Financial Aid and Registration for Summer 2012

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Summer registration begins for currently enrolled students on Monday, March 26, 2012.  The 2012 Summer Aid Application will also be available beginning March 26th and must be completed to be considered for summer assistance.  The priority deadline to complete this application is April 20, 2012.  If we receive your summer aid application after April 20, 2012, your financial aid will not be available by the tuition due date on May 4, 2012. If you submit your summer aid application after April 20, 2012, you will need to have another way to pay for your tuition and fees, as well as any bookstore charges.

Detailed information regarding the summer aid process and the summer aid application will be available on our website.

It is important to read the information before applying for summer aid.  You can also pick-up the information from Financial Aid Services in Griffin Hall, Room 212 (Hampton) and at the Historic Triangle Campus (Williamsburg).

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Keeping it Simple – Managing your Student Loan Debt

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The U.S. Department of Education will offer qualified borrowers a short-term loan consolidation opportunity from January through June 30, 2012, as announced on October 26, 2011. To help provide guidance to your students, keep in mind the following details.

  • This program is not yet available and not everyone will qualify. Beginning in January, federal loan servicers will contact student loan borrowers who qualify.
  • It’s important for borrowers to wait for eligibility notification and application instructions to determine if they qualify. After receiving instructions, qualified borrowers will be able to apply through a new online process.

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Scholarship and Loan Forgiveness Programs Now Open for Students in Automotive Aftermarket Field

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The Specialty Equipment Market Association (SEMA) is now accepting applications for its 2010 Scholarship and Loan Forgiveness programs. These programs are available to students preparing for a career in the automotive industry at any college, and to recent graduates working for SEMA member companies. SEMA is a trade association whose members are manufacturers, distributors, retailers, publishing companies, auto restorers, street-rod builders, restylers, car clubs, race teams and more. SEMA members make, buy, sell and use all kinds of specialty automotive parts and accessories.

The SEMA Memorial Scholarship Fund is dedicated to fostering the next generation of industry leaders and innovators, offering scholarships to today’s brightest students at universities, colleges and/or vocational schools in the United States and Canada. Awards range from $1,000–$2,000, with $4,000 going to the top student.

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Thomas Nelson Community College Moving to Direct Lending

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Beginning with the 2010 summer semester, Thomas Nelson Community College (TNCC) will participate exclusively in the Federal Direct Student Loan Program which includes Subsidized Student Loans, Unsubsidized Student Loans and Parent Loans. TNCC previously participated in the Federal Family Educational Loan Program (FFELP) and students were required to choose a private lender.

The Federal Government is the lender in the Direct Student Loan Program. Students and parents interested in federal student and parent loans will be required to apply through the Direct Student Loan Program and complete new master promissory notes.

More information will be sent to students at their VCCS e-mail addresses.

An important update for Student Loan Borrowers

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The U.S. Department of Education has information available about the Public Service Loan Forgiveness (PSLF) Program that may be of interest to you when you begin repayment of your student loans. The Question and Answer section details which loans, payments, and employers are required to be eligible. Visit the Federal Student Aid website for more information.

The Health Resources and Services Administration has extended the application deadline for the Nursing Education Loan Repayment Program to March 11, 2010. Registered nurses (who have completed training), working at least 32 hours a week in certain non-profit health care facilities may be eligible to have some of their qualifying student loans repaid in exchange for their service.  Visit the Health Resources and Services Administration website for more information.