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Understanding the DVR Training Grant Calculator Form

Reviewed June 2019

Purpose

To provide an explanation of how calculations are made using the DVR Training Grant.

Rationale

To help counselors and consumers understand:

DVR Cost of Attendance

DVR has defined cost of attendance as the following:

No Additional Living Expenses

The DVR cost of attendance is the amount of the following items added together if additional living expenses is checked "No":

Additional Living Expenses

The DVR cost of attendance is the amount of the following items added together if additional living expenses is checked "Yes":

DVR Unmet Need

DVR unmet need is calculated by subtracting the Resources/Financial Aids Total from the DVR Cost of Attendance:

Tuition and Fees
Books and Supplies
Transportation
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

DVR Unmet Need / DVR Training Grant Offered = $0, or is less than what consumers require

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.

Private or Out-of-State School Attendance

Calculations for private or out of state school attendance include:

Graduate School Attendance

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

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