How will I receive my financial aid package?
All student financial aid package notifications will be sent via email and can be viewed at lynn.edu/esas.
What is included in the award notification?
The notification describes the financial support awarded to you by the federal government, the state (if eligible), and Lynn. It includes both need-based- and merit-based awards as well as opportunities to secure further awards. Read your letter carefully. Aid titled “DirectPLUS” or “EstAltern” means you must apply for and be approved in order to receive them.
What is the difference between need-based and merit-based aid?
Need-based aid is aid that is based on financial need as determined by the FAFSA. To determine your need, we subtract your Expected Family Contribution (EFC) from the Cost Of Attendance (COA). Merit-based aid is aid that is based on academic performance.
What is Expected Family Contribution (EFC)?
EFC stands for Expected Family Contribution. Your EFC is generated upon completion of the FAFSA and represents the amount of money the U.S. Department of Education expects your family to contribute toward your education.
Why is the EFC listed on the FAFSA different from my bill?
Your EFC is the amount of money the U.S. Department of Education expects your family to contribute toward your education. It does not represent what you will be charged on your bill to attend Lynn.
What is Cost of Attendance (COA)?
COA stands for Cost of Attendance. Your COA is the total cost of direct university charges plus an estimation of what it might cost you for books, transportation and miscellaneous living expenses.
I received my award letter, but it only lists my Lynn scholarship. Where is everything else?
We package all known sources of financial aid at the time we create your award letter. We may not have received your FAFSA by the time we created your package. As soon as we receive your FAFSA or become aware of any other source of financial aid for you, we will revise your award letter and notify you via email.
What financial aid opportunities are offered to Florida residents?
Florida residents may use both the Florida Pre-Paid and Florida Bright Futures programs at Lynn. Additionally, Florida residents may be eligible for the Florida Resident Access Grant (FRAG), Florida Work Experience Program (FWEP), and Florida Student Assistance Grant (FSAG).
I am eligible for Bright Futures. What isn't in on my award letter?
Once we are able to confirm your eligibility for Bright Futures with the Florida Office of Student Financial Aid, we will add Bright Futures to your financial award package.
Why is my 75 percent Bright Futures listed at only about $3,000 on my award letter?
While your Bright Futures Scholarship is advertised as paying a percentage of your tuition, that percentage applies only to public schools. You will receive the exact same amount, dollar-for-dollar, through your Bright Futures Scholarship at Lynn as you would at any school in Florida, but it will not cover the same percentage of the total cost as it would at a public school. For the 2016-2017 academic year, Bright Futures Medallion will pay $77 per credit, and Bright Futures Academic will pay $103 per credit.
My parents cannot afford the tuition balance indicated on my award letter. Can I apply for other scholarships?
Incoming first-year students do not have access to additional Lynn scholarships but may qualify for certain need-based grants. External scholarships are also an option for any student level.
My parents cannot take on more debt. What options are available?
Your parents may request deferment of a PLUS so they are not required to make payments while you are in school. Barring receipt of private/outside scholarships, your award letter will reflect the maximum amount of financial aid that you qualify for. Your parents may, however, finance your annual balance on a monthly payment plan at no interest.
What is the Electronic Student Aid System (E-SAS)?
E-SAS stands for Electronic Student Aid System. It is your window into your personal finances here at Lynn. It is available to all accepted, deposited and current students. You may access your E-SAS account directly at lynn.edu/esas.
Will my financial aid change if I move off campus?
Potentially, yes. You will receive a revised award letter notifying you of the changes, if any.
Thank you so much for the award letter! It says that I have been awarded $46,400 in financial aid! Who can I thank for such generosity?
We are glad you are so excited to attend Lynn, but please carefully review your award letter; it may include Federal Direct Loans. These sources of aid must be applied for and approved in order to be received. They are listed on student award letters as a means of expressing the important fact that financing does exist to help bridge any gap between the cost to attend and the sum of your financial aid package. Applying for either of these sources of aid can be done through our financial aid pages.