How to Apply

Complete the Free Application for Federal Student Aid (FAFSA). It is an application used to determine eligibility for need based federal, state and Lawrence Tech institutional aid programs. The FAFSA is available on the web at www.fafsa.ed.gov.
Based on this application you may be eligible for grants, loans and work study.

Lawrence Tech's school code is: 002279

Grants click here for additional information
Federal Loans click here for additional information
PLUS Loan parents can click her for additional PLUS loan information
Work Study click here for additional information

Federal Student loans are funded through the federal government. To receive a federal loan, you must complete the Free Application for Federal Student Aid (FAFSA) www.fafsa.ed.gov. 

Depending on your financial need, you may borrow subsidized money for an amount up to the annual loan-borrowing limit. Students must demonstrate financial need to apply for a subsidized loan. If you are eligible for a subsidized loan, the government will pay the interest while you are in school, for the first six months after you leave school, and when you qualify to have your payments deferred. Unlike a subsidized loan, the student is responsible for the interest from the time the unsubsidized loan is disbursed until it is paid in full. You can choose to pay the interest or allow it to accumulate and be added to the principal amount of your loan.

After accepting the loan offered, a new borrower will need to complete Entrance Counseling and electronically sign a Master Promissory Note. Funds will then be delivered electronically to Lawrence Tech and disbursed to the student’s tuition account.

Previous borrowers will have funds delivered electronically to Lawrence Tech and disbursed to their student account as early as the beginning of the semester if they are enrolled at least half-time. 

Excess funds will be refunded to student borrower from Business Services with in 14 days of a credit balance on their accounts.

Student and parent borrowers of federal loans have the right to cancel their loan disbursements within 14 days of the disbursement notice. Should you decide to cancel the disbursement of your Federal Stafford Loan, you should contact the One Stop Center at Enrollmentservices@ltu.edu in writing within the specified time period. By canceling the disbursement, you will be responsible for any unpaid tuition and fees, as well as repayment of loan funds already paid to you.

Additional Information about Student Loans

Lawrence Tech strongly encourages you to do your research before choosing a federal and/or a private loan option and/or lender to meet your needs. Please refer to the links below for additional information to help you choose your loan options wisely.

Federal Direct Student Loan Program
Michigan Student Financial Aid
Federal Student Aid
FinAid.org
Great Lakes
Sallie Mae

The above links are not hosted by, nor run by, Lawrence Tech.