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Financial Aid
The Financial Aid Process: A Summary
Step #1: The student and family (if applicable)
- Complete the Free Application For Federal Student Aid (FAFSA) online or a paper copy of the FAFSA may also be completed and mailed.
- Review the Student Aid Report (SAR), a summary of the information provided on the FAFSA, received by mail approximately 2-4 weeks later.
- Verify the information on the SAR and verify that the school the student intends to attend is listed on the SAR.
Step #2: The college receives an electronic version of the SAR .
- Calculates the student's eligibility
budget (cost to attend?)
– expected family contribution
= need
Sends 2 copies of an award letter offering grants, loans, work-study to meet the calculated need.
Step #3: The student
- Accepts or declines the aid and submits one signed copy of the financial aid award letter to the Financial Aid Office (retains the other copy for personal records). Note: The signed award letter must be submitted to the FA Office to receive any grants, loans, or student work opportunities)
Step #4: The college
- Disburses the financial aid on the basis on the number of credits the student is carrying at the end of the 6th day of class(es).
- Credits any federal grants will automatically to the student account. Any remaining funds will be issued as a change check made out to the student.
- Requires payment of any remaining balance due by the end of the 10th day of class(es).
Types of Aid
Grants:
Pell grant
SEOG (Student Supplemental Educational Opportunity Grant)
WHEG (Wisconsin Higher Education Grant)
TIP (Talent Incentive Grant)
Loans:
PERKINS loan
Subsidized Stafford Loan
Unsubsidized Stafford Loan
Click here to check on loan status
Other:
Scholarships
Federal Work Study
Frequently Asked Questions
| Q. |
What if my financial aid is not here by the time tuition is due? |
| A. |
Stop in the Financial Aid Office to check the status. If the student has aid offered we will issue a deferment up to the amount offered or the total tuition (whichever is higher).
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| Q. |
What if my aid is not enough to cover the full tuition? |
| A. |
See the Business Office to either pay the balance or apply for the partial payment plan.
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| Q. |
What if I applied late and I have not received an award letter? |
| A. |
See the Business Office and either pay the tuition or sign up for the partial payment plan.
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| Q. |
If I accept work-study am I issued a check for that amount? |
| A. |
No, you work for a department, submit a timesheet every two weeks, and receive a paycheck for the hours worked.
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| Q. |
How many credits do I need to carry to receive financial aid? |
| A. |
A Pell Grant Award is based on full-time (12 or more credits) but is prorated if less than full-time. Eligibility for other grants, loans and work-study is based on at least half time enrollment, or 6 or more credits.
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| Q. |
Can someone else pick up my aid? |
| A. |
No, you must sign for your own check(s) in the Financial Aid Office. |
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