Frequently Asked Questions
We are located at 800 Washington Street SW in the Student Services Building. Stop by our service window on the first floor. We always have staff on hand to help you between 8:00 a.m. and 5:00 p.m., Monday through Friday.
- Early Decision, Early Action, and Regular Admission students will receive an award letter shortly after receiving an Acceptance letter.
- Returning students will receive an award letter after the Spring term ends and we evaluate Satisfactory Academic Progress - usually late May or early June.
Please call our office and speak to an advisor to see if your situation is something that can be appealed. Please visit our Appeals page for more information.
Yes we can. You must submit your request no later than 30 days after the disbursement. If the loan has already paid or you have received a refund, the loan amount will have to be paid back to the Bursar's office immediately.
One reason is that you may have outstanding documents or requirements to complete. Please make sure to check your VT email or HokieSPA for any requested documents. This can delay your aid. Example: To receive a loan, you must complete the Master Promissory Note (MPN) and the entrance counseling on Student Loans.gov.
- The Subsidized loan is only available to undergraduate students with demonstrated financial need. The Federal Government pays the interest while enrolled in school at least half-time, during the grace period, and during periods of authorized deferment.
- Unsubsidized loans are available to undergraduate and graduate students. Eligibility is not based on financial need and the borrower is responsible for paying all interest. Interest accrues after the loan first disburses.
Both loans have a 6-months grace period after graduation or going below half-time enrollment before repayment begins.
The parent PLUS application is available at studentloans.gov. The decision is based on past credit and parents will know if they are approved or denied upon completion of the online application.
Immediately following applying for a Parent Plus you are informed of approval or denial. The next step is to complete a Master Promissory Note. Your loan will be processed in about two weeks.
Yes, financial aid will cover your off campus living expenses. Each year students are awarded based on cost of attendance (COA) which includes housing. Since you will be living off campus you will not be billed for on campus housing, but housing figures stay in your COA. You may get aid up to your COA. You will receive a financial aid credit balance refund for any remaining credit on your account after covering VT billable expenses. You can apply the financial aid credit balance refund to your off campus expenses.
Also, a Parent Plus or alternative loan may fill the gap if you need additional funding.
Financial aid may be available for study abroad. Please visit our Study Abroad page for more in-depth information.