Alert

DECEMBER 4

COVID-19 Information

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Institutional Merit-based Scholarships Only

The FAFSA process is not required for students who wish to be considered exclusively for an institutional merit scholarship. These families must notify the Financial Aid Office that they do not plan to file the FAFSA.


Need-based Aid

The FAFSA is required for all students who wish to be considered for federal, state, and institutional grants, student and parent loans, and work-study. All students are encouraged to explore opportunities for other outside scholarships.

Institutional aid will be electronically credited to the student's account in the Business Office, provided that all requirements have been met, at the time the first bill of each semester is mailed. The 2020-2021 disbursement dates for federal and state grants and loans are:

  • Summer - May 6 or July 1, 2020, depending on when the student is enrolled during the summer
  • Fall semester - August 18, 2020
  • Spring semester - January 20, 2021

All students receiving any federal, state, or institutional scholarships, grants, loans, and/ or work-study must maintain Satisfactory Academic Progress.

 

Grants and Scholarships

Pell Grant (for full- and part-time undergraduates) 

  • Need-based grant from the federal government.
  • Amount awarded between $639 and $6,395 for 2020-21 depending on your Expected Family Contribution (EFC) as determined by the FAFSA and enrollment per semester.

SEOG Grant - Supplemental Educational Opportunity Grant

  • Need-based grant from the federal government.
  • Amount awarded between $100 and $4,000 depending on your EFC as determined by the FAFSA and availability of funds.
  • This grant is awarded to students demonstrating the greatest financial need. Due to the limited allocation that LVC receives from the federal government, not all students who demonstrate maximum financial need will qualify.
  • This grant helps to supplement the LVC Need-Based Grant program and is not awarded as an additional aid. If in a subsequent year, you are no longer eligible for SEOG, you will be awarded LVC Need-Based Grant in the equivalent amount.

Pennsylvania State Grant (for full- and part-time undergraduate Pennsylvania residents)

  • Need-based grant administered by Pennsylvania Higher Education Assistance Agency (PHEAA).
  • Maximum award for 2020-21 for full-time enrollment - $4,524, regardless of online or in-person classes. 
  • The FAFSA is the application and must be submitted by May 1 prior to the academic year the student will enroll.


State Grants - DE, District of Columbia, MA, OH, VT, WV (for full-time undergraduates)

  • Need-based awards
  • Amounts vary
  • If you live in one of the states listed above, contact the higher education agency in your state for more information.


Lebanon Valley College Need-Based Grant (for full-time undergraduates)

  • Need-based award
  • Your FAFSA serves as the application for an LVC Grant; there is no separate application. Eligibility and amount of award will be determined by the institution based on the merit scholarship awarded by LVC, other federal and state grants received, and your financial need. Notification of the award will be made via the financial aid offer. Eligibility requires continued unmet financial need, as demonstrated using federal methodology on an annual basis.


TEACH Grant

Reduction Due to Sequestration

Any new TEACH Grants first disbursed after October 1, 2013, are subject to a further reduction due to Sequestration (federal budget cuts). A student who is eligible to receive the full TEACH Grant for 2020-2021 with a first disbursement prior to October 1, 2020, will receive $3,764.

The Teacher Education Assistance for College and Higher Education Grant Program provides grants to students enrolled in a baccalaureate degree program who intend to teach in a public or private elementary or secondary school that serves students from low-income families.

  • In exchange for receiving a TEACH Grant, you must agree to serve as a full-time teacher in a high-need field in a public or private elementary or secondary school that serves low-income students. As a recipient of a TEACH Grant, you must teach for at least four academic years within eight calendar years of completing the program of study for which you received a TEACH Grant. IMPORTANT: If you fail to complete this service obligation, all amounts of TEACH Grants that you received will be converted to a Federal Direct Subsidized/Unsubsidized Loan. You must repay this loan to the U.S. Department of Education (ED). You will be charged interest from the date the grant was disbursed.
  • If you are an incoming student, you must have a high school cumulative grade point average or the equivalent of 3.25 or higher. If you are a current student, you must have a college cumulative grade point average of 3.25 after each semester you received the grant to continue eligibility.
  • For more information about the TEACH Grant, please review ED's TEACH Grant Fact Sheet and the Federal Student Aid website.
  • Eligible students are required to complete initial entrance counseling for the first year and subsequent counseling for each year thereafter. In addition, students must complete an Agreement to Serve or Repay each year. LVC will be notified electronically.
  • Recipients who graduate or become ineligible must complete TEACH Grant Exit Counseling.

If you are interested in receiving the TEACH Grant at LVC, please contact Kendra Feigert, director of financial aid, at 717-867-6126 or feigert@lvc.edu to determine your eligibility and complete the necessary paperwork. 


Office of Vocational Rehabilitation (OVR) Grant – Pennsylvania (and other states)

This state agency provides a variety of services for individuals with physical disabilities, mental/nervous/emotional disorders, drug and alcohol rehabilitation, learning disabilities, and other conditions. Potential OVR clients undergo diagnostic testing to determine eligibility for services. This diagnostic process takes time and should occur well in advance of a student’s enrollment date. Services may include financial support for higher education. Students must complete the FAFSA. Awards are based on a formula that considers the cost of attendance, the Expected Family Contribution, the Pell Grant, and the PA State Grant. If you feel you may qualify for these services, please contact the Pennsylvania OVR District Office that serves your county.

 Similar services may be available to students residing in other states.


Pennsylvania Chafee Education and Training Grant Program

This federally-funded program offers grants to Pennsylvania undergraduate students aging out of foster care who are attending an eligible postsecondary institution.

PHEAA administers the Pennsylvania Chafee Education and Training Grant (Chafee) Program on behalf of the Pennsylvania Department of Human Services as authorized under the Foster Care Independence Act of 1999 and amended by the Promoting Safe and Stable Families Amendments of 2001.

Visit PHEAA's website for additional information and to apply.

 

Fostering Independence Tuition Waiver (FosterEd)

The FosterEd program provides a waiver of tuition and mandatory fees charged by Lebanon Valley College for youth who are or were in foster care. This program is funded by Lebanon Valley College and administered by the Pennsylvania Higher Education Assistance Agency (PHEAA).

The point of contact at LVC for this program is Gina Messenger, financial aid systems administrator, messenge@lvc.edu, or 717-867-6125. 

To be considered for a Fostering Independence Tuition Waiver, you must:

  • Be a Pennsylvania resident
  • Have not reached the age of 26 by July 1 of the upcoming academic year for which the FosterEd waiver is received
  • Have received a high school diploma or received a Commonwealth Secondary School Diploma
  • Be eligible for services under Pennsylvania's John H. Chafee Foster Care Program for Successful Transition to Adulthood. You still qualify for the waiver even if you do not receive funding through the Chafee program.
  • Be identified as a youth who is or was in foster care, or was discharged from foster care on or after attaining age 16, OR has exited foster care on or after age 16 to adoption or permanent legal guardianship
  • Be enrolled as an undergraduate, at least half time in a postsecondary institution that is approved by the U.S. Department of Education for Title IV student assistance programs
  • Demonstrate financial need for the PA Chafee Education and Training Grant (as determined by the postsecondary institution)
  • Maintain satisfactory academic progress for federal and institutional financial aid
  • Not be in default on a federal student loan or owe a refund on other Federal Student Aid
  • Have not received the FosterEd waiver for 5 years (consecutive or not), defined as 10 semesters or the equivalent for undergraduate study
  • File a 2020-21 FAFSA® (Free Application for Federal Student Aid)

Students who intend to transfer to a different institution during the 2020-21 Academic Year should notify PHEAA via email to FosterEd@pheaa.org or by calling 1-800-692-7392.

To receive the waiver, you must:

  1. File the FAFSA
  2. Enroll at Lebanon Valley College
  3. You must apply for and be eligible for the Chafee Education and Training Grant (Chafee ETG).
  4. Mail or fax your completed Chafee ETG application by May 1, 2021, to:

PHEAA State Grant and Special Programs
P.O. Box 8157
Harrisburg, PA 17105-8157

Fax: (717) 720-3786

Students who wish to appeal their eligibility determination can do so by emailing FosterEd@pheaa.org.

 

Visit PHEAA's website for additional information.

 

Military Family Education Program (MFEP)  

Together with the Pennsylvania Department of Military and Veterans Affairs, the Pennsylvania Higher Education Assistance Agency (PHEAA) administers this tuition assistance program for dependents (spouses and children) of PA Guard Members who enter into an additional 6-year service commitment with the PA National Guard. 

To be considered for the MFEP, you must be:

A Guard Member:

  • Someone who completed an initial service obligation, on or after July 1, 2019, in the Pennsylvania National Guard and be eligible to reenlist in the Pennsylvania National Guard for a period of 6 years

A Family Member:

  • Someone who is a spouse or child of a Pennsylvania National Guard member who meets the above criteria and has assigned the benefit to the family member
  • Someone who is enrolled in a degree or certificate-granting program of study at an approved Pennsylvania institution

To apply:

  • The MFEP will be accepting member enrollment in fall of 2019 for family members to use the benefit during the 2020-21 Academic Year. If you are a spouse or child of a PA National Guard member that has re-enlisted in an additional 6-year contract, please have the Service Member contact their unit for more information.
  • If you are not a Service Member of the Pennsylvania National Guard and want more information, go to the Pennsylvania National Guard website.

Visit PHEAA's website for additional information. 

Scholarships

Scholarships are awarded by the College through the admission process. Additional scholarships are available from outside sources. Please visit the Scholarships page for the complete list. 

 

Loans

 

lvc financial aid infographic

Please note that all loans must be repaid. 

Federal Direct Loans (for full- and part-time undergraduate and graduate students)

  • Guaranteed student loan from the federal government.
  • Loans go into repayment after you cease to be enrolled at least half time.
  • Amount of loan depends on the cost of attendance and cumulative credits earned.

Credits

Maximum loan amount
0-27 $3,500
28-55 $4,500
56-83 $5,500
>84 $5,500
  • Loan may be subsidized or unsubsidized for undergraduate students. Graduate students are limited to an unsubsidized loan; annual maximum for graduate students is $20,500, and actual eligibility may vary depending on cost of attendance and aggregate borrowing history.

Subsidized 

  • Need-based
  • Six month grace period prior to repayment
  • Government pays the interest while you are in school; for loans first disbursed after July 1, 2014, interest is also subsidized during the six-month grace period.  
  • Fixed interest rate of 2.75% for undergraduate students.
  • 1.066% origination (upfront) fee 

Unsubsidized

  • Non-need-based
  • Six-month grace period prior to repayment
  • You are responsible for interest payments while you are in school.
  • Fixed interest rate of 2.75% for undergraduates; 4.30% for graduate students.
  • 1.062% origination (upfront) fee
  • All eligible undergraduate students, regardless of need, may borrow $2,000 in Federal Direct Subsidized/Unsubsidized Loan in addition to the amounts listed above.
  • Please visit the Federal Student Aid website for additional information.


Federal Direct PLUS Loan (parent loan for full-time, dependent undergraduates)

  • Credit-worthy loan from the federal government.
  • Fixed interest rate of 5.30%.
  • 4.248% origination (upfront) fee
  • Loan goes into repayment 60 days after final disbursement.
  • Parent is eligible to borrow up to cost of attendance minus other financial aid.
  • Please visit the Federal Student Aid website for additional information.


Federal Direct Graduate PLUS Loan (student loan for full-time, graduate students)

  • Credit-worthy loan from the federal government.
  • Fixed interest rate of 5.30%.
  • 4.248% origination (upfront) fee
  • Loan goes into repayment after student ceases to be enrolled at least half time.
  • Student is eligible to borrow up to cost of attendance minus other financial aid.
  • Please visit the Federal Student Aid website for additional information.

 

Student Alternative Loans

 

Understanding Gap Financing Options

Use this comparative chart to learn more about the loan options available to students and parents after financial aid–scholarships, grants, and federal student loans are deducted. The chart compares the Federal parent PLUS Loan, alternative/private student loans, and private parent loans.

 

Other

Federal Work-Study (for full-time students, both undergraduate and graduate)

  • Need-based award
  • Earnings are paid to the student directly, not as a credit to the student's account.
  • Please visit Student Employment for additional information regarding on-campus employment at Lebanon Valley College.
  • Visit the U.S. Department of Education website for additional information regarding the Federal Work-Study Program.