Financial Aid and Your Student Account
Certain forms of financial aid, such as Federal Direct Subsidized and Unsubsidized Loans, Federal Direct PLUS Loans for graduate and professional students, Federal Perkins Loans and Federal Direct PLUS Loans for parents, are scheduled for disbursement to Lewis & Clark at the beginning of each semester. If you have elected to borrow under an educational loan program and have completed the additional steps outlined in the financial aid award guide to secure loan funding, Lewis & Clark will consider those funds to be fully processed. Fully processed financial aid will appear as “Estimated Financial Aid” on the student account statement. You are required to pay only those balances not covered by the net proceeds of fully processed financial aid.
Federal Work-Study (FWS) funds will not be deducted from the balance of your student account. FWS earnings are disbursed directly to you in the form of a monthly paycheck, based on actual hours worked during the pay period.
If anticipated financial aid funds are not disbursed to your account shortly after the start of the semester, it may be an indication that you need to take additional action. Please refer to the information provided with the award notification to confirm you have completed the steps necessary to receive funding. Contact the Financial Aid Office (FAO) with any questions at 503-768-7090 or firstname.lastname@example.org.
Information about interest rates and fees associated with the Federal Direct Loans can be found on the following FAO web pages: