Financial Aid FAQ


  • What types of aid are available?
  • How do I apply for aid?
  • What is Luther Rice's school code?
  • How will I know if I am eligible for aid?
  • What is the status of my application for federal financial aid?
  • Do I have to borrow the maximum federal loan amount?
  • What is a Promissory Note (MPN)?
  • How do I request additional federal loan funds?
  • What is Luther Rice's cohort default rate?
  • Are there other loan options besides federal loans?

Federal Aid Funds

  • How do the funds arrive?
  • How do I request a refund?
  • What are the interest rates on federal student loans?
  • How do I choose a method of disbursement for a refund of financial aid funds on my student account or check to see the method I have already selected?
  • When are refunds processed?

Book Vouchers 

  • Can I use a voucher to purchase my textbooks before I receive my aid monies?

Withdrawals From Classes

  • What happens with my financial aid if I withdraw or am administratively withdrawn from all of my classes?


Loan Repayment

  • Solutions at ECMC
  • Department of Education


Prior Financial Aid and Other Institutions

  • How much in student loans and/or grants have I received during my studies at Luther Rice or over my entire academic career?
  • How much can I borrow in student loans during my academic career?
  • If I enroll at Luther Rice, what can I do about any previous student loans that I am repaying?
  • May I attend another institution or study abroad and use that course to count toward enrollment at Luther Rice for financial aid purposes?

Contact Financial Aid

770-484-1204 ext. 5755

Fax: 678-990-5388

The Financial Aid Department returns phone calls promptly. Please leave your name, number and a brief message and someone will return your call within 24 hours or the next business day.