Financial Aid

A college education is an important investment in your future. LIU's Office of Enrollment Services is dedicated to helping make a quality education affordable. Counselors are available for assistance with the financial aid application process and to advise you of the many financial aid options available, including grants, scholarships, loans and student employment, as well as payment options to assist in meeting educational expenses.

We also offer financial aid seminars throughout the year at local high schools and on campus. The seminars are free, open to the public, and provide detailed information about the FAFSA process and how to obtain the maximum amount of aid for your college education. For information about our seminars, contact the Admissions Office at 516-299-2900.

File your FAFSA at fafsa.gov

• LIU Federal School Code: 002751
• LIU NYS School Code: 5403

Deadline for new and continuing students: February 15

Apply for Financial Aid

All DVM students –– current and prospective –– should apply for financial aid, regardless of need. Call us to set up an appointment with a counselor who will help you understand the financial aid process, discover scholarship and other funding opportunities, and gain the financial know-how to make informed decisions.

File a FAFSA

The first step is to complete and file the Free Application for Federal Student Aid - FAFSA (for U.S. citizens and permanent residents), which asks you to provide financial information such as income and assets. Completing the FAFSA is well worth the time investment. You could potentially receive thousands of dollars toward your education costs.

NEW STUDENTS

• Go to www.fafsa.gov and select "Start a New FAFSA".
• From this page, you can either enter your FSA ID or create a new one. LIU’s federal school code is 002751.
• After logging in, you will be given the option to complete a New or Renewal FAFSA. Select Renewal if you filed in a previous year, otherwise select New. For fast and accurate results use the IRS Data Retrieval Tool to update your FAFSA with your IRS tax information.
• Make sure you get to the confirmation screen and receive a confirmation number when you have completed the application. If you do not receive a confirmation number, we will not get your FASFA information. Please keep a copy of the confirmation number for your records. New York State residents can link directly to the HESC application from the FAFSA submission confirmation page. LIU’s state school code for graduate studies is 5403.

CONTINUING STUDENTS

Go to www.fafsa.gov and login as a returning user. The federal school code for LIU is 002751.

After you login, select renewal as it is the fastest and easiest way to complete your application. For fast and accurate results use the IRS Data Retrieval Tool to update your FAFSA with your IRS tax information.

Make sure you get to the confirmation screen and receive a confirmation number when you have completed the application.  If you do not receive a confirmation number, we will not get your FASFA information. Please keep a copy of the confirmation number for your records. New York State residents can link directly to the HESC application from the FAFSA submission confirmation page. LIU’s state school code for graduate studies is 5403.

STUDENT AID REPORT 

After you file your FAFSA, you will receive a Student Aid Report (SAR) that contains your EFC (Expected Family Contribution). If you have provided an email address as part of your FAFSA information, you will receive an email link to your SAR. Your SAR and EFC will be sent to the schools you have indicated on your FAFSA, and these schools will offer you financial aid packages based on this data. 

Types of Financial Assistance Available 

Federal and State Grants

Scholarships

Loans

Federal and State Grants

Federal and state grants typically do not require repayment and are renewable if certain conditions are met.

Federal Grants

• Aid for Military Families – As a designated “Military Friendly School,” LIU has a proud and distinguished history of serving its nation’s active duty service members and veterans and their families. The U.S. Department of Veteran’s Affairs (VA) offers generous education benefits for veterans and their families.

State Grants

• Other New York State Grants and Awards
  • Flight 3407 Memorial Scholarships
  • Flight 587 Memorial Scholarships Military Service Recognition Scholarship 
  • NYS Scholarships for Academic Excellence 
  • NYS World Trade Center Memorial Scholarship
  • NYS Aid to Native Americans 
  • NYS Math and Science Teaching Incentive Scholarship
  • NYS AIMS 
• Veterans Tuition Awards
  • NYS Regents Awards for Children of Deceased and Disabled Veterans 
  • NYS Memorial Scholarships for Families of Deceased Firefighters, Volunteer Firefighters, Police Officers, Peace Officers, and Emergency Medical Service Workers

Loans 

All federal and private loans must be repaid with interest. Borrow wisely. To learn about responsible borrowing, estimate repayment, and managing student loans, visit studentloans.gov. 

• William D. Ford Federal Direct Loan Program – The Direct Loan Program is the best financing option for a student to pursue and should be considered before any private educational loan options. The loan is available to students regardless of the level of financial need. There are subsidized and unsubsidized options available. 
• The Federal Direct PLUS Loan is a credit-worthy loan for the parent or legal guardian of a dependent student or a graduate student who has borrowed the maximum annual amount of Direct Loan assistance. The loan is available to students regardless of the level of financial need. For details on how to apply for a parent or graduate PLUS loan, visit studentloans.gov.
• HRSA Health Professions Loan (HPL) – HPL Loans may be available to CVM students who provide parental information on their FAFSA application. The loan carries a fixed interest rate of five percent and ranges in amount, depending on need and availability of funds. Repayment for the HPL Loans begin one year after graduation, termination of at least part-time studies or immediately for students who change their major from DVM.

Financial Aid Policies

Refunds

Return of Federal Funds

Satisfactory Academic Progress

Refunds

Request for Refund Check Replacement Form

A refundable credit balance may result on your student account because of loan disbursements, overpayments, changes in registration and/or account adjustments.  

In cases of federal student aid credit balances, which occur when federal financial aid exceeds billed charges for a semester, students will be issued a refund within 14 days from the date of the credit balance or the start of the term, whichever is later.  Federal student aid credit balances are processed continually during the semester as aid is credited to student accounts.  

All other refunds will be processed upon request or within 20 business days from the date of the credit balance or the end of the University’s drop/add period, whichever is later.  Overpayments made with a credit card will be credited to the cardholder’s account.  

Students or parents who were mailed a refund check and have not received it within two weeks can complete the Request for Refund Check Replacement Form (see link above) and send it to the Enrollment Services office on campus for processing.

Student refund checks are mailed to the student’s permanent address on record. To insure receipt of your refund check, it is important to keep your address updated in your MyLIU account at all times.  To insure receipt of your refund check, it is important to notify the Enrollment Services Office in writing or email of any change to your address so that it can be updated in our system of record.  

If you withdraw from the University or lose eligibility for financial aid due to a change in enrollment, your refund check (proceeds) need to be returned to Long Island University immediately so that these funds can be returned to their appropriate financial aid programs.  Failure to return these refund proceeds may result in an open balance due to Long Island University which may be referred to a collection agency and subject to collection fees.

Return of Federal Funds

REFUND FOR WITHDRAWALS

Students receiving Federal Title IV aid that wish to withdraw from classes at Long Island University should refer to the Official and Unofficial Withdrawal Policy and complete an Application for Withdrawal Form.  

For students receiving Federal aid who withdraw completely before attending 60 percent of the semester, the University is required to calculate how much of Federal student aid funds must be returned. Those receiving Federal aid who withdraw completely may be billed for remaining balances resulting from the mandatory return of funds to the US Department of Education. The amount of Federal aid "earned" is determined by the withdrawal date and a calculation based upon the Federal formula. Generally, Federal assistance is earned on a pro-rata basis. A student's official withdrawal date is calculated based on the date the withdrawal form is submitted; students who unofficially withdraw are calculated as having attended through the 50 percent point of the term.  The portion of Federal aid that was not earned by a student will be returned from the appropriate Federal student aid program(s) in the following order, Federal Direct Unsubsidized Loan, Federal Direct Subsidized Loan, Federal Perkins Loan, Federal Graduate PLUS Loan, Federal Parent PLUS Loan, Federal Pell Grant, and Federal Supplemental Educational Opportunity Grant (FSEOG).

REFUND FOR CREDIT BALANCE

If the receipt of your Federal Title IV aid (Pell Grants, SEOG, Direct Loans, PLUS Loans, etc.) results in a credit balance, a refund check in your name will automatically be mailed to you. If your account is paid partly by a Parent Plus Loan and results in a credit balance, the check will be drawn to the borrower to the extent of the PLUS loan proceeds. Institutional aid will be applied to past due balances prior to a refund being generated for the current term. 

Satisfactory Academic Progress

STANDARDS FOR FEDERAL FINANCIAL AID PROGRAMS

Federal regulations require students to make satisfactory academic progress (SAP) toward the completion of a degree or certificate program in order to receive Title IV financial aid, which includes Federal Pell and SEOG Grants, Federal Work Study, Federal Perkins Loans and the Federal Direct Loan Program.  Satisfactory academic progress is measured qualitatively and quantitatively by two components: a student's cumulative grade point average (GPA) and the amount of credits they have earned relative to their year in school and enrollment status.

Satisfactory academic progress is measured annually, at the end of the Spring semester, after all grades have been submitted. Students failing to meet the above criteria are eligible to appeal this decision if extenuating circumstances played a factor in their academics.  Examples of such circumstances could include an illness, accident, separation or divorce, or the death of a relative.  An appeal must be made in writing to the University and include an explanation of the circumstance(s) that may have adversely affected the student's ability to meet the academic requirements, and the changes that have occurred which will allow them to make SAP in the future.  All appeals must be accompanied by supporting documentation, such as a letter from a doctor or attorney.  If an appeal is granted, the student will either A) be placed on probationary status for one semester after which the student must meet SAP guidelines, or B) must be successfully adhering to an individualized academic plan that was developed for them as part of their appeal.  Failure to meet these criteria will result in loss of eligibility for Title IV funds.

Students wishing to receive Title IV financial aid for summer semesters may have these awards evaluated and offered prior to a determination of SAP.  All students receiving summer aid will have their SAP evaluated after all spring grades have been submitted.  Students not making progress will have their summer aid cancelled, and the student will be liable for all assessed charges unless an appeal is filed and granted as outlined above.

GRADUATE CRITERIA

The criteria below outline the progress that is required for a full time graduate (non-professional) student to be considered in good standing:

Completion Rate Requirement

• All students must earn at least 67 percent of their attempted hours.  The maximum time frame to complete each degree varies by Department and is outlined in the bulletin under the specific degree program.