About Financial Aid
Financial aid is a necessity for almost everyone attending college today, and Lackawanna College is sensitive to the challenge students and families face in paying for their studies.
Financing higher education should be a partnership between the student and his/her family, the state and federal governments, and the institution. It is our hope that this partnership will make it financially feasible to help our students find their future.
Nearly 95% of the Lackawanna student body receives some form of financial aid. Each student’s financial situation is individually assessed after a thorough review of their submitted financial information. In order to begin the financial aid application process, the federal government requires you to complete the Free Application for Federal Student Aid (Lackawanna College School Code: 003283).
Loan Default Prevention
A student loan is a serious obligation and must be repaid. Please refer to the Loan Default Prevention Handout here for more information on deferment, grace periods, types of repayments, and more!
National Student Loan Data System
Institutions that enter into an agreement with a potential student or parent of a student regarding a Title IV loan are required to inform the student or parent that the loan will be submitted to the National Student Loan Data System (NSLDS) and will be accessible by guaranty agencies, lenders, and institutions determined to be authorized users of the data system.
Consumer Loan Disclosure Notice
In compliance with federal regulations under HEOA Sec. 489 amended Sec. 485B (d) (4) (20 U.S.C. 1092b), the College is required to notify you that approved loans will be submitted to the NSLDS by the U. S. Department of Education and will be accessible by guaranty agencies, lenders, and institutions determined to be authorized users of the data system as determined by the U. S. Department of Education.
The Consolidated Appropriations Act of 2005 (PDF) states that “each educational institution that receives Federal funds for a fiscal year shall hold an educational program on the United States Constitution on September 17 of such year for the students served by the educational institution.”
For more information, visit the Constitution Day website.
For helpful tips on beginning the financial aid application process, please review the College’s Financial Aid Checklist.