Understanding Financial Aid
It all starts with the FREE application for Federal Student Aid (FAFSA).
When should you complete your FAFSA?
What forms do I need to complete to apply for Financial Aid?
Complete the Free Application for Federal Student Aid (FAFSA) online. LCC will request additional information/forms at a later date if required. You can check the status of additional information by visiting WebADVISOR.
How often do I apply?
The FAFSA is valid for one year only, so it is necessary to reapply each year.
Do I need to be admitted before I can apply for Financial Aid?
No. You can apply for financial aid any time after January 1. However, you must have completed the entire Admissions Process (including high school transcripts, GED scores, previously attended college/university transcripts, SAT Scores/placement test scores) and be admitted into an eligible program before LCC will notify you of your aid eligibility.
How do I prepare for college and find out if I qualify for aid. How do I apply for Financial Aid?
For the answers to these questions and more, visit Federal Student Aid, An Office of the U.S. Department of Education.
Is it best to wait until income tax forms have been completed before submitting FAFSA?
No. It is permissible to use estimates of your income tax data when you complete your FAFSA as long as they aren’t far off from actual values. However, before you can receive financial aid, you must have completed your current year federal tax return. The Financial Aid Office will correct your figures and resubmit your application for corrections.
What is the FAFSA school code for Lenoir Community College?
What is the deadline to apply for Financial Aid?
The Federal Processor recommends that you submit your FAFSA prior to March 15. Lenoir Community College’s deadline is June 1. The earlier you apply, the earlier we will be able to notify you of your financial aid eligibility.
I probably don’t qualify for Financial Aid. Should I apply anyway?
Yes. Many families mistakenly think they don’t qualify for aid. There is no good excuse for not applying. Additionally, there are a few sources of aid, such as state grants, scholarships, and private alternative loans that maybe available.
What is the maximum family income cutoff for Financial Aid eligibility?
There is no specific cutoff. Each family’s financial situation is different.
What factors are considered in determining financial need?
Several variables, such as family size, number of family members in college, age of older parent, and income and asset information are included in the calculation of a student’s financial need.
What if my family’s circumstance change after I submit the FAFSA?
If your situation changes because of unusual circumstances after submitting the FAFSA, contact the Office of Financial Aid. We may request you submit an appeal with appropriate supporting documentation for review.
Can part-time students receive Financial Aid?
Yes. Eligible students who are ¾ time (9-11 credits), ½ time (6-8 credits), and less than ½ time (1-5 credits) can receive the federal Pell grant, state aid, and scholarships.
How do I apply for an LCC Scholarship?
Visit the Foundation Scholarships page to apply online. Applications are also available in the Foundation Office and the Financial Aid Office.
I received an outside scholarship, should I report it to the Office of Financial Aid?
Yes. It may be necessary to reduce your financial aid if an outside scholarship arrives after our aid offer.
What will happen to my Financial Aid award if I drop a course or withdraw from LCC?
If your tuition is adjusted because you drop a course, it may be necessary to reduce your financial aid. If you totally withdraw from LCC during the first 60% of the semester, your financial aid will be reduced and you may owe LCC and/or the U.S. Department of Education an overpayment. Dropping courses and withdrawing are academic actions that might seriously affect your future aid eligibility because of failure to maintain satisfactory academic progress. It is your responsibility to fully understand the implications of such decisions.
Check Your Status
Students who have filled out the FAFSA can check to see the status of their financial aid by logging in to their WebADVISOR account.
Cost of Attendance
Estimated cost of attendance (full-time student expense budgets)
If you are taking course(s) that start according to the check disbursement schedule, you may receive multiple Financial Aid disbursements.
Net Price Calculator
Price of attendance and financial aid availability change year to year.
IRS Data Retrieval
View instructions for using the IRS Data Retrieval Tool.
FREE Book Download “Filing the FAFSA” (no personal information is required)
Written by student financial aid experts, Mark Kantrowitz and David Levy, this book provides a step-by-step guide to completing the Free Application for Federal Student Aid, with extensive tips and advice about avoiding common errors, maximizing the amount of aid eligibility and dealing with special circumstances. Filing the FAFSA is designed to help students and their families complete the 2015-2015 FAFSA quickly, easily and accurately.
For more information please contact:
Office of Financial Aid
Administration (Building 3), Room 207
Phone: (252) 527-6223, ext. 371
Fax: (252) 233-6896