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1098-T Tax Information for 2015

Prior to January 31, 2016, the LATI Business Office mailed a 1098-T form to you if you paid Tuition & Fees during 2015. You are also able to view it on your Student Portal under Student/My Finances/1098-T Info.


LATI Financial Aid Information

This page contains information on:

  • Applying for Financial Aid
  • Types of Financial Aid Available
  • Help for the Direct Stafford/Plus Loan
  • Alternative Loans
  • Part-Time Jobs
  • Other Agency Sources
  • Other Important Information


See also Frequently Asked Questions about Financial Aid

Applying For Financial Aid

To apply for federal financial aid, you must complete the Free Application for Federal Student Aid (FAFSA). Click here to access the FAFSA or go to

Lake Area Technical Institute Federal School Code for the FAFSA is 005309

LATI does not award your financial aid file until you have been accepted for admission. Please make sure the Admissions Office has all of the required paperwork and that you have taken any required admission tests.

To contact the LATI Financial Aid Office, please call 605-882-5284 or toll-free 800-657-4344.

  • Ext. 255 – Marlene Seeklander
  • Ext. 254 – Carrie Jordanger
  • Ext. 274 – Nancy Gilbertson
  • Ext. 301 - Julie Forman


Types Of Financial Aid Available

The FAFSA determines eligibility for the following federal programs (click below for more info):


Help for the Direct Stafford and Direct Plus Loan


  1. This link will take you to
  2. Once there: Sign in using your FAFSA ID.
  3. You will be required to complete a Master Promissory Note. First time borrowers are also required to complete Stafford Loan Entrance Counseling.



  1. This link will take you to
  2. Sign in using your FAFSA ID.
  3. Select “Complete PLUS Request Process”.
  4. If credit is approved, you can complete a “PLUS Loan Application” and “Master Promissory Note” by clicking on “Sign Master Promissory Note.”
  5. If you are denied the PLUS during the preapproval process, you will be notified. The student is then eligible for an additional unsubsidized Stafford loan up to $4,000. You can also reapply with an endorser or appeal the denial.


Private Alternative Loans

Private alternative loans are offered by several lenders through their own private loan programs. Students should exhaust all federal financial aid options before applying for a private alternative loan. If you decide to borrow a private alternative loan, you must select your private alternative loan lender. The Financial Aid Office cannot select one for you or make recommendations.

Please carefully review all options available to you so that you can make an informed decision. Click here to learn more about the private alternative loan lenders we work with and that our students have used in the past few years. You can also apply for a private alternative loan through this link. If you still have questions or need more information, please contact the Financial Aid Office.

Private alternative loan borrowers are required to fill out a Self-Certification of Private Loans. Most lenders will provide this to you. Click here for the Self-Certification of Private Loans document.

Helpful Hints

  • Due to “truth in lending” regulations, processing time will take from 20-30 days from application approval by lender to disbursement.
  • Loans are disbursed by semester, unless otherwise requested.
  • Be prepared! Start planning early so that you have your funds available when school starts, if that is when you need them.
  • Apply on-line, if possible.


Part-Time Jobs

If you are interested in a part-time job that is not based on eligibility for Federal Work Study, please visit the South Dakota Department of Labor and Regulation Office, located in Student Services on the LATI campus.

Other Agency Sources

LATI also works with the following agencies and programs to assist in providing funding for our students:


Tax Information for Students and Parents

The Department of Education has reviewed anecdotal information and data from the IRS that leads them to believe many students and their families do not take advantage of tax credits such as the American Opportunity Tax Credit (AOTC) and the Lifetime Learning Tax Credit.

You can review this information here.


Tool Programs

Are you going into a program that requires Tools and you need some ideas for funding options?


Student Consumer Disclosure Information

Student Consumer Disclosure Information