Complete Your FAFSA

8 Easy Steps to Apply for Financial Aid

Help me choose my FAFSA information...

If I plan to attend LRSC:

Fall 2023

Spring 2024

Summer 2024 Fall 2024 Spring 2025 Summer 2025

I will fill out the FAFSA form for:



2023-2024 2024-2025 2024-2025 2024-2025

I will use IRS Tax Year:



2021 2022 2022 2022

1. File the Free Application for Federal Student Aid (FAFSA)
School Code: 002991

A student and parent can take steps to make the process easier. Complete your Federal Tax returns before completing the FAFSA. Use the IRS Data Retrieval Tool. This tool allows students and parents to access the IRS tax return information needed to complete the Free Application for Federal Students. This information is generally available 2-3 weeks after taxes have been filed electronically.

October 1st -- To be considered for federal financial aid (grants, loans, or work-study), students can complete the FAFSA. The FAFSA becomes available on October 1st for the next school year.

Early Spring -- Priority funding for Supplemental Grant, Perkins Loan, Work-Study, and the North Dakota State Incentive grant.

2 Weeks -- Allow at least 2 weeks for processing the electronic FAFSA.



2. Complete the Lake Region State College Application for Admission

Students must be accepted for admission as regular students seeking a degree in an eligible program to be eligible for federal financial aid. Students must apply for and be accepted for admission to Lake Region State College before financial aid can be disbursed.

3. Check your Student Aid Report (SAR) for Accuracy

5 - 7 Days -- If you filed an electronic FAFSA, you will receive an email from the Federal Student Aid Program informing you:

  • Your application has been processed

  • How to access your Student Aid Report

  • To check your Student Aid Report for accuracy. If there is an error, you need to make corrections online.

4. Verification

If selected for verification, the Financial Aid Office at Lake Region State College will request documentation to satisfy verification requirements such as:

5. Financial Aid Offer Notice

First-year freshman will receive a paper offer notice in April from LRSC detailing the amounts and types of financial aid the college is offering. Offers will be made on a rolling basis as Financial Aid Applications are received throughout the year.

  • You can accept your offer using Campus Connection

    • In Student Center under Finances click on Accept/Decline Awards

  • You can complete, sign and return the offer notice to the LRSC Financial Aid office or

  • Read more information -- Offer Notice Supplement 2023-2024

6. Master Promissory Note

Students accepting a Federal Direct Loan for the first time must complete a Master Promissory Note

7 Loan Counseling

If you are receiving a Federal Direct Loan for the 1st time, you MUST complete Loan Entrance Counseling before the 1st disbursement. Complete Loan Counseling here. 

8. Financial Aid Disbursement

Financial Aid is disbursed during Tuition and Fee Payment which usually occurs during the 3rd week of class.  Check the academic calendar for specific dates. Financial aid disbursement is based on the student’s enrollment status as of the 10th calendar day of each semester. Students must be registered in all classes, in all sessions, and in terms for the semester before that date so financial aid eligibility can be accurately calculated. Students who register for classes after their financial aid has been disbursed are responsible for paying the tuition for that class. Credits dropped after financial aid has been disbursed but before the class begins will result in a recalculation in financial aid. The student may owe money back to the financial aid programs.

Most Financial Aid (grants, loans, scholarships, etc.) directly credits against the amount the student owes for direct costs such as tuition, fees, on-campus housing and food, books, etc. Financial aid that exceeds the balance is “excess aid” and is disbursed to the student at the Business Office after direct costs are paid. Direct Loan funds received from the Department of Education or funds received from an alternative loan, via Electronic Funds Transfer, are credited directly to your college account. The student may direct deposit their excess financial aid directly into their bank account by going to Forms < Business Office Forms < LRSC Direct Deposit Authorization Form.


Merissa Halvorson
Financial Aid Associate

Kelsey Walters
Financial Aid Director