You must meet all of the eligibility criteria for federal financial aid
- In order to qualify for Federal Financial Aid, a student must be a US citizen, permanent resident or eligible non-citizen. For additional information, please visit https://studentaid.ed.gov/sa/eligibility/non-us-citizens
- Selective Service Registration
- All men must register with Selective Service within 30 days of his 18th birthday (or before age 26, if entering and taking up residence in the U.S. when already older than 18). Selective Service can accept a late registration but not after a man has reached his 26th birthday.
- Exception : non-immigrants on student, visitor, tourist, or diplomatic visas.
- A non-registrant who are now 26 or older has to submit acceptable documents depending the first date of Entry to U.S. Please visit https://www.sss.gov/Home/Men-26-and-OLDER for details
- You must be enrolled at VUIM in a degree of MSOM or MSA before aid will be processed or awarded.
- You must be registering at least half-time at every quarter. You are responsible for ensuring the courses they are enrolled in are applicable to their program of study. Enrolling in courses that do not apply to a student’s degree program may result in ineligibility of financial aid funds.
|Credit hours||Enrollment Status|
|12 or more||Full-time|
|1-5||Less than half-time|
- If you plan to graduate, withdraw or drop below half-time attendance (even if you plan to transfer to another school), you must complete online exit counseling for your loan which will go into repayment six months after you are less than half time. You agreed when you signed your MPN to contact your lender if you withdraw or drop to less than half-time.
- Students who withdraw during the term are required to notify the financial aid office and may be required to repay all or a portion of the funds awarded for the term
- Satisfactory Academic Progress
- Academic progress of aid recipients is reviewed at the end of each quarter. After the review, students who do not meet the minimum SAP requirements will be ineligible for financial aid.
- So, you must make Satisfactory Academic Progress in order to maintain eligibility for financial aid. Please see our school’s Satisfactory Academic Progress (SAP) policy below for more information.
- Satisfactory Academic Progress (SAP) ensures that students are progressing through their program of study both academically and in a timely manner. In order to be considered to be making satisfactory progress toward a degree or certificate, a student must both maintain specified cumulative grade point averages and a specified completion rate. To determine satisfactory progress, a student’s cumulative grade point average and completion rate will be evaluated at the end of every quarter after grades are posted, approximately 5 days after the end of the quarter. The maximum time frame that a student is allowed to complete a program is 1.5 times the program length, as measured in credit hours attempted.
- The minimum cumulative grade point average (CGPA) and completion rate required based on program and quarter progression is as follows:
|Cumulative Earned Credit||Minimum Percentage of Term Cumulative Credit Hours Completed that were attempted||Minimum CGPA|
|1-45 Quarter Credits||67%||2.0|
|46-90 Quarter Credits||67%||2.5|
|91-150 Quarter Credits||67%||2.7|
|151+ Quarter Credits||67%||3.0|
- Students are expected to complete the requirements for their program in the scheduled time frame, but in no case may the credits attempted exceed 1.5 times the credits required to complete the program.