Graduate Financial Aid
Graduate Financial Aid
Uncategorized
Get funding for your next big step
Financing your graduate education is an important step, and the University of Lynchburg is here to help. We offer a range of financial aid options, including scholarships and graduate assistantships, to support your academic journey. Our scholarships are made possible by generous donors and foundations, with awards available for various fields of study. Graduate assistantships provide valuable professional experience while offering financial support. Whether you're exploring funding opportunities or navigating the application process, our team is ready to assist you.
Notice: Financial Aid & Loan Limit Clarification
Please be advised of the following updates regarding financial aid for our health-related graduate programs:
Professional Program Status: For federal financial aid purposes, our programs are not classified as “professional programs” (e.g., MD, JD). Recent legislative references or external discussions regarding changes to professional programs do not affect our students.
Annual Loan Limits: The maximum Federal Direct Unsubsidized Loan limit remains $20,500 per year, consistent with previous years.
Graduate PLUS Loans: Students with no prior borrowing history may face limitations when applying for a Graduate PLUS Loan. We are awaiting further guidance from the Department of Education and will provide updates as they become available.
For specific questions regarding your aid package, please contact the Solutions Center.
Types of Aid
Virginia Tuition Assistance Grant
Federal Loans
Alternative Loans
TEACH Grant
Aspiring Educator Discount
Support for Veterans
Comparison Table
| Feature | Direct Unsubsidized | Graduate Plus (Legacy Only) | Private Student Loan |
|---|---|---|---|
| Credit Check | Not Required | Required | Required |
| Annual Limit | $20,500 | Up to Cost of Attendance | Up to Cost of Attendance |
| Interest Rate | Fixed (Lower) | Fixed (Higher) | Fixed or Variable |
| How to Apply | FAFSA | FAFSA + studentaid.gov | Apply via FastChoice |
How to Apply for Financial Aid
Step 1: Obtain a Federal Student Aid (FSA) ID
Before you can do anything else, you must obtain an FSA ID, which is an Electronic Signature for both Student and Parent(s) if dependent.
You need an FSA ID when logging into certain Department of Education websites. Create an FSA ID now.
Remember: An email address can be associated with only one FSA ID. Why? The FSA ID electronically signs documents such as loan promissory notes (which establish the binding legal obligation for the loan debt). Therefore, it is extremely important that any communications related to those documents or the FSA ID go to the correct person.Â
Similarly, make sure you don’t let anyone else know your FSA ID or create it for you because you’ll be putting yourself at risk of identity theft or — at the very least — not knowing how to sign into your account.
The FSA ID process consists of three main steps:
- Enter your login information.
Provide your email address and a unique username and password. - Enter your personal information.
Provide your Social Security Number, name, and date of birth.
Include your mailing address, email address, telephone number, and language preference. For security purposes, provide and create answers to five challenge questions. - Submit your FSA ID information.
Agree to the terms and conditions.
Verify your email address. (This is optional but helpful. By verifying your email address, you can use your email address as your username when logging into certain Department of Education websites. This verification also lets you retrieve your username or reset your password without answering challenge questions.)
Step 2: File Your Free Application for Federal Student Aid (FAFSA)
Students must complete the FAFSA every year.
- The FAFSA is available online.
- Log in with your FSA ID.
- This web application automatically prompts applicants to enter all required fields and questions any discrepant data. Renewal applicants may access their Renewal FAFSA at this site using their FSA ID.
University of Lynchburg uses your FAFSA data to determine your eligibility for institutional aid.
Future Act Direct Data Exchange (FADDX)
The 2024-2025 FAFSA and beyond will use the Future Act Direct Data Exchange (FADDX) instead of the Data Retrieval Tool (DRT) to receive Federal Tax Information from the Internal Revenue Service. Each contributor (student and parent(s)) must give consent for this information to be retrieved by FAFSA. Otherwise, you cannot complete the FAFSA and be evaluated for federal financial aid eligibility.
*If you only wish to receive merit aid, you do not need to complete the FAFSA.
Step 3: Keep Track of Your Financial Aid with MyHive
MyHive allows you to:
- Access your financial aid at any time, from any location.
- Check the status of your application.
- View a list of documents we’ve received from you and a list of missing information.
- View your financial aid award(s).
- Accept or decline your financial aid award(s).
- View your student loan history.
- Check the status of your student loans for the current year.
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| Feature | Direct Unsubsidized | Graduate Plus (Legacy Only) | Private Student Loan |
|---|---|---|---|
| Credit Check | Not Required | Required | Required |
| Annual Limit | $20,500 | Up to Cost of Attendance | Up to Cost of Attendance |
Graduate Financial Aid FAQ​
FASFA & Deadlines
Do graduate students need to file the FAFSA?
To be considered for federal loans (Unsubsidized or Grad PLUS), you must file a FAFSA at studentaid.gov.
What is the priority deadline for financial aid?
While there is no hard deadline, we recommend submitting your FAFSA and all requested documents by May 1 to ensure your financial aid package is processed as early as possible.
What is Lynchburg’s federal school code?
Our federal school code is 003720.
Grants & State Aid (VTAG)
What is VTAG, and am I eligible?
The Virginia Tuition Assistance Grant (VTAG) is a non-need-based grant for Virginia residents attending private colleges full-time (9+ credit hours).
Note: For the 2025-26 academic year, eligible graduate students in health-related programs may receive between $2,500 and $5,000, depending on whether the program is online or on-campus.
What is the deadline for the VTAG application?
The primary deadline is September 15. Applications submitted by the secondary deadline of December 1 are considered only if funds remain available.
Loans & Funding Limits
What is the maximum I can borrow in Federal Direct Unsubsidized Loans?
Most graduate students are eligible for up to $20,500 per academic year, provided they are enrolled at least half-time (typically 4.5 credit hours).
What is a "Legacy Student" regarding graduate loans?
A legacy student is one who began their graduate program at the University of Lynchburg prior to July 1, 2026, has not taken a leave of absence or withdrawn, and had a direct loan disbursed to them while in that program. These students may continue to borrow Graduate PLUS loans for up to three years.
What if the $20,500 limit does not cover my full cost of attendance?
Legacy Students: May apply for a Federal Graduate PLUS Loan (requires a credit check).
New Students (Post-July 1, 2026): May apply for a private student loan. We recommend using our FastChoice selection tool to compare options.
Endowments & Assistantships
Does Lynchburg offer graduate endowments?
Yes, though funds are limited. Applications for donor-provided endowments are sent out once per semester. Matching is not guaranteed, and students should not rely on these funds as a primary source of tuition coverage.
How do I find Graduate Assistantships (GA)?
GA positions are competitive and may provide tuition waivers or stipends. Applications typically open in February for the following fall term. Please check the University Job Board or contact your Program Director for details.
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