Financial aid is money to help pay for college through grants, low-interest loans, and work-study. Aid can come from the U.S. federal government, the state, or the college you attend.
Lake Region State College understands financial aid can be complicated and unfamiliar. We want to help you learn about budgeting, awarding, and receiving aid, so you are confident and comfortable about your college funding. LRSC is a Title IV institution. Title IV schools are the only institutions where individuals are eligible for federal student aid. Eligible attendees of these colleges can receive student loans, grants and enter a federal work-study program.
The requirements for a school to become a Title IV college are rigorous. To be eligible, the state where the school is located must authorize it to offer postsecondary educational degrees.
Title IV (Title four) was one of the eight different titles in the Higher Education Act of 1965, a law designed “to strengthen the educational resources of our colleges and universities and to provide financial assistance for students in post-secondary and higher education.”
It specifically covers financial assistance. Many schools out there have the designation and their own policies around the use of those funds, too. Most private student loan and refinancing companies require that your loans are from attending a school that is Title IV. LRSC's code is 002991.
Let's start with Financial Aid Facts...
If you have questions, contact the Financial Aid office for assistance:
Financial Aid Director
Financial Aid Associate