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Expenses for the
Academic Year 2002-2003
The following expenses are effective for the regular fall and spring
semesters. The College reserves the right to adjust fees at any time. The fees
for each semester are payable approximately two weeks prior to the start of
classes for the semester as indicated on the semester bill.
|
Fees
|
Per Semester |
Per Year
|
| Tuition |
$10,544.00 |
$21,088.00 |
| Room Rent |
$ 1,502.00 |
$ 3,004.00 |
| Board |
$ 1,431.00 |
$ 2,862.00 |
| Total |
$13,477.00 |
$ 26,954.00 |
|
|
|
One-Time Student Fees
|
|
|
Application Fee
|
$35
|
|
Confirmation/Contingency Deposit
|
$200
|
|
Room Reservation Deposit
|
$100
|
|
|
|
Part-Time Students Fees
|
|
| Application Fee |
$35 |
| Each Unit Course |
$2,636 |
|
|
|
Additional Charges
|
|
| Non-refundable Enrollment Deposit for
Returning Students |
$100 |
| Activity Fee |
$125 |
|
Applied Music Fee (half-hour
per week per semester)
|
$250 |
|
Technology Fee (resident students) (per semester)
|
$155 |
|
Cap and Gown Rental |
prevailing cost |
|
Laboratory Fee per Unit Course |
$10 to $100 |
|
Parking Permit (for the academic year). |
$60/120 |
|
Practice Teaching Fee (payable in junior
year)
|
$400 |
|
R.O.T.C. Uniform Deposit (payable at Bucknell University) |
$75 |
|
Transcript Fee |
$4* |
|
Placement Retest Fee |
$25 |
|
Single Room Charge additional charge of
$601 per semester. |
|
|
|
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The tuition covers the regular course load of twelve to sixteen credits each
semester excluding band, choir, theater practica and all scholars' seminars. Any
credits over 16 will be charged at a rate of $659 per credit. Resident students
must board at the College unless, for extraordinary reasons, authorization is
extended for other eating arrangements. If a double room is used as a single
room, there is an additional charge of $601 per semester. The estimated cost for
books and supplies is up to $800 per year, depending on the course of study.
Special session (May Term and Summer Session) charges for tuition, room, and
board are established during the fall semester.
*$4 for first copy; $1 for each additional copy requested at the same time.
No charge for currently enrolled full-time students. No transcripts will be
issued for a student or alumnus whose financial obligation to the college has
not been satisfied.
Entry Fees and Deposits
Application Fee — All students applying for
admission must submit a $35 application fee. This charge defrays the cost of
processing the application and is nonrefundable.
Confirmation/Contingency Deposit - All full-time students who have been
notified of their admission to Lycoming College are required to make a $200
Confirmation Deposit to confirm their intention to matriculate. The Deposit is
held until Graduation or upon written notification submitted to the Registrar's
office at least two weeks prior to the start of each semester. Any remaining
deposit balance will be refunded after all financial obligations to the College
have been satisfied.
Resident students must remit an additional $100 Room Reservation Deposit. The
room deposit is applied against the comprehensive fees billed for the first
semester of attendance.
Both the Confirmation and Room Reservation Deposits are refundable prior to
the start of the first semester of attendance if the official withdrawal date is
not later than May 1.
Enrollment Deposit — A non-refundable enrollment deposit of $100 is
required of all current full and part-time degree-seeking students each spring
in order to pre-register for the subsequent fall semester courses and/or to
participate in the annual room selection process. This deposit is applied
against the fall semester bill.
Partial Payments
For the convenience of those who find it impossible to follow the regular
schedule of payments, arrangements may be made with the College Bursar for the
monthly payment of College fees through various educational plans. Additional
information may be obtained from the Treasurer's Office or Admissions Office.
Lycoming College Withdrawal Refund Policy
Students wishing to withdraw from the College during the semester should meet
with the Associate Dean of the College or the Assistant Dean for Freshmen to
ensure that student financial and academic records are properly closed. The
effective date of calculating refunds shall be: the date, as determined by the
institution, the student began the withdrawal process or provided official
notification to the institution of his or her intent to withdraw; the midpoint
of the payment period or period of enrollment if the student dropped out without
notifying the institution; or the date, as determined by the institution, that
the student withdrew due to illness or accident.
Students withdrawing will receive a prorated refund for tuition, fees, room
and board, less an administrative fee of $100 and any unpaid charges, according
to the following schedule:
|
Refund |
Charge |
| During Week 1 |
90% |
10% |
| During Week 2 |
85% |
15% |
| During Week 3 |
80% |
20% |
| During Week 4 |
70% |
30% |
| During Week 5 |
65% |
35% |
| During Week 6 |
60% |
40% |
| During
Week 7 |
50% |
50% |
| During Week 8 |
45% |
55% |
| During Week 9 |
40% |
60% |
| After 9th Week |
0% |
100% |
Comparative schedules apply to the May and Summer terms.
The U. S. Department of Education requires that, for any student receiving
federal financial aid, the federal programs be refunded IN FULL in the following
order: Unsubsidized Federal Stafford Loan, Subsidized Federal Stafford Loan,
Federal Perkins Loans, Federal PLUS Loans, Federal Pell Grants, FSEOGs, other
SFA Programs, and other federal, state, private, or institutional sources of aid
prior to any refund being issued to the student. See Federal Funds Withdrawal
Policy for further explanation on return of Federal Funds. State Grant programs
have varying regulations concerning refunds, but most will require at least a
partial refund of the State Grant. If the student has received a Lycoming Grant,
a pro-rated portion of the student’s refund also will be repaid to the
Lycoming Grant program. This will reduce, or in many cases eliminate, the amount
of the refund the student otherwise would receive. Detailed examples are
available from the Financial Aid Office.
Full-time students who, after reducing their course loads, continue to be
enrolled for 12 to 16 semester hours are not eligible for a refund of tuition
for an individual course. Students who register for extra hours in excess of 16
hours per semester and who later reduce their loads will be refunded the fee
charged for overloads according to the above schedules. Students who enroll
full-time and subsequently assume part-time status by reducing their loads below
12 hours, and part-time students who drop individual courses, will be refunded
according to the above schedules for the semester hours dropped. The assumption
of part-time status normally involves a substantial reduction of financial aid
since most financial aid programs do not extend eligibility to part-time
students.
The calculated refund will be reduced by unpaid charges. Any balance
remaining will be billed to the student. Unpaid student account balances will be
charged interest at the rate of 1% per month on the month end balance until
account is paid in full. Should legal collection become necessary, all
costs of collection will be added to the balance due.
FEDERAL FUNDS WITHDRAWAL POLICY
Definitions
Earned Title IV Funds: Title
IV funds used to cover educational costs according to the length of time the
student was enrolled before with-drawing. The amount of funds earned is directly
proportional to the time enrolled, through 60% of the term. After 60%, the
student is considered to have earned all aid. The earned Title IV funds
percentage is calculated by dividing the number of days completed up to the
withdrawal date by the total days in the billing period.
Unearned Title IV Funds:
The amount of grant and loan assistance awarded under Title IV that has not been
earned by the student. The law states the earned Title IV funds are to be used
to cover the length of time the student was enrolled before withdrawing.
Unearned Title IV funds must be returned to the programs. The unearned Title IV
funds percentage is determined by subtracting the earned Title IV funds
percentage from 100%. To calculate the amount of unearned Title IV funds,
multiply total disbursed federal financial aid (3) by the unearned Title IV
funds refund percentage.
Withdraw date: The date the
student began the withdrawal process; the date the student otherwise provided
the school with official notification of the intent to withdraw; or for the
student who does not begin the school’s withdrawal process or notify the
school of the intent to withdraw, the mid-point of the payment period or period
of enrollment for which Title IV assistance was disbursed (unless the
institution can document a later date).
The responsibility to repay unearned Title
IV funds is shared by the college and the student. The college’s share is the
lesser of: the total amount of unearned Title IV funds; or Institutional charges
incurred for the billing period multiplied by the percentage of aid that was
unearned:
1. Stafford, PLUS and Perkins loans, Pell Grant
and SEOG
2. A student is not eligible for a Title IV
refund if he or she receives an "incomplete" status for coursework
that can be, and is expected to be completed within a reasonable time- frame
after the end of the billing period. Please refer to the college catalog for
"incomplete" coursework deadlines.
3. Total disbursed federal financial aid includes
aid that was disbursed and aid that could have been disbursed as of the
student’s withdrawal date.
The student’s share is the difference between
the unearned Title IV funds and the college’s share. The college’s share is
allocated among the Title IV programs in the following order of return:
Federal Unsubsidized Stafford Loan
Federal Subsidized Stafford Loan
Federal PERKINS Loan
Federal PLUS Loan
Federal Pell Grant
Federal SEOG
Other Title IV assistance for which a return of
funds is required
Non-Payment of Fees Penalty
Students will not be registered for courses in a
new semester if their accounts for previous attendance have not been settled.
Diplomas, transcripts, and certifications of withdrawals in good standing are
issued only when a satisfactory settlement of all financial obligations has been
made in the Treasurer's Office. Final grades may also be held in some cases.
Unpaid student accounts will be charged interest at the rate of 1% per month on
the month-end balance until accounts are paid in full. Should legal collection
become necessary, all costs of collection will be added to the balance due.
Financial Aid
Lycoming College is committed to helping students
and families meet college costs. While some assistance is available to students
regardless of need (merit scholarships), the primary purpose of the College’s
financial aid program is to help qualified students of limited financial
resources attend Lycoming College. Scholarships may be awarded on the basis of
merit and/or need, while grants are provided solely on the basis of financial
need. Long-term educational loans with favorable interest rates and repayment
terms are available, as are part-time employment opportunities.
It is important to submit financial aid
applications after January 1st, as appropriate income information becomes
available, but by April 15. Although applications may be filed later, applicants
can only receive consideration for remaining available funds.
To be considered for financial aid, students and
families must complete the following steps for each year the student seeks
assistance:
1. Fully complete and submit the Lycoming
Financial Aid Application (LFAA). Return the completed application to the Financial Aid Office.
2. The College may request signed and dated
copies of student and parent(s) Federal income tax returns (1040, 1040A, 1040EZ,
1040PC, TeleFile), including W-2 forms, be sent to the Financial Aid Office. The
tax returns required are for the year preceding the academic year in which the
student seeks assistance.
3. Fully complete and submit the Free Application
For Federal Student Aid (FAFSA). Returning students should submit the Renewal
FAFSA.
4. PA residents can apply for state grant
assistance using the FAFSA as well. Non- PA residents should contact the State
Grant Agency in their home state to see if additional forms must be filed.
Basic eligibility requirements for all federal
programs are listed on the FAFSA application. Students are responsible for
understanding the basic eligibility requirements.
Enrollment Status for Financial Aid Eligibility
Financial aid eligibility is substantially
reduced for students who are charged less than full-time tuition. Credit is
earned for some courses which are offered at no charge, including choir, band,
theatre practica and all scholar seminars. Therefore, these credits would not be
counted in the full-time tuition calculation. For financial aid purposes, a
full-time student is enrolled in 12-16 billable semester hours.
Financial Aid Satisfactory Progress Policy
To remain eligible for federal, state, and
institutional financial aid, all students must maintain financial aid
satisfactory progress as defined below. The financial aid satisfactory progress
policy is separate and distinct from the College’s academic progress policy.
Students retain eligibility for financial
aid for ten (10) semesters of full-time study. However, it is the College’s
practice to limit institutional grants/scholarships to eight (8) semesters of
full-time study. Should students attend beyond eight semesters of full-time
study, they may still be eligible for federal and/or state aid for the 9th or
10th semester.
In some instances a student may appeal academic
suspension and be permitted to continue enrollment even though the student has
fallen behind in credit hours or cumulative GPA (see Academic Levels and
Academic Standing sections on page 27). A student who is granted an academic
appeal may continue to receive financial assistance only if the student meets
the minimum qualitative (GPA) and quantitative (credits completed) requirements
listed below.
| End of Sem. |
Min. Cum.
GPA
|
Min. Cr. Comp.
|
|
1 |
1.50 |
10 |
| 2 |
1.60 |
20 |
|
3 |
1.70 |
34 |
|
4 |
2.00 |
48 |
|
5 |
2.00 |
61 |
|
6 |
2.00 |
74 |
|
7 |
2.00 |
88 |
|
8 |
2.00 |
102 |
|
9 |
2.00 |
115 |
| 10 |
2.00 |
128 |
Students who fail to successfully complete the
minimum number of credits and/or who fail to meet the minimum cumulative GPA
requirement will be placed on financial aid probation. This allows one
additional semester of course work to bring the academic record up to minimum
standards. Failure to meet the stated minimum after the probation period will
result in a suspension of all (federal, state, and institutional) financial aid
until the standards are met.
Financial aid satisfactory progress is measured
annually and cumulatively by the Office of Financial Aid. Official notification
of probation or suspension is made by the Office of Financial Aid. Students
wishing to appeal his or her suspension of aid, and who have legitimate reason
for doing so (e.g. illness), must put their request in writing to the Director
of Financial Aid at least four weeks prior to the start of the semester for
which the exception is sought. Students placed on Financial Aid Probation for a
period of two (2) consecutive semesters, and who have therefore been granted an
appeal after the first probation semester, are prohibited from future appeals.
If the student fails to attain the minimum standards after the second semester
of probation, eligibility for financial assistance will be cancelled
automatically.
Acceptance of an appeal is only valid for
determining eligibility for financial assistance and has absolutely no bearing
on any determination made by the Registrar and/or the Committee on Academic
Standards.
College Scholarships & Grants
NOTE: Lycoming Scholarships
and Grants are awarded to eligible students who are full-time and
degree-seeking. Students already possessing a bachelor’s degree are ineligible
for scholarships, grants and institutional loans.
Lycoming Grants may be
awarded to students to help meet their documented financial need. Renewal
requires continued financial need as determined by Federal Methodology and/ or
the financial aid director. Students should expect the Grant award to remain
constant for each semester they are enrolled.
Ministerial Grants are
awarded to dependent children of United Methodist ministers and ordained
ministers of other denominations.
This grant amounts to 33% of tuition for children
of United Methodist ministers in the Central Pennsylvania Conference and 25% of
tuition for all others. Students meeting the criteria for this grant and any
other Lycoming Scholarship(s) will be awarded the scholarship(s)/grant that
provides the highest dollar amount; both will not be awarded.
Pre-Ministerial Student Grants
of up to 25% tuition are awarded to students preparing for the Christian
ministry. Students must complete a pre-ministerial grant application available
through the financial aid office. Students meeting the criteria for this grant
and any other Lycoming Scholarship(s) will be awarded the scholarship(s)/grant
that provides the highest dollar amount; both will not be awarded.
Federal Grants
Pell Grants are made
available by the federal government. Eligibility is based upon a federal
formula.
Supplemental Educational Opportunity Grants may
be awarded to students with exceptional financial need. Priority must be given
to Pell Grant recipients. Funds are provided by the federal government. Funds
are limited.
State Grants
Pennsylvania Higher Education Assistance Agency (PHEAA)
Grants are available for PA
residents meeting domicile and financial requirements of the program.
Eligibility is determined by PHEAA. These grants are available for a maximum of
8 semesters. Non-PA residents should contact the State Grant Agency in their
home state for availability of funds to students attending out-of-state
colleges.
Loan Programs
Federal Subsidized Stafford/Keystone Loan
allows eligible Freshmen to borrow a maximum of $2,625 annually. Eligible
Sophomores may borrow up to a maximum of $3,500 annually. Eligible juniors and
seniors may borrow up to a maximum of $5,500 annually. The federal government
pays the interest while the student is enrolled on at least a half-time basis.
The student begins to repay the loan (interest and principal) 6 months after
leaving school. The interest rate for new borrowers is variable based on the
91-DAY T-BILL plus 3.1%, capped at 8.25%. The rate is adjusted every July 1.
Loan amounts are prorated for less than full-time students. Eligibility is based
on financial need.
Federal Unsubsidized Stafford/Keystone Loan
provides an opportunity for students to borrow under the Stafford Program who do
not qualify for the maximum amount of subsidized Stafford loan. Maximum grade
level amount minus subsidized eligibility equals unsubsidized eligibility.
Interest must be paid by the borrower on a quarterly basis while enrolled (check
with your lender to see if interest payments may be deferred). Other aspects of
the loan are similar to those under the Subsidized program. Independent students
may be eligible for higher loan limits; contact the Financial Aid Office for
more information.
Federal Perkins Loan
(formerly the National Direct Student Loan) may be offered to students with
exceptional need. Borrowers must repay the loan, plus 5% per annum simple
interest on the unpaid balance, over a period beginning nine months after the
date on which the borrower ceases to be enrolled at least half-time. Funds are
limited.
PLUS Loan is a loan parents
may take out on behalf of their dependent student. The amount a parent may
borrow for one year is equal to the cost of education for one year minus any
financial aid the student is eligible for in that year. The interest rate is
variable but is capped at 9%. The interest rate is determined every July 1 and
is equal to the bond equivalent rate of 52-week T-Bill plus 3.1%. An application
is available at your bank or other lending institution.
Employment Opportunities
Federal College Work-Study Program Awards provide
work opportunities on campus for qualified students. Students receive pay-checks
for work performed in the previous pay period. Based on documented need and
awarded by the Financial Aid Office. Funding is limited. The student assumes
full responsibility in locating a job. Returning students who wish to work the
following year must have their name submitted to the Financial Aid Office by
their supervisor before the end of the Spring semester.
Students also have the opportunity to seek
work-study employment off-campus in the Community Service program. Interested
students can get additional information in the Financial Aid Office.
Lycoming Campus Employment Program
is similar to Federal Work-Study except that students are paid with
institutional funds only and is not based on financial need. A limited number of
jobs are available. Funding is limited.
Other Job Opportunities are
frequently available with local business firms or persons. Contact the Career
Development Office of the College for information on these opportunities.
Other Aid Sources
Veterans and Dependents Benefits
are available for qualified veterans and children of deceased or disabled
veterans. Contact the Veteran’s Officer in the Registrar’s Office.
Reserved Officers Training Corps (ROTC) Stipends
and Scholarships are available for qualified students. Contact the Financial Aid
Office for more information.
Tuition Exchange Grants may
be available. Lycoming College is a member of the Tuition Exchange Program. This
program is for dependent students of employees at participating institutions of
higher education. Students should contact the Tuition Exchange officer at their
sponsor institution for information regarding this sponsorship. Students are
expected to apply for all federal and state grants. If the student receives a
federal or state grant, those amounts may be applied toward room and board
charges if the student resides in the dorms. If the student commutes, the grant
amount is equal to tuition less federal and state grants.
United Methodist Scholarships
may be available to full-time degree-seeking applicants who have a cumulative
GPA of 3.00 or better, are active in Christian activities, and who are active,
full members of a United Methodist church. Demonstrated financial need is also
required. Normally, seven $500 scholarships are awarded each year. Annual
application is required. Recipients are selected by the Director of Financial
Aid and will be awarded to the neediest students. The funds are provided by the
United Methodist Church. Applications are available in the Financial Aid Office.
Renewal requires a cumulative GPA of at least 3.00.
United Methodist Student Loans
are available on a very limited basis to students who are members of the United
Methodist Church. The maximum amount which may be borrowed for an academic year
is $2,500 subject to the availability of the funds. Contact The Board of Higher
Education and Ministry, P.O. Box 871, Nashville, TN 37202 for more information.
Non-college Aid Opportunities
are often available through family employers or labor unions, business firms,
fraternal and religious organizations, and secondary schools. Your parents
should contact their employer or organizations of which they are members for
information on financial aid resources.
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