Financial Aid Eligibility

Most federal and state financial aid is awarded on the basis of demonstrated financial need. The formula used to determine who has need and who does not is:

  • Student Budget - Expected Family Contribution = Financial Need
  • Student Budget is the cost of attending college (tuition, fees, transportation, books, supplies, etc.). Expected Family Contribution is taken from the student's Student Aid Report (SAR).
  • Financial Need is the maximum dollar amount of aid from the various sources for which the student is eligible.

You will not necessarily receive financial assistance up to the maximum dollar amount for which you maybe eligible and your total aid "package" may not meet your Cost of Attendance.

The various sources of aid have maximum award amounts and may be further affected by limitations in the availability of funds. Loans may be available if grant aid is insufficient. Please inquire at the financial aid office if you need additional funding.

Lakeview College of Nursing’s Financial Aid Office verifies all elements of the FAFSA data. You and your family will be requested to provide the documentation
concerning the information required on the FAFSA. Your financial aid file will not be completed and student financial aid (that you may qualify for) will not be
awarded until all verification is complete. Any instances of conflicting, erroneous or omitted information may require a correction to your FAFSA data. Once corrections
are processed and returned you will be updated to any changes in eligibility. It is important that you reply to all requests for verification documentation. Verification must
be completed and corrections made (if applicable) before the end of the semester for which you are applying for student aid funds or all "potential" SFA funds will be
canceled.

Note: The verification process is not related in any way to the due date of the student’s semester billing. It is the student’s responsibility to pay their bill by the billing due
date to avoid being dropped from classes due to nonpayment. In order to apply student aid funding towards direct educational costs the verification process must be
completed and determined accurate and student eligibility determined prior to the billing due date.