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Financial Aid
Even with relatively low
tuition and other charges, the cost of a
university education can be a financial
burden. The primary responsibility for
assuming the cost of a university education
lies with students and often their families.
IS THERE A
WORK-STUDY PROGRAM AT LU?
Yes. Through this program the
University and its principal sponsor the
Living Church of God offer a limited number
of part-time student work study positions to
help undergraduate students to pay for a
portion of their room, board and tuition
charges by working on-site.
WHAT ARE THE
REQUIREMENTS FOR WORK-STUDY?
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An eligible applicant
must be a full-time, matriculated,
undergraduate on-site student in
Charlotte.
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Positions are open
regardless of financial need to those
who meet the University's student
employment eligibility requirements.
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Funding for these
positions comes directly from the
University or the Church budgets and
positions are limited in number. This
means some students may need to offset
their educational expenses using
alternate methods.
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Students not eligible
for Institutional Work Study include
those seeking a credential, diploma or
degree online; those registered in the
Open University Program; those seeking
an additional baccalaureate degree at
the University; and those extending
their baccalaureate degree programs
beyond the traditional four years.
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There is no total
earnings ceiling per academic year,
however, the normal maximum is 20 work
hours per week except for vacation and
recess periods. There may be, however,
only limited student employment
opportunities in the summer.
ARE THERE ANY
SCHOLARSHIPS?
As a church-related
institution the University seeks to assist
qualified students affiliated with the
Living Church of God in meeting educational
expenses through its Regents Scholarships.
WHAT
EXPENSES DOES THE REGENTS SCHOLARSHIP COVER?
A Regents Scholarship applies
to tuition but not fees. It is a tuition
reduction.
WHO IS
ELIGIBLE FOR THE REGENTS SCHOLARSHIP?
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Living
Church of God elders, deacons and
deaconesses, including their spouses and
their dependent children under the age
22, an award of 50% of tuition charges
for courses taken for credit or audit.
Eligibility must be certified in advance
of the granting of the scholarship.
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Living
Church of God members contributing to
the Living Church of God Assistance Fund
as of the close of late registration for
the term in which registering, including
their spouses and their dependent
children under the age 22, an award of
50% of tuition charges for courses taken
for credit or audit. Eligibility must be
certified in advance of the granting of
the scholarship.
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Full-time regular employees of the
Living Church of God, their spouses, and
their dependent children under the age
22, an award of 100% of tuition charges
for courses taken for credit or audit.
In the case of the death of a regular
full-time employee this includes the
surviving spouse. Temporary employees,
such as student workers, do not qualify
for this benefit even though they may
work full-time for the Church during the
summer or during University recess or
vacation periods. Eligibility must be
certified in advance of the granting of
the scholarship.
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Part-time employees of the Living Church
of God, eligible for employee benefits
and their spouses, an award of 100% of
tuition charges for courses taken for
credit or audit. Part-time employees
without benefits and temporary
employees, such as student workers, do
not qualify. Eligibility must be
certified in advance of the granting of
the scholarship.
IF I DROP
A COURSE DO I LOSE THE SCHOLARSHIP?
Withdrawing from a course up
to and including the 10% or 25% point of a
semester, or other term, requires full
repayment of Regents Scholarship funds.
ARE
REGENTS SCHOLARSHIPS TAXABLE?
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Regents Scholarships provided
to full-time or part-time employees of the
Living Church of God, their spouses or
dependents, or Living Church of God elders,
deacons or deaconesses, their spouses or
dependents, are normally taxable
compensation and must be reported as income
on federal, state and city tax returns.
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Living Church of God members receiving a
Regents Scholarship by virtue of a
contribution to the Living Church of God
Assistance Fund should reduce any income tax
deduction for the charitable contribution by
the amount of the Regents Scholarship.
WHO DO I
CONTACT IF I HAVE QUESTIONS?
Questions concerning
applicability, eligibility or other details
about a Regents Scholarship should be
directed to the Admissions Office.
CAN I
RECEIVE FEDERAL FINANCIAL AID AT LU?
The
University does not participate in U.S.
federal financial aid programs at this time.
Colleges and universities participating in
federal programs, such as Pell Grants and
College Work Study, must be accredited
institutions.
WHAT IS SATISFACTORY ACADEMIC PROGRESS?
Most financial aid programs require students
to make Satisfactory Academic Progress
towards completing their academic program
and graduating in order for their financial
aid to continue. Beginning with the fall
2009 semester Living University will have
such requirements in place.
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