Throughout your academic studies you will be making many important financial decisions and careful planning is therefore quite essential. It is best to equip yourself with the knowledge you will need in making such decisions in a wise fashion. We are here to help. Financial Aid is a privilege granted to LIU students. The University reserves the right to change or withdraw any amount of aid granted. Assistance is available to students who have financial need and are in good standing and are making satisfactory academic progress in the university. Financial aid is applied once only.