Financial Eligibility

Financial need is determined using information you and your parents supply when you complete and submit the Free Application for Federal Student Aid (FAFSA). The information you provide on the FAFSA is processed using a Federal Methodology (FM), established by the United States Congress. The FM calculates your Expected Family Contribution (EFC), the amount you and your family are expected to be able to contribute toward your education. (The EFC may not be the amount you are required to pay the JSC Business Office).

When you complete a FAFSA, Renewal FAFSA or FAFSA on the Web, the federal processor will send you an acknowledgment that your application was processed called a Student Aid Report (SAR). This acknowledgment will contain your EFC. The federal processor electronically transmits the analysis of the data you submitted to each institution you specified on the FAFSA.

Each college or university determines an estimate of how much it will cost for you to attend school, including tuition and fees, books and supplies, room and board, personal expenses, transportation and miscellaneous expenses. This is called your Estimated Cost of Attendance and it will vary from one institution to another.

Annual Undergraduate Costs of Attendance 2009-2010 (Financial Aid Budget)

Expenses*

Vermont
Residents

Non-Residents

Living with Parents

Tuition (Full-time)

$7,992

$17,232

$7,992

Room (Double)

$4,650

$4,650

$750

Board (Gold plan)

$3,158

$3,158

$750
Campus Initiative Fee $520 $520 $520

Activity Fee

$204

$204

$204

Books/Supplies

$1,000

$1,000

$1,000

Misc. Personal

$650

$650

$650

Transportation

$600

$800

$800

Total

$18,774

$28,214

$12,666

* Please note: all incoming freshmen are also charged a one-time orientation fee of $197.

Your Financial Aid Package

Once we receive the results of your FAFSA and other required forms, we will create your financial aid package based on your financial need. You may receive some types of financial aid in excess of your need, however, your aid may not exceed our Estimated Cost of Attendance.

We will send you a Financial Aid Award Notification outlining the financial aid included in your package. This notice will include general information about each award offered and instructions for accepting or declining each award. The Federal PLUS loan requires a supplemental application.

Special Circumstances

While the process of determining financial aid eligibility is basically the same for all applicants, there is some flexibility for special circumstances. Situations which might merit special circumstances include

  • Unusual medical and dental expenses
  • High child care and dependent care costs
  • Income reduction or nonrecurring income

     

    • Please contact the Financial Aid Office if you feel you have special circumstances that should be considered. We will send you a special circumstances form to complete. See our contact information to determine how to contact one of our counselors.

 

Receiving Your Financial Aid

Your financial aid is applied directly to institutional charges (tuition, fees, room and board). Any excess funds will be available to you within 14 days of the date the credit balance occurs. The Business Office will notify you when excess funds create a credit balance. The notice will be mailed to the address you have on file with the Registrar`s Office.