Loans and Work Study

Most students in college today make use of some form of educational financing. The fact that LMU costs less than many private colleges is a great value to you, but you still might need to fund your education through other means. Two helpful options are loans and work-study.


In order to receive the William D. Ford Federal Direct Loans Subsidized/Unsubsidized at Lincoln Memorial University, you must be enrolled for a minimum of at least 6 credit hours (half-time) for any given semester and complete a Master Promissory Note (MPN) and Entrance Counseling with the Department of Education. A subsidized loan is available to students who demonstrate financial need (using the FAFSA). The U.S. Department of Education pays the interest on the loan during the borrower's in-school and grace periods as well as authorized deferment periods. Under the subsidized loan program, you can borrow up to $3,500 as a freshman, $4,500 as a sophomore and $5,500 as a junior and senior.

Unsubsidized loans are available to students who do not qualify for a subsidized loan or for students who qualify for less than the annual loan limit. The U.S. Department of Education does not pay the interest on an unsubsidized loan. You, the borrower, are responsible for all interest during the life of the loan.

The interest rate on Direct Stafford Loans is variable based on Treasury Bill rates. If you wish to reduce the loan amount that has been offered to you in your financial aid award package, you will need to complete a Loan Request Form and submit it to our office.

Parent Loans to Undergraduate Students (PLUS) enable parents with good credit histories to borrow for each child who is enrolled at least half-time and is a dependent student. Parents may borrow up to the cost of education less any financial aid. The interest rate is variable but won't exceed 9%. Repayment begins 60 days after disbursement.


Federal Work-Study provides jobs to students who have financial need. Eligible students are assigned part-time jobs on campus. Every effort is made to place students in positions according to their interests and abilities. Work-study gives the student a chance to earn money to pay for educational expenses.

Direct Loan Technical Assistance (PDF)

Contact Us

If you have any questions regarding financial aid, please contact our office. Financial aid counselors are assigned to students based on the first letter of the student's last name.

Front Desk: 423.869.6336

(A-F) Jonah Scent: 423.869.6274 or 1.800.325.0900, ext. 6274
(G-M) April Disney: 423.869.6491 or 1.800.325.0900, ext. 6491
(N-Z) Chad Robbins: 423.869.6824 or 1.800.325.0900, ext. 6824

Bryan Erslan, executive director: 423.869.6465 or 1.800.325.0900, ext. 64655