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Financial Aid
NOTE: UW-Marshfield/Wood County DOES NOT send out bills. You must check your PRISM account summary or feel free to call Tuition Services at 715-389-6536.
Please check the UW Colleges Financial Aid Web pages for up-to-date information about financial aid policies and procedures. All students desiring financial aid must apply each year, after Jan. 1 for the following fall and spring semesters. We recommend that you apply for financial aid. Many students and parents believe students must be poverty-stricken or at the top of their high school class to receive need-based aid or scholarships. Fortunately, this is a myth. Financial aid is available to a wide range of students in different forms. The various types of financial aid that you would be considered for include the federal Pell Grant, state grants, students loans and the Federal Work Study Program. However, if you do not take the time to apply, you will never know what aid may have been available to you. Everybody qualifies for a unsubsidized federal Stafford Loan. To receive financial aid, you must be enrolled at least half-time (six credits during the spring and fall semesters) to received Stafford and Perkins loans and any state grants (if you qualify). You can be registered for as few as three credits during a semester to receive a Pell Grant (if you qualify). IMPORTANT -- IF YOU DO NOT APPLY FOR AID BY APRIL 15, YOU MAY NOT HAVE YOUR FINANCIAL AID PACKAGED BY THE START OF FALL CLASSES. LATE SUBMISSION MAY ALSO CAUSE YOU TO LOSE OUT ON SOME TYPES OF AID WHERE FUNDING IS LIMITED.Applying for Financial Aid is FREE. You'll need a copy of your most recent federal income tax return including W2s. If you are considered a dependent, you must submit your parents' tax information also.
Complete the Free Application for Federal Student Aid (FAFSA) and submit it to the federal processor electronically via the internet by accessing FAFSA on the Web at www.fafsa.ed.gov. It takes about two to four weeks to process and to receive an electronic Student Aid Report (SAR) via your email account.
The Financial Aid Office will receive an electronic copy of your Student Aid Report which is used in processing your aid.
The SAR report explains what the Department of Education has determined your portion of your education expenses to be, based on the information you entered on the FASFA. This is called your EFC (Expected Family Contribution). Once UW Colleges Financial Aid Office has received your SAR, they begin to process an award package. If you have unusual circumstances due to the loss of a job, change in marital status, etc., you may obtain a Request For Adjustment Form from the Financial Aid Office. Additional information on child-care expenses and commuting are also available in Student Services. Your SAR may be selected for verification. One-third of all FASFA applications are randomly selected for verification. You will receive a letter from the Financial Aid Office requesting copies of your most recent federal tax forms, W-2s, your parents' most recent federal tax forms and W-2s (if you are determined to be a dependent student) and either an Independent or Dependent Verification Form. Other miscellaneous information may be requested throughout the "packaging" process of your financial aid file. Submit the requested financial information to the Financial Aid Office as quickly as possible to avoid delays in your package. Once the information in your file is complete, it is reviewed and an award letter will be sent to you. After you receive the award offer, you must designate the type(s) of aid offered that you will accept and return the award offer to the Student Services Office. If you have accepted Stafford Loans, you have to complete the ENTRANCE LOAN COUNSELING and the MASTER PROMISSORY NOTE. Any financial aid awarded will be credited toward your tuition account. Any remaining balance will be sent as a refund check directly to the student at their home address. Part-time jobs on and off campus are available to students and can be found on the Employment Link. You must have been offered Work Study as part of your aid package to qualify. You can earn up to the dollar amount listed in your award letter. A Work Study packet must be picked up from the Financial Aid Office in Student Services When you are attending more than one institution during the same semester, you do not apply for financial aid at each institution. You should request a consortium agreement from your "home" institution financial aid office. [Your "home" institution is the institution that you expect to receive your degree from]. At UW-Marshfield/Wood County, contact the Financial Aid Office. The agreement will be sent to the "visiting" institution to request verification of attendance and the cost of the course(s) so your financial aid from the home institution can be applied to your costs at the "visiting" institution. Vocational Rehabilitation Grants Vocational rehabilitation grants are provided to qualified students by the State Division of Vocational Rehabilitation (DVR). To qualify, students must have a physical, emotional or learning disability and meet other criteria established by the DVR. Contact your local DVR office or the Student Services Office for additional information. Veterans or the dependents of disabled/deceased Veterans wishing to apply for benefits should visit the Financial Aid Office. Satisfactory Academic Progress for Financial Aid Eligibility To be eligible for financial aid, a student must meet the credits-earned standards of the UW Colleges. However, to maintain eligibility, for continued enrollment, in the UW Colleges, a student must also meet the grade point standards listed in the UW Colleges catalog. The student's entire academic record at the UW Colleges, including semesters when financial aid was not received, will be evaluated to determine eligibility. If a student completely withdraws from a UW Colleges campus after the add period, that semester counts as a semester of attendance in determining eligibility. The conditions and procedures used to determining satisfactory academic progress for financial aid eligibility are outlined in the UW Colleges catalog. |
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