Student Accounts - Spring/Fall Information
As you know, the summer vacation months pass quickly. We encourage you to make plans now to meet your financial obligations for the upcoming academic year. ALL STUDENTS must return the Financial Obligation Worksheet to the SVC Business Office by August 1, 2007 (even if you expect a refund or receive reimbursement from your employer).
The Free Application for Federal Student Aid (FAFSA) must be completed each year. In addition, students must complete their state applications (VT, ME, MA, RI, CT, PA) for additional financial assistance. SVC now handles all processing of student financial aid and are located in Birchwood. Please be advised that grant money is awarded on a "first-come-first-served" basis.
If you have filed the above forms but have not received a Financial Aid Award Letter, our Financial Aid Office could need additional information from you. Please call the Financial Aid Office at 802-447-6306 or the SVC Business Office at 802-447-6326 or 802-447-6366.
After the Financial Aid Office receives all of the necessary forms and information, you will receive a Financial Aid Award Letter listing your anticipated financial aid for the upcoming academic year.
The Financial Obligation Worksheet is meant to assist both you and SVC in estimating your anticipated expenses for the coming year. This form is important!
Failure to return this form to the SVC Business Office by August 1, 2007, will result in your registration being dropped. If your registration is dropped, you will be considered a non-registered student.
As a non-registered student:
- Your place in class will not be held, even if paperwork is completed at a later date.
- You will be allowed to reregister for classes on a space-available basis if necessary paperwork is completed with the Business Office.
- You will lose placement in housing, and the Director of Residence Life will be notified.
- You will be ineligible for athletic teams, and the Athletic Director will be notified.
- You will be ineligible to serve as an RA, SGA member, or SOS leader.
If you have questions regarding the completion of the Financial Obligation Worksheet, contact the SVC Business Office. Incomplete forms sent to the Business Office will be returned to the student for completion, and the student's registration will be in jeopardy if the completed form does not reach the Business Office by the August 1, 2007, deadline.
If after completing the Financial Obligation Worksheet you anticipate a balance due to the College, you have several payment options:
- You may pay the anticipated “balance due” online using Visa or Mastercard, by check, or money order by August 28, 2007. If this balance is paid in full by check and postmarked by July 1, 2007, a 2% discount may be deducted from your total owed (after financial aid is deducted). (Payments made by Visa or Mastercard are not eligible for this discount.)
- If your financial aid is not sufficient to pay your entire bill, you may wish to consider one of the Southern Vermont College payment plans. The 10-month plan divides your anticipated costs for FALL AND SPRING SEMESTERS (less any expected financial aid) into 10 equal payments: July 1, 2007, through April 1, 2008. A 4% deferment charge is added after the first payment for use of this plan. The 4-month plan divides the anticipated SEMESTER costs (less any expected financial aid) into 4 payments: August 1, 2007, through November 1, 2007. A 4% deferment charge is added after the first payment for use of this plan. Please note that we do not send monthly bills. Save your copy of your payment plan agreement as your reminder to send monthly payments. Please indicate your desire for one of these payment plans on the Financial Obligation Worksheet. An individualized payment plan agreement will be sent to you from the Business Office for your signature and approval.
If after completing the Financial Obligation Worksheet you anticipate a refund, you must still complete and return the Financial Obligation Worksheet to the Business Office before the August 1, 2007, deadline. Refund checks will not be available until after the drop/add period AND a credit balance appears on your student account. Please note that Bookstore charges, fines, etc., charged to your account will reduce your refund. Also note that some loans are sent in two disbursements, resulting in a delayed appearance of a “credit balance” on your account. Make arrangements now to prepare for this “waiting period” before your refund check is available.
If you expect reimbursement from your employer, you must complete both sides of the Financial Obligation Worksheet and return it to the Business Office before August 1, 2007.
All students are billed for student health insurance ($325 per semester). If a student is already covered by another health insurance policy, the Insurance Waiver Card must be completed and returned to the Business Office prior to the first day of classes (8-27-07). Not all health plans are valid in every state. Before electing to waive student health insurance, we recommend that you contact your present health care provider to confirm your health insurance coverage while you are a student in
Please contact the Business Office at 802-447-6326 or 802-447-6366 if you have any questions regarding your bill or payment plan options. Please call our financial aid office at 877-563-6076 with questions regarding your financial aid. Please notify the Registrar's Office at 802-447-6324 with any changes to your registration, mailing address, or phone number. If you are planning to live off campus during the academic year, please provide this address and phone number when available.
Thank you.
Business Office
