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Financial Aid

  • Is this the best loan for me?

    Federal loans, including Direct, Perkins, and PLUS loans, are generally the best options and should be your first consideration. The maximum interest rates and fees on these loans are set by federal law, so the terms and conditions for these loans are clearly defined and may not change over time. …

  • What is an alternative loan?

    Alternative loans are private education loans in the student’s or parent’s name that help bridge the gap between the actual cost of your education and the amount the government allows you to borrow in its programs.  Private loans are offered by private lenders, and there are no federal forms to …

  • I need my financial aid for books; what do I need to do?

    You may use your financial aid refund check or order books online through MyLC Account. …

  • What happens to excess aid?

    Financial aid is meant to assist with your costs. After tuition, fees, and applicable housing or meal plan charges are paid, any remaining aid will be refunded to you for other educational expenses. You may use these funds to assist with your living expenses while you are in school. …

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What happens to excess aid?