VCOM College Catalog and Student Handbook

Please refer to the Return of Title IV Funds Policy in the Financial Aid section of VCOM’s web site for more information. Occasionally, tuition and fee refunds may result in VCOM returning monies to students. Three-Day Cancellation: An applicant who provides written notice of cancellation (meaning the student decides to withdraw from the program) within three (3) business days, excluding weekends and holidays, of executing the enrollment agreement is entitled to refund of all monies paid less the non-refundable secondary application fee not to exceed $50. Other Cancellations: An applicant requesting cancellation (meaning the student decides to withdraw from the program) more than three (3) days after executing the enrollment agreement and making an initial payment, but prior to the first day of class, is entitled to refund of all monies paid less the non-refundable secondary application fee not to exceed $50. Charges for Altered Academic Programs Students will be charged for participation in altered academic programs. These charges will consist of an administrative fee, and charges for the portion of curriculum being completed and any additional remediation courses. Most, if not all, of the charges will be based upon the annual cost of attendance. For students who fail rotations, boards, or have additional curriculum requirements, and must complete altered degree programs to graduate, the Business Office will invoice students participating in these programs for any months extending beyond VCOM’s normal academic program length. Form 1098-T Students, or the persons who may claim students as dependents, may be able to claim either the tuition and fees deduction or the on their federal tax returns for qualified tuition and related expenses that were actually paid in a given year. VCOM distributes electronic copies of Forms 1098-T to students via the MyVCOM student portal on or before January 31 st . Hard copies of form 1098-T can be obtained by printing the electronic copies. VCOM mails physical copies of 1098-T forms upon request and in situations where a student has separated from the institution and no longer has access to VCOM email and the MyVCOM student portal. Although VCOM provides the information that appears on Forms 1098-T, the Business Office staff are not qualified to answer any tax-related questions or give tax advice. Students should contact their individual tax preparer or the Internal Revenue Service (IRS).

For more information about the deduction or credits, see IRS Publication 970 at: www.irs.gov/formspubs/index.html.

The Office of Financial Aid

VCOM Code of Ethics for Providing Financial Aid In order to ensure VCOM maintains the highest ethical standards, VCOM as an institution and/or any person involved in providing loan information or assistance to students WILL NOT:

1. Enter into any revenue sharing arrangement with lenders; 2. Accept gifts from lenders, guarantors, and loan servicers; 3. Receive compensation for consulting services to lenders;

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