Financial Aid

Financial aid is available for eligible students taking distance education courses. The eligibility for receiving financial assistance is determined by comparing the cost of attending Vincennes University with the ability of the student and/or parent(s) to contribute toward his/her expenses. Financial aid is viewed as being supplemental to all other resources to meet these costs. The goal of the Financial Aid Office is to meet the evaluated need of all eligible students.

Semester-based Distance Education courses are eligible for full consideration for most types of financial aid. Assuming that eligibility requirements are satisfied, disbursement of financial aid loans to the accounts of students enrolled in only 14-week, 12-week, 10-week, or second 8-week courses occurs a few days before the start of the courses. (Eligibility for federal student loans requires enrollment in at least 6 credits.) Federal Pell grants are disbursed only after the student has started each course.

Continued eligibility for the various financial aid programs will require the following: (1) continued enrollment; (2) satisfactory academic standing and progression toward a degree or eligible certificate; (3) properly completed and timely filed applications; (4) all university accounts due and payable being current; (5) satisfactory employment if previous student worker; (6) remain eligible by the individual program guidelines; (7) sign an affidavit that all federal financial aid funds received will be used for the applicable payment period for educational expenses; (8) sign necessary documents for the receipt of aid awards; (9) not be in default on a Federal Family Education Loan Program loan or a Federal Direct Loan; (10) not owe a refund on a Pell Grant, Perkins Loan, or Supplemental Educational Opportunity Grant previously received.

All federal aid that is awarded and disbursed to pay a student’s expenses must be earned. A student earns this by staying enrolled and attending classes. Until the student attends no less than 60% of the semester, his/her aid is earned in a direct proportion of the days attended to the number of days in the semester. Once a student attends classes through 60% of the semester, the student is deemed to have earned 100% of the awarded aid.

The only costs that can generally be included in the distance education student’s cost of attendance are tuition and fees, room and board, and books and supplies. Travel costs can only be included if they are incurred and documented specifically in fulfilling requirements of a distance education course. A student cannot receive aid from two different schools for the same enrollment period. Military and Vocational Rehabilitation payments may affect your financial aid. Federal aid consists of Pell & SEOG Grants, Subsidized and Unsubsidized Stafford Loans, Parent PLUS Loans, and Perkins Loans.