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Financial Aid FAQs

The Next Steps


  • Contact our Student Financial Services Office at 516-299-2553 or liu-sfs@liu.edu to review your financial aid and payment plan as well as to confirm that you are in good financial standing by Aug. 1 (fall semester) and Dec. 1 (spring semester).
  • Activate your MyLIU account at my.liu.edu and provide access to any authorized users (such as a parent). Use this account to accept all LIU scholarships, grants, federal work opportunities, and federal loan assistance as well as to check on matters that require your attention.
  • Secure your seat at LIU if you are a new incoming student by May 1 or within two weeks of your acceptance by submitting a $200 tuition deposit (plus $300 housing deposit if you plan to live in a campus residence hall).
  • If living on campus, complete the Housing and Meal Plan Application.
  • Schedule an appointment with your LIU Promise Success Coach (first-year students) or academic advisor (transfer and graduate students) to register for classes.
  • Attend New Student Orientation.
  • Start classes!
Let us help you get started!
Call LIU’s Student Financial Services Office at 516-299-2553 today!


Financing Your LIU Education FAQ


Can I speak with someone about my award package and individual circumstances?

Yes! If you have a unique situation and prefer to discuss the specifics of your financial aid award in person, the LIU Student Financial Services Office is available to assist. They may be reached at 516-299-2553, liu-sfs@liu.edu, or liu.edu/sfs.


What is the difference between a grant and a scholarship?

Grants are usually awarded based on economic need while scholarships are awarded based on merit. Neither grants nor scholarships are required to be paid back. You must accept offered grants or scholarships through your MyLIU account (my.liu.edu) by May 1 or within two weeks of receipt of your aid package (whichever is later).


I received an academic scholarship from LIU upon admission. Are there stipulations I must meet to be eligible for my scholarship?

All LIU undergraduate and graduate scholarships require full-time enrollment every semester—12 credits or more for undergraduate students and nine credits or more for graduate students. In addition, you must satisfy cumulative GPA requirements in order for scholarships to be renewed.


Can I use my departmental award (honors, dance, music, art, media arts, athletics, etc.) across different campuses?

No, departmental awards are specific to the individual campus or program that offered the award.


What is TAP and how do I apply?

TAP (Tuition Assistance Program) is a need-based grant program administered by the New York State Higher Education Services Corporation. To be eligible for a TAP award, you must fulfill specific income and New York State residency requirements and complete your online TAP application by linking to it directly from your FAFSA confirmation page at hesc.ny.gov. Use LIU code 0403.


What is the Federal College Work Study Program and how do I secure a job?

The Federal College Work Study Program provides part-time employment to assist you in paying for educational expenses. Eligibility is determined by the FAFSA need calculation. It is offered to those who demonstrate economic need and meet the LIU priority FAFSA deadline date of Feb. 15. If you are offered this program, you must accept it through your MyLIU account (my.liu.edu) and work with LIU’s Career Placement Office to secure a job. Once employed, you will receive a paycheck every two weeks. Funds earned through the Federal College Work Study Program are not calculated against student income on the following year’s FAFSA application.


How do I apply for the Federal Direct Loan?

To apply for the Federal Direct Loan as a first-time borrower, you must first accept this loan through your MyLIU account (my.liu.edu). Upon accepting the Federal Direct Loan, a Master Promissory Note and an online entrance counseling session must be completed at studentloans.gov.


How do I apply for the Federal Direct PLUS or Federal Direct Graduate PLUS Loan?

To apply for the Federal Direct PLUS Loan or Federal Direct Graduate PLUS Loan, you must first complete the corresponding request form for new or continuing student borrowers found at liu.edu/sfs/finaid/forms and submit it to the Student Financial Services Office. Upon submission of the Federal PLUS Request Form, a Master Promissory Note and credit check must be completed at studentloans.gov. Upon submission of the Federal Direct Graduate PLUS Loan, a Master Promissory Note, online Entrance Counseling session, and credit check must be completed at studentloans.gov.


If my parents do not qualify for the PLUS loan due to their credit history, do I have other options?

Yes. For undergraduate students, if your parents are unable to borrow under the PLUS program, you are eligible to borrow an additional $4,000 to $5,000 in an unsubsidized direct loan.


How do I apply for the Federal Perkins Loan?

The low-interest Federal Perkins Loan is available if you demonstrate great economic need. The interest rate is fixed at 5 percent, and the grace period before repayment begins is nine months. The Perkins loan annual limit is up to $5,500 for undergraduate students. However, amounts may be limited based on the school’s allocation. You repay the loan to the school after graduation. You must accept this loan through your MyLIU account (my.liu.edu) and complete the electronic Perkins Master Promissory Note and Entrance Interview found at webapps.liu.edu/esignature.


Why does my financial aid package total more than the cost of tuition and fees?

The federal government requires that the school establish a cost of attendance to reflect additional costs that could be encountered in obtaining a degree. LIU offers a financial aid package up to that maximum allowable amount (which may include loans) to help you finance other costs of your education. It is up to you to decide whether to accept or decline all of the aid that is offered. For example, you may choose to borrow extra loan funds to help pay for transportation, housing costs, and books.


Will my financial aid package remain the same for all four years at LIU?

No. In order to continue receiving federal and institutional aid, you must complete the Free Application for Federal Student Aid (FAFSA) every year online at fafsa.gov by Feb. 15. Your eligibility for aid and subsequent financial aid package may change every year as it is based on your federal tax documents from the previous year, funds availability, and eligibility requirements.


I was originally planning to live on campus but will now live at home. How will this affect my financial aid package?

Should you decide to change your housing plans, you must notify the Student Financial Services Office at 516-299-2553 or liu-sfs@liu.edu as your cost of attendance will need to be adjusted. This could result in a change in the amount of need-based financial aid since your off-campus cost of attendance may change.


What other options do I have if my financial aid does not cover my costs?

You can contact the Student Financial Services Office to inquire about enrolling in a tuition payment plan that is an interest free way to break down your educational expenses into monthly installments. Payment plans begin as early as May for the fall semester and December for the spring semester in order to keep payments as low as possible. For more information, visit liu.edu/sfs or contact the LIU Student Financial Services Office at 516-299-2553 or liu-sfs@liu.edu.


Other Important Phone Numbers

Federal Student Aid Hotline: 800-433-3243
New York State Higher Education Services Corporation: 888-697-4372
Federal Direct Loan Servicing Center: 800-557-7394