Emergency Loans

The Lake Superior College Foundation is offering Emergency Loans up to $500, while funding lasts, for qualified students currently enrolled in Lake Superior College. This is a zero interest loan that must be repaid within the payment conditions and timeline set with the LSC Business Office, which is typically by the end of the semester you are applying. If approved for a loan by the LSC Foundation, you will then work with the Business Office to setup a payment plan. Failure to follow the repayment plan can result in the amount being sent for collections the State of Minnesota and/or a collection agency, which will result in additional fees and charges.

LSC Foundation Revolving Loan Program

The LSC Foundation Revolving Loan Program is an opportunity for individuals who do not qualify for or may have exhausted their financial aid, but want to return to school to gain new skills. The program will provide an interest-free loan up to $2,000 to individuals pursuing high-demand occupations.

Eligible programs:

  • Aviation Maintenance Technology
  • Basic Electronics
  • Cyber Security/Defense
  • Massage Therapy
  • Medical Technology
  • Nursing
  • Surgical Technology
  • Truck Driving
  • Welding

How it works

Students with a proven track record of academic success while attending Lake Superior College are eligible for this program.

Awards must be used within one year of the student’s anticipated graduation date.

An award recipient will start repaying the loan within 6 months of graduation, and loans are to be paid back in full within 24 months.

How to apply

Contact the LSC Foundation staff at 218-733-7707 or foundation@lsc.edu to inquire about the LSC Foundation Revolving Loan. The Foundation staff will be happy to help you with any part of the application process by phone or email.

Reminder: Applications are accepted year-round. All scholarships offered through the LSC Foundation are made possible by generous donors. Awards from the LSC Foundation Revolving Loan Program must be used to defer the cost of tuition, books and required instructional equipment.