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The Financial Aid Process
Financial Aid

Step 1

Submit a Free Application for Federal Student Aid (FAFSA) online at www.fafsa.gov LBCC's school code is 001219.

Tip: Apply every year between January 1-March 2. This gives you priority consideration for all state and federal financial aid programs for the next school year beginning in the fall. If it's already past March 2, apply ASAP.

Step 2

In about a week you receive an email with a link to your Student Aid Report (SAR) or by mail if you didn't include an email address on the FAFSA. This tells you your application has been processed and gives you basic information about your eligibility. All the schools listed on your FAFSA are sent the same report.

Step 3

LBCC Financial Aid will send you a letter telling you what forms or information is required to complete your financial aid file. If nothing is required we'll tell you that in a letter too.

Tip: If it's available when you apply, use the IRS Data Retrieval Tool (DRT) at the FAFSA web site. If you (or your parents if required) file a tax return later, return to the FAFSA web site and use the DRT to make a correction. If you do we probably won't need any information to complete your file. However, most required forms can be submitted online at our web site.

Step 4

Your file is reviewed by a Financial Aid Counselor for accuracy (verification) or to consider a Petition or other forms you have submitted.

Tip: We have thousands of files to review every year. We review them in the order in which they're completed. Respond promptly to requests for information. If you receive your SAR and don't receive a letter from us in 2 weeks, check your LBCC Self Service account for Financial Aid To Do's.

Step 5

LBCC sends you an Award Letter to notify you what award(s) you qualify for and the amount.

Tip: Read your Award Letter carefully. It includes terms and conditions and important details about your award.

Step 6

During the first week of classes we make our first disbursement of financial aid. We disburse throughout the semester to those who applied late. You'll receive a debit card from a company named Higher One before you receive financial aid. You'll use the card to access your financial aid as long as you're at LBCC. There's a Higher One ATM machine on both the LAC and PCC campuses.

Tip: When you receive the debit card there won't be money on it. You'll need to "activate" the card online to receive financial aid. You can choose to open a no-fee One Account or you can have the funds transferred by Higher One to your bank account.

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