Undergraduate - Lee University

60 FINANCIAL INFORMATION
award is received or repay the loan with substantial interest. Applications
are available in the Financial Aid Office.
Loan Entrance Counseling
Federal Regulations require all students who participate in one of the
Federal Student Loan programs to attend a Loan Entrance Counseling session
conducted by the Financial Aid Office. The purpose is to provide loan
information to students who anticipate receiving a Federal Student Loan.
All first-time borrowers at Lee University are required to complete Loan
Entrance Counseling prior to receiving the first disbursement of their loan.
This requirement may be fulfilled online at www.leeuniversity.edu.
Loan Exit Interview
Federal regulations require all students who participated in one of the
Student Loan programs to attend an Exit Interview conducted by the
Financial Aid Office. The purpose of the Exit Interview is to review loan
history and repayment terms with each student borrower. The Exit
Interview is required for graduation and must be completed before a diploma
will be issued.
State Program (TSAC)
The Tennessee Student Assistance Corporation (TSAC) is a non-profit
organization established by the Tennessee General Assembly to further
post-secondary education opportunity for Tennessee residents. In administering
the Tennessee Student Assistance Award, TSAC reviews all
Tennessee resident applicants who are enrolled in an eligible post-secondary
institution. The awards range from $800 to $2,000. The average received at
Lee University is approximately $1,194. Students apply for the TSAC award
by completing the Free Application for Federal Student Aid. Following the
submission of the FAFSA, TSAC will review the student’s application based
on family need in the same manner as the Pell Grant. Students should apply
for both Pell Grant and TSAC if they are Tennessee residents.
Eligibility Requirements
In order to qualify for Federal Financial Aid, students must be either a
citizen of the United States or an eligible non-citizen and must have a diploma
from a state accredited high school or a GED.
Students with a diploma from a non-accredited high school program or
who have not completed high school may be eligible for Federal Aid with a
minimum ACT score of 17. Students applying for early admission must
meet early admissions standards in order to receive Federal Aid.