FINANCIAL AID

Vesper College offers financial aid through 3 major programs.

• Personal College Loans
  Students are eligible pending on an application approval. Amounts vary as do rates. The Dean will assist students in applying for the Personal College Loans through an on-line process.
• Vesper Loan 1
  Vesper Loan 1 is an interest free loan that covers up to $6000 per graduate level year and has a payment schedule of $300/month.
• Vesper Loan 2
  Vesper Loan 2 is an interest free loan for students who are not eligible for any other forms of Financial Aid. The Vesper Loan 2 covers up to $15,000 per year and has a payment schedule of $1,000/month.

All students are eligible to apply for all three programs but must apply for the Personal College Loans in order to be eligible for Vesper Loan 1.

Vesper College offers ¼ Teaching Assistantships to students who have the skills to teach Drafting and AutoCAD. TA applications are available through the Dean.

The Dean works with all students to put together a financial package that best addresses the student’s financial situation. Vesper College is formatted in such a manner as to allow students to work a 4-5 day work week at an outside job. As Vesper College is not currently accredited through a national or regional accrediting body, students are not eligible for Federal Financial Aid.

Delinquent Loans
If a student is delinquent in payment on the Vesper Loan 1 or Vesper Loan 2, the interest free loan transfers to a 10% monthly accrued interest loan and the monthly payment becomes $330 and $1100, respectively, for the remainder of the life of the loan.