Kendra Feigert Director of Financial Aid Jeff Petritsch Director of Student Accounts AccessLVC gt Financial Aid Link in admissions portal with login credentials From lvcedu gt MyLVC ID: 1046210
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1. Financial Aid & Billing Kendra Feigert, Director of Financial Aid Jeff Petritsch, Director of Student Accounts
2. AccessLVC -> Financial AidLink in admissions portal with login credentialsFrom lvc.edu -> MyLVC
3. Steps to Finalize Your Aid Offer‘Review and accept your awards’ - Accept, reduce, or decline federal student loans – interest rate - 5.49%BORROW FEDERAL LOAN FIRST!You must take action on the subsidized loan (interest-free) before the unsubsidized
4. Steps to Finalize Your Aid Offer‘Review the cost breakdown and electronically sign your aid offer letter’ – every time there is a change, the student will be prompted to review and sign.If you are borrowing federal student loans – complete Direct Loan Entrance Counseling and the Master Promissory Note at studentaid.gov Complete ASAP
5. Other Info on Financial Aid PortalView Required DocumentsRead a description of each of the awards you are receivingLink to the FA Information Packet
6. Financial Aid Info Packet
7. Financing OptionsPayment Plan – 10 month – August to MayFederal Parent PLUS LoanParent is the borrower8.05% fixed interest rate for loans disbursed on or after July 1, 20234.2% origination (up front) feePrivate Student LoanStudent is the borrower, credit-worthy cosigner requiredFixed and variable rates available from banks/credit unionsLVC provides a list of recommended lenders (URL below) or search “private student loans” on lvc.eduhttps://www.lvc.edu/admission-aid/financial-aid-costs/loans/private/
8. Loan Certification & Disbursement DatesWe will begin to certify parent sub/unsub, PLUS, and private loans in JuneFederal, state, and private grants and loans will disburse to the student account with the Business Office:Fall – August 23, 2023Spring – January 10, 2024Only LVC grants and scholarships will show as a reduction to your charges on the Statement of Account (bill). You may reduce your balance due by the amounts of approved/pending grants and/or loans.An electronic worksheet is available to assist you
9. Update to Meal Plan (Residents only)Due to new federal regulations, we are required to provide you with a meal plan that includes 3 meals per day – Platinum meal plan. Currently, Gold is included in the aid offer.In early June we will be updating your aid offer letter to include the platinum meal plan. You do NOT have to select this meal plan. Your bill will include the meal plan you select.There will be no change to your LVC grants and scholarships. An email will be sent when the update to the meal plan is complete.
10. Changes for 2024-20252024-25 FAFSA will not be available until December 2023Needs analysis formula is changing significantly – expected family (EFC) contribution will become the student aid index (SAI)Stay tuned for more details
11. Billing DatesSemester Email Date Due DateFall 2023 7/5/2023 8/7/2023Spring 2024 11/22/2023 1/5/2024Payment is due by the date indicated on each monthly statement. “Statements” are available online via the Student Finance Portal in AccessLVC.Real-time on-demand student account transactions are available under “Activity Details” in the Student Finance PortalA late charge of $200 per semester is added to the student account if payment in full (less approved financial aid) is not received by the stated due date. Bills for incidental charges will be emailed monthly and will note specific due dates.
12. Communication/Financial ResponsibilityPlease communicate with each other about all aspects of the bill-paying/loan application process. Since the account is in the student’s name it is highly beneficial if the students themselves are involved! Please be sure to do the following to ensure that your account is current:Review the account statements that are emailed each month. Review your student account activity details on the Transact Student Finance Portal on a regular basisFor questions about charges/due dates/payment plans call the Business Office at 717-867-6300 For questions about your financial aid call the Financial Aid Office at 717-867-6126
13. Parent Access!Students can authorize others to access the Student Finance Portal in 4 easy steps!After logging into AccessLVC:Click on Student FinanceClick on My AccountScroll down and click on Send a Payer Invitation (under Payers)Enter the first name, last name, and email address of the person they wish to invite and click Send Invitation – That’s it!The authorization will remain in place unless the student later rescinds it.
14. Parent Access!
15. Student Account Worksheet (Optional)
16. Methods of PaymentDirect:CashPersonal Checks (please include 7 digit Student ID number in the memo!Money OrdersTAP/529 Plans – contact the agency for instructions. All checks should be made payable to Lebanon Valley College, should include the student’s name and student ID number and should be sent to: Lebanon Valley College Attn: Business Office 101 N. College Ave Annville, PA 17003Online only:ACH/Bank Account/eCheck – Checking or Savings account ($0.50 fee)Credit/Debit Card (2.75% fee)Transact Payment Plan ($35 enrollment fee per plan)Guest Pay (ACH or Credit/Debit Card) – https://commerce.cashnet.com/lvcpay - “Pay as a Guest” Enter ID/Last Name
17. Transact Payment PlanStudents will be able to enroll from the Student Finance PortalParents will be able to enroll from the Transact Payments Portal$35 Enrollment Fee – No Interest!You determine the amount to setup. You can finance what is due, or you can finance more to cover bookstore charges/etc. or you can finance less if you have funds coming from other sourcesYou may increase or decrease your payment plan at any time and there is no fee for doing so. Your adjustment will impact your future payments.Auto-pay is available
18. Transact Payment Plan5 month plan - single semester Due on the first of each month from 8/1 to 12/1 10 month plan – full yearDue on the first of each month from 8/1 to 5/1When setting up this plan, double the amount that will be due for fall, so that the spring is covered as well. This plan is recommended because you won’t have to pay another fee to do a second spring semester plan! Did you miss enrolling in a plan before it started?No Problem! - You will be asked to make the payments to catch up at that time.
19. Thank You WE ARE HERE TO HELP YOU!r Attending! Kendra Feigert Jeff Petritsch feigert@lvc.edu petritsc@lvc.edu finaid@lvc.edu cashier@lvc.edu 717-867-6126 717-867-6300Office Hours Academic year - Monday to Friday 8:00 a.m. to 4:30 p.m. Summer - Monday to Thursday 8:00 a.m. to 4:00 p.m., Friday 8:00 a.m. to noon