Financial Aid

Financial Aid

Le Moyne College considers it essential to provide assistance to students whose personal and family resources are inadequate to meet the full cost of education. The College has developed a comprehensive program of scholarships, grants, loans and employment to supplement resources of full-time students.

More detailed information is available at the Office of Financial Aid. Costs can be found on the Bursar’s office website.

Important Steps in Applying for Funds

In order to apply for all the aid available through Le Moyne, an incoming student must file the Free Application for Federal Student Aid (FAFSA). The FAFSA is available online at www.fafsa.ed.gov, and should be complete by Feb. 15.

Returning students must file the NYS TAP Application and the FAFSA. If requested, students and/or parents must submit documents to fulfill federal verification requirements. All forms should be received by the Office of Financial Aid by April 15 each year.

Any type of financial aid administered by the College may be revoked in the event that a discrepancy between the applicant’s statement of need and his or her current financial status is discovered.

Academic Requirements for Receiving Le Moyne or Federal Financial Aid

Any student receiving Le Moyne or federal financial aid must maintain satisfactory academic standing as outlined in the Academic Information section of this catalog. Additionally, such a student must meet the quantity and time-limit requirements on eligibility for Le Moyne and federal funds that are outlined in the chart below.

Credit hours successfully completed for half-time or three-quarter-time students will be adjusted accordingly.

Students within the academic-probation range of the G.P.A. will be individually reviewed for the quantity and time-limit requirements. These guidelines are outlined in the Academic Information section. Such a student thus remains eligible for aid. Also, the Office of the Vice President for Enrollment Management may grant waivers to those who fall below the quantity and time-limit requirements if the student demonstrates mitigating circumstances.

Quantity Requirements

Credit Hours Attempted Percent of attempted credit hours successfully completed (grade of D or better)
0-3650%
37-8960%
90+75%

Time Limits on Receiving Le Moyne or Federal Aid as a Full-time Student

Academic years completed as a full-time student Minimum number of credit hours successful completed
118
236
354
472
590
6120

Academic Guidelines for New York State Financial Aid

Students who have received an Award Certificate for any New York state funds must meet the academic guidelines described below. It is the responsibility of Le Moyne College to certify that all New York state eligibility requirements have been met. The date of certification is the day after the end of the five-week tuition refund period.

Recipients of New York state funds are encouraged to contact the financial aid office for clarification concerning these regulations.

  1. Pursuit of Program (Attendance):
    • Student must be enrolled for a minimum of 12 credit hours per semester.
    • First-Year Award Received — Student must complete 50 percent of minimum full-time load per semester.
    • Second-Year Award Received — Student must complete 75 percent of minimum full-time load per semester.
    • Third-and Fourth-Year Award Received — Student must complete 100 percent of minimum full-time load per semester.
  2. Standard of Satisfactory Academic Progress for Purpose of Determining Eligibility for State Student Aid:
    1. Payments starting prior to 2010-2011 and special academic programs.
      Certified for Payment Credits G.P.A.
      1st00
      2nd31.1
      3rd91.2
      4th211.3
      5th332.0
      6th452.0
      7th602.0
      8th752.0
      9th902.0
      10th1052.0
    2. Payments starting in 2010-2011 and thereafter.
      Certified for Payment Credits G.P.A.
      1st00
      2nd61.5
      3rd151.8
      4th271.8
      5th392.0
      6th512.0
      7th662.0
      8th812.0
      9th962.0
      10th1112.0