|Financial Aid Disbursements - |
Monday, February 1
the last day to add a class and use Pell Grant funding for that class – even if it is a late-start class.
Monday, February 8
last day to use Financial Aid funds in the Bookstore – get ALL of your books now.
Monday, February 15
The Financial Services Center will begin processing refund checks.
PLEASE allow 7 business days for receipt of checks.
To calculate the amount of your refund:
Click here for instructions
Remember – you must be enrolled and attending at least six credit hours at the time of loan disbursement to receive funds!
Pell Grants will be released in one disbursement, but William D. Ford Federal Direct Loans will now be disbursed in two payments during each term. The payments will be based on commencement of attendance and the midterm grades. For full term classes, the disbursements will occur about the fifth and tenth week of fall and spring semesters. At the first disbursement, students must commence attendance and be currently enrolled in a minimum of six credit hours. To receive the second loan disbursement, students must be currently enrolled and actively pursuing course completion in a minimum of six credit hours.
Processing of refunds will begin the fifth week of the term and checks will be generated later that week.
|Apply for a Student Loan|
Apply online for a Federal Direct Student Loan.
Click here to learn how.
|Financial Literacy Workshop|
Students with "FA Workshop" listed on their MyCampus To Do list are required to attend.
Students who want to learn more about Money Management are also encouraged to attend.
Click here to register or to learn more.
|Online Resources for Financial Aid Information |
Click here to download
Viewing Your Financial Aid
Information about your 2014-2015 FAFSA and Federal financial Aid is available to you through your MyCampus account!
Click here for details and instructions
|Calculating Pell Grant Lifetime Eligibility Used|
The amount of Federal Pell Grant funds a student may receive over his or her lifetime is limited by a new federal law to be the equivalent of six years of Pell Grant funding.
|American Opportunity Credit for College Expenses|
The American Opportunity Tax Credit (AOTC) was originally included in the American Recovery and Reinvestment Act and was recently extended for two years as part of the Unemployment Insurance Reauthorization and Job Creation Act of 2010.
The AOTC provides a maximum tax credit of $2,500 for qualified tuition and related expenses for the first four years of post-secondary education. Qualified expenses include tuition, fees, and required textbooks and course supplies not covered by grants, scholarships, or assistance provided by an employer.
This partially refundable tax credit, which replaced and expanded the HOPE tuition credit, is helping to make college more affordable for millions of middle-class families.
|New Federal Direct Loan Process|
With the Federal Direct Loan Program, students borrow directly from the federal government through Lorain County Community College. This includes the:
- Federal Subsidized Stafford Loan
- Federal Unsubsidized Stafford Loan
- Parental Loan to Undergraduate Students (PLUS)
Click here for details
Complete the Free Application for Federal Student Aid (FAFSA) by June 1 each year the priority filing date. This is your first step in the financial aid process, and determines your eligibility for the Pell Grant, Federal Work Study and Stafford Loans.
The U.S. Department of Education has created a video with tips for completing your FAFSA.
Click here to view video.
Be sure to check out
Click to learn more
LCCC Financial Services Center
The Lorain County Community College Financial Services Center is a one-stop location where students can apply for financial aid including grants, loans and scholarships and make arrangements to pay their student account via the payment plan, credit card, or cash payment. The Financial Services Center is dedicated to assisting students in finding a way to pay for college.
8:30 a.m. to 7:30 p.m.
Tuesday, Wednesday, Friday
8:30 a.m. to 5 p.m.
Computers are available for student use in applying for the Free Application for Federal Student Aid (FAFSA) and online entrance loan counseling. Staff members are available for assistance with these online applications during office hours.
Federal Requirement Alert
Due to changes in federal requirements the Financial Services Center must now collect additional information and documentation from some students. All requests will be shown on your “To Do” list. It remains very important that you continue to check your MyCampus and LCCC email accounts for information and instructions.
Student employment is an important source of financial assistance. The employment program has assisted many students in defraying their educational costs and in gaining work experience.
Click here to learn more.
Grants are free dollars given to college students by the U.S. Department of Education or the State of Ohio and are awarded on the basis of financial need. LCCC participates in both the Federal Pell Grant and Federal Supplemental Educational Opportunity Grant programs. The application used to determine student's financial need and grant eligibility is the Free Application for Federal Student Aid (FAFSA). This single application determines eligibility for all federal financial aid including the Federal Pell Grant, Federal Supplemental Educational Opportunity Grant (FSEOG), Federal Work Study and the Direct Student Loan Program. Therefore, all students who plan to attend LCCC and wish to apply for financial aid should complete the FAFSA on the Web at http://www.fafsa.ed.gov/. FAFSA on the Web Worksheets are available in the Financial Services Center.
Financial Aid Forms
Charging Textbooks with Your Financial Aid Payments
If you would like to use your financial aid for books and other non-tuition expenses, you will need to “grant permission” in MyCampus and complete any other items that are outstanding in your checklist.
Click here for details
If the Bookstore staff is unable to see your financial aid, the Financial Services Center staff (located on the first floor of the Bass Library/Community Resource Center) will write students paper book slips to charge their textbooks to their available financial aid. We appreciate your patience and understanding as we are working hard to transition to our new system.
Remember you must purchase all required books before purchasing electronic devices such as laptops, PC’s, iPads, etc. Students are limited to only one electronic device per academic year.
Attention Part-Time Students!
Financial assistance is available to you in the forms of federal grants, loans and scholarships. See the Financial Aid Office to determine eligibility or find information on the following programs available to part-time students: Federal Pell Grant, Federal Family Education Loan Program (Stafford and PLUS Loans), LCCC Trustee Scholarship, LCCC Presidential Scholarship and LCCC Incentive Award for Non-traditional Students.
Many Lorain County employers offer tuition reimbursement programs to their employees, meaning the employer pays for college coursework. To find out more, please check with your employer.
Learn about how academic withdrawal can impact you, both academically and financially.
Click here for brochure.