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The U.S. Department of Education has
established federal financial aid programs that are
available to students attending post-secondary education
institutions. The federal programs are determined and
awarded on the family's financial need. Students must
file the Free Application for Federal Student Aid (FAFSA).
You may apply on-line at
www.fafsa.ed.gov.
(Please be sure to list Lyon's code, 001088, and make a
copy of your FAFSA for your records).
The federal financial aid programs are:
Standards for Maintaining Aid
Eligibility
Students who receive financial aid from any federal,
state, or institutional source must adhere to specified
minimum standards of academic performance to encourage
the completion of their degree requirements in a timely
manner.
Eligibility criteria for federal aid programs
require that a student:
-
be enrolled or
accepted for enrollment as a regular student pursuing
a degree or certificate in an eligible program
-
not be
simultaneously enrolled in an elementary or secondary
school while enrolled in postsecondary school
-
provide a valid
social security number
-
have a high
school diploma or its recognized equivalent (GED, or
demonstrate the ability to benefit by passing an
independently administered test approved by the U.S.
Department of Education)
-
be a U.S.
citizen or eligible non-citizen
-
sign a statement
of educational purpose/certification statement on
refunds and default
-
be registered
with the Selective Service, if required
-
for Title IV
loans, have eligibility for a Federal Pell Grant
determined
-
demonstrate need
for financial assistance (not required for PLUS and
Unsubsidized loans)
-
maintain
satisfactory progress as identified by the institution
-
not have
borrowed in excess of annual or aggregate limits on
any Title IV loans
-
not have had
federal benefits suspended due to a drug offense
conviction
-
be enrolled at
least half-time (except for the Federal Pell which
allows les-than-half-time enrollment).
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