Office of Financial Aid

Office of Financial Aid



















Forms

Types of Aid

The basic types of financial aid are grants and scholarships, sometimes referred to as gift aid, which are not subject to repayment; loans which are repaid; and campus employment. There are many sources for gift aid including Lehigh University, which provides 74 percent of all grant funds received by students; federal and state grants; ROTC Scholarships; and a variety of private sources.

The following provides you with a summary of each type of aid.

Merit Aid

	Eligibility	Value of award	Comments
Asa Packer Scholarship	Selections made during the admissions process. Renewal: 3.2 GPA	$15,000 per year, renewable over four years of full-time undergraduate study.	Institutionally funded. This scholarship is intended for four years of full-time undergraduate study or completion of a baccalaureate degree, whichever comes first. The award is limited to eight consecutive semesters from the date the student begins the program. For students receiving need-based aid, the value of these awards will be used to meet need and will not be added on to a need-based package. Recipients are required to maintain a 3.2 GPA.
Dean's Scholarship	Selections made during the admissions process. Renewal: 3.0 GPA	$10,000 per year, renewable over four years of full-time undergraduate study.	Institutionally funded. This scholarship is intended for four years of full-time undergraduate study or completion of a baccalaureate degree, whichever comes first. The award is limited to eight consecutive semesters from the date the student begins the program. For students receiving need-based aid, the value of these awards will be used to meet need and will not be added on to a need-based package. Recipients are required to maintain a 3.0 GPA.
Lehigh Scholars	Selections made during the admissions process. Based on financial need. Renewal: 2.8 GPA and continue to demonstrate need.	Up to $4,500 per year, renewable over four years of full-time undergraduate study.	Institutionally funded. This award reduces what would have been the self-help portion of a need-based package. This scholarship is intended for four years of full-time undergraduate study or completion of a baccalaureate degree, whichever comes first. The award is limited to eight consecurtive semesters from the date the student begins the program. Recipients are required to maintain a 2.8 GPA.
Baker Gifted Arts Scholarship	Selections made by faculties of the Music and Theater Departments.	$3,000 per year, renewable over four years of full-time undergraduate study.	Instituitonally funded. Recipients may also be eligible to receive lessons tuition-free. Recipients are required to maintain a 2.8 GPA. For more information and to apply, please visit the Music Department's web page.
Robert Cutler-Steven Sametz Choral Arts Endowed Scholarship	Selections made by faculties of the music department.	$2,500 per year, renewable over four years of full-time undergraduate study.	Institutionally funded. Recipients are required to maintain a 2.8 GPA. For more information and to apply, please visit the Music Department's web page.
Snyder Family Endowed Scholarships for Marching Band	Selections made by the faculty of the music department.	$1,000 the first year and an increasing amount each succeeding year. Renewable over four years of full-time undergraduate study.	Institutionally Funded. Recipients are required to maintain a 2.8 grade point average as an undergraduate. For more information and to apply, please visit the Music Department's web page.
ROTC Leadership Award	Selections made during the admissions process in conjunction with military science faculty.	$5,000 per year, renewable over four years of undergraduate study.	Institutionally funded. Renewable based on continued success within the ROTC program and maintenance of a 2.5 GPA.

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Grant Aid

	Eligibility	Value of award	Comments
Federal Pell Grant	Full-time students who demonstrate exceptional financial need.	Determined annually based on federal criteria and availability of funds.	Federally funded. Any Pell grant subsequently received will serve to reduce a Lehigh grant dollar for dollar.
Federal SEOG Grant	Full-time students who demonstrate exceptional financial need.	Determined annually based on federal criteria and availability of funds.	Federally funded.
Lehigh Grant	Full-time students who demonstrate financial need.	Based on student's need and availability of funds.	Institutionally funded. Students must reapply annually by the specified deadline, continue to demonstrate financial need, and make satisfactory academic progress.
Loan Cancellation	Students whose academic performace is borderline and with approval from the Financial Aid Committee.	Up to $4,000 per year.	Institutionally funded. This award begins as a loan and may be cancelled (and become a grant) if the student achieves the required GPA and passes at least 12 credits (minimum of 8 new credits) during the term of the award.
Outside Scholarship or Grant	Varies according to sponsoring program.	Varies according to sponsoring program.	50% of the value of the outside award will reduce self-help and 50% will reduce the need-based grant. Students with "grant-to-need" packages will have 100% reduced from institutional funds. You are responsible for notifying us immediately upon receipt of any outside award.
State Grant Program	Undergraduate students from AK, CT, DE, ME, MD, MA, OH, PA, RI, VT, or WV.	Determined annually based on federal criteria and availability of funds.	State funded. Students from these states who apply for Lehigh financial aid are required to apply for state grants. Any state grant subsequently received will serve to reduce a Lehigh Grant dollar for dollar.

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Loans

Eligibility

Value of award

Comments

Federal Perkins Loan

Full-time students who demonstrate exceptional financial need.

Varies according to unmet financial need and available funds. Up to $3,000 annually.

Federally funded. Fixed interest rate of 5%. Repayment begins 9 months after student graduates or ceases to be enrolled at least half-time.

Federal PLUS Loan

Parents of dependent undergraduate students enrolled at least half-time. Parent may not have adverse credit history.

Up to the cost of attendance less any financial aid received.

Federally funded. Fixed interest rate of 8.5%, for loans disbursed on or after July 1, 2006. Repayment begins 60 days after final disbursement for enrollment period. Refer to the "Frequently Used Loans" area for detail information.

Federal Stafford Loan (Subsidized or Unsubsidized)

Students enrolled at least half-time.

Freshman	$3,500
Sophomore	$4,500
Junior	$5,500
Senior	$5,500
Fifth Year	$5,500

Federally funded. Fixed interest rate of 6.8% for loans disbursed on or after July 1, 2006. Repayment begins 6 months after student graduates or ceases to be enrolled at least half-time. Refer to the "Frequently Used Loans" area for detail information.

University Tuition Loan

Awarded to supplement Stafford loan eligibility as part of need-based financial aid.

Up to $5,000 per year.

Institutionally funded. Fixed interest rate of 7%. Repayment begins 3 months after student graduates or ceases to be enrolled at least half-time.

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Work Study

	Eligibility	Value of award	Comments
Federal Work-Study	Students who demonstrate financial need.	Up to $1,700, which may be earned working 3-10 hours per week. Paychecks, based on hours worked, are issued directly to the student or may be directly deposited to his/her bank account.	Federally funded. Employment opportunities include many on-campus jobs, as well as some off-campus positions. Visit our website for a complete listing of jobs.

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