Section III: Student Finance

Section III: Student Finance jeff Wed, 08/11/2021 - 17:06

Lakeview College of Nursing reserves the right to make appropriate revisions, amendments or corrections to policies and procedures at any time, with or without notice.

Tuition and Fees

Tuition and Fees jeff Wed, 08/11/2021 - 17:06

Nursing education is an investment in your future, resulting in higher earning potential and greater career choices. Lakeview College of Nursing actively works to keep costs down while maintaining high standards.

Tuition

$470 Per Credit Hour (part-time or full-time) Regardless of Residence or enrollment status [Cost Range for 1-17 hrs. = $470 - $7,990 per semester]

Course Fees1

$70 Per Credit Hour* [Cost Range for 1-17 hrs. = $70 - $1,190 per semester]

Testing Fee2 $160 per course
Lab Equipment Fee for N311, N312 and N321 $50 for each course
Clinical Fee3 $10 per clinical course
Graduation Fee $185

Proficiency Examination Fee

$100 for Each Test

Portfolio Fee

$100 per Credit Hour

Audit Fee $50 per Credit Hour
Late Registration Fee $50
Late Payment Fee $50
Returned Check Fee $30
Lost of Misplaced Clinical ID Badge $25
Lost or Misplaced Key Fob $25
Parking Free


1Course Fees: Orientation, Technology, Simulation, Library, Student Activity Fee, Assessment, Health Record Maintenance, Student Malpractice Insurance, Facilities

2Testing Fee: ATI Nursing Education [Standardized Testing, Comprehensive Predictor, NCLEX-RN Live Review, Skills Modules, Video Case Studies, Drug Guide]

3Clinical Fee: Clinical Placement

Student Insurance: Lakeview strongly encourages all students to carry health insurance that meets Affordable Care Act (ACA) requirement. Resources - For more information on some possible health care plans view below:

 

 

 

Other Expenses

Semester I (Courses 311, 312, 313, 314)

$2015

Includes: Books ($963)

Scrub Uniforms, White Coat, Shoes, Penlight, Watch with a second hand, Bandage scissors, Stethoscope, Blood Pressure Cuff with Sphygmomanometer ($350)

Electronic device ($700) [Laptop - see required specs at https://www.lakeviewcol.edu/technology].

Semester 2 (Courses 321, 322, 323, 324)

$909

Includes: Books

Semester 3 (Courses 431, 432, 433, 434)

$449

Includes: Books

Semester 4 (Courses 441, 442, 443, 444)

$553

Includes: Books ($203)

Nursing License Costs: ($350) Illinois Nursing License Fingerprinting, NCLEX Exam

Travel to Clinical Sites (clinical sites are generally within a 70-mile one-way radius from the College)

Optional Expenses (approximate costs)

Oto-Opthalmascope                                                                                                                                                                                $275
ACLS Certification  (cost set by private vendor; offered during semester 4)                                                                          $150
PALS Certification (cost set by private vendor; offered during semester 4)                                                                               $150

 

Please Note:

Books, equipment, etc. may be purchased at:

  • Follett Bookstore at Danville Area Community College - 217-443-8759 
  • Eastern Illinois University Union Bookstore - 217-581-5821
  • Other vendors, such as Amazon or Lippincott.

Uniforms: Students will need to purchase uniforms through Star Uniform https://www.star-uniform.com
Patches: Students will need to purchase a minimum of two patches, $5.00/each. One patch for the scrub-top - sewn on the upper left chest and one patch for the lab coat- sewn on the upper left sleeve. See pictures for proper placements. Patches are available at the College.

Uniform /Uniform

Charleston Location Students

Charleston Students under former LCN/EIU agreement
Effective Spring 2020 - students who started the program Fall 2019 and prior will be charged student fees from Eastern Illinois University (EIU) per the previous LCN/EIU agreement. Students have the option to waive EIU's Health Insurance. The deadline to waive the health insurance is below.

Access your EIU PAWS account at http://www.eiu.edu/paws or contact 217-581-6605 to make payment.

Students who entered the program Spring 2020 to current:
Effective Fall 2020 – students enrolled in Lakeview Nursing program for the first time in Spring 2020 and beyond have the option to take advantage of EIU Student Services and must sign-up for the services by the 5th day of the semester. Please complete the form and return as designated. Students also have the opportunity to enroll in EIU Student Health Insurance.

EIU Student Fees & Health Insurance

· Student Fees - Charleston students who elect to enroll for EIU services will be charged a flat fee of $450.00 each semester for EIU services (recreation center, computer labs, library, health services, union center, campus improvement, etc.) You must notify EIU of your election to receive services within five (5) calendar days of the start of each semester and make full payment of the account balance at that time.
· Health Insurance Fee – all inquiries related to EIU Student Insurance should be directed to the EIU Student Insurance Officer by calling 217-581-5290. The deadline to waive or enroll in the EIU Health Insurance Fee is:
Fall Term 2021 - August 27, 2021
Spring Term 2022 - January 14, 2022
Summer Term 2022 - May 23, 2022

Payment of Tuition and Fees

Payment of Tuition and Fees jeff Wed, 08/11/2021 - 17:06

Accounts are due and payable in full on or before the date specified on the semester invoice, in accordance with the academic calendar. Students Account Statements are mailed once prior to the semester. Thereafter, students can log into their online student account (SONIS) to view their account statements. Students who do not pay in full, enroll in the tuition payment plan, and/or demonstrate approved financial aid coverage before the date specified will be dropped from all courses. [Note: Military TA and Chapter 31/33 - please see below.] Any funding sources received on the student's behalf and processed by Lakeview College of Nursing shall first be applied to any current outstanding balance for tuition, fees, and books.

Paying for College:

  • Self Pay: Cash, check, debit, or credit card. Option to pay on-line is available.
  • Financial Aid: Financial aid (completed and verified file) and/or scholarship award at a level to fully cover tuition and fee costs. Federal/Student/Parent loans confirmed. Please refer to the Financial Aid section for more information. Students must use financial aid for the intended semester. Students cannot use current semester loan monies for a previous semester.
  • Private Loans: Approved private educational loan. See the Financial Aid section.
  • Lakeview Scholarship Awards: Confirmed Lakeview College of Nursing scholarship award.
  • Third-Party Payment Agreement: Confirmed employer tuition assistance program, College Illinois, Veteran's Benefits*, Military Tuition Assistance** (TA), WIA, Vocational Rehab, etc.
  • Payment Plan: Nelnet Business Solutions (NBS) tuition management payment plan. NBS is a low-cost option for budgeting tuition and fees. It is not a loan program; therefore, you have no debt and no interest or finance charges with no credit check. The only cost is a $25.00 per semester non-refundable fee. To enroll in the NBS Payment Plan please complete the form located on their website: http://mycollegepaymentplan.com/lakeview/ You will need the balance due and student ID number to complete the form. Please contact the cashier at 217-709-0922 or studentaccounts@lakeviewcol.edu if you have any questions. Students must maintain prompt monthly payments to be eligible for continued payments through NBS.

 

All financial obligations must be cleared before registration for a subsequent term and before graduation on both campuses. Failure to clear financial obligations will result in your ability to progress, or holding of diploma, transcripts, and Certification of Education form sent to the State by the College which allows you to sit for the NCLEX examination.

 

Veteran's Benefits - Chapter 31 and Chapter 33*

Students who have produced a certificate of eligibility by the first day of class for Chapter 31 Vocational Rehabilitation and Employment or Chapter 33 Post 9/11 GI Bill® benefits will not be dropped from courses, charged a late fee, prevented from enrolling, required to secure alternative or additional funding, or denied access to college resources.
Requirements for this provision, students may be required to:

  • Produce the VA's Certificate of Eligibility by the first day of class
  • Provide written request to be certified;
  • Provide additional information needed to properly certify the enrollment as described in other institutional policies.

NOTE: GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government website at https://www.benefits.va.gov/gibill

Military Tuition Assistance**

The Tuition Assistance (TA) program pays the cost of tuition and some additional fees. Nearly all military service members are eligible for TA. However, each service branch determines eligibility criteria that often reduce access. Tuition Assistance covers up to 100% Tuition and Fees, not to exceed $250.00 per semester credit hour or $4,500.00 per fiscal year.

All Active Duty Service Members (including Guard and Reserve) must contact their Education Service Office (ESO) or Education Counselor within your branch of service before enrolling.

Please visit your branch of service for Tuition Assistance procedures and application.

Refunds

Refunds jeff Wed, 08/11/2021 - 17:06

All refunds will be requested through the Cashier and approved through the Business Office periodically throughout the semester. All refunds will be issued in the form of a check. Students should come prepared to meet their school/living expenses prior to the issuance of refund checks. Emergency loans will not be issued at any time.

All student accounts will be refunded in accordance with established College procedures (for Military Tuition Assistance see TA Refund Policy Schedule):

  • 100% Refund - If the initiation and completion of the withdrawal are made through the Director of Enrollment/Registrar by Noon as follows: 
    • 16 week semester: By the end of the 2nd class week.
    • 10 week format classes or Summer session: By the end of the 1st week of class.
    • Weekend format classes: By the Monday following the 1st class meeting.

No refund will be given for withdrawals made after the deadlines stated above.

Military Benefits - Special Circumstances: A soldier ordered into active duty service by the Government will need to speak with the Business Office (TA Refund Policy Schedule).

  • Federal Aid in excess of your statement of accounts will be refunded to you once the funds are received from the federal government. Refund checks are generally available 30 days after the start of classes each semester.
  • Private Education funds are received electronically by the College and posted directly to the student’s LCN statement of account. In case of a credit balance, a refund check will be generated at that time.
  • Each semester all credit balances will be refunded. No balances will be carried forward to another semester.

Note: The exception to this policy is when the Department of Education Federal Refund Policy Return of Title IV Funds must be applied to those students whose costs are paid by student financial aid funding.

State and/or Accrediting Agency Refund Rule
The State of Illinois has not established a mandated refunding rule for private colleges.

The Higher Learning Commission, as an accrediting agency, has not established a refund rule.

Federal Refund Rule (Return of Title IV Funds)
The Department of Education mandates that unearned federal financial aid funds are returned to the specific program if a student withdraws from all coursework in a semester (Requirements of 34 CFR 668.22). The amount of the refund is determined by days of the semester that the student was in attendance versus the remaining days (after withdrawal) until the semester ends. Students are notified by mail of their debt to the Department of Education. This debt must be paid in a timely manner in order for the student to receive future financial aid. Contact the Financial Aid Office for more details regarding this policy.

Military Tuition Assistance (TA) Refund Policy Schedule

  • 16- week Course Withdraw submitted Before or during weeks 1-2 100% return

During weeks 3-4 75% return

During weeks 5-8 50% return

During weeks 9-10 40% return (60% of the course is completed)

During weeks 11-16 0% return

  • 10- week Course Withdraw submitted Before or during week 1 100 % return

During week 2-3 75% return

During weeks 4-5 50% return

During week 6 40% return (60% of the course is completed)

During weeks 7-10  0% return

Financial Aid

Financial Aid jeff Wed, 08/11/2021 - 17:06

Financial assistance at Lakeview College of Nursing is available in the form of scholarships, grants, and loans.  Additional information and counseling may be obtained from the Financial Aid Office located on the second floor, room 202, of the Danville Campus Building.  Office hours are 8 am to 4 pm Monday through Friday.

Using Financial Aid to Pay for Classes

Students whose financial aid paperwork has been received and processed by the Financial Aid Department will be notified of awarded gift aid and Federal Direct loan processing instructions via their LCN student email.  Students with a credit balance due to their processed financial aid will receive a book voucher via their LCN student email to be used at the Follett Bookstore at Danville Area Community College (Danville students) or the Eastern Illinois University Union Bookstore (Charleston students).  Voucher usage has a limited time frame noted on the form.

Financial aid is always subject to change without prior notice if changes occur in your enrollment status, class attendance, personal circumstances, or in Federal or State deadlines.  You are responsible for all college bills not covered by your financial aid.  All charges that you incur during a semester that are not covered by financial aid must be paid before you will be able to register for the next semester.  If you have questions related to paying college costs with your financial aid, please contact the financial aid office.

Important Notice/Deadlines

October 1st of Each year Federal/State Application Opens
Mid-Term, Each Semester Direct Loan Requests Due
June 1 (for Fall Semester) Lakeview Scholarship Application Due
November 1 (for Spring Semester) Lakeview Scholarship Application Due
March 1 (for Summer Semester) Lakeview Scholarship Application Due

Federal Deadlines: The new award year application is available October 1 and will require income information from two years before the academic year for which aid is intended.

State Deadlines: The State of Illinois sets a deadline for the Monetary Award Program each award year. There is not a separate application for the MAP grant. The required information is entered on the FAFSA.

We encourage students to complete the Free Application for Federal Student Aid (FAFSA) as early as possible each award year.

Institutional Deadlines:

  • Scholarships – The deadlines for LCN scholarships are June 1 for fall semester, November 1 for spring semester and March 1 for summer semester. [Note: One scholarship application is required to be on file for the duration of enrollment, however, completion of FAFSA is required for each award year.]
  • Federal Direct Loan Processing – The last date you can request a Federal Direct loan for a semester is no later than the mid-term date of each semester.
  • Verification Deadlines – The Student Aid file must be completed, verified as accurate (and corrected if applicable) no later than the last date of the semester for which student aid is to be applied.

How to Apply for Financial Aid

To be awarded Federal and/or Illinois State student financial aid to attend Lakeview, a student will need to be accepted and enrolled as a degree seeking student.

Step 1 - Complete the FAFSA

Complete the Federal student aid application called the Free Application for Federal Student Aid (FAFSA) via the Internet at https://studentaid.ed.gov/sa/fafsa.  Lakeview's school code is #010501.

Students admitted for the Spring semester must add Lakeview's school code to the Student Aid Report via the Internet. Please contact the LCN Financial Aid Office to discuss what awards may be available, and the amounts since eligibility for some programs can change from one College to another. It is crucial to cancel any pending aid at the school a student is transferring from so LCN can proceed with their aid.

The result of the FAFSA is the Student Aid Report (SAR). Students will have the opportunity to print and/or review their SAR via the Internet site. Lakeview receives an electronic version of this report. The SAR will be used to determine which programs students qualify for and how much aid students will receive. The LCN Financial Aid Office will let students know what additional documents are needed to submit to the office to complete the Verification Process (Step 2).

A student must be enrolled in the minimum number of hours required by the financial aid program.

Independent/Dependent Status

Applicants answers to certain questions will determine whether they are considered on the Free Application for Federal Student Aid (FAFSA) to be "dependent" (still part of a parent's family unit) or whether they are "independent" (have formed their own family unit). Students are classified according to family unit because federal student aid programs are based on the idea that students, and their parents or spouses (if applicable), have the primary responsibility for paying for their post-secondary education. To be considered "independent," at least one of the following must apply to the student:

  • turns 24 before January 1 of the academic year for which aid is sought

  • is a veteran of the U.S. Armed Forces

  • is an orphan or ward of the court until age 18

  • is married/has children (for whom they provide over 50% of support)

  • meets and documents any other status questions on FAFSA as a "Yes"

Documentation may be requested from students who meet Independent Status due to answering "Yes" to one or more of the FAFSA questions.  If you have questions of any kind related to your eligibility for financial aid please telephone or e-mail the Financial Aid office.

Financial Need

Student aid will only be awarded based on LCN credit hours. When packaging awards no “concurrent” enrollment with another school will be considered. Most federal and state financial aid is awarded on the basis of demonstrated financial need. The formula used to determine who has need and who does not is:

  • Student Budget - Expected Family Contribution = Financial Need.

Student Budget is the cost of attending college (tuition, fees, transportation, books, supplies, etc.).
Expected Family Contribution is taken from the student's Student Aid Report (SAR).
Financial Need is the maximum dollar amount of aid from the various sources for which the student is eligible.

You may not receive financial assistance up to the maximum dollar amount for which you may be eligible, and your total financial aid package may not meet your Cost of Attendance.

The various sources of aid have maximum award amounts and may be further affected by limitations in the availability of funds. Loans may be available if grant aid is insufficient. Please inquire at the financial aid office if you need additional funding.

Cost of Attendance for Financial Aid

The budget below represents an estimated cost to attend Lakeview College of Nursing for 2021-2022. It is based on two semesters/9-month school year and the premise that the student will be attending full-time. The two budgets represent one for the Independent student and the other for the Dependent student with parent(s).

The budget includes direct costs (tuition, fees, and estimated books) and in-direct costs (housing, travel, and miscellaneous). These costs vary by individual student and Do Not reflect what is due to the college that is stated on your student billing statement that you will be issued each semester.

  Dependent Independent
Tuition & Fees* $17,480 $17,480
Room & Board*** $2,925 $4,950
Books** $1,830 $1,830
Travel $1,888 $1,888
Miscellaneous $1,984 $1,984
Totals $26,107 $28,132

*Tuition Rate x 30 credit hours ($470) and Fee Rate x 30 credit hours ($70) and per course Testing Fee ($160)
**Average Books & Supplies cost comparison by program
***Average per area housing ($325- month Dependent, $550 month Independent)
Miscellaneous personal expenses at $220 per month
Travel - an average of 150 miles per 32 weeks

Step 2 - Verification

Lakeview College of Nursing’s Financial Aid Office performs verification on all students applying for financial aid and verifies all elements of the FAFSA data. You and your family will be requested to provide the documentation concerning the information required on the FAFSA. Your financial aid file will not be completed, and student financial aid (that you may qualify for) will not be awarded until all verification is complete. Any instances of conflicting, erroneous, or omitted information may require a correction to your FAFSA data. Once corrections are processed and returned, you will be updated to any changes in eligibility. It is important to reply to all requests for verification documentation. Verification must be completed and corrections made (if applicable) before the end of the semester for which you are applying for student aid funds or all "potential" funds will be canceled.

Note: The verification process is not related in any way to the due date of the student’s semester billing. In order to apply student aid funding towards direct educational costs, the verification process must be completed and determined accurate and student eligibility determined prior to the billing due date. It is the student’s responsibility to pay their bill by the billing due date to avoid being dropped from classes due to nonpayment.

Grants

Grants jeff Wed, 08/11/2021 - 17:06

Federal Pell Grant

The Pell Grant is available to eligible students at LCN. To apply, you must complete the FAFSA application for financial aid. The resulting expected family contribution (EFC) will be used to determine your eligibility for all financial aid programs, including the Pell grant. This award can be used to pay tuition, fees, books, and supplies, up to the amount available each semester. If the student has funds after costs are met, then refunds are generally available 30 days after the start of classes each semester.

Illinois Student Assistance Commission (ISAC)

A resident of Illinois (who is a US citizen or permanent resident of the United States), enrolled in an eligible program at LCN, who demonstrates financial need as determined by the Illinois Student Assistance Commission, may receive a grant, called the Monetary Award Program (MAP). There is not a separate State application. To be considered for the state award, a student need only indicate Illinois residency when the FAFSA is completed. A dependent student's parent(s), whose information was required on the Federal Student Aid Application (FAFSA), must be an Illinois resident. The State sets deadlines each award year that a student must meet to be considered for the MAP award. It is recommended that you apply early each award year. The announced awards (estimated or actual) can be reduced or canceled at anytime during the award year.

Step 3 - Acceptance of Awards

Federal Pell Grant and State Grant/MAP will be applied to a student's account who has met the eligibility. Federal Student Loans must be accepted through the process found in Applying for Federal Direct Loans.

Loans

Loans jeff Wed, 08/11/2021 - 17:06

Federal Loan Programs

To be eligible to apply for any of the Title IV student loans, you must:

  • Apply for financial aid using the FAFSA.

  • Have a completed, verified as accurate, student aid file on record.

  • Complete loan counseling and other special requirements.

  • Be enrolled in at least half-time enrollment status.

  • Be enrolled in only coursework relevant to your program of study.

  • Meet DL Program Regulations per 34 CFR part 668.

  • Meet School processing deadlines

Federal Direct Loan Program (subsidized and unsubsidized)

  • Repayment begins six months after the student graduates, leaves school, or drops below half-time enrollment.

  • Loan disbursements are deposited in the form of electronic funds to the student's LCN account and are released no earlier than thirty days after the beginning of the semester.

  • Students may request up to $7,500.00 at the Junior or Senior Level each award year (max subsidized amount in the figure is $5500.00).

  • Independent students may be eligible for additional unsubsidized loans for a maximum eligibility of $12,500

  • Please note: Some students may qualify for the following loan processing standards based on their program completion plan and will be contacted by Financial Aid Office with their Federal loan eligibility.

    1. Students that graduate mid-year (December) and are enrolled in 6 or more credit hours for the remaining summer and fall semesters can qualify to process aid based on the borrower based award year (BBAY). This allows the student to maximize Federal loan/grant eligibility.

    2. Students that graduate mid-year (December) and are not enrolled in any preceding summer semester courses will require Federal loan proration for Federal loans processed in Fall since the final period of enrollment is shorter than the academic year in length.

 

Federal Parent Loan for Undergraduate Students (PLUS)

Parents may borrow for their dependent undergraduate students. Parents would be eligible to borrow up to the cost of education minus any financial aid.

 

Loan Interest Rates

To view current interest rates and other loan information go to StudentAid.gov

Applying for Federal Direct Loans

Once your student file has been verified, loan processing instructions will be forwarded to your LCN email account. The application process is conducted via the Internet. You will be required to log in at specific sites (noted below) and use your Federal Student ID which is the same ID you must use when completing the application for Federal Student Aid (the FAFSA) each award year.

To apply complete these steps:

  1. Complete entrance counseling at Studentaid.gov. All first-time borrowers at LCN are required to complete this step.

  2. Complete the Electronic Master Promissory Note (EMPN) at Studentaid.gov.

  3. Return your loan request responses from the previous email to the FA Office.

  4. Meet school deadlines for the semester in regards to loan processing.

If the parent is applying for the Parent Loan for Undergraduate Students (PLUS), you must:

  1. Complete PLUS Application request process at Studentaid.gov.

  2. Complete the PLUS Electronic Master Promissory Note at Studentaid.gov.

  3. Contact the Financial Aid Office with the requested loan amount.

34 CFR Section 668.202 (e)(1) of the Federal Direct Loan (DL) Program provides that a school may refuse to certify a Direct or PLUS loan application or may reduce the borrower's determination of need for the loan if the reason for that action is documented and provided to the student in writing provided the determination is made on a case-by-case basis. All previous borrowing of student loans and total debt will be reviewed prior to certification of future loans.

Repayment of Federal loans

LCN students who process Federal Loans and drop below half-time enrollment, withdraw from the program, or graduate, will receive personalized exit information from the Financial Aid Office regarding their Federal loans. More information on repaying Federal student loans can be found at https://studentaid.gov/manage-loans/repayment

Federal Student Loan Ombudsman

The Ombudsman Group is dedicated to helping resolve disputes related to Direct Loans, Federal Family Education Loan (FFEL) Program loans, Perkins Loans and grant programs. If a borrower has completed the steps to resolve a loan dispute and is not satisfied, the borrower may need to contact the Federal Student Aid (FSA) Ombudsman Group of the U.S. Department of Education (ED). The Ombudsman Group is neutral, informal, and confidential resources to help resolve disputes about your federal student loans. Contact the Ombudsmen Group as a last resort. Make every effort to resolve your student loan problem before contacting the Ombudsman Group.

U. S. Department of Education
FSA Ombudsman Group
PO Box 1843
Monticello, KY 42633
Phone: 877-557-2575
Fax: 606-396-4821
https://studentaid.gov/sa/repay-loans/disputes

Alternative Loans

Alternative loans, commonly referred to as "private loans," are offered by various banks and private lenders to cover the costs of College not covered by other financial aid resources. A Credit Check is completed on the potential borrower. Also, it is common to be required to have a co-signer for the loan. Interest rates are variable by borrower and based on many factors that the lender deems relevant.

Alternative loans are intended for:

  • students whose financial aid doesn't cover the full cost of higher education (Cost of Attendance is considered in need) or,

  • students who may not be enrolled in a financial aid eligible program or,

  • students who may not be eligible for financial aid for other reasons.

Depending on individual circumstances, a parent may also be able to borrow alternative loans to help pay for a child's college expenses.

There are many companies that offer alternative loans. As a wise consumer, you should shop around and investigate what lender offers the best loan to meet your needs. You may choose any lender you wish. In considering a lender, you should look at the interest rates, repayment period, "reward" options, the quality of their customer service, and the amount eligible to borrow within specific time frames. All of these considerations will help you find the best loan to meet your educational needs.

Lakeview College of Nursing does not sponsor or endorse any lender. We do have a "historical" listing of lenders that current and/or previous students have used. You may visit FASTChoice at http://choice.fastproducts.org/FastChoice/home/1050100 to view additional private loan entrance information and compare products offered by lenders on the historical list. As a consumer, you should research your options and use your best judgment to choose a lender. We strongly suggest that students contact us to discuss the Federal loan program and what advantages concerning interest rates, repayment options and other consumer information that may make it a better choice for borrowing funds for educational expenses. A parent of an undergraduate student also has the option of borrowing on the student's behalf for education expenses called the Federal PLUS program, this program may also have advantages for the consumer when comparing to an alternative loan. Each of these Federal loan programs require that the Free Application for Federal Student Aid (FAFSA) be completed and verified to be accurate before the loan can be certified and processed. Student's can also research this information on their own at the Department of Education's Web page at studentaid.ed.gov/sa/types/loans/federal-vs-private

For all loan questions, please call the Financial Aid Office at 217.709.0928.

Financial Aid and Withdrawals

Financial Aid and Withdrawals jeff Wed, 08/11/2021 - 17:06

If you withdraw or cease attendance, you may have charges and financial aid adjusted according to the time and circumstances that you cease enrollment. You should refer to the refund schedules, which are published in the current academic calendar. If you fail to attend class without officially withdrawing, it may void your financial aid, leaving you responsible for all charges. You must advise the Director of Enrollment/Registrar in writing in order to withdraw officially. It is in your best interest to speak to the Financial Aid Office prior to withdrawal. NOTE: No loan refund check can be released if it is determined that a student has ceased attendance.

Federal Refund Rule (Return of Title IV Funds)

Federal Refund Rule (Return of Title IV Funds) jeff Wed, 08/11/2021 - 17:06

Withdrawal refund policy for student financial aid funds will be in compliance with regulations for Return of Funds of Title IV awards (Requirements of 34 CFR 668.22). The Department of Education mandates that unearned federal financial aid funds are returned to the specific program if a student withdraws from all coursework in a semester. The amount of the refund is determined by the days of the semester that the student was in attendance versus the remaining days (after withdrawal) until the semester ends.

Any unearned Title IV aid must be returned to the Federal government within 45 days of the date of determination of your withdrawal. Students are notified by mail of their debt to the Department of Education. This debt must be paid in a timely manner for the student to receive future financial aid.

Funds that are returned to the Federal government are used to reduce the outstanding balances in individual federal programs. Financial aid returned by you and/or your parent or the College must be allocated in the following order*:

  1. Federal Unsubsidized Direct Loan
  2. Federal Subsidized Direct Loan
  3. Federal Direct Parent Loan (PLUS)
  4. Federal Pell Grant

*Federal programs that the College does not participate in are not included in the distribution.

Contact the Financial Aid Office for more details regarding this policy.

State and/or Accrediting Agency Refund Rule
The State of Illinois has not established a mandated refunding rule for private colleges.
The Higher Learning Commission, as an accrediting agency, has not established a refund rule.

Student Academic Progression (SAP) and Financial Aid

Student Academic Progression (SAP) and Financial Aid jeff Wed, 08/11/2021 - 17:06

For information regarding how your academic progression can affect financial aid benefits, please see the Student Academic Progression Policy. Lakeview College of Nursing has one SAP policy that applies to all students.

Federal Student Financial Aid Penalties for Drugs/Law Violation

Federal Student Financial Aid Penalties for Drugs/Law Violation jeff Wed, 09/01/2021 - 14:26

Federal Student Financial Aid Penalties for Drugs/Law Violation
Under the Higher Education Act, students become ineligible for federal student aid upon conviction during any period of enrollment of any offense involving the possession or sale of illegal drugs. Federal aid includes Federal Stafford Loans, Federal PLUS Loans, and Federal Pell Grants.

Penalties for Drug Convictions
Possession of illegal drugs:

  Possession of illegal drugs Sale of Illegal drugs
1st offense 1 year from date of conviction 2 years from date of conviction
2nd offense 2 years from date of conviction Indefinite period
3+ offenses Indefinite period  


Sale of Illegal Drugs:
1. First offense: Two years from the date of conviction.
2. Second and subsequent offenses: Indefinite ineligibility from the date of conviction.

How to Regain Eligibility
If a student successfully completes a drug rehabilitation program, he or she can regain eligibility for federal student aid funds as of the day the student successfully completes the program.
To be sufficient to reinstate financial aid eligibility, the program must include at least two unannounced drug tests and satisfy at least one of the following requirements:
1. Be qualified to receive funds directly or indirectly from a federal, state or local government program.
2. Be qualified to receive payment directly or indirectly from a federally-or state-licensed insurance company.
3. Be administered or recognized by federal, state or local government agency or court.
4. Be administered or recognized by a federally- or state-licensed hospital, health clinic or medical doctor.

Note: the Department of Education has rescinded the student eligibility requirement and that the student no longer faces penalties or suspension of Title IV aid due to a drug conviction that occurred while the student was enrolled and receiving TITLE IV aid; and while the information must still be provided, the loss of federal student aid for drug convictions no longer applies.

Veteran's Education Benefits

Veteran's Education Benefits jeff Wed, 08/11/2021 - 17:06

There are important steps that you, the student, and LCN, as the certifying official, need to follow to ensure that you receive your benefits in a timely manner and that you do not receive over-payments that you are required to repay to the Dept. of Veteran Affairs. These steps are as follows:

  • When you apply or renew your benefits, all correspondence with the Federal Agency is with you, the veteran. LCN is not sent copies of your approvals or your certificates of eligibility. If you do not bring these in when you receive them, we will not know that you have benefits available to you.
  • Refer to this website concerning education benefits: https://www.va.gov/
  • Each semester when you enroll, you must:
    • Complete and return the LCN Veteran's Enrollment Certification Form to the Financial Aid office. The blank form will be emailed to you prior to the start of each semester.

If you withdraw, drop, or change credit hours in any way after your initial enrollment, you must contact the LCN Financial Aid office immediately so that we can contact the Dept. of Veterans Affairs to notify them of the change in hours. If this is not done, it can result in an overpayment of your benefits. Depending upon your Chapter benefits, the school may be required to return funds on your behalf, and you become responsible for the payment to the school. Please visit https://va.gov/manage-va-debt/ to manage your debt.

If you have questions regarding the amount of your entitlement, how many months you have left, or other inquiries, please call the Dept. of Veterans Affairs Regional Office at 1-888-442-4551. The school does not have access to this information.

If required by your Chapter enrollment, you will self-certify each month that you are enrolled in college at the Web Automated Verification of Enrollment (WAVE) https://www.gibill.va.gov/wave/index.do.

COMPARE THE PROGRAMS

If you are eligible for another benefit program as well as the Post-9/11 GI Bill® (Chapter 33), you should review the side-by-side comparison of benefits under each program. https://benefits.va.gov/GIBILL/comparison_chart.asp. While each individual's situation is different, this may help you determine which of the programs provide the most benefit for your individual situation. You should now have enough information to decide whether you want to apply for the Post-9/11 GI Bill® or another benefit program. Remember, if you give up another program to receive the Post-9/11 GI Bill®, it is an irrevocable choice - this means that once you have selected the Post-9/11 GI Bill®, you cannot switch back to the program you gave up. At this time, you also will have to determine which school you will apply to for enrollment. https://www.benefits.va.gov/gibill/school_decision.asp

NOTE: GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government website at https://www.benefits.va.gov/gibill

CONTACT INFORMATION

LCN Veteran's Certifying Official
Tammy Garza 217-709-0928 tgarza@lakeviewcol.edu

LCN Director of Financial Aid & Veteran's Education Benefits
Janet Ingargiola 217-709-0930  jingarg@lakeviewcol.edu
For the Online Brochure of Federal Benefits for Veterans, Dependents and Survivors 2018 Edition: https://www.va.gov/opa/publications/benefits_book.asp

AT VETERAN'S ADMINISTRATION - PHONE NUMBERS

  • Dept. of Veteran Affairs Regional Office 1-888-442-4551
  • Monthly Enrollment Certification 1-877-823-2378
  • General Information other VA Benefits 1-800-827-1000
  • POW/MIA Certification 217-782-3564  or 217-782-6641
  • Call Center: The Department of Veterans Affairs Education Call Center open for telephone calls Monday through Friday during normal business hours from 7:00 am to 8:00 pm Central Standard Time 1-800-827-1000

AT STATE OF ILLINOIS

Veteran's Illinois Contact https://www.va.gov/directory/guide/state.asp?State=IL&dnum=ALL


WEB PAGES FOR VETERANS AND/OR THEIR SPOUSE/DEPENDENTS