2012 | 2013 - Lafayette College
2012 | 2013 - Lafayette College
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>