| VIT HOME | Financial Aid Information |
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At VIT we believe in making a financial commitment to our students. If your desire is to receive a VIT education, we will do everything we can to make it affordable for you and your family. Approximately 60 percent of our students receive financial assistance. In 2011-12,VIT students received more than $2 million of institutional and financial support. Costs and BudgetOur costs for the 2013-14 Academic Year:
Financial Assistance If you are seeking financial assistance from VIT, you are required to submit a Free Application for Federal Student Aid (FAFSA) to Federal Student Aid Programs. To designate that a copy of your FAFSA be forwarded to VIT, please list our school code, E01689, on your FAFSA application. Those who submit this form prior to March 1 will have preference. Similarly, all other potential state and local sources of financial aid should be investigated, and the appropriate application should be completed by the stated deadlines. The VIT Merit Scholarship Program Your completed admission application, official secondary school transcript, and standardized test scores will serve as your application for VIT merit scholarships.VIT offers a wide variety of scholarships in addition to merit based awards. GrantsVIT Grant - Awarded to students with demonstrated financial need. Determined by Office of Student Financial Services Federal and State Grants - Students with financial need as determined by results of FAFSA application. Check applicable state grant deadline on the front page of the FAFSA form. LoansFederal Loan Programs -VIT participates in the Federal Perkins Loan and Federal Stafford Loan programs. These low-interest loans are awarded to students based on financial need and repaid after leaving college. The Office of Student Financial Services will provide you with more details. We also offer loans to Parents through the Federal Stafford Lending Program. EmploymentWork Study - Work study is money offered to students as part of their aid package that they can earn to assist with their educational expenses. Awards range from $200 to $2,000. *Merit awards are offered without regard for financial need. Students eligible to receive multiple scholarships/grants will receive at least the value of the highest award. It is our general college policy not to "stack" merit awards. Consideration for any additional Bethany College scholarships/grants will be based on financial need and requires the completion of the Free Application for Federal Student Aid (FAFSA). ** This listing represents the principal scholarships and awards offered by VIT. Priority for all financial aid is given to students accepted for admission before April 1. VIT Scholarship and gift assistance will not exceed the value of tuition.
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