial aid is a federal offense punishable by fines and imprisonment.
I understand that the U.S. Secretary of Education has the authority to verify information used to apply for federal student aid with the Internal Revenue Service and other federal agencies.
I understand that OLLU has the authority to request documentation required to verify the accuracy of my financial aid application.
If I sign any document related to the federal student aid programs electronically using a FSA ID I certify that I am the person identified by the FSA ID and I have not disclosed that FSA ID to anyone else.
I am not in default of a federal student loan or I have made satisfactory arrangements to repay it.
I will notify OLLU if I default on a federal student loan.
I do not owe money back on a federal student grant or I have made satisfactory arrangements to repay it.
I will not receive Federal Pell Grant from more than one school for the same period of time.
I understand that to remain eligible to receive financial aid I must maintain Satisfactory Academic Progress toward the completion of my academic program, the requirements for which are published in the financial aid data form.
I understand that withdrawing, dropping or not attending my classes may lead to the reduction or cancellation of financial aid and that it is my responsibility to consult with the OLLU Financial Aid Office prior to changing my course load.
I understand that OLLU and the U.S. Department of Education will pursue collection efforts for cancelled or reduced aid that I received and to which I am not entitled.

Financial Aid Policies
Family Education Rights and Privacy Act (FERPA)
To protect your privacy, all records and conversations between the student and the Financial Aid Office are confidential. No public announcement shall be made of need-based amounts awarded to students. No information concerning the students’ financial aid records will be released to anyone outside of the Financial Aid Office without the students’ permission in accordance with FERPA. If the student wants information released, a letter of consent must be submitted.

All Awards Are Subject to Change
The most common reasons for adjusting aid include insufficient enrollment, change in residency status, and receipt of aid from other sources (tuition discounts, outside scholarships, VA benefits, etc.). Awards may also be reduced or cancelled due to changes or inaccuracies in any of the information provided, failure to maintain degree-seeking status, make Satisfactory Academic Progress, or comply with other federal, state and institutional guidelines.

The Financial Aid Office reserves the right to replace all gift aid (grants and/or scholarships) awarded by OLLU with other gift aid sources in the same amounts in order to maximize limited resources. Please note that if gift aid is replaced, the total amount of gift aid awarded will not be reduced.

Reduced Tuition Programs
Students enrolled in Reduced Tuition Rate Programs will only be considered for the PELL Grant (if qualified) and student loans.

Students Enrolled in Seven or Eight Week Terms
If the student completely withdraws from a seven or eight-week term, financial aid awarded may be reduced or cancelled. As a result, the student may have a balance due to Our Lady of the Lake University even though funds may have been disbursed prior to withdrawal.

Graduate students using VA benefits must take at least 6 hours per 7 week session to receive the full-time Basic Housing Allowance from the VA.

Our Lady of the Lake University reserves the right to discontinue any tuition discount for any program(s).

Unusual Enrollment History
What does this mean?
Our Lady of the Lake University must review the student’s enrollment history and determine whether or not the student is enrolling only long enough to receive cash refunds of federal student aid. OLLU is required to review the National Student Loan Data System (NSLDS) to verify the names of all schools attended during the prior four academic years. This information will be compared to the post-secondary academic transcripts submitted to OLLU. If all academic transcripts have not been submitted, eligibility for financial aid cannot be determined.

How to resolve?
Students with this requirement should ensure that all post-secondary academic transcripts have been submitted to Our Lady of the Lake University. If Federal Pell Grants were received and credit hours (passing grades: A – D) were not earned at each institution attended during these award years, the student may be determined ineligible for further federal financial aid.

Appealing the ineligibility determination
Students who have been notified that they are ineligible for aid because they have failed to earn academic credit at an institution during the period of enrollment under review may submit an Unusual Enrollment Petition to document unusual circumstances that resulted in the failure to gain academic credit.

Regaining Federal student aid eligibility
Students whose aid eligibility is denied as a result of their Unusual Enrollment History can be re-considered for federal student aid after the completion of the unusual enrollment academic requirements:

Enrolling for three consecutive academic terms of enrollment only in courses that are required by their program, AND
Maintaining GPA of at least 2.5 for each of these academic terms, AND
Not withdrawing (officially or unofficially) from any courses after the term begins, AND
Meeting all other eligibility requirements for federal aid

Certification
I certify that I have read and understand the policies presented in this Financial Aid Data Form. I understand that my financial aid award may change if any additional information is received after I receive my award letter.

Certify by typing your full name in the box:*

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