To be eligible for Federal Financial Aid, students must submit the Free Application for Federal Student Aid (FAFSA) and be considered financially needy.
Federal Pell Grant: The Federal Pell grant program is the largest federal grant program. This grant provides a foundation to which aid from other sources may be added. To qualify you must be an eligible undergraduate student who has not earned a bachelor’s or professional degree. You must be enrolled in an eligible program of study and not be in default on any federal aid program. In 2007-08, the Pell grant annual full-time awards range from $400 to $4,310. Grants are available for full-time, half-time and less than half-time students.
Federal Supplemental Educational Opportunity Grant (FSEOG): FSEOG is a federal grant with the first priority going to students eligible to receive a Pell grant and who have exceptional need as indicated by the expected family contribution. Grants are available for full-time and part-time students.
Academic Competitiveness Grant (ACG): This is a Federal grant which provides funds to first-year students who have completed high school on or after January 1, 2006. Second year students must have graduated from high school on or after January 1, 2005. All ACG students must have completed a rigorous high school program of study as designated by their state and second-year students must have at least a 3.0 GPA from their first year in College. Students must be a U.S. Citizen and be enrolled full-time (12 or more credits). All recipients must be receiving the Pell grant.
Federal Work-Study Program (FWSP): The College Work-Study program is a joint federal and College program that funds part-time jobs on campus. A separate LFCC work-study application, available from the Financial Aid Office, must be completed in order for a student to be considered for this program. The Financial Aid Office maintains a file of FWSP applications and reviews these applications as vacancies occur. Students will be referred for interviews with job supervisors. Every effort is made to place the student in a job that relates to his or her program of study. If hired, the Financial Aid Office adds funds for this program to the student's financial aid award. You must have a complete financial aid package and a current work-study application on file to be considered for these jobs. Most jobs average 10-15 hours per week. Students must be enrolled in a minimum of six (6) credit hours to qualify for FWSP.