Lakeland College

Available Financial Aid

Click here to view the Lakeland College Undergraduate Evening & Online 2009-2010 Financial Aid Guide

Federal Aid

Pell Grant. This need-based federal program selects eligible undergraduate students and determines the grant amount.

Stafford Loan. This loan program offers a competitive fixed interest rate.  A student must be enrolled in six or more credits per term to be eligible for federal loans.

• Subsidized loans: need based; interest paid by the government while the student is in school; repayment begins six months after leaving college.  This loan program offers a fixed interest rate of 5.6%.
• Unsubsidized loans: not need based; interest begins accruing immediately and is payable from the date of the first disbursement or may be capitalized; repayment begins six months after leaving college.    This loan program offers a fixed interest rate of 6.8%.

Parent Loan for Undergraduate Students (Plus). This federally funded loan is available for parents of dependent students. The interest rate is fixed at 8.5%. This loan is not need based. Parents who are interested should contact the financial aid office or file a Lakeland College PLUS Information Form.  (This applies to the 2009-10 year only.  The Parent Federal PLUS loan process for 2010-11 is to be determined.)

State Aid

Talent Incentive Program (TIP). This program is designated to assist low income, disadvantaged freshmen students. Grants are renewable through the senior year. Students may apply for this grant by contacting the nearest Wisconsin Educational Opportunity Program (WEOP) office.

   

Other Aid

Outside Scholarships/Grants. A student may seek scholarships or grants from various community sources such as local clubs, area churches, church organizations, etc. Some Internet searches are:  www.fastweb.com; www.cashe.com; www.collegenet.com; www.scholarships.com.