Page 19 - 2021-22 LWTech Student Handbook
P. 19

• Achieve and maintain satisfactory academic progress in the chosen program of study as defined by the financial aid satisfactory academic progress policy;
• Not be in default on any previous student loans or owing a refund on any grants;
• A high school diploma or equivalent such as a GED is generally required to receive aid; however, students without a high school diploma or GED may receive aid under certain conditions if they meet Ability to Benefit requirements.
• Students with a bachelor’s degree or equivalent from the United State or a foreign country are not eligible for most federal or state grants but may receive assistance from student loans, work-study, or scholarships where available.
Need Determination
Need determination is the amount of assistance received based on the student’s demonstrated need, determined by the completion of a Free Application for Federal Student Aid (FAFSA) or Washington Application for State Financial Aid (WASFA).
Attendance Costs
Student budgets estimate expenses for a nine-month academic year, or three quarters. This budget determines a student’s financial need. Budgets include standard, or average, expenses for a student’s cost of attendance. Indirect educational expenses (room/board, transportation, food, etc.) are based on averages for Washington State students; as determined by the Washington Financial Aid Association. Direct educational expenses are an average of tuition, fees, and other college costs.
Financial Aid Deadlines
To receive priority consideration for funding, students must meet posted deadlines. Some financial aid funding is limited and the office cannot guarantee funds will be available. The deadline will be met when all applicable, required items are received by the Financial Aid office by posted deadlines. Applications turned in after the posted deadline will be considered for funding during the next quarterly deadline.
Application processing deadlines:
• Summer 2021: March 15, 2021
• Fall 2021: June 15, 2021
• Winter 2022: October 4, 2021
• Spring 2022: January 4, 2022
• Summer 2022: March 15, 2022
Federal Financial Aid Refund Policy
Students who receive certain federal and state financial aid are subject to state repayment and federal Return to Title IV Funds regulations. These regulations state that aid eligibility for most students receiving state or federal aid must be recalculated if the student withdraws from all classes early or ceases to attend during the quarter. Some students may owe a repayment of funds received. These regulations and any resulting amounts owed are separate from and may be in addition to the college’s own tuition refund policy.

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