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.

Costs

Academic Merit Awards
Lyon offers various merit-based academic awards ranging from the total cost of tuition, fees, room and board to just a portion of these cost.  These scholarships are renewable based on academic performance at Lyon.  Prospective students should submit applications for admission no later than January 15.

The Application Process
To apply for an academic merit award, prospective students should complete an application for admission and submit all appropriate application materials (i.e., essay, ACT/SAT score, fee, recommendations). The admission application serves as an application for most academic merit awards. As part of the application process, students who are interested in these awards are strongly encouraged to schedule an official visit to campus through the Office of Admission. Students who complete their application for admission prior to January 15 will receive priority in the awarding of academic merit awards. Candidates should follow up with the Office of Admission to ensure that application materials are complete.

In reviewing applications for academic merit awards, the College will also consider community service, leadership experiences, and extracurricular activities as demonstrated in a candidate's application, essay, letters of recommendation and nomination, and on-campus interviews. Scholarships are renewable annually provided students maintain an appropriate level of academic performance.

Fine Arts Scholarships  
For applicants who demonstrate outstanding  ability in art, music, Scottish Heritage, or theatre, we offer this scholarship, which may be used to supplement a Trustees', President's, Dean's, or Transfer Scholarship.  Candidates for Fine Arts scholarships will be asked to schedule a campus audition or portfolio review.

Athletic Scholarships  Lyon is an NAIA Division I school and competes in the TranSouth Conference. A limited number of athletic scholarships are available for student-athletes who are members of Lyon's intercollegiate athletic teams.  Student-athletes will retain an athletic scholarship by complying with NAIA Division I eligibility requirements, appropriate College regulations, and scholarship maintenance requirements. Applicants who receive a Trustees', President's, or Dean's scholarship may also be eligible for athletic scholarships which are  awarded by the Office of Enrollment Services in consultation with the Athletic Department.

Other Financial Aid
All prospective students are encouraged to complete and file the Free Application for Federal Student Aid (FAFSA) and submit it to the Federal processor after January 1st of their final year of high school. Students who complete and file this form will be considered for federal and state need-based financial aid programs.

Costs for the 2007-2008 Academic Year (for both in-state and out-of-state residents).
Tuition $15,466                                      Payment Options
Student Activity Fee $194
Technological Fee $300
Room $2,734
Board $3,910
Total $22,604                                          
In addition to the direct costs itemized above, students will incur, on the average, additional expenses of approximately $1500 per year for books, supplies, clothing, laundry, recreation, transportation and other personal expenses. These costs are not paid directly to Lyon.

Tuition and fees are subject to change for the 2008-09 Academic Year.