Financial Aid Newsletter Spring 2016
Posted By: Clara Gregory - 4/27/2016 12:00:00 AM

WELCOME to the Spring edition of the Financial Aid Times.  Be sure to follow us on FACEBOOK! https://www.facebook.com/Vernon-College-Financial-Aid-199315716065/.

2016-17 FAFSA -  The time to apply for financial aid for the 2016-17 school year (Fall 16 – Summer 17) is now!!!  Complete a 2016-17 Free Application for Federal Student Aid (FAFSA) online at www.fafsa.gov.   

SUMMER PELL -  Students who enrolled full-time during the 2015-16 year have already received their scheduled Pell award and are not eligible for additional Pell funds. Students who attended less-than-full-time during the 2015-16 year, could possibly have remaining Pell eligibility from their first scheduled Pell award.  For more information, see the VC homepage and complete a Summer 2016 Pell Grant Review Form at http://www.vernoncollege.edu/financial-aid-forms.

TEXT MESSAGING – Did you know the financial aid office offers text messaging? Don’t miss out on important messages. Sign up today!  http://www.vernoncollege.edu/Text-Messaging

FINANCIAL AID BLOG – We want to provide you the financial support you need to afford your education and utilize various methods to keep you informed.  Check out our latest blog at http://www.vernoncollege.edu/Financial-Aid-Blog

STUDENT EMAILS - See the VC homepage for information on how to activate your account. Award notifications and status letters are sent to your VC email account. Instructions can be found at http://www.vernoncollege.edu/student-email.

HELP US HELP YOU – Over 4,300 students have applied for financial aid for the current school year and over 1,400 for the 16-17 school year.  How can you help?  If you have a question, access Campus Connect 24 hours per day at your convenience to check your financial aid status, view awards, etc. at http://www.vernoncollege.edu/how-to-check-your-financial-aid-status.

DATE TO REMEMBER - June 22, 2016– Fall 16 Financial Aid Priority Deadline

GOT QUESTIONS…..WE’VE GOT ANSWERS! – Check out Chap Assistance TV, Financial Aid 101 or Why I Chose VC videos on the VC Financial Aid homepage. You can also find out your processor contact information, announcements, disbursement dates, and other helpful information etc. at http://www.vernoncollege.edu/financial-aid-home-page

DON’T BE A SAP - Federal regulations require that students who receive financial aid make satisfactory academic progress (SAP).  Effective 2016-17, a student must maintain a financial aid cumulative GPA of at least 2.0, a cumulative successful pace of completion rate that is at least sixty-seven percent (67%) of all courses attempted at VC, and not exceed the maximum time-frame limit. The student’s Financial Aid Transcript that is located in Campus Connect under the Account Information option, and not the VC academic transcript, is the transcript used for all satisfactory academic progress calculations.  The financial aid cumulative GPA and the number of hours attempted and earned could be different than the student’s academic cumulative GPA and number of hours attempted and earned. This includes all periods of enrollment, even semesters in which the student did not receive financial aid.   If you fail to meet any of these standards, you will lose your eligibility for financial aid.  For more information, see the Financial Aid homepage http://www.vernoncollege.edu/satisfactory-academic-progress.

R2T4…..WHAT IS THAT??  If a student withdraws prior to completing 60% of the semester, a Return to Title IV calculation must be completed that determines how much aid the student actually earned.  This could result in the student owing money to VC, the federal government or both!  Contact the financial aid office prior to dropping classes or withdrawing. 

HAVE YOU BEEN TO COUNSELING…….exit counseling that is!  If you received a student loan you must complete this requirement before you graduate, drop below half-time enrollment, transfer to another school, or withdraw from VC.  Failure to do so will result in a hold against your record.  This requirement can be completed 24 hours per day at your convenience at http://www.studentloans.gov.
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