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Financial Assistance Frequently Asked Questions

 

What are my chances of receiving financial assistance?
The only way to determine your eligibility is to submit the FAFSA, the VU Institutional Application for Financial Aid, and the necessary tax returns and W-2 forms.
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Where do I get the applications for Financial Assistance?
If you are a high school student, the FAFSA form is available from your High School Guidance office or on the web at www.fafsa.ed.gov. The Villanova University Institutional Financial Aid Application will be mailed to you if you indicate an interest in financial assistance on the application for admission. You can also download the Villanova University Institutional Financial Aid Application here.
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Upper class students will be sent a Renewal FAFSA email if they previously completed a FAFSA on the Web. Additionally, a VU Institutional Application for Aid will be sent to all students who previously applied for aid. If you do not receive an institutional application you can download one here.
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What are your application deadlines?
The FAFSA form along with our Institutional Financial Aid Application and all appropriate tax documents must be received by February 7th for incoming Freshmen, November 14th for Spring Transfer students, or July 16th for Fall Transfer students. Returning Undergraduates must have both of these forms including appropriate tax documents received in our office by April 30th. See the Key Dates page for more information.
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What if our taxes will not be completed by your deadlines?
Although we encourage you to complete your tax returns before completing the application process, we understand that sometimes this is not possible. You may use estimated amounts on the FAFSA form and write a letter of explanation or send a copy of your Tax Extension to the Office of Financial Assistance by the published deadlines for applying for aid. We would only be able to award tentative financial assistance, contingent upon receiving completed tax returns for the prior year. Once we receive your completed tax returns the file will be reevaluated and aid may be adjusted if necessary.
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Do I need to apply for assistance before I know if I have been admitted?
Yes. The majority of our students are notified of admission status on or about the third week of March. This is after our deadlines for both the FAFSA and the Institutional Financial Aid Application. You may apply after these deadlines; however, we cannot guarantee that institutional and/or certain Federal funds will remain available.
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I'm only interested in merit-based money. Who do I contact?
Scholarships at Villanova are typically selected by committees formed by the Office of University Admission. However, the University also requires that you complete the FAFSA and the institutional aid application. You may also go to FastWeb regarding privately sponsored scholarship information.
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When can I expect to receive the tuition bill?
Student account billing is presented electronically.
The bill for the Fall semester usually is available through the Bursar's Office webpage before the 12th of July and is due around August 10. The bill for the Spring semester is available in mid-November and is due around December 10.  More information on billing and many other subjects may be found in the Parents' Handbook at www.parents.villanova.edu or on the Bursar's site at www.bursar.villanova.edu.


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What is Work Study?
Work Study is a need based financial assistance program that allows students to work on campus during the academic year. Students receive a paycheck bi-weekly for hours worked. Funds for work study are paid directly to the student and are not credited to the tuition account.
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Am I required to work during my freshman year?
Work-study jobs are included in financial aid packages, and most students elect to work ten to twelve hours a week. However, if you elect not to work, you may request an alternative loan in lieu of all or part of your work-study job.
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I just received my Student Aid Report (SAR). The Processor says I need to make corrections. How do I do this?
Make any necessary corrections on part 2 of the SAR, then sign and return the form to the address listed. If you wish to make corrections on-line, you may also do so as long as you and one of your parents have your U.S. Department of Education PIN to sign off on the corrections.
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What if I need to speak to a financial assistance counselor?
Usually your questions can be answered by any one of our student services representatives. However, if there are special circumstances that you would like to discuss with an administrator, you may ask for an appointment.
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What is Villanova's Title IV School code?
003388

What if I want to apply for assistance at more than six schools? The FAFSA only lets me list six at a time.
We ask that Villanova be one of the first 6 schools listed. However, if Villanova is not listed on the FAFSA, you may replace one of the other schools listed on your Student Aid Report. You may do so by making the change directly on your paper Student Aid Report and returning it to the Central Processor by calling 1-800-433-3243, or by making the corrections on-line.
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What do I do if I feel that I have a "special circumstance?"
If there is anything you feel should be brought to our attention, contact our office in writing so we may have a record of these circumstances. Depending on the circumstances, we may be able to use this information in determining financial need.
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What happens to my financial assistance in my second year? Does Villanova reduce the grant automatically?
Villanova University has a commitment to our students. Therefore, if the financial need does not change in the second year, the grant will remain the same. However, since circumstances may change either for better or worse, we evaluate financial need every year.
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