Admissions Question: July 13
July 13, 2014
Q: How does the financial aid process work for incoming first year students?
A: Applicants must first complete the Free Application for Federal Aid (FAFSA) by the priority deadline of February 15th. The Financial Aid Office at Lewis & Clark begins mailing financial aid awards in early March. Every effort is made to provide students who complete FAFSAs by our priority deadline with financial aid notification before a decision about enrolling must be made. FAFSA Applications received after the priority filing deadline (2/15) are eligible for federal student loan programs but may be too late for one low-interest rate loan program, the federal Perkins Loan, which is available only to high need students, who file the FAFSA early.
Loans: Students interested in loans need to apply for financial aid as early as possible and should not wait for an admissions decision to begin the financial aid application. As soon as a person is admitted, the Financial Aid Office is notified and if the student’s financial aid file is complete, the award is made immediately. Thus, it is important to have the financial aid file completed at the same time as the admission file.
Scholarships: We award scholarships at the time we make the admission decision. If a scholarship was awarded, that will be noted in your letter of admission. The rest of the financial aid package, which includes student loans, is determined by the Financial Aid Office. That award is sent separately, but should include any scholarships you were awarded at admission. Please read the packet of information to learn how to accept your financial aid and obtain the student loans.