Your Award
At the time your application was evaluated, you
were considered for all types of assistance, including
scholarships, grants, loans and student employment.
The Financial Aid Office determined your eligibility
for each type of aid and assigned a combination
of assistance in accordance with your eligibility.
The specific components of your aid package are
dependent upon the availability of funds and your
demonstrated financial need.
Lycoming College reserves the right to review,
modify or cancel your financial aid award at any time
on the basis of information affecting your eligibility.
This may include, but is not limited to, changes in
your financial or academic status, or changes in the
availability of federal, state or institutional funds.
Your total amount of assistance from all sources
may not exceed your cost of attendance. The Financial
Aid Office will determine your cost of attendance.
Financial Need
Students must demonstrate “financial need” to
qualify for assistance from “need-based” programs.
Students do not necessarily have to be from a low-
income family. “Need” is the difference between the
cost of attending Lycoming College and what the
student and/or family can contribute as calculated by
a financial aid formula that is approved by the U.S.
Department of Education.
Grant or scholarship funds appearing on the
award notification are funds that do not have to be
repaid by the student. These types of awards are
commonly known as “gift aid.” Lycoming grants and
scholarships are available for use in the first eight (8)
semesters of full-time enrollment.
Lycoming Grant
The Lycoming Grant is awarded to full-time
students who have documented financial need, as
determined by federal methodology and Lycoming
College. This grant is funded solely by Lycoming
College. Funds are limited and are therefore
distributed as equitably as possible to students
with financial need. A student must complete the
Free Application for Federal Student Aid (FAFSA)
annually to be considered for this grant.
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