FEDERAL AID
In order to determine federal aid eligibility, student’s must complete the FAFSA and all required WBU financial aid applications. When the school receives the determination concerning the student’s eligibility, the school can then award the student based on this information. The following links thoroughly detail the federal aid available at WBU.
Awarded to undergraduate students based upon financial need, the costs to attend school, your status as a full-time or part time student and your plans to attend school for a full academic year or less. Submission of FAFSA and all WBU financial aid applications and supporting documentation is required in order to be awarded such funds. See above link for more info on the Pell grant.
The National Science & Mathematics Access to Retain Talent Grant (National SMART Grant)Available to 3rd and 4th year full time undergraduate students receiving Pell Grant and majoring in physical, life or computer sciences, mathematics, technology, or engineering or in a foreign language critical to national security. Students must maintain cumulative GPA of at least 3.0 in coursework to maintain eligibility. SMART funds are self-diagnosed so please see our offices if you feel you may be eligible for such funds. See above link for more info on the SMART grant. Submission of FAFSA and all WBU financial aid applications and supporting documentation is required in order to be awarded such funds.
Academic Competitiveness Grant (ACG)
Available to 1st and 2nd year full time undergraduates who have completed a rigorous high school program after Jan 1, 2006. (As determined by state and recognized by Secretary of Education) To be eligible, a student must be receiving Pell grant and the FAFSA will notify University of possible eligibility. 2nd year students must maintain a cumulative GPA of at least 3.0. See above link for more info on the ACG grant. Submission of FAFSA and all WBU financial aid applications and supporting documentation is required in order to be awarded such funds.
Student’s indicating interest in loans will be awarded such funds upon completion of their financial aid file. WBU prorates funds based upon terms of enrollment. A student’s loan eligibility will be adjusted according to hrs of enrollment, EFC determined by the FAFSA, cost of attendance and other aid received such as grants, scholarships, VA, TA, Employer tuition assistance, vocational rehab benefits etc…
Once a student is notified of loan eligibility through the award letter the student will need to “complete a loan award” on-line at https://lbw.tgslc.org. Funds will not be disbursed until all documentation to complete the student’s file is received and Loan Entrance Counseling session is completed at http://www.mapping-your-future.org.
Learn more about Federal student loans by choosing the like above.
Parents of dependent students (determined by FAFSA) can consider borrowing a PLUS loan to help cover educational expenses. Parents may complete a pre-approval process which determines eligibility based upon credit history. Yearly limit is determined by cost of attendance minus all other awarded aid. First payment for the PLUS is general due within 60 days after loan is fully disbursed. Under certain circumstances parents can receive deferment on their loans by contacting their lender. Denial of a PLUS loan may result in additional Unsubsidized Stafford loan eligibility for the student.
Student loan made through participating schools to undergraduate and graduate student’s. Amounts awarded depend on financial need, amount of other aid, availability of funds at the University. Repayment is made to the school however cancellation options are available in certain career fields (see attached link).
Borrower Responsibilities & Rights