Friday, Dec. 6, 2013
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This grant is automatically built into the tuition rate for all Adult Studies students, substantially reducing the daytime tuition rate. There are no additional tuition charges for out-of-state residents.
Students who work for employers that offer tuition reimbursement benefits are eligible to receive a 10% tuition reduction. Tuition for each semester must be paid in full at the time of registration for classes by either the student or the employer.
Many area employers recognize the benefits of education for their employees and reimburse all or part of their employees' educational expenses. If your employer does so, you may defer any reimbursable tuition until the semester ends, your grades are sent to your employer and reimbursement has been made. You may receive tuition bills during the semester, but your deferment form will release you from paying them until the semester ends.
If you apply for need-based aid (including federal student loans) you must notify the Financial Aid Office in writing of any tuition reimbursement benefit you receive from your employer. That amount is considered part of your financial resources in determining your aid eligibility. If your employee benefit results in an over-award of need-based aid, the Financial Aid Office may be required to reduce your aid dollars and you may have to repay a portion of any financial aid you have already received.
Payment plans are available through Tuition Management Systems, Inc. (800.356.8329), which allows tuition costs to be paid on a monthly basis during the semester. For further information, please visit Tuition Management Systems online: www.afford.com.
Degree-seeking Adult Studies students who are enrolled in 6 semester hours or more may qualify for additional financial aid through a Stafford Loan or a Pell Grant. In order to be considered for any financial aid, students must first qualify as degree-seeking and submit a Free Application for Federal Student Aid (FAFSA) on-line. For more information about current scholarships, grants and loans, visit Virginia Wesleyan's financial aid page.
In addition, the Virginia Tuition Assistance Grant provides state assistance to full-time students attending one of Virginia's participating private institutions. To be eligible, a student must take 12 credits or more and must establish a domiciliary residence in Virginia one year prior to the application date. The deadline to apply is July 31.
Finaid.org - This is an excellent resource for basic financial aid questions and guidance.
Fastweb.com - A large and complete source of available scholarships.
SimpleTuition.com - Understand your choices with this web-based loan comparison tool.
The Lifelong Learning Credit. This tax break allows you to claim up to a $2,000 credit each year for post-secondary education or courses that you take to acquire or improve your job skills. A credit is better than a deduction, since it comes right off the tax you'd owe rather than from the income on which you're taxed. You will have to meet certain income requirements and other conditions. Rules for those credits and other education-related tax breaks are explained in IRS Publication 970 at www.irs.gov.
The Hope Credit. If you have not completed two years of post-secondary education, you might be able to take this credit of up to $1,650. To do so, you must be working toward an undergraduate degree or other "organized educational credential," and you must be enrolled at least half time for at least part of the year.
This loan fund was established to assist adult students with initial costs at the beginning of each semester. Any student may borrow up to $150 per semester to purchase textbooks and course supplies in the Virginia Wesleyan bookstore. The student is given the entire semester to repay the interest-free loan. For further information, please contact the Adult Studies Office at 757.455.3263.
In order to ensure that financial aid is processed in time to be available for the upcoming semester:
If you initiate the financial aid process closer to the start of a semester and wish to register, you must pay the first semester's tuition by the Wednesday before classes begin. After your online financial aid application has been submitted and processed, and all your official transcripts have been received and evaluated by the Registrar's Office, the College will determine your financial aid award, if any, for that semester. Disbursement of financial aid funds will occur several weeks later.