Understanding Lake-Sumter State College Tuition and Fees
Lake-Sumter State College (LSSC) is a public institution offering associate degrees and certificates in various fields. Understanding the tuition, fees, and payment policies is crucial for students planning to attend. This article provides a comprehensive overview of LSSC's tuition costs, payment options, financial aid, and related information.
General Information about Lake-Sumter State College
Lake-Sumter State College, founded in 1962, is located in a suburb, serving a diverse student body. The college utilizes a semester-based academic year and maintains a student-faculty ratio of 24-to-1. LSSC has an open admissions policy and offers credit for life experiences. In 2023, the college enrolled 5,064 students, with 33.7% attending full-time. The enrolled student population is diverse, with a significant representation of White (50.3%), Hispanic or Latino (26.7%), and Black or African American (11.2%) students.
Tuition and Fees
In-State and Out-of-State Tuition
For the academic year 2020-2021, the in-state tuition and fees were $3,292, while out-of-state tuition and fees amounted to $13,276. The undergraduate tuition for 2023 remained at $3,292, significantly lower than the national average for Baccalaureate/Associates Colleges ($12,192).
Additional Fees
Beginning in Fall 2020, LSSC introduced a $2.00 per credit hour parking fee for all in-person and hybrid classes. Students who have an in-person or hybrid class but do not park on campus can fill out the Parking Fee Waiver Request form in Workflow. In addition to tuition, some courses may require additional fees to cover the costs of supplies or consumables.
Payment Methods
LSSC offers multiple payment options to accommodate students' needs. Credit card payments are processed through myLSSC using CashNet. A convenience fee is applied to credit card transactions, and cardholders have the option to opt out and choose another payment method. Checks or money orders are also accepted, ensuring the student’s full name and LSSC ID (X-ID) are written on the check/money order. Library fines must be paid directly at the Library.
Read also: Enhancing Education in Lake County
Payment Responsibility
Students are responsible for paying all charges related to their attendance at LSSC. Unpaid accounts may be submitted to an outside collection agency and reported to the credit bureau.
Financial Aid and Net Price
Financial Aid Availability
At Lake-Sumter State College, a significant percentage of undergraduates receive financial aid. In 2023, 44% of undergraduate students received financial aid through grants, and another 44% received aid through loans.
Average Net Price
The average net price for students after financial aid is factored in was $6,242 in 2023. This net price considers grants and loans, making LSSC an affordable option for many students.
Types of Financial Aid
Financial aid can include grants, loans, scholarships, and work-study jobs. The average scholarship or grant award is $4,151. Financial aid packages vary depending on a student's financial need, which is typically determined based on the Free Application for Federal Student Aid (FAFSA).
Financial Aid Application
Although specific application due dates are not provided, it is advisable to apply for financial aid as early as possible. While priority application deadlines may exist, students should still apply for financial aid even if they miss these dates.
Read also: Office of Education Initiatives
Refunds
If a student is due a refund on their student account, such as from a financial aid award, the refund will be credited back to the original form of payment if the payment was within the previous 30 days. Refunds for Financial Aid are processed within 14 business days of the Financial Aid department disbursing financial aid. Disbursement happens after professors have reported initial attendance, which typically occurs following the second week of the term. To set up direct deposit for refunds, students can go to the Make a Payment link on the Students Links card.
Florida Prepaid
Students with Florida Prepaid accounts must ensure their account is in good standing with sufficient credit hours available when LSSC invoices after the add/drop deadline, which can be found on the academic calendar. If applicable, students should notify Florida Prepaid to release any holds. Depending on the type of plan, students may be responsible for paying a portion of their registration fees, and they will be responsible for any balance remaining owed after the Florida Prepaid payment is removed.
Dropping Courses and Potential Refunds
Students are responsible for dropping themselves out of any course they do not wish to attend before the Course Drop Deadline. This ensures they are not charged for courses they are not taking and may be eligible for a refund.
1098-T Forms
1098-T forms for each tax year are available by January 31 of the following year. These forms are furnished electronically and may be generated/printed using the Make a Payment option on myLSSC.
Provisional Credit
To apply a provisional credit to your account, you will need to provide your complete social security number in your personal information on myLSSC.
Read also: Your Guide to Big Lake Community Education
Enrollment and Student Demographics
In 2023, Lake-Sumter State College had a total enrollment of 5,064 students. The full-time enrollment was 1,705 students, and the part-time enrollment was 3,359 students. The student body is diverse, with significant representation from various racial and ethnic groups.
Graduation and Career Outcomes
In 2023, Lake-Sumter State College awarded 990 degrees, with 60.4% of these degrees awarded to women and 39.6% awarded to men. The most common race/ethnicity group of degree recipients was White (541 degrees), followed by Hispanic or Latino (211 degrees). Common jobs for graduates include registered nurses, accountants, auditors, and managers. The most common industries employing graduates are hospitals, schools, and computer systems design.
Campus Resources
Lake-Sumter State College provides various campus resources and services to support students, including employment services, academic/career counseling, and placement services.
Endowment and Financial Operations
Lake-Sumter State College has an endowment valued at nearly $11.9 million as of the end of the 2023 fiscal year. In 2023, the college had a total salary expenditure of $44 million.
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