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Federal Financial Aid Policies and Forms

Federal Financial Aid Policies

For more information on financial aid at VIU, please review the various institutional policies listed below:

  • Satisfactory Academic Progress (SAP)
  • Refund & Withdrawal Policy
  • Attendance Policy
  • Return of Title IV Funds
  • Disbursement Process (Information is below)
    1. The Financial Aid Office packages the student with their eligible federal financial aid
      1. Student submits VIU Federal Financial Aid Application to the Financial Aid Office
      2. The Financial Aid Office determines qualifications and facilitates all appropriate financial aid paperwork
      3. The Financial Aid Office confirms the student is complete in financial aid
    2. The Financial Aid Office prepares a draw sheet of eligible funds that can be disbursed
      1. The Financial Aid Office prepares data of all aid that can be disbursed for each account for a given draw date
      2. The Financial Aid Office submits the data to the Accounting Department
    3. The Accounting Department verifies and draws federal funds
      1. Accounting verifies federal aid disbursement data received from Financial Aid Office
      2. Accounting verifies availability of funding for proposed student aid awards (funds available in federal government portal)
      3. Accounting follows instructions required for aid disbursement
      4. Accounting verifies the correct fund amounts were drawn by keeping receipt records
      5. Accounting enters appropriate information into CAMS to apply aid to students' accounts
      6. Accounting confirms with Financial Aid Office that the draw is complete

Disbursement dates will be the 10th day after the start of a semester or session.

Financial Aid Forms & Worksheets

2016 - 2017 Forms