Federal and State Aid

Types of Financial Aid

There are three basic types of financial aid: grants/scholarships, loans, and work-study programs.

Grants and Scholarships

Grants and scholarships are often called “gift aid” because they don’t have to be repaid. Grants can come from a variety of different locations, most commonly the federal and state governments. There are thousands of scholarships, from all kinds of organizations. Below are just a few examples of the grants and scholarships available.

Federal Grants

• Federal Pell Grants
• Federal Supplemental Educational Opportunity Grants (FSEOG)
• Federal TEACH
• Iraq and Afghanistan Service Grants

Federal Loans

• Subsidized Federal Direct Loan
• Unsubsidized Federal Direct Loan
• Federal Parent Plus Loan Program

Tennessee Grants*

• Tennessee State Assistance Corporation Grant* (TSAC)
• Tennessee Educational Lottery Scholarship* (TELS or HOPE)
• Tennesse Promise
• Tennessee Reconnect

Vocational Rehabilitation Grants

• These grants are made through the Department of Human Services for students who have some type of disability. Contact the local office of the Department of Human Services for more details.

Federal Work-Study Program Tab

The Federal Work-Study (FWS) program is a federal funded program that enables students to earn part of their financial aid awards through part-time employment, on campus, at specified locations approved by the Financial Aid Office. These job opportunities allow students “self-help” financial aid and an opportunity for career, social, personal and educational development.

In summary, the federal work-study program seeks to provide students with:

• Opportunities for career development
• Educational experiences
• Opportunities to demonstrate social responsibility
• Provide an environment and experience to serve others

To be eligible a student must meet eligibility requirements for federal financial aid. Federal Work-Study award is based on the availability of the funds on a first come first serve basis for students who meet the following criteria:

• Financial aid file is processed and completed
• Show interest on FWS through FAFSA
• Be a Pell Grant eligible recipient
• Meet and maintain Satisfactory Academic Progress (SAP) throughout the work assignment
• Enrollment of at least 6 or more credits for the Fall/Spring semesters
• Having remaining needs

FWS Award Acceptance Process

» FWS award acceptance must be communicated to the Financial Aid Office within 10 business days from the receipt of award email notification. FWS award that has not been accepted within the 10 business days timeframe will be removed from the students CAMS award account

» FWS Orientation:

• Must attend. If not completed within those 10 business days the FWS award will be removed from your account.
• Obtain an application via email
• Obtain information pertaining to the FWS program, assignment, responsibilities, hiring process

» Meet with department supervisor to complete the hiring process

» Submit the hiring packet via Paycom to the Financial Aid Office.

For more information, please contact:
Brittney Bond | Work-Study Coordinator
731-426-7537 | bbond@lanecollege.edu

Submitting Time:

• Time sheets are due by 12:00pm every other Tuesday to the Payroll Office
• Late timesheets will cause delay of paycheck
• It is the responsibility of the department supervisor to submit the students timesheet
• Paycheck will be issued to the student every two weeks
• Timesheets are paperless in Paycom


Resources

Finding the information you need to complete the financial aid and verification process can be daunting but here are resources and forms that can make the process a little easier. If you have questions, please reach out to our financial aid office at 731-426-7602 and we'll walk you through it step by step.