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Funding Options - Financial Aid
Scholarships

Scholarships are funds that cover all or a portion of the student's expenses. Scholarships at the Institute of Technology are of two types: those administered solely by the Institute, who selects recipients, and those administered by the Institute at the request of donors, who select the recipients, themselves. Students applying for scholarships administered by the Institute should apply to the Office of Student Financial Aid at the Institute by February 15. Half of the scholarship is disbursed for the fall semester and the remaining half for the spring semester. Students must apply directly to the donors of other scholarships.

Grants

The Federal Pell Grant is the foundation for all other need-based aid programs. This is determined by the Free Application for Federal Student Aid. No other need-based assistance (grants, loans, workstudy) can be awarded until the student's eligibility for the Pell Grant is determined.

Other available grants are the Supplemental Educational Opportunity Grant, the Texas Public Education Grant (TPEG) and Student Deposit Scholarship (SDS). Students with exceptional need as determined by the Free Application for Federal Student Aid form may be awarded one of these grants.

Loans

Lamar Institute of Technology provides both short-term and long-term loans. Short-term loans for 30 to 60 days are designed to cover emergency situations and must be repaid within the semester in which the loan is made. Long-term loans with repayment after graduation may be obtained under the Stafford Student Loan Program (formerly GSL). Those interested in one of these loan programs should contact the LIT Student Financial Aid Office for information and application forms.

Click here to see more information on Federal Stafford Loan

Employment

Employment opportunities under the College Work-Study Program and other employment programs of the Institute are available to students as part of the financial assistance program. The Institute, local businesses and industries provide a number of part-time jobs that enable students to earn part or all of their expenses while attending the Institute. Students interested in the work study program should request consideration on the FAFSA and also fill out an employment application in the financial aid office.