Step 2 - Financial aid information
Financial Aid Night
- Lowell offers an informational Financial Aid Night and it usually takes place in late October. Financial Aid Professionals will be in attendance and will help you fill out the Free Application for Federal Student Aid (FAFSA)
- Financial Aid Power Point - Download this informational power point to learn about the Financial Aid Process in detail.
- FAFSA - Free Application for Federal Student Aid - Click Here
- What is needed to fill out the FAFSA:
- FSA ID - Username and password for BOTH student and parent
- Most recent federal tax form for parent and student (Note: You may be able to transfer your federal tax return information into your FAFSA using the IRS Data Retrieval Tool.)
- W2 forms for parent and student
- Social Security Number for parent and student
- Drivers License for student
- Current Bank Statements
- Grants -
- Grants and scholarships are often called “gift aid” because they are free money—financial aid that doesn’t have to be repaid. Grants are often need-based, while scholarships are usually merit-based. Grants and scholarships can come from the federal government, your state government, your college or career school, or a private or nonprofit organization. Do your research, apply for any grants or scholarships you might be eligible for, and be sure to meet application deadlines!
- Work Study
- It provides part-time employment while you are enrolled in school.
- It’s available to undergraduate, graduate, and professional students with financial need.
- It’s available to full-time or part-time students.
- It’s administered by schools participating in the Federal Work-Study Program. Check with your school's financial aid office to find out if your school participates.
- Loans
- Direct Subsidized Loans are loans made to eligible undergraduate students who demonstrate financial need to help cover the costs of higher education at a college or career school.
- Direct Unsubsidized Loans are loans made to eligible undergraduate, graduate, and professional students, but eligibility is not based on financial need.
- Direct PLUS Loans are loans made to graduate or professional students and parents of dependent undergraduate students to help pay for education expenses not covered by other financial aid. Eligibility is not based on financial need, but a credit check is required. Borrowers who have an adverse credit history must meet additional requirements to qualify.
- Direct Consolidation Loans allow you to combine all of your eligible federal student loans into a single loan with a single loan servicer.
- If you listed a school on your Free Application for Federal Student Aid (FAFSA®) form and have been offered admission by that school, the financial aid office at the school will send you an aid offer (often electronically). The offer includes the types and amounts of financial aid you may receive from federal, state, private, and school sources. This combination of aid is your financial aid package.
- Whats Next? Click Here to learn about what is next after you fill out the FAFSA
- The Tuition Incentive Program (TIP) encourages eligible Medicaid recipients to complete high school by providing tuition assistance during an eligible student’s qualifying certificate or associate degree program and also during the student’s bachelor’s degree program.
