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Frequently Asked Questions - Top Ten

Q1: What is the priority deadline for the Free Application for Federal Student Aid (FAFSA)?

A1: March 1st is the priority deadline each year. You can still complete a FAFSA after this date to be considered for student loans and Pell Grant if you are eligible.

Q2: Do I need to complete a Free Application for Federal Student Aid(FAFSA) each year?

A2: Yes. You must complete a FAFSA each year to be considered for financial aid. VT's FAFSA priority deadline is March 1st and our school code is 003754.

Q3: When will Summer 2012 applications be available?

A3: Summer ends the 2011-12 academic year which means your aid eligibility comes from the 2011-12 FAFSA. If you need summer aid and have not filed your 1112 FAFSA, please do so as quickly as possible. We are making improvements to our summer process and will have more information available later this month.

Q4: I received an e-mail from your office about adding my 2011 Federal Work Study earnings to my 2012-2013 FAFSA, why do you need this information?

A4: Federal Work Study earnings are excluded from the need analysis to calculate your Expected Family Contribution or EFC on your FAFSA. Make sure you report them as taxable earnings from need-based work programs.

Q5: Will my financial aid pay to my account if I am not full time?

A5: No. In order for your aid to pay to your account, undergraduate students must register for a minimum of 6 credits (or 5 credits for graduate and professional students) because VT awards and disburses financial aid based on full time credit hours. Students need to complete the Grade Verification and Enrollment form to notify our office of reduced hours so that your aid will pay at half time.

Q6: When will my student living expense refund pay to me?

A6:

Financial aid refunds are set to start paying the Thursday before classes begin each semester. They will continue to pay each Tuesday and Thursday throughout the semester.

Is your financial aid in order?

  • Are you registered for 12 credits undergraduate or 9 credit graduate/professional?
  • Are you are attending part time? If so, you must complete the Grade Verification and Enrollment Form.
  • There are no holds on your account. Check holds on the Hokie SPA under Financial Aid Information.
  • All documents requested have been received and processed. Check Eligibility Requirements on the Hokie SPA under Financial Aid Information.
Q7: If I don’t have direct deposit set up for my student living expense refund, where does my money go?

A7: The Office of University Bursar will mail a check to the permanent mailing address showing on your Hokie SPA. To enroll in direct deposit, go to the Hokie SPA then click on Student Account Information and click on Enroll in Direct Deposit.

Q8: How do I cancel my federal student loans?

A8: Complete the Financial Aid Change form.

Q9: How will my financial aid be affected if I drop a class?

A9: It depends on when you decide to drop the class. Please contact our office at finaid@vt.edu or 540-231-5179.

Q10: What is a FERPA pass code?

A10: The Family Educational Rights and Privacy Act (FERPA) requires that students authorize the university prior to release of any academic record information to a third party. The disclosure will remain valid until the student removes the authorization. Students create a 8 character PASS CODE (alpha numeric) to be shared with their parent and/or guardian. The parent/guardian must disclose the pass code to the appropriate university official prior to receipt of any of the student's academic record information.


Hot Links

Want to budget your bill payment over several months?  Read more about the Bursar’s Budget Tuition Plan. 

Parents of dependent students need more aid?   Read and learn more about Federal Parent PLUS Loans. 

Graduate/Professional students need more aid?  Read and learn more about the Federal Grad PLUS loans.

Interested in private/alternative (non-governmental mostly for profit) loans?  Click here for more information.

Need to change or reduce your aid?  Click here for the Change Form.

Have you completed your student loan requirements?  Read More…


Contact Information

Office of University Scholarships and Financial Aid MC 0222

200 Student Services Building

Virginia Tech Campus

Blacksburg, VA 24061

 

Email: finaid@vt.edu

Ph: (540) 231-5179 
Fax: (540) 231-9139

Office Hours: 
Monday through Friday 
8:00a.m. to 5:00p.m.  
Closed for all University recognized holidays.

Our Federal School Code for FAFSA filing purposes is 003754.