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2012 | 2013 - Lafayette College

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Financial Policies and Services<br />

Financial Aid<br />

The Office of Financial Aid administers all institutional, federal, state, and private<br />

funds as well as all endowed scholarships. Approximately 65 percent of our students<br />

receive some type of financial aid through college-funded grants, scholarships,<br />

student loans, parent loans, and/or work study jobs. Assistance provided by <strong>Lafayette</strong><br />

<strong>College</strong> through college-funded need-based grants is considered supplemental to the<br />

family’s contribution toward college costs. Students and parents who are seeking<br />

loan assistance may refer to our website for loan options. A listing of work-study<br />

opportunities is available in the Office of Financial Aid, and openings are posted as<br />

soon as departments notify us. All students are paid monthly.<br />

Please note that our office now provides online access so students are able to check<br />

the status of all required documents by using the Banner self-service tool. Each student<br />

has a user ID and password that allows s/he to access the information at any time.<br />

Given increased demand and budgetary limitations, we encourage you to follow up<br />

with your student about filing requirements since files always are reviewed as they<br />

become complete, and deadlines will be observed.<br />

Renewal instructions are available on the financial aid website.<br />

We look forward to serving you in the upcoming year and welcome your comments<br />

and questions. We always can be reached at (610) 330-5055 or by email.<br />

Financial Aid.........................................36<br />

Payment Policy and Procedures............36<br />

Insurance.............................................. 37<br />

ROTC: The Military Science program sponsors the ARMY Reserve Officers’<br />

Training Corps (ROTC), leading to duty as a commissioned officer in the active Army,<br />

Army Reserves, or National Guard.<br />

Students may take ROTC freshman and sophomore (basic level) classes any<br />

semester without military obligation. In order to attend the Military Science level 300<br />

and 400 (advanced level) classes, individuals must be contracted. To be eligible for<br />

commissioning as an officer, a student must have at least two years and a 2.0 GPA until<br />

graduation upon entry into ROTC.<br />

As part of the United States Army Cadet Command, the program holds some<br />

classes and activities on the <strong>Lafayette</strong> campus under the auspices of the Steel Battalion<br />

ROTC program, which is headquartered at Lehigh University. Contracted students<br />

receive a tax-free monthly stipend during the school year.<br />

Full on-campus tuition scholarships are available. These maybe awarded to<br />

cadets who meet qualifications and they require a military obligation. For more<br />

information about ROTC, interested students who are U.S. citizens may call<br />

(610) 758-3272 or visit the military science website.<br />

Payment Policy and Procedures<br />

Bills and Fees: The Controller’s Office issues bills and receives payments for student<br />

fees and for student loans administered by the <strong>College</strong>. All <strong>College</strong> fees must be paid<br />

by an established date, which is normally 20 to 30 days before the beginning of each<br />

semester. Students will not be allowed to register or attend classes until accounts are<br />

paid in full or until satisfactory payment arrangements are made. The only monthly<br />

installment payment plan acceptable to the <strong>College</strong> is the Tuition Payment Plan,<br />

available through Sallie Mae of Newton, Mass.<br />

The <strong>College</strong> also recognizes that financial aid, such as grants and loans, is the<br />

primary means by which many families fund their student’s education. Families are<br />

36 parent handbook<br />

<strong>2012</strong> | <strong>2013</strong>

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