|Financial Aid for North American Students|
Please NOTE; We are unable to originate any loans for 2013/14 until after June 28th when changes are being made to US Portal system (COD), for more details see link
Funding for US Students
The RVC participates in the Direct Loan Program in which federal financial assistance is made available from the US Department of Education to US students studying at the RVC. The purpose of this page is to inform you about the process of applying for financial assistance.
The RVC College will originate Direct Stafford loans and Direct Graduate and Parent PLUS loans and full-time students from the USA who are attending at the RVC are normally eligible for funding. The RVC also participates in the VA Educational Benefits programme.
Federal Student Aid
You can view and download resources from the office of Federal Student Aid.
The office of Federal Student Aid provides publications, online tools, and other resources to help you prepare and pay for college, applying for aid, and more. Below are samples of useful tools and link to “StudentAid” official website.
Budget Calculator; Prepare a budget
Financial Aid Process Video; Video
Going to college in another country StudentAid.gov/international
Financial Aid for Graduate and Professional Degree StudentsAid.gov
For the full website data please see http://studentaid.ed.gov/resources
Loan applications for 2012/2013
Loan applications for 2012/13 are now being accepted from continuing students and new entrants starting in September for the 2012/13 academic year. Please complete your FAFSA www.fafsa.ed.gov and a Loan Amount Declaration also see Instruction for the Interactive Cost of Attendance Calculator
FFELP (the Federal Family Education Loan Program) was abolished on July 1, 2010. All loans are now provided under the Direct Loan Program with funds being made available directly from the US government.
There are no short cuts to loan origination: all students must complete the steps listed in our Guidance to FAFSA. The steps you will need to take are quick and easy but the RVC will not know if you have completed all the processes for all the loans you intend to borrow unless you tell us, also the RVC will not know how much you wish to borrow until you tell us.
We want to be sure that you have completed everything you have to do before we start to process your application because if the School starts origination of loans (process your application) and your application is incomplete or information is missing then your loan origination will fail and this will delay your access to federal financial assistance.
To speed the process we will accept evidence in the form of email attachments but we need all the evidence from you at the same time - all required documents must come in the same email; if anything is omitted then we cannot start the loan origination process and this will delay your access to federal financial assistance.
When you have finished and collected all the evidence required then please send this to the RVC financial aid office firstname.lastname@example.org For priority treatment your email subject line should be in the format: US Loan 2012-13 (Surname, Forename). For example: US Loan 2012-13 (Jessica, George).
Take the time to read our Guidance to FAFSA carefully before you start your application.
Guidance to FAFSA
- How do direct loans work?
- Who is eligible to apply?
- RVC Satisfactory Academic Progress (SAP) Policy Statement
- Benefits of the Direct Loans program
- Borrowing limits
- Origination fees
- Cost of Attendance Analysis
- Graduate Students
- Undergraduate Students
- Private Loans
- Direct Loan Entrance Counselling (EC)
- Student Aid Report (SAR)
- Loan Request Form / Loan Amount Declaration (LAD)
- Sign a Master Promissory Note (MPN)
- The RVC Codes
- Notifying the RVC
- What next?
- Loan Origination
- The Award Letter
- Receiving your Loan
- Processing your application
- Tuition fee collection
- Requesting additional loans
- Cancelling Loans
- Withdrawal, graduation and repayment
- Exit counselling
- Where can I find more information?
- Communicating with us about your loans