VCOM College Catalog and Student Handbook

 To ensure equity by applying all need analysis formulas consistently across the institution's full population of student financial aid applicants.  To provide services that do not discriminate on the basis of age, gender, sex, race, color, creed, national origin, religion, ancestry, marital status, ethnicity, disability, sexual orientation, gender identity, or status as a protected veteran.  To recognize the need for continued professional development and educational opportunities for our staff.  To commit to the highest level of ethical behavior and refrain from any conflicts of interest or perceptions thereof.  To maintain the highest level of professionalism. VCOM Estimated Cost of Attendance A student's cost of attendance (COA) includes tuition, books, and educational supplies, room and board expenses while attending school, and other miscellaneous expenses. The COA is the foundation for establishing a student’s financial need because it sets the limit on the total aid that a student may receive. At VCOM, the COA is established for each aid year by using the current year's tuition plus a calculated average of books and educational supplies, room and board expenses while attending school, and other miscellaneous expenses. The COA is computed for each individual class, not for each individual student. Expenses such as dependent care, loan origination fees, expenses related to a student's disability, and other specific expenses are handled on an individual basis by means of a Dependent Care & Special Circumstances, or Cost of Attendance, appeal. Applying for Financial Aid Financial aid is available to qualified students to assist in paying for expenses directly related to the cost of their medical education. Borrowing money from these programs is a privilege, not a right. Students must remember that a loan is not a gift or grant; it must be repaid. Student loans are to be used only for the student’s education- related and personal living expenses. Over-borrowing can cause a student to default on a loan. Default is the failure of the borrower to make an installment payment when due or the failure to meet other terms of the promissory note. Defaulted loans are reported to national credit agencies, thus affecting credit ratings and future ability to borrow money. If a student’s loan goes into default, the College, the organization that holds the loan, and the federal government can all take action to recover the money. The federal government and loan agencies can also deny a school’s participation in the student loan programs or charge students higher fees if the default rate is high. So, for protection of a student’s personal credit rating and the school’s ability to continue to provide financial aid to future students, VCOM encourages students to learn basic budgeting techniques, keep track of the amount they are borrowing, and borrow wisely. VCOM offers the following options for financial aid assistance: Please visit our website at http://www.vcom.edu/students/cost-attendance for a detailed breakdown of costs per year, which is updated annually.  Information to students regarding scholarship opportunities;  Access to loans through the federal Direct Stafford and Graduate PLUS Loan programs; and  Information on private (Alternate) loans obtained through lending agencies. An application for applying for financial aid as well as other pertinent forms and information can be found on the VCOM website at: http://www.vcom.edu/tuition-and-financial-aid . Students need to follow these steps if they are interested in receiving financial assistance:

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