Lone Star College System Student Loans

Consider Loan ConsolidationYoung adults just out of high school and looking for a jumpstart into their college careers, as well as working adults juggling families and seeking to improve their status, may find a suitable program within the Lone Star College System. One of the fastest growing community colleges in the country offering associate’s degrees, certificate programs, and transfer credits to four-year degree institutions, Lone Star College serves over a 1,400 square mile area around Houston, Texas.

Lone Star College System has six physical campuses as well as multiple learning centers and online course options. Each of the six campuses has their own unique offerings and activities with bustling Student Life Centers and many organizations to get involved in. Around 66% of Lone Star College students are under age 25, and the majority of students attend either the LSC-CyFair or the LSC-North Harris campuses.

An Affordable Option

Community colleges are often less expensive than four-year universities and colleges. Many students will choose to attend a Lone Star College campus right out of high school as a cheaper alternative and then look to transfer to a four-year program after the first two years. Lone Star College System encourages this and strives to make the transition as seamless as possible. Texas residents living in Lone Star College System’s district are offered the lowest prices on base tuition (outside of financial aid). Tuition and fees for the 2014-2015 academic year are as follows:

Base tuition and fees include a student activity fee, technology fee, general use fee, and a differential tuition fee per program, which is not included above. For more details on the exact fees for each specific program you can visit the Lone Star College System website. Every student is charged a $20 infrastructure and $12 registration fee per semester, which is why the first credit hour is a different amount than the subsequent credit hours. If your course load is entirely online, you will not be charged the infrastructure fee. If you are a full-time student living in-district and taking 12 credit hours, your base tuition is $752 a semester or $1,504 a year for both fall and spring semesters.

In order to calculate, and budget for,  your total cost of attendance (COA) other factors must be included as well. These base tuition and fees do not include your textbooks or supplies. Room and board as well as transportation and other personal expenses also need to be factored in. Lone Star College System does not offer campus housing, so students are required to provide their own transportation to and from school as well as make their own living arrangements. You will need a parking pass to park on campus, although this is free for students and staff. You can save money by carpooling or riding your bike as well as using Houston’s METRO system of public transportation, which offers a 50% discount to full-time college students with a student discount card as well.

Rent prices are more expensive the closer to the city center you are, so choosing a place further out may be a more affordable option. According to rentjungle.com the average rent price for a one-bedroom apartment in Houston is $1,231 although some neighborhoods are more expensive than others. For example, Greater Heights is the most expensive area, while Bellaire is the least expensive neighborhood in the greater Houston area. Living at home for a bit or finding a roommate can help with rent costs as well. The Lone Star College System Net Price Calculator can help you estimate your total COA.

Applying for Financial Aid

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If you need a little extra help in affording college, Lone Star College System has an easy-to-complete three-step process. First, you need to fill out and submit your Free Application for Federal Student Aid, or FAFSA. This helps determine how much and what type of aid you may qualify for from government and state agencies as well as from Lone Star College. The FAFSA calculates your expected family contribution (EFC) and takes into account your total COA at Lone Star College in order to determine your award amount. In order to complete your FAFSA you will need the following information:

You will need to create a FSA ID in order to submit your FAFSA online. This is a quick and easy process requiring only your name, birthday, and Social Security Number. Your ID acts as your digital signature allowing you to sign documents over the Internet. It also grants you access to all of your federal financial aid information. Do not share this FSA ID with anyone else. Once you have submitted a completed FAFSA, the school may require you to provide additional documentation. After a processing period of a few weeks, you should receive a letter detailing your financial aid package. Your financial aid award cannot exceed your total cost of attendance.

Your next step is to review your aid package and accept it. You may choose to only accept part of the aid package; remember to only borrow what you need. You will need to then sign a Master Promissory Note (MPN), which lays out your responsibilities and rights as a student borrower. Keep this in a safe place.

Financial aid is usually disbursed up to two times a year directly into your student account to pay for tuition and school fees. Any remaining funds will then be disbursed to you in order to pay for other education-related expenses, including transportation, room and board, child care, school supplies, and even a computer. There are several different types of student financial aid, which may include grants, scholarships, work-study programs, and student loans. Grants and scholarships do not need to be paid back, while student loans are borrowed funds that will need to be paid back.

Financial Aid Eligibility

In order to complete a FAFSA, and therefore qualify for state or federal student financial aid, you do have to meet some basic eligibility requirements including:

You will need to resubmit your FAFSA every year to maintain your eligibility for financial aid. Specific financial aid awards may have other eligibility criteria as well. Private or non-profit organizations may provide scholarships that are outside of the federal, state, or school umbrella, and these may have different requirements also. Your financial aid office should have more details.

Scholarships and Exemptions

Other forms of gift money that doesn’t have to be repaid are scholarships. Many different organizations and institutions offer them on the basis of merit, academics, race, gender, or minority status. Some require interviews or essays in addition to an application. Clubs and organizations may offer scholarships to members or students entering particular fields of study. Be sure to inquire with as many sources as you can think of about any scholarships you may qualify for.

Texas residents seeking higher education at a public college or university, like Lone Star College System, may qualify for an exemption program that essentially waives tuition and sometimes fees. For example, children or spouses of deceased or disabled in the line of duty public service officers, blind or deaf students, military students, or foster care students may all qualify for exemptions. Additionally, firefighters taking fire science course may qualify. Lone Star College System participates in many exemption programs; for a full list check the website.

Work-Study Opportunities

Another form of financial aid provides students with financial need with the opportunity to earn money by working on campus in community service positions in order to pay educational costs. This Federal Work-Study Program currently pays Lone Star College System students $7.25 per hour for up to 19.5 hours per week for a total of 32 weeks. This includes 16 weeks in each of the fall and spring semesters. Not all students who qualify for the Work-Study Program will get a job, and employment opportunities vary from campus to campus. These jobs are generally flexible and work around your course schedule.

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