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Household Size Verification Worksheet

This verification worksheet is used to determine the correct number of members in your household. 

Income Verification Worksheet 

When filing the FAFSA, you give the IRS permission to transfer tax information directly to the FAFSA. Some  circumstances may not allow the transfer of IRS information to your FAFSA and you will be directed to enter tax information manually.

W2s

In many cases, the financial aid office will need copies of you, your spouse, and/or your contributors' W2s. The purpose of getting these is to make sure the financial aid office is properly assessing your financial situation.

The offer letter can be a little bit confusing. It has five tabs that will give you information about your financial aid and the cost of attendance. The fourth tab will detail the terms and conditions of your financial aid. You are responsible for understanding your rights, responsibilities, and the conditions of your financial aid offer. Once you review the terms and conditions, you may view your offer letter and accept your loans if you desire.

See the next section for information on how to read your financial aid offer letter.

Grants:

Oregon Opportunity Grant: Administered by the Office of Student Access and Completion (OSAC). Available fall, winter, and spring terms. Students should apply early for consideration of this grant.

• Must be enrolled at least half time.
• The award is reduced by half for students enrolled in 6-11 credits.
• Lifetime limit of four full time years.

Oregon Promise: Administered by the Office of Student Access and Completion (OSAC). Find out more regarding this grant and up-to-date information at Oregon Student Aid. Available fall, winter, and spring terms.

• Attend at least half-time at an Oregon community college within 6 months of high school graduation or GED completion
• Award is prorated based on enrollment level.
• Limited up to 90 attempted college credits.

Federal Pell Grant: This need-based program is available summer, fall, winter and spring terms.

• Award is prorated based on the number of credits enrolled
• Students may receive up to 150% of the scheduled Pell award in the aid year (must be at least half time in 4th term).
• Lifetime limit of six full time years (600%).

Federal Supplemental Educational Opportunity Grant (SEOG): This is a need-based program and is available summer, fall, winter and spring terms.

• Must be enrolled at least half time.
• Students must apply for financial aid by January 31st each year and demonstrate exceptional financial need.

Work Study:

Federal Work Study (FWS): This is a need-based program and is available summer, fall, winter and spring terms. Employment opportunities are available on and off campus.

• Must be enrolled at least half time.
• Students must apply for financial aid by January 31st each year and demonstrate exceptional financial need.
• Additional steps are required to accept the FWS offer. See the Federal Work Study Guide on our forms page for more information.

Federal Direct Subsidized Student Loans

Federal Direct Subsidized Student Loans: These are the only loans that Lane will award you as part of your initial financial aid offer. These are the best student loans there are, because the Department of Education pays the interest on the loan while you're in school and during your grace period.

• Must be enrolled in at least half time (6 credits).
• Annual and aggregate limits

Federal Direct Unsubsidized Student Loans

These are not as good as the subsidized loans because the interest starts accruing the minute you get the loan. The good news is that they have a low, fixed interest rate and are available to almost any student, regardless of how much money is reported on their FAFSA.

• Must be enrolled in at least half time (6 credits).
• You will need to file a Unsubsidized Stafford Loan Request form
• Annual and aggregate limits

Parent PLUS Loans

These loans are only available to dependent students who need extra money. The loan is actually taken out by the parent and has a separate application process. These loans are credit based and may require your parents to find a cosigner.

• Must be enrolled in at least half time (6 credits).
• Parent must complete MPN (Master Promissory Note)

Alternative Student Loans

These alternative loans can be dangerous and should only be taken out in emergencies or when all other aid has been exhausted. They can have variable interest rates and may not have the same protections that federal student loans have, like deferment and loan forgiveness. Lane does not have a preferred lender list, but most banks and financial institutions have student loans available. Be sure to ask lots of questions if you are considering taking out a private student loan. View ELMSelect for a list of most commonly used private lenders at Lane.