University of Vermont

Student Financial Services

Prospective Student Timeline for Applying for Financial Aid

Follow this general timeline to make sure you meet all deadlines and fulfull all requirements for financial aid for the upcoming academic year.

Fall Semester (Prior to year you will start at UVM)

  • Research scholarship opportunities in your local community. Your high school guidance office is a great place to start! Vermont residents should review the VSAC Scholarship Book available online at www.vsac.org . Pay close attention to application deadlines.

January

  • Begin applying for financial aid by completing the Free Application for Federal Student Aid (FAFSA) online (www.fafsa.gov). UVM’s priority financial aid deadline is February 10 for incoming students. Complete your FAFSA in January to receive priority consideration for available student financial aid programs.
    • Taxes not done yet? Don’t worry you may estimate your income on the FAFSA. Be sure to update your FAFSA once your taxes are complete.
  • Apply for state grants. Vermont Residents, visit www.vsac.org to apply online for a Vermont State Grant. Residents of other states, check with your state grant agency to determine if there are any other applications you must complete.

February

  • February 10 is UVM’s priority financial aid deadline — make sure your FAFSA has been submitted!
  • Begin keeping a financial aid folder for all of your important papers. Include copies of all applications, taxes, and letters you receive.
  • Look for your Student Aid Report (SAR) which is a summary of the information reported on the FAFSA. Review your SAR for accuracy and make corrections to your FAFSA as needed.
  • Monitor the status of your financial aid application online. Additional information may be requested. Send any requested information promptly.

March

  • Continue to monitor the status of your financial aid application online. Additional information may be requested. Send any requested information promptly. Do not send any documentation unless requested.
  • Late March — UVM begins generating financial aid awards for incoming students whose FAFSA was filed on time and who have supplied all requested information in a timely manner. Students are notified by email when a financial aid award is ready to view online. Notice is also sent to the parent email address that is listed on the FAFSA.
  • Carefully review the financial aid award. Information about different types of aid can be found here.
  • If you plan to utilize any loans that have been offered, review the information on our financial aid page about completing loan promissory notes, entrance counseling and other requirements. Complete the items listed for the loans you plan to borrow.
  • While our priority deadline has passed at this point, it’s not too late to file your FAFSA, if you haven’t already done so, to be considered for any available financial aid.

April

  • Award notifications will begin to arrive from state grant agencies. If you are an out-of-state resident, please notify Student Financial Services if you will be receiving a state grant. Vermont residents do not need to notify Student Financial Services, as the information will be sent to us directly from VSAC.
  • Notify Student Financial Services of any outside scholarships that have been awarded to you.
  • If you completed your FAFSA with estimated income information, update your FAFSA once your 2010 Federal Tax Returns are complete.
  • If you have not yet submitted all requested documentation, do so as soon as possible. Review your requirements online. Students with missing documentation will receive a tentative financial aid award in April. An email notification will be sent to the student and parent once this tentative award is ready to view. All outstanding documentation will need to be submitted and reviewed before the tentative award can be made final.
  • Contact UVM Admissions if you have questions about the deadline to accept your offer of admission.

May

  • If you are joining the UVM community — Congratulations and Welcome!
  • Take a moment to review our Student Success Checklist to get ready for your first semester at UVM!

June

  • Once you receive notification that you should accept and/or decline your financial aid award, login to your student account to do so, and complete any remaining requirements for the aid you accept. Some requirements may not become available on your account until after you have accepted your aid.
  • Federal Parent PLUS and Graduate PLUS Loan applications will become available during this month. For those who accept one of these loans, information will be emailed on how to complete the federal application for the loan. The application should be completed as soon as possible once notification to do so is received.

July

  • When you receive your tuition statement, issued around mid-July for most students, check it to make sure your financial aid is listed as payment toward the account or as pending aid.
    • For pending aid, make sure you have completed all associated requirements (promissory notes, loan entrance counseling, applications). View your requirements by logging into your myUVM account and selecting "Review Your Requirements" from the Student Financial Services section.
    • If any expected aid is not listed on your statement, contact Student Financial Services.
    • If 'CR' is noted next to your balance due, this means that your financial aid is expected to overpay your direct charges, resulting in a credit balance, and you will be due a refund for that credit after all aid processes. Set up a direct deposit account for your refund! Refunds are processed no earlier than 10 days before classes start. You can use your refund for education related expenses, such as living expenses, books and supplies. A refund will issued for the overpayment as follows:
      • To the student if no loans are borrowed or if the student is the borrower on all loans.
      • To the parent if a Federal Parent PLUS Loan is being borrowed on behalf of the student; the parent will receive a refund up to the amount of the PLUS Loan and any remaining refund will be issued to the student. If the parent borrower requested on the Federal Parent PLUS Loan application that any overpayment should be released to the student, the full refund will go to the student.

Last modified September 20 2012 01:17 PM

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