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All individuals interested in receiving financial aid must complete a  and submit all requested documents.  The FAFSA must be completed yearly.  All students interested in receiving summer financial aid must also complete a Summer Intent to Register and submit it between February 1 and May 27 of the year interested in attending.

We encourage students to contact Admissions and academic departments across campus for additional scholarship options, to use scholarship search engines, and to check with organizations within their school, community, and/or state.

Scholarships are considered to be a need-based aid. Therefore reducing loan eligibility. It is a federal regulation that a student receiving any form of federal aid (PELL, SEOG, CWSP, and loans) award total, including scholarships, can not exceed the total cost of attendance (COA). COA – Total Award = 0.  However, there is an exception to the rule: if the student is only receiving PELL Grant funds, since it is an entitlement to the student and scholarship funds, then and only then can the total award exceed COA.

Once Lincoln receives your FAFSA and all required documentation, you should receive an award letter within 3 – 4 weeks. You are more than welcome to check  for an online version.

You may check the status of your financial aid by checking . To check if all documents are received, please view the correspondence menu. To check on your award letter, please select the award letter menu and specify for what academic year you are seeking. To check what financial aid has been transmitted to your account, please check account by term. Those are options you have using Web Advisor for internal information regarding your financial aid.

The loan disbursement schedule is available online for 2025-2026.  These dates are "ANTICIPATED" not guaranteed.  Funds will be received in two disbursements for the loan period.  A loan period may be the academic year which will have one disbursement in the Fall and one in the Spring.  If the loan period is for only one semester, there will still be two disbursements; one at the start of the semester and the other half way through the semester.  (Please refer to the disbursement schedule for the anticipated dates.)   If you're a first-year undergraduate or a first-time borrower at our institution, you must complete entrance counseling and your first disbursement can't be made until 30 days after the first day of your enrollment period.  To be eligible for the funds at the time of disbursement, a student must not be in a pre-claim status and must meet the credit hour enrollment requirement for their academic level. For the Federal Direct Loans students must have a completed on file with the Department of Education, and a completed  session prior to loan disbursement.  Disbursement rosters will only be received once a week – every Monday.  Once the funds have been applied to your account (), the Office of Student Financial Services per federal regulations has 14 days to issue the student/parent a refund from any excess funds received of the total bill.  For more information on refunds, please contact the Office of Student Financial Services at (573) 681-6156.  Refund information is also available online at: Loans.

• Unless otherwise posted, you will receive your work-study paycheck on the 15th of the following month (please check your Lincoln email for messages).
• Students who completed the "Work Study Authorization Form" and Onboarding process will receive a paycheck.
• However, only students awarded CWSP funds can complete an authorization form. Please refer to your award letter for verification.

In order to keep your financial aid, you must successfully complete your courses as stated in the Satisfactory Academic Progress Policy.  If you drop a course, withdraw from the semester, or fail your courses, it affects your eligibility; please check with a financial aid counselor if you are unsure of your status.

Yes, your biological/legally adoptive parents may apply for a Federal Direct PLUS Loan.  We encourage every parent to apply for a loan to assist the student in paying for college. For more information pertaining to a PLUS loan, please refer to the loan section under "Type of Aid" or Parent Loan.

No! Financial aid is not guaranteed to cover 100% of charges incurred. It is an assistance to other personal means. It is the student's and/or parent's responsibility to make payment arrangements with the Office of Student Financial Services.

Financial aid received/awarded at Lincoln will not automatically transfer to another school. We encourage the student to add the other school's FAFSA code to their FAFSA by contacting the Processing Center at 1-800-433-3243 or making a correction on . Once that has been done, the student should contact the Financial Aid Office at the school they will be transferring to. Once the student has finalized their decision to transfer, they must email sfs@lincolnu.edu from their Lincoln email address requesting their financial aid to be canceled for specificed term. (This is only required when transferring in the middle of an academic year.)

Yes, financial aid is available during the summer session, but funds may be limited or unavailable depending on the individual student's eligibility. Therefore, we encourage all interested students to complete a Summer Intent to Register so that a financial aid counselor can formally review their file and notify them of the appropriate status.

Yes, if you are interested in receiving assistance you must complete the FAFSA every year you plan on attending our institution.

You may add our school code, 002479, to your FAFSA by making a correction on  or contacting the Processing Center at 1-800-433-3243.

Yes, you may apply after the priority date, but if you do, funds will be limited and may cause a delay in the processing time frame.