START BY FILLING OUT THE FAFSA
Millions of students each year turn to the Federal Government for loan or grant assistance The first step for every student seeking financial aid is to create an FSA ID and then fill out the application, otherwise known as the FAFSA® . The form is free to submit and used by U.S. citizens and eligible non-citizens to apply for federal, state, and college-sponsored financial aid, including grants, work-study, and loans. It must be completed annually for every year of college.
To fill out the FAFSA visit Studentaid.gov
Lakeshore College’s School Code is 009194
WHAT HAPPENS NEXT?
Once you fill out the FAFSA (and indicate Lakeshore’s School Code 009194 on the application), you’ll receive an email from our
Financial Aid Department notifying you of your eligibility for loans, grants, or workstudy programs FAFSA payments are mailed directly to the Financial Aid Department and will be credited to your account. If you have questions or would like to meet with a financial aid specialist, please contact:
FinancialAid@lakeshore.edu 920.693.1718 lakeshore.edu/paying-for-college
Be sure to have your Social Security Number and 2024 Federal Income Tax information available.
Apply as soon as possible to maximize your aid eligibility.
One FAFSA application covers State and Federal awards.
Never pay to fill-out the FAFSAthe application process is free.
You must be accepted into a financial aid eligible program to receive aid.
Financial aid payments are sent directly to Lakeshore College and applied t
LOANS, PELL GRANTS, AND WORK-STUDY PROGRAMS
Deciding how to pay for college is
PELL GRANTS
A Pell Grant is a type of financial aid you don’t
have to pay back (as long as you meet the requirements).
Grants are funded by the U S Department of
Education not Lakeshore College
Usually awarded to undergraduate students
with significant financial need
The amount depends on factors like your income and enrollment status
LOANS
Student loans are borrowed money that you must
repay, usually with interest, starting six months
after you graduate or leave school
Can come from the federal government (like
Direct Loans) or private lenders.
Available to a wider range of students, not just those with financial need.
You typically repay loans in installnents after leaving school (though interest may build while you're studying).
Work-Study Programs allow you to work on campus while minimizing loan amounts.
An independent student (over the age of 24 not married and has no children)
with an Adjusted Gross Income (AGI) of $35,000/year could receive $1,105.00 with full-time enrollment
An independent student (over the age of 24 and married with one child) and an AGI of $94,000/year could receive $1463 00/year with full-time enrollment
A dependent student (single parent
with three children) and an AGI of $52,000/year could receive
$3698.00/year with full-time enrollment.
A dependent student (married parents
with two children) and an AGI of $60,000/year could receive
$1849.00/year with half-time enrollment
A dependent student (married parents
with two children) and an AGI of $78,000/year could receive
$370 00/year with full-time enrollment
DID YOU KNOW?
With a Direct Subsidized Loan, the government covers the interest that accrues while you are enrolled at least half-time In a Direct Unsubsidized Loan, interest accrues immediately
WORK-STUDY PROGRAMS WHERE CAN I VIEW MY FINANCIAL AID INFORMATION?
Hourly wage is $14 95/hour
You can work when it’s convenient around
your academic schedule
Earn up to the amount of your awards
Gain experience while paying for college
Go to MyLakeshore app and click on the My LTC Student Portal to view your awards and loans
