2016-2017 Catalog > Financial Aid
Financial Aid Office
Takena Hall 117, 541-917-4850
The Financial Aid Office at Linn-Benton Community College (LBCC) offers all students the opportunity to obtain a degree or certificate. We also have a Veteran’s Department staffed by coordinator who is available to assist Veterans with understanding how to apply for their benefits.
We encourage all students and veterans to stop by our offices to learn how we can assist them with their educational endeavors at LBCC.
The Federal Direct and PLUS Loan programs require a minimum enrollment of six credit hours (half-time enrollment). Federal Grant programs mandate that students be admitted and working towards completion of a degree or certificate. Oregon Opportunity Grant mandates that the student must be a resident of Oregon for a year prior to the start of school, and be enrolled at least half time (six credit hours).
The U.S. Department of Education has certified several accelerated certificate training programs (defined as less than one year in length) as eligible to participate in federal student aid programs. Students may be eligible to participate in the Pell Grant, Supplemental Education Opportunity Grant (SEOG), and Direct Loan programs. Annual grant and loan limits are prorated based on the length of the programs. The accelerated certificate training programs are not eligible for the Oregon Opportunity Grant or Federal Work Study. The approved programs are:
All students who receive federal and state aid at LBCC must be admitted to the college. (Refer to the How to Get Started - Admission section of the catalog for information about seeking degrees or certificates).
The first step in applying for federal and state aid at LBCC is to complete the Free Application for Federal Aid (FAFSA). You may apply for aid at any time throughout the year; however, financial aid funds are limited. If you apply after February 1, you may find that some federal and state programs will not be available for awarding. LBCC uses the FAFSA to determine the amount a family and student can contribute to the cost of a college education. The use of this federally approved aid application assures every applicant fair and equitable treatment. LBCC’s financial aid process can be found at: linnbenton.edu/financial-aid.
Students are strongly encouraged to visit LBCC's financial aid website for our Priority Deadline Dates. Failure to follow the financial aid steps towards completion of your application for federal and state aid may delay your award. Completing the FAFSA is just the first step in the process. Failure to turn in other outstanding requirements will delay processing of your financial aid at LBCC.
To receive financial aid, you must fulfill the standards of satisfactory academic progress. Additionally, if you are not in good standing with the institution's academic standing (i.e., academic or disciplinary suspension), you will not be eligible for future aid until you have resolved your issues with the institution. A copy of the Financial Aid Satisfactory Academic Progress policy is available at the Financial Aid Office and online at linnbenton.edu/financial-aid in the "Academic Standards area."
Financial aid is direct deposited to a student’s bank account (or sent via check, upon request) after the add/drop period (Monday of the 2nd week) of each term. Typically, this means financial aid funds are received during the second week of each term.
Note: If your financial aid was based on full-time attendance and you elect to register for fewer credit hours, your financial aid will be adjusted automatically to reflect the reduction in course load.
Students admitted into the LBCC/OSU Degree Partnership Program may have their credit hours taken at both schools combined to determine their eligibility for federal, state and institutional financial aid. Financial aid is available for qualified students who are dually admitted. For further information about the DPP program, contact the Admissions office at OSU, 541-737-4411 or LBCC Admissions at 541-917- 4811 or visit linnbenton.edu/degree-partnership.
The U.S. Department of Education regulations mandate that federal financial aid recipients "earn" their aid by attending and participating in class. Recipients cannot earn all of their aid funds unless they maintain attendance and participate in class for 60 percent or more each term.
Students, who withdraw from all of their courses after receiving federal funds or stop attending prior to the 60 percent, may be required to repay some or all of the aid disbursed to them. In conjunction, these students will be placed into "unsatisfactory" SAP status with the financial aid office.
2016-17 Financial at 60 Percent Dates for Each Term
August 5, 2016 - Summer 2016
November 9, 2016 - Fall 2016
February 22, 2017 - Winter 2017
May 17, 2017 - Spring 2017
Federal Direct student loans are available, however, they are required to be repaid. LBCC encourages responsible borrowing. Do not borrow more than you can afford to repay. You are strongly encouraged to borrow only what you need for your educational expenses. Failure to repay student loans results in a poor credit rating which makes it difficult to secure credit in the future. All Federal Direct Loans require a minimum enrollment of six (6) credits or more.
What is a Subsidized Loan: These loans are for students with demonstrated need, as determined by federal regulations. No interest is charged while a student is in school at least half-time (6 credits), during the grace period, and during deferment periods.
What is a Unsubsidized Loan: These loans are not based on financial need; interest is charged during all periods, even during the time a student is in school and during grace and deferment periods.
Dependent 1st Year Student
Dependent 2nd Year Student
Independent 1st Year Student
Independent 2nd Year Student
Warning! If you receive federal and/or state aid based on false information, you will be required to repay all of the aid you received. If you purposely give false or misleading information on any documents used to determine your financial aid eligibility, you may be fined $20,000, sent to prison, or both.
Student Eligibility Requirements
Federal and State Program Eligibility Requirements
Accelerated Certificate Training Programs at LBCC
Financial Aid Satisfactory Academic Progress Policy (SAP)
Financial Aid Disbursement Policy
Financial Aid Programs and Sources