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Financial Aid

Steps in the Financial Aid Process

Step 1: Apply for Financial Aid

NEW: Effective May 10, 2015, the FAFSA PIN is replaced with an FSA ID username and password.  Students and parents may create an FSA ID on any of the Federal Student Aid websites, including www.fafsa.gov.  For help, visit StudentAid.gov/fsaid.

Go to www.fafsa.gov. Insert LCC’s school code: 001355. For help, contact our Equal Opportunity Center at (719)336-1590. When you complete your financial aid application, you should have certain records on hand. You’ll need to refer to:

  • Your tax return
  • Your parents’ tax return (if you apply as a dependent student).
  • Your spouse’s tax return (if you are married and your spouse filed a separate return).

The 2014 U.S. Income Tax Return is the most important record you will need to complete the 2015-16 FAFSA, since you must use specific numbers from specific lines on the tax return to fill out your application.

Aid from most of the federal student aid programs – except for Unsubsidized and PLUS loans – is awarded on the basis of need. The primary responsibility for meeting college costs rests with the family and the student. The amount of financial aid that you will be eligible to receive is based upon your financial need as determined by a federally approved processor. Financial need is the difference between the cost of attending the college of your choice and the resources available to the student. Resources include: parents’ contribution, earnings from employment, spouse’s income, vocational rehabilitation, welfare, etc. The Financial Aid Officer will take the cost of education at LCC and subtract the amount you and your family are expected to pay toward that cost (Expected Family Contribution [EFC]). If there’s anything left over, you’re considered to have financial need.

Students who feel they may need additional resources to fund their educational costs are encouraged to apply for financial assistance. The financial aid staff will make every effort to utilize state, federal, and private resources effectively to meet a student’s documented need.

Student financial aid is awarded after the student has been accepted for enrollment and has completed the financial aid application process. It is strongly recommended that a student applying for the upcoming Fall semester apply and complete all paperwork by April 1.

Apply Online Now »

Step 2: Verification Forms

Some students applying for financial aid are required to submit certain documents for verification. The financial aid office verifies applications selected for verification by the U.S. Department of Education and others that have questionable information. Documents needing to be submitted to the financial aid office include (but are not limited to) the following: tax transcript, parents’ tax transcript, spouse’s tax transcript, W-2 forms, and other forms as requested. LCC can no longer accept copies of federal tax return forms in the verification process but is required to request tax transcripts. Tax transcripts can be obtained from the IRS at www.irs.gov or by calling 800.908.9946. Missing Information Letters will be sent by email to students requesting documentation of items listed on their Student Aid Report (SAR). Only download and complete the verification forms if you have been requested to do so by the LCC Financial Aid Office.

2015-2016 Forms

Dependent Forms

Independent Forms

2014-2015 Forms

Dependent Forms

Independent Forms

Affidavit for Official Identification Documenation »

Step 3: Grants and Scholarships

All grants and most scholarships awarded at LCC require students to complete the FAFSA.

Federal Pell Grant

Lamar Community College administers the Federal Pell Grant Program for qualified undergraduates. The Federal Government establishes the dollar limits on these grants each year. Students must file a FAFSA to be considered for a Federal Pell Grant. Federal Pell Grant, unlike a loan, does not normally have to be paid back. It is the Federal Government’s largest student aid program and is the starting point for most students seeking financial assistance. Award amount is based on:

  • financial need
  • cost of attendance
  • status as a full-time or part-time student
  • amount of the academic year attended.

Students who have received a BS/BA degree are not eligible. Students who enroll at LCC and also at another site within the same term are eligible to receive a Pell award for enrollment at only one site.

Federal Supplemental Educational Opportunity Grant (FSEOG)

2014-15 Lamar Community College FSEOG Packaging Policy

Lamar Community College (LCC) awards Federal Supplemental Educational Opportunity Grant (FSEOG) in financial aid packages according to Federal Student Aid (FSA) guidelines. The following guidelines are utilized in addition to FSA’s guidelines when awarding FSEOG at LCC:

  • Students must file a FAFSA to be considered for FSEOG
  • LCC’s financial aid packaging philosophy is to award students aid in the following order up to the total cost of attendance: 1st-grants (Pell then other grants), 2nd-work study, 3rd-student loans, scholarships as awarded
  • FSEOG is awarded on an as-needed basis to eligible students with a FAFSA EFC of zero
  • FSEOG award amounts may range from $100 to $4000 per student
  • Award amounts are dependent on remaining FSEOG allocation at time of packaging
  • FSEOG may be prorated when disbursed according to enrollment level at disbursement (50% of semester amount for ½-time, 75% for ¾-time, 100% for full-time).

2015-16 Lamar Community College FSEOG Packaging Policy

Lamar Community College (LCC) awards Federal Supplemental Educational Opportunity Grant (FSEOG) in financial aid packages according to Federal Student Aid (FSA) guidelines. The following guidelines are utilized in addition to FSA’s guidelines when awarding FSEOG at LCC:

  •  Students must file a FAFSA to be considered for FSEOG
  • LCC’s financial aid packaging philosophy is to award students aid in the following order up to the total cost of attendance: 1st-grants and Colorado Pride Scholarship (Pell, then other grants, and then Colorado Pride as eligible), 2nd-work study, 3rd-student loans, other scholarships as awarded
  • FSEOG is awarded on an as-needed basis to eligible students with a FAFSA EFC of zero
  • FSEOG award amounts may range from $100 to $4000 per student
  • Award amounts are dependent on remaining FSEOG allocation at time of packaging
  • FSEOG may be prorated when paid according to enrollment level at time of payment (50% of semester amount for ½-time, 75% for ¾-time, 100% for full-time).

Colorado Student Grant (CSG)

2014-15 Lamar Community College Colorado Student Grant Packaging Policy

Lamar Community College (LCC) awards Colorado Student Grant (CSG) in financial aid packages according to the Colorado Department of Higher Education’s (CDHE) Guidelines for Administering State-Funded Assistance Programs. The following guidelines are utilized in addition to CDHE’s guidelines when awarding CSG at LCC:

  • Students must file a FAFSA to be considered for CSG
  • LCC’s financial aid packaging philosophy is to award students aid in the following order up to the total cost of attendance: 1st-grants (Pell then other grants), 2nd-work study, 3rd-student loans, scholarships as awarded
  • All eligible students (under 150% Pell) are awarded the same base CSG amount until the allocation has been exhausted; there is no difference in award amount for grade level
  • The base CSG award amount is $1500 for fall/spring students
  • Base amounts for spring/summer and summer-only students are dependent on remaining CSG allocation at time of packaging
  • CSG is prorated when disbursed according to enrollment level at disbursement (50% of semester amount for ½-time, 75% for ¾-time, 100% for full-time), with the following exceptions: 1) after June 30th of the fiscal year CSG payments are locked according to each student’s enrollment level at that time, and 2) proration is removed as necessary on an individual student basis to assistant in fund management and spending LCC’s CSG allocation.

2015-16 Lamar Community College Colorado Student Grant Packaging Policy

Lamar Community College (LCC) awards Colorado Student Grant (CSG) in financial aid packages according to the Colorado Department of Higher Education’s (CDHE) Guidelines for Administering State-Funded Assistance Programs. The following guidelines are utilized in addition to CDHE’s guidelines when awarding CSG at LCC:

  • Students must file a FAFSA to be considered for CSG
  • LCC’s financial aid packaging philosophy is to award students aid in the following order up to the total cost of attendance: 1st-grants and Colorado Pride Scholarship (Pell, then other grants, and then Colorado Pride as eligible), 2nd-work study, 3rd-student loans, other scholarships as awarded
  • All eligible students (under 150% Pell) are awarded the same base CSG amount until the allocation has been exhausted; there is no difference in award amount for grade level
  • The base CSG award amount is $1600 for fall/spring students
  • Base amounts for spring/summer and summer-only students are dependent on remaining CSG allocation at time of packaging
  • CSG is prorated when paid according to enrollment level at the time of payment (50% of semester amount for ½-time, 75% for ¾-time, 100% for full-time), with the following exceptions:
    • After June 30th of the fiscal year CSG payments are locked according to each student’s enrollment level at that time.
    • Proration is removed as necessary on an individual student basis to assistant in fund management and spending LCC’s CSG allocation.

Colorado Merit

2014-15 Lamar Community College Colorado Merit Packaging Policy

Lamar Community College (LCC) awards Colorado Merit funds in financial aid packages according to the Colorado Department of Higher Education’s (CDHE) Guidelines for Administering State-Funded Assistance Programs.

CCCS “Colorado Student Merit Aid Awarding Procedure” (SP-24a; eff 6/1/14) basic eligibility criteria:

  • Meet all Title IV eligibility requirements and is not currently in default or overpayment status on any Federal Title IV funds;
  • Be enrolled in the college:
  • Be an undergraduate student;
  • Be enrolled at least half-time, and in a Title IV eligible program;
  • Not be concurrently enrolled in high school.
  • New students musthave a high school diploma, have completed homeschooling at the secondary level, or earned a GED with a grade point average of 2.75 or higher or if a GED recipient, a score of 550 or greater.
  • Returning students must have a grade point average of 2.75 or higher and demonstrate academic progress according to the published policy regarding Financial Aid Satisfactory Academic Progress;
  • Transfer students must submit academic transcripts (official or unofficial) from their prior institution that documents a grade point average of 2.75 or higher and demonstrate academic progress according to the published policy regarding Financial Aid Satisfactory Academic Progress for financial aid purposes.
  • GPA is based on college-level coursework. Developmental coursework grades do not count in the calculation of GPA.
  • Developmental coursework may be included in the term enrollment and used to determine the minimum 6 credit hours of enrollment.
  • Other criteria such as community service or exceptional talents (music or art) may be used for consideration, but not the sole consideration.

The following guidelines are utilized in addition to CDHE’s guidelines at LCC when awarding Colorado Merit funds at LCC:

  • LCC’s financial aid packaging philosophy is to award students aid in the following order up to the total cost of attendance: 1st-grants (Pell then other grants), 2nd-work study, 3rd-student loans, scholarships as awarded
  • Merit funds will be manually awarded on an as-needed basis as eligible students are identified. Merit funding will not be auto-awarded.

2015-16 Lamar Community College Colorado Merit Packaging Policy

Lamar Community College (LCC) awards Colorado Merit funds in financial aid packages according to the Colorado Department of Higher Education’s (CDHE) Guidelines for Administering State-Funded Assistance Programs.

CCCS “Colorado Student Merit Aid Awarding Procedure” (SP-24a; eff 6/1/14) basic eligibility criteria:

  • Meet all Title IV eligibility requirements and is not currently in default or overpayment status on any Federal Title IV funds;
  • Be enrolled in the college:
    • Be an undergraduate student;
    • Be enrolled at least half-time, and in a Title IV eligible program;
    • Not be concurrently enrolled in high school.
  • New students must have a high school diploma, have completed homeschooling at the secondary level, or earned a GED with a grade point average of 2.75 or higher or if a GED recipient, a score of 550 or greater.
  • Returning students must have a grade point average of 2.75 or higher and demonstrate academic progress according to the published policy regarding Financial Aid Satisfactory Academic Progress;
  • Transfer students must submit academic transcripts (official or unofficial) from their prior institution that documents a grade point average of 2.75 or higher and demonstrate academic progress according to the published policy regarding Financial Aid Satisfactory Academic Progress for financial aid purposes.
  • GPA is based on college-level coursework. Developmental coursework grades do not count in the calculation of GPA.
  • Developmental coursework may be included in the term enrollment and used to determine the minimum 6 credit hours of enrollment.
  • Other criteria such as community service or exceptional talents (music or art) may be used for consideration, but not the sole consideration.

The following guidelines are utilized in addition to CDHE’s guidelines at LCC when awarding Colorado Merit funds at LCC:

  •  LCC’s financial aid packaging philosophy is to award students aid in the following order up to the total cost of attendance: 1st-grants and Colorado Pride Scholarship (Pell, then other grants, and then Colorado Pride as eligible), 2nd-work study, 3rd-student loans, other scholarships as awarded
  • In 2015-16, merit funds will be manually awarded based on a scholarship application process. Merit funding will not be auto-awarded.
  • Remaining funds after the scholarship application process will be awarded as eligible applicants are identified.

Scholarships

Scholarships are awarded on a yearly basis to those students who meet scholarship criteria and have a completed the scholarship application by the scholarship’s deadline date. Scholarships are reviewed each semester and will be terminated if a student does not meet the required satisfactory academic progress requirements or individual scholarship criteria. Most scholarships are for fall and spring semester. Some scholarships may be renewed for a second year. Find more information at http://www.lamarcc.edu/admission/paying-for-college/scholarships/.

Step 4: Student Loans

LCC accepts Direct Stafford Student Loans from the U.S. Department of Education. All LCC students may request a student loan. A current FAFSA, Social Security Number and FAFSA ID are required. Base loan amounts are established by the Department of Education and are as follows:

Freshman (less than 30 credits earned): $3500 per academic year
Sophomore (30 or more credits earned): $4500 per academic year
Additional loan amounts above the base are considered on a case-by-case basis.

New Borrowers

REQUIRED

  1. Complete Master Promissory Note: www.studentloans.gov
  2. Complete Entrance Counseling: www.studentloans.gov
  3. Complete the loan application form: Direct Loan Application
  4. Attend an Entrance Counseling Session in-person presented by the LCC Financial Aid Office

RECOMMENDED 

  1. www.studentloans.gov  – Complete Financial Awareness Counseling.

Continuing Borrowers

REQUIRED

  1. Complete the loan application form: Direct Loan Application

RECOMMENDED

  1. Complete Financial Awareness Counseling: www.studentloans.gov

Borrowers Leaving LCC

REQUIRED

  1. Complete Exit Counseling: www.studentloans.gov

Parent Borrowers

REQUIRED

  1. Complete PLUS Loan Request Process (including Master Promissory Note): www.studentloans.gov

RECOMMENDED

  1. Complete Parent PLUS Counseling: www.studentloans.gov
ATTN: Students with Loans

ECMC_LogoLamar Community College has partnered with ECMC Solutions to assist you with managing your student loan repayment.  This service is of no cost to you; just an added benefit LCC is providing to you to ensure a successful repayment of your loans.  Through this service, you will be contacted by ECMC.  If requested, it is important that you respond to these calls, letters, e-mails, and texts as soon as possible.  ECMC Solutions is not a collection agency—representatives help you by providing information and counseling on the options available to bring your account current. Call 877.331.3262 or visit www.ecmcsolutions.com/resources for more information.

Step 5: Work Study

Students awarded a work study position on campus earn at least Colorado minimum wage to perform duties in campus departments and some off-campus sites. LCC has fund allotments for State and Federal Work Study.

Prior to beginning work, students must be cleared to work by the Financial Aid Office and all paperwork must be completed for payroll. The documents needed are I-9 forms, copies of original driver’s license and social security card, withholding information, etc. The Business Office will direct students in the completion of the work-study packet.

Visit http://www.lamarcc.edu/admission/paying-for-college/work-study/ to begin the Work Study application process.