The primary purpose of the student financial aid program at Lake-Sumter State College is to provide financial assistance to academically qualified students who could not further their education without financial aid. Parents and students are expected to make the maximum possible contribution to meet the student's educational expenses.
The Student Financial Aid Program provides assistance in the forms of scholarships, grants, loans, and employment.
Students should have a complete file in the Financial Aid Office by May each year for priority consideration for the following academic year. Complete information on all aid programs is available in the Financial Aid Office.
- A separate application is required if you are applying for a Federal Direct Subsidized/Unsubsidized Loan. Loan packets are available in the Financial Aid Office.
- You will receive an award letter through Laker mail once your file is processed by the Financial Aid Office. This will let you know the types of aid for which you are eligible at that time. Students will also have the option to accept or decline awards through their LOIS accounts.
- Please notify the Financial Aid Office if you are expecting the Florida Bright Futures Scholarship.
- Follow up on your application. You are responsible for following up on your financial aid application. Do not wait until school begins.
- If you are awarded financial aid, it is your responsibility to drop your courses if you decide not to attend your classes.
To receive aid from the major financial aid programs at LSSC, students must meet the following requirements:
- Demonstrate financial need in accordance with the Federal financial needs analysis formula.
- Have a high school diploma or a GED.
- Be enrolled or accepted for enrollment as a regular student working toward a degree in an eligible program.
- Be a US citizen or eligible non-citizen.
- Be enrolled at least half-time (6-8 credit hours) for most programs.
- Have signed certification statements of "Educational Purpose/Refunds and Defaults" on FAFSA.
- Have a valid social security number.
- Register with the Selective Service, if required.
- Make satisfactory academic progress.
- Financial aid recipients should only take classes that apply to their degree program at Lake-Sumter Community College and only one degree can be pursued at a time.
Financial Aid Deadlines
A FAFSA (Free Application for Federal Student Aid) must be completed for each academic year and one FAFSA serves throughout that entire academic year (Fall through Summer). The FAFSA becomes available each January for the following academic year, and you should apply as early as possible because many financial aid programs have limited funding that will go only to early applicants. For best results, apply each year by April 15th.
File Completion Dates
Files are processed in order by the date the items are received. To have your financial aid processed in time for your registration fees to be paid by financial aid by the fee payment deadline, you must complete ALL STEPS in the application process by the Financial Aid File Completion Date:
2013-2014 Academic Year
Fall Term 2013— May 23, 2013
Spring Term 2014 — November 8, 2013
Summer Term 2014 — April 11, 2014
2012-2013 Academic Year
Fall Term 2012— May 24, 2012
Spring Term 2013 — November 8, 2012
Summer Term 2013 — April 11, 2013
If you miss the Financial Aid Priority Deadline for the term in which you wish to enroll, you still should apply for financial aid and register for classes before the end of the add/drop period. Your application will be accepted and processed; however, it may not be processed in time for you to use your financial aid to pay for your fees and books. If this is the case, you will need to make other arrangements to pay your fees and purchase your books; then if you qualify for financial aid, a balance check will be issued to you later in the term. You can seek help with paying your fees through the Tuition and Installment Plan (TIP).