.

Allied Health Programs

FAQ's

What is the school code for the VUMC Programs in Allied Health?
When can I expect to hear about my award?
How long after I begin my program before I can expect to have my first loan or Pell disbursement?

How will I receive the funds and pay my fees?
If I receive an outside scholarship check payable to me, what am I supposed to do with the check?
What happens if I receive aid and I later withdraw from school?
How do I arrange for repayment of a loan?

What are the current interest rates on Stafford loans?
Are scholarships available?
What is the satisfactory academic progress policy?
What kind of changes should I report?
What role does my family have in financing my education?

What do I do if my family's circumstances change?
My parents will no longer help me with school. How can I change my status to 'independent' for financial aid purposes?
My parents no longer claim me on their tax form. Doesn't this make me independent for financial aid?


What is the school code for VUMC Programs in Allied Health?

Our school code is E01032. You will need this code on your FAFSA if you intend to apply for financial aid at VUMCPAH. 

 

When can I expect to hear about my award?
Once your FAFSA has been submitted and accepted by the Department of Education and we have been notified that you have been offered and accepted into a program here at VUMCPAH, you can expect to get some correspondence from the financial aid office.  If you have not heard from our office within 30 days of the beginning of the program, please call us at 615-322-5259.



 
How long after I begin my program before I can expect to have my first loan or Pell disbursement?

VUMCPAH requires that you be enrolled in your program for 30 days before financial aid processes begin.  Since it typically can take as long as 30 additional days for paperwork to be completed and the funding processed, you need to be prepared to have living expense funding for the first 60 days of the program, at the very least.  If you are a financial aid recipient, tuition and most fees are NOT required from you until your financial aid funds are in place. 


 
How will I receive the funds and pay my fees?

You must be enrolled in your program for a minimum of 30 days before financial aid processing is begun. If you are applying for financial aid, no tuition or fees are required prior to your receipt of financial aid funds. 

 
All federal financial aid is disbursed in a minimum of two payments per award year, one at approximately 60 days after the beginning of the program and one at the mid-point of that academic year.  Any Pell grant funds are initially credited toward the student’s account balance before any loan funds are considered. All loan funds are received by Electronic Funds Transfer (EFT) into the VUMCPAH loan funds account, then credited toward the balance of the student’s account. Any remaining funds are then disbursed by check to the student.


 

  

If I receive an outside scholarship check payable to me, what am I supposed to do with the check?
You may cash the check or make it payable to VUMC for application to your student account.  You are required, however, to report any outside scholarship awards you are or will be receiving, as they are considered to be a resource and must be taken into account in your financial aid package. 

 

What happens if I receive aid and I later withdraw from school?

If you leave school before the end of the program and you received financial aid, you may discover that you owe a refund or a repayment to the aid program(s) which helped you. If a student receives any financial assistance from any sources, any refund issued will be returned to the source of financial assistance as dictated by policy. The policy on allocation of refunds and repayments on student financial assistance programs is available in the VUMCAHP Financial Aid Handbook for Students, a copy of which is available in the financial aid office. 

 

How do I arrange for repayment of a loan?

Upon leaving school, whether by withdrawal, termination or graduation, you must have an exit interview. This can be accomplished by scheduling an appointment with the financial aid office, or completing the required interview online at http://www.nslds.ed.gov/. After completion of your exit interview, the Federal Direct Loan Program will be notified and will contact you with repayment information at the appropriate time.

 

What are the current interest rates on Stafford loans?
Beginning July 1, 2012 through June 30, 2013, the interest rate for the Stafford subsidized and unsubsidized loans are fixed at 6.8%. Stafford PLUS loans are fixed at 7.9%. 
 
Are scholarships available?

Please check with the Program Director for your selected program for information about scholarship offerings in your chosen field of study.  You can also review numerous scholarship search sites available on the web, such as www.fastweb.com, your state guarantee agency, the national professional agency for your program, or your current employer for tuition reimbursement options. 

 

What is the satisfactory academic progress policy?

In order to carry out the statutory requirement that a student must maintain satisfactory progress to be eligible for student financial aid programs, federal regulations require that all schools publish a satisfactory academic progress policy. Students in the VUMC Programs in Allied Health who are receiving financial aid from Federal Title IV funds must maintain SAP as set forth by the programs to remain eligible for financial aid. These standards are applied consistently to both aid recipients and non-aid recipients. A copy of the SAP policy for each program is available in the Financial Aid Handbook for Students, as well as from the respective Program Director. 

 

What kind of changes should I report?
  • Name change
  • Change of address (or parent’s address)
  • Dropping below half-time enrollment status
  • Changes in family financial situation due to death, divorce, marriage, disability, long-term unemployment or low income
  • Withdrawal from school
  • Transfer to another school
  • Joining the military, Peace Corps or VISTA
     
What role does my family have in financing my education?
 If you are an undergraduate, your family is considered to be your main source of funding for your college education. One goal of the Financial Aid Office is to compare the cost of attending VUMC Programs in Allied Health with the financial contributions, if any, which will be made by you and/or your family. This is done by finding the difference between the total cost of attending school and the ability of your family to help with those costs. The basis for determining need is the processed Student Aid Report. Independent student applicants file using their own income asset information and that of their spouse, if applicable.

Costs include living expenses, registration fees, book and supplies, personal expenses and travel. In determining your, your family’s, or your spouse’s capacity to help, the following are considered:

  • Your parents’ income and assets, family size, family members attending college, etc. (if you are a dependent student)
  • Your own income and assets and expected savings
  • Your spouse’s income and resources, if you are married
  • Your receipt of outside scholarships or other resources

 

What do I do if my family's circumstances change?
If you have already applied for financial aid and received a financial aid award, you should submit a written appeal which outlines the change to your family circumstances.  Your written appeal should include documentation of the change (e.g. loss of employment, unusual unreimbursed medical expenses, change in marital status, etc.).
 
My parents will no longer help me with school. How can I change my status to 'independent' for financial aid purposes?

You probably cannot. Dependency for financial aid purposes is defined to include all students who are undergraduates and who are under the age of 24, not married, not supporting dependents of their own, not veterans, and not orphans or wards of the court. Even if your parents choose not to help you with school, their income and assets are used to determine how much they could pay, and financial eligibility is based upon this information.

 

The only exceptions are when there is a complete breakdown in the parent-child relationship, such as might happen in situations involving abuse. If this is the case, consult with a financial aid advisor for help in documenting your situation.

 

My parents no longer claim me on their tax form. Doesn't this make me independent for financial aid?

No. Whether or not your parents claim you on their taxes has no bearing on your status for financial aid.

 

This page was last updated December 17, 2012 and is maintained by