Financing Your Education

 

Cost should never be a barrier to higher education, which is one of the reasons we created the truED model.  However, even with our significantly lower tuition costs you may still need some financial assistance. You may be eligible for a variety of financial aid programs, including Pell Grants, Federal Stafford Loans, and grants from your home state grant agency.

Conditions for financial aid assistance:

  • Must be either a citizen or eligible non-citizen of the United States
  • Must have a valid Social Security number
  • For federal aid you must be enrolled in a degree program
  • For student loans, must be enrolled at least half-time (6 credits)
  • Cannot owe a refund on a federal student grant nor be in default on a federal student loan
  • Must meet minimum standards of academic progress as outlined in the The Champlain College Student Handbook

Financial aid awards are made after you register, as the amount you are granted depends on the number of credits you are taking per semester.

To be eligible for most student loans you must be enrolled at least half-time (6 credits) in a degree program (certificate programs are not eligible for Federal financial aid). If you receive aid, you must meet certain enrollment requirements such as attending each class for which you are registered. Failure to comply with these requirements can result in the reduction or cancellation of your financial aid award, leaving you personally liable for payment.

Also, remember to keep copies of your financial aid information for your files. The Financial Aid Office may request financial aid applications for each new academic year. 

Note: Federal financial aid is only available for associate, bachelor's, and master's degree programs. Standalone certificate programs are ineligible for financial aid.

How to Apply For Financial Aid

  • Complete and submit the FAFSA (www.fafsa.ed.gov)

    The FAFSA is our official application for federal aid and is also required by most states in their grant application process. Our Title IV School Code is 003684.

    Please submit your FAFSA information as soon as possible, even if you have not completed the application process. That way, when you are accepted and ready to register, your financial aid paperwork will already be underway and you won't be stuck waiting for word of your financial aid status!

    We encourage you to use completed tax information when completing the FAFSA, but when necessary estimated figures may be used. Financial aid awards based on estimated financial information will be subject to review and revision once taxes are finalized.
  • Complete and submit a state grant application

    Vermont residents may apply for a VSAC grant after January 1st. [VSAC website]

    Students from other states should contact their state grant agency for further information and application procedures.