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Financial Aid for New Students

The Office of Financial Aid is committed to helping you and your family apply for and receive financial aid…before you enroll and each year of your enrollment at the College!

In the fall of 2021, over 430 first-year students enrolled, and more than 95% received some type of need-based aid. Plus, over 95% received at least one scholarship from the College.

Regardless of your income, if “cost” is a factor in deciding where you will enroll, be sure to complete the financial aid process outlined below, so that our office can provide you with details of your eligibility!

The process outlined below is for U.S Citizens and Permanent Residents. 

The processes for international and undocumented students are found within the links on the left.

Fall 2022 Process

Step 1. Complete the 2022-2023 FAFSA, if you haven't already done so.

  • Suggestions for completing the application are found here.
  • To add Lake Forest to a FAFSA you've already completed, log in to FAFSA.gov, select “Make FAFSA Corrections,” and navigate to the “School Selection” page. Add Lake Forest’s School Code (001706) and confirm your choice by selecting the “ADD>>” button. You will then indicate your housing choice. After you complete all of the Sign/Submit page your FAFSA will be released to us in about 48 hours.

  • The 2022-2023 FAFSA asks for 2020 income values. If your/your parent's current income now is significantly less than 2020, see Step 2 below.


Step 2. Optional. Complete any applicable "Special Circumstance Form(s)
." These allow you to report things that are not collected on the FAFSA: large income changes vs. 2020, large healthcare costs, private K-12 tuition, large unusual expenses, etc. Be sure to choose the version for the correct academic year. Feel free to contact our office to determine if your family should submit a particular form.

Step 3. Submit additional documentation (only) if requested. We will notify you by email or within the award letter if additional information is needed. Your prompt response will be appreciated. 

Fall 2022 Priority Deadlines

First-Year fall semester applicants are encouraged to complete the 2022-2023 FAFSA by December 1, if at all possible.

Transfer applicants for the fall should complete the 2022-2023 FAFSA by July 1, although Illinois residents should do so by April 1, to help ensure consideration for limited IL MAP Grant funds. 

Applications are accepted after these dates, but available funding may be less.

Spring 2023 Process

Step 1. Complete the 2022-2023 FAFSA, if you haven't already done so.

  • Suggestions for completing the application are found here.
  • To add Lake Forest to a FAFSA you've already completed, log in to FAFSA.gov, select “Make FAFSA Corrections,” and navigate to the “School Selection” page. Add Lake Forest’s School Code (001706) and confirm your choice by selecting the “ADD>>” button. You will then indicate your housing choice. After you complete all of the Sign/Submit page your FAFSA will be released to us in about 48 hours.
  • The 2022-2023 FAFSA asks for 2020 income values. If your/your parent's current income now is significantly less than 2020, see Step 2 below.

Step 2. Optional. Complete any applicable "Special Circumstance Form(s)." These allow you to report things that are not collected on the FAFSA: large income changes vs. 2020, large healthcare costs in 2022, private K-12 tuition for the 2022-23 academic year, large unusual expenses, etc. Be sure to choose the version for the correct academic year. Feel free to contact our office to determine if your family should submit a particular form.

Step 3. Submit additional documentation (only) if requested. We will notify you by email or within the award letter if additional information is needed. Your prompt response will be appreciated. 

Spring 2023 Deadlines

We strongly recommend that your FAFSA (and any "special circumstance forms") be submitted by December 1. Applications will be accepted after this date, but available funding may be less.

Your Award Letter

Once you have been admitted and submitted all financial aid documents, we will prepare an “award letter” showing the aid you qualify to receive. Details are on your Admissions Portal.

Please let us know if you do not wish to receive your Award Letter via email or online, or text message alerts related to financial aid.

How to Read Your Award Letter provides you with descriptions of the aid we have offered, financial aid policies related to that aid, and other important information.

We may require additional information from you. If so, we may use email or an occasional text message to notify you. The most common item is the V-1 Verification Worksheet for "dependent students" Other common forms we may have asked for are found here.

Compare Award Letters

Not all colleges and universities award letters are presented in the same way. This makes an “apples to apples” comparison more difficult. Make sure you clearly identify “free funds” (grants and scholarships) and loan funds. You might have two offers from two schools, each totaling $40,000, but one school is offering $30,000 in scholarship/grant funds and $10,000 in loans, while the second offer has $34,500 in scholarship/grant funds but $5500 in loans.

Take time to see which offer truly makes the most sense for you/your family, based on the resources you have available. Create a spreadsheet of your own, or use a tool such as those created online by Consumer Financial Protection Bureau or FinAid.org the College Board’s comparison tool.

When using these tools, consider including only “direct costs” of tuition, fees, room and board to show differences in what you will owe each college. Consider other “real costs” like books, travel and personal expenses separately, based on your best estimate or those provided by each college/university.

What Happens Next

After the FAFSA…

Within a few days of submitting your FAFSA, you will receive an email notification from the federal student aid processing center that your application was processed. It will include a link to your Student Aid Report or “SAR”, which is a summary of your application. Review it carefully as it will tell you if there are any issues to follow up on. Feel free to contact the Office of Financial Aid if you have any questions.

Accepting Your Financial Aid

If you decide to enroll at Lake Forest, you will need to pay a non-refundable deposit to “save your spot” in the class. Then, throughout the late spring and early summer months, you will complete numerous steps to prepare for your arrival in August and the beginning of the school year.

About Tax Returns

Do not send your tax returns unless we ask for them. If required, we usually need  only the federal 1040 (including Schedules A & C, and 1-3, if applicable). Please make sure it is signed.

Verification

Approximately one in five students submitting the FAFSA will need to provide additional documentation as part of the “verification” process. If you need to submit a Verification Worksheet you can email a .pdf or .jpg, or fax it to our office. Contact us if you need a Worksheet other than what is found here:

Parent Access to Student Information

The Parent Portal at Lake Forest College gives families online access to a student's information so that they are kept informed of their activities at the College. But in order to gain access, they need to be enrolled in the Lake Forest College Parent Portal.

In order to establish permission, your student should log into my.lakeforest and select the ‘Student’ tab, then “Privacy Permissions” from the left-hand column, and then “Define New Permissions.” That’s where they will add you to the list of people who can see their information.

The Parent Portal enables students to share with parents (or other parties) the information they want online while complying with the requirements of the Family Educational Rights and Privacy Act (FERPA). The permission that is granted can be cancelled or changed at any time by the student.

In the Parent Portal:

  • Students can share information with parents, including grades and GPA projection, class schedules, student account balances as well as financial aid awards and any outstanding documentation that may be required.
  • The College can share information with parents or guardians quickly and easily.
  • Parents can view information about a single student or multiple students in one convenient location.

Questions? Contact Dean of Students Office - Cindy Orr, orr@chenhuitours.com or 847-735-5203.

Federal Student Aid

FSA ID Required!

An FSA ID (Federal Student Aid ID) is an “electronic signature” required of all students and parents when applying for need-based financial aid. It is used to sign your financial aid application (FAFSA) and your student loan application, and to access your FAFSA throughout the year…and in future years! 

Apply for an FSA ID or get help with your ID

 Important Note: Separate FSA IDs are needed for the student and at least one parent. 

Signing with the FSA ID after original FAFSA was submitted    student     parent

Federal Student Aid (FSA) Academic Qualifications

To receive FSA funds, a student must be qualified to study at the post-secondary level. A student qualifies if he or she:

  • has a high school diploma (this can be from a foreign school if it is equivalent to a U.S. high school diploma);
  • has the recognized equivalent of a high school diploma, such as a general educational development or GED certificate, or students who are beyond the age of compulsory attendance within that state and pass a test that demonstrates the student’s ability-to-benefit (ATB) from the educational program in which the student is enrolled.
  • has completed homeschooling at the secondary level as defined by state law; or
  • has completed secondary school education in a home-school setting which qualifies for an exemption from compulsory attendance requirements under state law, if state law does not require a home-schooled student to receive a credential for their education.

For more information on any of the bulleted information above, click here.

We are currently accepting applications for Spring 2023 (First-Year and Transfer) and Fall 2023 (First-Year Only) through our own Lake Forest Application.

Contact Financial Aid

Phone and Fax

847-735-5103
finaid@chenhuitours.com

Location

Patterson Lodge, 2nd Floor
Middle Campus, Map

Hours

Monday-Friday
8:30 a.m. - 5 p.m.

FINANCIAL AID STAFF

Jerry Cebrzynski
Associate Vice President for Financial Aid
847-735-5104
cebrzynski@chenhuitours.com

Mark Anderson
Associate Director
847-735-5010
anderson@chenhuitours.com

Adriana Rodriguez
Associate Director for Financial Aid Operations
VA Certifying Official
847-735-5015
rodriguez@chenhuitours.com

Si necesita hablar con alguien en español en la oficina de ayuda financiera, usted puede llamar a Adriana Rodriguez.