FAFSA is the Free Application for Federal Student Aid and is required if you wish to receive any federal and/or state financial aid. The priority deadline for submission is March 1. The earlier you submit your FAFSA, the more money you may receive.
Louisburg College’s federal school code is 002943. Click here to find out more information about filing out the FAFSA. You can also use the FAFSA 4Caster to estimate your eligibility for federal student aid.
If you are a dependent student, you and your parents will fill out the FAFSA form together. Questions regarding dependency status should be addressed to the Financial Services Office. Your FAFSA will be sent to the federal processing center, then, they will notify you (and all of the colleges designated on your form) of the results.
Expected Family Contribution
The information calculated by the FAFSA processing center is known as your Expected Family Contribution (EFC). Colleges will use this information to calculate your financial need.
Financial need is calculated by subtracting your EFC from the College's budgeted cost of attendance. Your EFC doesn't change no matter where you will attend college, but because the cost of attendance changes by institution, your need will vary by institution.
Financial Aid Package
Colleges will package financial aid to meet a percentage of your calculated need. It takes two to four weeks for the processing center to process your information. After packaging together the various scholarships and financial aid for which you qualify, the Financial Services Office will send an award letter indicating your aid package. Your financial aid package may include:
- Federal Need-Based Aid (including Federal Work-Study)
- State Grants
- Louisburg College Scholarship and/or Grants
- Other outside scholarships you have been awarded or are applying for
After you receive your financial aid award letter and package, you may accept or decline any component of your award letter by crossing through what you do not want, sign it, and return it to the Financial Services Office. Then, submit your $200.00 Deposit to the Office of Admissions to secure your aid package and your spot at Louisburg College.
If you need additional assistance with financing your education, have questions about the aid process, or have special circumstances to be considered in the application process, be sure to contact the Financial Services Office. We are here to help!