General Information

» What are the deadlines to apply for Aid?
» What are the different types of Aid?
» What is the La Salle overaward policy?
» What is verification?
» What is an independent student?
» Office Hours and Telephone Numbers?
» What is my aid eligibilty if I am in a preparatory program or am taking prerequisites to get into a Master’s program?
» What is my aid eligibility if I am in the Teacher Certification Program?
» What is my aid eligibility if I am in the ESL Certification Program?
» What is my aid eligibility if I am taking Post-Master’s classes in Psychology for state licensure?
» What is my aid eligibility if I am taking courses for a graduate certificate program?
» What if I withdraw from all my courses?
» What are some of the reasons I might see a change in my financial aid package from last year?
» What does my acceptance status mean to me, and how does it affect my financial aid eligibility? 

Scholarships, Grants, Discounts, and Tax Credits

» What about scholarships for returning students?
» What is the Hope Scholarship/Lifetime Learning Credit?
» What is the PA New Economy Tech Scholarship?
» What about my PHEAA State Grant?
» What is the discount for Catholic School teachers?

Student Jobs On Campus

» How do I apply for Budget jobs?
 » How do I apply for Federal Work Study jobs?

Co-ops and Study Abroad Programs

» How do I get aid for study abroad?
» What if I do a co-op?

Credit Balances: Refunds and Money for Books

» What if I need money for books?
» How do I get my refund and money for books?

Reading Bills: Memos and Credits

» What are those credits and memos on my bill?

Special Circumstances and Academic Progress

» I have special circumstances, what do I do?
» What academic progress must I make?
» Will I be eligible for financial aid if I repeat a course that I already passed?

Employee Tuition Benefits

» What are the employee tuition benefits?
» What are the tuition benefits for employee dependents?
» What is Tuition Exchange?

Accessing Information Online

» How can Brother Luwis answer my aid questions?

What are the Hope Scholarship and Lifetime Learning Credit?


What Is the Hope Scholarship?
The Hope Learning credit is a nonrefundable tax credit, not a scholarship or tax deduction. Tax credits are subtracted directly from the tax a family or student owes, while tax deductions are subtracted from taxable income. To receive the Hope tax credit, a family or student must file a federal tax return and owe taxes. Families and students that don't pay taxes cannot receive money from the Hope credit. If a family or student owes less in taxes than the amount of Hope tax credit they are eligible for, they can only receive a credit equal to the amount of taxes owed.

For more information, including eligibilty requirements, please refer to the IRS website.

What Is the Lifetime Learning Tax Credit?
The Lifetime Learning Credit is a nonrefundable tax credit available to individuals who file a tax return and owe taxes. The amount of the credit is subtracted from the taxes owed, rather than reducing taxable income as with a tax deduction. Individuals who do not pay taxes are not eligible for a Lifetime Learning credit. If a taxpayer owes less in taxes than the amount of Lifetime Learning tax credit they are eligible for, they are only eligible for a credit equal to the amount of taxes they owe.

For more information, including eligibilty requirements, please refer to the IRS website.