Financial answers you're looking for

Q. Can I get an estimate of how much financial aid is available to me?
A. Yes. You can use our Financial Aid Award Estimator to see what programs you qualify for before you receive your official award letter. This is a great tool in helping individuals realize that Virginia Intermont College is the choice for them. Be aware that this is ONLY AN ESTIMATE and is subject to change.

Q. Can I file for financial aid online?
A. Yes. You can go to www.fafsa.ed.gov to apply online. You are required to print and mail in a signature sheet to ensure processing of your application.

Q. I applied for federal aid and was awarded a Stafford Loan. Is there a separate application for the Stafford Loan?

A. Yes. Once you are awarded a loan, you must fill out a Master Promissory Note to officially apply and receive funding from the Stafford Loan Program.

Q. My parents are divorced. Do I report both of their incomes?

A. No. You report the income of the parent that has custody and with whom you live. If the parent that you are reporting has remarried, you must also report the income of their spouse/your step-parent.

Q. If I have some unusual circumstances that have taken place this year, can you do anything to factor in those circumstances when determining my eligibility for aid
?
A. It depends on the circumstances. Financial aid counselors are given the liberty to use their professional judgement. If they determine that the circumstances should be used as a factor to determine eligibility, then they can make certain adjustments. It is best to contact the financial aid director to explain the criteria for unusual circumstances.

Q. After the first year, do I need to reapply for federal aid every year?
A. Yes. Federal aid is determined based on prior year income, so reapplying is required by the federal government

 

 

 

 

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