Scholarships
For Lone Star scholarships, do you have to apply for each scholarship individually?
No! There is one application to fill out.
Do you have to pay back scholarships?
No
LSC
Lone Star College
True or False: Once you apply for FAFSA or TASFA once, you automatically are given it each year.
FALSE, you MUST apply each year that you want to be considered.
What is the deadline to apply for fall scholarships at Lone Star?
June 1st
What are the four main types of financial aid?
Grants, scholarships, loans, and work study
Do you have to pay back grants?
No
TASFA
Which kind of loans usually have a lower interest rate? Private or Federal loans?
Federal loans. Federal loans are given at a very low interest rate.
What is the deadline to apply for spring scholarships at Lone Star?
November 1st
The FAFSA needs to be completed this often.
What is every year?
Do you have to pay back loans?
Yes
YES
Scholarships are only for students with a high GPA?
NOT TRUE. Many are based on a GPA requirement, but each scholarship has different criteria.
You use this to sign your financial aid application online.
What is the FSA ID.
When do you have to start paying back loans?
Usually about 6 months after you graduate or stop attending classes.
SAP
Satisfactory Academic Progress
What is the maximum amount of Pell grant that someone can have per year?
$7,395
Once I receive a scholarship, I will automatically receive it each year?
Not necessarily true. Many scholarships are one time scholarships. Some, you can continue to receive if you continue to meet the requirements.
When can you start applying for financial aid each year?
Typically October 1st
What is work study?
Federal Work-Study provides part-time jobs for undergraduate and graduate students with financial need, allowing them to earn money to help pay education expenses. The program encourages community service work and work related to the student’s course of study.
EFC
What is Expected Family Contribution?
What is the name of the main Federal grant?
The Pell Grant