Table of Contents
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Instructions for Payment of Fees
(Bill Due Date; Payment Plans ;Payment of Financial Aid)
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Letter from the Director
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Lock Haven University of PA � Student Financial Services Office
Russell Hall 118 � Lock Haven, PA 17745 � Phone: (570) 484-2344
Dear Student:
Congratulations on your decision to attend Lock Haven University! I am pleased to share this information with you. I urge you to review all the information thoroughly.
Within this document, you will find the following:
Information about various financial aid awards;
Information regarding the Federal Direct Stafford Loan program;
Information regarding the Federal Direct Parent PLUS Loan program;
Information regarding Private Alternative Loan programs;
Information regarding billing, including invoice due dates, refund calculation table, and payment plan information;
Information regarding satisfactory academic progress and its affect on your financial aid in future academic years.
Please review your financial aid awards carefully. In some cases, the financial aid awards will not be finalized until additional forms are completed or funds are received by Lock Haven University.
If you have additional questions regarding financial aid or student account matters, please contact the Student Financial Services (SFS) Office at (570) 484-2344. Our highly trained SFS customer service representatives are eager to assist you.
Once again, I would like to welcome you to Lock Haven University. My staff and I look forward to working with you to make your college education a reality.
Sincerely,
Ms. Mary E. Miller
Interim Director of Student Financial Services
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Understanding Financial Aid Awards
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Federal Pell Grant Awarded on financial eligibility determined by your completed Free Application for Federal Student Aid (FAFSA). To receive payment, a student must be enrolled and maintain Satisfactory Academic Progress as defined by the University. The grant may be renewed on a yearly basis and is considered estimated until the student establishes eligibility through enrollment.
Teacher Education Assistance for College and Higher Education (TEACH) Grant is a federal grant for current and prospective teachers created by the College Cost Reduction Act of 2007. Eligible students may receive up to $4,000 per academic year. Aggregate amounts are $16,000 for students for their first undergraduate or post-baccalaureate program and $8,000 for graduate students. To be eligible for a Teach Grant at Lock Haven University, a student must complete the FAFSA and have a 3.25 cumulative GPA. In addition, the student must have been granted degree candidacy by the LHU education department and be pursuing a degree in a high needs field. Currently the following areas are considered high needs fields: Bilingual education; English Language Acquisition; Foreign Language; Mathematics; Reading Specialist; Science; Special Education; and other shortfall areas as defined by the state in which the teaching will occur. Once it has been determined that a student meets all criteria for eligibility, s/he must complete an initial counseling session as well as an “agreement to serve/promise to pay”. By signing this agreement the student acknowledges an understanding of the terms of the grant and the terms of the teaching service requirements. Upon graduation, the student must teach full-time for at least four years within eight years of completing his or her program as a highly qualified teacher at a Title I school in a high needs field. If these conditions are not met, the grant must be repaid as an unsubsidized Direct Stafford Loan, with interest calculated from the date(s) of original disbursement. For more information about the TEACH Grant, please visit http://studentaid.ed.gov/PORTALSWebApp/students/english/TEACH.jsp. Please Note: Interested students should carefully review the eligibility requirements of this grant and consider how likely they are to meet them.
Pennsylvania State Grant
Awarded to the residents of the Commonwealth of Pennsylvania by the Pennsylvania Higher Education Assistance Agency (PHEAA). If an estimated state grant appears on your Award Letter, the estimated amount is based on current information available to the University. The actual amount of the state grant is determined when the student and the University receive official notification from PHEAA. Please Note: Students who are recipients of the Pennsylvania State Grant and have been selected for Validation will not receive funds until the necessary paperwork is completed with the Pennsylvania Higher Education Assistance Agency.
Pennsylvania State GEAR UP Scholarship is a federally funded program that supports college readiness through early intervention activities in middle and high schools, and offers a scholarship for postsecondary education. To be eligible for the Gear Up scholarship, students would have participated in the program by attending one of the following high schools in the Harrisburg and Philadelphia areas: Harrisburg High School (includes William Penn, CTA and Sci-Tech) in the Harrisburg School District; and Martin Luther King, John Bartram Main, Strawberry Mansion or Young Women's Leadership School at Rhodes High School in the School District of Philadelphia. Other eligibility criteria can be found at http://www.pheaa.org/funding-opportunities/other-educational-aid/gear-up.shtml. To determine eligibility for the Gear Up scholarship, a student must file a FAFSA for the academic year s/he plans to attend college and submit a GEAR UP Scholarship Application to PHEAA. The application is available online at: http://www.pheaa.org/funding-opportunities/other-educational-aid/pdf/gear-up/GEAR_UP_Application.pdf. The Gear Up scholarship award is typically equal to the student's Pell Grant award.
Other State Grants Include grants from CT, DE, MA, ME, OH, RI, VT, WV, and the District of Columbia. Students must contact the appropriate state grant agency for more information.
Federal Supplemental Educational Opportunity Grant (SEOG) Provided by the federal government for distribution by Lock Haven University. The Student Financial Services Office automatically considers every Pell-eligible student for SEOG and will award it to those with the greatest demonstrated financial need. The grant does not need to be repaid and may be renewed on the basis of continued eligibility (with certain exceptions). To receive payment, a student must maintain Satisfactory Academic Progress as defined by the University.
Federal Work Study (FWS) A program that allows students to partially meet educational expenses through employment on campus. The money is available on the basis of actual hours worked, and earnings are not guaranteed. Wages are generally paid at the prevailing minimum wage rate and are paid directly to the student via a bi-weekly paycheck as they are earned. The earnings will not be deducted from the student's bill. Students are responsible for finding their own jobs. For additional information about student employment procedures and current job postings, please click here . The FWS award represents the maximum amount of wages the student is permitted to earn during the academic year. Work is limited to a maximum of 20 hours per week when school is in session and 37.5 hours per week at other times. Continued employment through FWS is contingent upon the student's maintaining Satisfactory Academic Progress as defined by the University.
Federal Perkins Loan A long-term, low interest (5%) student loan. The Student Financial Services Office automatically considers every eligible student for the Federal Perkins Loan and will award it to those with demonstrated financial need. Repayment of the loan is required and begins nine (9) months after graduation or a student drops below half-time enrollment. If a Federal Perkins Loan is part of the financial aid award, completion of an entrance interview and Master Promissory Note (MPN) is required. Students who have Perkins Loan awards will receive information from Student Financial Services under separate cover when it is time to complete those items.
Federal Direct Stafford Loan A long-term, low interest student loan. The amount of this loan, in combination with other financial aid, cannot exceed the cost of attendance as determined by the University. Other aid received after the loan application is processed may result in a reduction of the loan eligibility, and a requirement that a portion of the loan be repaid immediately. Dependent students can borrow no more than $5,500 at the freshmen level, $6,500 at the sophomore level, and $7,500 at subsequent levels. The aggregate total of loans as a dependent, undergraduate may not exceed $31,000. Repayment of the loan is required and begins six (6) months after graduation or a student drops below half-time enrollment. Students must also meet the Satisfactory Academic Progress requirements as defined by the University. Please Note: Students who plan to borrow a Federal Direct Stafford Loan must complete an entrance interview and Master Promissory Note. For additional information about this loan, including Application Steps, click here .
Federal Direct Parent PLUS Loan A loan available to parents of dependent, undergraduate students. The maximum amount that may be borrowed for a given loan term is limited to the cost of attendance minus any other financial aid. Although typically no income verification is required, the borrowing parent's credit history is evaluated. For additional information about this loan, including Application Steps, click here .
Federal Direct Graduate PLUS Loan A loan available to graduate and professional students. The maximum amount that may be borrowed for a given loan term is limited to the cost of attendance minus any other financial aid. Although typically no income verification is required, the student's credit history is evaluated. For additional information about this loan, including Application Steps, click here .
Private Alternative Loans Private, non-federal student loans. We recommend that you first apply for all other forms of financial aid, including grants, scholarships, employer tuition plans, and federal students loans (e.g. Stafford and PLUS), before applying for an Private Alternative Loan. The terms and conditions of federal student loans (under the Title IV, HEA program) may be more favorable than the provisions of private, non-federal student loans. Student Private Alternative Loan borrowers are typically required to apply along with a creditworthy co-signer. Interest rates and terms of these loans vary depending on the loan program the student wishes to utilize. More information regarding Private Alternative Loan programs will be explained later.
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Important Information
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Financial Aid Definition of an Academic Year - For financial aid purposes, at Lock Haven University an academic year is defined as one in which a student completes a minimum of 30 weeks of instruction and in which an undergraduate student completes 24 semester hours. At Lock Haven University an academic year consists of two 15-week (fall and spring) semesters. Summer is a trailer to the academic year and consists of three terms: Summer Session 1; Summer Session 2; and Summer Extended.
Revisions The financial aid award made by this letter is valid to the extent that the information upon which it is based is accurate at the time of the award and remains accurate throughout the award period. Any change in student circumstances, as noted below, will void this Award Letter and require that a revision be made. Revisions may also be necessary due to changes in funds made available to the University by governmental or other sources or due to any other circumstances, including errors in the award itself, in order to prevent overawards and to maintain the integrity of the financial aid programs according to governing laws and regulations. Lock Haven University does not guarantee substitution of funds for any portion of the award which is declined by the student or reduced by government agencies. Students who withdraw and return to the University at a later date will be re-evaluated for financial aid eligibility.
Overawards - Federal and state regulations require SFS to consider all sources of financial assistance when awarding aid. Those sources include things like scholarships (LHU or private), athletic grants, tuition waivers, VA education benefits, and Private Alternative Loans. If your Financial Aid Award Letter did not include all of the assistance you are receiving, chances are SFS was not aware of all your awards when your financial aid was packaged. The addition of other aid sources may cause an overaward, which means that SFS may have to reduce one or more of your awards. For example, if SFS awarded you your maximum eligibility of $19,200 in financial aid, and then you receive a $2,000 scholarship, SFS may be required to reduce the aid awarded by $2,000 to keep you within the $19,200 limit. You can help prevent an overaward by informing SFS of all sources of financial assistance as soon as you know about them.
The Financial Aid Award Shall be Void if:
you default on Federal Perkins, Stafford, GradPLUS, or National Direct Student Loan;
you owe a repayment on any Title IV federal student aid funds received previously;
you do not report changes listed below to Student Financial Services;
you do not make Satisfactory Academic Progress;
incorrect information is revealed on the FAFSA and/or;
you intentionally make false statements or misrepresent information on any financial aid application materials. Students who do so may be subject to fines or imprisonment, or both, under provisions of the U.S. Criminal Code.
you are convicted of any offense, during a period of enrollment for which you receive Title IV, Higher Education Act (HEA) Federal Student Aid (whether grants, loans or work-study), under any federal or state law involving the possession or sale of illegal drugs. A conviction will result in the loss of eligibility for any Title IV, HEA grant, loan, or work-study assistance (HEA Sec. 484(r)(1)); (20 U.S.C. 1091(r)(1)).
Drug Convictions and Federal Student Aid - If you are convicted of any offense, during a period of enrollment for which you receive Title IV, Higher Education Act (HEA) Federal Student Aid (whether grants, loans or work-study), under any federal or state law involving the possession or sale of illegal drugs, you will lose your eligibility for any Title IV, HEA grant, loan, or work-study assistance (HEA Sec. 484(r)(1)); (20 U.S.C. 1091(r)(1)).
Payment of Financial Aid Financial aid awards (except Federal Work Study) will be credited to the student's account each semester. The student will receive a refund of the amount if the total aid credited exceeds the charges. Funds are usually disbursed during the first few weeks of each semester. Disbursement of certain funds may be delayed for students enrolled part-time. Payment of financial aid funds will not be made until all eligibility requirements have been met. Please Note: Students should plan to have cash available to meet personal expenses (including books) at the beginning of each semester.
Part-Time Enrollment Students who enroll for less than 12 credits in a semester may have their financial aid adjusted. For this reason, disbursement of certain funds may be delayed for students enrolled part-time. Such students may still be eligible for all or partial payment from certain programs. A student considering less than full-time enrollment should discuss the affect on his/her financial aid with the Student Financial Services staff.
Federal Verification A number of FAFSA applications are selected for a process called Federal Verification. This process is used to determine that the information provided on the FAFSA is accurate. In April, the Student Financial Services Office will begin requesting, from selected students, the documentation needed to complete the verification review. A student must respond to this request immediately to ensure timely processing and disbursement of his financial aid. No aid payments will be made nor will loans be processed until the Verification process is completed. If the required information or other steps in the Verification process are not completed according to the establishment schedule, all federal financial aid for the academic year will be canceled. For more information, visit www.lhup.edu/financial-services/verification.htm .
National Student Loan Data System (NSLDS) - Information regarding federal loans (e.g. Stafford, PLUS, Graduate PLUS, Perkins) will be reported to the National Student Loan Data System with the U.S. Department of Education's (ED's) central database for student aid. NSLDS receives data from schools, guaranty agencies, the Direct Loan program, and other Department of ED programs. NSLDS Student Access provides a centralized, integrated view of Title IV loans and grants so that recipients of Title IV Aid can access and inquire about their Title IV loans and/or grant data. This information is also accessible to authorized users of the NSLDS, such as guaranty agencies, eligible lenders, and eligible institutions of higher education. For more information visit www.nslds.ed.gov .
Changes in Student Circumstances The student agrees to notify the Student Financial Services Office of any changes in financial or other circumstances which could affect financial aid eligibility. This includes, but is not limited to, changes in:
a student's academic and/or enrollment status
housing status
receipt of an outside scholarship or other awards
the number of family members attending college
Satisfactory Academic Progress Satisfactory Academic Progress (SAP) is defined as sufficiently moving toward successful completion of degree requirements. The LHU Student Financial Services Office is required by federal regulation to determine whether a student is satisfactorily progressing toward degree completion. Your official LHU academic record (i.e. transcript) is reviewed to determine student compliance with the SAP policy. All LHU students are evaluated for SAP at the end of each enrollment period (i.e. after fall, spring, and summer) once grades are posted by the LHU Registrar's Office.
LHU's Federal SAP policy is available online at http://www.lhup.edu/financial-services/policies.htm. Students are responsible for knowing and meeting SAP requirements; therefore, it is important to acquaint yourself with the SAP policy before you enroll.
Please Note: Additional academic progress requirements may apply to other aid programs, such as the PA State Grant.
Tax Credits for Education Tax credits may be available for families who are seeking additional university financing options. These include the Hope Tax Credit and Lifetime Learning Tax Credit. Families may benefit from one of these programs depending on financial circumstances. For more information about educational tax credits, please contact a tax advisor or consult the web at www.irs.gov.
Taxable Income Under certain conditions, portions of grants and scholarships must be reported as taxable income. Consult a tax advisor or the IRS to determine specific requirements. The University cannot give tax advice.
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Attention Student and Parent Loan Borrowers!
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Urgent Loan Advisory Lock Haven University (LHU) processes Federal Stafford and PLUS Loans through the Direct Loan program. Under the Direct Loan program, these federal loans funds come directly from the federal government. For important information about the Direct Loan program, including how to apply for Stafford and PLUS Loans and answers to frequently-asked questions, please click here.
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Apply Early
The Student Financial Services Office will process your loan and other financial aid applications as quickly as possible. These processes, from the time of application to the disbursement of those funds, normally take at least 14 to 21 business days. During peak processing periods, the processes may take longer. Here are some things you can do to help.
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Apply early to allow sufficient time for the processing of your application. Even with today's technology, the fact is that the processing of most financial aid and loan applications takes time. Apply for parent PLUS and/or Private Alternative Loans at least 4 to 6 weeks before those funds are needed to pay educational expenses.
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Respond in a timely manner to any requests for additional information (i.e. proof of income, etc.) that you receive from SFS and/or your lender.
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Be patient. It takes time for our staff to process the large volume of applications received. Periodically checking on the status of your application is a good idea. You may call us at 570-484-2344, email us at sfs@lhup.edu, or stop by the office, 123 Russell Hall, to inquire during office hours.
BorrowSmart
As you review the information that follows about educational loans and payment plans, you may be wondering which options are best for you and your family. BorrowSmart, a debt management counseling tool developed by Tuition Management Systems, is available to help you explore options for paying educational expenses and select the best choice for you. To check out BorrowSmart, click here .
Borrower Rights/Responsibilities
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Federal Direct Stafford Loans
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The Federal Direct Stafford Loan is a long-term, low interest student loan. The amount of this loan, in combination with other financial aid, cannot exceed the cost of attendance as determined by the University. Other aid received after the loan application is processed may result in a reduction of the loan eligibility, and a requirement that a portion of the loan be repaid immediately. Dependent students can borrow no more than $5,500 at the freshmen level, $6,500 at the sophomore level, and $7,500 at subsequent levels. The aggregate total of loans as a dependent, undergraduate may not exceed $31,000. Repayment of the loan is required and begins six (6) months after graduation or a student drops below half-time enrollment. Students must also meet the Satisfactory Academic Progress requirements as defined by the University. For additional information about this loan, including Application Steps, click here.
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Federal Direct Parent PLUS Loans
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The Federal Direct Parent PLUS Loan is available to parents of dependent, undergraduate students. The maximum amount that may be borrowed for a given loan term is limited to the cost of attendance minus any other financial aid. Although typically no income verification is required, the borrowing parent's credit history is evaluated. For additional information about this loan, including Application Steps, click here .
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Private Alternative Loans
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These are private, non-federal student loans. We recommend that you first apply for all other forms of financial aid, including grants, scholarships, employer tuition plans, and federal students loans (e.g. Stafford and PLUS), before applying for an Private Alternative Loan. The terms and conditions of federal student loans (under the Title IV, HEA program) may be more favorable than the provisions of private, non-federal student loans. Student Private Alternative Loan borrowers are typically required to apply along with a creditworthy co-signer. Interest rates and terms of these loans vary depending on the loan program the student wishes to utilize. For additional information,
click here
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How Registration Affects Financial Aid
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Federal regulations and institutional guidelines require students to be registered before any financial aid monies can be disbursed. In addition, all federal and state aid programs specify minimum enrollment requirements in order for a student to receive any (maximum or partial) assistance. These requirements are broken into four enrollment classifications: full-time, three-quarter time, half-time, and less than half-time. The chart below indicates the number of credits used to determine an undergraduate student's enrollment status
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E nrollment Status |
NUMBER OF CREDITS Registered |
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Full-time |
12 or more billable credits |
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Three-quarter time |
9 billable credits |
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Half-time |
6 billable credits |
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Less than half-time |
Less than 6 billable credits |
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Determining Award Eligibility
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Financial Aid
|
E
nrollment |
Eligible For
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P
ercentage Of |
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Pell Grant |
Full-time |
Yes |
100% |
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PA State Grant |
Full-time |
Yes |
100% |
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Federal SEOG |
Full-time |
Yes |
100% |
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Stafford Loan |
Full-time to half-time |
Yes |
100% |
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Cost and Payment Information
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The information provided on the FAFSA determines the Expected Family Contribution (EFC). By subtracting the EFC from the estimated Cost of Attendance (COA) for the year, the student's financial need is calculated. Lock Haven University then determines how much of the student's financial need will be met from all available sources. Lock Haven University assumes the student will accept the responsibility for as great a share of cost as possible.
Actual costs for the 2012-2013 academic year will not be available until July 2012. The following 2011-2012 cost figures are provided for your information.
Full-time Undergraduate Fees - Main Campus
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2011-2012 |
PA Residents |
Non-PA Residents |
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Tuition |
$ 6240 |
$13600 |
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Fees |
$ 1999 |
$ 2177 |
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Room* |
$ 4160 |
$ 4160 |
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Board** |
$ 2896 |
$ 2896 |
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TOTAL*** |
$15295 |
$22833 |
*Based on Double Room ** Based on 14-meal plan
Please Note: Commuter students do not pay room and board.
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Determining Estimated Costs (i.e. Balance Due)
for 2012-2013
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Subtract the awarded aid (excluding Federal Work Study/Institutional Employment) and any outside aid sources not included in the Award Letter from the direct costs noted above. The difference between the cost and the aid students will receive is the estimated cost each term (not including books or personal living expenses).
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Instructions for Payment of Fees
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Bill Due Date
Lock Haven University issues three billing statements to students, each for the specific term. Each bill is based upon the current number of credits for which a student is registered, as well as the mandatory fees, and room and board information (where applicable). The tentative billing due dates for the 2011-2012 academic year are as follows:
Fall Term: August 17, 2012
Spring Term: January 4, 2013
Freshmen students will receive a fall bill in late July. To view a sample bill click here. To avoid late fees and a hold on future class registration, please pay any balance due by the bill due date.
Paper check and money order payments should be sent to the following address: Lock Haven University, P. O. Box 951688, Cleveland, OH 44193. Be sure to include student's name and student ID number on all payments. Please Note: Please send all other correspondence including scholarship information and payments without a bill stub to:
Lock Haven University
Student Financial Services
118 Russell Hall
Students may pay their bills online by credit card or by electronic "eCheck". LHU accepts MasterCard and Discover. Visa cannot be accepted. Payment by e-Check is free. Customers who pay by credit card are charged a 2.39% convenience fee.
To pay online via MasterCard, Discover, or electronic check (i.e. eCheck), log into the Student Information System via the LHU web site as you would to view your class schedule. Then click on the Student Payments link on the left side of the screen. The rest is easy - simply follow the instructions. Please Note: The LHU Registrar's Office will provide log-in information and instructions to new students in July.
Payment Plan
The TMS (Tuition Management Systems) monthly payment plan is available to assist families in budgeting the cost of education. Students will receive information about the payment by mid-June. Payment plan information is also available online.
Payment of Financial Aid
Financial aid awards that have been finalized or received by the Student Financial Services Office by the billing date will be reflected on the bill. Students that are anticipating other financial assistance not listed on their billing statement (e.g., an outside scholarship), should submit documentation of the award to our office. In addition, students must notify our office if they will be using their TAP account and must provide supporting documentation. If a Federal Direct Stafford Loan applicant intends to accept all or a portion of the Stafford Loan estimate listed on the Award Letter, then the billing statement will reflect the amount accepted. However, if the billing statement does not list a “pending Stafford Loan,” and the student intends to borrow, please contact our office.
Payment of all scholarships, grants, and loans occurs after the beginning of each term by crediting these funds to the student's account. Payment of certain funds may be delayed for students enrolled part-time until after the University's 'add period' has passed. Any credit balance generated by loan overpayments can be:
a) returned to the lender (preferred option);
b) refunded to student (or parent in case of a PLUS Loan);
c) retained by LHU for next term with written authorization.
Federal Work Study and institutional wages are paid directly to the student bi-weekly as the wages are earned. The wages are not deducted from the Student Financial Services billing statement.
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Standards/Policies
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Privacy Policy
Family Education Rights and Privacy Act (FERPA) is a federal law designed to protect the privacy of a student's educational records. Educational records are all records that contain information directly related to a student; and are maintained by an educational agency or institution or by a party acting for the agency or institution. Lock Haven University follows the law in regard to the privacy of student information. In cases of divorce, our office will only release information to the parent whose financial information was used to determine the financial aid award (i.e., whose income information was reported on the FAFSA form).
If the student wishes to have relatives or outside parties receive information regarding financial status, a FERPA Release Form must be filled out for each individual/agency for each academic year. Please note: This form must be completed by the student and will be in effect until such time that the student revokes the authorization in writing.
Student Rights and Responsibilities
Satisfactory Academic Progress
Satisfactory Academic Progress (SAP) is defined as sufficiently moving toward successful completion of degree requirements. The LHU Student Financial Services Office is required by federal regulation to determine whether a student is satisfactorily progressing toward degree completion. Your official LHU academic record (i.e. transcript) is reviewed to determine student compliance with the SAP policy. All LHU students are evaluated for SAP at the end of each enrollment period (i.e. after fall, spring, and summer) once grades are posted by the LHU Registrar's Office.
LHU's Federal SAP policy is available online at http://www.lhup.edu/financial-services/policies.htm. Students are responsible for knowing and meeting SAP requirements; therefore, it is important to acquaint yourself with the SAP policy before you enroll.
Please Note: Additional academic progress requirements may apply to other aid programs, such as the PA State Grant.
Refund of Charges
For information about the credit (i.e. refund) of tuition, fees, room, and board charges for course drops and for voluntary withdrawal from all courses, click here.
Return of Title IV Funds
In accordance with federal regulations, those students who receive federal financial aid and who officially withdraw from Lock Haven University of Pennsylvania during the first 60% of a term will have their federal financial aid adjusted.
The adjustment is based on the percentage of calendar days used in the academic period. This percent is calculated by dividing the number of days in the term (excluding breaks of five days or longer) into the number of days completed prior to the withdrawal (excluding breaks of five days or longer).
The date of withdrawal will be the date the student begins the withdrawal process at the Student Affairs Office unless there is documentation of class attendance beyond that date.
Students who do not follow the official withdrawal procedure but who stop attending classes for all of their courses, will be considered to have withdrawn at the 50% point of the term unless attendance is documented after that time. There will be no adjustment to federal financial aid after the completion of at least 60% of the term.
Once the amount of federal funds to be returned has been calculated, the funds will be returned in the following order:
1. Unsubsidized Stafford Loans
2. Subsidized Stafford Loans
3. Perkins Loans
4. PLUS Loans
5. Pell Grants
6. Supplemental Educational Opportunity Grants
7. Federal TEACH Grant
Students who receive a refund of financial aid prior to withdrawing from the University may owe a repayment of federal financial aid funds received. Students will be billed by the Student Financial Services Office and will be given 30 (thirty) days to repay the funds to the University. Students who fail to repay the unearned portion of federal financial aid funds given to them will become ineligible for continued receipt of financial aid until such time as the repayment is made.
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Contact Information
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Student Financial Services
Russell Hall 123
Lock Haven, PA 17745
Phone: (570) 484-2344
Fax: (570) 484-2918
Email: sfs@lhup.edu
URL: www.lhup.edu/financial-services
Hours: 9:00 am to 4:00 pm Monday through Friday
Lock Haven University, a member of the Pennsylvania State System of Higher Education, does not discriminate on the basis of race, color, national origin, religion, sex, disability, or age in its programs and activities. The following person has been designated to handle inquiries regarding the nondiscrimination policies: Social Equity, J202 East Campus, Lock Haven University, Lock Haven, PA 17745.
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