Financial Aid
How to Apply

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The Free Application for Federal Student Aid (FAFSA)

The Free Application for Federal Student Aid (FAFSA) is used to apply for federal student financial aid, including grants, loans and work-study. It is an application used to determine eligibility for need-based federal, state, and Lawrence Tech institutional aid programs.

Filling out the FAFSA, and applying for student financial aid is free. You should never pay money to have your FAFSA completed or to get help with your FAFSA.

You must be a U.S. citizen or eligible non-citizen to be eligible for Federal aid.

Lawrence Technological University’s school code: 002279

Steps to Complete Your FAFSA

Create your FAFSA ID
- Go to Studentaid.gov
- After completing this, your parent will also create an FSA ID
You and your parent will log in to Studentaid.gov to complete your 2025-2026 FAFSA.

Michigan Residents: Be sure LTU is listed as your first school of choice if you would like to be evaluated for the Tuition Incentive Program.

State of MI number: 888-447-2687

» Things you will need to complete the FAFSA

Student FSA ID
Parent FSA ID
Parent Tax information
Student Tax information
- The FAFSA will pull your Federal Tax Information (FTI) directly from the IRS.

» Parent PLUS Loans

Parent PLUS loans are credit based loans that parents can apply for in addition to student loans.

Log onto studentaid.gov.
Start the Parent PLUS Loan Application.
A credit check is conducted on all Direct PLUS Loan applicants.
- If you have placed a security freeze on your credit file, you must lift or remove the freeze at each credit bureau before you continue. Your application will not be processed if you have a security freeze on your credit file.
Indicate the amount of funds you want to borrow, and submit your application.
Lawrence Tech will receive an electronic document with the information necessary to process a PLUS loan for you.
The parent must complete a Direct PLUS Loan Master Promissory Note (Direct PLUS Loan MPN) before receiving the Direct PLUS Loan funds.

» Financial Aid Timeline

August 1: Apply for admission to Lawrence Technological University.

December 1: The FAFSA application opens up for current seniors in high school.

View all FAFSA deadlines.

January: Financial Aid Notifications will be sent out to admitted students if your FAFSA is complete and verified. If you are selected for verification, you will receive a hard copy letter in the mail from the Office of Financial Aid. You may need to turn in additional documents.

April 1: The deadline to apply for all of LTU’s standalone scholarships.

May 1: All admitted students are automatically reviewed for a merit scholarship upon acceptance. Your application must be submitted before May 1st to be considered for merit scholarships.

July 1: The State of Michigan Funding deadline. Fill out your FAFSA before July 1st 2025 in order to be considered for the maximum amount of aid from the state.

Accept Your Awards

Go to banner.ltu.edu
Click ‘Login to Secure Area’
User ID (student’s ID # w/out initials, 9 digits)
- First time login- the PIN is the student’s birth date (mmddyy)
Login
Click ‘Student & Financial Aid’
Click ‘Financial Aid’
Click ‘My Award Information’
Click ‘Award for Aid Year’
Select appropriate academic school year
Click ‘Accept Award Offer’
Scroll through types of aid and offers
Select either:
- Accept/Decline/Modify for each specific award
- Hit Submit
Submit Decision

Complete Required Loan Documents

After accepting the loan offered, a new borrower will need to complete Entrance Counseling and electronically sign a Master Promissory Note. Funds will then be delivered electronically to Lawrence Tech and disbursed to the student’s tuition account.

Returning borrowers who did not previously borrow from the Federal Direct Loan Program will also need to complete Entrance Counseling and sign a new Master Promissory Note with the Federal Direct Loan Program.

» Master Promissory Note (MPN)

The Master Promissory Note (MPN) is a legal document in which you promise to repay your loan(s) and any accrued interest and fees to the U.S. Department of Education. It also explains the terms and conditions of your loan(s).

MPNs for students are good for 10 years if attending the same institution.

» Entrance Counseling

(Required for Undergraduate loans and Graduate PLUS Loans)

All federal student loan borrowers are required to complete entrance counseling prior to disbursement of a federal loan.
This should take approximately 15-20 minutes.
An electronic response will be forwarded to Enrollment Services.

Student and parent borrowers of federal loans have the right to cancel their loan disbursements within 14 days of the disbursement notice. Should you decide to cancel the disbursement of your Federal Direct Loan, you should contact the One Stop Center at enrollmentservices@ltu.edu in writing within the specified time period. By canceling the disbursement, you will be responsible for any unpaid tuition and fees, as well as repayment of loan funds already paid to you.

Any excess funds will be refunded to student borrower from Business Services with in 14 days of a credit balance on their accounts.

Resources

Federal Student Aid Videos

4 Videos

1:58

6:33

Applying for Financial Aid With the FAFSA® Form

2:07

What Happens After Submitting Your FAFSA® Form?

2:15

» Terms Parents and Students Should Know

Student Aid Index (SAI): The amount that the federal government estimates you are able to afford to contribute to educational expenses based on your FAFSA information. What you actually pay toward educational expenses may be more or less than this amount.
Institutional Aid: The Scholarships, grants and other financial aid programs provided by LTU. LTU allows (2) scholarships per our scholarship policy
Verification: The process of making sure the information submitted on the FAFSA is correct. The federal government requires colleges to have certain students’ FAFSA information verified.

» Subsidized and Unsubsidized Loans

Depending on your financial need, you may borrow subsidized money for an amount up to the annual loan-borrowing limit. Students must demonstrate financial need to apply for a subsidized loan. If you are eligible for a subsidized loan, the government will pay the interest while you are in school, for the first six months after you leave school, and when you qualify to have your payments deferred. Unlike a subsidized loan, the student is responsible for the interest from the time the unsubsidized loan is disbursed until it is paid in full. You can choose to pay the interest or allow it to accumulate and be added to the principal amount of your loan.

» Types of Aid

Contact Us

Financial Aid counselors can answer any questions students may have regarding the FAFSA, the verification process, loans, and many other aid related topics. Our team has over 50 years of combined experience! Students are assigned to counselors by alphabetical order to ensure consistency while working with prospective or current students and families.