Lake-Sumter Community College


Frequently Asked Questions

When should I re-apply for financial aid for the next academic year?

The FAFSA becomes available each October 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 1st. 

 

How do I know if I am Independent or Dependent for The FAFSA? 

Determining Your Dependency Status 

 
 

Do I need to do anything else once I apply for financial aid?

You will receive an email if there is additional information needed via your LakeHawk email account. The required documents can be reviewed on your LOIS account. 

I have a negative balance on my account; I thought I had financial aid?

I have a negative balance on my account; I thought I had financial aid?
When the amount of financial aid awarded to you exceeds the charges on your account, a credit balance is created. The negative balance is the amount owed to you in the form of a refund which is disbursed by the Business Services Office. Please go to the  Business Service's page for more information.
 

*NOTE: Please make sure our Admissions Office has your current address.  

When will I receive my refund from my financial aid?

For students who are awarded Financial Aid refunds are issued no later than 14 days after aid has been disbursed to their Business Services account.  Financial Aid is disbursed after attendance has been confirmed usually the end of the third week of each semester.

I received a bill, but I have been awarded financial aid. What do I do?

If the amount of financial aid awarded exceeds your total charges then a courtesy hold will be placed on your classes until the financial aid funds are disbursed to your account.  

If I have been awarded a loan, when will I receive my loan funds?

First time borrowers in the first year of study cannot receive their first disbursement until thirty (30) days after the term begins. If your loans has been accepted the Master Promissory Note (MPN) and Entrance Loan Counseling has been completed, your loan will be disbursed with the rest of your Financial Aid.

I didn't file a tax return and I have no income. What do I put on the FAFSA application?

You can select on that you did not file taxes, and put you earned zero income.  You will be required to submit to the Financial Aid Office a signed Low Income Statement indicating how you meet your day to day living expenses.

 

I have been awarded Bright Futures, how do I get my information to the school?

Students should contact the FL Department of Education at 1-888-827-2004 or go to the website at www.floridastudentfinancialaid.org to select the institution you will be attending. In addition, you should contact the Financial Aid Office.  

How do I utilize Bright Futures at LSSC for the payment of classes?

The basic eligibility requirements for Bright Futures are that you must be a Florida resident and a U.S. Citizen or eligible non-citizen (as determined by Lake-Sumter State College), must be degree seeking, register for at least 6 credit hours per term and have your High School and all college transcripts submitted to LSSC. he basic eligibility requirements for Bright Futures are that you must be a Florida resident and a U.S. Citizen or eligible non-citizen (as determined by Lake-Sumter State College), must be degree seeking, register for at least 6 credit hours per term and have your High School and all college transcripts submitted to LSSC.  

*Please note: Bright Futures does not pay for college preparatory classes.

How do I qualify for Work-Study?

To be eligible for the Work Study program you must first apply for financial aid using the FAFSA application.  Eligibility criteria include: must have verifiable need, maintain Satisfactory Academic Progress.
 
 

LSSC is an equal access / equal opportunity institution