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Independent undergraduate students may borrow an additional amount of money up to $4,000 or $5,000 a year, depending on their year of study. However, through the unsubsidized loan program students can’t borrow more than the cost of attendance minus any other financial aid for which they are eligible.
Both the subsidized and unsubsidized loan eligibility amounts will be outlined on a student’s award letter.
Congress has recently approved changes to the federal education loan programs.
Beginning with the summer 2010 semester, all Stafford and PLUS loans will be processed through the William D. Ford/Federal Direct Loans Program (Direct Loans). Direct Loans provides Stafford and Parent PLUS loans to parents of dependent undergraduate students through the school, funded directly by the government.
PLUS Loans enable parents with good credit histories to borrow for each child who is enrolled at least half-time and is a dependent student. Parents who wish to apply for a PLUS Loan must fill out a PLUS Loan Request Form which is available through the financial aid office. A PLUS loan request form is automatically mailed with financial aid award notification letters. The yearly limit on a PLUS Loan is the cost of attendance minus any other financial aid for which a student is eligible.
Federal Aid Programs Administered by the College The Federal Supplemental Education Opportunity Grant (FSEOG) is a gift of money to assist students with the cost of their education. It is restricted to undergraduates and does not have to be repaid. The maximum amount awarded is $4000, the amount awarded depending on a student’s need and the availability of funds at Vermont Tech. Average loans range from $600 to $1600 per year. Students who are eligible for Pell grants have first consideration for this fund.
The Federal Perkins Loan Program is a low-interest (5%) loan made directly to eligible students by the college from federal funds received for this purpose. If qualified, a student may borrow up to $15,000 during four years of college. At Vermont Tech, average loans range from $600 to $2,000 per year.
The Federal Work-Study Program (FWS) is a federal work program administered by Vermont Tech which provides jobs for students on or off campus. Average awards range from $1,200 to $1,600 for the year, which translates to approximately 10-14 hours of work per week. Students may also use FWS funds for off-campus community service placements.
Federal Work-Study earnings are not credited on a student’s bill. Instead, a student worker receives a paycheck every two weeks.
State Vermont Incentive Grants are awarded on the basis of financial need. Any full-time undergraduate Vermont resident who plans to attend or is enrolled in an approved postsecondary institution and who has not already received a bachelor’s degree is eligible to apply.
Financial Aid Students are required to file supplemental information to the Vermont Student Assistance Corporation (VSAC) to be considered for a Vermont State Grant. On-line access is available at www.vsac.org Grants from other states include Maine, New Hampshire, Rhode Island, Connecticut, and Massachusetts. These states offer undergraduate grants or scholarships usable at Vermont Tech. Vermont Tech encourages all students eligible for these grants to apply for them.
Contact the financial aid office or your high school guidance office to find out which states require supplemental information.
Veterans’ Education Benefits Vermont Tech programs are approved by the Vermont State Approving Agency, Office of Veterans’ Affairs. These benefits are generally available to veterans who are separated from active duty within the past ten years; veterans with service-connected disabilities; and the sons, daughters, spouses, and widows or widowers of deceased or totally disabled veterans.
Veterans’ Benefits GI Bill: Educational benefits are available to any honorably discharged veteran who enlisted for active duty and was on active duty for at least 181 consecutive days. Students must make application to the Veterans Administration. The Department of Veterans Affairs GI bill web site, www.gibill.va.gov is the comprehensive resource for those interested in learning about and applying for these benefits.
Additional information and assistance with applying for benefits is available from the Office of the Registrar and the Business Office.
First payment from the Veterans Administration normally takes 4-8 weeks from the beginning of the first term. After that, checks are normally received monthly.
The Vermont National Guard State Educational Assistance Program provides tuition assistance to eligible members of the Vermont National Guard who are enrolled in undergraduate degree and diploma programs at public colleges in Vermont.
Other Scholarships administered by the college, including the Vermont Tech Scholars program, are available to students who meet the criteria set for each. Contact the Office of Financial Aid for information about scholarships appropriate to your situation or go to the financial aid page on the college website at www.vtc.edu.
Vermont Tech also has institutional grants which are awarded based on financial need and/or merit.
Financial need is determined by using the same criteria used for awarding campus-based aid. The maximum amount awarded depends upon the availability of funds, as well as student needs.
Satisfactory Academic Progress (SAP) Federal statutes and regulations require that recipients of federal financial aid must progress at a pace to ensure students complete their degrees with the maximum time frame allowed and must be in good standing based on cumulative GPA requirements.
Students will be reviewed on a semester basis. Students not making SAP (either the pace or the GPA requirement) as described below will lose their financial aid eligibility for all aid types. Students will have to successfully appeal to the Director of Financial Aid in order to continue to receive Title IV aid despite failing SAP standards. Students who are academically dismissed from their programs are automatically recognized as failing to meet SAP standards.
All semesters of enrollment, including summer, must be considered in the determination of SAP, even periods in which the student did not receive federal student aid funds.
1. Pace/Time Progression Students must successfully complete 67% of their attempted courses within the VSC as recorded and documented by the Registrar’s Office. Dropped courses will not be included. Courses from which the student is withdrawn after the end of the add/drop period will be counted toward attempted courses. For financial aid eligibility, total hours attempted, including transfer credits Financial Aid counted toward the degree, can not exceed 150% of graduation requirements. As an example: if you attempt/enroll in 12 credits for one semester, you must successfully complete 8 of those 12 credits (12 x 67%=8).
2. GPA Requirement Students with fewer than 30 attempted credits must maintain a cumulative GPA of 1.75. Students with 30 attempted credits or greater must maintain a cumulative GPA of 2.0 as recorded and documents by the Registrar’s Office.
3. Maximum Time Frame The maximum time frame for students to complete their academic program may not exceed 150% of the published length of the program, measured in credit hours. As an example: If your associate degree program requires 68 credits, the maximum time frame allowed to complete the program would be 102 credits* (68 x 150%=102). *Please note that different programs have different degree requirements. Consult the catalog description for your specific degree program requirements.
Students who have reached the maximum time frame will not be eligible for federal financial aid.
Appeal Process An appeal is the process by which a student who is not meeting VTC’s SAP standards can petition the school for reconsideration of Title IV eligibility.
A Vermont Tech Satisfactory Academic Progress Appeal form will be sent to each student not making SAP. The form will explain how the student has failed to meet SAP and the steps that the student needs to take to appeal the loss of financial aid. To appeal, students will have to complete the form and submit it, along with all supporting documentation, to the Director of Financial Aid. As part of the appeal, the student must include information regarding why they failed to make SAP and what has changed in their situation that would allow the student to demonstrate SAP at the next evaluation. An appeal must be based on significant mitigating circumstances that seriously impacted academic performance. Examples of mitigating circumstances are: serious illness, severe injury, death of a family member, and other similar situations.
Approval will be based on the likelihood that the student will meet SAP at the next review. Please note that merely filing an appeal does not guarantee continued eligibility for federal aid. Students should make every effort to improve their SAP standing, as they will be limited to two SAP appeals.
If a student’s appeal is approved, the student will be considered for federal aid during the probationary periods for which the student has applied and is otherwise eligible. Once the probationary period has concluded, the student may re-establish eligibility to be considered for federal aid for a subsequent semester by meeting SAP standards.
Financial Aid Probation: a status assigned by the school to a student who fails to meet SAP and who has appealed and has had eligibility for aid reinstated Financial Aid Warning: a status assigned to a student who fails to make SAP. The student may continue to receive Title IV aid for one payment period. No appeal is necessary for this status. Students receive a warning that they need to bring their academic standing up to satisfy academic progress standards in their following semester as outlined or they will lose their eligibility for aid.
Appeal Denial: if an appeal for federal financial aid is denied, the decision is final for that semester. The student may re-establish eligibility to be considered for federal aid for a subsequent semester by taking action that brings compliance with the GPA and pace/time progression components of VTC’s SAP policy standards.
Special Circumstances Students with documented disabilities may be allotted additional time for completion of courses.
Change in Degree Program All credits earned at VTC plus transfer credits will be normally be counted when the student changes degree programs. Each case will be evaluated on its own merit. Students may not extend their period of enrollment by changing their majors after accumulating maximum credits for a program.
Financial Aid Grades and Credits Courses with grades of W (withdrawn), I (incomplete), or F (failed) are counted as courses attempted but not earned and are also counted toward the maximum time frame.
Credits earned for repeated courses and remedial coursework will not count toward academic progress. Courses graded solely on a pass/fail basis that are accepted toward the academic program are included when measuring academic progress.
Transfer Students Transfer credits, whether accepted toward the student’s academic program or not, are counted when measuring time progression but do not impact the GPA.
Review of Awards The Director of Financial Aid reserves the privilege of reviewing and revising awards.
Therefore, the applicant should notify the Office of Financial Aid immediately if there is a change in either the student’s or the family’s financial situation. This includes the receipt of non-college scholarships. Financial aid awards may be adjusted upon receipt of such items as family contributions, grants, outside scholarships, and loans. In order to be eligible for financial aid, such resources may not exceed the total costs of attending VTC.
If a student receives an outside scholarship that the college does not know about at the time an award letter is prepared, he or she will be issued a revised award reflecting an adjustment to avoid an over-award situation. Any initial adjustment will be reflected in unmet need, then the self-help (loan and work) before the gift aid portion of the financial aid package is adjusted.
Most financial aid awards are based originally upon the assumption that a student will enroll as a full-time student (12 or more credits per term), unless he or she has notified us to the contrary. If a student changes his or her status from full- to part-time enrollment, an aid adjustment may result.
Notice of Federal Student Financial Aid Penalties for Drug Law Violations Per Federal Financial Aid Regulations 34 CFR 668.40, HEAO Sec. 488(g), amended
HEA Sec. 485 (20 U.S.C. 1092), HEA Sec. 485(k):
In compliance with the above regulation, this statement serves as notice that a student who has a drug conviction for any offense, during a period of enrollment for which the student was receiving Title IV HEA program funds (Federal Pell, Supplemental Education Opportunity Grant, Federal Work-Study, Federal Perkins Loan, Federal Stafford Loans, Federal PLUS Loans, Federal Grad PLUS Loans) under any federal or state law involving the possession or sale of illegal drugs will result in the loss of eligibility for any Title IV program funds (see above listing of program funds).
General Education Requirements
General Education Requirements The goals of Vermont Tech’s general education component, within both the prescribed and the elective areas of the curriculum, are designed to foster within each student an appreciation for the major domains of human achievement; to provide a common educational experience;
to refine critical thinking, writing, information literacy, and communication skills; to nurture civic responsibility; to celebrate diversity and common values; to foster life-long learning;
and to produce a well-rounded graduate.
The college does not guarantee that general education or elective courses will be available and reserves the right to withdraw or restrict any offering if registration exceeds class capacity, an insufficient number of students enroll in the course, or the availability of faculty or other resources are limited. This does not waive the imperative for students to complete each requirement prior to receiving a degree.