How financial aid funds are distributed among students
The rights and responsibilities of receiving financial aid
Which resources (such as parent contribution, other financial aid, personal assets, etc.) were considered in the calculation of need and how much of your financial eligibility, as determined by VCU, has been met
What portion of the financial aid received must be repaid, and what portion is grant aid — if the aid is a loan, you have the right to know what the interest rate is, the total amount that must be repaid, the repayment procedures, the length of time allowed to repay the loan and when repayment begins
How the university determines satisfactory academic progress and the consequences to financial aid when not making satisfactory academic progress
For any Federal Work-Study job, a description of the job, the hours you must work, the rate of pay, and how and when you will be paid
Students have the responsibility to:
Complete applications and promissory notes and submit them on time to the appropriate place
Provide accurate information. In most instances, misrepresenting information on financial aid application forms is a violation of the law and may be considered a criminal offense, which could result in indictment under the U.S. criminal code
Return all additional documentation, corrections or new information requested by either the Office of Financial Aid or the agency to which the application was submitted
Read and keep copies of all signed forms
Notify the Office of Financial Aid of:
Changes in name
Changes in factors used to determine eligibility, including residency; housing plans; marital status; number of dependents; undergraduate, graduate or professional classification; major; and enrollment level
Other sources of financial aid received during the period covered by the award letter
Withdrawal from VCU after a semester has begun
Comply with application deadlines
Repay any student loans received
Attend any entrance or exit interviews required for receipt of federal student loans