Types of Financial Aid

Types of Financial Aid

Types of Financial Aid

Financial aid is money to help pay for college or career school. Aid can come from:

  • the U.S. federal government,
  • the state where you live,
  • the college you attend, or
  • a nonprofit or private organization.

Federal student aid includes:

  • Grants—financial aid that doesn’t have to be repaid
  • Loans— borrowed money for college or career school; you must repay your loans, with interest
  • Work-Study—a work program through which you earn money to help you pay for school

If you are an undergraduate student, your financial aid package may be comprised of many different types of awards: grants, scholarships, tuition waivers, loans and work-study. These awards can range in size from hundreds to thousands of dollars. The type of aid you receive will depend on whether it is need-based (determined by your demonstrated financial need) or non need-based (determined by merit or other factors).

Most aid for graduate students is in the form of loans. Graduate students may also receive assistantships from the Graduate Admissions Office or from their department of study.

The links on the left of this page are the types of aid programs LHU students can receive to assist with payment of education expenses.

Grants

Grants

Pell Grant

A Federal Pell Grant, unlike a loan, does not have to be repaid. Federal Pell Grants are awarded to undergraduate students who have not earned a bachelor's or a professional degree and who demonstrate need as determined by the U.S. Department of Education. The amounts can change yearly. The amount you receive will depend on your financial need, your cost of attendance, your enrollment status, and your plans to attend school for a full academic year or less. You may not receive Federal Pell Grant funds from more than one school at a time.

Teacher Education Assistance for College and Higher Education (TEACH) Grant

TEACH 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 degree. To be eligible for a Teach Grant at Lock Haven University, a student must complete the FAFSA, have a 3.25 cumulative GPA, have been granted degree candidacy by their 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; and Special Education. Once it has been determined that a student meets all criteria for eligibility, s/he must complete a 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 https://studentaid.ed.gov/sa/types/grants-scholarships/teach 

Federal Supplemental Educational Opportunity Grant (SEOG)

The SEOG grant is provided by the federal government for distribution by Lock Haven University. The Financial Aid Office automatically considers every Pell-eligible student for SEOG and will award it to those who demonstrate the greatest need and have a FAFSA filed by the suggested filing date of March 15. Funds are limited.

Pennsylvania State Grant (PHEAA State Grant)

The Pennsylvania State Grant is awarded to the residents of the Commonwealth of Pennsylvania by the Pennsylvania Higher Education Assistance Agency (PHEAA). To be considered for a Pennsylvania State Grant, students must complete a FAFSA by May 1 and if determined eligible, complete the Pennsylvania State Grant Form. Students who have already received a Pennsylvania State Grant in a previous year, typically only need to submit a FAFSA to receive the grant. The amount of the state grant is determined when the student and the University receive official notification from PHEAA. Students working on their first bachelor’s degree can receive up to 8 semesters of full-time grant awards. If a student is enrolled for additional semesters (more than 8) including summer, they will not receive a grant for all semesters enrolled.

In addition to general eligibility criteria, students are not eligible for the Pennsylvania State Grant if their academic program is online in nature, or if they are enrolled in more online courses than face to face courses, on a semester basis. LHU is required to review enrollment each semester and report this information to PHEAA. For more information about PHEAA’s policies please see the Pennsylvania State Grant Program Manual.

Students can apply for a Summer Pennsylvania State grant to help with summer costs as long as they are registered for a minimum of 6 credits in an undergraduate program. Students who qualify should know that if they are eligible, the summer grant will count toward the maximum number of grants a student is permitted to receive. PHEAA allows a qualifying student to receive up to 8 full-time semester grants while working on a bachelor’s degree. If a student takes 12 credits over the summer, this will count as one full semester’s grant. If a student takes between 6-11 credits in the summer and receives a half-time grant, this will count as half of a semester’s grant. To apply for a summer grant go to www.pheaa.org.

Final Term Exception:  For undergraduate students who are eligible to receive Pennsylvania (PA) State Grant funding, the Pennsylvania Higher Education Assistance Agency (PHEAA) has a final year exception for full-time enrollment.  If a student only needs to complete 9 semester credits during the final term, the student may be eligible for a full-time PA State Grant.  Please note that the student must be enrolled in at least 9 semester credits for this exception to apply. If this exception applies to you, you must notify the Financial Aid Office as soon after you register as possible

Other State Grants

Out of state students may be eligible for a grant from the state of their residence. These states include CT, DE, MA, ME, OH, RI, VT, WV, and the District of Columbia. Students must contact the appropriate state grant agency for more information. Students are urged to check with their state grant office regarding application and deadline dates.

Federal Direct Stafford Loan

Federal Direct Student Loan


A Federal Direct Student Loan is an educational loan, made through the William D. Ford Federal Direct Loan Program, for which eligible students borrow directly from the U.S. Department of Education. Students must be enrolled on at least a half time basis, six credits a term, to be eligible for a student loan. These loans are either subsidized or unsubsidized. 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. Independent and graduate students qualify for additional amounts.

Please note: Students who plan to borrow a Federal Direct Stafford Loan must complete an entrance counseling session and Master Promissory Note at https://studentaid.gov/ 

Repayment of the loan is required and begins six months after graduation or when a student drops below half-time enrollment.

For more details regarding this program, please see the Federal Direct Student Loan Document.

Information regarding the Loan Repayment process, can be located here.

LHU Student Lending Code of Conduct

Lock Haven University is committed to providing students and their families with the best information and processing alternatives available regarding student borrowing.  In support of this and in an effort to rule out any perceived or actual conflict of interest between Lock Haven University officers, employees, or agents and education loan lenders, Lock Haven University has adopted the following:

  • Lock Haven University does not participate in any revenue-sharing arrangements with any lender.
  • Lock Haven University does not permit any officer, employee, or agent of the school who is employed in the financial aid office or is otherwise involved in the administration of education loans to accept any gifts of greater than a nominal value from any lender, guarantor, or servicer.
  • Lock Haven University does not permit any officer, employee, or agent of the school who is employed in the financial aid office or is otherwise involved in the administration of education loans to accept any fee, payment, or other financial benefit (including a stock purchase option) from a lender or affiliate of a lender as compensation for any type of consulting arrangement or contract to provide services to a lender or on behalf of a lender relating to education loans.
  • Lock Haven University does not permit any officer, employee, or agent of the school who is employed in the financial aid office or is otherwise involved in the administration of education loans to accept anything of value from a lender, advisory board, commission, or other group established by such a lender, guarantor group of lenders, and/or guarantors.  Lock Haven University does allow for reasonable reimbursement of expenses associated with participation in such boards, commissions, or groups by lenders, guarantors, or groups of lenders and/or guarantors.
  • Lock Haven University does not assign a lender to any first-time borrower through financial aid packaging or any other means.
  • Lock Haven University recognizes that a borrower has the right to choose any lender from which to borrow to finance his/her education.  Lock Haven University will not refuse to certify or otherwise deny or delay certification of a loan based on the borrower’s selection of a lender and/or guarantor.
  • Lock Haven University will not request or accept any offer of funds to be used for private education loans to students from any lender in exchange for providing the lender with a specified number or volume of Title IV loans, or a preferred lender arrangement for Title IV loans.
  • Lock Haven University will not request or accept any assistance with call center or financial aid office staffing.

WILLIAM D. FORD FEDERAL DIRECT LOAN PROGRAM


Lock Haven University participates in the William D. Ford Federal Direct Loan (Direct Loan) Program and complies with the statute, guidelines, and regulations governing the Title IV, Part D, William D. Ford Federal Direct Loan Program as required by 20 U.S.C. §§ 1087a et seq. (Part C) and 34 C.F.R. Part 685.


Lock Haven University:


1.


Provides for the establishment and maintenance of a Direct Loan Program at the Institution that will:

   


Identifies eligible students who seek student financial assistance in accordance with Section 484 of the Higher Education Act of 1965, as amended (the HEA).

   


Estimates the need of students as required under Title IV, Part F of the HEA.

   


Provides a certification statement of eligibility for students to receive loans that will not exceed the annual or aggregate limits, except the Institution may exercise its authority, under exceptional circumstances identified by the Secretary, to refuse to certify a statement that permits a student to receive a loan, or certify a loan amount that is less than the student's determination of need, if the reason for such action is documented and provided in written form to a student.

   


Establishes a schedule for disbursement of loan proceeds to meet the requirements of Section 428G of the HEA.

   


Provides timely and accurate information to the Secretary concerning 1) the status of borrowers while students are in attendance, any new information pertaining to the status of student borrowers of which the Institution becomes aware after the student leaves the Institution, and 2) the utilization of Federal funds under Title IV, Part D of the HEA at such times and in such manner as prescribed by the Secretary.


2.


Complies with requirements established by the Secretary relating to student loan information with respect to the Direct Loan Program.


3.


Provides that students at the Institution and their parents (with respect to such students) will be eligible to participate in the programs under Title IV, Part B of the HEA, Federal Family Education Loan programs, at the discretion of the Secretary for the period during which such Institution participates in the Direct Loan Program, except that a student or parent may not receive loans under both Title IV, Part B and Part D of the HEA for the same period of enrollment.


4.


Provides for the implementation of a quality assurance system, as established by the Secretary and developed in consultation with Institutions of higher education, to ensure that the Institution is complying with program requirements and meeting program objectives.


5.


Provides that the Institution will not charge any fees of any kind, regardless of how they are described, to student or parent borrowers for loan application, or origination activities (if applicable), or the provision and processing of any information necessary for a student or parent to receive a loan under Title IV, Part D of the HEA.


6.


Provides that the Institution will originate loans to eligible students and parents in accordance with the requirements of Title IV, Part D of the HEA and use funds advanced to it solely for that purpose (Option 2 only).


7.


Provides that the note or evidence of obligation of the loan shall be the property of the Secretary (Options 2 and 1 only).


8.


Complies with other provisions as the Secretary determines are necessary to protect the interest of the United States and to promote the purposes of Title IV, Part D of the HEA.


9.


Accepts responsibility and financial liability stemming from its failure to perform its functions under this Program Participation Agreement.

 


CERTIFICATIONS REQUIRED FROM INSTITUTIONS

 

 

PART 1

CERTIFICATION REGARDING LOBBYING; DRUG-FREE WORKPLACE; DEBARMENT, SUSPENSION AND OTHER RESPONSIBILITY MATTERS; AND DRUG AND ALCOHOL ABUSE PREVENTION


1. Lobbying


As required by Section 1352, Title 31 of the U.S. Code, and implemented at 34 C.F.R. Part 82, for persons entering into a Federal contract, grant or cooperative agreement over $100,000, as defined at 34 C.F.R. Part 82, Sections 82.105, and 82.110, the undersigned certifies, to the best of his or her knowledge and belief, that:

 

(1)

No Federal appropriated funds have been paid or will be paid, by or on behalf of the undersigned, to any person for influencing or attempting to influence an officer or employee of any agency, a Member of Congress, an officer or employee of Congress, or an employee of a Member of Congress in connection with the awarding of any Federal contract, the making of any Federal grant, the making of any Federal loan, the entering into of any cooperative agreement, and the extension, continuation, renewal, amendment, or modification of any Federal contract, grant, loan or cooperative agreement.

(2)

If any funds other than Federal appropriated funds have been paid or will be paid to any person for influencing or attempting to influence an officer or employee of any agency, a Member of Congress, an officer or employee of Congress, or an employee of a Member of Congress in connection with this Federal contract, grant, loan or cooperative agreement, the undersigned shall complete and submit Standard Form - LLL, "Disclosure Form to Report Lobbying," in accordance with its instructions.

(3)

The Institution shall require that the language of this certification be included in the award documents for all subawards at all tiers (including subcontracts, subgrants and contracts under grants, loans and cooperative agreements) and that all subrecipients shall certify and disclose accordingly.


2a. Drug-Free Workplace (Grantees Other Than Individuals)


As required by the Drug-Free Workplace Act of 1988, and implemented at 34 C.F.R. Part 84, Subpart B, for grantees, as defined at 34 C.F.R. Part 84, Sections 84.200 through 84.230 -

The Institution certifies that it will or will continue to provide a drug-free workplace by:

(a)

Publishing a drug-free workplace statement notifying employees that the unlawful manufacture, distribution, dispensing, possession, or use of a controlled substance is prohibited in the grantee's workplace and specifying the actions that will be taken against employees for violation of such prohibition;

(b)

Establishing an on-going drug-free awareness program to inform employees about-

 

(1)

The dangers of drug abuse in the workplace;

 

(2)

The Institution's policy of maintaining a drug-free workplace;

 

(3)

Any available drug counseling, rehabilitation, and employee assistance programs; and

 

(4)

The penalties that may be imposed upon employees for drug abuse violations occurring in the workplace;

(c)

Making it a requirement that each employee to be engaged in the performance of the grant be given a copy of the statement required by paragraph (a);

(d)

Notifying the employee in the statement required by paragraph (a) that, as a condition of employment under the grant, the employee will -

 

(1)

Abide by the terms of the statement, and

 

(2)

Notify the employer in writing if he or she is convicted for a violation of a criminal drug statute occurring in the workplace no more than five calendar days after such conviction;

(e)

Notifying the agency, in writing, within 10 calendar days after receiving notice under this subparagraph (d)(2) from an employee or otherwise receiving actual notice of such conviction. Employers of convicted employees must provide notice, including position title, to: Director, Grants and Contracts Service, U.S. Department of Education, 400 Maryland Avenue, S.W., Washington, DC 20202. Notice shall include the identification number(s) of each affected grant;

(f)

Taking one of the following actions, within 30 calendar days of receiving notice under subparagraph (d)(2), with respect to any employee who is so convicted -

 

(1)

Taking appropriate personnel action against such an employee, up to and including termination, consistent with the requirements of the Rehabilitation Act of 1972, as amended; or

 

(2)

Requiring such employee to participate satisfactorily in a drug abuse assistance or rehabilitation program approved for such purposes by a Federal, State, or local health, law enforcement, or other appropriate agency;

(g)

Making a good faith effort to continue to maintain a drug-free workplace through implementation of paragraphs (a), (b), (c), (d), (e), and (f).


2b. Drug-Free Workplace (Grantees Who Are Individuals)


As required by the Drug-Free Workplace Act of 1988, and implemented at 34 C.F.R. Part 84, Subpart C, for recipients who are individuals, as defined at 34 C.F.R. Part 84, Section 84.300 -

1.

As a condition of the grant, the Institution certifies that it will not engage in the unlawful manufacture, distribution, dispensing, possession, or use of a controlled substance in conducting any activity related to the award; and

2.

If any officer or owner of the Institution is convicted of a criminal drug offense resulting from a violation occurring during the conduct of any award activity, the Institution will report the conviction, in writing, within 10 calendar days of the conviction, to: Director, Grants and Contracts Service, U.S. Department of Education, 400 Maryland Avenue, S.W., Washington, DC 20202. Notice shall include the identification number(s) of each affected grant.


3. Debarment, Suspension, and Other Responsibility Matters


As required by Executive Order 12549, Debarment and Suspension, and implemented at 34 C.F.R. Part 85, for prospective participants in primary covered transactions as defined at 34 C.F.R. Part 85, Sections 85.105 and 85.110, the Institution certifies that it and its principals:

(a)

Are not presently debarred, suspended, proposed for debarment, declared ineligible, or voluntarily excluded from covered transactions by any Federal department or agency;

(b)

Have not within a three-year period preceding this application been convicted of or had a civil judgment rendered against them for commission of fraud or a criminal offense in connection with obtaining, attempting to obtain, or performing a public or private agreement or transaction; violation of Federal or State antitrust statutes; commission of embezzlement, theft, forgery, bribery, falsification or destruction of records, making false statements, tax evasion, receiving stolen property, making false claims, or obstruction of justice; or commission of any other offense indicating a lack of business integrity or business honesty that seriously and directly affects their present responsibility.

(c)

Are not presently indicted for or otherwise criminally or civilly charged by a governmental entity (Federal, State, or local) with commission of any of the offenses enumerated in paragraph (b) of this certification; and

(d)

Have not within a three-year period preceding this application had one or more public transactions (Federal, State, or local) terminated for cause or default.

 


4. Drug and Alcohol Abuse Prevention


As required by the Drug-Free Schools and Communities Act Amendments of 1989, which added section 1213 to the Higher Education Act, and implemented at 34 C.F.R. Part 86, the undersigned Institution certifies that it has adopted and implemented a drug prevention program for its students and employees that, at a minimum, includes--

 

1.

The annual distribution in writing to each employee, and to each student who is taking one or more classes for any kind of academic credit except for continuing education units, regardless of the length of the student's program of study, of:

 
  • Standards of conduct that clearly prohibit, at a minimum, the unlawful possession, use, or distribution of illicit drugs and alcohol by students and employees on its property or as part of any of its activities.
  • A description of the applicable legal sanctions under local, State or Federal law for the unlawful possession or distribution of illicit drugs and alcohol.
  • A description of the health risks associated with the use of illicit drugs and the abuse of alcohol.
  • A description of any drug or alcohol counseling, treatment, or rehabilitation or re-entry programs that are available to employees or students.
  • A clear statement that the Institution will impose disciplinary sanctions on students and employees (consistent with local, State and Federal law), and a description of those sanctions, up to and including expulsion or termination of employment and referral for prosecution, for violation of the standards of conduct. A disciplinary sanction may include the completion of an appropriate rehabilitation program.

2.

A biennial review by the Institution of its program to:

 
  • Determine its effectiveness and implement changes to the program if they are needed.
  • Ensure that its disciplinary sanctions are consistently enforced.
Federal Direct PLUS Loan

Federal Direct PLUS Loan

PLUS loans for Parents are federal loans that parents of dependent undergraduate students can use to help pay educational expenses. The U.S. Department of Education is the lender of these funds. To qualify, the borrower must not have an adverse credit history. The maximum loan amount is the student's cost of attendance (determined by the school) minus any other financial aid received.

Please note: Students must be enrolled at least 6 credits for the semester to be eligible to receive this loan.

When applying for this loan, families are urged to apply for the amount needed for the year. Generally repayment begins once the initial disbursement of funds has occurred, however parents can elect to defer payment in their loan application.

If a parent's application is denied, the school is contacted. In these situations we can typically create an additional loan for the student. The amount of the loan cannot exceed $4000 for freshmen and sophomores and $5000 for juniors and seniors.

For more details regarding this program, please see the Federal Direct Plus Loan for Parents Document.

Federal Direct Graduate PLUS Loan

Federal Direct Graduate PLUS Loan

PLUS loans for Graduate Students are federal loans that graduate students can use to help pay educational expenses. The U.S. Department of Education is the lender of these funds. To qualify, the borrower must not have an adverse credit history. The maximum loan amount is the student’s cost of attendance (determined by the school) minus any other financial aid received.

Please note: Students must be enrolled on a half time basis to receive this loan.

Generally repayment begins once the initial disbursement of funds has occurred, however students can elect to defer payment on their loan application.

Private Alternative Loans & Private, Non-Federal Loans

Private Alternative Loans & Private, Non-Federal Loans

Alternative Loans are loans that help assist students who may be in need of further financial assistance for their educational costs. Alternative Loans are not a government program and are available through private lenders. It is important to research federal loan programs, scholarship opportunities, grants and Work-Study programs available to you before you borrow from a private loan program. The terms and conditions of federal loans 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 more details regarding this program, please see the Alternative Educational Loans Document.

Federal Work Study

Federal Work Study

Federal Work Study (FWS) provides part-time jobs for students with financial need, allowing them to earn money to help pay educational expenses. 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. Students employed under the FWS program are typically paid at the prevailing minimum wage and receive bi-weekly paychecks for wages earned. FWS earnings will not be deducted from the student bill since students receive their wages directly. Students awarded FWS are responsible for finding their own jobs. Current job postings and other information about student employment are available online on the Career Services page.

Please note: Students who did not receive a work study award may still work on campus through campus employment.

CARES Act Emergency Financial Aid

CARES Act Emergency Financial Aid

Lock Haven University has commenced the distribution of the Emergency Financial Aid Grant under Section 18004(a)(1) of the CARES Act.

Lock Haven University has signed and returned to the Department of Education the Certification and Agreement form for the CARES Act Higher Education Emergency Relief Funds.  The University has begun to award 50% of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants.

Lock Haven University was awarded $ 3,395, 846 The total amount of funds that the institution will receive or has received from the Department pursuant to the institution’s Certification and Agreement [for] Emergency Financial Aid Grants to Students.

As of August 31, 2020 LHU has awarded $1,535,075. LHU has assisted 2,191 students with Cares Act funds under Section 18004(a)(1) of the Cares Act. 

Undergraduate and graduate students who are/were registered in spring 2020 and who have filed their Free Application for Federal Student Aid (FAFSA) are eligible based on their Expected Family Contribution (EFC). Students who were enrolled in all online courses are not eligible for CARES Act funding.

Eligibility requirements include:

  • Must have a FAFSA on file for 2019-2020 and meet all the FAFSA eligibility requirements
  • Must have been enrolled at least half-time in spring 2020 semester
  • Must be making Satisfactory Academic Progress for Federal Aid

Approximately 75 percent of the CARES Act funding will be disbursed using the FAFSA EFC need index.   There are no additional steps needed to receive this fund as long as all eligibly requirements are met.

Your Expected Family Contribution number can be found on your Student Information Record (SAR) provided by the Federal Student Aid office when your  2019-2020 FAFSA was processed.

Award Amount will be distributed as follows:

EFC Range

Award value

0 - 5,575

$850

5,576 - 12,000

$750

12,001 - 24,999

$650

25,000 and above

$250


The remaining 25 percent will be made available via an application process for those who were affected by COVID19 but who did not receive funding in the first phase above. To Apply: Please submit the CARES Act: Request for Emergency Funding Application

If eligible, you will receive your CARES Act grant via the refund method you selected through Bank Mobile. If you have not yet selected a preference, please visit Bank Mobile's website and make your selection as soon as possible. For assistance in selecting your refund preference, contact the Student Accounts Office at stuaccts@lockhaven.edu or 570-484-2425.

CARES Act Institutional Portion

Sections 18004(a)(1) Institutional Portion & 18004(a)(2) Quarterly Reports

Quarterly Report period ending 9/30/20

Download Qarterly Report

Questions?

Contact Financial Aid Office

 
223 Ulmer Hall, Lock Haven University, Lock Haven, PA 17745
(570) 484-2424

 

Connect with Financial Aid Online

 
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