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Click here to apply for Federal Financial Aid
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Office
Financial Aid -->
Information for
Student Loan Borrowers
Grant Eligibility:
Before borrowing,
check your eligibility with the Financial Aid Office regarding the
following grants:
Leveraging
Educational Assistance Partnership Program (LEAPP)
Formerly the
State Student Incentive Grant, Leveraging Educational Assistance
Partnership Program (LEAPP) is funded by the Idaho State Board of
Education. Priority is given to students receiving Pell Grants and who
have the lowest EFCs. Awards vary depending on availability of
funding and your demonstrated financial need. The LEAPP award is
a grant that does not have to be repaid.
Federal
Supplemental Educational Opportunity Grants (SEOG)
A Federal
Supplemental Education Opportunity Grant is awarded to students who
demonstrate exceptional need. Priority is given to students
receiving Pell Grants and who have the lowest EFCs. Awards vary
depending on availability of funds and your financial need. The
SEOG is a grant that does not have to be repaid.
Loan Information:
All Student Loan
Borrowers need to review the following information at
www.studentloans.gov:
| 1. |
Your Rights and
responsibilities. |
| 2. |
Entrance counseling requirements** - Entrance
counseling is required prior to the disbursement of any loan
funds for a first-time borrower. |
| 3. |
Exit Counseling requirements** - Exit counseling is
required prior to when the borrower ceases at least half-time
attendance. |
| 4. |
Frequently asked
questions regarding federal loans can be reviewed at
http://federalstudentaid.ed.gov/federalaidfirst/. |
**Perkins
entrance and exit counseling is performed in the LCSC Controller’s
Office.
National Student Loan Data System
(NSLDS):
All information
pertaining to a Title IV loan will be submitted to the National
Student Loan Data System (NSLDS), whether the borrower is a student or
parent. NSLDS will be
accessible by guaranty agencies, lenders, and institutions determined
to be authorized users of the data system. Students and parents may
obtain access to this website at
www.nslds.ed.gov to track individual loans.
Private Educational Loans:
Before
considering private funding, you should apply for federal loans.
If you choose to seek private funding, you might want to look
into borrowing from a bank, credit union or other lending institution.
These loans are similar to government sponsored loans, but will
often require credit checks and/or a creditworthy co-signor.
You will need to
contact the lending institution directly in order to obtain any
additional information and to apply for a Private Education Loan.
Once you have completed an application with your selected
lender, a loan certification will be sent to the Lewis-Clark State College
Financial Aid Office. A
Self-Certification Form will be provided to the student upon request
from the LCSC Financial Aid Office.
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