Choosing how to pay for college is often one of the first major financial decisions that young adults make. Financial literacy education can provide an understanding of how to manage personal finances, establish financial goals, and form a plan to reach them.
Pell Grant, FSEOG, WCG, College Bound, LWTech Grant
The WCG (formerly the Washington State Need Grant) program helps the state’s lowest-income undergraduate students pursue degrees, hone skills, or retrain for new careers.
Foundation, Outside Organizations
Work Study provides part-time jobs to students with financial need.
Understanding how to repay your federal student loans can save you a lot of time and money. Check out this video to learn more about changing repayment plans, postponing or reducing your payments, or combining your federal student loans.
Average Loan Balance: $9,962
Interest Rate: 3.9%
Standard Repayment: $100/month
Total Loan Payment: $12,047
Average Loan Balance: $26,946
Interest Rate: 3.9%
Standard Repayment: $272/month
Total Loan Payment: $32,585
The consequences, which can be severe, include the following:
The Washington Application for State Financial Aid (WASFA) is a free application for undocumented students/DREAMers to apply for student financial aid. Upon successful completion of a WASFA, the college(s) you choose will use the information you provide to determine your eligibility to receive Washington State financial aid, including the Washington College Grant (formerly the Washington State Need Grant), the College Bound Scholarship, or State Work Study.
Undocumented students need to meet one of the following standards:
If you meet this standard, you could qualify for two benefits:
While you’re in college or career school, you’ll need to learn how to manage your finances, plan for changes, and prepare for the unexpected. Budgeting will help you build decision-making skills and reach your financial and academic goals.
The difference between credit and debt is essentially a story of "before" and "after."
“Receiving scholarships during my time at LWTech has really freed me to focus fully on my program. I think that has really paid off in academic achievement, lower stress and more possibilities in the future.”
– Peter Stanton, The Boeing Company STEM
Scholarship & LWTech Foundation
Bright Futures Scholarships
Federal Student Aid Ombudsmen Group
U.S. Department of Education
FSA Ombudsman Group
P.O. Box 1843
Monticello, KY 42633
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Mon-Fri, 7:30 a.m. to 4:30 p.m.
Mon-Thurs, 6 a.m. to 10 p.m.
Friday, Closed to the public
Lake Washington Institute of Technology (LWTech) is committed to providing access to information for all, therefore we are taking the following measures to ensure accessibility of the college’s public facing website (LWTech.edu), and third-party platforms utilized by students, staff, and community members.
The college is currently conducting an audit to determine the extent to which its website and third-party platforms are compliant.