Financial Aid Eligibility

To be eligible for Title IV financial aid programs at Lake Land College a student must:

1. Be accepted and enrolled in a Title IV eligible degree or
certificate program at Lake Land College. Certificate programs of less than 16 credit hours are not eligible;

2. Be in attendance at Lake Land College for the purpose of
obtaining an associate degree or eligible certificate;

3. File a Free Application for Federal Student Aid (FAFSA).
A FAFSA form may be secured from your local high school guidance counselor or the College Financial Aid Office;

4. Complete a Lake Land College Financial Aid Information Form, available from your high school counselor or the College Financial Aid Office;

5. If requested, forward to the Financial Aid Office signed copies of your and if dependent, your parents' federal and state income tax forms;

6. If you are filing as a dependent student, complete the financial aid application forms with your parents. Both the student and the parents are expected to understand the forms and accept responsibility for the information reported on them;

7. File a Statement of Educational Purpose and Selective Service Registration Status. This is part of the Federal Pell
Grant awarding process;

8. Maintain Satisfactory Academic Progress as established for financial aid applicants/recipients, and;

9. Demonstrate financial need.
To determine the financial need factor, a Lake Land applicant completes the Free Application for Federal Student Aid (FAFSA). Financial need is considered to be the difference between one academic year's educational expenses (tuition, books, fees, room and board, personal and transportation expenses) and the student's resources (expected family contribution for the same period). All students and their families are encouraged to apply early for financial aid and with accuracy.

Note: Financial Aid for Part-Time Students
Financial aid is available for part-time students attending Lake Land College. This could be especially beneficial to returning adult students who often enroll in classes one or two evenings a week. Unmarried heads of household with low income are encouraged to apply. However, due to limited federal funding, the awarding of Title IV "campus-based" financial aid is prioritized along the following enrollment categories: First priority, full-time and part-time students; Second priority, less than half-time students.

Note: Selective Service Registration Status
Under Title IV of the Higher Education Act of 1965 as amended, any person required to register with Selective Service who fails to do so is ineligible for federal financial aid. This requirement is also in effect for state subsidized financial aid programs such as the Illinois Monetary Award Program (MAP) and the Illinois Incentive for Access (IIA) Program.

Those persons not required to register with Selective Service must, nevertheless, state why they do not have to be registered. These persons include females, persons born before 1960, armed services personnel on active duty, persons under age 18, and certain other persons as designated by the U.S. Government.