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Financial Aid FAQ

I have been awarded an outside scholarship. How do I inform the Office of Student Financial Services?

If you have been awarded a scholarship from an outside organization, please complete the Outside Scholarship Survey. To access the survey, log in using your Vassar email username. (Email account information will be sent to you in mid-May in your matriculation packet.)

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If my financial aid award includes a Vassar Scholarship, is there anything I need to do?

Complete the Financial Aid/Development Scholarship Survey Form. To access the form, log in using your Vassar email username. (Email account information will be sent to you in mid-May in your matriculation packet.)

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I am a New York State resident. Do I need to submit a TAP application?

Yes. All New York State residents are required to submit a TAP application. If you are eligible for a TAP grant and you fail to submit the TAP application, then Vassar will not make up for the loss of funds with additional Vassar Scholarship. See also: Information regarding TAP and how it affects your Vassar Scholarship (PDF).

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My financial aid award has a Federal Direct Loan listed. What do I have to do next?

In order to receive the loans you will need to complete a Master Promissory Note (MPN) and Loan Entrance Counseling. Please refer to the Loans guide for step-by-step instructions.

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Are there loans to help cover the portion of the bill not covered by my financial aid package?

Yes. Students are eligible for an additional $2,000 Unsubsidized Direct Stafford Loan, and parents are eligible for a Federal Direct parent Loan for Undergraduate Students (PLUS). Find out how to apply for these loans.

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I am an international student. What do I need to do for my Vassar International Loan?

There is nothing you need to do at this time. After you receive your Social Security Number (probably in October or November), you will be sent instructions regarding completing the Vassar International Loan.

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I would like to decline my loan and/or work study. How do I do that?

If you wish to decline any portion of your financial aid award you can do either of the following: send an email to finaid@vassar.edu stating what you wish to decline, or return a copy of your award letter with an X in the Decline field next to the award you are declining.

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Will I have to pay taxes on my scholarship or grant?

Scholarships and grants used solely for tuition, enrollment fees, books, and supplies and equipment required for course work are not subject to taxation. If your scholarships and grants exceed these amounts, then you may be subject to taxation. Scholarship recipients, both U.S. citizens and international students, should familiarize themselves with the provisions of the Tax Reform Act of 1986 that relate to scholarships and grants. For more information, see Taxation of Scholarships and Grants.

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Are there loans to finance computer purchases?

U.S. citizens and permanent residents are eligible to borrow a Federal Student Loan or a Federal PLUS Loan to cover the cost of a computer and printer. For more information, see Computer Purchases and Federal Financial Aid.

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