2012–2013 Undergraduate Catalog

Financial Aid 

In order to administer its financial aid program in the most equitable manner, Viterbo University applies the nationally accepted “Federal Methodology” of need analysis to each financial aid application. This system determines the amount of aid you need to “bridge the gap” between your and your family’s resources and the actual cost of your education. Taken into consideration are such extenuating circumstances as large medical expenditures and other obligations affecting the family financial situation.

All need-based financial aid awards are for one year only. Students must reapply each year of attendance. Renewal is dependent on continued need for aid, maintenance of academic standards as outlined in the Student Handbook and continued funding.

Students are awarded aid drawn from approximately 30 federal, state, and Viterbo University programs. Students are usually offered a combination of scholarship, grant, loan, and employment opportunities. The average financial aid award package for a full-time Viterbo University undergraduate student living on campus is $16,444.

Application Procedures 

In order to be eligible to apply for financial aid, a student must be: 

• admitted to an eligible degree program or certificate at Viterbo University
• enrolled at least half-time (six undergraduate credits)
• a U.S. citizen or able to provide verification of status as a national, permanent resident, or refugee.
  

The following forms are the minimum requirements to apply for financial aid: 

• Viterbo University Institutional Data Form (IDF)
• Free Application for Federal Student Aid (FAFSA)
• Additional forms or documents may be requested on a case-by-case basis as needed.
  

Student Consumer Information 

Because of the large number of applications and limited amount of funds available, students are strongly encouraged to complete all necessary application forms as soon as possible to be given consideration for all types of assistance. Although financial aid applications will be accepted at any time, first consideration for available funds will be given to those students who have submitted all necessary forms by March 15.

Awards are made for the entire academic year (August through May) unless specifically stated otherwise. No aid can be disbursed to you until all required paperwork in completed. A separate application is required for summer sessions.

If financial aid does not cover semester charges, all students must be prepared to pay the difference between their financial aid award for the semester and their charges through personal funds.

If a student decides not to enroll for the first semester but intends to enroll for the second semester, the financial aid office must have written notification. Failure to notify this office will result in cancellation of all financial aid awards.

If a student withdraws from Viterbo University, a portion of the aid may be required to be returned according to the federal refund calculation (copies available in the financial aid office).

Students must notify the financial aid office of a change of address, marital, academic, financial, or enrollment status. Changes in any of these areas may result in a revision of the student’s financial aid awards. 

Institutional Programs and Scholarships 

Fine Arts Scholarships—Incoming full-time freshmen and transfer students talented in the areas of art, music, or theatre can receive scholarships of up to $1,000 per year.

Pre-professional Scholarship—A full, four-year tuition scholarship is awarded each year to one deserving incoming freshman majoring in a health profession. Student must enroll full-time and maintain a 3.50 GPA for renewal.

Tuition Exchanges—Viterbo University participates in the Catholic College Cooperative Tuition Exchange and the Council of Independent Colleges Tuition Exchange. Dependents of employees at participating institutions may be eligible for tuition benefits at Viterbo University.

Viterbo University Academic Scholarships—Incoming freshmen and transfers are automatically considered for these awards. Amounts range from $1,000–$11,000 per year based on the student’s academic history. Awards are renewable providing minimum GPAs are maintained.

Federal/State Grants and Scholarships

• Bureau of Indian Affairs Grant
• Federal Pell Grant
• Federal Supplemental Education Opportunity Grant
• R.O.T.C. Scholarship
• Talent Incentive Program (TIP) Grant
• Wisconsin  Covenant Scholarships
• Wisconsin Handicapped Grant
• Wisconsin Indian Grant
• Wisconsin Minority Retention Grant
• Wisconsin Tuition Grant
• Wisconsin Valedictorian Scholarship
  

Loans