Financial-aid recipients must reapply for aid each academic year by filing the CSS Profile and FAFSA, along with all required tax documents. Aid consideration in subsequent years is subject to academic progress, demonstrated need, and filing by the deadlines. Notifications to on-time renewal applicants are made no later than the end of June. Late filers are considered as funds become available.
Each year’s financial aid award is based on the college costs in effect for that year as well as the review of all documents supplied by the family. Changes in a family’s financial circumstances, such as siblings in college, number of household members, income fluctuations, retirement, disability, etc., may result in changes to a student’s financial aid award. Should parents reduce or discontinue financial support for reasons other than ability to contribute, Lafayette does not replace the parents’ expected contribution.
Financial aid is available for a maximum of eight semesters. New applicants requesting consideration for financial aid must file by the stated deadlines, demonstrate need, and have a G.P.A. comparable to the all-college average. Awards may be limited by the availability of funds.
Study Abroad
Financial aid consideration will be based on the approved costs for a full year of study at Lafayette. Aid for study abroad is limited to faculty–led and approved affiliated programs and is capped at Lafayette’s cost. Some programs may be more expensive than Lafayette; students selecting such programs will be responsible for any amount beyond Lafayette’s costs. The Office of Financial Aid will be happy to review financing options that may be available.
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DATES AND FORMS TO REMEMBER
2010–2011
April 30, 2010
FAFSA must be filed
CSS Profile must be filed
2009 Tax documents must be submitted through IDOC
June 30, 2010
Financial Aid notifications available on Banner Self Service
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