Financial Aid Eligibility
Who is eligible?
To be eligible to receive financial aid at Lake Land College, a student must be enrolled at LLC and meet the following requirements:
A student must also:
See your rights and responsibilities
How do I know if I will qualify for financial aid?
Financial aid eligibility is based on financial need. There is no income cutoff or other simple method of determining whether you will qualify for need-based financial aid or "free" money. However, you can estimate your eligibility by using the FAFSA4caster.
How is my financial need determined?
Your financial need determines the maximum amount of need-based financial aid (grants, subsidized loan) you can receive. Non-need based loans (unsubsidized loan, PLUS loan) may be used to replace the Expected Family Contribution. After your need has been calculated, your award package is determined and may include a combination of tuition waivers, scholarships, grants, work-study, and/or loans.
How much am I eligible to receive?
The amount of need-based and/or non-need based aid will depend on your financial need, as well as other factors, such as the availability of funds, award limits, and award requirements.
Once your eligibility for aid is determined, you will receive a financial aid award letter from Lake Land College, which will include the awards and amounts for which you qualify. These awards are based on full-time enrollment. You can receive financial aid for less than full-time; however, the award amounts will be pro-rated based on actual enrollment.
Enrollment status for the Fall, Spring, and Summer semesters is defined as follows:
*Note: Financial aid offered by Lake Land College cannot be transferred to any other school
2015-16 FAFSA Available January 1
Submit your 2015-16 FAFSA at www.fafsa.gov on or soon after January 1 in order to maximize financial aid eligibility for 2015-16 school year, which begins with the Fall 2015 term.
Financial Aid on LLC Hub/IRIS
You can now check the status of your FAFSA application and documents on the Hub/IRIS. Simply log in, and click on Financial Aid "Status and Documents". Awards can also be viewed there.
Check Your Lake Land E-mail!
Important financial aid updates and information is being sent via LLC e-mail. Be sure to check it regularly!
Get Your Refund Faster!
Sign up for Direct Deposit! Log on to IRIS, click on Student Refunds-Bank Info, and enter your info.
1/1/15 - 2015-16 FAFSA Available
1/12/15 - Spring Semester Begins
2/6/15 - Pell Refunds of Credit Issued
2/20/15 - Loan Refunds of Credit Issued
3/6/15 - Spring Bills Due in Full
5/1/15 - Final Day to Request Spring Loan
5/11/15 - Spring Semester Ends