PREVIOUSLY SOUTHSIDE VA TOBACCO LOAN FORGIVENESS PROGRAM AND
SOUTHWEST BURLEY TOBACCO SCHOLARSHIP PROGRAM Slide 2 SOUTHSIDE LOAN
FORGIVENESS PROGRAM FY 03 FY 124,669 STUDENTS TOTAL AWARDS
$24,287,781. Residency based Enrolled in a degree-seeking program
at a 4-year college or university, in-state or out-of state, public
or private. $4,130 per year = Maximum award Employment in Southside
Region = Forgiveness of 1 year of assistance after completing 1
full year of employment Not employed in Southside Region = Total
repayment of assistance received. Slide 3 One degree per person,
per lifetime Repayment deferred as long as award recipient was
enrolled in qualifying courses (Graduate School) One-year Grace
Period after graduation from college to find employment Minimum
monthly payment = $100 Up to 10 years to repay 4 local Community
Colleges also receive funds Slide 4 Jane Doe 4 years of enrollment
BS + 2 years of Graduate School + 1 year Grace Period + 10 years to
repay = 17 years minimum to fully repay. Excludes Military Tenure,
Medical Residency, etc. Slide 5 SOUTHWEST BURLEY TOBACCO
SCHOLARSHIP SOUTHWEST BURLEY TOBACCO SCHOLARSHIP FY 03 FY 12 2,851
STUDENTS TOTAL AWARDS$9,430,398 Residency-based Enrolled in a
degree-seeking program at a 4- year college or university, in-state
or out-of state, public or private Direct linkage to former tobacco
quota holder or grower Awarded as a scholarship/grant $2,750 per
year Maximum Award Not a loan; therefore, neither repayment nor
forgiveness attached. Slide 6 One degree per person, per lifetime.
4 local Community Colleges also receive funds Slide 7 Slide 8
Residency based MUST be a legal resident of the United States,
having lived within the footprint of the Virginia Tobacco
Commission for not less than 12 months with no ties to any other
state. Currently enrolled in a degree-seeking program at a 4-year
college or university for a minimum of 6 semester hours or its
equivalent. College or university can be public or private,
in-state or out-of-state. MUST be in good standing with the college
or university. Slide 9 Applying College Freshmen MUST submit a copy
of his/her college acceptance letter from the college/university
he/she will attend. Southwest Virginia Residents MUST be a direct
descendant (spouse, child, grandchild, step- grandchild) of a
former tobacco quota holder or grower, during 1998 - 2004. Nieces
or nephews are not considered direct descendants. Living on a farm
does not make an applicant eligible for the Southwest scholarship.
Slide 10 AWARD AMOUNTS SOUTHSIDE TOBACCO LOAN FORGIVENESS PROGRAM:
$4,130 per funding cycle (FA, SP, and SU semesters) SOUTHWEST
BURLEY TOBACCO SCHOLARSHIP: $2,750 per funding cycle (FA, SP, and
SU semesters) VIRGINIA TOBACCO REGION SCHOLARSHIP: $90 per semester
hour or $100 per semester hour for Community College Transfers.
Employment Bonus after graduation. Slide 11 Assistance will be
provided for tuition and academic fees ONLY. Virginia Tobacco
Region Scholarship assistance is provided as a Last-Dollar Effort,
i. e. any and all other financial aid that can be used for ONLY
tuition and academic fees must be applied to the award recipients
account before assistance received through this program. If no
tuition or academic fee balance remains, no award will be issued
under this program. Slide 12 Any assistance that can be used for
the Total Cost of Attending College should be applied to those
other costs with the students account for tuition and academic fees
marked PENDING for the award from the Virginia Tobacco Region
Scholarship Program. Assistance will be provided for up to 120
semester credit hours. Repeated courses are not covered under this
program. Slide 13 AWARD GUIDELINES Once an applicant becomes an
award recipient, he/she can receive an award for each year until
graduation so long as eligibility requirements are met. Therefore,
returning students will always be awarded as first priority. Second
Priority will be given to Upcoming College Juniors and Seniors with
a declared STEM-H major, including Community College Transfers,
rank ordered by cumulative GPA Next are the Upcoming College
Juniors and Seniors who are enrolled in declared majors other than
STEM-H, including Community College Transfers, ranked ordered by
cumulative GPA. Slide 14 This priority is followed by Upcoming
College Sophomores, rank ordered by GPA; and, Finally, Upcoming
College Freshmen with an acceptance letter from a 4-year college,
rank ordered by GPA. All awards are dependent upon funds remaining
in the program. When all funds have been allocated, the respective
program will be closed. Slide 15 Slide 16 APPLICATION ENTERED
ONLINE SUPPORT DOCUMENTATION RECEIVED AWARD IS APPROVED NAME OF
APPLICANT ENTERED ON COLLEGE LISTING COLLEGE REP ABLE TO SEE
LISTING REP VERIFIES ATTENDANCE AND ENTERS ENROLLMENT HOURS Slide
17 Slide 18 FINANCIAL AID OFFICERS: CALCULATE AWARD FROM THE
VIRGINIA TOBACCO REGION SCHOLARSHIP PROGRAM AS PART OF THE TOTAL
FINANCIAL AID PACKAGE NOT TO EXCEED THE TOTAL COST OF ATTENDING
COLLEGE. INFORM STUDENT/PARENTS THAT PAYMENT FROM THE VIRGINIA
TOBACCO REGION SCHOLARSHIP WILL NOT BE RECEIVED UNTIL AFTER YOUR
LAST DROP/ADD DATE. Slide 19 PROVIDE CORRECT E-MAIL ADDRESS FOR THE
PERSON(S) AT YOUR COLLEGE OR UNIVERSITY WHO SHOULD RECEIVE
CORRESPONDENCE FROM THE TOBACCO REGION SCHOLARSHIP PROGRAM.
CURRENTLY, OUR CONTACT LIST IS MOSTLY MADE UP OF REPS IN STUDENT
ACCOUNTS. IF YOU OR SOMEONE IN YOUR OFFICE WOULD LIKE TO RECEIVE
THIS INFORMATION, SEND YOUR MAILING INFO TO
[email protected]@swcenter.edu DETAILED INFORMATION
LETTERS WILL BE MAILED THE LATTER PART OF JUNE, 2012. Slide 20
STUDENT ACCOUNTS/BILLING STUDENT LISTING WILL CONTAIN ALL
INFORMATION NECESSARY TO PROCESS PAYMENT, INCLUDING A STUDENT
AUTHORIZATION COLLEGE/UNIVERSITY REP WILL LOG INTO STUDENT LISTING
THROUGH A PORTAL, USING AN ASSIGNED PASSWORD. Slide 21 COLLEGE REP
WILL VERIFY STUDENT ENROLLMENT AND ENTER THE NUMBER OF ENROLLMENT
HOURS FOR EACH STUDENT. WHEN ENROLLMENT HOURS ARE ENTERED, THE
AMOUNT OF THE STUDENT AWARD WILL AUTOMATICALLY BE CALCULATED, BASED
ON THE INFORMATION IN THE TOBACCO REGION SCHOLARSHIP OFFICE Slide
22 WHEN THE ENROLLMENT LISTING IS COMPLETED AN EMAIL WILL BE SENT
TO [email protected], AND THE INVOICE PROCESSED AS USUAL.
[email protected] IF AN AWARD RECIPIENT DROPS OUT OF SCHOOL,
EITHER A FULL OR PARTIAL PAYMENT IS TO BE REFUNDED TO THE TOBACCO
REGION SCHOLARSHIP PROGRAM BY THE COLLEGE OR UNIVERSITY. ANY REFUND
WILL BE COLLECTED FROM THE STUDENT BY THE COLLEGE OR UNIVERSITY.
Slide 23 THE COLLEGE OR UNIVERSITY MUST INVOICE THE TOBACCO REGION
SCHOLARSHIP PROGRAM. NO REFUNDS CAN BE MADE TO THE STUDENT.
