The following are examples of actual financial aid packages received by LVC families from a number of different backgrounds. These scenarios demonstrate the number of factors taken into account when distributing aid and the variety of sources that help meet the cost of a Lebanon Valley College education. family a
family b
family c
family d
This Pennsylvania student is one of two children of a single parent whose income is $34,000. Her family has very little savings or assets. The student is in the top 10 percent of her class.
This Pennsylvania student is one of three children. His father earns $45,000, and the mother is at home. They have $10,000 in savings and investments. The student is in the top 20 percent of his class.
This student is from Pennsylvania and has one older sibling also enrolled in college. His parents together earn $105,000 and have $50,000 in savings and investments. The student has $2,000 in savings. One of his parents graduated from LVC.
This student is from New Jersey and is one of three children. Her parents together earn $160,000 and have $80,000 in savings. The student is in the top 10 percent of her class.
Comprehensive Costs: $45,200
Comprehensive Costs: $45,200
Comprehensive Costs: $45,200
Comprehensive Costs: $45,200
Estimated Family Contribution: $0
Estimated Family Contribution: $5,270
Estimated Family Contribution: $11,000
Estimated Family Contribution: $39,021
Need: $45,200
Need: $39,930
Need: $34,200
Need: $6,179
Presidential Scholarship (Vickroy): $16,245
Presidential Scholarship (Leadership): $10,830
Presidential Scholarship: not eligible Children of Alumni Award: $2,500
Presidential Scholarship (Vickroy): $16,245
Financial Aid Award Need-Based Grant: $9,091* Federal Loans: $5,500 Federal Work Study: $1,750
Financial Aid Award Need-Based Grant: $6,441* Federal Loans: $5,500 Federal Work Study: $1,750
Financial Aid Award Need-Based Grant: $13,164* Federal Loans: $5,500 Federal Work Study: $1,750
Financial Aid Award Federal Loans: $5,500
Total Awards: $32,586
Total Awards: $24,521
Total Awards: $22,914
Total Awards: $21,745
*Need-Based Grant includes a total estimate of the Federal Pell Grant, PA State Grant, and LVC Institutional Grant.
Forms of Need-Based Aid Grants Grants are funds awarded based on your family’s demonstrated financial need. Unlike loans, they do not have to be repaid. Grants may come from the government or from LVC. Loans Loans, usually from the government, are borrowed money that must be repaid, typically
after graduation, on an extended schedule. There are various types of loans with differing policies on interest and repayment. Federal Work-Study This government program enables you to earn money for college by working at on-campus jobs. Eligible students may also pursue off-campus community service appointments.
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