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 2013-14 year). Award years begin July 1 and end June 30.

  • For the 2013-14 award year (July 1, 2013 to June 30, 2014), the maximum scheduled Pell Grant award is $5,645 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 2014 summer session will be attached to the 2013-14 academic year. Students interested in receiving federal financial aid for summer must complete the 2013-14 FAFSA and the LFCC Summer Financial Aid Application. If you need a Federal student loan, information and the summer application for those is available here

The Financial Aid Office will begin accepting applications for aid for summer 2014 tuition and fee expenses on March 31, 2014Your initial aid eligibility will be calculated based on your projected enrollment as noted on your summer application AND the information from your  2013-14 FAFSA.

If eligible, a student will be able to receive a portion of a Pell Grant award during the summer 2014 semester:

  • For the Pell Grant Award, a student must
    • Be Pell Grant eligible;
    • Not have used 100% of their Pell Grant during the summer 2013 (for Pell grants received that count towards your 2013-14 Pell grant total), fall 2013, and spring 2014 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.

Transfer Students

  • 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 2014 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 $2,117 of a $5,645 Scheduled Award for fall semester and $2,822 for spring semester. Student has $706 to use for summer.  

Duration of Eligibility Example

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 will still have some Pell Grant eligibility remaining.

Please contact the Financial Aid Office at 540-868-7130 or with any questions.

 
Last modified: 2014-03-18 10:38:31