Frequently Asked Questions For Parents
Where can I get help completing the FAFSA?
The Pennsylvania Higher Education Assistance Agency (PHEAA), in conjunction with PASFAA (Pennsylvania Association of Student Financial Aid Administrators), hosts FAFSA Completion Help Events from January through April. These events are free and open to the public. Check the PHEAA website at PHEAA.org
after the new year for dates and locations.
Given our family's finances, should we even consider a private college?
Lebanon Valley College, as well as other schools have generous aid programs that help students and parents afford a private education. More than just price, the choice of school is a choice of what programs best suits the needs of the student.
Isn't our income too high to qualify?
LVC provides financial packages to students with various economic backgrounds. Because there are many factors that figure into the financial aid equation, all families are encouraged to apply for financial aid.
How do you determine whether a family qualifies for financial aid?
As a result of completing the FAFSA, your student will receive a Student Aid Report (SAR) that will list an Expected Family Contribution (EFC). Your EFC is then subtracted from the cost of attendance to determine your student's financial need. The EFC is derived from a variety of factors including income, assets, number of students attending college, and extenuating circumstances affecting your family's financial resources.
Does divorce or separation affect the filing process?
In the case that you and your spouse are divorced or separated, the custodial parent is the parent that submits the FAFSA. If the custodial parent is remarried, the FAFSA then contains information about the custodial parent and the step-parent.
What is a financial award package?
A financial award package is a listing of all financial aid for which your student is eligible. It may consist of any combination of the following four items:
When the amount of financial need is calculated for financial aid purposes, the additional costs such as books and travel expenses are added into the calculation.
How much does it cost to attend LVC?
For the 2015-2016 academic year, resident students can expect to pay $49,540 for tuition, fees, room and board. Commuter students will pay $38,920 for tuition and fees.
What can we do if we don't qualify for aid, or if we need more help in meeting LVC's costs?
There are many alternative loans available for parents and students. See the Financing Options section for more information.
If I'm applying for a 2015-2016 Parent PLUS Loan, what should I indicate as the loan period on the online PLUS Loan application?
You should indicate August 2015 to May 2016 as the PLUS loan period. For more information regarding the PLUS Loan, visit http://www.lvc.edu/financial-aid/parent-faq.aspx.