There are eligibility requirements that must be met before a student can apply for financial aid and maintain their eligibility for financial aid.
- Have a high school diploma, GED or acceptable home schooling documentation.
- Be enrolled in an eligible program.
- Complete all required documents/paperwork.
- Provide supporting documentation where required.
- Maintain a 2.0 GPA.
- Maintain a 95% attendance rate.
Any student convicted of possessing or selling illegal drugs while receiving financial aid may become ineligible for aid depending on the type and number of convictions.
Any individual applying for financial aid may be selected for verification by the Department of Education or LWT. The school will notify the potential student of the verification documents required and the time allowed to complete and return the documents to the school.
Once all of the required documents are completed and processed the school will determine the amount of assistance available to the student.
The school uses the Department of Education formula to determine loan eligibility:
Cost of Attendance – Expected Family Contribution
The Expected Family Contribution is determined through the Federal Needs Analysis System using an assessment of the student/spouse/parent’s income and assets.
The Cost of Attendance is determined by each individual institution. A standard budget is developed using averages costs for a student during their enrollment. Actual costs will vary between students depending on their particular situations. To access LWT cost of attendance visit our net calculator page.
Once the award is determined the financial aid officer will put together an “award package” for the student.