STUDENT FINANCES

Admission requirements for each program are described under Graduate Academic Programs. ENGLISH PROFICIENCY: UNDERGRADUATE AND GRADUATE ADMISSION REQUIREMENTS FOR NON-NATIVE ENGLISH SPEAKERS

To be admitted into a graduate or undergraduate program, non-native English speakers must demonstrate English proficiency by meeting one of the following criteria:

• Earn one of the following minimum proficiency exam scores within two years before the date of admission: TOEFL, 80; IELTS, 6.5; or Step Eiken, 1. • Complete at least two years of coursework within three years before the date of admission where the language of instruction was English. • Complete at least 24 undergraduate semester credit hours or 18 graduate semester credit hours within two years before the date of admission at an accredited college or university in the United States. • Achieve an advanced level in English from an accredited and approved intensive language institute within one year before admission. Also, all applicants are required to complete an interview (in person or via live video) with the Admission Office before admission.

Payment for tuition, as well as for room, board, and other charges, is due by a published deadline before the beginning of each term. Students failing to meet this deadline will be required to make special arrangements with the Business Office before their course registrations are processed. Questions regarding charges and payments should be addressed to the Business Office. REFUND POLICY FOR FULL-TIME STUDENTS Treatment of Title IV (Federal) Aid When a Student Withdraws

For a student who withdraws after the 60 percent point-in-time, there are no unearned funds. However, a school must still complete a return calculation to determine whether the student is eligible for a post-withdrawal disbursement. The calculation is based on the percentage of earned aid using the following Federal Return of Title IV funds formula: Percentage of payment period or term completed = the number of days completed up to the last date the student attended class or participated in an academically related activity divided by the total days in the term. (Any break of five days or more is not counted as part of the days in the term). This percentage is also the percentage of earned aid. Funds are returned to the appropriate federal program based on the percentage of unearned aid using the following formula: Aid to be returned = (100 percent of the aid that could be disbursed minus the percentage of earned aid) multiplied by the total amount of aid that could have been disbursed during the payment period or term.

If a student earned less aid than was disbursed, the institution would be required to return a portion of the funds and the student would be required to return a portion of the funds. Keep in mind that when Title IV funds are returned, the student borrower may owe a debit balance to the institution. If a student earned more aid than was disbursed to them, the institution would owe the student a post-withdrawal disbursement which must be paid within 120 days of the student’s withdrawal. The institution must return the amount of Title IV funds for which it is responsible no later than 45 days after the date of the determination of the date of the student’s withdrawal.

Refunds are allocated in the following order: • Unsubsidized Federal Stafford Loans • Subsidized Federal Stafford Loans • Federal Parent (PLUS) Loans • Federal Pell Grants for which a return of funds is required • Academic Competitiveness Grants for which a return of funds is required • National Smart Grants for which a return of funds is required • Federal Supplemental Opportunity Grants for which a return of funds is required • Federal TEACH Grants for which a return of funds is required There may be some Title IV funds that a student was scheduled to receive that cannot be earned once the student withdraws because of other eligibility requirements. For example, a first-time, first-year undergraduate student and who has not completed the first two weeks of their program before withdrawing will not earn any Stafford Loan funds that they would have received had they remained enrolled past the second week. If a student receives (or Lebanon Valley College or their parent receives on their behalf) excess Title IV program funds that must be returned, Lebanon Valley College must return a portion of the excess equal to the lesser of: 1) the student’s institutional charges multiplied by the unearned percentage of the student’s funds, or 2) the entire amount of excess funds.

The school must return this amount even if it didn’t keep this amount of the student’s Title IV program funds. If Lebanon Valley College is not required to return all the excess funds, the student must return the remaining amount. Any loan funds that must be returned, the student (or their parent for a PLUS Loan) repays in accordance with the terms of the promissory note. That is, the student makes scheduled payments to the holder of the loan over a period of time. Any amount of unearned grant funds that must be returned is called an overpayment. The amount of a grant overpayment that must be repaid is half of the unearned amount. The student must arrange with Lebanon Valley College or the Pennsylvania Department of Education to return the unearned grant funds. NOTE: The federal government requires that all full-time students make satisfactory academic progress toward a degree or certificate. Please visit www.lvc.edu/financial-aid to view the Academic Progress Policy and Requirements. Treatment of Non-Title IV Aid When a Student Withdraws

Lebanon Valley College follows guidelines for Title IV programs (see above) when calculating the amount of institutional and/or state aid and/or private loans/scholarships that a student has earned up to their last date of attendance or participation

in an academically related activity. Types of aid covered by this policy include but are not limited to: College Scholarships (such as Board, Presidential, Dean’s, Sumner, and Weiss scholarships), LVC Grant-In-Aid, institutional scholarships, PHEAA State Grant, and/or any other state-administered grant funds. When a student withdraws during their period of enrollment, the amount of non-Title IV assistance that has been earned up to that point is determined by the same specific formula used to calculate Title IV funds earned. If a student receives more assistance than they earned, the excess funds must be returned by Lebanon Valley College and/or to the student. Once the student has completed more than 60 percent of the period of enrollment, they earn all the assistance that they were scheduled to receive for that period. Military Education Benefits fall under the Non-Title IV policy; however, some exceptions may apply due to specific Department of Defense and Veterans Affairs regulations. Treatment of Institutional Charges When a Student Withdraws

Lebanon Valley College follows guidelines for Title IV programs (above) when calculating the amount of unearned institutional charges to be refunded. Charges eligible for refund are tuition, room, board*, private music lessons, and overload charges. Once a student has completed more than 60 percent of the period of enrollment, they have earned all the charges billed for that period. *All meal plans for Annville students include flex dollars to be used in LVC dining facilities. If a student withdraws before the semester end, LVC will refund unused flex dollars. In the case of student withdrawal, the flex dollars will be considered separate from the remainder of the board plan for refund purposes. PART-TIME STUDENT REFUNDS Standard Term Part-time Students—Refunds

Full tuition is refunded if withdrawal notification is received before the second day of class. Full tuition is refundable if the course is canceled by the College. See the current refund table as posted on the Business Office website for specific timeframes for partial tuition refunds. Students receiving federal financial assistance (Title IV) and who are enrolled in traditional term courses will receive a refund according to federal policy with respect to Title IV aid. Non-standard Term Part-time Students—Refunds

• Students enrolled in one or more non-term courses (modules) and courses that do not span the entire semester will receive a refund of institutional charges according to the current refund table. Students receiving federal financial assistance (Title IV) also follow federal policy with respect to Title IV aid with the following clarifications: If a student fails to complete all modules scheduled for a semester, the student is considered a withdrawal at the time the student ceases attendance. • If a student withdraws from a module but indicates in writing to the College that they will attend a later module during the same semester, the student is not considered a withdrawal. If the student fails to attend the later module, the date of withdrawal reverts to the original withdrawal from the prior module. The later module will be included in the period of enrollment.