Financial Aid for Returning Students

To make sure your financial aid and scholarships continue throughout your years at LC, follow the steps below.

Step 1: Maintain the Required QPA for Academic Scholarships

In order to continue to receive any academic scholarships, you must maintain the required QPA for that scholarship.

If your QPA falls below the QPA required for the award or scholarship, you will be placed on "merit probation" for the following academic year. If you do not meet the required QPA after the probation period (the end of the academic year), you may request a review.

You must also maintain satisfactory academic progress for other types of financial aid. See the Satisfactory Academic Progress Policy for Financial Aid Recipients for complete details.

Step 2: Pay your enrollment deposit by February 28

Paying your enrollment deposit lets us know that you plan to return in the fall. The enrollment deposit is applied to tuition, room, and board charges for the fall and must be paid by February 28 each year you plan to enroll.

  • Resident students: $600
  • Non-resident students: $200

This annual enrollment deposit is different from the Reservation Fee that is paid when first admitted to the College. The Reservation Fee serves as a contingency deposit until the student graduates.

Enrollment Deposit Refunds

If you withdraw from the College prior to June 1, you will receive a refund of 100% of the enrollment deposit. If you withdraw June 1 or later, you are not entitled to any refund.

Step 3: File a Renewal FAFSA Each Year by April 1 (Preferred Filing Date)

File your renewal FAFSA at https://fafsa.ed.gov. Use the login that you used the first time you filed in order to renew your FAFSA.

Step 4: Keep Track of Your Loans

 

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