Determining Your Costs

Your award letter outlines your financial aid eligibility and provides you with the out-of pocket-cost for the academic year.

In addition to billable charges, other ESTIMATED expenses are included in a student's total cost of attendance for the 2015-2016 year. Below are each of LVC's student budgets based on your housing status:

Resident Students (traditional housing)

  FALL SPRING TOTAL
Tuition 18,965    18,965 37,930
Fees 550 550

1,100 

Room

2,540  

2,540    5,080
Board 2,715 2,715 5,430
Books 550 550 1,100
Transportation 450 450 900
Personal 700 700 1,400
Average Stafford Loan Fees   
41
41 82
  26,511 26,511 53,022

Commuter Students (living with parents or other relative)

  FALL SPRING TOTAL
Tuition 18,965 18,965 37,930
Fees 495 495 990
Room 900 900 1,800
Board 700             700 1,400
Books 550 550 1,100
Transportation 750 750 1,500
Personal 700 700 1,400
Average Stafford Loan Fees 41 41 82
  23,101 23,101 46,202

Off-Campus Students
(independent students or those given special exemption only)

  FALL SPRING TOTAL
Tuition 18,965 18,965 37,930
Fees 495 495 990
Room 1,750 1,750 3,500
Board 1,800 1,800 3,600
Books 550 550 1,100
Transportation 550 550 1,100
Personal 700 700
1,400
Average Stafford Loan Fees 41 41 82
  24,851 24,851 49,702

Books and supplies, transportation, personal expenses, and average loan fees* will not appear on the bill, but these estimates will be included in the total cost of attendance in determining your financial aid eligibility. Actual amounts of these expenses will depend on the course work you take, your personal spending habits and the distance between LVC and your home.

Books and supplies purchased at the College Store can be charged to the student account and with completion of the Title IV Federal Student Aid Authorization form, financial aid can be used to cover these costs. 

*Loan Fees - This is an average amount of the 1.072% origination (up front) fee charged to students who borrow the Federal Direct Stafford Loan. It is deducted at the time of disbursement. An average fee is included in the cost of attendance to allow the borrower to receive/ borrow other sources of aid to help offset this cost.

While you will be billed for each of the two semesters separately (July and November respectively), we advise that your plan for your entire academic year expenses at one time.


Billing Information

  Fall Semester Spring Semester
Bills mailed by: July 3, 2014 November 26, 2014
Bills due: August 4, 2014 January 5, 2015

When considering financing options, you may choose the monthly payment plan, a loan or a combination of both.