FAFSA Information
Free Application for Federal Student Aid

WARNING:
You should never pay someone to apply for financial aid. It’s free at fafsa.gov

Submit FAFSA online as early as possible. See Financial Aid date and deadlines.

What happens after you submit a FAFSA?
Federal Processor: within 3 days the Department of Education’s organization will email the Student Aid Report (SAR) to the applicant. The Student Aid Report (SAR) is a summary of the information reported on the FAFSA and sent to the student.

LCC: will draws down the FAFSA information every Monday.
Review your Financial Aid information on myLane to complete the necessary requirements.
myLane – Lane’s secure self-service web tool.

33% of Lane students will be selected to prove their income.

Once your requirements are satisfied, it will take anywhere from 2-6 weeks to receive an award letter. Between January and June each year the first award letters will not go out until the first week of June.

New FAFSA’s are available every January 1st

Common Application (FAFSA) Errors

• Using an incorrect SSN or date of birth.
• Reporting your name incorrectly – use the name that appears on your Social Security Card.
• Failing to complete parent information if you are a dependent student.
• Misreporting household size – see guidance provided on FAFSA application
• Reporting income tax withheld instead of tax paid
• Failing to submit all required signatures
• Reporting cents. Report whole dollar amounts only