Tuition/Fees & Financial Aid
Financial Aid Verification: The Financial Aid Officer conducts 100% verification of ALL financial aid applications for federal aid. The Free Application for Federal Student Aid (FAFSA) must be completed to conduct verification and determine eligibility. You may complete the FAFSA at www.fafsa.ed.gov. Students and/or parents should use the IRS Data Retrieval Tool (IRS DRT) that is part of FAFSA on the Web. If unable to do so, IRS Tax Return Transcript(s) will need to be submitted. A Verification Worksheet along with other documents may be required depending on the individual situation and type of aid.
Financial aid will not be disbursed to the student until verification has been completed.
DRMC School of Health Professions students may be eligible for financial aid including the following:
Pell Grant Program – Eligibility is determined on the basis of financial need as determined by the U.S. Department of Education. No repayment is required.
Federal Direct Loan - Subsidized loans (based on need) and unsubsidized loans are available to eligible students. Repayment begins six months (grace period) after last day of attendance. Subsidized loans are loans for which the borrower is not responsible for the interest while the student is enrolled at least a half-time basis, but interest will accrue during the grace period. Interest on unsubsidized loans begins to accrue after the first disbursement.
The Department of Education has a website that will serve as a portal for Direct Loan borrowers to manage their Direct Loans. Borrowers will use the StudentLoans.gov web site to:
- Complete Entrance Loan Counseling
- Complete a Direct Loan Electronic Master Promissory Note
- View electronic loan correspondence such as disclosure statements
- Link to other tools and resources
- Complete Exit Counseling
To apply for a Direct Loan
- File the FAFSA (Free Application for Federal Student Aid) at www.fafsa.ed.gov.
- Contact the Financial Aid Officer to obtain a Loan Request form.
- Complete online entrance counseling and sign an electronic Master Promissory Note (MPN). These may be completed at www.studentloans.gov. You will use your PIN that you used for your FAFSA to electronically sign the note.
Federal Direct PLUS Loan—Parents of dependent students may apply for a PLUS Loan to cover Cost of Attendance minus other aid awarded (including federal direct loans). Students must first file the FAFSA and apply for the maximum Federal Direct Loan.
Debt Management and Financial Literacy
Managing debt is very important, while in school and after your education is completed. There are several key steps that you can take to ensure successful debt management:
- Know your lender/servicer. You can always review your federal student loan history on the website of the National Student Loan Data System (NSLDS): www.nslds.ed.gov. Keep in mind that if you have a federal student loan prior to July 1, 2010, it may be sold in the secondary market, although in many cases the loan servicer may not change. Federal loans after July 1, 2010, will have the US Department of Education as the lender and guarantor. The Department will assign your loan to a servicer once in repayment.
- Borrow responsibly. Borrow only what you reasonably need to meet your costs of education here at DRMC.
- Maintain financial literacy. Understand the consequences of managing money and credit by engaging one of the many options for financial literacy:
Health Focus of Southwest Virginia – Awarded to students who demonstrate a need and are approved by the Health Focus of Southwest Virginia Scholarship committee. If program is not completed, repayment is required. Repayment is managed through Health Focus of Southwest Virginia.
J.T.-Minnie Maude Charitable Trust – This trust provides higher educational opportunities through financial assistance to deserving and needy students in Danville/Pittsylvania County and surrounding areas. Applications are available online at http://jtmm.org. Click on the “Scholarship”: tab for complete guidelines and requirements.
Danville Regional Medical Center Auxiliary/Volunteers Scholarship – Open for Danville Regional Medical Center current employees and volunteers and their immediate families (current spouses, children, step-children or grandchildren) who are pursuing a career in the medical field. Applications are available online at www.cfdrr.org.
Susan L. Edwards Memorial Scholarship – Open for students who are pursuing the field of radiologic technology. Applications are available online at www.cfdrr.org.
Contact the Financial Aid Officer for information on other scholarships that may be available.
Other – The School is approved for participation in programs such as Workforce Investment, Trade Act, and Veterans’ Benefits when students eligible for such programs are accepted by the School. Any repayment is managed through the individual agency.
Rights and Responsibilities
Payment Policy for Student Accounts
Financial Aid Code of Conduct
Academic Transcripts and Degree