University of Vermont

2007-08 Online Catalogue

Academic Policies and General Information

Financial Aid for Undergraduate Students

The University has many programs to help finance a UVM education. These include financial aid awards for students with a demonstrated need for financial assistance and Scholarship awards for students whose academic achievements and other accomplishments and qualities promise to enrich the University in exceptional ways.

For more information, visit the Student Financial Services Web site Link out of catalogue site..

Financial Aid

The Student Financial Services Office works to forge a working partnership between federal, state, and private educational funding sources, the University, and our students. We're also committed to helping students learn more about sound personal financial management and about the rights and responsibilities associated with financing a university education.

For any questions about financial aid here at UVM, please do not hesitate to contact us via the information below:

Phone: 802-656-5700
Email: studentfinancialservices@uvm.edu
Fax: 802-656-4076

Eligibility

Students who wish to be considered for assistance in meeting their University expenses with student loans, grants, or employment should consider applying for federal, state, and University financial aid. To be eligible to apply for financial aid, a student must be a U.S. citizen or a permanent resident. (Limited financial aid funding is available for international students; inquiries should be made to the Scholarship Coordinator in the Admissions Office.) To be considered for aid, a student must also be enrolled at least half-time (six credits) in a degree program. Audited credits or Credits by Examination cannot be considered as part of the credits in determining financial aid eligibility.

Application Procedures

Incoming first-year and transfer students who wish to apply for aid may do so by completing and mailing the Free Application for Federal Student Aid (FAFSA) after January 1 and before February 10th; and providing any verification documentation requested by the UVM Office of Financial Aid. Returning UVM students should complete their FAFSA between January 1st and March 1st. Applications submitted after these dates will be processed in chronological order, subject to the availability of funds. In addition to following the procedures listed above, all students should apply to their state financial aid grant agency for assistance. Vermont students should apply to the Vermont Student Assistance Corporation (VSAC), P.O. Box 2000, Winooski, VT 05404.

The Financial Aid Package

The University of Vermont participates in all federal and state financial aid programs and must adhere to their requirements. Additionally, the University makes available a variety of grant and loan opportunities from its own operating and endowment funds. While federal and state aid is based exclusively on student need, eligibility for University funds is based on student need and on the strength of the applicant's academic record. Applicants will be considered for all aid programs for which they are eligible. Aid is most often awarded in combinations or “packages” of the various types of aid. Almost all awards will include some student loan.

Student loans are available to all students regardless of need in the form of Unsubsidized Federal Stafford Loans. To be considered, however, a student must APPLY for aid. After a determination of eligibility has been made by the Financial Aid Office, students will be notified if they qualify for "need-based" aid or for an Unsubsidized Federal Stafford Loan.

In the awarding of UVM institutional financial aid funds, a student's academic record is taken into consideration. Federal and state financial aid funds are allocated solely on the basis of student and parent financial need.

Satisfactory Academic Progress Standard for Financial Aid Recipients

In order to maintain eligibility for federal Title IV financial aid, matriculated undergraduate and graduate students must progress at a rate that ensures completion of their degree programs within a reasonable time frame. Beginning with the first semester of study in a degree program at The University of Vermont, a federal financial aid recipient is required to accumulate earned hours totaling at least 75 percent of the number of hours attempted. Each student's progress will be measured at the end of each year of attendance to ensure adherence to this standard.

Beginning with the third academic year (after the achievement of 60 credit hours), all students must have attained at least a 2.0 overall cumulative grade-point average in order to continue to qualify for assistance.

Any student not meeting the standard described above will be placed on Financial Aid Probationary Status for a one year period (during which aid eligibility will be maintained). Should the student not meet the required credit standard or cumulative grade point average standard by the end of that probationary year, the student's eligibility for additional financial aid will be withdrawn until the student has met the required standard.

Students whose aid is withdrawn for not maintaining academic progress according to the standard outlined above may appeal their loss of aid by writing to the Office of Student Financial Services. The decision to withhold aid eligibility will be reviewed by an appeals committee for circumstances which warrant special consideration. Such circumstances may include but are not limited to medical emergencies or family crises which resulted in the student's not meeting the stated requirements.

Contact UVM © 2014 The University of Vermont - Burlington, VT 05405 - (802) 656-3131