Terms & Conditions for Students
All financial aid awards are subject to the following conditions:
- Your financial aid award has been based on the documented financial information you submitted at the time you applied for aid. This offer of aid is subject to change upon receipt of additional financial information, changes in course load, lack of funding, or any other reason consistent with VU policies and procedures.
- Financial aid is awarded on an annual basis and assumes a full time enrollment status unless otherwise noted by the Financial Aid Office. You are required to notify the Financial Aid Office if you will not enroll full time (minimum of 12 units per semester for undergraduate and 9 units for graduate). It is possible that your financial aid award offer with be adjusted based on a less than full time enrollment status.
- You must notify the Financial Aid Office of all additional financial resources that you will receive during the academic year (i.e. church and private scholarships, Veteran’s Assistance, etc.). Receipt of other outside assistance may cause an adjustment to other aid offered to prevent overaward situations
- You must maintain Satisfactory Academic Progress toward your degree. Failure to meet the qualitative and quantitative progress requirements will result in your disqualification from receiving future financial aid assistance.
- Financial aid is not automatically renewable. In order to qualify for federal financial aid and/or need-based institutional financial aid, you must apply by completing a Free Application for Federal Student Aid (FAFSA) each academic year.
- Financial aid is applied directly to the student’s account and is divided between semesters if awarded for the academic year. Financial aid will not be confirmed to the Office of Accounting Operations not will loan applications be processed until your Financial Aid file is complete and verified.
- Federal financial aid provided must be coordinated with all forms of aid (Cal Grant, academic, talent, etc.). Because if state and federal regulation, it is possible that aid from other sources may be reduced to avoid overawarding.
- Students withdrawing or dropping below full time during a semester may expect to have their financial aid reduced or cancelled.
- Institutional aid is awarded and available for Fall and Spring semesters only. Institutional aid is not available for the summer term.
- Institutional aid is not available to study abroad students.
- A student has the right to decline or accept any or all of the financial aid awarded. Accepting and declining of awards is done via the myVU Portal. You may appeal the financial aid award by submitting a written appeal to the Financial Aid Office.
- Students are responsible for reading the terms and conditions outlined above.
Code of Conduct for Financial Aid Office Staff
Vanguard University’s Financial Aid professionals are expected to always maintain exemplary standards of professional conduct in all aspects of carrying out his or her responsibilities, specifically including all dealings with any entities involved in any manner in student financial aid, regardless of whether such entities are involved in a government sponsored, subsidized, or regulated activity.
Vanguard will not recommend a lender in exchange for the lender providing material benefits to the institution or Vanguard employees.
Vanguard will not accept gifts from lenders or servicers including gratuity, favor, discount, entertainment, hospitality, loan, or other item valued at more than a nominal amount. (Examples are gifts of services, transportation, lodging, or meals.) The term “gift” would not apply to informational material related to loans or financial literacy. Similarly, food, refreshments, training, or informational material that is an integral part of a training session designed to contribute to the professional development of Vanguard’s employees would be permitted.
Entrance and exit counseling provided by lenders or servicers would be permitted, provided that a Vanguard staff member controls the counseling and that the counseling does not favor a single lender.
Vanguard employees will not accept a gift for themselves or a member of their family or friend from any business entity involved in any aspect of student financial aid.
Vanguard will not accept any private loan funds from a lender in exchange for our providing any concessions or promises to the lender.
Vanguard staff will not participate in any lender advisory councils. We may offer advice to lenders in order to improve their products and services for borrowers, as long as no compensation is provided.