Financial Aid and Bill Payment

• The Importance of Submitting Information on Time
• Full-Time vs. Part-Time Enrollment
• Awards from Outside UVM
• Work-Study
• Credit Balances Due to Financial Aid

The Importance of Submitting Information on Time

Many students are eligible for some form of financial aid. Although Student Financial Services makes every effort to finalize the award for which a student is eligible, sometimes that cannot be completed before the student account statements are posted in July and December. It is your responsibility to submit all requested information to Student Financial Services in a timely manner so that an appropriate and final determination of your award eligibility can be made.

If your financial aid award is not finalized by the payment due date, your student account balance is considered to be due in cash. You may wish to establish a payment plan with Tuition Management Systems, who can be reached at (800) 722-4867. The Payment Plan can be revised once your financial aid award is determined.

Please view the online Financial Aid Handbook which explains the various types of financial aid and the required application procedures in detail. You may also contact Student Financial Services with specific questions.

Full-Time vs. Part-Time Enrollment

Remember that the amount of financial aid you are awarded is affected by whether you are enrolled full-time (12-18 credit hours) or part-time (less than 12 credit hours). If you change the number of credit hours in which you are enrolled, there may be a change in the amount and types of financial aid for which you are eligible.

Awards from Outside UVM

Students often receive outside scholarships or other financial assistance that are awarded from agencies other than UVM. Examples include a PTA/PTO scholarship, a grant from your local Kiwanis Club, or employer-provided educational assistance from a parent's employer. We can defer the portion of your student account balance that will be covered by this kind of assistance, if you provide us with a copy of the award or notification letter. Outside awards may affect your financial aid eligibility.

Work-Study

Federal Work Study is a need-based financial aid program, and if eligible a student will be awarded the fund in the financial aid award. If Work-Study is not part of your financial aid award offer, you are not eligible for the program for the year. Any student who utilizes Work-Study will be paid twice monthly for the hours worked. Please visit UVM’s Federal Work Study web page to learn more about this program.

Credit Balances Due to Financial Aid

For more information, see Credits & Refunds.

Last modified September 30 2010 01:34 PM