Financial Aid Office -->
Need-Based Aid is the difference between the cost of one year at LCSC and
the amount we believe you and your family can contribute to your education. How do we
determine that? By assessing the information you submit on the
Free Application for Federal Student Aid
Your parents' financial situation and the amount you and your parents would be expected to
contribute to your education are reviewed annually. The size of your family and the number
of family members in college are also factors in the calculation. Your family's
contribution isn't necessarily expected to come from monthly cash flow. For many families,
contributions are financed over time.
After we have determined your level of financial need, we will provide a financial aid
package that might include all or some of the following forms of aid: grants,
scholarships, loans and
work-study on campus.
Calculating Your Need
Eligibility for Need-Based Aid is based on each family's unique financial circumstances.
To calculate this need, the federal government has developed a uniform calculation to
determine how much each family is expected to contribute towards educational costs.
This is the Expected Family Contribution (EFC) number determined by FAFSA.
The Financial Aid Office will then determine your financial aid eligibility by subtracting
your Expected Family Contribution from the Cost of Education. If anything is left
over, you are considered to demonstrate need. The Financial Aid Office will then
determine your financial aid award based on your need, up to your cost of attendance.
||Cost of Attendance
To get a rough estimate of your family's EFC use an
EFC Calculator. Subtract this number from the
Cost of Attendance at LCSC and you should get a ballpark figure of your financial need.