Applying for financial aid can be a daunting task. Let us help make your education affordable, the following information can be your guide
This is a free process. Do not delay: Act now to save yourself undo concerns as fall approaches.
Steps to apply for Financial Aid
- Complete FAFSA (Free Application for Federal Student Aid)
FAFSA Application (College Federal Code Number: 007555)
Types of Financial Aid
Federal Pell Grant
- Pell Grants provide grant assistance ranging from $700 to $7395 per year and are determined by formulas and federal appropriations approved annually by Congress. The application for the Federal Pell Grant is the FAFSA.
SEOG – Supplemental Educational Opportunity Grant
- This is a federal grant awarded to students with exceptional demonstrated need. Amounts generally range from $500 to $2,000 per year.
Federal Direct Loan Program
- Requirements: A student must be enrolled in a minimum of six (6) credits to be eligible for these programs. The amount a student may borrow may not exceed the cost of attendance minus other assistance (or, for subsidized loans, other assistance plus the EFC). All students must complete a Master Promissory Note. First time borrowers must also complete loan entrance counseling
Federal Work Study Program
The federal work study program provides jobs for students who have demonstrated financial need by filing the Federal Application for Federal Student Aid (FAFSA). College Work-Study Program encourages the part-time employment of undergraduate students who need the income to help pay for their cost of education and encourages FWS recipients to participate in community service activities. To be eligible for a Federal Work-Study job, a student must meet all eligibility requirements. In addition, a student must have financial need.
Earnings from the federal work study program, although taxable, are excluded from the student’s income for purposes of applying for financial aid for the next year.
Additional Documentation
The following forms may be requested by the Financial Aid Office ONLY when you are selected for “verification”.
Dependent Student
If you (and/or your parent(s)) filed or will file a Federal Income Tax Return for 2021, update your FAFSA by using the IRS data retrieval tool and/or attach a copy of your and your parent(s) 2021 Federal Tax transcript. You can obtain a free Federal Tax transcript on the IRS website or by calling 1-800-908-9946.
Independent Student
If you (and/or your spouse) filed or will file a Federal Income Tax Return for 2021, update your FAFSA by using the IRS data retrieval tool and/or attach a copy of your (and your spouse’s) 2021 Federal Tax transcript. You can obtain a free Federal Tax transcript on the IRS website or by calling 1-800-908-9946.
Once all required forms are received and reviewed the Financial Aid Office will contact you with a financial aid offer.
Please note that bills are due 14 days prior to the start of the term. All Financial Aid must be in place at that time.
Why work on campus?
Research shows that students who work while attending college generally have:
- Higher Grades
- Graduate Faster
- Find Jobs More Easily After Graduation
Work study also helps students make connections that will get them through to graduation in a more successful and positive manner.
If you are interested in workstudy contact the financial aid office to see if you qualify and for a list of open positions.
One Stop/Financial Aid
Regular Hours:
Monday: 8:00am – 4:00pm
Tuesday: 8:00am – 4:00pm
Wednesday: 8:00am – 4:00pm
Thursday: 8:00am– 4:00pm
Friday: 8:00am – 4:00pm
[email protected]
603-366-5220
![](https://www.lrcc.edu/wp-content/uploads/2020/07/ReOpening-Phase-3-Photo-794x1024.jpeg)