Our goal to help assure that all qualified candidates have the opportunity to enroll at Labouré. In the Office of Financial Aid, we can help by awarding scholarships, grants, employment aid when available, and low-interest student loans.
We also provide counseling to students and their families on the cost of their education and ways in which financial aid may be obtained.
At Labouré, there are four basic types of aid, including scholarships, grants, loans, and work-study employment. Since many students are eligible for several types of assistance, the Office of Financial Aid usually offers a combination of these in a financial aid package.
Financial aid can be merit-based (awarded on the basis of standards such as academic achievement) or need-based (awarded on the basis of financial need as determined by the FAFSA). Most scholarships are merit-based, while grants, loans, and work-study are generally need-based.
Below, we'll cover the basics of what financial aid is available, and how to apply. For more detailed information on any topic, please use the links provided.
What is financial aid?
Financial aid is money that can help you pay for school. It can come from federal or state government, Labouré College of Healthcare, or outside organizations and may include grants, scholarships, loans, and work study.
Though are different rules and applications for different types of aid, the simplest way to get started is by filling out the Free Application for Federal Student Aid (FAFSA).
By completing the FAFSA, you may be considered eligible for federal, state, and Labouré financial aid.
Here's a basic overview what types of aid may be available:
Scholarships are based on academic merit or talent criteria and, in some cases, financial need. These awards do not have to be repaid.
Grants are based on need and do not have to be repaid. Financial aid packages will include grants when awarding policies and funds permit. Federal Pell Grants are based on exceptional need. They are awarded to first-degree undergraduate students who are citizens or eligible non-citizens; by submitting a FAFSA, you will be automatically considered for a Pell Grant. Eligibility is determined by the federal government, and the amount awarded will depend on your Estimated Family Contribution (EFC) and whether you are enrolled full-time or less than full-time.
Loans allow students to postpone paying some of the costs of their education until they have completed school. Financial aid packages usually include a long-term, low-interest loan. By agreeing to accept a loan, the borrower must realize their commitment and responsibility to repay the loan according to its repayment schedule. Before accepting a loan, students should assess their total educational debt and ability to repay after graduation. Eligibility is based on a minimum enrollment of 6 credits per semester.
Federal Work-Study Program (FWS) is intended to stimulate and promote part-time student employment and is awarded based on the FAFSA. Awarding FWS does not guarantee a student a job on campus. When positions are available, they will be published by the Office of Financial Aid and in the student newsletter, and students must apply directly through an online portal. Students employed through FWS provide essential services to the college and community, and have the opportunity to hold jobs that may relate to their educational objectives or enable them to gain valuable work experience.
Applying for financial aid
How to apply
Your first step will be to fill out the FAFSA. The quickest and easiest way to apply is online at https://studentaid.gov/h/apply-for-aid/fafsa. To apply online, you'll need a Federal Student Aid (FSA) username and password from the US Department of Education. If you don't have one yet, you can get a username at at https://fsaid.ed.gov. Read all instructions carefully and answer each question accurately.
If you don't complete the application electronically, you can print, sign and mail your FAFSA. The advantage to submitting it electronically is that it takes less time to process.
Your FAFSA will need to include Labouré's Federal School Code: 006324.
If you don't have internet access at home, you can use Labouré's library or computer lab, or your local public library.
If you have questions, our financial aid counselors are happy to help!
Deadlines
You only need to complete the FAFSA once per academic year, and it's recommended that you complete it by the priority deadline for your first semester. Submitting your FAFSA by the priority deadline means you'll receive maximum consideration for all types of aid; submitting after the priority deadline means that you'll be considered on a funds-available basis.
Priority deadlines are:
- May 1 for Fall semester
- November 1 for Spring semester
- April 1 for Summer semester
Additional documents to submit
You may be asked to submit some additional documentation to Labouré, which may include verification forms, copies of your federal tax return transcripts from the IRS, or other documents.
Our Financial Aid Team will contact you through your Labouré email address, or the email address you listed on your FAFSA if you need to submit any additional documents.
Financial aid status
You'll receive an email to your Labouré or FAFSA-listed email address if you are awarded financial aid.
You can also view your status at any time on the financial aid website: https://financialaid.laboure.edu.
This site can be used to view and download any missing documentation as well as to view, modify, and accept financial aid awards.
Satisfactory Academic Progress (SAP)
The U.S. Department of Education requires all students who receive financial aid to make satisfactory academic progress toward completion of their programs of study. SAP is the measure of a student’s overall progress. Students who fail to meet SAP standards may not receive financial aid, including loans. A student’s entire academic history will be reviewed for the purpose of determining satisfactory academic progress, including credits not covered by financial aid. To view or print the College’s SAP Policy, CLICK HERE.
