Financial Aid

I have my Award Letter...what does it mean?

How do I accept my financial aid award(s)?

  • Log onto WarriorWeb.
  • Print the Award Letter Checklist and use it as a guide.
  • Your Award Letter needs to be submitted to the Financial Aid Office within two weeks.
  • You cannot accept your financial aid electronically.

What is the Cost of Attendance (COA)?

  • The COA or budget is an estimate of how much it costs for one academic year (9 months).
  • The COA includes tuition and fees, room and board, transportation, books and supplies, and personal expenses.
  • The COA is an estimate. Your individual costs may be different.
  • The COA is NOT the amount you owe the school for the academic year.
  • The COA is used to determine your maximum award package.

What are the Direct Costs included in my Cost of Attendance?

  • tuition and fees
  • Student Health Insurance Plan (SHIP)
  • on-campus room and board
  • These are items you pay directly to LCSC.
  • Full-time 2014-2015 costs are:
  Fall Spring
Tuition and Fees* 2950 2950
SHIP (Student)** 1135 1589
On-campus room and board (average)*** 3285 3285

*Does not include course, lab, extended programs or overload fees.

**Adding spouse or dependent coverage increase this total.

***Your Student Account Statement will reflect actual charges.

If you are an Out-of-State or Asotin County, Washington resident, you pay tuition costs in addition to in-state tuition. These are included in Direct Costs and are shown below:

  Fall Spring
Asotin County 1616 1616
Out-of-State fees 5259 5259
  • The LCSC Financial Aid Office uses average costs, instead of actual costs, for students in similar situations.
  • Actual Direct Costs will be viewable on your Student Account Statement starting in July (for Fall Semester) or December (for Spring Semester).

What are the Indirect Costs included in my Cost of Attendance?

  • books and supplies
  • transportation
  • personal expenses
  • off-campus room and board
  • Are costs incurred while attending LCSC, but are not paid to LCSC.
  • Personal indirect costs may vary.
  • Full-Time 2014-2015 estimated costs are:
Fall Spring
Books and Supplies 816 816
Personal Expenses 250 250
Off-Campus Room and Board (average) 3285 3285
Transportation 726 726

What if I'm not attending full-time, does my Cost of Attendance change?

  • Yes, the Cost of Attendance will change.
  • The Cost of Attendance is driven by your enrollment status.
  • Attending at different enrollment levels will incur different costs and your Cost of Attendance will change accordingly.
    • For example, we assume that if you are attending half-time, you are not coming to campus every day. Therefore the Transportation component of the Cost of Attendance is a reduced amount for half-time students.
  • Because your Cost of Attendance changes with your enrollment level, your financial aid package may also change.

What can I do if my Cost of Attendance doesn't accurately reflect my actual costs?

  • Sometimes you may incur costs beyond what we've budgeted for in the Cost of Attendance.
    • For example, if you are commuting every day from out of town you could conceivably exceed the Transportation component of the Cost of Attendance.
  • You may request a Cost of Attendance adjustment by submitting a letter of request and appropriate documentation to the Financial Aid Office.
  • An increase my allow for additional loan borrowing capacity.

What is the Expected Family Contribution (EFC)?

  • The EFC is the amount calculated from your FAFSA that you and your family should be able to contribute to your education.
  • The EFC is NOT the amount you owe the school for the academic year.

What is Remaining Need?

  • Defined as Cost of Attendance (COA) minus Expected Family Contribution (EFC) in the federal aid regulations.
  • Also called Financial Need or simply Need.
  • Awards that require you to demonstrate financial need include:
    • Pell Grant
    • Work-Study
    • Federal Direct Subsidized Loan
    • Nursing Loan
    • Perkins Loan
    • Supplemental Education Opportunity Grant (SEOG)
    • Certain Scholarships

What is a Pell Grant?

  • A Pell Grant is an entitlement from the government for undergraduate students.
  • Eligible students have a low EFC.
  • A Pell Grant will not cover your full cost of attendance nor your tuition and fees.
  • A Pell Grant does not have to be repaid.

What is a Federal Direct Subsidized Loan?

  • A federal loan that the government pays the interest while you are in school.
  • The current interest rate for 2014-15 is 4.66%.
  • Repayment begins 6 months after you are no longer enrolled at least half-time (6 credits).
  • For more information go to www.studentloans.gov.

What is a Federal Direct Unsubsidized Loan?

  • A federal loan that you are responsible for paying the interest on after funds are disbursed and while in school.
  • The current interest rate for 2014-15 is 4.66%
  • You can defer your interest payments while you are in school.
  • Repayment begins 6 months after you are no longer enrolled at least half-time (6 credits).
  • For more information go to www.studentloans.gov.

What is work-study? How can I get work-study?

  • Work-study is part-time employment on campus.
  • You generally earn Idaho minimum wage and can work up to 20 hours per week.
  • Work-study is awarded on a first-come, first-serve basis starting with students who submitted a FAFSA by the March 1 Priority Deadline.
  • If you were not initially awarded, you can submit a Work-Study Request Form located at http://www.lcsc.edu/financialaid/financial-aid-forms/.
  • The Work-Study Request Form will place you on a wait-list.

What if my enrollment status is different than my Award Letter states?

Financial Aid Freddie is a drawing of a mascot frog (1)