Financial Aid

I accepted my financial aid...now what?

Is there other paperwork I need to complete?

  • Be sure you submit a Conditions of Award every academic year with the Award Letter.
  • If you received a scholarship, be sure to submit the Contract and Thank You Note (if applicable).
  • Be sure you are registered for the number of credits for which you were awarded. This information is provided on your Award Letter.
  • If you were selected for Verification, go to I was selected for Verification...what do I need?

 

When and how do I pay my fees?

  • Fees are due by the 5th day of classes.
  • Fee payments are made at the Cashier's Window, in the Controller's Office or on WarriorWeb.
  • Payment Plan applications are available in the Student Accounts Office.
  • Your financial aid will assist in offsetting your educational expenses.
  • The first financial aid transmittal is done 10 days prior to the term.
  • Once enrollment is confirmed, subsequent financial aid transmittals are done.
  • If your financial aid has not transmitted, see Why is my financial aid not on my student account?

 

When and how will I receive my financial aid?

  • The first financial aid transmittal is done 10 days prior to the term.
  • Your first residual check/deposit will be limited to the amount of your residual disbursement or $2,500, whichever is less.
  • Your remaining residual funds will be disbursed after your enrollment is confirmed.
  • Your first residual check/deposit will be available the Friday before the term starts based on completion of the Confirmation of Return/Intent to attend.
  • If you did not receive a disbursement prior to semester starting, enrollment must be confirmed in every class before funds will transmit.
  • If you did receive a disbursement prior to semester starting and your enrollment is not verified, your financial aid will be reduced.
  • Your can verify which professors have confirmed your enrollment under Grades/Attendance on WarriorWeb.

How do I receive a student loan?

  • Be sure to accept your student loan eligibility on your Award Letter.
  • All first-time borrowers must complete Entrance Counseling and a Loan Agreement (MPN) prior to loan disbursement at https://studentloans.gov
  • If you have not had a Direct Loan within the last 5 years, you will need to complete a Loan Agreement (MPN).
  • If you are a first-time borrower and first-time freshman, you will have a 30-day hold on the first disbursement of your federal loans.
  • If you are attending only one semester, you will receive half of your loans at the beginning of the semester and the other half at midpoint.

I rejected my student loan but now I need it to pay my fees, can I still accept it?

  • Your loan is available throughout the academic year if you have not met or exceeded your Cost of Attendance/budget, and have matintained Satisfactory Academic Progress.
  • Your will need to submit a Loan Request Form to the Financial Aid Office. This form is located at www.lcsc.edu/financialaid/financial-aid-forms
  • All first-time borrowers must complete Entrance Counseling and a Loan Agreement (MPN) prior to loan disbursement at https://studentloans.gov
  • If you have not had a Direct Loan within the last 5 years, you will need to complete a Loan Agreement (MPN).

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