Financial Aid for New Students

The Office of Financial Aid is committed to helping you and your family apply for and receive financial aid, both before you enroll and during your time here.

  • The steps below are for U.S. citizens and permanent residents applying for need-based financial aid (grants, loans, work-study). 
    >> Note that we do not require the CSS Profile. <<


    Follow this link
     if you are an international student.

    Follow this link if you are undocumented.

     

    Applying for Fall 2015

    Step 1: Complete the Financial Aid FastApp

    Required only of those applying under Early Action or Regular Decision 
     

    Step 2. Complete the 2015-2016 FAFSA*

    • Available January 1, 2015
    • FAFSA: Free Application for Federal Student Aid
    • The optional FAFSA Worksheet (en Español) will allow you to see most questions that require some preparation
    • Be sure to choose the 2015-2016 version
    • Please submit by Priority Deadlines shown on the right
    • Our Federal School Code is 001706
    • en Español

     

    Applying for Spring 2015

    Step 1: Complete the 2014-2015 FAFSA

    • FAFSA: Free Application for Federal Student Aid
    • Click here to add Lake Forest to a FAFSA you already submitted  
    • en Español
    • The optional FAFSA Worksheet (en Español) will allow you to see most questions that require some preparation
    • Be sure to choose the 2014-2015 version
    • Our Federal School Code is 001706

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Important Notes:

  • Do not send your tax return to our office.  If required, we will ask you for the necessary IRS documents.
  • If you are not a U.S. citizen or permanent resident, see our “International Students” page for further information.

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What Happens Next… 

Once you have been admitted and submitted all applicable financial aid documents (shown above) we will prepare a statement (we call it an “Award Letter”) showing the aid you qualify to receive. We will send your Award Letter to your e-mail address, and will come from “(name)@lakeforest.edu.”

We may require additional information from you at some time in the process.  If so, we will also use email to let you know.  We may even send an occasional text message to alert you to an important e-mail we have sent.  They will come from the address “SMS@blackboard.com.”

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Worth Every Penny

PayScale.com’s 2014 list of colleges with the best ROI (return on investment) named Lake Forest College 11th in the nation among liberal arts colleges for the best return on investment. Lake Forest was ranked #1 among liberal arts colleges in Illinois and fourth in Illinois universities and colleges. 

Additionally, Lake Forest College is in the top 7 percent of a recent Forbes Magazine list of colleges and universities that ranks each institution based on the number of alumni with the highest salaries. 

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Scholarship Scams:

In January 2014, the National Association of Student Financial Aid Administrators reported about a fake scholarship fund that sends a congratulatory message and even a check in the mail, and then it asks the student to send them a check for taxes and fees in return. The check from the scholarship company bounces, and then the student suffers the costly consequences, even identity theft.

In January 2013, our office heard from several students who received an email claiming to be from the Robert Sterling Scholarship Foundation.  A scholarship is offered and awarded based on very limited information from the applicant, and a false scholarship check is sent. They contact you later to say the check was larger than it was supposed to be.  They ask you to deposit the first check immediately, and write a check to them to cover the excess amount you received. The problem? the check you received from them is bad and you will have lost the money that you sent to them.

If you ever have a question about a scholarship offer that sounds (or smells) “fishy” feel free to contact the Office of Financial Aid (finaid@lakeforest.edu, 847-735-5103) and we will try to help determine if it is legitimate.