Types of Aid

There are many types of aid, grants, money, and scholarships available to qualifying students at Lake Washington Institute of Technology (LWTech). 

Federal Pell Grant

The Federal Pell Grant, like other grants, is free monetary assistance for educational expenses. Students who have earned a baccalaureate degree are no longer eligible. Like other grants, the Pell Grant is adjusted for less than full-time enrollment.

Effective July 1, 2012, per federal regulations, the Federal Pell Grant may not be received for more than the equivalent of six years of full-time awards. (Determined retroactively; all previous quarters and awards must be considered.) 

Federal Supplemental Educational Opportunity Grant (SEOG Grant)

This grant is awarded to high-need students who apply early in the year. (Funds are limited.) Students must be Pell eligible.

Washington State Need Grant

Students apply by filling out the Free Application for Federal Student Aid (FAFSA). This grant is available for Washington state residents only. The State Need Grant is adjusted for less than full-time enrollment and may not exceed the amount of allowable tuition and fees each quarter.

  • Attention DREAMers!

Effective July 1, 2014, a new state law has expanded eligibility for the Washington State Need Grant to low income, non-citizen students who meet the programs' eligibility requirements and also meet the criteria below:

  • Graduated (or will graduate before beginning college) from a Washington state high school, or obtained a GED diploma or certificate.
  • Lived in Washington for three years prior to, and continuously since earning the high school diploma or equivalent.
  • Students may also apply for state aid if they are a Deferred Action for Childhood Arrivals (DACA) student and meet regular Washington state residency requirements.

Students who meet the criteria above and are unable to file a FAFSA due to immigration status, may complete the free Washington Application for State Financial Aid (WASFA) instead.
 

Scholarships

Scholarships are usually monetary awards given to students by an organization or donor to help pay for their education. Students must meet the criteria set by either the organization or donor, such as pursuing a certain program of study, having financial need, or being an exemplary student

LWTech Foundation Scholarships

The first place LWTech students should look for scholarships should be the LWTech Foundation. The Foundation offers a variety of merit and need-based scholarships to students in the fall and spring of each academic year. These scholarships are open to students enrolled or enrolling at LWTech, and a reception each spring gives students and donors who make scholarships possible a chance to meet face-to-face.

Scholarship Directory

Start with our Scholarship Directory. There are many additional sources for scholarship information, including community and professional organizations and employers, so spend some time researching in your community, the local library, and on scholarship websites.

Scholarship FAQs

When should I apply for scholarships?

Deadlines vary for each scholarship, so you can find scholarships to apply for year-round. However, the majority of scholarships are designed to provide funding for students starting classes in the fall, so many deadlines are in spring or earlier. In general, you should start looking for scholarships six to nine months before you will need the funding.

What do I do when I win a scholarship?

At LWTech, notify the Financial Aid office so that we can apply your scholarship to your account and work with the scholarship agency if necessary.

How do I improve my chances of winning a scholarship?

Most scholarships attract more applicants than there are awards, so it is important to make sure you meet the scholarship criteria before you apply. Advice for making your scholarship applications the best they can be is available through our scholarship essay "Do's and Don'ts" below.

Top 10 Do’s and Don’ts for your personal statement or scholarship essay:
  • DO: Make sure your essay is absolutely perfect in spelling and grammar.
  • DO: Write an engaging and coherent essay.
  • DO: Be positive and concentrate on your strengths. If you must discuss something negative, focus on what you learned and how that applies to your future.
  • DO: Include concrete examples to illustrate your main points and show your strengths.
  • DO: Type your essay and have someone else proofread, such as English faculty in the Supplemental Instruction.
  • DO: Read the directions carefully. Follow any formatting guidelines exactly.
  • DON'T: Go overboard in details about yourself or a particular point. Keep your writing succinct and relevant to the question(s) asked.
  • DON'T: Write a list of activities, awards, or accomplishments. Choose the ones that are most important and share the most relevant information about you.
  • DON'T: Try to be funny. You don't want to take the risk that they won't get the joke.
  • DON'T: Write what you think the committee wants to hear.
How To Write A Great Personal Statement

 

Work-Study

Work-Study is a form of financial aid that enables you to earn income to help meet your educational costs. Work-Study positions should relate to the student's program of study. Participants have the opportunity to gain work experience and marketable skills, explore possible career opportunities, make new contacts that may later become valuable references for future employment, and reduce loan indebtedness for college expenses.

Work-Study is part-time employment either on or off campus. There are State and Federal Work-Study funds available each year. Priority is given to students meeting the financial aid funds priority date. When completing the FAFSA, students interested in Work Study should answer "yes" to the question, “Are you interested in being considered for Work-Study?”

What are the eligibility requirements? 
  • Students must apply for financial aid, demonstrate financial need, and meet any other applicable requirements. 
  • Students must be eligible to work in the United States.
  • Students must be enrolled at least half time at an eligible institution in the state of Washington. 
  • Students may not be in pursuit of a degree in theology. 
  • Students must maintain satisfactory academic progress.
How many hours a week can an employee getting Work-Study actually work?

Employees in Work-Study can work up to 19 hours per week while classes are in session. During quarterly breaks however, students may work up to 40 hours per week (if requested by their supervisor) as long as they have a Work-Study award remaining from the previous quarter.

How are students notified of an award of Work-Study?

Students are notified in their financial aid award letter. Work-Study is awarded on a "funds available" basis.

What kinds of jobs are available?

Work-Study job opportunities are posted through the Employment Resource Center. There are many on-campus openings and off-campus opportunities available in most career fields.

How do I find a Work-Study job? 

Students looking for Work-Study jobs at LWTech must apply for financial aid through the FAFSA and have received a Work-Study award letter from the Financial Aid office. The following steps are needed before employment begins:

  1. Attend a Work-Study Employment Orientation. Days and times are announced with a letter from the Financial Aid office.
  2. During the Work Study orientation, students will sign all necessary hiring forms and provide acceptable documents that establish identity and employment eligibility.
  3. Students interested in finding a job on the LWTech campus should register for a Career Services Online account on our Employment Resource Center page (need hyperlink). Stop by the Employment Resource Center (West building, W207) if you need help accessing the site or if you need interviewing techniques and resume development tips.
  4. After looking for Work-Study jobs online, the student employee shall write down the employer contact information and call or email the Work-Study supervisor to arrange an interview appointment. Work-Study students should tell the employer that they are a Work-Study applicant at Lake Washington Institute of Technology and that they found the job listed at the Employment Resource Center.
  5. At the interview, students must bring their "Work-Study Job Referral Form." This form is provided to the student during the Work-Study Employment Orientation. If hired, the employer or supervisor will sign the referral form, and the student will return the form to the Financial Aid office in the West building, W209.
  6. The Financial Aid office will send the student and supervisor written notification of hire and start date. Students should allow up to 48 hours for processing after they have returned the Work-Study Job Referral Form to the Financial Aid office.

Stafford & PLUS Loans

The Federal Stafford Direct Loan is a loan guaranteed by the federal government. Repayment usually begins six months after you leave school or drop below half time.

There are two types of Stafford loans:

Subsidized Stafford Loan

This loan requires unmet need. No interest is charged while the student is in school at least half time.

Unsubsidized Stafford Loan

This loan accrues interest while the student is attending school.

Stafford Annual Maximums

Students may receive up to $3,500 a year as a first-year student and up to $4,500 in the second year of an Associate of Applied Science (AAS) or bachelor's degree program. Third and fourth year students in a bachelor's degree program may receive up to $5,500. Students completing preparatory course work for full admittance into a program may borrow up to $2,625 (eligibility while completing preparatory course work is limited to one calendar year). In addition to the amounts above, independent students may borrow up to $6,000 (or $7,000 for third-year and fourth-year bachelor's degree program students). Dependent students fully admitted into an eligible program may borrow up to $2,000 in additional unsubsidized loans.

Effective 7/1/2013; first-time borrowers lose subsidized loan eligibility after 150% of their program's length has been attempted.

Students applying for a student loan at LWTech must complete the following steps:

  1. Students applying for a Stafford Direct Loan at LWTech for the first time are required to complete a Stafford loan Entrance Counseling session.
  2. Stafford Direct Loan applicants must also sign a Master Promissory Note for their loan. Students may sign a Direct Loan Master Promissory Note (MPN) online by using their Federal Student Aid (FSA) ID. 
    • When you sign an Master Promissory Note, you are agreeing to repay your loan according to the terms of the note.
    • The note states that except in cases of loan discharge (cancellation), you must repay the loan, even if you don't complete your education.
    • Remember, you must repay your loan even if you experience difficulty finding employment or if you didn't like the quality of the education. If you are experiencing financial hardships, contact your Loan Servicer immediately. They are usually able to work with you to help you through difficult times.
  3. After completing steps (1) and (2), students must then submit a Direct Loan Request Form (link to forms page) to the LWTech Financial Aid office. This form provides us with the loan period you have chosen and the amount you would like to borrow. The total loan amount entered on the form will be spread equally over the quarters selected. Funds are disbursed on a quarterly basis and are subject to Satisfactory Academic Progress. 

  1. PREREQUISITE LOANS: The federal government limits student loan eligibility while students are in "prerequisite" status. Prerequisite status applies to students who are taking required courses prior to being admitted in a degree program. Prerequisite loans are limited to one calendar year from the date a student first begins taking out the loan (students may not be considered for undergraduate grants or work study assistance while completing prerequisites). After the calendar year has elapsed, students may not receive additional student loan funds unless they are fully accepted into an eligible program.
  2. PARENT PLUS LOANS: Parents of dependent students may borrow up to the amount of the dependent student's cost of attendance, minus any other financial aid, through the federal Parent Plus Loan program. Please note that parents must have approved credit to participate (dependent students, whose parents apply and are rejected on the basis of credit, may borrow additional unsubsidized funds). PLUS Loan applicants must complete a PLUS Loan Request Form (link to forms page), and consent to providing access to a credit report. Applicants must also complete an online PLUS Loan Master Promissory Note
  3. All Stafford Direct Loan borrowers at LWTech are required to complete an online Exit Counseling session if they drop below half time or do not complete at least six credits.       
  4. If you plan on continuing your education into the next academic year and would like to request a loan to assist with your educational costs, a new Direct Loan Request form must be submitted to Financial Aid after completing your renewal FAFSA. 
  5. If you require assistance, please contact Financial Aid by email or (425) 739-8106.
Alternate Loans

Students with extraordinary program or cost of attendance expenses may qualify for Alternative Loan Funding. Unlike Stafford loans, these are based on credit history and rating, so not everyone may qualify.

Exit Counseling

Per Federal Regulations, students that have borrowed Stafford Student Loans at LWTech are required to complete a Loan Exit Counseling session online (https://studentloans.gov). This session informs borrowers of necessary information, terms, and actions required when exiting school.

If you have any questions concerning the counseling requirements, contact Financial Aid at (425) 739-8106 or email us.

Borrower's Responsibility

When you obtain a federal student loan you have certain responsibilities. It is important to consider the following:

  • Think about why you are borrowing and how much you really need. 
  • Think about what your repayment obligation means before you take out a student loan; only borrow what is absolutely necessary. Remember, you will need to repay all funds borrowed, plus interest. Generally, student loans cannot be discharged through filing bankruptcy.
  • If you don't repay your student loan on time or according to the terms in your Master Promissory Note, you could default on this legal obligation, which has serious consequences and will adversely affect your credit rating. Your loan servicer or the federal government may take all actions available to collect the debt, including wage garnishment and withholding income tax refunds.
  • Student loans, like other financial aid funds, are for direct and indirect educational expenses only (tuition, books, rent, food, etc.), and may not be used to make personal purchases such as cars or vehicles, recreational pursuits, or vacation expenses.
Signing a promissory note means you agree to repay the loan
  • When you sign a Master Promissory Note, you are agreeing to repay your loan according to the terms of the note.
  • The note states that except in cases of loan discharge (cancellation), you must repay the loan, even if you don't complete your education.
  • The U.S. Department of Education does not guarantee the quality of education you receive or that you will find a job in your field of study.
Make payments regardless of receiving billing notices
  • You must make payments on your loan even if you don't receive a bill or repayment notice.
  • Billing statements (or coupon books) are sent to you as a convenience. You're obligated to make payments even if you don't receive any reminders.
  • You must also make monthly payments in the full amount required by your repayment plan. Partial payments do not fulfill your obligation to repay your student loan on time.
  • If you cannot make your full monthly payment, contact your lender. In most cases, your loan servicer will work with you if you are experiencing economic hardship.
  • If you apply for a deferment or forbearance, you must continue to make payments until you have been notified that your request has been approved; if you don't, you might end up in default.
  • Keep a copy of any request form you submit, and document all contact you have with the holder of your loan.
  • Notify your loan servicer if you change your address, name, or Social Security number.
Title IV Code of Conduct

In accordance with the Higher Education Opportunity Act, Lake Washington Institute of Technology will act in compliance with all requirements that prohibit a conflict of interest that may arise regarding Title IV loans.

To prevent any real or perceived conflict of interest, the college will follow the guidelines below:

  • Ban on revenue sharing: The college will not enter into any revenue sharing arrangement with any lender.
  • Ban on gifts: The college will not accept gifts from lenders, guaranty agencies, or loan servicers. Staff members may, however, participate in meals or refreshments provided for meetings or training workshops as long as the events are open to all attendees or are included in a registration fee.
  • Prohibition of consulting or contracting arrangements: The college will not participate in contracting or consulting arrangements with any lender.
  • Prohibition on assigning lenders to first-time borrowers, steering borrowers to particular lenders, or delaying or refusing loan certifications based on borrowers' choices of lenders: The college will not steer or assign a potential borrower to a particular lender, and will not delay or refuse to certify a private loan based on the lender's choice.
  • Prohibition on offers of funds for private loans: The college will not request or accept offers of funds for private loans from lenders.
  • Ban on staffing assistance: The college will not accept financial aid staffing or call center assistance from any lender.
  • Ban on advisory board compensation: Staff members will not accept any compensation for advisory board participation or consulting services to lenders.

Veteran Benefits

If you're a veteran receiving the GI Bill or similar benefits, you can receive financial assistance for most LWTech courses and programs through Veteran Benefits. In addition, you may be eligible for a 25% waiver for tuition if you're a veteran or a member of the National Guard and have been honorably discharged or meet certain requirements.

Workforce Development

LWTech offers several federal and state funded programs through our Workforce Development programs that may provide assistance with tuition, books, advising, and individualized support services, depending on qualifications. See the Workforce Development page for more information.

GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government Web site at http://www.benefits.va.gov/gibill.