To qualify for financial aid, you must be:
- A U.S. Citizen or eligible non-citizen
- Enrolled in a degree or certificate program at Lyndon
- In good standing on any federal student loan payments (you may not owe a refund on previously awarded financial aid)
- Enrolled at least half time (6 credit hours (3 credit hours for Pell Grant eligibility only).
- Making satisfactory academic progress*
- Registered with Selective Service (if required)
Students enrolled in state certification agency approved courses for teacher certification may be eligible for some aid programs.
* Federal financial aid regulations require that financial aid recipients maintain a satisfactory rate of progress toward their degree completion requirements in order to continue receiving financial aid. Students must meet a time progression and a cumulative Grade Point Average (GPA) requirement. Students with disabilities may be allotted additional time for completion of courses if this is an appropriate accommodation.
How Financial Aid Eligibility is Determined
YOUR STUDENT BUDGET
First, we determine how much your Lyndon education will cost. The student budget includes:
- Room and board
- Books and supplies
- Personal expenses
Because costs can vary greatly between individual students, we establish standard, average costs for books and supplies, transportation, and personal expenses.
We use the cost of a double room and the 21-meal plan for all students regardless of if they live in a residence hall or off-campus, except for those students who live at home during the semester.
Students living at home have a lower allowance for room and board.
Self-supporting students may also be able to receive additional funds for child and dependent care not already covered by another source. You must provide us with documentation of those costs.
YOUR EXPECTED FAMILY CONTRIBUTION
Then we determine your Expected Family Contribution (EFC). EFC is the amount you and your family are expected to contribute towards your educational costs.
The EFC is determined by a standard formula called the Federal Methodology. The calculated EFC is based on such criteria as your and your parents’ income and assets, federal taxes paid, family size, and the number of family members in college. Your EFC will be the same regardless of the college you attend. This same EFC is used to determine your eligibility for Lyndon State scholarships and grants.
Lyndon State strives to meet students’ financial need with a combination of grants, work-study, student loans and parent loans. Please be aware that you may be able to replace a portion or all of your EFC with a Federal Unsubsidized Stafford/Ford Loan for students and/or a Federal Parent Loan for Undergraduate Students (PLUS) loan.
DETERMINING YOUR FINANCIAL NEED
These calculations allow us to determine your financial need. Financial need is the difference between your student budget and your expected family contribution. This is what we use to determine the amount of financial aid eligibility. Even though we have limited funds in some of our aid programs, we will make every effort to provide you with a fair and equitable financial aid award.