Cost and Financial Aid
The process of applying for financial aid can be overwhelming the first time. We realize this and would like to assure you that we can help you through the process.
What’s changing for 2017–18?
The 2017–18 Free Application for Federal Student Aid (FAFSA) season will begin earlier than previous FAFSA application cycles. Beginning on October 1, 2016, students will be able to fill out the FAFSA for the 2017–18 school year. (In the past, the FAFSA was not available until January 1). The 2017–18 FAFSA uses financial information from the 2015 tax year. Applicants will no longer need to estimate income and tax information and will be able to retrieve their data directly from the IRS, right from the first day the FAFSA is available by using the IRS Data Retrieval Tool. Students also will have information about their Expected Family Contributions earlier, helping them as they’re going through the college application and selection process. This is a permanent change, so renewal FAFSAs for future academic years can be completed as early as October 1.
The FAFSA is completed online at www.fafsa.gov and will serve as your application for all federal, state and institutional financial aid. Your FAFSA will be processed by the federal government, shared with the state governments and then forwarded to the colleges you list on the application.
Lees-McRae College should be listed on your FAFSA along with our school code of 002939. The LMC priority filing deadline is March 31. Once Lees-McRae College receives the results of your FAFSA, your individual file will be reviewed and a financial aid package prepared specifically for you.
Packaging for new Fall 2017 students will begin around mid-December and continues on a rolling basis throughout the spring. After reviewing the package, you have the opportunity to accept or reject each individual type of assistance being offered.
Financial Aid Timeline
Apply for Admission to Lees-McRae College. Be sure to include ACT/SAT test scores and your official high school transcripts. Pay your $250 enrollment deposit. This enrollment deposit is applied toward your first semester’s tuition payment and is refundable until May 1.
File the 2017-18 FAFSA (Free Application for Federal Student Aid) using 2015 federal tax information. Complete the FAFSA online at http://www.fafsa.gov. Be sure to include the LMC school code of 002939 and make sure that you use the IRS Data Retrieval Tool to import financial information from your 2015 federal tax returns.
We strongly encourage you to pursue private funding through scholarship search tools online.
Check out our Additional Resources page
Additional information may be requested by the LMC Office of Financial Aid in order to complete your financial aid package. Once we have all the necessary items to complete your file, we will provide you with a Financial Aid Award Notification which will outline all the sources of funding for which you are eligible. Financial Aid Award Notifications and all related paperwork must be signed and returned to the Office of Financial Aid within two weeks of receipt.
Confirm your intended enrollment and make the $250 enrollment deposit if you haven’t already done so.
Summer Orientation and Registration takes place which allows you to choose your classes for the coming year, see your residence hall and become more acclimated to our campus.
Loan processing begins in the Office of Financial Aid and invoices for the fall semester are sent from our Student Accounts Office.
The fall semester payment is due.
Fall orientation and fall classes begin.
Invoices for the spring semester are sent by our Student Accounts Office.
The spring semester payment is due.