Scholarships and Financial Aid Rules and Procedures At Lyon College, we are committed to making an educational experience of the highest quality available to qualified students. Tuition and fees account for about 45 percent of Lyon College’s educational investment in its students. With a combination of affordable costs, extensive merit-based scholarship and financial aid programs, and academic programs of quality, Lyon College has been regularly recognized as one of higher education’s best bargains among private, selective liberal arts colleges.
Applying for Financial Aid To establish their eligibility for the widest possible range of financial aid opportunities, students and their parents should file a FAFSA and specify that they want it sent to Lyon by listing Lyon’s Federal school code (001088) on it. Students who wish to be considered for Federal and need-based Lyon aid programs must file a FAFSA. (For more details, see the “Financial Aid Programs” section below.) FAFSA forms can be obtained from high schools or online at www.fafsa.ed.gov. Students must file a new FAFSA prior to each year in which they wish to receive aid. Lyon assigns priority in the awarding of financial aid to students whose FAFSAs are received by March 1. After this date, the College will continue to work with students to make a Lyon education possible for them, but cannot assure the full availability of Federal, state, or institutional funds. While only accepted students can be offered financial assistance, students who have not yet been notified of their acceptance should not delay applying for aid.
Financial Aid Eligibility Students’ financial aid eligibility is dependent on their academic and social standing as defined in the section on “Academic Rules and Regulations” above and in the Student Handbook. Students in good academic and social standing and students on probation are eligible for at least some forms of financial aid. Students who have been suspended from the College are ineligible for financial aid of any kind. They may reapply for financial aid when they reapply for admission. Because full-time students are ordinarily expected to complete their degree requirements within four years, Lyon institutional aid is renewable for eight semesters of full-time enrollment. Students unable to complete degree requirements within four years may receive Federal financial aid, and may appeal to the Admission and Financial Aid Committee through the financial aid office for a renewal of their Lyon
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