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.

     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 $698 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 $639 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.

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.

     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.

     Students wishing to withdraw from the College during the semester should meet with the Assistant Dean for Freshmen or the Assistant Dean for Sophomores to ensure that student financial and academic records are properly closed. The effective date of calculating refunds shall be: the date that the student begins the withdrawal process or provides official notification to the institution of his or her intent to withdraw; the midpoint of enrollment if the student drops out without notification to the institution; or the date, as determined by the institution, that the student withdraws 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

 
           Please note that there is no refund after the sixth week of the semester. For Freshmen, the refund period will be extended into the week that early assessment grades are distributed to students and parents.
     Comparative schedules apply to the May and Summer terms.
     The calculated refund will be reduced by any 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 the account is paid in full. Should legal collection become necessary, all costs of collection will be added to the balance due.
    Lycoming College’s institutional refund policy is distinct and different from the Federal Return of Title IV Funds policy. The adjustment of institutional financial aid will follow the Withdrawal Refund Policy stated above. The College is required to perform a Return of Title IV Funds calculation for all federal financial aid recipients who withdraw (officially or unofficially) from all classes on or before the 60% attendance point of the semester. Students who are subject to the return of any Title IV funds may result in a balance due to the College, Federal Government or both. See Federal Return of Title IV Funds Policy for further explanation on the return of federal funds.
     Students who withdraw from an individual course (s) after the add/drop period will not receive any adjustment to tuition and fees.

The 1998 Reauthorization of the Higher Education Act requires the college to calculate a Return of Title IV Funds on all federal financial aid recipients who withdraw (officially or unofficially) from all classes on or before the 60% attendance point of the semester. A prorata schedule is used to determine the percentage of the semester the student attended based on the withdrawal date/last date of attendance.
     The student’s withdrawal date is 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 intent to withdraw, the mid-point of the payment period of enrollment for which the Title IV assistance was disbursed (unless the institution can document a later date).
   The percentage of the semester the student attended is calculated as follows:

     The number of days counted includes all calendar days in the semester including weekends and holidays, but excludes college breaks of five or more days.
     The percentage of the semester the student attended is used to calculate the amount of the student’s earned versus unearned federal aid funds. The unearned portion of federal aid funds must be returned to the appropriate aid program in accordance with the Order of Return as mandated by law. The Order of Return is: Federal Unsubsidized Loan, Federal Subsidized Loan, Perkins Loan, Federal PLUS Loan, Federal Pell Grant, Federal SEOG Grant, Other Title IV Aid.
     The college is responsible for returning the lesser of Unearned Title IV Aid or Unearned Institutional Charges. Unearned Institutional Charges are based on the determined percentage of the semester the student did not attend. The College is responsible for its return of funds first, followed by the student’s return of funds.
   The student is responsible for returning:

     The College must return its portion of Unearned Title IV aid (loan and grant) to the appropriate federal program within 30 days from the student’s withdrawal date as determined by the Office of Financial Aid. If the amount the student returns includes a federal loan, the student is responsible for repayment of the loan in accordance with the terms of the loan program. If the amount the student returns includes grant aid, the student must repay 50% of the grant money received, rather than 100%.
     The student must return unearned grant aid to the college within 45 days from the date of notification. Failure by the student to return or make arrangements to return unearned grant aid to the College within 45 days will result in the student being reported to the U.S. Department of Education (USDOE). The student will be considered in an Overpayment Status, and will not be eligible for additional aid at any post-secondary institution participating in Title IV Aid programs. Students who are reported to USDOE in an Overpayment Status should contact the USDOE to make payment arrangements to repay the necessary grant funds.
     Examples of Federal Title IV Return of Funds calculation are available in the Office of Financial Aid. Students who stop attending Lycoming College may not receive further financial aid disbursements, may lose some or all of the aid that has already been disbursed to their account, may be responsible for repayment of unpaid charges, and may be considered in Overpayment status with USDOE.
     Students who wish to rescind their official withdrawal submitted to the college must do so within one week of the original withdrawal and notification must be provided in writing to the Office of Financial Aid.
     Students who stop attending all classes without officially withdrawing from the college will be subject to a Return of Funds calculation at the end of the semester, based on their last date of attendance as determined by the Office of Financial Aid.
     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 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.

      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 March 1. 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 Office of Financial Aid.
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 Office of Financial Aid. 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 available from the Department of Education at www.studentaid.ed.gov . Students are responsible for understanding the basic eligibility requirements.

      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 30). 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.

 Treatment of W, I, X, F, P & F Grades and Repeated   Coursework

     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 who have been placed on Suspension cannot skip a semester and regain eligibility. No financial aid will be disbursed during subsequent semesters for students on Suspension. If the student fails to attain the minimum standards after the second semester of probation, eligibility for financial assistance will be cancelled automatically.

     Appeals of Financial Aid Suspension must be made in writing to the Director of Financial Aid by the date specified in the Suspension notification letter. The Financial Aid Appeals Committee will review the appeal and notify the student in writing within 5 working days of their decision. All decisions made by the Financial Aid Appeals Committee are final and not subject to further review.
     The appeal letter must address the extenuating circumstance(s) why satisfactory academic progress was not made, why the extenuating circumstance(s) has changed, as well as an outlined plan for future academic success. Extenuating circumstances can include, but are not limited to, illness or injury; death of a family member; family difficulties; interpersonal problems with friends, roommate, significant others; difficulty balancing work, athletics, family responsibility; or financial difficulties.
     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.

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.

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.

Federal Grants
Pell Grants are made available by the federal government. Eligibility is based upon a federal formula.

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. Eligibility is based on financial need.

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.

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.