Approved Financial Aid at LTCC

             Federal Pell Grant:  The Pell Grant is a federal financial assistance program for students who have a financial need according to the Pell Grant criteria.  Students must be degree seeking to receive the Federal Pell Grant.  To apply, the Free Application for Federal Student Aid (FAFSA) form must be filled out online at www.fafsa.ed.gov.  Students planning to attend Lebanon Technology & Career Center will enter school code (030424).  When the FAFSA form has been processed, students will receive a Student aid Report (SAR) from the Department of Education.  Lebanon Technology & Career Center will receive the same information.

         Access Missouri Grant Program:  Missouri residents apply for this grant by completing the Free Application for Federal Aid (FAFSA).  The FAFSA must be received by April 1 to be considered for this grant.  Students must also be enrolled full-time, maintain a 2.5 cumulative grade point average, and have an Expected Family Contribution (EFC) figure below $12,000.

         A+ Program:  Lebanon Technology & Career Center participates in the A+ Program, created by the Outstanding Schools Act of 1993.  Eligible students who have graduated from an A+ high school have incentive funds available that cover the full cost of tuition and fees that are assessed to every full-time student.  Housing, books, and program specific fees, such as professional licensing, tools, supply items, etc., are not reimbursed through the A+ Schools Program.  A+ students are required to apply for the Free Application for Federal Student Aid (FAFSA) each year.  Students must complete the financial aid process within the first 30 days each semester to ensure funding.  (Based upon availability of state funding and subject to change by action of the Missouri General Assembly).

 Federal Stafford Student Loan:  This loan program allows students to borrow loans in their own name at low interest rates.  Through this program there is both a “subsidized interest” loan and an “unsubsidized interest” loan.  Combined, the loan limit for a first year dependent student is $5,500 of which no more than $3,500 can be subsidized. 

Independent student are eligible to borrow up to $3,500 for a subsidized loan and an additional $6,000 in unsubsidized funds provided there is a need as determined by eligibility standards.   The fixed rate of interest for a subsidized loan is 6.0% and the fixed rate for an unsubsidized loan is 6.8%.  Interest rates are subject to change yearly.  

      Federal Parent (PLUS) Loan:  Parents of dependent students may borrow an amount not greater than the cost of education minus any student financial aid.  Repayment starts 60 days after the loan has been fully disbursed.  The interest is a fixed rate of 8.5%.  Interest rates are subject to change yearly.