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Lake Superior State University

Financial Aid

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Overview

Financial Aid Mission Statement

The mission of the Financial Aid Office is to provide accurate and timely financial aid information to students to meet their educational expenses.

Our goal is to offer all students a balanced financial aid package that is competitive and attractive, and best utilizes the resources available.

We strive to assist and educate our students by providing the best service possible so that they can focus on their educational experience.

Financial Aid Office

The LSSU Financial Aid Office staff is available to assist students with the financial aid process. Our experienced staff is available during office hours to respond to financial aid questions and requests. We can meet virtually, via phone or in the office.  Financial Aid staff can be contacted via email - finaid@lssu.edu, phone - (906)635-2678, or text - (906)379-9557. The Financial Aid Office is located in the Fletcher Center for Student Services.

Financial Aid Offer

Financial aid is any money used for students' educational expenses and includes grants, scholarships, loans and student employment.  An offer of financial aid in the form of a university scholarship is made when a qualified student is initially admitted to LSSU.  Other offers of aid follow the admission and receipt of federal applications or athletic tenders.  LSSU participates in federal, state and province aid programs and provides a generous institutional scholarship and grant program. An “Official Offer of Award” letter from the Financial Aid Office is sent after all documents needed to complete a student award are received and reviewed.

Applying for Federal Financial Aid

To apply for most all forms of aid, students must complete the FAFSA.  This application must be renewed each year for a student to continue receiving financial aid.  For State of Michigan programs, the priority deadline is March 1st.  Lake Superior State University's federal school code for the FAFSA is 002293.

Scholarship Selection

Students are automatically considered for Board of Trustees Scholarships upon admitting into the institution. For these admission based scholarships, amount is determined by high school or transfer GPA. See below for the scholarship renewable requirements.

Satisfactory Academic Progress (SAP) Requirements for the Retention of Financial Aid at Lake Superior State University

If you are receiving any form of financial aid, you must meet these satisfactory academic progress requirements to retain your aid each semester.

Financial aid regulations require that a student must make satisfactory progress to remain eligible for financial aid. Financial aid programs affected by this policy include Federal Pell Grant, Federal Work-Study, Federal Supplemental Educational Opportunity Grant, Federal Direct Loans, Federal PLUS Loans, State of Michigan and Institutional Scholarships, Grants, Loan and Work Programs, and some Rebates and Tuition Waivers.

The minimum requirements for all types of financial aid include three standard measures:

Minimum GPA Standard:

  • Maintain a 2.0 cumulative LSSU grade point average
  • Students who fail to meet this requirement will be placed on financial aid warning for one semester. Failure to meet this requirement after the warning semester will result in suspended status, which the student will lose all federal, state, and institutional eligibility.

Credits Earned Standard:

  • Earn 67% of credits attempted at LSSU throughout your academic career
  • Attempted credits are courses you are enrolled in after the end of the add/drop period, which is after the first 6 days of the start of the semester.
  • Example: 48 earned credits / 56 attempted credits = 85% of credits earned
  • Students who fail to meet this requirement will be placed on financial aid warning for one semester. Failure to meet this requirement after the warning semester will result in suspended status, which the student will lose all federal, state, and institutional eligibility.

Maximum Time Frame:

  • Complete the highest degree being sought within 150% of the published length of the program. For example, students working on a baccalaureate program of 124 credits may receive aid for 186 attempted credits, including transfer credits.
Degree Average Credits Needed Maximum Time Frame
Paramedic Certificate 40 Within 60 attempted credits
LPN Certificate 47 Within 70 attempted credits
Pre-Nursing BSN 56 Within 84 attempted credits
Associate 62 Within 93 attempted credits
Bachelor 124 Within 186 attempted credits
Teaching Certificate 136 Within 204 attempted credits
Master's 36 Within 54 attempted credits


One WARNING SEMESTER

If a student does not meet the Financial Aid Satisfactory Academic Progress (SAP) at the end of each semester, the student will be given one warning semester. Students may receive aid during the warning semester. If a student fails to meet the standard for the second consecutive semester enrolled, the financial aid will be suspended. During the WARNING SEMESTER, it is highly recommended that students plan ahead and work with an advisor to correct deficiencies.

Financial Aid Suspension

No aid will be granted once a student’s eligibility is suspended, including but not limited to federal, state and institutional aid.

Right to Appeal

A student whose aid is suspended may request reinstatement through the Financial Aid Appeals Committee.  The student must effectively demonstrate that the failure to meet satisfactry Academic Progress (SAP) was due to an unusual or extenuating circumstance, and explain what has changed.  The directions and required forms for the appeal process are available online.

Financial Aid Self-Reinstatement

Once financial aid is suspended, both the cumulative GPA and credit hour completion standards must be met in subsequent semesters of at least six credits before reinstatement of aid is possible. Students who successfully complete a minimum of six credits at LSSU while not receiving financial aid must contact the Financial Aid Office to request a review for reinstatement.

If completion of “I” grades or other record changes warrant a reinstatement, a copy of the transcript must be submitted to the Financial Aid Office with a written request for a review.

Repeat Policy for Financial Aid Recipients

Students may use financial aid to repeat coursework that has been previously failed. Students may also use financial aid one time when repeating coursework to improve an earned letter grade of D- or higher.

For example, a student taking a course for the first time who received an F grade could have financial aid to repeat the course. If the student received a D grade for the repeated course, the student could have financial aid one more time to repeat the course to raise the grade. Students advised to retake passed courses more than once to improve their GPA may do so at their own expense, provided the repeats are allowed by the department.

NOTE: Satisfactory Academic Progress Policy is in compliance with the Department of Education Final Regulations published Oct. 29, 2010 - 34CFR 668.16(e), 668.32(f) & 668.34.

LSSU Scholarship Renewal Requirements

If your scholarship was offered to you as a “renewable” award, it is important that you have met the criteria listed below each spring when your eligibility is reviewed for the next year.

  • Board of Trustees Freshman merit scholarship:  2.75 LSSU cumulative GPA
  • Full-Tuition Scholarships: 3.00 LSSU cumulative GPA
  • Full-time enrollment each semester; must earn 24 LSSU credits each academic year.
  • Awarded up to 8 consecutive semesters or until 1st Bachelors Degree is earned, whichever is first.
    Students in their teaching internship semester may be eligible to receive a 9th semester renewal.
  • Awarded for Fall and Spring semesters only, not available for use in summer semesters.
  • To receive the on-campus component of any scholarship, you must be in the on-campus housing program for the semester. If you leave on-campus housing, the room and board award will be terminated.

    NOTE: Scholarships and other institutional funds provided as grants or scholarships or stipends for campus R&B students, will not exceed the basic rate cost of housing and board.  This includes RA Grant, LSSU Supplemental Grant, the LSSU Housing Grant and all room and board components of Board of Trustees scholarships.

  • Students at LSSU Regional Centers and meet consortium agreement requirements, if enrolled at least half-time (6+ credits) at LSSU, may use a semester of eligibility at a prorated amount.
  • Must meet Satisfactory Academic Progress policy requirements.

Transfer Scholarships

Formula to determine the maximum number of semesters of eligibility:

  • Senior (88+ credits) = Two semesters of eligibility
  • Junior (56-87 credits) = Four semesters of eligibility
  • Freshman/Sophomore (12-55 credits) = Six semesters of eligibility

Length is based on number of ATTEMPTED credits prior to LSSU

NOTE: Some types of financial aid awards, such as an employee rebate, the Native American Tuition Waiver, or the Tuition Incentive Program, could affect your eligibility for an LSSU scholarship. Please contact the Financial Aid Office for further details.

Frequently Asked Questions

  • Full tuition scholarships are limited to 12-16 credits per semester for the academic year and do not include any type of fee.

  • Full tuition scholarships can not be combined with tuition waivers, such as Michigan Indian Tuition Waiver or Employee Rebates.

  • Recipients of foundation scholarships are encouraged to write a thank you letter to the donor. 

New Scholarships for Current Students

Renewable scholarships are based on your grade level and number of credits transferred or earned at the time of your award.  For example, if you are offered a renewable scholarship as a sophomore, you will generally be eligible for two additional years of scholarship.  If an ending date is not stated in your offer of scholarship, please contact the Financial Aid Office if you have questions about the renewal features of your award.  Except for students in their fifth year of the teaching program, scholarships are generally not available to students with more than four years of higher education or eight semesters of study or more than 124 attempted credits.





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