VCU Financial Aid Checklist    

Below are the detailed instructions that you can refer to as you complete the 2019-2020 financial aid process. 

Create a Federal Student Aid ID at fsaid.ed.gov/npas. A FSA ID gives you access to Federal Student Aid’s online systems and can serve as your legal signature. A parent of dependent students will need to apply for their own FSA ID.

Complete a 2019-2020 Free Application for Federal Student Aid at fafsa.ed.gov. Use this form to apply for federal and state student grants, work-study, and loans. The 2019-2020 FAFSA application covers the academic period from July 1, 2019 to June 30, 2020.

  • Obtain your official VCU email account at mymail.vcu.edu. A VCU email account is automatically created for all accepted students. All students are required to activate their official VCU student email account within one week of the beginning of the first semester of enrollment.
  • Email is the official method for communication at VCU because it delivers information in a convenient, timely, cost effective, and environmentally aware manner.
  • The Office of Financial Aid uses email to provide financial aid information, to request documentation to support financial aid application data, and to provide financial aid application status and award information. 

Complete any outstanding financial aid requirements. There are many eligibility requirements for state, institutional, and/or federal aid to be awarded. These requirements from the U.S. Department of Education may be found on your Student Aid Report located at fafsa.ed.gov.

Verification

If your FAFSA was selected for verification by the U.S. Department of Education and you have accepted your offer of admissions at VCU, then you may need to complete the verification process with Financial Aid Services/School Servicing Center.

 

  • You will receive separate communications from verification@SSCwp.org, which will be directed to the email and physical addresses that you provided on your FAFSA.
  • If your FAFSA was selected for verification, there may be certain requirements that you must fix before starting the verification process with Financial Aid Services/School Servicing Center.    

Review Financial Aid Awards at eServices. Review the eligibility requirements for the awarded aid. Initial financial aid awards are based on full-time enrollment for both the fall and spring semesters. Awards are subject to change if your eligibility and/or enrollment changes. Full-time enrollment is defined as 12 or more credit hours per semester for undergraduate students.

Report outside scholarships by completing the 2019-20 Scholarship Form. If you are receiving scholarships or other tuition benefits from organizations, community groups, or other agencies, it is necessary for you to complete the VCU Scholarship Form. These additional funding sources can affect the financial aid offered to you by VCU.

Complete both the Title IV Authorization questions and the Electronic Consent at eServices. Federal financial aid guidelines require that VCU obtains your Voluntary Consent to Participate in Electronic Transactions and collects your decision regarding how you want your federal financial aid funds applied to your student account charges.

Title IV Authorization questions on eServices:

  • Click on the Financial Aid Tab
  • Click on Award
  • Click on Award for Aid Year
  • Select the current award year: 2019-2020 Financial Aid Year
  • Click in the Terms and Conditions Tab
  • Read the Terms and Conditions and choose to click the accept button

 Electronic Consent on eServices:

  • Click on the Financial Aid Tab
  • Click on Award
  • Click on Award for Aid Year
  • Select the current award year: 2019-2020 Financial Aid Year
  • Click in the Rights and Responsibilities Tab
  • Read the Terms and Conditions and choose to click the accept button 

Accept or Decline Loans and Federal Work-study aid on eServices:

  • You must complete the Title IV Authorizations and Electronic Consent in order to accept offers of awarded Federal Direct Subsidized/Unsubsidized Loans and/or Federal Work-study funds.
  • Click on the Financial Aid Tab
  • Click on Award
  • Click on the Award for the aid year
  • Select the current year 2019-2020 Financial Aid Year
  • Click on Accept or Decline Award Offer Tab
  • Select accept or decline next to the loans that you want to borrow and/or want to decline 

To apply for a Federal Work-study job, visit vcu.joinhandshake.com.

Complete Federal Loan Entrance Counseling. All first-time loan borrowers must complete an entrance counseling session to borrow from the Direct Loan Program.

Complete a Federal Loan Agreement (Master Promissory Note) If you accept a Federal Direct Subsidized/Unsubsidized Loan, you are required to complete an electronic Loan Agreement (MPN) online.

Complete a Federal PLUS Loan Application online if necessary. If you are a dependent student needing additional funds, your parent may apply for a 2019-2020 Federal Direct PLUS Loan online. The maximum PLUS loan amount your parent can borrow is the annual cost of attendance minus any estimated financial aid.

Submit a Direct Deposit bank authorization to VCU’s Department of Student Accounting. 

  • When financial aid funds exceed university charges, you will receive a refund to assist you with the purchases of books, supplies, and other educational or living expenses.
  • Direct deposit of a refund is faster, easier, and more secure than mail delivery of a paper check.
  • Please sign up for direct deposit to have any refund deposited directly to your bank account.    

 

Complete a Family Educational Rights and Privacy Act (FERPA) Release of Information form. Once a student is enrolled, the university must have a FERPA Student Consent Form for the VCU Office of Financial Aid to discuss your financial aid records. 

Only submit a Financial Aid Award Change Form if necessary. You must submit a 2019-2020 Change Form if you have changes that could affect your financial aid eligibility such as:

  • Changes to your admission entry semester
  • Changes from full-time enrollment
  • Changes to your accepted or declined loans
  • Housing changes
  • No attendance