How is financial need determined?
As part of your application, you must submit your parents’ tax return and a family financial summary. These documents are then reviewed by our independent third-party financial aid consultant, who provides the Fund with a “need” amount for each applicant.
How do I apply?
New and Renewal applications should be downloaded from our website. Applications may be mailed, faxed, or emailed to the LMTSF office.
When are applications due?
All applications are due on or before February 1st.
Who reads applications and decides how much money is granted to recipients?
Board members review applications, financial aid packages, and the determined amount of “need” for each applicant, as calculated by our financial aid consultant. Board members do not review, and do not have access to, any tax returns or financial summaries.
Why is my financial aid package so important?
It makes us aware of other financial assistance you are receiving, which, in turn, may affect the amount of the grant you receive from the Fund.
Does the Board ever consider students who do not meet the outlined criteria?
Exceptions are made on a case-by-case basis. Any exceptions must be submitted by the student’s guidance counselor, with a recommendation for the Board to consider the application.
When are awards announced?
Awards are announced during the first week of May.
When are checks sent to the institutions?
Checks are sent on or before August 31st for the fall semester and January 31st for the spring semester.
If I transfer to another school, can my grant be transferred to that school?
Yes, but in order to transfer the grant, you must provide the financial aid package from the new school. Your grant may be adjusted, depending on the cost of the new school and any other financial support it may provide.
Why do I have to submit a renewal application each year?
To verify that your financial need still exists and that you are still attending the same institution, and to enable the Board to adjust the amount of the grant in appropriate circumstances.
How many years of assistance can I expect to receive from LMTSF?
Eligible applicants can receive grants for up to eight semesters of undergraduate or vocational education.
Can I get a LMTSF grant for graduate school?
No, the Fund does not provide grants for graduate school.