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Liberty University Financial Aid Consumer Information

Policy Information

Issuing Office

Financial Aid

Affected Parties

Students

Policy Language

Liberty University dynamically supplies information and disclosures to all who interact with the University. One way this is accomplished is through electronic media. 

Notice of Availability of Institutional and Financial Aid Information

Liberty University, as permitted by federal regulation [34 CFR 668.41], electronically disseminates consumer information, including the Jeanne Clery Disclosure of Campus Security Policy and Campus Crime Statistics Act information. Upon request, the institution will provide a free paper copy. Anyone signing or processing financial aid forms or seeking information or assistance at Liberty University must read, understand, and comply with the requirements disclosed, which are available 24 hours a day at www.Liberty.edu/ConsumerInfo. (http://www.liberty.edu/financeadmin/financialaid/index.cfm?PID=21792)

Contact Information for Assistance in Obtaining Institutional or Financial Aid Information: www.liberty.edu/financialaid (http://www.liberty.edu/financeadmin/financialaid/index.cfm?PID=294)


General Institutional Information


Student Financial Assistance

 

Health and Safety


Student Outcomes


Additional Disclosures  


Employee Disclosure Information and Resources


View a document of consumer information (http://www.liberty.edu/media/1260/Consumer_Information_Current.pdf) with each direct hyperlink for the above reporting requirements.

Policy Rationale

The U.S. Department of Education requires all institutions receiving Title IV aid to disclose and disseminate specific consumer information.

Definition of Glossary Terms

Graduation Rate: Measures the progress of students who began their studies as full-time, first-time degree- or certificate-seeking students by showing the percentage of these students who complete their degree or certificate within a 150% of "normal time" for completing the program in which they are enrolled.

Default Rate: The percentage of borrowers who fail to repay their loans according to the terms of their promissory notes.

Federal Student Aid: Financial aid from the federal government to help you pay for education expenses at an eligible college or career school. Grants, loans and work-study are types of federal student aid. You must complete the FAFSA to apply for this aid.

Federal Student Aid Programs: The programs authorized under Title IV of the Higher Education Act of 1965 that provide grants, loans and work-study funds from the federal government to eligible students enrolled in college or career school. 

Job Placement Rate: The percentage of graduating students who obtained employment either in the recognized occupation for which they were trained or in a related comparable recognized occupation within a determined timeframe after receiving their degree or certificate.

Lender: The organization that made the loan initially; the lender could be the borrower's school; a bank, credit union, or other lending institution; or the U.S. Department of Education.

Net Price Calculator: A tool that allows current and prospective students, families, and other consumers to estimate the net price of attending a particular college or career school.

Retention Rate: Measures the percentage of first-time students who are seeking bachelor's degrees who return to the institution to continue their studies the following fall.

Transfer Rate: The percentage of the full-time, first-time students who transferred to another institution.

Procedural Information

Procedures

Compliance with the federal regulation concerning the disclosure and dissemination of consumer information is completed through providing students, staff, faculty, and the public-at-large access 24 hours a day, seven days a week through the online web link (www.liberty.edu/consumerinfo) and also sends an annual email to applicable parties, which is tracked in Banner.

Sanctions

Non-compliance with consumer information disclosure could result in the suspension or revocation of the privilege of awarding Title IV aid.

Exceptions

None

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