2013-14 Financial Aid Terms and Conditions
The financial aid programs listed below may be available to assist you in meeting your educational expenses during the 2013-14 academic year. Awards are determined based on the information you submitted on your FAFSA. Please note if an aid type described below is not listed on your award letter you are not eligible.
Grants and scholarships do not need to be repaid whereas you are obligated to repay any loans you borrow. Please refer to the 2013-14 Understanding Your Award and Next Steps for additional information.
- Pell Grant - Pell Grants are need based grants awarded to eligible matriculated undergraduate students based on the Expected Family Contribution (EFC). Pell Grant amounts for 2013-14 range from $605-$5,645 for students enrolled full-time.
- SEOG - Supplemental Educational Opportunity Grant (SEOG) is awarded to students based on need and availability of funding, priority goes to Pell eligible students. SEOG amounts generally range from $500 - $2,500.
- JSC Grant - Institutional funds are awarded to undergraduate students based on need and availability of funds, priority is given to students who apply by JSC’s priority deadlines. JSC Grant amounts generally range from $400 - $2,500.
- VSAC Grant - This grant will appear as an estimate unless VSAC has notified us of your grant amount. This is a state-funded grant available to in-state students based on need. It is determined by the Vermont Student Assistance Corporation (VSAC). You must apply directly to VSAC for this grant at www.vsac.org.
- Direct Loans - Direct Student Loans are offered as subsidized or unsubsidized. The Direct Subsidized Loan is a long-term, low-interest loan; 3.4% (subject to change, pending congressional action); the federal government pays the interest while a student is enrolled at least half time (6 credits). The Direct Unsubsidized Loan is a long-term, low-interest loan (6.8%); the federal government does not pay the interest while the student is enrolled. The unsubsidized loan is available to students who do not qualify for part of or the entire subsidized loan. Graduate students are eligible for only unsubsidized loans. See maximum loan amounts.
- Perkins Loan - Federal low-interest loan (5%) with no interest accrual while the student is enrolled at least half- time. It is awarded based on need and fund availability, with priority given to Pell eligible students. Award amounts generally range from $500-$1500.
- Federal Work-Study - Work-Study funds are earned through on campus employment. Earnings cannot exceed the amount awarded per semester. Earnings can not be applied towards your bill, but are for your personal use. It is up to the student to obtain employment within the first three weeks of the semester. Work-Study awards are generally $1,500 for the academic year.
Eligibility for the aid programs listed is based on data we received at the time of awarding. You may have submitted corrections to the federal processor that we have not received and therefore have not been considered. Please note we are not responsible for changes in federal and state funding levels that could require aid adjustments.
*Remember if your award does not include aid types described above you are ineligible based on your FAFSA information*
Conditions that may change your financial aid award:
- Your enrollment status is different than what your original award was based on. Please notify us if this is the case, so we can adjust your award.
- You receive additional scholarships, grants, or other funds we were not aware of (for example state grants, vocational rehabilitation sponsorship, employer-assisted tuition, military tuition assistance, scholarships from local organizations).
- Corrections required due to discrepancies between information on your FAFSA application and data you report on your verification documents, tax returns, or other forms requested by this office. This may occur with data for the current year and/or with data on file from previous years.
- There is a change to your academic standing and/or program.
- Any of the costs used to determine your eligibility change.
- A reduction in funding levels from federal and/or state sources.
- Deferment — aid awards are not guaranteed if you choose to defer your enrollment.