Virginia Tech

2014-2015 Transfer Guide

Financial Aid Information

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Cost of Attendance

    Costs for the academic year (fall and spring semesters) are provided on the University Bursar’s website at http://www.bursar.vt.edu. Tuition and fees are listed as well as links to costs for housing and dining plans. Students should also consider other indirect costs such as personal expenses for travel, laundry, and entertainment when planning personal budgets.

    Registered students will be billed based on actual costs. The exact cost for room and board will vary based on the student’s selection of residence hall and meal plan.

    Tuition, fees, and other costs incurred at the university are financial obligations of the student and are due based on payment terms established by the university. Students can access actual charges assessed on the University Bursar’s website at http://www.bursar.vt.edu. Students should regularly monitor their individual billing statements on Hokie SPA at http://hokiespa.vt.edu. The University Bursar notifies students by email when monthly billing statements are prepared. It is the responsibility of the student to give parents electronic access to the student’s bill. Additional information is available on the University Bursar’s website. The undergraduate catalog contains information concerning payment of tuition and fees. For answers to specific questions, contact the Office of the University Bursar at (540) 231-6277 or bursar@vt.edu.

Financial Aid Information

    The university offers financial aid in the form of scholarships, grants, loans, and work study opportunities. These awards are from federal, state, institutional and private sources. Part-time students are not eligible for aid through most programs, except the Federal Pell Grant and the Federal Stafford Loan Programs. Students working on a second undergraduate degree may be eligible for Federal Work Study, Federal Perkins Loan, and Federal Stafford Loan Programs. Information on financial aid programs is available from the Office of University Scholarships and Financial Aid (USFA), 200 Student Services Building, Virginia Tech, Blacksburg, VA 24061; (540) 231-5179; or at http://www.finaid.vt.edu. This website includes links to other information sources for financial aid as well as links to free scholarship searches. We encourage students to explore our website for answers to their financial aid questions. Additional help is also available through email at finaid@vt.edu. Students should regularly monitor their email for information and requests from USFA. Virginia Tech also offers a financial aid newsletter, FLASH.MAIL, to anyone interested in subscribing. All current students are automatically subscribed. Subscription information is available at http://www.finaid.vt.edu/flash/.

    You should begin the financial aid application process as soon as possible after January 1 each year.

    Part-time students are not eligible for aid through most programs, except the Federal Pell Grant and the Federal Direct Stafford Loan Programs. Students working on a second undergraduate degree may be eligible for Federal Work Study, Federal Perkins Loan, and Federal Direct Stafford Loan Programs.

How and When to Apply for Financial Aid

    You should begin the financial aid application process as soon as possible after January 1st each year by filing the Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov. Students who wish to apply for the General Scholarship Program at Virginia Tech must also complete the online General Scholarship Application. This application is available from the USFA website.

    For the 2014-2015 academic year, the priority filing deadline for the FAFSA and the General Scholarship application is March 1, 2014.

    For the 2015-2016 academic year, the priority deadline for the FAFSA and General Scholarship application is March 1, 2015.

    While all students are encouraged to file the FAFSA, students must complete the FAFSA to be considered for all need-based financial aid programs administered by Virginia Tech as well as many scholarship programs.

    Students and families are encouraged to explore the Office of University Scholarships and Financial Aid and Office of the University Bursar websites to learn more about the cost of a Virginia Tech education and payment options. There are a variety of choices for meeting the costs of a Virginia Tech education that families may want to consider in preparation for attendance.

    Students who are awarded financial aid by USFA will receive additional information in the award notification available on their Hokie SPA. An email is also sent if there are any revisions to the original award. The award notification may include additional instructions for the student to complete before financial aid is disbursed to the student’s account.

Important Financial Aid Deadlines

    The Free Application for Federal Student Aid and the General Scholarship Application must be received by Office of University Scholarships and Financial Aid by the priority deadline each year. Requests for additional information to complete the awarding process will be sent to the student and may also be viewed on Hokie SPA.

Other Sources of Assistance

    Virginia Tech offers the Budget Tuition Plan through the University Bursar's Office to give students and parents the option to pay tuition and fees in monthly installments through automatic drafts from a personal checking account. Information is sent by the Office of University Bursar to all incoming students prior to the billing period. The form can also be accessed from their website, www.bursar.vt.edu.

    The Parent Loan (PLUS) Program is available to assist with education costs. This program has no income ceiling. A separate PLUS loan application is required in addition to the FAFSA application. Applications are available on the USFA website. Private/alternative educational loans are also available. Additional information on these loans is available at http://www.finaid.vt.edu/types_of_aid/loans/alternative/index.html.

    Transfer students are encouraged to monitor the total indebtedness in all student loan programs at all colleges and universities attended. Aggregate loan maximums for academic study are available at http://studentaid.ed.gov/.

Financial Aid for International Students

    Most international students (with the exception of certain refugees) are not eligible for financial aid administered by USFA. An international student who holds an I-151 or I-551 Alien Registration Receipt Card may meet the citizenship requirements to apply for federally-funded assistance, as may a noncitizen who holds an Arrival-Departure Record (I-94) showing status as a "refugee," "adjustment applicant," "conditional entrant," or "indefinite parole," or an official statement showing that asylum has been granted. Eligible non-residents must present their visa or alien registration card to USFA if requested.

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