Fall 2017 Financial Aid Times
Posted By: Melissa Elliott - 12/6/2017 12:00:00 AM

WELCOME to the Fall edition of the Financial Aid Times.  Be sure to follow us on FACEBOOK! Like our page and/or visit regularly for recent news and scholarship opportunities. 


BIG FAFSA CHANGES FOR 2018-19 – The 2018-19 FAFSA is available NOW!! Students have been able to file a 2018-19 FAFSA since Oct. 1, 2017. The earlier submission date is a permanent change, enabling students to complete and submit a FAFSA as early as Oct. 1 every year.  On the 2018–19 FAFSA, students (and parents, as appropriate) must report their 2016 income information, rather than their 2017 income information.


DON’T BE A SAP!!!!  Federal regulations require that students who receive financial aid make satisfactory academic progress (SAP).    At VC that means a student must maintain a cumulative GPA of at least 2.0, must have a successful pace of completion rate that is at least 67% of all courses attempted, and must not exceed the maximum time-frame limit.  This includes all periods of enrollment, even semesters in which the student did not receive financial aid.  If you fail to meet these standards, you will lose your eligibility for financial aid.  VC monitors SAP at the end of each semester and notifies students of their status via Campus Connect.   


HELP US HELP YOU!!!  The Campus Connect feature that is available from the VC website, allows students to check their financial aid status, see how much financial aid they have been awarded and/or used, check their SAP status, view their grades, register for classes, check their account status, and print an unofficial transcript and/or class schedule.  All you need is your user name and password that was assigned by the Admissions Office.  Contact the Admissions Office for more information. 


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.  STAY IN SCHOOL!!!


2017-18 SCHOLARSHIP DEADLINE – Apply at http://www.vernoncollege.edu/scholarships by March 1, 2018.


TEXT MESSAGING - Did you know that financial aid offers text messaging? Don't miss out on important messages. Sign up today. For more information see http://www.vernoncollege.edu/Text-Messaging.


WOW!  Last year 3,094 students received over $14.9 million dollars in financial aid!


SAY WHAT???  Each month the financial aid office posts a Blog with helpful tips, upcoming changes, and information on the exciting world of financial aid. For more information see http://www.vernoncollege.edu/financial-aid-home-page.


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.  Exit counseling, as well as information and guidance to help you understand how to manage your student loan debt and repay your loans, is available 24 hours per day at http://studentloans.gov. Other valuable information about your loans is available at http://www.nslds.ed.gov









Melissa Elliott – Director

Jeanne Ballard – Assistant Director

Debbie Alexander – Financial Aid/VA Coordinator

Aletha Newman – Student Loan Coordinator

Rosa Alaniz - Processor  

Sharon Anderle – Processor

Nancy Arnold – Processor

Ellen Binion – Processor

Malinda Fleming - Processor

Crystal Wells - Processor

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