General Financial Aid Policies

LCC International University offers various forms of financial support to assist students in financing their education. Each financial aid program is governed by its own specific policy; however, all are subject to the general financial aid policies outlined below, unless otherwise stated in the respective aid, scholarship, or grant policy.

Financial Aid Policies

• Financial aid at LCC International University is intended to assist Bachelor’s students only (exception is made for Basketball Grant recipients). 
• All financial aid is applied to a student’s account over two semesters, Fall and Spring. 
• Financial aid is applied to 60 ECTS credits per academic year. If a student takes more than 60 ECTS credits per academic year, the award will not be increased. 
• Students must be enrolled in at least 24 ECTS credits per semester to receive financial aid. If a student enrolls in less than 24 ECTS credits in either semester, they will not receive aid for that semester, with an exception made only for Seniors.
• Financial aid might be offered to Seniors during their final semester. The amount of ECTS credits must be approved by Academic VP. Only then a student can receive financial aid for less than 24 ECTS credits for the final semester. 
• Financial aid cannot be applied to Summer Session courses.
• Need-Based Aid might be offered to students for Summer Session courses if there are funds remaining in the budget. The decision is made during the Spring semester and communicated to Need-Based Aid recipients before summer course registration. In such cases, the 60 ECTS credit rule does not apply. 
• Students will receive only one kind of financial aid unless indicated otherwise per the specific policy for that financial aid type. If a student qualifies for more than one, he/she will receive the one with the highest monetary value, and the other grant(s) will go to the next student who qualifies or to the Emergency Aid budget.
• If a student receiving financial aid is placed on probation after the Fall semester, his/her aid allocation for the Spring semester is withdrawn.
• If a student receiving financial aid is placed on probation after the Spring semester, his/her award allocated for the Fall semester is withdrawn. However, the amount may be reinstated for the next Spring semester if he/she increases GPA to the level of academic good standing. 
• If a student receiving any financial aid decides to take an academic leave, they lose the aid. The student may apply for financial aid upon re-entry, provided he/she does so within the regular application periods.
• The maximum financial aid amount that a student can receive is a 90% tuition discount (all financial aid amounts summed up). This does not apply to the Kenneth & Helen Penner Scholarship, the President’s Leadership Scholarships, or Middle East Scholars Aid. 
• Financial aid is not applied toward retaking a failed course “F.” Receiving an “F” for a course might affect a student’s satisfactory academic progress and eligibility to receive financial aid in the future.
• Students receiving financial aid who withdraw, stop attending classes, or take academic leave after the Add/Drop week will be required to return financial aid assigned for that semester. Financial aid is offered in advance with the assumption that the student is going to earn credits for those specific courses.
• Students can receive financial aid only for four years at LCC or up to 8 semesters (calculation would be done by semesters if a student takes an academic leave). The academic leave period is calculated towards the 8 semesters rule. If students study longer or take a second major, they must find their own financing opportunities. The PRIME program is not calculated towards the 8 semester’s rule (exceptions are made for the Basketball Grant and Middle East Scholars Aid).  
• Withdrawing from a course(s) will affect the student’s financial aid. Before withdrawing or stopping to attend course(s), the student should be aware of the proper procedures for withdrawing from a course(s) and the consequences of withdrawing or stopping the attendance of a course(s). The student must inform Student Financial Services and inquire about the refund schedule and its impact on their financial account before starting the withdrawal process. Official withdrawal is the responsibility of the student.
• Financial aid is available for students under 25 years of age. If a student turns 25 years of age during a specific semester, financial aid is not applied for that semester.
• Financial aid is available only for students seeking their first Bachelor’s degree. If a student simultaneously receives another Bachelor’s degree from a different university during their studies at LCC, financial aid will be removed for all subsequent semesters.
• All financial aid at LCC International University is based on availability of funds. Therefore, students and their families must take primary responsibility for meeting the costs of education at LCC International University.