Need quick answers to your financial aid questions? We're committed to helping you understand the financial aid process.
What's the difference between a loan, scholarship and grant?
Loans must be repaid, usually with interest. We participate in the Federal Direct Student Loan Program, and students may apply by completing their FAFSA.
Scholarships and grants are awarded based on a variety of factors, including academic acheivement, talent, athletic ability, leadership, geographical location, field of study, and demonstrated financial need.
How do I accept or decline my financial aid award?
To accept or decline your financial aid award, please log-in to the myUVM portal. In the Student Financial Services section, click on “Accept/Decline Your Award” and select the appropriate award year.
If you have any trouble, or need to change your award decision after it has been submitted, please contact Student Financial Services at firstname.lastname@example.org or 802-656-5700.
What is UVM’s federal school code for the FAFSA?
The University of Vermont’s Federal school code for filing the FAFSA is 003696.
What kind of payment plans are available?
Aside from loan financing, scholarships, and grants, UVM offers a monthly payment plan, 529 payments, and direct payment options. Learn more on our Paying for UVM page.
How do I make an international payment through a wire transfer?
UVM has partnered with Flywire to streamline the tuition and fee payment process for international students. To complete the payment process, connect to Flywire.
How much can I borrow in federal loans?
If you're an undergraduate student:
- Up to $5,500 per year in Perkins Loans depending on your financial need, the amount of other aid you receive, and the availability of funds at your college or career school.
- $5,500 to $12,500 per year in Direct Subsidized Loans and Direct Unsubsidized Loans depending on certain factors, including your year in college.
If you're a graduate student:
- Up to $8,000 each year in Perkins Loans depending on your financial need, the amount of other aid you receive, and the availability of funds at your college or career school.
- Up to $20,500 each year in Direct Unsubsidized Loans.
- The remainder of your college costs not covered by other financial aid in Direct PLUS Loans. Note: A credit check is required for a PLUS loan.
If you're a parent of a dependent undergraduate student:
- The remainder of your child’s college costs that are not covered by other financial aid. Note: A credit check is required for a parent loan (called a PLUS loan).
*source: US Department of Education