Resources

Satisfactory Academic Progress (SAP)

Federal regulations mandate that a student receiving financial assistance under federal Title IV programs must maintain Satisfactory Academic Progress (SAP) in his/her course of study regardless of whether or not financial aid is awarded each semester.

Students pursuing a certificate or associate degree are responsible for understanding and adhering to the financial aid satisfactory academic progress policy.  It is important for all students to understand that the primary financial responsibility for paying for college lies with the student and the parent.  All appropriate applications, documentation, and information must be accurate. 

In the case of a self-supporting student, the primary financial responsibility lies with the student and/or the spouse, if married.  Therefore, the purpose in completing the financial aid application process is to determine the expected contribution from income and assets toward the total cost of education by the student, his/her parents or spouse if married.

Summer (Year - Round) Pell Grant

Summer (Year - Round) Pell Grant is now available for students that qualify, even if the full Fall and Spring amounts have been used. To be eligible for the additional Pell Grant funds, the student must be otherwise eligible to receive Pell Grant funds for the payment period and must be enrolled at least half-time (6 credit hours) during the summer. 

Student must meet the Satisfactory Academic Progress (SAP) and submit a summer request form to the Student  Financial Aid Center before April of every year (date is tentative). 

Transient Students

You are considered a Transient student if you are currently attending another college or university an intend to enroll at LC with the intent to return to your home institution at the end of the summer.

Transient students are not eligible for financial aid at Laredo College, you must check with your home institution regarding financial aid eligibility. 

All Transient students are expected to complete payment on their classes by the scheduled payment deadline for the term they want to attend. 

If a student is incorrectly classified as an actual Transfer student, an awarded financial aid funds, all funds will have to be returned immediately upon review of status. 

Which Way Financial Literacy App

What is Financial Literacy ?

The possession of Skills and Knowledge that allows an individual to make informed decisions with all their financial resources. 

Laredo College Student Financial Aid Centers are focused on helping students succeed in college and beyond The WhichWay Financial Aid Literacy App provides essential life skills needed to overcome financial barriers, thus empowering current and future students make better decisions with their personal finances.   

WhichWay has ten simple modules that are designed as a series of self-paced micro learning lessons and exercises.WhichWay addresses different learning styles. The information is presented in a variety of ways including text, graphics, videos, activities and easy exercises. Best of all, it is available in the palm of your hand 24/7.  You can complete lessons when it’s convenient for you. Don't delay! Download WhichWay, a Financial Literacy App today!

Laredo College is excited to provide, to all registered students, an easy to access Financial Aid Literacy App called WHICHWAY.  WhichWay is a Financial Literacy App that can be downloaded from the App Store (iOS) or Google Play Store (Android). Engaging videos and interactive exercises will empower you to make better decisions with your financial resources.

No smart phone or tablet, not a problem. Visit WhichWay via internet at home, work, or our financial aid lab. 

If at any time you need help while using the WhichWay app for any questions or concerns or email whichway@studentconnections.org   

If you have any additional questions about the WhichWay Financial Aid Literacy App please call us at 956-721-5361 or email finaid@laredo.edu

Students With Loans

Loan Borrowers:

Are you behind on your student loan payment or cannot make payments or cannot get financial aid to continue your education because you defaulted on your student loans? Help is on the way! Loan Science is here to assist you to rehabilitate your student loan.

Has Loan Science reached out to you via email or by telephone? Relax! Please know Laredo College is on your side, you were called on behalf of Laredo College Financial Aid Office to assist you manage your Student Loan Debt. Laredo College wants you to complete your degree or continue your certificate program.

The Loan Science website is your guide to help manage your student loan(s). In fact, we have it down to a science. We can help you navigate your loan repayment options easily without any additional charges.

For further assistance or question with your Student Loans, please visit Loan Science at LoanScience or email loansupport@loanscience.com  or call at 1-866-311-9450.

Return of Title IV Funds Policy and Withdraws

Federal regulations referred to as the Return of Title IV Funds policy, require Laredo College to calculate a refund and repayment of federal aid received by students who withdraw prior to the 60% point of a term for which he/she has received federal aid. The Title IV (federal) programs under this policy are: Federal Pell Grant and Federal Supplemental Educational Opportunity Grants (FSEOG). According to the Return of Title IV (R2T4) Funds policy, the student is allowed to retain only the amount of Title IV financial aid that was earned. If a student withdraws or stops participating in classes, a portion of the aid received is considered to be unearned and must be returned to the Title IV programs from which it was received. If the R2T4 calculation results in unearned aid that must be returned, both the school and the student are responsible for returning funds.

Students wishing to completely withdraw from Laredo College must initiate the withdrawal process in the Office of the Registrar.

A student who fails all of their classes in a term may be subject to the R2T4 calculation. If a student “earned” at least one of their F’s (if student participated in class until the end of the semester and received an F for poor performance), then no calculation is required. However, if the student failed all classes because they stopped attending at some point in the semester, then a R2T4 calculation is required based on the last documented date of attendance. If a last date of attendance cannot be determined, the 50% point of the term will be used as the withdrawal date, and the unearned aid will be 50%. At the end of the term, the Office of Financial Aid will notify students who have received all F's of the requirement to perform the R2T4 calculation.

R2T4 Process upon determination that a student has withdrawn, the Office of Financial Aid will process the R2T4 calculation.

The following steps are used to calculate the amount of aid a student has earned and how much must be returned (if any).

Within 30 days of the determination that the student owes Title IV funds, the student will be sent a letter notifying them of the balance they owe. Students are given 45 days from the date the notification was sent to repay the debt to Laredo College. Any unpaid accounts will be reported to the National Student Loan Data System (NSLDS). Any student reported to have received an overpayment is not eligible for federal financial aid at any institution until the overpayment is resolved. The overpayment may be resolved by being paid in full to Laredo College.