All grants, loans and scholarships are available for a student’s tuition, fees, and bookstore charges when their financial aid file is complete and the awards have been posted to their Vernon College account. The amount of financial aid a student receives is based on their enrollment status, and awards will be adjusted accordingly. A course’s eligibility for financial aid purposes is based on its start date, i.e. a Fall II, Spring II, or Summer II course will not be included in a student’s enrollment status until that particular course begins. Therefore, a student’s enrollment status can change throughout the 16 week semester and their grants will be adjusted accordingly. Students who fail to establish eligibility (do not begin attendance in each class or do not attend classes through the official count day) will have their financial assistance reduced or cancelled. Students who completely withdraw before 60% of the semester is completed may also have their aid reduced.
All financial aid awards will first be applied to the balance due at Vernon College before being issued to the student. Your Chaparral ID Card may be tied to an optional checking account at the Herring Bank if chosen for financial aid disbursements or other refunds due from Vernon College. If you would like to designate an existing bank for your direct deposits, you may do so through MyVC. Those who do not designate a direct deposit account will be mailed a check to the address on record with Vernon College.
Please allow 24-48 hours for your direct disbursement to process to your account.
All Financial Aid will be disbursed according to the following schedule:
September 16, 2016 – All Fall and Fall I loans (excluding first year, first time borrowers), grants, & scholarships will be disbursed
September 23, 2016 – All Fall and Fall I loans for first year, first time borrowers will be disbursed
November 4, 2016 – All Fall II loans (excluding first year, first time borrowers), grants, & scholarships will be disbursed
November 18, 2016– All Fall II loans for first year, first time borrowers will be disbursed
December 16, 2016--All December Mini loans, grants, & scholarships will be disbursed