2 - Lake Washington Institute of Technology

FINANCIAL AID
West Building, W209 | (425) 739-8106
financialaid@lwtech.edu
To help finance your education, we encourage you to
inform yourself about financial aid through our website
www.lwtech.edu/financialaid, by reading the available
literature, or by contacting the Financial Aid Office. Lake
Washington Institute of Technology believes people
should have the opportunity to achieve their educational
goals and the Financial Aid Office is here to help support
you in your educational efforts.
Financial aid is available for eligible students who enroll
either to earn a certificate or a degree. Students and their
families need not be low-income to qualify for some
kinds of financial aid. By applying for financial aid as early
as possible and meeting the institutional priority date,
students have the best chance of being reviewed before
the beginning of each quarter, and the best chance of
maximum funds eligibility each financial aid year.
Financial aid is intended to add to but not replace a
person’s financial resources. If combined resources are
not sufficient to cover expenses, you may be eligible
for financial aid in the form of grants, scholarships,
low-interest loans and student employment. You must
demonstrate a financial need to be eligible for most
types of assistance. Financial need is calculated as the
difference between the cost of attending school and
what you and your family can afford to pay.
SAMPLE CALCULATION:
Cost of Attendance
– Expected Family Contribution
= Financial Need
The Free Application for Federal Student Aid (FAFSA) is
the basic form to apply for assistance and is your passport
to financial aid. Information on this form determines
your eligibility for grants, scholarships, work study and
low-interest loans.
Tuition & Financial Aid
Financial Aid
www.lwtech.edu/financialaid
FINANCIAL AID APPLICATION PROCEDURE
Complete and submit the Free Application for
Federal Student Aid (FAFSA) to the federal processor.
This application collects financial data and other
information used to calculate the Expected Family
Contribution (EFC) that determines a student’s
eligibility for aid. Students may complete their FAFSA
online at www.fafsa.ed.gov, and many of the forms
needed may be downloaded from the Financial Aid
website at www.lwtech.edu/financialaid.
Stay in touch with the Financial Aid Office to be
certain that all information has been received to
complete your file.
Students must reapply for financial aid each year after
January 1 for the new award year beginning with
summer quarter. The financial aid year begins with
summer quarter and ends with spring quarter.
ELIGIBILITY REQUIREMENTS
Students are eligible for financial aid if they are:
Attending for the purpose of obtaining a degree or
certificate at the college. (Some certificate programs
may not be eligible for certain types of aid. Check with
the Financial Aid Office to verify program eligibility.)
A U.S. citizen or an eligible non-citizen.
Making satisfactory academic progress in a program
of study as defined by the institution’s satisfactory
progress criteria.
Not in default on any previous student loans or owing
a refund on any grants.
Registered for the draft with Selective Service (if male),
as required by law.
A high school graduate or have a GED.
Aid may only be offered for classes required for the
student’s program.
Students who have the equivalent of a bachelor’s degree
(including degrees earned in a foreign country) are
limited to applying for loans and work-study assistance.
Students will be notified of their financial aid award by
mail. Awarding begins in May.
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