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Financial Aid Guide-General Information 1

Division     

          

 

Academic Affairs

Department

 

Financial Aid

 

Financial Aid Guide

 

 

 

 

Policy

 

 

 

All students are encouraged to apply for financial aid to help them meet their educational costs. To receive financial assistance from the College, students must be enrolled in a degree-granting or federally approved certification program at Worcester State University. Second degree students are eligible for Federal Loans  and graduate students are eligible for Federal Loans and Federal Work Study funds. Applicants must also meet all Federal eligibility requirements and must be in good academic standing.

 

Financial aid is awarded to students with demonstrated financial need. Need is the difference between the total cost of college attendance (including reasonable costs for room, board, books, transportation, and other personal expenses) and the expected family  contribution. Non-need based financial aid is available through several loan programs.

 

Complete information on financial aid programs, application procedures, and the award process is available o

 

 

Procedure

 

 

 

 

All students applying for financial assistance must:

 

* file a Free Application for Federal Student Aid (FAFSA) with the Federal Processing Center (see Required Application Materials);

 

* complete and return a Worcester State University Financial Aid Application to the Financial Aid Office (see Required Application Materials).

 

Financial aid is not automatically renewable . A new application for financial aid must be submitted for each academic year.

 

Verification

 

The Financial Aid Office verifies complete financial aid applications selected for verification by the U.S. Department of Education or by the College. Verification ensures that students and parents have accurately reported the information used to determine eligibility for financial aid. The Financial Aid Office will notify applicants in writing if additional information or documents are required or if changes have to be made to original information as a result of verification. Applicants are asked to submit requested information within two weeks. Once verification is complete, an applicant’s eligibility for financial aid is determined and the applicant is notified in writing of his/her eligibility for financial aid.

 

 

Financial Aid Application Deadlines

 

March 1

priority date 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 subject to the availability of funds.

 

May 1

deadline for applying for the MASSGrant.

 

deadline for on-time consideration for financial aid for the academic year

 

November 1

deadline for on-time consideration for financial aid for students entering in the spring

 

 

Complying with Deadlines

 

It is important that all required application materials are submitted accurately and on time to the Financial Aid Office.

 

Late Applicants: Priority for Financial Aid is given to students who comply with the preceding deadlines. Limited aid is available to students who apply late. Please note that funding from the Federal Pell grant and Federal Stafford Loans programs is available to all late applicants who qualify.

 

 

Approved by

Vice President/Date

 

 

Approved by

Cabinet/Date

 

 

Revised Date

 

 

 

Last modified at 1/4/2012 2:46 PM  by Hoxha, Anisa