LCC Financial Aid Presentation

1
LCC Financial Aid Presentation

• Brought to you by the LCC
• Financial Aid Advisors

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Financial Aid Is

• Any money paid for your education on your behalf
  in the form of
• Scholarships free money, merit based
• Loans borrowed money
• Work Study earned money
• Grants free money, need based

3
We Encourage Everyone to Apply

• You may qualify for assistance
• More than ½ of all LCC students receive some type
  of assistance
• The average amount is 3,000/yr!

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Apply Online with the FAFSA

• Gather 2007 Federal Tax Forms
• Go to www.FAFSA.ed.gov to file
• Its Free!
• Its Fast!

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On The FAFSA

• Report your income
• Report your parents income if you are
• Under 24
• Single
• Have no Children or Dependents
• Not a Veteran
• Not in Graduate School
• Not an Orphan or Ward of Court
• Even if you live on your own and are
  self-supporting.

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Your Eligibility Is Based On

• Family Size
• Family Income
• Enrollment
• Academic Standing

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You Could Receive

• Grants
• Free money awarded to exceptionally needy
  students.
• Scholarships
• LCC Divisional Foundation Scholarships
• Range from hundreds to thousands of dollars/yr.
• Applications online at www.lcc.edu/scholarships
• Womens Resource Center Awards
• Child Care, Books, Tuition
• Applications in the Counseling and Advising Center

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You Could Also Receive

• Loans
• Federal Student Loans
• 5,500 to 10,500 yr some are interest free
  while enrolled.
• No payments while in school
• Federal Parent Loans
• Can borrow up to the full cost of attendance
• Work Study
• Work on campus
• Earn a paycheck to help with your expenses
• Go to the College Employment Office to apply for
  jobs

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Other Types of Aid

• Michigan Promise Scholarship
• Based on High School MEAP test
• Certify online www.michigan.gov/mistudentaid
• Tuition Incentive Program
• Ages 18-21, High School Diploma or GED
• Based on Medicare eligibility
• Michigan Indian Tuition Waiver
• ¼ Native American Blood Quantum
• Michigan Residency
• Veterans Benefits
• See the LCC Veterans Officials in our Admission
  Office

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Academic Standing Is Important!

• Maintain a cumulative 2.0 gpa
• Complete at least 70 of all courses attempted
• Do not exceed 150 of the credits needed to
  complete your program of study
• Be careful, if you drop a class, you might have
  to immediately repay your financial aid.

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We Will Help You Complete The FAFSA

• We host File Your FAFSA Fridays, the first Friday
  of every month
• Or, stop by our office in the Gannon Building on
  the Main Campus
• Go to the Enrollment Services STARLAB
• Monday Thursday 9am 530pm
• Friday 9am 330pm

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Student Follow Up

• About 30 of all financial aid applications
  (FAFSAs) are selected for a manual review called
  Verification.
• You may have to submit a form and federal tax
  returns to our office to verify your eligibility.
• Also, log-on to Banner in Starport at www.lcc.edu
  to view your status and accept awards.

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Financial Aid Pays Your Tuition

• All Financial aid is routed through the college
  to first pay tuition and fees.
• If there is extra financial aid left over, we
  will mail you a refund check at the start of the
  semester use this money to buy books and
  supplies.
• Keep your address updated with the College.

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You Could Enroll in a Payment Plan

• You can sign up for LCCs Payment Plan.
• Enroll online through Starport at www.lcc.edu for
  the FACTS Tuition Management Plan.
• Payments are auto-deducted from a bank account or
  charged to a credit card.
• See the Schedule Book for Payment Plan Schedules.
  (pg 8 in the Fall 2008 book)

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In Conclusion

• Complete the FAFSA online, even for student
  loans.
• Come to our office for assistance in filing.
• View award requirements and awards online in
  Banner through Starport
• Please contact us with any questions.
• Customer Service 517-483-1200
• Financial Aid Advisors 517-483-1263