Frequently Asked Questions For Students
What is LVC's Title IV code for the FAFSA?
What is LVC's recommended filing date for applying for aid?
The priority deadline is for new students is February 15th and for returning students is March 1st. All Pennsylvania state grant applicants must file their FAFSA by May 1st.
Does LVC require the CSS Profile?
No, we do not. We simply require the FAFSA. Other institutions may require the Profile. Be sure to check with them.
My parents do not think we are eligible for aid. Should we skip filling out the FAFSA?
No. Many students qualify for aid, even if they do not think they will. All students are eligible for Federal Stafford Loan regardless of need.
How do I know what my Expected Family Contribution (EFC) is?
When you receive your Student Aid Report (SAR) after filing the FAFSA, the EFC is located on the upper right-hand corner of the report.
How do I apply for State Grant?
The FAFSA serves as your application for Pennsylvania and most state grants.
Do I have to be accepted to LVC before I apply for aid?
No, you can apply for financial aid before being accepted. However, you will not receive a financial aid package until you have been accepted.
If I want to transfer to LVC, what do I have to do to get Financial Aid?
When you complete the FAFSA, mark LVC as a choice in Step Six.
Does LVC have academic scholarships without regard to financial need?
Yes, our merit scholarships are based on high school achievement and are awarded without regard to financial need.
Where can I find information on outside scholarships?
The guidance center at your high school is a great source for outside scholarship information. You may also find scholarships in your community as well as on the web.
If my FAFSA is selected for verification, what must I do next?
Students whose FAFSA forms are selected by the federal government to undergo an additional process called verification will be further asked to complete and return a verification worksheet, W-2 forms, and if the family did not elect to use the IRS Data Retrieval tool while completing the FAFSA, they will need to provide the Financial Aid Office with copies of an IRS-issued tax return transcript.
What do I do after I receive my financial award package?
Compare the package from LVC with the packages from other colleges to which you have applied. If you choose to attend LVC, return the signed award letter with all other accompanying documents by May 1. If you receive the package after that date, return it within two weeks of the date on the award letter.
What should I do if my family's financial circumstances change after I apply for aid?
Contact the Financial Aid Office as soon as the circumstances change. If warranted we will mail you a Change of Financial Circumstance form.
Do I have to apply for aid every year?
Yes. You will have to complete a FAFSA each year.
Do I qualify as an independent student?
The Higher Education Amendment of 1992 currently defines an independent student as a person who meets at least one of the following criteria:
- is 24 years of age or older
- is an orphan or a ward of the court
- is a veteran of the U.S. Armed Forces
- is currently serving on active duty in the U.S. Armed Forces for purposes other than training
- is a graduate or professional student
- is married, as of the date applying for financial aid
- has legal dependents other than spouse
When will I receive my financial aid package?
Provided you have submitted the required documents and you have been accepted to the college, new students will begin receiving financial aid packages in March. Returning students who have completed the application process will begin receiving financial aid packages in early July.