Division of Strategic Enrollment Management. Remain as much as date along with your aid that is financial throughout procedure.

Educational Funding

Manage your aid

Awarding process

New pupils admitted for the autumn term might be offered help beginning in late March. Going back pupils are available aid in mid-June, following the workplace has examined satisfactory scholastic progress. Email notifications are delivered as soon as help provides are published on eServices.

School funding amounts may vary from 12 months to 12 months and certainly will be afflicted with unique circumstances.

To carry on aid that is receiving pupils must register the complimentary Application for Federal Student help by March 1 of every 12 months.

Massachusetts title loans

Educational funding disbursement

All federal and state aid that is financial for federal work-study is used straight to pupil reports at the start of each term, along with many VCU scholarships.

After present costs have already been compensated, any extra financial aid will be mailed as a check, unless students sets up Direct Deposit bank authorization to a bank-account.

Unapplied aid that is financial

There are many reasons aid that is financial the existing term will not pass to student reports, including:

  • Students have not registered for enough credit hours. School funding honors derive from full-time enrollment when it comes to complete 12 months (12 credit hours per semester for undergraduates, nine credit hours per semester for graduates).
  • Inadequate credit hours had been finished or satisfactory educational progress had not been maintained when it comes to past semester.
  • Some or most of the documents needed for the help to be disbursed is incomplete, or perhaps the workplace of educational funding hasn’t gotten necessary documents or confirmations off their sources.

Pupils should contact their school funding counselor for facts about their help.

Uncommon enrollment history

Pupils whom received a Pell give or direct loan at numerous organizations into the four newest scholastic years could have their FAFSA flagged for uncommon enrollment history. The aid that is financial will soon be necessary to review enrollment history to find out perhaps the pupil is enrolling just very long sufficient to get money refunds of federal pupil help.

Students might be expected to present documentation that is valid the explanation for their uncommon enrollment history. If credit hours are not attained at each and every organization attended over these award years, students can be ineligible for federal aid that is financial.

Title IV reimbursement

Pupils whom get a federal title iv grant or loan help and withdraw from VCU before doing 60 per cent associated with the semester will need to have their eligibility recalculated in line with the Federal Return of Title IV Funds formula.

This formula recalculates students eligibility on the basis of the quantity of times enrolled/attended just before withdrawal. Any unearned aid must be came back to the right name IV programs, as well as the pupil need to pay all or a percentage regarding the funds which were disbursed for their account. They even could be in charge of all or a percentage for the fees which were formerly compensated by educational funding.

In case a pupil will not officially withdraw from all classes but does not make a moving grade in a minumum of one program, federal regulations need that individuals assume the pupil has “unofficially withdrawn,” unless it could be documented that the pupil finished the enrollment duration. Unofficial withdrawals need a Title IV reimbursement calculation in the midpoint of this enrollment duration.

Please go to the VCU Policy Library to start to see the college’s formal policy on Title IV Refund (R2T4)

Loan repayment

Payment of federal Direct and PLUS loans starts half a year after graduation or whenever a learning pupil falls below half-time enrollment.

The size of payment and payment quantities is based on the outstanding loan stability, the attention price and payment policies.

Perkins loans and loans that are alternative personal loan providers have actually split payment policies. Look at the Loans web web page to get more details.

  • Educational Funding Checklist
  • Satisfactory educational progress
  • Appeals
  • Unique Circumstances

Installment re payment plan

Utilizing the Installment Payment Arrange, you are able to spend any remaining stability owed to VCU in four equal installments.