Your financial aid offer is dependent upon the information you submitted on your FAFSA and includes all your eligibility for federal and nonfederal student aid.
The financial aid office will send an email to your Lakeland email account when your financial aid offer is complete.
Your initial financial aid offer is based on enrollment as a full-time student for the academic year. However, you do not have to be a full-time student to qualify for financial aid. Full-time is defined as being registered for 12 or more credit hours in a semester.
Initial financial aid offer amounts represent your funds for a fall/spring academic year. If you enroll in classes for the summer, your financial aid offer will automatically be adjusted to include all three semesters (summer/fall/spring).
Adjustments to your Pell Grant (PELL) will be made based on your actual level of enrollment. Enrollment statuses include: full-time (12 or more credit hours), three-quarter time (9-11 credit hours), half-time (6-8 credit hours) or less than half-time (1-5 credit hours).
Your student loan will be calculated based on what year you are in school, whether you are a dependent or independent student and you must be enrolled in a minimum of 6 credit hours to receive loan funds.
Transfer students who have received financial aid from another school during the current financial aid year should ask their previous school to cancel all pending financial aid. Once that aid has been cancelled, provide documentation of that cancellation to Lakeland's Financial Aid Office. Your aid may be adjusted due to aid received at another school.
If eligible, your financial aid offer could include student loan(s). If you are interested in borrowing a student loan, you must either accept the amount you would like to borrow online through your myLakeland account or complete an Aid Adjustment Request form at Lakeland's Student Service Center.
You can check your financial aid status, offer amounts, and document requirements by following these steps:
If you are asked to submit additional documentation, do so as soon as possible. Your financial aid cannot be processed without the requested documentation.
If you are a new student at Lakeland, you will receive a letter in the mail notifying you of any additional required documentation.
If you are a returning student, you will receive an email in your Lakeland email account notifying you of any additional required documentation.
To see what additional documentation is required:
The U.S. Department of Education selects some FAFSA applicants for a process called verification.
If you are selected for verification, the documents needed will be listed in your myLakeland account. These documents will be used to verify that the information on the FAFSA is accurate. Spouse or parent information and other documents may also be requested.
Typically the documents you will need to provide are:
Additional documentation or clarification may be needed once your paperwork is reviewed. If so, you will be sent an email to your Lakeland email. Be sure to check your email account often so you don't miss important notifications.
Verification must be completed before aid eligibility can be determined. It is recommended that you turn in all required verification paperwork to Lakeland as quickly as possible. This will enable the financial aid office to provide you with your financial aid offer in a timely manner.
To see what additional documentation is required for verification:
Pell Grants (PELL) and Federal Supplemental Educational Opportunity Grants (SEOG) are automatically accepted and will apply toward the cost of tuition and fees once you are registered for classes. However, Direct Loans must be accepted in order for them to be applied to tuition and fees as well as books and supplies.
To accept your financial aid offer:
Your aid will be disbursed differently depending on if you were offered a federal grant or a federal student loan (Direct Loan).
Federal Pell Grants (PELL) are automatically accepted and will apply towards the cost of tuition and fees once you are registered for classes. If you are eligible for grant funds, your grant amount is adjusted based on your level of enrollment.
If you have completed all loan steps (see below) and meet eligibility requirements, loans disburse to your student account no earlier than 10 days prior to the semester's start date.
Before you can receive your loan funds, you will be required to:
For more information regarding the loan process, refer to the Direct Loan Brochure (PDF).
The 10 day disbursement rule applies to all students EXCEPT for:
One-Term Loan Borrowers
First-Year, First-Time Borrowers (30 Day Delay)
If your financial aid funds do not cover your entire account balance and/or your aid is not in place at the time of the tuition due date, you are responsible for the tuition payment. It is recommended that you inquire about the online tuition loan payment plan so that you will not be dropped from your classes for nonpayment.
In some instances, your financial aid disbursement could be delayed or even cancelled due to any of the following reasons:
If you wish to use your financial aid funds to pay charges other than current year tuition and fees on campus where available (i.e., bookstore, cashier), you must provide a signed authorization to Lakeland's Financial Aid Office.
The Authorization Form (PDF) can be submitted online by following these steps:
Alternatively, you can visit Lakeland's Student Service Center to fill out the form in person.
If your financial aid is more than your tuition and fees (and any bookstore purchases), you will have a credit balance. This will show as a negative balance on your student account. Once class attendance has been verified, a refund will be issued to you.
As long as you meet the instructor's attendance policy, your instructor will verify your attendance electronically. Refunds will not be issued until your class attendance has been verified.
Typically, credit balances are refunded to you within 14 days from the start date each semester after course attendance has been verified.
If you do not attend class(es), your financial aid will be cancelled or reduced and this could cause a delay or cancellation of your refund credit balance.
Credit balances are sent via paper check to the address on file with the college or electronically deposited into an active bank account designated by the student (eRefund). To enroll in eRefunds:
All forms of financial aid have certain criteria that must be met to receive and maintain eligibility.
If you are offered financial aid, it is your responsibility to be aware of the policies that may affect your financial aid. These important policies determine whether or not adjustments in financial aid may be necessary or if you will continue to receive financial aid.