Complete Your FAFSA

8 Easy Steps to Apply for Financial Aid

Help me choose my FAFSA information...

If I plan to attend LRSC:

Fall 2021

Spring 2022

Summer 2022

Fall 2022

Spring 2023

Summer 2023

I will fill out the FAFSA form for:







I will use IRS Tax Year:







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 prior to 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

Completing the FAFSA via Mobile App — A How-To Guide

If you are completing your 2021-2022 FAFSA, but you or your family's financial situation has changed since 2019, you may be able to receive an aid adjustment. Contact the Financial Aid Office.


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

5. Award Notice

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

  • You can accept your award using Campus Connection

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

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

  • Read more information -- Award Notice Supplement 2021-2022

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 Entrance Loan Counseling before the 1st disbursement. Complete Entrance Loan Counseling here. 

8. Financial Aid Disbursement

Financial Aid is disbursed during Tuition and Fee Payment that 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 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 room and board, 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.