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Financial Assistance
Federal/State Financial Aid
In order to be eligible for federal/state aid (which includes grants, loans and work-study) you must complete a Free Application for Federal Student Aid (FAFSA). These forms are available at any LTC campus and most high schools or you can apply online. Continuing students must reapply each academic year.
To apply online you must have or request a PIN (Personal Identification Number) for you and, if necessary, your parents. This allows you to electronically sign your application. Request a PIN at www.pin.ed.gov.
Apply for federal/state aid online: www.fafsa.ed.gov
LTC’s School Code is 009194.Grants are federal and state aid that do not have to be paid back as long as the student completes the semester for which the grant was received. These grants include:
- Federal Pell Grant
- Federal Supplemental Educational Opportunity Grant (SEOG)
- Wisconsin Higher Education Grant (WHEG)
- Talent Incentive Program Grant (TIP)
- Wisconsin Indian Grant (WIG)
Loans are borrowed money that must be repaid by the student with interest.
- Repayment begins six months after the student stops attending school at least half-time. As of July 1, 2006 all Stafford loans are locked in at 6.8% interest rate for the duration of the loan. The government pays the interests while the student is enrolled in college at least half-time and during the six-month grace period.
- Federal Stafford Unsubsidized loans are not based on need. Thus any student enrolled in college at least half-time is eligible. The interest accrues from the time the money is disbursed to the student. The student can either make interest payments or let the interest accrue and capitalize it when he/she begins repayment.
Work–Study is a part–time job on or off campus. Students are paid an hourly wage for working at designated work sites.
Scholarships Available
- The LTC Foundation at www.gotoltc.edu/foundation.
- Organizations and clubs to which you, your spouse or your parents belong.
Payment Options
Cash: Students are responsible for payment of their fees on or before the following dates or their registration will be cancelled:
Summer Semester–Tuition is due at time of registration
Fall Semester–August 1
Spring Semester–December 15Check/Credit Card: LTC accepts MasterCard or Visa. Both check and credit card payments are accepted online at My LTC.
Installment Payment Plan: Students enrolled for six or more credits may participate in the Installment Payment Plan if their fees are over $400. Three equal payments are made, beginning with the first installment, due August 15 (fall semester) or January 15 (spring semester). A $25 fee is applied per semester to participate in the payment plan. Students are able to enroll in the payment plan online at My LTC.
Financial Aid: Students receiving financial aid must have a completed financial aid file by August 1 (fall semester) or December 15 (spring semester) to have their tuition and fees deferred. If financial aid does not cover the entire amount owed to LTC, the student is liable for the immediate payment of the balance. Students will be mailed a bill until tuition is paid in full.
Agency/Employer Sponsorship: If financial assistance is provided on behalf of a student by an agency or an employer, written authorization from the sponsor must be on file by August 1 to allow the student to defer payment of tuition, fees and books (per the sponsor authorization). The sponsor will be billed directly for the authorized costs. If the sponsor does not cover the entire amount of the student’s tuition and fees, the student must choose from the above options for the remaining balance. Book costs may not be deferred unless covered by the sponsorship. If a tuition refund is due, third-party sponsorships may be given priority.
Consumer Beware!
Students are cautioned not to pay a fee to agencies which offer scholarship search services or financial aid consulting services without first checking the validity of that agency