003735
Virginia Commonwealth University
Budget Planning Worksheet
Financial Aid Checklist [pdf]
Find Scholarships
FAFSA Web site
2009-10 Academic Year
Summer Session
Check your application status (eServices)
Sign Your MPN Electronically
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a passing grade in at least one course, federal aid regulations require that we assume the student has “unofficially withdrawn,” unless it can be documented that the student completed the enrollment period.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)
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.
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.
The deadline to submit a request for a FALL ONLY Federal Direct Loan is November 20, 2009 with the following exceptions.
| Group | Last Date |
| D1, D2, D3, D4, P4, PAC/MS | December 3, 2009 |
| DEH Jr, DEH Sr, D.5 | December 3, 2009 |
| M3, M4 | December 3, 2009 |
| D5, D6, D7 | December 10, 2009 |
| M1, M2 | December 10, 2009 |
The request must be received in the Loan Area by the dates specified. Please contact your counselor if you have any questions.
