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To provide an explanation of how calculations are made using the DVR Training Grant.
To help counselors and consumers understand:
DVR has defined cost of attendance as the following:
The DVR cost of attendance is the amount of the following items added together if additional living expenses is checked "No":
The DVR cost of attendance is the amount of the following items added together if additional living expenses is checked "Yes":
DVR unmet need is calculated by subtracting the Resources/Financial Aids Total from the DVR Cost of Attendance:
Tuition and Fees
Books and Supplies
Dependent Care Expenses
+ Other Costs Required
|−||Financial Aid and Family Contribution||=||DVR Unmet Need|
Note: The DVR Training Grant offered typically equals the DVR unmet need, not to exceed $5000.00 per academic school year
If the DVR Unmet Need / DVR Training Grant Offered equals $0 or is less than what a consumer requires, the consumer can submit an exception request. If the exception request is denied, DVR must provide the consumer their appeal rights. Consumers should also be encouraged to go back to their school's Financial Aid Office to discuss possible changes to their FASFA information budget.
Calculations for private or out of state school attendance include:
Calculations for graduate school attendance include:
Note: When the Training Grant form is marked "Y" for graduate school, the funding for credits is calculated at a higher rate due to the higher costs for graduate school. The formula is weighted to provide a higher funding level for graduate school credits. When you enter any credit amount, the Training Grant amount will calculate up to $5,000 per academic year.
Last updated June 2019