Financial Aid & Scholarships


At VMCAD College, we know how important and complex financing education can be for students and their families. This is why we staff our office with professionals who are ready to answer your questions and address your concerns. Please feel free to contact us for assistance in exploring your financial needs.

Click here to watch our Financial Aid video



Monday: 9:00 am - 6:00 pm

Tuesday: 9:00 am - 6:00 pm

Wednesday: 9:00 am - 6:00 pm

Thursday: 9:00 am - 6:00 pm

Friday: 9:00 am - 4:00 pm


Contact Information

VMCAD College

Office of Financial Aid and Student Accounts
11724 Detroit Avenue
Lakewood, Ohio 44107

Phone: 216.221.8584 or 800.473.4350
Fax: 216.228.9739

Martha Snodgrass, Director of Financial Aid


Best Decision Scholarship

Award amount: $2,500

Provider: GoodCall

Online application:

Eligibility: High school seniors, undergraduate students, and graduate students

Essay prompt: Write an essay between 400 and 500 words detailing one of the most important decisions you've made in your life.

You can also find additional rules and previous winners at the link above.

Also, if you haven't already seen GoodCall's scholarship search engine, please check it out. It's quickly becoming a favorite among students and parents who never have to provide personal information in order to search and apply for millions of dollars in private scholarships:


Applying For Aid

Step One:

Apply to VMCAD College. (We can only offer financial aid awards to accepted students who qualify).

Step Two:

Apply for a FSA ID

Your FSA ID is needed to electronically sign your FAFSA. If you are a dependent student, your parents will also need to apply for a FSA ID.

Step Three:

Apply for your FAFSA (Free Application for Federal Student Aid) at Please include the VMCAD federal school code (012896) so that we will receive a copy of your Student Aid Report to determine financial aid eligibility.

Step Four:

Once your FAFSA is completed and submitted, VMCAD’s Financial Aid Office will receive your ISIR within three business days. The next step is setting up a personalized financial aid appointment to estimate quarterly expenses (tuition, fees, books, and supplies). Together, we will review your ISIR, complete verification (if required), and sign other required documents. Loan options, including entrance counseling, estimated loan debt and loan repayment amounts upon graduation will also be discussed as will available scholarships.

After the appointment is completed and all documents are signed, your financial aid status is completed, or as well call it, Packaged!

Note: Dependent students will need to bring at least one parent whose financial information was applied to the student’s FAFSA to the financial aid appointment. If at least one parent is not available to attend, please inform the financial aid office before the initial financial aid appointment

Step Five:

Apply for scholarships (applications and websites available upon request).

Scholarship Opportunities:

*See Financial Aid for applications and websites

Step Six:

  • Award Letters are issued only after your financial aid is packaged.
  • Award Letters show all approved aid for a specific enrollment period, which includes dates the aid is expected to be received by the college.
  •  The Award Letter does not inform the student of any payments due the college that is the result of expenses in excess of financial aid awards, nor does the Award Letter inform the students of any stipends (Aid in excess of expenses).
  • Tuition payments and stipends are estimated during the financial aid appointment and are confirmed only after registration and upon billing from the student accounts department.

Note: Students are required to sign Award Letters and return to the financial aid office.

Step Seven:

Financial aid funds are processed and applied to the students’ account after the Award Letter has been signed by the student and returned to the financial aid office. The expected dates shown on the Award Letter may be different than the actual date the funds are received due to processing. The students’ ledger will show the exact date the funds were received and applied.

Important Financial Aid Links:


Types of Financial Aid Available:



  • William D. Ford Direct Subsidized Loan
  • William D. Ford Direct Unsubsidized Loan
  • William D. Ford Direct Parent PLUS Loan

*Code of Conduct for Education Loans

Financial Aid Forms:

Payment Plans:

Students are billed each quarter for tuition due. Typically, tuition payments are made in full prior to the start of the quarter. Students now have the option to split their tuition into three monthly payments for a $75.00 installment fee. Students must request the payment plan on a quarterly basis, otherwise tuition will be due in full.

For any questions regarding alternative loans or payment plans, please contact Michelle Graham at 216.221.8584 ext. 111.

Verification Procedures:

(Students will be notified if they are flagged for verification)

Entrance and Exit Counseling:

(Necessary for all federal student loan borrowers)

  • Entrance Counseling takes place during the initial financial aid appointment. During the Entrance Counseling, the financial aid officer will discuss loan eligibility, interest rates, payment period, and estimated total loan debt and monthly repayment upon graduation. Students complete their Entrance Counseling online at online after meeting with financial aid. All MPNs must be signed before the first day of class.
  • Exit Counseling takes place each time a student stops attending VMCAD. This includes withdrawals, taking a term off, and or graduation. Students may have multiple Exit Counseling sessions before graduation. During the Exit session, the financial aid officer makes an appointment with the student to discuss total loans borrowed, calculate estimated monthly loan repayments, and provide the student with a personalized Exit Document containing their Lender(s) names and number.
    Students who do not complete an Exit with one of our financial aid officers will receive their Exit packet via email and mailed through the U.S. Postal service upon request.  You can complete Exit Counseling at
  • Students Convicted of Possession or Sale of Drugs