Lake Land College

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Financial Aid Eligibility Student Financial Aid - Lake Land College, Mattoon Illinois Financial Aid and Veterans Services

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:

  • Be accepted and enrolled as a regular student pursuing an associate degree or eligible certificate. Certificate programs of less than 16 credit hours are not eligible.
  • Have completed a high school diploma or GED;
  • Demonstrate financial need as determined by the Financial Aid Office.

A student must also:

Be a U.S. Citizen or eligible non-citizen;
Maintain satisfactory academic progress;
Not be in default on any education loan;
Be registered with Selective Service if a male over the age of 18;
Have no convictions for the sale or possession of illegal drugs (depends upon the date of conviction); and
Not receive financial aid at more than one school for the same period of time.

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?

Cost of Attendance (Budget)  - Expected Family Contribution  = Financial Need

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:

Credit Hours Enrollment Status
0 - 5.5 Less than half-time
6 - 8.5 Half-time
9-11.5 Three-quarter time
12+ Full-time


*Note: Financial aid offered by Lake Land College cannot be transferred to any other school

2012 Summer Request Form
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Announcements
2014-15 FAFSA Available NOW!

Complete or renew your FAFSA for Fall 2014. Funds are limited, so don't delay, APPLY TODAY!

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.

Important Dates

1/1/14 - 14/15 FAFSA Available

1/13/14 - Spring Semester Begins

2/7/14 - Pell Refunds of Credit Issued

2/21/14 - Loan Refunds of Credit Issued

3/7/14 - Bills Due in Full

5/2/14 - Final Day to Request Spring Loan

5/12/14 - Spring Semester Ends

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