Financial Aid

The Financial Aid office can provide services remotely and is available through virtual meeting for your comfort and convenience.

Schedule an online meeting with Financial Aid

Please allow the Lake Superior College Financial Aid Office sufficient time to process your Free Application for Financial Aid (FAFSA). Processing typically takes 1-2 weeks but can take as long as 2-4 weeks during busy times of the year, such as around the beginning of a new semester. Additionally, there is a 3-5 day delay between when you submit your application for financial aid on StudentAid.gov and when it is delivered to the school. We cannot do anything with your application before we have received it. Once we have received your application for financial aid, you can check on the status of your financial aid application in your e-services. If there is anything more that you need to do, you will be notified via email, letter in the mail, and a viewable letter in your e-services.

To apply for financial aid, fill out the Free Application for Federal Student Aid (FAFSA)

The Department of Education encourages all students to file their Free Application for Federal Student Aid (FAFSA) electronically. You must fill out a new application for financial aid each academic year. Please review these Steps to Fill out the FAFSA for successful filing.

Fall 2024, Spring 2025, and Summer 2025 fall under the 2024-2025 FAFSA application. This application is available online now and features some updates to align with the FAFSA Simplification Act, which was enacted as part of the Consolidated Appropriations Act of 2021. This is the first major redesign of the FAFSA process in over 40 years.

Fall 2025, Spring 2026, and Summer 2026 fall under the 2025-2026 FAFSA. The Department of Education has announced that the 2025-2026 FAFSA will be available online by December 1, 2024.

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New Applicant? First, create an FSA ID

  1. Go to the FSA ID website.
  2. Click “Get Started”.
  3. Enter your Name, Date of Birth, and Social Security Number. Click Continue.
  4. Create a unique username and password and enter your email address, mailing address, and phone number. Then choose and answer four challenge questions, which can be used for account recovery in the future if necessary.
  5. Review your information and read and certify that you understand the information.
  6. Confirm your email address and phone number using the secure codes that you receive via email and text.
  7. (If you are a dependent student) Repeat steps 1 through 6 with a parent to create an FSA ID for them if they do not already have one. See the FAFSA Checklist if you are unsure if you are a dependent student.
  8. Return to the FAFSA form and log in with your FSA ID to fill out the FAFSA online. It is recommended that you wait until 3 days after you have created an FSA ID before you submit the FAFSA. This will allow time for the Social Security Administration to complete verification on your FSA account.

Then, collect all required information and documents

To complete your FAFSA, you and your parents, if required, must consent to allow the Department of Education to utilize your Federal Tax Information (FTI) on file with the IRS. If you do not consent, you will not be eligible to receive financial aid, even if you “successfully” submit your application. If your Federal Tax Information is not found with the IRS, you may be asked to answer questions on the FAFSA about your federal income tax return forms and other aspects of your finances. Be prepared to review your tax return from two years prior (for example: the 2024-2025 FAFSA uses information from your 2022 federal income tax return, 2025-2026 will use your 2023 federal income tax return) so that you can answer these questions correctly. You may also be asked to provide the amount of cash on hand, in your savings and checking accounts, child support payments received, untaxed income received, investments, and the net worth of investments, businesses, and farms. Do not count your primary residence as an investment!

File your FAFSA on the web

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LSC Federal School College Code: 005757

Paper FAFSAs are available by request from the Department of Education at  1-800-433-3243 or from the Office of Federal Student Aid website. You may access your FAFSA Submission Summary (FSS) as soon as 24-48 hours after you have electronically filed your application. LSC will receive a copy of the report electronically after 3-5 business days. After LSC receives your financial aid application information, we must complete a review process, which can take 1-4 weeks. Please be sure to check your e-services and LSC email accounts to stay updated on the status of your financial aid application.

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  • We will contact you if we need any additional information to complete your file.  You will receive a financial aid award notification after we have received and processed all required information. The award notification will tell you the types of financial aid you are eligible to receive and instructions on how to borrow student loans. Note: Award notifications cannot be generated until after tuition and fees have been set for the year.

  • You must go to BankMobile Disbursements Refund Selection and enter your code to select your financial aid refund preference. If you do not have a code, click on “I need a code” and enter the school name, your student ID number, and your school email address. Your student ID is not your StarID and can be found in the upper right when you are logged into e-services. Your school email address is not the username ([email protected]) that you use to log in to your email. Most commonly it will be your [email protected]. If you are unsure, log into your email, click on the circle in the upper right, then click the “View Account” link.

  • Lake Superior College desires to resolve student grievances, complaints and concerns in an expeditious, fair and amicable manner. Students residing outside of the State of MN while attending LSC who desire to resolve a grievance should follow the College’s Student Grievance Procedure.  However, if an issue cannot be resolved internally, you may file a complaint with your State. The Student Grievance Contact Information for Individual States provides phone numbers, emails and/or links to state education agencies. Lake Superior College is accredited by the Higher Learning Commission of the North Central Association.