
Financial Aid for Online Programs
LA College is proud to offer federal financial aid programs to those who qualify. We've also developed a number of other financing options for our students, because we don't want a lack of available resources to derail your educational dreams.
We know the process of finding and applying for financial aid can be overwhelming, you are not alone. Our financial team is available to help you identify your options, walk you through the forms, and guide you through the process over the phone and/or online.
Financial Options
There are many financial options available to LA College students; we want to provide you with every opportunity to complete your education with us. We accept cash, checks or credit cards, and offer a convenient monthly payment system. Federal work-study is an option available to students with demonstrated financial need who wish to work while obtaining their degree. There are three additional ways to pay for your schooling:
1. Grants
Federal Grant Programs
Several different financial programs are available to students who are U.S. citizens and permanent residents. These programs are offered to qualified students who meet admissions standards and need financial assistance to defray the cost of tuition, registration, texts, and/or other educational expenses.
Two of these sources, the Pell Grant and the Supplemental Educational Opportunity Grant (SEOG), are grant programs based on your financial need; they are not loans. The SEOG is limited, and is awarded to students who qualify during each federal program year until the funds are depleted. These funds can only be applied to costs related to campus-based education and do not require repayment. Students who have paid their full tuition in advance for an academic year may choose to have their grant funds issued directly to them.
California State Grants
The California Student Aid Commission (CSAC) administers Cal Grants A, B, and C. These grants are based on financial need and academic achievement as measured by Cumulative Grade Point Average (GPA). The GPA is measured from high school or the previous September in college if 24 or more units have been completed in a degree program in California-based educational institutions. The application needs to be filed between January 1 and February 28 of each award year. The LA College Financial Aid Office can provide more information.
2. Loans
Stafford Loans
Stafford loans are available through banks, credit unions, and savings and loan institutions at low rates. The interest rate on Stafford loans varies and repayment doesn't begin until six months after you leave school or drop below half-time enrollment. Up to 10 years (120 installments) are available for repayment; a minimum payment of $50 per month is required per loan. This low interest, long-term financing provides additional motivation for you to get the education you need to follow the career path of your choice or prepare for continuing, advanced education.
Private Loans
Any balance not covered by Federal student aid, cash, and/or scholarships can be financed with an alternative loan. Your eligibility and interest rate will be based on your personal credit report. Co-signors are encouraged to apply with you for a better combined credit score. A better credit score will give you a preferred interest rate.