January 16, 2013
Free FAFSA Help also Available during College Goal Sunday
BENTON TOWNSHIP, MI –Lake Michigan College is helping parents and students understand the entire financial aid process with a series of free workshops called “Financial Aid: Finding Your Path”. The workshops, which are free and open to the public, will be held Tuesday, February 5, at the South Haven Campus and the Bertrand Crossing Campus in Niles, and on Wednesday, February 6, at the Napier Avenue Campus. All workshops begin at 7 p.m.
“At Lake Michigan College, we are committed to providing great service and helping students and parents navigate through the complex dynamics of applying for financial aid. Our number one goal is to help families accomplish their college and career goals,” stated LMC Director of Financial Aid Anne Tews.
The workshops will provide information on loans, grants, scholarships, work study opportunities, and tax credits. LMC’s financial aid experts will discuss the steps necessary to apply for financial aid, explain the differences between grants, scholarships and loans, and help parents and students compare and contrast financial aid packages from colleges they are considering.
Last year, Lake Michigan College awarded nearly $9.5 million in grant, scholarship, and work study dollars, which do not require repayment by students or their parents.
“It is important that families understand all of the financial aid options that are available to them. Last year, 62 percent of students from Michigan public and private four-year schools graduated with an average debt of over $27,000. At Lake Michigan College, we work with students to make sure the cost of education fits within the family budget now, and after graduation,” Tews said.
Students can also receive help filling out the FAFSA during College Goal Sunday, February 10, from 2 to 4 p.m. at the Student Services Center on the Napier Avenue Campus.
This free event is open to high school seniors and adults planning to attend college in the fall. At the event, financial aid experts will be available to work one-on-one with individuals in completing the Free Application for Federal Student Aid (FAFSA) form, which is required for federal and state tuition grants. The FAFSA is also required in the application process for many scholarships. Families will also be able to discuss all financial aid resources, admission requirements, and more.
New this year, if families file taxes electronically by January 29, FAFSA can use income information from the IRS automatically, facilitating the financial aid process.
Students under 23 years of age are encouraged to attend with a parent or guardian.
Individuals should bring 2012 income records to the event. Dependent students will also need their parents' income information. Specific information individuals need to bring includes:
- Social security number (Parents’ social security numbers for dependent students)
- Driver's license
- 2012 W-2 forms and other income records
- 2012 Federal Income Tax Return
- Parents' 2012 Federal Income Tax Return (for dependent students)
- Spouse’s 2012 Income Tax Return (if married)
- 2012 untaxed income records including veterans benefits
- 2012 bank statements
- 2012 business and investment mortgage information, business and farm records, and investment records
- Alien registration card for non-US citizens
College Goal Sunday is a collaborative effort among the Michigan Department of Education, the Michigan Student Financial Aid Association, and EduGuide. It is designed to increase the number of Michigan students who continue education beyond high school and earn post-secondary degrees.
To learn more about the financial aid workshops or to pre-register for the event, visit www.lakemichigancollege.edu/financialaid.