LYCOMING COLLEGE FINANCIAL AID

Pennsylvania State Grant The Pennsylvania State Grant is awarded to Pennsylvania residents whom PHEAA (PA Higher Education Assistance Agency) has determined to be eligible for grant assistance. PHEAA must have received your FAFSA results prior to May 1 to be eligible. The grant may appear as an estimated amount on the award notice. PHEAA officially notifies students of eligibility usually beginning mid-May. The satisfactory progress requirements for a Pennsylvania State Grant differ from federal requirements. Students must earn at least 24 credits for each year of PA State Grant assistance a student received. PHEAA limits students to eight (8) semesters of PA State Grant eligibility. Visit https://www.pheaa.org for other possible grant opportunities. Private Scholarships or Grants Students must inform the College if they have been awarded a grant or scholarship from a source other than the government or the College. Such awards typically come from parents’ employers, churches, civic organizations, high schools and other sources. Awards such as these, by federal regulation, must be considered as being part of the total financial aid award. Sometimes this means that we will be required to make an adjustment to the student’s financial aid package. If an adjustment to a financial aid award is required due to the receipt of a miscellaneous grant or scholarship, it is College policy to reduce the student’s loan eligibility (or work-study eligibility if the student chooses). 5

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