We know going to college is a big decision and can be an expensive one. Our student financial services staff goes the extra mile to help you find solutions to paying for school.
You'll hear a lot about the FAFSA. FAFSA stands for Free Application for Federal Student Aid. It is a Web-based form that helps determine what kind of aid you are eligible for from the federal and state government. We strongly recommend that you fill out the FAFSA each year, even if you don't think you're eligible. You never know until you complete it, and some scholarship donors require you to complete the FAFSA.
Because price is of a paramount importance to many of you and your parents, here is a thumbnail sketch of the kinds of student financial aid that may be available:
- Grants do not need to be repaid. Some are awarded based on financial need; others recognize academic ability or performance in areas such as music, or athletics.
- There are many scholarships sponsored by foundations, corporations, or other organizations.
- Loans must be repaid, usually starting after graduation. Many education loans featuredeferred payments and generous payback schedules. The federal government sponsors a number of student loan programs, as do some private lenders and colleges themselves.
- Jobs on campus or during summer breaks provide income to offset expenses and can be important sources of experience.
Indiana Financial Aid
Grants based on financial need (see http://www.state.in.us/ssaci/); Academic performance awards, which supplement need-based aid; and Scholarships for special skill or need areas or particular groups of students, including (but not limited to) nursing, special education, minority teachers, or children of disabled veterans, Twenty-first Century Scholars, and National Guard Tuition Assistance. Remember: To Qualify for State of Indiana grants, residents of Indiana need to file the FAFSA annually no later than March 10. If you have any edits that need to be fixed, you have until May 15 to do so. Regularly checking your MyVU for financial aid updates will help prevent a loss of state money.
Federal Financial Aid
Federal Pell grants (see http://studentaid.ed.gov/types/grants-scholarships/pell), unlike a loan, do not have to be repaid. The amount depends on your financial need as determined by the U.S. Department of Education, costs to attend school, status as a full-time or part-time student, and your plans to attend school for a full academic year or less.
Federal Loans must be repaid. Be sure you understand your options and responsibilities. The William D. Ford Federal Direct Loan (Direct Loan) Program is the largest federal student loan program. Under this program, the U.S. Department of Education is your lender. There are four types of Direct Loans available: For more information please visit our Financial Aid Loan information pages.
Vincennes University awards more than $1 million in scholarship each year. While Vincennes University has a priorty deadline for scholarships of January 15 each year it is never too late to apply. VU continues to award scholarships on a rolling basis. Visit our Scholarship page today. For additional financial aid resources visit our Scholarship Database located on the Aspiree page.
Still Have Questions?
(812) 888-4361 or (800) 742-9198
Fax: (812) 888-4261
Office Hours: Monday-Friday, 8 a.m.- 5 p.m. EDT