Types of Aid
Grants
Federal grant programs are funded by the U.S. Department of Education. They include the Pell Grant and the Supplemental Educational Opportunity Grant (SEOG).
Federal Pell Grant
The Pell Grant is a need-based program that awards funds to undergraduate students who have not yet earned a bachelor's degree. The maximum amount awarded annually for the 2003-2004 and 2004-2005 academic years is $4,050. The minimum award for each year is $400. The grant amount is based on your Expected Family Contribution, your enrollment status, and your attendance for the year. For these two years, students with EFC's of $3850 or less may be eligible for a Pell Grant.
Federal Supplemental Educational Opportunity Grant
The FSEOG is a grant for students with exceptional financial need. In order to qualify, students must qualify for a Pell Grant. Unlike Pell funding, which is guaranteed to students who meet the application deadlines and other criteria, FSEOG funding is limited, and awards are made as funds are available, with priority given to those students with lowest EFCs who applied by the priority deadline.
Michigan Adult Part-Time Grant
information forthcoming
Michigan Equal Opportunity Grant
information forthcoming
Academic Competitiveness Grant
information forthcoming
Lansing Community College Grant
information forthcoming
Loans
Loans are money you can borrow from either the Federal government, or private lending agencies such as banks, which must be repaid. Loan eligibility is also subject to Satisfactory Academic Progress.
- View current interest rates (LCC participates in the Direct Loans Program)
Student Federal Loans
Federal Subsidized loans are need-based, and interest-free while enrolled. Federal Unsubsidized loans are not need-based, and accrue interest while you are enrolled at least half-time. LCC offers both types of loans; the lender is the US Dept. of Education. You must complete the FAFSA in order to determine your eligibility for either or both of these loans.
Once an award offer is made, you can accept or change the amounts offered by
logging into
StarPort and accessing Banner Student System. If it is your first time
borrowing a
Parent Federal Loans (PLUS)
This federal loan is for parents of dependent undergraduate students and is not based on financial need. This loan can help parents meet the costs of a college education. The decision to approve or deny the loan is based on the results of a credit check that is conducted by the lender (the U.S. Dept. of Ed.) Complete the FAFSA, and the Parent Loan for Undergraduate Students (PLUS) application.
Alternative or Private Loans
Alternative loans are credit-based student loans offered by private lenders.
They are available to students who need
funds in addition to their federal aid to meet educational expenses or
for those students not eligible for federal aid.
If you have reached your loan limit for the Stafford Subsidized and
Unsubsidized loan programs, but you still need money for your education, the
alternative loan can help you.
Additionally, the alternative loan option is beneficial to international
students and to those students that are non-degree seeking or may be enrolled
for less than halftime, or to dependent students whose parents are not willing
to take out a PLUS Loan.
Alternative loans are largely based on the applicant's creditworthiness. As
with the PLUS, the borrower may be eligible to borrow the difference between the
cost of attendance and financial aid (some lenders may have annual caps on the
maximum amount borrowed). However, repayment on most of these loans starts six
months after the student leaves school. Loan terms vary from lender to
lender--each uses its own formula for calculating interest, some lenders charge
fees and others do not, and each company has its own definition of
creditworthiness The interest rate is generally higher than that of the Stafford
Loans, and interest may be capitalized more frequently. Please check with the
lender for more information on each loan. Before applying for an alternative
loan, please discuss all of your options with a financial aid advisor.
To apply for a loan, go to the lender web site. Students are welcome to
investigate other loan sources on their own.
You may also find this list of questions helpful when considering an alternative loan program.
Below is a list of lenders frequently used by LCC students.
Scholarships
LCC Scholarships
There are several LCC Scholarship programs available. Students can complete one application to be considered for Foundation, Honors, Student Leadership Academy, Occupational, and Transfer scholarships. Click here for more information on how and when to apply.
Michigan Scholarships
The State of Michigan offers several Scholarship programs including the Michigan Merit, Michigan Promise, Michigan Competitive, and Tuition Incentive Program. Please click here for more information on how and when to apply for these scholarships
Other Scholarships
Students can search for other scholarships to apply for online through FASTweb.
Work-Study
Both the Federal Work Study and the Michigan Work Study programs provide
access to student employment opportunities – both on- and off-campus. Students
may be eligible for either the federal or state Work Study award, by indicating
their interest on the FAFSA. The Work Study award is actually a “maximum
eligibility amount” that the student may earn, if they secure a qualified
student employment position. The award is then paid-out to the student in the
form of wages. These Work Study “earnings” may be used to assist with various
education-related expenses. Once the student earns their maximum eligibility
amount, the hiring department will determine the student's employment status.
Work Study eligibility does provide unique opportunities for either on-campus
student employment offered by the College or for off-campus Work Study
employment offered by qualified non-profit organizations and/or
local/state/federal public agencies. However, receiving a Work Study award does
not guarantee employment at Lansing Community College. Student employees are
hired based on skills and abilities.
Contact the Center for Employment Services (CES), room 218 Gannon Building (GB),
visit the web site www.lcc.edu/ces, or call (517) 483-1172
to explore available opportunities. CES also provides both on- and off-campus
employment opportunities to students who have not received a Work Study award.
