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Student Financial Services

Returning Student Timeline for Applying for Financial Aid

Follow this general timeline to ensure you stay on top of your financial aid requirements for the next academic year.

During the Fall Semester...

  • If you are receiving a private scholarship, take a moment to review whether or not it’s renewable. Do you need to reapply?
  • Consider searching for external scholarships — to get started, review our external scholarship resources.

January

  • Begin re-applying for financial aid by completing the Free Application for Federal Student Aid (FAFSA) online. UVM’s priority financial aid deadline is March 1 for returning students. Complete your FAFSA as soon as possible after January 1 to receive priority consideration for available student financial aid programs.
    • Taxes not done yet? Complete the FAFSA using your estimated income information. 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

  • Keep a close eye on your UVM e-mail account. We’ll send you an e-mail when your FAFSA is received and if any additional information is required.
  • Monitor the status of your financial aid application online. Additional information may be requested. Send any requested information promptly.
  • 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.
  • If you haven’t filed your FAFSA yet, do so right away! Your FAFSA must be received by the federal processor by March 1st to receive priority consideration.

March

  • While our priority deadline has now passed, it’s not too late to file your FAFSA and be considered for available financial aid.
  • Continue to monitor your account online and provide any requested information to Student Financial Services as promptly as possible.

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 Federal Tax Returns are complete.
  • If you have not yet submitted all requested documentation, do so as soon as possible. Review your requirements online.

May

  • Continue to monitor your email and your financial aid account, and submit any requested documentation promptly. Your financial aid award may be delayed if documentation is submitted late.

June

  • Monitor your email for notification of your financial aid award. If you have not submitted all requested documentation, you will not receive a financial aid award until you have done so.
  • Once you receive notification of and view your financial aid award, accept or decline any offered aid, and complete any requirements associated with the aid you accept.
  • Take a moment to review our Student Success Checklist to make sure you're ready for the new year.

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 01:20 PM

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