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If you think you have any special circumstances not reflected on the FAFSA that you think might affect your aid eligibility, submit this information in writing to the Office of Student Financial Aid for consideration. Such circumstances might include child care costs in your student budget, study abroad or internship expenses, or having a significant change in your or your parents’ income, medical/dental expenses not covered by insurance, etc. Financial aid funds are disbursed to Washington State University student accounts at the beginning of each semester. Federal regulations require that Stafford funds for first-time freshman borrowers be held until 30 days after the beginning of their first semester. At the end of the 30 day period, the funds will be credited to your University account. Funds are applied first to tuition and fees, then to other institutional charges (such as course fees and mandatory health fees), and lastly to residence hall expenses for room and board. Any remaining funds will be disbursed to you in the form of a check or direct deposit into your checking account. For more information, contact the Student Receivables Office or call them at 509-335-9651. Common reasons why funding is withheld
If you’re a first-time Stafford Loan borrower, you must attend a one-time loan counseling session before loan funds are released. You can complete the session online. Go to www.finaid.wsu.edu and click "Entrance and Exit Loan Counseling," and then click "Student Loan Counseling Interview".
Worksheet for Financing Your EducationTo plan your budget, you will need to anticipate costs associated with your Washington State University education. The Office of Student Financial Aid and Scholarship Services awards a combination of financial aid programs, including loans, to offset the total Cost of Attendance (COA). To calculate the COA, we estimate amounts for tuition and books, required fees, and room and board. We also allow for transportation and miscellaneous living expenses for the school year. You can find detailed information about these costs, including estimated amounts, here. Although the Office of Student Financial Aid uses generous estimates in calculating the COA, you should take into account your personal spending habits when developing your budget. Be realistic about your finances and make adjustments as need. Consider various sources of income, including financial aid, that are available to you. Your Financial Aid Award Notification will provide specifics about the aid programs you have been offered. |
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ESTIMATING
YOUR COSTS |
ESTIMATING
YOUR RESOURCES |
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List your estimated costs below. For a breakdown of costs, go here. |
List the personal/family resources you expect to have available for your 2006-2007 educational expenses. |
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| Direct Costs | $ | _________ | Your current savings | ________ | |
| Tuition | $ | _________ | Your anticipated savings from part-time academic year and summer jobs | ||
| Room & Board | $ | _________ | ________ | ||
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Total Direct Cost |
$ | _________ | Any scholarships you will receive from high school, clubs, organizations, or University merit scholarships | ||
| ________ | |||||
| Indirect Costs | Amount your family will provide for college each month ($ __ x 9 months) | ||||
| Books | $ | _________ | ________ | ||
| Transportation | $ | _________ | |||
| Miscellaneous expenses | $ | _________ | Help/gifts from relatives | ________ | |
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Total Indirect Costs |
$ | _________ | |||
| Other benefits or sources of personal income you will have: | ________ | ||||
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Totals |
________ | ||||
| Direct Costs | $ | _________ | ________ | ||
| Indirect Costs | $ | _________ | ________ | ||
| Total Cost Estimate | = | _________ | Total Family Resources = | ________ | |
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ESTIMATING YOUR NEED FOR PAYING COLLEGE EXPENSES |
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| Your need is the gap between your cost of attendance and your financial resources | ||
| Total cost estimate (from above) | $ | ________ |
| Minus total family resources estimate (from above) | $ | ________ |
| Equals Your estimated need | $ | ________ |
| The programs described in this handbook will help you meet your estimated need for paying college expenses. | ||
Loans are borrowed to cover tuition and educational expenses for undergraduate and graduate programs and must be repaid. Not all loans are based on financial need.
Based on financial need. Payments on the principal are optional while you are enrolled at least half-time (six credits hours for undergraduates; 3 credit hours for graduate). Interest is paid by the federal government during the grace period or authorized periods of deferment. As of July 1, 2006, the interest rate becomes fixed at 6.8 percent. Repayment begins six months after graduation or when enrollment ceases or drops below half time.
Not based on financial need. Payments on the principal are optional while you are enrolled at least half-time, but interest accrues. As of July 1, 2006, the interest rate becomes fixed at 6.8 percent. Repayment begins six months after graduation or when enrollment ceases or drops below half time.
The Federal Parent Loan for Undergraduate Students (PLUS) enables parents to borrow on behalf of dependent undergraduate students enrolled at least half-time. This loan is not awarded based on financial need. Repayment begins 60 days after the loan has been fully disbursed. As of July 1, 2006, the interest rate becomes fixed at 8.5 percent.
The parent borrower will need to complete a PLUS Promissory Note. Parent PLUS Promissory Note information will be mailed to parents who indicate acceptance of the loan on the award notification and submit the loan application request. A copy of this required form (Form G8) is included with the final award notification and is available for download here.
If your parent's application for a PLUS is denied, you may qualify for an additional Unsubsidized Stafford Loan. (The amount of the unsubsidized Stafford Loan may not equal the amount of the original Parent PLUS.) To access the unsubsidized Stafford Loan, you must provide the Office of Student Financial Aid with a copy of the Parent PLUS denial letter issued directly from the lending institution.
The University administers both of these loans for first-time undergraduate students with high financial need. These loans have a 5 percent fixed interest rate and a nine-month grace period prior to repayment.
If you are a student certified in the College of Pharmacy or the College of Veterinary Medicine, you may be eligible for the Health Professions Loan. This loan is a federal program administered by Washington State University. It has a 5 percent fixed interest rate and a nine-month grace period prior to repayment. To be considered for this loan, you must supply parent information on your FAFSA, regardless of your dependency status. You must be enrolled in 10 or more credit hours to qualify.
If you have remaining financial need on your award notification and/or your cost of attendance has not been met, you may qualify for a private loan. Contact the office of Student Financial Aid or go here for more information.
These federal and state programs offer part-time jobs to needy student to help pay tuition and other educational expenses.
- Work-Study Programs.
Work-study jobs usually require ten to fifteen hours per week. You receive pay checks for the hours you work. These programs are awarded by the Office of Student Financial Aid to students with the highest level of need, as determined by the FAFSA. You can learn about available work-study positions by contacting the JobX! Student Employment Center and Temporary Employment Website or by calling them at 509-335-2546.
The Stafford Loan application process: When you accept this loan, you will receive a Master Promissory Note (MPN). The MPN is the legal contract between the borrower and the lender, ensuring that you
(the borrower) will repay the loan.You'll start the loan application process by getting a letter from EdFund, which includes instructions for completing the loan application online at www.edfund.org.
A list of preferred lenders will be available online as well.If you have previously completed an MPN at Washington State University, you are
not required to complete a new loan application unless you decide to change your lender. The loans amounts for which you are eligible are listed on your financial aid award notification.You must confirm the award amounts you wish to borrow and return one signed copy of the notification to the Office of Student Financial Aid.
| Type of aid program | Hours of enrollment required |
| Federal Pell Grant | 12 or more (for 100
percent of award 9 to 11 (for 75 percent of award) 6 to 8 (for 50 percent of award) |
| Washington State Need Grant | 12 or more (for 100
percent of award 9 to 11 (for 75 percent of award) 6 to 8 (for 50 percent of award) |
| Federal SEOG (Supplemental Educational Opportunity Grant) | 12 or more |
| Partial tuition waiver | 12 or more |
| Institutional grant | 12 or more |
| Federal/state work study | 12 or more |
| Federal Stafford Loan | 12 or more |
| Federal Perkins Loan | 12 or more |
| Nursing Loan | 12 or more |
| Federal Parent PLUS (Parent Loan for Undergraduate Students) | 12 or more |
| Graduate fee waiver/assistantships | 12 or more |
| If you plan to enroll less than full time, contact the Office of Student Financial Aid. | |
Grants are funds provided to students with high financial need to help cover tuition and educational expenses. You don't have to pay back grant money or scholarships.
For eligible student pursing their first undergraduate degree (not enrolled in a professional program).
For first-time undergraduate students with the highest level of need.
For high-need Washington residents pursuing their first undergraduate degree. If you have received an SNG, see conditions below.
An award from the University for Washington residents, distributed based on need and applied only to tuition charges.
A University-designed program to help Washington resident undergraduates with high financial need.
Funds awarded to students, both undergraduate and graduate, who meet application and eligibility requirements.
For more information, visit the Washington State Legislature site, www.leg.wa.gov. If you have additional questions, contact the tribal liaison at 509-335-8618, or the Registrar's Office at 509-335-4766 or www.registrar.wsu.edu.
If you plan to work to help pay for your education, check out the part-time job postings at the JobX! Student Employment Center and Temporary Employment Website or by calling them at 509-335-2546.
Each year, Washington State University academic departments award graduate assistantships and tuition fee waivers to a number of graduate students. The tuition fee waiver is considered a resource when the Office of Student Financial Aid determines eligibility for other financial aid programs and may reduce loan previously awarded.
To ensure that financial aid award notifications are correct, you should notify the Office of Student Financial Aid if your department has granted you a tuition fee waiver. If our office is notified after the first disbursement of loan funds, your loans may be reduced accordingly, and funds already delivered may be returned to your lender.
This office can help you in your search for graduate-study financial support. You can reach the OGRD at 509-335-9661 or www.ogrd.wsu.edu.
Federal financial aid regulations require that recipients of federal and state aid make satisfactory academic progress (SAP) toward the completion of a degree. This means that the Office of Student Financial Aid will monitor your academic progress each term and notify you of any deficiencies that could jeopardize receipt of future financial aid.
When you accept financial aid, you also accept responsibility for making satisfactory academic progress. This section is designed to help you understand the requirements for satisfactory academic progress associated with the receipt of financial assistance. Please read this information carefully. You are responsible for understanding these requirements.
If you have questions regarding the requirements outlined here, contact our office at 509-335-9711 or send us a email at: finaid.wsu.edu.
Requirements for Undergraduates.The SAP requirements are standards you are expected to maintain to continue receiving financial aid.
Credit hour requirements.
GPA requirements.
Maximum time frame.
Second bachelor's degree students.
If you fail to make satisfactory progress during any term, you will be placed on probation or have your aid denied.
Probation.
Probationary status occurs when you fail to complete the minimum number of hours required based on your individual enrollment or you have a term GPA less than 2.0 after one term of enrollment. You are allowed one probationary term to complete the minimum credit hours and/or 2.0 term GPA.
Denial
Denial of financial aid funds occurs when:
If you are a Distance Degree Programs student and have questions after reviewing this information, please contact the Office of Student Financial Aid Assistance for assistance.
Meeting enrollment requirements.
If you are planning on enrolling less than full-time (12 credits undergraduate, 10 credits graduate/professional), you must notify the Office of Student Financial Aid in writing or by completing the Fall/Spring Enrollment Verification form. You must be enrolled at least half-time (6 credits undergraduate, 5 credits graduate/professional) to be eligible to receive financial aid. Your aid may be reduced if you enroll less than full-time.
The combinations of correspondence (flexible enrollment) and video-based semester courses can influence your ability to meet certain financial aid requirements. Taking more flexible enrollment credits than semester credits may affect your financial aid eligibility. Enrolling in only flexible enrollment credits will limit your financial aid eligibility to tuition and book costs; you will not be eligible to receive aid for living expenses. Call the Office of Student Financial Aid if you have questions about how your course schedule may affect your aid.
Taking flexible enrollment courses.
For financial aid satisfactory academic progress (SAP) purposes, you must complete flexible enrollment courses by the end of the term in which you registered. This is true even though the course schedules allow up to a two terms for completion. If you do not complete flexible enrollment courses within the term of registration, you may be considered deficient. For more information on this issue, refer to the Satisfactory Academic Progress policies covered previously.
If you add or drop courses from your original enrollment before the beginning of the term, your cost of attendance will change accordingly. This could result in a change to your financial aid eligibility. Work closely with your advisor to plan your course work for each term. In addition, you must complete those courses in which you are enrolled on the tenth day of the term. Any courses that you do not complete satisfactorily will be counted as deficient credits when the University monitors your satisfactory academic progress.
Achieving Satisfactory Academic Progress (SAP).
SAP is assessed on a term-by-term basis. Assessment for each term takes place at the end of each term; all course work must be completed and received by the end of the term to remain in good SAP standing. If you delay finishing course work until after the term has ended, you may be placed on SAP “probation” or “denial” status for financial aid and delay delivery of future aid. Please refer to the Satisfactory Academic Progress policies covered previously.
Financial aid cannot be released to your University account before the first day of each term. You should make alternative plans to purchase textbooks and other course materials in advance of term start dates so you can start work on your courses as soon as the term begins.
You may utilize any of the methods of payment listed below.
The University strongly recommends that you pay online with an electronic check. You may also use your Visa or MasterCard online. Go here and follow the instructions.
By mail.Do not send cash. Include your student ID number with your payment. Payment must be received (not just postmarked) at the Cashier's Office by the published due dates.
Pay by check, cashier's check, money order, personal check, or credit card at the Cashier's Office. Bring your student ID number. (The billing statement is not required.) If you want to pay a specific charge on your account, inform the cashier at the time of payment.
Do not pay cash. Drop slots are located near the Cashier's Office windows at the Pullman campus. If you are attending a WSU campus other than Pullman, please contact your local Cashier's Office to learn the location of their drop slots. Include your student ID number with your payment.
The University Receivables Office may bill your sponsor directly. Your sponsor must contact that office each semester prior to the start of classes. Any charges not paid by the sponsor remain your responsibility.
University Cashier's Office
Washington State University
In person: 240 French Administration Building
By mail: PO Box 641027, Pullman WA 99164-1027Returned-check handling fees. When checks written for your student account are returned by the bank to Washington State University for any reason, a $30 unpaid check charge will be applied to your account. If the check originally had been written to pay for tuition, it will be considered as a non-payment; late fees and disenrollment fees may apply.
Forms You Should Complete
To help the University accommodate your financial preferences, please complete the necessary authorization forms located at: www.wsu.edu/studacct/pdfforms.htm.
If you withdraw from Washington State University after contacting the Office of Student Affairs or are disenrolled for nonpayment of tuition, the Office of Student Financial Aid will perform a return of Title IV funds calculation to determine if you need to return all or any portion of the aid you received. Each calculation varies based on your individual cost and award information. For additional information, and to view the worksheet used in the return of Title IV funds calculation, go here:
If you fail all your classes, or if you fail to complete all your classes, you must verify the last date you attended class. This verification can be in the form of graded papers, letters, or emails from professors confirming your last date of attendance in class or at a class-related activity. Failure to provide proof of attendance may result in you repaying part or all of Title IV financial aid received during that semester. The Department of Education requires that schools monitor a student's attendance for the purpose of calculating whether a return of Title IV funds is required.
Go here for Dates and Deadlines
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| December |
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| January |
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| March |
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| June/July |
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FAFSA
These federal and state programs offer part-time jobs to needy student to help pay tuition and other educational expenses.
You can complete the FAFSA or Renewal FAFSA online for the coming academic year. This site provides instructions and helpful answers to frequently asked questions. You may complete an original FAFSA online but you will need your federal issued PIN number to gain online access to your Renewal FAFSA and/or to sign the application electronically. Parents (or spouse, if married) should also apply for a PIN to sign their part of the FAFSA electronically. To apply for a PIN number go here.
This site contains scholarship search information, answers to questions about the FAFSA, calculators for estimating family contributions, information about loan programs, and other related topics.
Student Financial Assistance
This site offers help for every stage of the financial aid process. Federal Student Financial Assistance programs are the largest source of student aid in the United States, providing more than $40 billion a year in grants, loans, and work-study assistance. The U.S. Department of Education supplies the information on this site.
Student Financial Aid Ombudsman
You have a right to contact the ombudsman to resolve issues related to student loans. You can also reach the ombudsman by phone at 877-557-2575.
Student Right to Know
Visit this site for information about Washington State University's safety, graduation rates, and other statistics.
You may download the authorization to release financial information form from here.
You must present a picture ID when seeking information in person about your financial aid awards at these offices.
The staff of University Receivables/Student Accounts will not release your student education records, including billing charges, to a third party (including parents) without your written request.
Washington State University subscribes to the principles and laws of the state of Washington and the federal government, including applicable Executive Orders pertaining to civil rights, equal opportunity, and affirmative action. Washington State University policy prohibits discrimination on the basis of race, sex, religion, age, color, creed, national or ethnic origin, physical, mental, sensory disability or use of a trained guide dog or service animal, marital status, sexual orientation, and status as a Vietnam-era or disabled veteran in the recruitment and admission of students, the recruitment, employment, and retention of faculty and staff, and the operation of all university programs, activities, and services. Evidence of practices that are inconsistent with this policy should be reported to the Director of the Center for Human Rights, 225 French Administration Building, 509-335-8288, to the Washington State Human Rights Commission, 206-753-6770, or to the United States Office of Civil Rights, 202-245-6403. Alternate formats (for example, large print, Braille, cassette tapes) of this and any other Office of Admissions publication will be made available upon request for persons with disabilities. Please contact the Office of Admissions, 509-335-5586.
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Contact us: finaid@wsu.edu 509-335-9711 | Accessibility | Copyright | Policies Office of Student Financial Aid, PO Box 641068, Washington State University, Pullman, WA 99164-1068 USA Last updated on: March 11, 2008 |