Financial Aid Overview
"How can I pay for a college education?"
This is a question many students and parents ask themselves, especially when they consider that earning an undergraduate degree typically requires four years of study.
Here at Lock Haven University of Pennsylvania, we are committed to providing everyone with an opportunity to receive an excellent education . . . without regard to a family's financial status. We fulfill this commitment by answering your questions and guiding you through financial aid applications, by coordinating and allotting scholarship and other aid programs, and by providing Federal Work Study and campus employment opportunities. The commitment is strong: approximately $40 million is awarded through the various programs annually.
About 80% of our students receive some form of financial aid. We understand that without it, many students simply couldn't afford an education. We also know that the entire financial aid application process can seem confusing. Within these pages, we have covered the most common areas of questions and concern.
General Eligibilty Requirements
Per the U.S. Department of Education, to be eligible for Federal Aid Programs students must
- demonstrate financial need (for most programs);
- be a U.S. citizen or an eligible noncitizen;
- have a valid Social Security number (with the exception of students from the Republic of the Marshall Islands, Federated States of Micronesia, or the Republic of Palau);
- be registered with Selective Service, if you’re a male (you must register between the ages of 18 and 25);
- be enrolled or accepted for enrollment as a regular student in an eligible degree or certificate program;
- be enrolled at least half-time (6 credits) to be eligible for Direct Loan Program funds;
- maintain satisfactory academic progress in college or career school;
- sign statements on the Free Application for Federal Student Aid (FAFSA) stating that you are not in default on a federal student loan and do not owe money on a federal student grant and you will use federal student aid only for educational purposes; and
- have a high school diploma or a recognized equivalent such as a General Educational Development (GED) certificate.
Student Rights and Responsibilities
The student has the right to receive the following information from the school:
- What financial assistance is available, including information on all federal, state and institutional financial aid programs.
- The procedures and deadlines for submitting applications for each available financial aid program.
- How financial aid recipients are selected.
- How financial need is determined.How and when financial aid will be disbursed.
- The criteria for measuring satisfactory academic progress, and how a student who has failed to maintain satisfactory progress may reestablish eligibility for federal and state financial aid.
The student is responsible for:
- Submitting the appropriate application forms within published deadline dates.
- Responding to all requests for additional information in a timely manner.
- Informing the Student Financial Services Office in writing or via email of all grants, scholarships, or other funds received for his/her educational costs from outside organizations.
- Informing the Student Financial Services Office of any changes in financial status, marital status, name changes, address changes, and any other information which may affect the student's eligibility for financial aid.
- Maintaining satisfactory academic progress.
- Using all refunds of financial aid for expenses related to his/her education.
- Formally withdrawing from the University, if necessary, so that the University can meet federal guidelines concerning conducting exit Interviews prior to the student's leaving the school.