Virginia Commonwealth Award (RU
Grant / Commonwealth Award)
What is a
Virginia Commonwealth Award?
Virginia
Commonwealth Award is a need-based state funded grant program. A Radford
University Grant recipient must be a legal resident of Virginia and
demonstrate financial need. The value of these
scholarships may vary according to the student's need, but may not
exceed the cost of tuition and required fees. You may not receive both
an Virginia Commonwealth Award and a VGAP award
at the same time.
Funding for this
program is limited and in order to be considered you must file your
FAFSA by the March 1, 2008 (for the 2008-09 academic year) priority
deadline. Receiving the award for one year does not ensure you will
receive it the following year.
How do I
qualify?
Students who wish
to be considered for the Commonwealth Award Program should file a
Free Application for Federal Student
Aid (FAFSA) before March 1, 2008 (for the 2008-09 academic year) and
before March 1, 2009 (for the 2009-2010 academic year). An RU Grant
award will appear on the Award Notification letter for those students
receiving this award. You must reapply for
financial aid each year.
Enrollment
and Satisfactory Academic Progress
All financial aid
is awarded subject to acceptance or readmission to the University as a
regular degree seeking student. A student is eligible for financial
assistance if she/he maintains satisfactory
academic progress. This progress is reviewed at the end of each
spring and/or summer term for the succeeding academic year.
Satisfactory progress for financial aid
purposes requires that the student maintain a minimum GPA and make
progress toward their degree.
How much money can I get?
You can receive
between $500 and $5,900 a year, depending on when you apply, your level
of need, and Radford University's funding level.
How will I be
paid at Radford University?
If you are awarded a
Commonwealth Award, it will be listed on your award letter as part of
your financial aid package. The total amount of your financial aid as
shown on your award notification will be paid in installments.
Generally, one-half of each award may be disbursed to you each semester
upon completion of the verification/review of
your file and acceptance of your award. Acceptance of your financial
assistance takes place by signing and returning one copy of your
financial aid notification letter. To complete the verification/review
process, send all requested information to the Financial Aid Office as
quickly as possible. You can check the status of your financial aid
application by using the Student Information
System. After your Commonwealth award has been verified, it will be
credited to your student account. Any credit balance remaining on your
student account after all University charges have been paid, will be
reimbursed to you after the start of the semester.