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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.