Manage your aid
New pupils admitted for the fall term might be offered help starting in late March. Coming back pupils can be obtained aid in mid-June, after the office has examined satisfactory scholastic progress. E-mail notifications are delivered as soon as help provides are published on eServices.
Financial aid amounts may vary from 12 months to 12 months and will be impacted by unique circumstances.
To carry on getting help, students must register the complimentary Application for Federal Student help by March 1 of every 12 months.
Educational funding disbursement
All federal and state aid that is financial for federal work-study is used straight to pupil records at the start of each term, along with many VCU scholarships.
After present fees have already been paid, any extra aid that is financial be mailed being 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 present term doesn’t pass to student accounts, including:
- Students hasn’t registered for sufficient credit hours. School funding prizes are derived from full-time enrollment for the year that is full12 credit hours per semester for undergraduates, nine credit hours per semester for graduates).
- Insufficient credit hours had been finished or satisfactory scholastic progress had not been maintained for the past semester.
- Some or most of the documents needed for the help to be disbursed is incomplete, or even the workplace of educational funding have not gotten necessary documents or confirmations off their sources.
Pupils should contact their aid that is financial counselor information regarding their help.
Uncommon enrollment history
Students whom received a Pell give or direct loan at numerous organizations into the four latest educational years could have their FAFSA flagged for uncommon enrollment history. The aid that is financial will undoubtedly be necessary to review enrollment history to find out or perhaps a pupil is enrolling just very long sufficient to get money refunds of federal pupil help.
Pupils could be expected to produce legitimate paperwork describing the explanation for their unusual enrollment history. If credit hours are not attained at each and every organization attended of these award years, pupils can be ineligible for federal school funding.
Title IV reimbursement
Pupils whom get a federal title iv grant or loan support and withdraw from VCU before completing 60 per cent associated with the semester should have their eligibility recalculated in line with the Federal Return of Title IV Funds formula.
This formula recalculates pupils eligibility in line with the amount of times enrolled/attended just before withdrawal. Any aid that is unearned be gone back to the right Title IV programs, together with student must pay all or a percentage regarding the funds which were disbursed for their account. Additionally they can be accountable for all or a percentage of this costs which were formerly paid by educational funding.
In case a pupil will not formally withdraw from all classes but does not make a moving grade in one or more course, federal laws need that individuals assume the student has РІР‚Сљunofficially withdrawn,РІР‚Сњ unless it could be documented that the student finished the enrollment duration. Unofficial withdrawals require a Title IV refund calculation in the midpoint of this enrollment period.
Please look at the VCU Policy Library to understand college’s formal policy on Title IV Refund (R2T4)
Payment of federal Direct and PLUS loans starts half a year after graduation or whenever pupil falls below half-time enrollment.
The length of payment and payment that is monthly will depend on the outstanding loan stability, the attention price and payment policies.
Perkins loans and loans that are alternative private loan providers have actually split payment policies. Go to the Loans page to get more details.
- School Funding Checklist
- Satisfactory progress that is academic
- Special Circumstances
Installment re re payment plan
Using the Installment Payment Plan, you can easily pay any balance that is remaining to VCU in four equal installments.