The Financial Aid office helps students seeking financial assistance meet their educational
expenses at LWTech. Students need not be low income to qualify for some types of financial
assistance. Students may apply for most types of financial aid by completing the FAFSA (Free Application for Federal Student Aid).
In previous years, the federal government allowed students to complete the FAFSA (Free Application for Federal Student Aid) beginning January 1st of the award year for which the student was applying.
For the next award year (2017-2018, or summer quarter 2017 through spring quarter 2018), students may complete or renew their FAFSA beginning this October 1st, 2016. This FAFSA will also use tax information from 2015 (the same year the current 2016-2017 FAFSA requires).
Since the FAFSA must be submitted annually, it is advised that students apply as soon as possible after January 1st of the year they will be attending LWTech (for example January 1st, 2016 for the 2016-2017 academic year).
Apply by or before the priority deadline date for the quarter you wish to attend. Due to the tremendous volume of applications each year, processing time has been
as long as 12 weeks or more from the date an application is completed. We appreciate your patience and understanding.
If you received aid in 2015-2016, you must complete a new FAFSA for the 2016-2017
award year (Summer Quarter 2016 through Spring Quarter 2017) to receive aid during
this time. If you are receiving student loans, a new Direct Loan Request Form must
also be completed.
Financial Aid sends notices and communications by email to the address you provided on your FAFSA. If you change your email address, be sure to let the Financial Aid office know.
January 12 to March 23, 2017
Thursdays, 2:30 p.m.
T319, Technology Center
Need help completing your FAFSA? A Financial Aid advisor can help you apply online.
Eligibility for several Washington State financial aid programs has expanded to include students who are ineligible for federal financial aid due to immigration status and meet the following eligibility requirements:
Readysetgrad.org is a project of the Washington Student Achievement Council. For more on financial aid and college readiness, visit readysetgrad.org, your resource to find, pay for, and complete the educational path that’s right for you.
Please refer to the Aid Disbursement for more information.
If your projected income for last year will be substantially reduced as compared to your income from the previous year, you may submit a Request for Reevaluation for the current academic year, along with supporting documentation noted on the form.
The federal government and the Department of Education determine the process used to calculate a student's eligibility. The student's and their spouse's income (or parent's income, if the student is considered a dependent student by federal guidelines) from 2014 (for the 2015/16 year) and from 2015 (for the 2016/17 year) is used as the basis for determining a student's "EFC" or Expected Family Contribution. This figure helps determine the need and amount of aid a student may receive. If a student feels their financial circumstances have changed significantly from the preceding year (i.e. loss of job, etc.) the student should contact the Financial Aid office.
Tax Credit Eligibility
The federal government allows you to claim tax credits for certain educational expenses through programs known as the Lifetime Learning tax credit and theAmerican Opportunity tax credit. After the end of each tax year, Lake Washington Institute of Technology (LWTech) sends the Internal Revenue Service (IRS) form 1098-T to students who may qualify for federal tax credits. The form lists out-of-pocket tuition and related expenses.
It is the responsibility of the student or other taxpayer to determine actual eligibility
for tax credits.
As a college, we cannot provide you with tax advice. You may wish to find out if you might be eligible by reading information on these websites:
You may also wish to consult the IRS or a tax accountant for help. Your own check
receipts, credit card statements, or copies of receipts showing tuition and fees paid
at the time you registered may support your claim.
Verifying the Amount of Your Qualifying Expenses
You can view your IRS form 1098-T statement [student ID and PIN required] online starting at the end of January each year.
However, the form that is printed and mailed to you may not reflect up-to-date information on student loans or other data.
Therefore, we strongly encourage you to double-check the dollar amount on the 1098-T form.