| ADMISSIONS | Paying for College | Financial Aid | Sources of Financial Aid
Worcester State University has numerous financial aid programs available to assist students in meeting college costs. Funding for these programs comes from federal, state, institutional, and private sources. Types of programs include grants, scholarships, waivers, loans, and work- study. The Financial Aid Office provides an overview below. For more details, we recommend visiting studentaid.gov and osfa.mass.edu.
Federal Pell GrantThe Federal Pell Grant is based on family income and assets. It is available to undergraduate students enrolled in a degree program who do not already have a bachelor’s degree. For the 2017-2018 award year, Pell Grants ranged from $606 to $5,920.Federal Supplemental Educational Opportunity GrantThe Federal Supplemental Educational Opportunity Grant (FSEOG) is a federal grant administered by WSU. These grants are limited to undergraduate students who do not already have a bachelor’s degree. Priority is given to students with exceptional need and to Federal Pell Grant recipients. SEOG awards are determined by the WSU Financial Aid Office.MASSGrantThe MASSGrant Program is administered and awards are made by the Office of Student Financial Assistance. Grant eligibility is verified by the WSU Financial Aid Office and adjustments, which affect a student’s award amount, are sent to the Office of Student Financial Assistance. For the 2017-2018 academic year, grant awards at WSU ranged from $400 to $1,400. Application is made by completing the FAFSA. Massachusetts residents applying for financial aid who will enroll full-time must apply for MASSGrant by May 1. MASSGrant eligibility is limited to eight semesters.Worcester State University Need-Based Tuition Waiver and State Access Grant ProgramFull and partial tuition waivers are awarded to students who demonstrate financial need and who are:
Waivers may not exceed a semester’s tuition charge and other waivers and/or tuition remissions for which a student is eligible will be deducted from the tuition charged before the need-based tuition waiver amount is determined.The State Access Grant is awarded based on need and cannot exceed tuition and fees.
When considering a loan, think carefully about these points:
Therefore, plan ahead for repayment and choose loan programs carefully.Federal Direct Loan ProgramThe Federal Direct Loan Program is designed to help a student pay expenses at institutions of post-secondary education. A FAFSA is required to receive a Federal Direct Loan. All applicants must demonstrate financial need in order to qualify for a subsidized loan. A student with no need or partial need may be eligible for an unsubsidized loan. Unlike subsidized loans, unsubsidized loans accrue interest while in school. The WSU Financial Aid Office will inform you if your loan is subsidized and/or unsubsidized.
Specific information on repayment, deferment, cancellation, and default provisions for Direct Loan borrowers is available at the Federal Student Aid website.Federal Parent Loan for Undergraduate Students (PLUS)The PLUS Loan enables parents of dependent undergraduates to borrow for their dependent’s education. A FAFSA is required to receive a PLUS Loan. Repayment of this loan begins within 60 days of the date that the loan is disbursed. However, parents can apply for a deferment through the federal government. The interest rate is variable, adjusted annually, not to exceed 9%. Parents sign a Master Promissory Note similar to the Direct Loan MPN, which is good for up to 10 years. Note: A separate MPN must be signed for each child for whom the parent borrows.Parents may borrow up to the cost of attendance annually, less any financial aid awarded to the student. Parents can apply for PLUS loans and get specific information on repayment, deferment, cancellation and default provisions at the Federal Student Aid website.Private Education LoansPrivate education loans may be available to assist students who have received the maximum financial aid award(s) allowed through grants, work-study, and loans, but still have remaining Worcester State expenses. Problem Resolution OptionsThe Department of Education has created the position of Student Loan Ombudsman to help students to resolve their federal student loan problems. Students should first attempt to resolve federal student loan problems through their lender, servicer, or the WSU Financial Aid Office. Should all attempts to resolve problems through these channels fail, you can contact the Ombudsman at 877-557-2575 or the Federal Student Aid website. This applies to all loans with the exception of private and state loans. To resolve problems regarding private and state loans, contact the WSU Financial Aid Office or the originator of the loan.
Federal Work-Study ProgramThe Federal Work-Study (FWS) program is a need-based program that provides federally subsidized employment opportunities on campus for enrolled students. A student’s financial aid award letter indicates the FWS award and maximum earnings limit, typically $1,500, depending on availability of funds and individual need. Students are paid only for hours actually worked. The FWS wage rate is variable depending on placement.The WSU Financial Aid Office will email instructions on how to complete the Federal Work-Study Employment process in the end of summer. This email will be sent to students’ WSU email address. To complete the employment process a student must submit a:
Students who do not submit all paperwork to the office by the Friday before Columbus Day (for students who start school in the fall), or by the Friday before Presidents' Day (for students who start school in the spring) forfeit their FWS award for the entire academic year. After FWS placement, the FWS student employee and supervisor complete the student’s time sheet online, per the instructions provided to the student and supervisor. FWS earnings are not applied directly to the student’s tuition account without the student’s written consent. These wages are paid directly to the student via direct deposit.Students are encouraged to participate in employment that complements and reinforces their educational goals. Full-time students may not work more than the number of hours indicated on their Employer Action Form and cannot work during scheduled class times.Community service FWS positions are available. Contact the WSU Financial Aid Office for information.Students employed under the FWS program are not eligible for unemployment compensation benefits or worker’s compensation for on-the-job accidents. FWS earnings must be declared on federal and state income tax returns, if filed.Other On-Campus EmploymentSome departments on campus—including Student Involvement and Leadership Development, Conference and Event Services, bookstore, Chartwells, and Residence Life and Housing—offer part-time jobs to students. Visit the Careers at WSU page for openings. Off-Campus EmploymentOff-campus job opportunities can be accesses via the LancerLink portal available through the Career Services Office website.
Fall Entry Priority DeadlineMarch 1
Deadline for filing the Free Application for Federal Student Aid (FAFSA). All students who wish to be considered for financial aid must file the FAFSA. Late applications will be considered, though will be subject to the availability of funds.
Fall Entry Final DeadlineMay 1July 1
Deadline for applying for the MASSGrant and for on-time consideration for financial aid for the academic year. The deadline for MassGrant and for Worcester State is now July 1, 2020 for the 2020/2021 academic year.
Spring Entry DeadlineNovember 1
Deadline for on-time consideration for financial aid for students entering a college in the spring.
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