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Most LOMV students are eligible for a Federal Direct Student Loan (FDSL), if the undergraduate FDSL aggregate maximum hasn’t been borrowed, and the student is not in default on prior federal
student loans. Students may also be eligible for a Federal Pell Grant; eligibility determined by the Federal Student Aid (FAFSA).
To begin the application process for federal financial aid, two forms
must be completed: 1)
- Free Application for FAFSA
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- Degree Completion Financial Aid Information Sheet (FAIS).
All anticipated outside sources of aid must be included (ex: employer
assistanceemployer assistance.) Students should use the Financial Aid Checklist to ensure each step of the process is completed. Timely completion of federal aid forms/steps is important!
Information and forms to apply for the second academic year will be distributed prior to the end of the first academic year.
Questions regarding financial aid can be answered by the EMU Financial
Assistance Office at 540-432-4137 or emailing finaid@emu.edu.
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Students may pay for the program with personal funds by using the monthly payment plan or the
semester the semester payment plan as follows:
- EMU LOMV Monthly Payment Plan. Students may enroll in a semester-long payment plan through CashNet. Your monthly payment will be adjusted in accordance with your
other funding sources. There is a $35 an enrollment fee each semester. - Semester Payment Plan. Students may pay for each semester at the beginning of each semester.
REFUNDS
Federal Regulations
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Federal regulations require that refunds be proportional to the percentage of classes attended. EMU will calculate refunds to the student’s benefit. A student will be charged
again charged again for any course that is retaken. Official
Official Withdrawal Date
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The official withdrawal date is the day following the last class attended. Refund
Refund of overpayment on student account
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If a student’s account is overpaid in any semester
and semester and a credit balance currently exists on the account, the student may keep those funds on his/her student account to be applied toward other expected expenses, or may request a refund of the credit
balancecredit balance.
- If the student’s account was partially or fully paid by a third party, i.e. employer assistance, the refund to the student will not exceed the amount that the student paid. Any credit balance
over the amount that the student paid will be refunded to the third party. If students desire to have the credit balance refunded, they should make a request in writing to the business office.
Withdrawal schedule, Information regarding withdrawal adjustment and tuition refund percentages can be found in the Student Handbook / Financial Section. - Refund of flight training fees. If a student withdraws from, or is administratively withdrawn from, the LOMV program, unused funds in their flight training account at Aero-Tech Services, Inc. may
be refunded to the student in the amount of 75% of unused funds. EMU reserves the right to retain any or all such unused funds if the student has an unpaid balance at EMU.