Once your application for financial aid at Lynchburg College is complete, and you have received your award letter, there may be additional steps required before actually receiving your aid.
If grants and scholarships are part of your financial aid package, no further action is required of you to receive this aid, aside from complying with all relevant enrollment and academic progress requirements.
If loans are part of your financial aid package, you can either accept, cancel, or reduce loans using FA Online. If your loan is a Direct Loan, you are required to complete Entrance Counseling and sign a Master Promissory Note (MPN), both of which can be done on StudentLoans.gov.
If Employment is part of your award package, you have the opportunity to find a job and work to earn financial support. Employment comes in two varieties, Federal Work Study (FWS) and Campus Work Program (CWP). FWS is need-based aid, while CWP is not. All on-campus jobs are posted through Student Employment office.
Check Your Aid Status
Use FA Online to check the status of your Financial Aid. FA Online is the main way to get information about your financial aid, documents still needed to complete your file and your disbursement status.
Regularly Check your MyLC account and select Students Online to review any changes to your bill.
Report Outside Resources Early
You must inform the Office of Financial Aid of money or aid you receive that is not listed on your Financial Aid Award Letter from any organization other than our office. Examples include: tuition fee waivers, fellowships, private or state scholarships, Virginia Prepaid, or any awards that pay directly to you.
Lynchburg College students must be enrolled at least full time to receive most types of financial aid. Students who enroll for less than full time may have their aid adjusted after the drop/add period.
Access and Graduate students are not required to be full-time, but loans require half-time status.
Disbursements & Refunds
Students generally receive their financial aid check by mail from Student Accounts office. Disbursement is after classes begin and as soon as aid is available.
What happens to excess aid?
Financial aid is meant to assist with your costs. After tuition, fees and applicable housing or meal plan charges are paid, any remaining aid will be refunded to you for other educational expenses. You may use these funds to assist with your living expenses while you are in school.
I need my financial aid for books, what do I need to do?
You may use your financial aid refund check or you can order your books online through your MyLC Account.
First Time Borrowers
First-time Direct Loan borrowers must complete Entrance Counseling and a Master Promissory Note (MPN) at StudentLoans.gov.