Follow Us

Like VCU Financial Aid on Facebook
Virginia Commonwealth University

Financial Aid

Financial Aid

Financial Assistance Programs

Certain programs have limited funding so there are more students eligible than there are funds available. As a result, these funds are awarded on a first-come, first-served basis.

Students should file their FAFSA as early as possible and reply to requests for information promptly to ensure consideration for this type of funding.

Students should apply for aid even if they missed the priority filing date because they may still qualify for the Federal Pell Grant or Federal Direct Loans. If students have not applied in a timely manner, they may want to participate in the Installment Payment Plan.


Title IV Refund

Students who receive a Federal Title IV Grant or loan assistance and withdraw from VCU before completing 60% of the semester must have their eligibility recalculated based on the Federal Return of Title IV Funds formula.

This formula recalculates a student's eligibility based on the aid the student has "earned" (number of days enrolled/attending prior to withdrawal). Any unearned aid must be returned to the appropriate Title IV program(s) and the students must pay all or a portion of the funds that were disbursed to their accounts. They also may be responsible for all or a portion of the charges that were previously paid by financial aid.

If a student does not officially withdraw from all classes but fails to earn a passing grade in at least one course, federal aid regulations require that we assume the student has “unofficially withdrawn,” unless it can be documented that the student completed the enrollment period. Unofficial withdrawals require a Title IV refund calculation at the midpoint of the enrollment period.

Title IV Refund Policy (pdf)

November 4, 2011, is the last day for students who are enrolled for the fall semester only to submit verification documents in time to receive a Federal Direct Loan. Please login to eServices using the myVCU portal located on the VCU homepage http://www.vcu.edu/.

November 28, 2011, is the deadline to submit a Federal Direct Loan Request Form to increase or reinstate a Direct Loan for fall only. The downloadable form is located at http://www.enrollment.vcu.edu/finaid/forms.html.


Financial Aid Mission Statement

The Financial Aid Office at Virginia Commonwealth University seeks to assist students and their families, so that any qualified student who desires to pursue an education at VCU may do so without the hindrance of financial barriers. We support enrollment and retention by identifying resources and educating parents and students so that they may make sound financial decisions.
In responding to the diverse and changing needs of the university community, a spirit of cooperation, innovation and fairness will be maintained.
The Office of Financial Aid at VCU is committed to:

  • Providing exemplary service in the most effective and efficient way possible to support the needs of our students and university community;
  • Delivering funds in a timely and equitable manner; and
  • Acting with fiscal responsibility and following federal, state and institutional policies and regulations in the administration of student financial aid.

 

All staff of the Financial Aid Office at Virginia Commonwealth University adhere to the Code of Conduct of the National Association of Student Financial Aid Administrators.

 

The Office of Financial Aid is a service organization supporting Virginia Commonwealth University's enrollment and retention goals by identifying and obtaining resources for students to pursue their educational goals; delivering funds in a timely and equitable manner; and educating students, their families and the VCU community to make informed financial decisions. Each year, more than $270 million in student aid is disbursed to more than 18,000 students.

Office of Financial Aid
Office of Financial Aid

1015 Floyd Ave., 1st Floor
P.O. Box 843026
Richmond, Va 23284
Phone: (804) 828-6669
E-mail: Follow this link for email contacts
Hours: Monday - Friday, 8 a.m. - 5 p.m.

Virginia Commonwealth University
Division of Student Affairs & Enrollment Services
Office of Financial Aid
1015 Floyd Avenue, 1st Floor | P.O. Box 843026
Richmond, Va 23284-3026

Phone: (804) 828-6669
E-mail: Contact Us
Page Last Update: January 27, 2012
Division of Student Affairs and Enrollment Services
The Office of Financial Aid is a service organization supporting Virginia Commonwealth University's enrollment and retention goals by identifying and obtaining resources for students to pursue their educational goals; delivering funds in a timely and equitable manner; and educating students, their families and the VCU community to make informed financial decisions.