LCC Financial Aid Handbook

Introduction

Philosophy of Financial Assistance

The administration of financial aid programs at Lamar Community College is designed to complement and service the educational programs of the institution. The services provided by the financial aid office are necessary for the operation of the college and will be provided through a cooperative relationship with other areas of the organization. Since the operation of the financial aid office is dependent upon federal, state, and local resources, our philosophy is to utilize those funds to facilitate support for students, who without such aid would not be able to attend this institution.

The College accepts the Federal Need Analysis Methodology as a fair and equitable means of determining the student’s or the family’s ability to contribute to the student’s educational expenses. Lamar Community College requires all students and/or parents to submit the Free Application for Federal Student Aid (FAFSA) to apply for financial aid. This application is web-based and can be completed online at https://studentaid.gov/h/apply-for-aid/fafsa.   

LCC Student Financial Aid

1. The primary purpose of LCC’s financial aid program is to provide financial assistance to students who, without such aid, could not attend college.
2. Financial assistance consists of grants, scholarships, loans, and work-study employment. This assistance may be offered to a student singularly or in various combinations, referred to as a “financial aid package.”
3. Selection of a student to receive financial aid at LCC is the result of a student’s demonstrated financial need, and/or academic achievement, without regard to sex, race, creed, color, age, military status, national origin, or disability.
4. All students are expected, either on their own, if self-supporting, or in conjunction with their parents, if dependent, to contribute to the cost of their education.

Review and Cancellation of Awards

In accordance with the Higher Education Act [Amd. 1998- Title IV, Part F, Section 479A(c)] [Code of Federal Regulations: 34 CFR 682.603(e)], Lamar Community College reserves the right to review and cancel the financial aid awards at any time because of changes in financial resources, residency, marital status, or because of the recipient’s failure to remain in good standing at the College for financial aid, academic, or disciplinary reasons. Award adjustments can be made if additional information concerning a student’s eligibility is received after awards are made. Any information considered to be misleading will result in cancellation of aid until the information is clarified. From time to time, it becomes necessary for various reasons to change the specific guidelines and requirements for any given award. These changes may occur without prior notice due to a shortage of funds or the total number of students applying for aid. If LCC suspects that a student, employee, or other individual has misreported information or altered documentation to fraudulently obtain federal funds, the College will report evidence to the Office of Inspector General.

Eligibility

In order to receive assistance from Title IV Federal Student Aid funds, a student must be a U.S. citizen, or a citizen of the Federated States of Micronesia, the Marshall Islands, or a permanent resident of the trust territory of the Pacific Islands (Palua), or an eligible non-citizen. Students must also be over 16 years of age, enrolled as a regular student in an eligible degree program, maintain satisfactory and measurable progress and attend the College on a full-time or part-time basis. In addition, students must have graduated from high school or have completed a High School Equivalency Certificate (i.e. GED). For further information concerning this procedure, please contact the Student Services Office at LCC.

A non-citizen is considered eligible if (s)he is in the United States for other than a temporary purpose and is, or intends to become, a permanent resident. Evidence in the form of an alien registration receipt card or an approved notice from the Immigration and Naturalization Service will be required to verify permanent resident status. 

Lamar Community College’s Office of Financial Aid offers a variety of federal and state student aid programs and administers institutional scholarships. Applications for these programs are available in the Student Services Office, located in the Betz Technology Center.

Aid from federal programs is not guaranteed from one year to the next. A student must apply using the FAFSA every year. There are two primary steps to follow at LCC to begin the process of applying for assistance:
 

1. Apply and be admitted to Lamar Community College.
2. Complete the Free Application for Federal Student Aid (FAFSA) online at https://studentaid.gov/h/apply-for-aid/fafsa.

The financial aid award year begins with fall semester (August through December), continues with spring semester (January through May), and concludes with the summer semester (starting May or June of the following year). Students can complete the FAFSA after October 1st for the following school year.  LCC’s FAFSA filing priority date is April 1st.

Students Rights and Responsibilities

Student Rights

You have the right to:
 

1. Know what financial assistance is available from LCC, including information on federal, state, and other financial aid programs.
2. Know the deadlines for submitting applications for each of the financial aid programs available.
3. Know the cost of attending LCC, the refund policy and the repayment policy.
4. Know the criteria used by LCC to select financial aid recipients.
5. Know how the College determines financial need. This process includes how costs for tuition, room and board, books and supplies, travel, and miscellaneous expenses are considered in establishing your budget.
6. Know what resources (such as parental contribution, other scholarships and financial aid, your income and assets, and other resources) are considered in the calculation of your need.
7. Know what portion of your financial need, as computed by LCC, has been met.
8. Request an explanation of the various programs included in your financial aid package, and to appeal for a review of your award if you feel that it does not adequately meet your needs.
9. Know what portion of your financial aid package is a loan that must be repaid. If your award package does contain a loan, you have the right to know the interest rate, the total amount that must be repaid, the repayment procedure, the length of time you have to repay the loan, and when the payments are scheduled to begin.
10. Know what portion of your financial aid package are earnings from part-time student employment, the conditions of employment, and how and when you will be paid.
11. Know how the College determines whether you are making satisfactory progress in your course of study, and what happens to your financial assistance if you do not make satisfactory academic progress. 

Student Responsibilities

You have the responsibility to:
 

1. Complete all application materials on time and send them to the right place.
2. Pay special attention to and accurately complete your application for financial aid. Errors can result in long delays in your consideration for financial assistance and may result in your inability to receive assistance due to the lack of funds.  Intentional misreporting of information on applications for federal financial aid funds is a violation of the law and is considered a criminal offense subject to penalties under the U.S. Criminal Code.
3. Activate your LCC student email account (_______@student.cccs.edu) as soon as you have registered for classes with LCC and regularly check your email thereafter. Activation instructions are located in LCC’s General Catalog, Getting Started . 
4. Return promptly all additional information, documentation, verification, and/or corrections requested by either the Financial Aid Office or the agency to which you submitted your application.
5. Read and understand all papers you are asked to sign and keep copies for your personal records. The Financial Aid Office at LCC should not be used as a holder for a student’s permanent records.
6. Accept full responsibility for all agreements you sign.
7. Notify your student loan lender(s) of changes in your name, address, and/or student status if you have a loan or loans.
8. Perform the work you have agreed to in accepting a College Work-Study award.
9. Know and comply with the refund/repayment policies and procedures of LCC.
10. Understand the conditions under which each element of your financial aid package is offered and comply with the criteria for retention of your financial aid awards.
11. Report financial aid, with the exception of loans, to the Internal Revenue Service (IRS) as income if the aid received is greater than the tuition and fees charged plus the amount paid for books and supplies. Students are strongly encouraged to contact the IRS for specific details. Students are advised to keep records of tuition and fee charges, books, supplies, etc., for all semesters that you attended during a calendar year.
12. Enroll for classes that apply toward your degree. Federal and state aid will only pay toward classes that apply toward your degree program(s).  Classes taken by audit or CLEP do not qualify as financial aid hours attempted and will be considered as non-completion of a course and will negatively affect satisfactory academic progress status.
13. Notify the Financial Aid Office if you receive assistance of any kind, from any source, that was not reported on your application for financial aid. This includes but is not limited to:

• Private scholarships/grants
• Social Security Payments
• Veteran’s Benefits
• Aid to Families with dependent Children (AFDC/ADC or TANF)
• Vocational Rehabilitation (Voc Rehab)
   

Filling out the FAFSA

When you complete your financial aid application, you should have certain records on hand. You will need to refer to your:

1. Tax return
2. Parent’s tax return (if you apply as a dependent student).
3. Spouse’s tax return (if you are married and your spouse filed a separate return).

The 2020 U.S. Income Tax Return is the most important record you will need for the 2022-23 FAFSA as you must use specific numbers from specific lines on the tax return to fill out your application.
 

Aid from most of the Federal Student Aid programs, except for Unsubsidized and PLUS loans, is awarded on the basis of need. The primary responsibility for meeting college costs rests with the family and the student. The amount of financial aid that you will be eligible to receive is based upon your financial need as determined by a federally approved processor. Financial need is the difference between the cost of attending the college of your choice and the resources available to the student. Resources include: parent contribution, earnings from employment, spouse’s income, vocational rehabilitation, welfare, etc. The Financial Aid Officer will take the cost of education at LCC and subtract the amount you and your family are expected to pay toward that cost (Expected Family Contribution [EFC]). If there is a positive amount remaining, you are considered to have financial need.

Cost of Education includes your educational expenses such as tuition, fees, room, board, books, supplies, and other related expenses. There are two classifications of students in determining eligibility for financial aid:
 

1. Dependent Student - Students who are under the age of 24 and/or have been or will be claimed as an exemption on their parent’s federal income tax return during this current and/or previous calendar year, or lived in their parent’s household during this same period of time.
2. Independent Student - For the 2022-2023 award year, a student may be deemed independent if he or she:

• was born before January 1, 1999.
• is married as of the date (s)he completes the FAFSA.
• will be a graduate or professional student when the award year starts.
• is a veteran of the U.S. Armed Forces.
• is currently serving on active duty for purposes other than training.
• has dependents other than a spouse.
• was an orphan, foster child, or ward/dependent of the court at any time since the age of 13.
• is an emancipated minor or in legal guardianship or was when he reached the age of majority in his/her state.
• was determined at any time since July 1, 2021, to be an unaccompanied youth who was homeless or self-supporting and at risk of being homeless.

Students may appeal to the financial aid office for a review of the dependency status on a case-by-case basis with the Dependency Override Request Form.

Applying for Aid

Lamar Community College utilizes the Free Application for eligibility for “need-based” financial aid.  Applications are available online here, in high school counselors’ offices, and financial aid offices. The FAFSA application should be completed as soon as possible after October 1st.

The financial aid application is complete when:

1. The student is officially admitted to Lamar Community College.
2. The Office of Financial Aid has received the following documents:

• Free Application for Federal Student Aid (FAFSA);
• All verification documentation and other requested information, which may consist of the federal income tax transcript, federal verification worksheet, and untaxed income verification, if requested by the College. 
• Other information as requested by the College. 

Verification

Some students applying for financial aid are required to submit certain documents for verification. The financial aid office verifies applications selected for verification by the U.S. Department of Education and others that have conflicting information. Documents typically requested by the financial aid office include (but are not limited to) the following: tax transcript, parent’s tax transcript, spouse’s tax transcript, W-2 forms, and other forms as requested. LCC can no longer accept copies of federal tax return forms in the verification process but is required to request tax transcripts. Tax transcripts can be obtained from the IRS at www.irs.gov or by calling 800.908.9946. Missing Information Letters will be sent by email to students’ CCCS email accounts requesting documentation for verification. The deadlines to submit the requested documents for consideration of financial aid are:

• Fall Semester - December 1st
• Spring Semester - May 1st
• Summer Semester - August 1st.

Failure to meet these deadlines could result in no financial aid consideration in the semester. Documents submitted after these deadlines will only be reviewed if extenuating circumstances existed and prevented the student from completing the requests or if a Financial Aid Administrator determines the need to evaluate aid for a prior term.

If verification review results in necessary corrections to the FAFSA, the student will be notified that a correction was made with a Missing Information Letter email to the student email account and by a FAFSA correction red flag on the student portal. If the FAFSA corrections result in a change to the aid eligibility, the student will be notified with an Award Letter email to the student email account.

Payment of Financial Aid

Lamar Community College releases grant and scholarship aid and loan funds for continuing student loan borrowers after the census date and releases loan funds for new student loan borrowers after 30 days progress into the semester. Funds are released and rolled to student accounts on a weekly basis. The institution will notify borrowers when Federal Direct Loans are credited to their account with an email to the students’ email accounts. This email will include the following information: amount of the loan, the loan type, the date funds released, and the right to cancel the loan proceeds and the procedures to cancel the loan. The notification will be sent no earlier than 20 days before and no later than 30 days after crediting the student’s account.

Financial Aid awarded in the form of grants, scholarships, and loans will first be applied toward the payment of the student’s outstanding balance: tuition, fees, room, board, authorized book charges, and other authorized charges owed to the College by the student. Any excess amount of financial aid will be refunded to the student electronically according to the student’s refund preference with BankMobile Disbursements, a technology solution, powered by BMTX, Inc. Visit this link for more information: Refund Choices with Single Sign-On - BankMobile Disbursements

NOTE: Eligible students will have their account credited for the amount of the grant and/or scholarship. Should a student decide not to attend after they have registered, they must officially drop their classes before census date to avoid being charged tuition and fees. After students are awarded financial aid, they will receive an award letter through their student email account. Financial aid will not be released until after the census date at which time student enrollments are verified.

Work-Study payments are paid through direct deposit to students’ personal accounts twice monthly. The amount the student receives will depend upon the number of hours the student worked during the applicable period. Work-study student workers may work up to and no more than 20 hours per week and must be enrolled in at least 6 credit hours in an aid-eligible degree and in an eligible SAP status.

Packaging Policy

It is the intent of LCC to provide some aid to all eligible students as long as funds remain available. Most students will receive a combination of financial aid based upon their financial need and the availability of funds. This is called the financial aid “package.” The Federal Pell Grant is the base for all financial aid packages. This grant will be awarded first dependent on the student’s eligibility for the grant. State-funded assistance will go to Colorado resident students who meet all eligibility requirements as established by CDHE and/or the institution. The Financial Aid Office at LCC will attempt to provide a financial aid package of 50% gift aid (scholarship and grants) and 50% self-help (loans and work). The percentage formula is a general guideline and does not exclude the Financial Aid Office from dealing with each applicant as an individual on an individual basis. 

Satisfactory Academic Progress

Students applying for and/or receiving Title IV financial aid are expected to maintain satisfactory academic progress in three areas:  cumulative grade point average, cumulative completion rate, and maximum time frame. While all students are held to Satisfactory Academic Progress standards, failure to perform at established levels may result in students becoming ineligible for financial aid. Lamar Community College adheres to the Satisfactory Academic Progress standards of the U.S. Department of Education and the Colorado Community College System. The CCCS policy is located at https://cccs.edu/policies-and-procedures/system-presidents-procedures/sp-4-20d-satisfactory-academic-progress-for-financial-aid/

Students placed on Ineligible for Financial Aid status may appeal their ineligibility to the Satisfactory Academic Progress (SAP) Appeal Committee. A secondary appeal process is also available through the Vice President of Student Services at LCC. The deadline to submit an appeal in order to be considered for financial aid in the current semester is one week prior to the last date of class. Under no circumstances will an appeal be processed for a past semester. 

Incomplete Grades and Withdrawals

Grades of A, B, C, D, S, S/A, S/B, and S/C earned during all periods of enrollment will be considered acceptable Satisfactory Academic Progress for courses completed.

Grades of F, U, I, W, AW, Z, U/D, U/F, SP, and AU earned during all periods of enrollment will not be considered acceptable for SAP.

Repeated courses are counted for all qualitative and quantitative measurements, as is coursework removed from the permanent transcript.

Notification

Upon calculation of failure to meet Satisfactory Academic Progress standards, the student will be notified via email to their official student account of the need to access their student portal to view their academic progress. SAP calculations and notifications are made at the end of each term prior to the start date of the next term.  

Types of Financial Aid

LCC offers several types of aid to students including grants, scholarships, loans and work-study employment. Adherence to the Satisfactory Academic Progress standards is required for all types of aid.

Grants

Grants are funds awarded to students based on certain criteria. Grant funds need not be repaid to the funder.

Federal Pell Grant

Federal Pell Grant, unlike a loan, typically does not have to be paid back. It is the Federal Government’s largest student aid program and is the starting point for most students seeking financial assistance. Pell award amounts are determined annually by the Department of Education.  The grant can be awarded retroactively to students throughout the year provided the student is still enrolled and in good standing and meets the verification deadlines above. Students who have received a bachelor’s degree are not eligible. Students who enroll at LCC and also at another site within the same term are eligible to receive a Pell award for enrollment at only one site (see Consortium Agreement in the General Information section).  The Pell Grant lifetime maximum is 600% of an annual Pell award.

Federal Supplemental Educational Opportunity Grant (FSEOG)

This grant ranges from $100 to $4,000 per academic year and is available to students with exceptional financial need (zero EFC on the FAFSA) who are eligible to receive a Federal Pell Grant. Students must be enrolled in a minimum of 6 credit hours to be eligible for this grant.

Colorado Student Grant (CSG)

This grant is available to students who are Colorado residents and demonstrate financial need with Pell eligibility. Students must be enrolled in a minimum of 6 credit hours to be eligible for this grant.

Scholarships

Scholarships are awarded on a yearly basis to those students who meet scholarship criteria and have a completed the scholarship application by the scholarship’s deadline date. Scholarships are awarded each semester and will be terminated if a student does not meet the required satisfactory academic progress requirements or individual scholarship criteria. Most scholarships are for fall and spring semester. Some scholarships may be renewed for a second year.

Student Loans 

LCC screens 100% of student loan requests. It reserves the right to refuse to originate/certify a student loan per 34 CFR 685.301(a)(8). Decisions are made on an individual student basis, and LCC must provide the student with written explanation if a loan is reduced or denied. A student may appeal the reduction or denial decision by writing a letter to the Vice President of Administrative & Student Services documenting all pertinent reasons.  

Federal Direct Subsidized Stafford Loan

This loan is available to students who have demonstrated financial need. The loan is secured through the William D. Ford Federal Direct Loan Program. Base loan amounts are $3,500 for freshman status and $4,500 for sophomore status (students who have completed 30 credit hours or more), based on documented need. The aggregate subsidized loan limit for an undergraduate student is $23,000.  New student loan borrowers after July 1, 2013, may only receive subsidized Direct Stafford loans for 150% of the time required to complete his/her degree. Information on degree and certificate program lengths can be found on LCC’s financial aid webpage.

There is no loan payment or interest charged while the student remains in school at least half-time. Students must begin repaying the loan six months after graduation, leaving school, or are enrollment of less than half-time. These loans are from the Federal Government through the U.S. Department of Education.

Federal Direct Unsubsidized Stafford Loan

This loan is not based on financial need. The borrower is responsible for the interest payments. Students may receive both a subsidized and unsubsidized Direct Stafford loan, but the total may not exceed annual Stafford loan limits. Interest will be charged/accrue and may be capitalized. The aggregate total loan limits, including subsidized and unsubsidized amounts, for undergraduate students are $31,000 for dependent students and $57,500 for independent students.

Students must begin repaying the loan at six months after graduation, leaving school, or are enrollment of less than half-time. These loans are from the Federal Government through the U.S. Department of Education.

Federal Direct Parent Loan for Undergraduate Students (PLUS)

This loan is for the parents of dependent students. Parents may borrow up to the cost of attendance per child (minus other aid). Repayment typically begins sixty days after the final disbursement for the period of enrollment for which the funds were borrowed. Interest rates are based on when the loan starts repayment.

Student Loan Application

Entrance Counseling and Master Promissory Note

Students must go on-line at https://studentaid.gov/entrance-counseling/ to complete Entrance Counseling and https://studentaid.gov/mpn/ to sign the Master Promissory Note. Base loan amounts are $3500 per year for freshmen and sophomores up to $4500 per year. Entrance Loan Counseling is mandatory prior to disbursement of proceeds for first time borrowers. In addition, loans will not be applied to student accounts until at least thirty days in to class each semester. Loans must be certified by the last date of class according to each student’s class schedule for the semester. The Entrance Counseling teaches and informs the student about loans. The Master Promissory Note is an agreement between the Student and the Federal Government.

In accordance with the Higher Education Act [Amd. 1998 - Title IV, Part F, Section 479(c)] [Code of Federal Regulations: 34 CFR 682.603(3)] a school may refuse to certify a loan (or portion of a loan) if the reason is documented and provided to the student in writing. The intent of this regulation is to assist schools in controlling their student loan default rate.  As part of LCC’s default management effort staff evaluates every loan application individually and reviews all relevant criteria including but not limited to aggregate student loan debt, academic progress, grade point average, and level of enrollment. Loan reductions and denials, when required, are provided to the student by paper letter. A secondary appeal process is available, requiring the appealing student to write a letter to the Vice President of Student Services including applicable documentation.  

Loan Paperwork

Students are required to submit the FAFSA prior to having a Direct Loan processed by the Financial Aid Office. Once the FAFSA is completed, Entrance Counseling and a Master Promissory Note must be submitted online at https://studentaid.gov/h/complete-aid-process. Additionally, first-time student loan borrowers are required to attend an Entrance Counseling session in-person on the LCC campus.

All students requesting a loan must also submit a Direct Loan application to the Financial Aid Office.

Loan Confirmation Process

Federal regulations require a confirmation process in order to help the student control the borrowing process. Lamar Community College has adopted the active confirmation by requiring students to complete the Direct Loan application to apply for a student loan.

National Student Loan Data System (NSLDS)

The National Student Loan Data System (NSLDS) is the U.S. Department of Education’s central database for student financial aid records. Federal loans disbursed to students or parents will be submitted to NSLDS and will be accessible by guaranty agencies, lenders, and institutions determined to be authorized users of the data system. Student and parent borrowers can track and manage their federal student loans and grants online at nslds.ed.gov. The secured site displays information on loans and grants, including amounts, outstanding balances and status. Student and parent borrowers can also find contact information for their loan servicer.

Exit Counseling

Student borrowers who enroll in less than 6 credit hours or graduate are not considered to have half-time or above enrollment. Students enrolled less than half-time are required to complete loan exit counseling at https://studentaid.gov/exit-counseling/.  

Proration of Annual Loan Limits

Student loan amounts will be determined by prorating the limit applicable for a full academic year by a ratio equal to that of the remaining balance of the student’s length of program remaining. The amount an undergraduate student may borrow must be prorated in certain situations.
 

• When the student is requesting a loan period of a single term;
• When the student is enrolled in a program that is shorter than a full academic year; and
• When the student is enrolled in a program that is one academic year or more in length, but is in a remaining period of study that is shorter than a full academic year.

In some cases, the actual loan amount that a student is eligible to receive (based on costs, EFC, and other aid) may be less than the prorated loan limit. If an academic program is shorter than a full academic year in length, the following calculation will be used:

Semester hours enrolled in program
———————-
Semester hours in academic year

OR

Weeks enrolled in program
————–
Weeks in the academic year

Students who are enrolled in the remaining periods shorter than an academic year will have their loans prorated. This may occur when a student is enrolled in a program that is one academic year or more in length, but the remaining period of study needed to complete the program will be shorter than an academic year.

Proration is required only when it is known in advance that a student will be enrolled for a final period of study that is shorter than an academic year. If a student originally enrolls for a final period of study that is a full academic year in length, but completes the program early in less than a full academic year, it is not necessary to retroactively prorate the annual loan limit. 

Work-Study

Students who are interested in the work-study program may visit the work-study webpage on LCC’s website for application instructions, for job descriptions and to complete an application. It is the intention of LCC to provide employment opportunities through the federal- and state-funded college work-study programs that are beneficial both financially and experientially.  Each student who accepts employment through these programs is expected to know and abide by the following expectations:

1. The student and supervisor should clearly define his/her duties and responsibilities, workdays and hours. Students will be held accountable for maintaining established work days or hours.
2. The student will submit work-study time sheets to the Business Office through the Lope Access portal in accordance with their deadlines. Time sheets must be electronically signed by the designated supervisor and must accurately represent work hours during that time period. Falsification of a time sheet will be reported to the Federal Office of Inspector General for prosecution.
3. Pay rates vary by department and are at least Colorado minimum wage.
4. Students are paid biweekly in accordance with the Business Office pay schedule.
5. Students may work a maximum of 20 hours per week.
6. Students must be enrolled in an aid-eligible degree program and attending at least 6 credit hours to be eligible for work study payments.
7. Students must be eligible for aid according to SAP standards.
8. Please be advised that College Work-Study awards are based upon the availability of funds and may be revised during the school year without prior notice. In that event, every reasonable effort, through student loans, other jobs, etc., will be made to assist a student for the remainder of the year.

Federal Work-Study

Federal funds are made available to assist students with their college financing through part-time campus employment. Students approved for this program can be eligible to work a maximum of 20 hours per week, depending on the position and the student’s unmet financial need.

Colorado Need Work-Study

State funds are made available to assist Colorado resident students with their college financing through part-time campus employment. Students approved for this program can be eligible to work a maximum of 20 hours per week (depending on the position and the student’s unmet financial need).

Colorado No-Need Work Study

State funds are made available to Colorado resident students even though they show no need for financial assistance with their college financing based on the FAFSA. This program allows no-need students an opportunity to receive on the job experience, which is helpful when looking for employment after graduation.  These positions have the same requirements as the other work-study positions but they are not limited by need.

Note: If a student changes his/her enrollment status to less than half-time during the semester or becomes Ineligible according to SAP, their eligibility to participate in any work-study ceases immediately.

Prior to beginning work, the Financial Aid Office must clear students to work and all paperwork must be completed for payroll. The documents needed are I-9 forms, copies of original driver’s license and social security card, withholding information, etc. The Business Office will direct students in the completion of the work-study hiring packet. 

LCC Financial Aid Budgets

(based on a 9-month academic year)

The College accepts the responsibility for developing realistic student cost allowances based upon the Colorado Department of Higher Education (CDHE) survey. The budgets established for student cost allowances seek to reflect accurate cost of living and direct educational costs estimates and are based on average costs in the Colorado Community College System. The College will adjust the budget yearly to remain within the budget parameters established by CDHE.
 

**All charges are estimates and subject to change.

The above budgets are for students enrolled full-time during the fall and spring semesters. For summer term budgets, please check with the financial aid office.   LCC also assigns different cost of attendance allowances to students classified by Western Undergraduate Exchange, Reciprocity, and military status.

Refunds & Repayments (Return to Title IV Federal Aid Funds)

When a student receives Title IV funds or state aid (either directly or by credit to their account) and (s)he terminates enrollment prior to the end of the semester, the financial aid received is subject to either refund or repayment. The law specifies how Lamar Community College must determine the amount of Title IV program assistance that you earn if you withdraw from school. Title IV programs covered by this law include: Federal Pell Grants, Iraq and Afghanistan Service Grants, TEACH Grants, Direct Loan, Direct Plus Loans, and Federal Supplemental Educational Opportunity Grants.

When a Title IV aid recipient completely withdraws from LCC prior to the end of the term, a refund of the aid will be calculated. The calculation will be based on the number of days attended compared to the total number of days in the semester. Withdrawal after 60% of the term is not subject to the return calculation. Aid used for tuition, fees, books, and room/ board, will be refunded by both the student and the College.

The withdrawal date will need to be determined in order to calculate the amount to be returned. This will be the date the student began the withdrawal process with the Student Services Office, or otherwise provide the institution with notification of intent to withdraw. If the student drops or ceases attending without any notification, the course instructor will document the last day of an academically related activity which will be used as the withdrawal date. If the withdrawal process was not begun because of illness, accident, or similar circumstance beyond the student’s control the institution will determine the appropriate withdrawal date. If at the end of the semester the student receives all W’s, F’s or a combination, the actual last date of attendance will be used. An official withdrawal will be determined at the time when the student began the formal withdrawal process with the Student Services Office, or otherwise provided the institution with notification of intent to withdraw. For a student who withdraws without providing notification, the date of determination that the student withdrew will be the date that LCC becomes aware that the student ceased attendance. If no date is available, the midpoint of the student’s enrollment will be used. The withdrawal date for a withdrawal without notice will be determined no later than 30 days after the end of the earlier of 1) the payment period or the period of enrollment 2) the academic year or 3) the student’s educational program.

The College will return to the Title IV programs, the amount based on the standard calculation. That amount is now due to the College by the student. Additionally, the student will return any remaining unearned Title IV funds. (If the student needs to return funds to the Pell or SEOG programs based on the return priority, they need to return no more than 50% of the original amount). Students have 45 days to repay their portion. Shortly after 45 days have elapsed from the date the student was informed in writing of their repayment obligation, If the student has not repaid the overpayment in full, the College will report the overpayment to Williams and Fudge for collection. The College will bill the student and it becomes the debt of the College. The student will remain eligible for Federal Title IV aid at any post-secondary institution. The loan amounts the student needs to return will be repaid according to the regular repayment schedule for the loan. The school refund to the loan will be credited to the original loan amount.

If a Return to Title IV calculation results in a credit balance on the student’s account, Lamar Community College will disburse the credit within 30 days of the date the college determined that the student withdrew.

Lamar Community College adheres to the Return to Title IV standards of the U.S. Department of Education and the Colorado Community College System. The CCCS policy for Return to Title IV can be located at https://cccs.edu/policies-and-procedures/system-presidents-procedures/sp-4-20c-return-of-title-iv-funds/

Example: Estimate of the amount of aid you may earn and the amount the student may have to return:

A student received a Pell Grant for $1,563 for full time enrollment of 12.0 credit hours. Student charges for the term totaled $726.20. The student completed 30 calendar days of the 111 days of the term.

Original Pell Award         $1,563.00

Student withdraws after attending 30 calendar days (30/111)     

Percentage of Title IV aid earned 27% Amount of Title IV aid earned        $ 422.01

Pell award amount of Title IV aid unearned (Title IV aid to be returned)   $ 1,140.99

Institutional Charges incurred by student             $ 726.20

Percentage of Title IV aid unearned        73%

Institutional Charges unearned  $ 530.13

Title IV Aid to be returned by student, computed as follows:

(Original award - institutional charges) = student amount x percentage unearned / 2 = total amount student must repay ($1563 - $726.20) x 73% = 610.86 /2 = $305.43 

Pell Funds to be returned to the Department of Education by the institution              $ 530.13

Pell Funds to be returned to the Department of Education by the student              $ 305.43

Institutional Refund

The College will refund 100 percent of tuition and student fees collected for a term if the student officially withdraws prior to the Census Day (end of add/drop period) of the class term for which the tuition and fees were paid. The refund will be applied to the appropriate financial aid program.

Post-Withdrawal Disbursement

Financial aid recipients who drop before each term’s census date are subject to a post-withdrawal disbursement. The institution will release to a student any amount of a post-withdrawal disbursement of grants not credited to the student’s account no later than 45 days after the date the institution determines the student withdrew. The college will notify the student if (s)he is due loan funds. The student is required to notify the financial aid office within 14 days from the date the student received notification to accept loan funds.

Repayments

As a result of a schedule adjustment or a total withdrawal after financial aid payment has been made, two kinds of repayments could occur.

Schedule Adjustment Repayment

Financial aid is paid based on a particular level of enrollment. When for whatever reason, there is an adjustment down to a lower level of enrollment and a financial aid payment has already occurred, the student may owe a repayment of funds received.  

Total Withdrawal Repayment

A total withdrawal repayment occurs when a student withdraws or fails (receives a failing grade) in some or all of his or her courses.  LCC must determine the percentage of financial aid earned as a function of the number of days attended divided by the number of days in the payment period.  The financial aid office will determine the withdrawal date no later than 30 days after the earlier of:
 

• End of payment period or the period of enrollment
• End of the academic year
• End of the student’s educational program

If the return calculation results in an amount to be returned to the Department of Education, LCC will return the required amount creating a bill at LCC on the student’s account. 

Lamar Community College returns on behalf of financial aid recipients will be credited to the appropriate financial aid program in the following order:

For additional information on Refunds and Repayments and examples, contact the Financial Aid Office. 

Buying Books with Financial Aid

If the amount of the student’s financial aid award exceeds the tuition, fees, room and board charges for that term, or if the student has a scholarship designated specifically for textbooks, (s)he may receive a book voucher to purchase required books from the eCampus bookstore. The Financial Aid Office will verify whether a student has eligibility to charge.

Students wishing to cover charges in addition to tuition, fees, room, and board with Federal Title IV aid must authorize these charges with Student Services. Extra charges will only be allowed once authorized by the student.

If a student has not yet been awarded financial aid and/or is just beginning the application process, one may request his/her application be reviewed to determine eligibility for a “Bookstore Voucher”. When the student’s financial aid is awarded and processed, these charges will be automatically paid from the aid and any remaining aid will be released to the student through the Cashier’s Office located in Student Services Center. Any charges unmet by financial aid are the responsibility of the student.

General Information and Definitions of Commonly Used Terms

Academic Advisor:

All students receiving financial assistance should have an academic advisor and should consult with this advisor when preparing class schedules (including students in the Associate of General Studies program). Inappropriate selection of classes will not be an acceptable excuse for failure to make satisfactory and measurable academic progress or course selection inapplicable to degree. Students who enroll in courses that do not apply to their chosen degree path will not be eligible for Title IV Financial Aid for that course unless the appropriate course substitution is approved and the paperwork completed and turned in prior to census by the student and their advisor.

Academic Year:

For Federal Student Aid purposes at LCC, an academic year consists of 30 weeks of instructional time, during which a full-time student is expected to complete the equivalent of at least 24 credit hours.

Consortium Agreements:

A consortium agreement is an agreement that allows students to take courses at two institutions simultaneously and receive financial aid for the total enrollment. Consortium agreements can apply to all Title IV-eligible degree and certificate programs at LCC. Under a consortium agreement in which LCC is the home school, students may take courses at a school other than the LCC and have those courses count toward the degree or certificate at the LCC; in these situations, LCC will award and pay financial aid toward the student’s total combined enrollment. A student can only receive federal student aid assistance for courses that are applicable to the student’s certificate or degree program. Conversely, the LCC Financial Aid Office will complete consortium agreements presented by students attending other institutions; in these situations, LCC serves as the host school and will not pay financial aid toward the courses taken at LCC. Typically, Consortium agreements are processed on an individual student basis.

Course of Study:

To receive Federal Student Aid, students must enroll in a Title IV-eligible program that leads to an associate degree or in an eligible certificate program.

Declaration of a Major:

Every student who receives financial aid must have declared a Title IV-eligible academic major to be eligible for aid. Financial assistance may be given to students who are in the general studies program as long as the student is enrolling in courses to satisfy the federal education requirements. Students who need to take remedial courses are limited to 30 hours of remedial courses that will be covered by financial aid. All attempted hours in the remedial courses are counted, including withdrawals. Students who need additional remedial classes once they have taken 30 hours will need to pay for those classes on their own.

Incomplete:

An incomplete (I) grade is one given for which no credit was earned. An “I” grade is considered a non-completed course according to SAP. When the course is completed and a satisfactory grade earned, the student may request a recalculation of SAP status. 

Official and Unofficial Withdrawals:

A student may officially withdraw from his or her courses by: 1) completing a withdrawal form and submitting it to Student Services, or 2) withdrawing from the course(s) online through Lope Access (student portal). A student is considered to have unofficially withdrawn if they receive unsatisfactory grades in some or all courses.

Repeat:

For Federal Student Aid purposes, after receiving a passing grade, students may receive Title IV aid for repeating a course only once more and may not receive aid again for the third or subsequent time taking the same course. 

Professional Judgments and Dependency Overrides:

LCC administrators consider professional judgment requests for students with extenuating circumstances that have significantly compromised the accuracy of the current FAFSA on file at LCC.  Such circumstances include: 1) change in income from work, 2) change in income other than from work, 3) high medical or dental expenses, and 4) other extenuating circumstances to include special circumstances due to the COVID Pandemic.  Students may request a professional judgment by completing the Professional Judgment Request form and providing supporting documentation.  The decision made by LCC administrators is effective only at LCC for the current aid year and does not guarantee improved aid eligibility.

LCC administrators consider dependency override requests for students who do not meet the federal criteria for independent status on the FAFSA and have extenuating circumstances. Neither a parent’s refusal or unwillingness to contribute to the student’s education nor a student’s financial independence will be considered extenuating circumstances for the purposes of dependency override consideration.  Students may request a dependency override by completing the Dependency Override Request form and providing supporting documentation.

Self-help:

Self-help awards consist of long-term student loans and part-time employment. All students are expected to make a commitment, from both current and future earnings, to the financing of their education. The implications and responsibilities inherent in the acceptance of such student aid shall be clearly explained to each student.

Study Abroad:

If LCC enters into an agreement with a foreign school, a student’s enrollment in a program of study abroad may be approved for credit at LCC for the purpose of Federal Student Aid.

Transfer Student:

A student transferring to LCC from another post-secondary institution who enrolls at LCC for the first time shall be assumed to be making satisfactory progress without submitting transfer transcript. The policies of satisfactory progress at LCC shall apply to such a student after his/her enrollment. This student may, however, deem it necessary to provide the College with a copy of a transfer transcript. 

Statement of Nondiscrimination

The State of Colorado and Lamar Community College believes that equity, diversity, and inclusion drive our success, and we encourage candidates from all identities, backgrounds, and abilities to apply. The State of Colorado and Lamar Community College is an equal opportunity employer committed to building inclusive, innovative work environments with employees who reflect our communities and enthusiastically serve them. Therefore, in all aspects of the employment process, we provide employment opportunities to all qualified applicants without regard to race, color, religion, sex, disability, age, sexual orientation, gender identity or expression, pregnancy, medical condition related to pregnancy, creed, ancestry, national origin, marital status, genetic information, or military status (with preference given to military veterans), or any other protected status in accordance with applicable law as required by Title VI, Title IX, Section 503 & 504 of the Rehabilitation Act, VEVRAA, Age Discrimination Act, and Title II of the ADA. Inquiries may be directed to: Human Resources Director, Lamar Community College, 2401 S. Main Street, Lamar, CO  81052, or 719.336.1572 or LCC.HR.Staff@lamarcc.edu.
 
For information regarding civil rights or grievance procedures, contact our Title IX Compliance/Equal Opportunity Coordinator, The Director of Human Resources at Lamar Community College, 2401 S. Main Street, Lamar, CO  81052, or 719.336.1572 or LCC.HR.Staff@lamarcc.edu and state law, or the State Board for Community Colleges and Occupational Education Board Policies 3-120 and 4-120.  The College does not discriminate on the basis of sex/gender, race, color, age, creed, national or ethnic origin, physical or mental disability, veteran status, pregnancy status, religion, genetic information, gender identity, or sexual orientation in its employment practices or educational programs and activities.  Lamar Community College will take appropriate steps to ensure that the lack of English language skills will not be a barrier to admission and participation in vocational education programs.

The College has designated the Director of Human Resources as its AFFIRMATIVE ACTION (AA), OFFICER, EQUAL OPPORTUNITY (EO) OFFICER, 504 COORDINATOR, AND TITLE IX COORDINATOR with the responsibility to coordinate its civil rights compliance activities and grievance procedures. If you have any questions, please contact THE DIRECTOR OF HUMAN RESOURCES at 719.336.1572, EOandTitleIX@lamarcc.edu, or 2401 S Main St, Lamar, CO 81052.

You may also contact the Office for Civil Rights, U.S. Department of Education, Region VIII, Federal Office Building, 1244 North Speer Boulevard, Suite 310, Denver, CO 80204, Telephone 303.844.3417.

All LCC customers have access to services, programs, and activities in accordance with the Americans with Disabilities Act of 1990. 

Special needs requests may be directed to:

Lamar Community College’s Special Populations Coordinator

2401 South Main 

Lamar, CO 81052

719.336.1533

Questions:

If you have further questions regarding financial aid, please contact:

Financial Aid Office
Lamar Community College
2401 S. Main St.
Lamar, CO 81052
719.336.1590
Aid@lamarcc.edu