Financial Aid

Albany Campus
Takena Hall, Room 117

Monday: 9:00am - 4:00pm
Tuesday: 9:00am - 4:00pm
Wednesday: 9:00am - 2:00pm
Thursday: 9:00am - 4:00pm
Friday: 9:00am - 3:00pm

 

How to Apply

 

Step 1: Fill out the FAFSA or the ORSAA

You will only complete one application, not both. LBCC's school code is 006938.


Start Your 2024–25 FAFSA Form


What’s Changed for the 2024–25 FAFSA Form?


How to Create an Account and Username (FSA ID)


What Does It Mean To Provide Consent and Approval on the 2024–25 FAFSA Form?


FAFSA: Determining Your Dependency Status


What Happens After Submitting Your FAFSA Form?


How Do I Create an Account If I Don’t Have a Social Security Number?


5 Tips for Completing the ORSAA

 

Step 2: Satisfy Financial Aid Requirements

You will receive an email verifying that we have received your FAFSA within two weeks. Once you receive this email, log into your Financial Aid Dashboard in Webrunner to check for outstanding requirements.

You must have all of your financial aid requirements submitted to us by the priority deadline for the term to ensure processing and on-time delivery of financial aid by tuition due dates. Requirements submitted after the term's priority deadline will still be accepted; however, aid may not be completed by the tuition due date.

 

Step 3: Review and Act on Financial Aid Offer

When your financial aid offer is ready, you will receive an "Offer Notification" to view your award in your Financial Aid Dashboard in Webrunner. The offer is based on full-time enrollment, and you can accept or decline. If you are a first-time loan borrower, you will have additional steps at StudentAid.

If you have questions or special circumstances, you may schedule an appointment with a Financial Aid advisor through Watermark.

 

 

Dates and Deadlines

 

Priority Deadlines

What is a Priority Deadline? In order for your financial aid award to be processed and reviewed by our office, you will need to have all of your required documentation in by the posted priority deadline for the term. If you miss the priority deadline, we will still process your file, but you will be responsible to cover your own expenses (living and educational) until we are able to do so.

The following dates do not apply to professional judgment requests. You will need to submit this request while you are still enrolled. Our office will need adequate processing time to process your request so we encourage you to submit your professional judgment request as soon as you know you will need one.

Looking for tuition payment due dates?

2024-25 FAFSA

Available from January 1, 2024 to June 30, 2025.

  Summer 2024 Fall 2024 Winter 2025 Spring 2025
Priority Deadline None August 12, 2024 November 18, 2024 February 17, 2025

 

 

Disbursement Calendar

2024-25 Academic Year

  Summer 2024 Fall 2024 Winter 2025 Spring 2025
Campus Store Charges Available June 17 - July 1, 2024 Aug. 31 - Oct. 7, 2024 Dec. 14, 2024 - Jan. 13, 2025 Mar. 22 - Apr. 7, 2025
Classes Start June 24, 2024 Sep. 30, 2024 Jan. 6, 2025 Mar. 31, 2025
Last Day to Add/Drop Courses (Financial Aid Census Date) July 1, 2024 Oct. 7, 2024 Jan. 13, 2025 Apr. 7, 2025
Financial Aid Disbursement July 2, 2024 Oct. 8, 2024 Jan. 14, 2025 Apr. 8, 2025
30-Day Delay Disbursement July 25, 2024 Oct. 31, 2024 Feb. 6, 2025 May 1 , 2025
Second Disbursement Date July 29, 2024 Nov. 7, 2024 Feb. 13, 2025 May 7, 2025

Note: if you have outstanding or missing documents for financial aid, your disbursement of aid may be delayed.

Definitions

If your financial aid exceeds your student account balance, you may be eligible to use your aid to pay for books or supplies during this time. To be eligible, you must complete all financial aid steps. For example:

  • Documents submitted
  • Completed loan acceptance in Webrunner (if applicable)
  • Completed entrance counseling and master promissory note (if applicable)

You must also register for the number of credits required for your funding (i.e., a minimum of half-time enrollment is required for Direct Loans). Credit balance amounts will vary by student and depend on your aid eligibility.

If you meet these requirements, you may purchase books or supplies through the Campus Store during this time.

This is the start date for classes each term.

This is the last day to add a class for financial aid or drop classes and still receive a tuition refund for 11-week courses. Short-term classes must be dropped earlier, and the dates vary. 

The census date is the point at which enrollment is locked for financial aid purposes. Each term, the census is taken at the end of the last day a student can drop classes for a full refund. Our census date is the Monday of the second week of each term, unless Monday is a holiday and then the census date will move to the Tuesday of the second week of the term. Financial aid is based on the degree-eligible credits you are registered for at midnight on the census date.

Students who are eligible for financial aid will have their aid disbursed on this date. This process will continue weekly thereafter for the remainder of the term. Federal regulations allow three business days to complete this process. Financial aid refunds are created by the Business Office, and it has up to 14 days to issue the refund once a credit has occurred on the student's account.

If all of your classes begin in the second five-week session of the term, financial aid disbursement will be after those classes have begun and instructors have verified attendance. Disbursement dates may vary. If you do not begin attendance in a second five-week course, your aid may need to be revised, and you could owe money back to the college.

Students who have never had a federal student loan before, or do not currently have a federal loan balance, will have a delay on their first loan disbursement. Loans will be disbursed 30 days after the start of the first term in school.

If you have a one-term-only loan, the second disbursement will be disbursed on this date. For one-term-only loans, the funds are divided in half and released in two disbursements; the second disbursement will be on or after the midpoint of the term. This also applies to one-term-only PLUS loans.

 

 

Professional Judgment

You can request an update to your FAFSA based on situations that may have changed since first filing your FAFSA. These fall under two catagories:

You may request professional judgment via Webrunner.

If you have not logged into this site before, it will request a one-time account creation using your FAFSA data.

When requesting an override, you must provide supporting documentation, which will be asked for when submitting the appeal. LBCC's financial aid office will provide you with a decision as soon as possible after reviewing all requested documentation.

Financial aid administrators have the authority, through Section 480(d)(7) of the Higher Education Act, to change a student’s status from dependent to independent in cases involving unusual circumstances.

The US Department of Education has given guidance regarding situations that do or do not qualify as unusual circumstances that may merit an override. In particular, the following circumstances do not merit a dependency override, either alone or in combination:

  • Parents refuse to contribute to the student’s education;
  • Parents are unwilling to provide information on the application or for verification;
  • Parents do not claim the student as a dependent for income tax purposes;
  • Parents live away from student (out-of-state) or in a foreign country;
  • Student demonstrates total self-sufficiency.

However, we acknowledge that sometimes there are additional circumstances that occur separate of or in conjunction with these circumstances (above) that do merit a dependency override. These can include:

  • an abusive family environment (e.g., sexual, physical, or mental abuse or other forms of domestic violence)
  • abandonment by parents
  • incarceration or institutionalization of both parents
  • parents lacking the physical or mental capacity to raise the child
  • parents whereabouts unknown or parents cannot be located
  • parents hospitalized for an extended period
  • an unsuitable household (e.g., child removed from the household and placed in foster care)
  • married student’s spouse dies or student gets divorced

If you do not meet the criteria above, you are considered a dependent student per the Department of Education eligibility criteria and must provide parental information on the FAFSA to be considered for all federal and state aid eligibility.

In rare cases, it may be advised for you to consider appealing for financial aid without parental information on the FAFSA. This request, if approved, results in Federal Direct Unsubsidized Loan eligibility only. Please consider this option carefully and review with a financial aid advisor if you have questions.

Who qualifies for this request?

A dependent student whose parent(s) refuse to complete the parent data on the FAFSA and whose parent(s) do not financially support them. This includes personal expenses, housing, health insurance, etc. The student must be 100% responsible for their personal, medical, and educational expenses.

What is required to be considered?

Complete the Unsubsidized Loan Request Without Parental Data on FAFSA and submit it to us (see contact information above).

This includes a signed statement from your parent(s)’ regarding their refusal to complete the FAFSA and that they no longer financially support you.