Victory University 2012-2013 Academic Catalog

For Unsubsidized Federal Direct Loans, interest will accrue on your loan while you are in school,
during the grace period and authorized periods of deferment. You will have the option to pay
the interest while you are in school, or not make any payments while at least enrolled halftime.
If you do not make interest payments, the interest will be capitalized (added to the
principal) at repayment. Repayment of principal and interest begins six months after you
graduate or stop attending at least half time.
PROCESSING YOUR FINANCIAL AID
When the SFC counselor receives your financial aid application, it will be reviewed for accuracy,
completeness, and compliance with federal guidelines. If something has been omitted from
your application or if additional information is needed, you will be notified by letter.
YOUR OFFICIAL FINANCIAL AWARD NOTICE
After the SFC counselor has processed your request for financial assistance, you will be notified.
You will receive a Student Financial Aid Award Notice, which indicates the types of aid you are
eligible to receive. Once eligibility has been determined, the SFC counselor will schedule your
Federal/State aid for payment, if applicable, and certify the loans you have requested.
Students who receive financial aid will be given award letters and official notices of financial
aid. Credits from loans and grants will be available when all financial aid documentation is
received and reviewed. The student will be expected to pay the remaining account balance not
covered by the student’s financial aid. The account balance must be paid no later than two
weeks after the start of each term. Students on the University Work-Study Program, the
Regular Work Program, or recipients of Veterans’ Administration benefits also will be expected
to pay all fees at registration.
Students should be aware that should they have concerns or complaints about their program or
their financial aid, the University has a complaint procedure. To the extent possible, students
should seek a resolution of such matters through the institution’s Student Grievance Policy,
found in the Student Handbook, before involving others. Should the institution be unable to
resolve the problem, the student should contact the U.S. Department of Education
Ombudsman’s office toll free at (877) 557-2575.
REPAYMENT OF FEDERAL FINANCIAL AID
The student will be notified of the amount owed at time of withdrawal. However, Victory will
not be liable for the owed amount if we cannot collect the repayment from the student. In
such a case, the student is ineligible for further Student Financial Aid funds and must be
reported as being in overpayment status on any Financial Aid Transcript.
VICTORY UNIVERSITY REFUND POLICIES
Victory will implement the following refund polices regarding total withdrawal from school, as
well as the refund schedule for dropping a class. In addition to Victory’s institutional policies
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