Summer Financial Aid
Students must annually complete the Free Application for Federal Student Aid (FAFSA) to apply for all federal and state financial aid program, including the Federal Pell Grant and Federal Student Loans. Students who receive their first Pell Grant may receive Pell Grants for as many as 12 semesters of full-time enrollment (or the equivalent if enrolled part-time).
Annual Maximum Awards
Award year refers to the specific enrollment period. The normal award year at LFCC is the fall and spring semesters (currently the 2014-15 year). Award years begin July 1 and end June 30.
- For the 2014-15 award year (July 1, 2014 to June 30, 2015), the maximum scheduled Pell Grant award is $5,730 for undergraduate students enrolled full-time (12 or more credits).
- The maximum amount can change each award year and depends on program funding. The amount you get, though, will depend not only on your financial need, but also on your costs to attend school, your status as a full-time or part-time student, and your plans to attend school for a full academic year or less.
Summer Eligibility Limit and Disbursement
The 2015 summer session will be attached to the 2014-15 academic year. Students interested in receiving federal financial aid for summer must complete the 2014-15 FAFSA and the LFCC Summer 2015 Financial Aid Application. If you need a Federal student loan, information and the summer application for those will be available here on or before March 16, 2015 .
The Financial Aid Office will begin accepting applications for aid for summer 2015 tuition and fee expenses on March 16, 2015 (you must be registered for your classes before we will accept the application). Your initial aid eligibility will be calculated based on your projected enrollment as noted on your summer application AND the information from your 2014-15 FAFSA.
If eligible, a student will be able to receive a portion of a Pell Grant award during the summer 2015 semester:
- For the Pell Grant Award, a student must
- Be Pell Grant eligible;
- Not have used 100% of their Pell Grant during the summer 2014 (for Pell grants received that count towards your 2014-15 Pell grant total), fall 2014, and spring 2015 semesters
- Be enrolled at any enrollment status (full-time, 3/4 time, 1/2 time or less than 1/2 time);
- The amounts received will count toward the aggregate lifetime limit.
- If a student received 100% of the Pell Grant Award at their prior school(s), the student will not have any Pell eligibility for summer 2015 attendance. Transfer students wishing to receive financial aid while attending the summer semester must be degree seeking and cannot be attending only for the summer in order to transfer credits back to their home institution.
- Prior school disbursed $2,149 of a $5,730 Scheduled Award for fall semester and $2,865 for spring semester. Student has $716 to use for summer.
The Department of Education tracks student percentage used in the Common Origination and Disbursement System (COD) and the National Student Loan Data System (NSLDS). As long as you have not reached 600% of Lifetime Eligibility, you may still have some Pell Grant eligibility remaining.
Please contact the Financial Aid Office at 540-868-7130 or fina…@lfcc.edu with any questions.