Financial aid is available from many different sources – the federal government; state departments and agencies; private organizations such as the Rotary, churches, employers and from the college itself. Wilson College students received almost $25 million in financial aid from all sources. For many types of aid, the student must first complete the Free Application for Federal Student Aid (FAFSA). We encourage all students to apply for aid from many sources. Wilson College does not reduce Wilson College grants or scholarships if a student receives a scholarship from a private organization. Information can be found in your high school guidance office, through online searches, in newspaper articles, from employers as well from the Wilson College Financial Aid Office.
Wilson College awarded more than $24.5 million to all undergraduate students in 2020-21
The federal government provides a number of different grants to students with financial need. For most grants, the student only needs to complete the Free Application for Federal Student Aid (FAFSA) to be automatically considered. Grants are available to students who are enrolled in at least 6 credits during a semester who have been accepted to an associate or baccalaureate degree program. Below are listed the various grants that students may receive at Wilson College. Students with prior Bachelor's degree are not eligible for grants.
Federal Pell Grant - Grant awarded to lower and middle income students. Awards range from $590-$6,345 per year.
Federal Supplemental Educational Opportunity Grant (FSEOG)–Federal grant program assisting exceptionally needy students with preference given to Federal Pell Grant recipients. Awards range from $200 to $2,000. To apply, complete the FAFSA by April 30 for priority consideration.
Troops to Teachers - Students in the TIP program who are in the military may be eligible for this grant. U.S. Department of Education and Department of Defense program that helps eligible military personnel begin a new career as teachers in public schools where their skills, knowledge and experience are most needed. More information can be found online for Troops to Teachers.
Students and parents may borrow funds to help cover educational costs. Loan funds are available through both federal and private programs. For federal loans, the student must be enrolled in a degree or certificate program and taking at least 6 credits per semester. The student must also be making satisfactory academic progress and not be in default on any prior student loans. The College also awards loans from several small loan programs. Students and parents should first consider the federal loan programs.
Federal Direct Stafford Loan–Federal student loans available through the federal government. The interest rate is fixed at 2.75% for Subsidized and Unsubsidized Stafford Loans beginning July 1, 2020. The federal government pays the interest while the student is enrolled if there is demonstrated financial need for a Subsidized Stafford Loan. The student will be responsible for interest payments for any unsubsidized loan. Loans are repaid over a period of up to ten years. Repayment begins six months after the student graduates, withdraws, or drops below half-time enrollment status. To apply, complete the FAFSA and the Financial Aid Supplemental Form. Federal Direct Stafford Loan Master Promissory Notes can be completed on-line with the FSA-ID. First-time borrowers must complete entrance counseling. Stafford Loans must be disbursed in two payments with the first at the beginning of the first semester and the second arriving at the College half way through the loan period.
ALL STUDENTS Subsidized/Unsubsidized Base Amount |
ADDITIONAL UNSUBSIDIZED LOAN AMOUNT |
INDEPENDENT STUDENTS & DEPENDENT STUDENTS WHOSE PARENTS CANNOT BORROW A PLUS LOAN |
|
Freshmen | $3,500 | $2,000 | $4,000 |
Sophomores | $4,500 | $2,000 | $4,000 |
Juniors, Seniors |
$5,500 |
$2,000 | $5,000 |
Teacher Certification Programs |
$5,500 |
$2,000 | $5,000 |
Masters Program |
0 |
$20,500 |
Federal Direct Parent Loans for Undergraduate Students (PLUS)–Federal loans designed to help parents meet educational expenses not already covered by financial aid. Like Federal Direct Stafford Loans, Federal Direct PLUS loans are available through the federal government. Parents may complete the online Master Promissory Note. Federal PLUS borrowers may borrow the difference between the student’s cost of education and any financial aid already awarded. The interest rate is set at 5.30% effective July 1, 2020. Repayment begins within 60 days after the final loan disbursement for the loan term. However, parents may arrange deferred payment through the loan servicer.
The parent borrower must complete a PLUS Loan application each year which includes a credit check. The PLUS Loan application process may be completed online. The MPN is completed only once. The parent will use the parent FSA-ID as the electronic signature.
Wilson College is required to notify student or parent borrowers in writing whenever it credits the student’s account with Stafford or PLUS Loan funds sent electronically (EFT). This notification will be sent to borrowers no earlier than 30 days before and no later than 30 days after the College credits the student’s account. Student or parent borrowers have the right to cancel all or a portion of the loan by informing Wilson College’s Financial Aid Office, in writing, within 14 days after the date of the College’s loan disclosure notice of their wishes.
Alternative Loans - Additional assistance is available to students through a number of private loan programs. Loans require a credit check and a student may need a co-borrower if there is no prior or a poor credit history. Interest rates and repayment options vary. Student may check the Credible website to compare loan options from different lenders.
PRESBYTERIAN SCHOLARSHIPS
Many states offer scholarships based on financial need or merit. Need-based grant programs require students to file the Free Application for Federal Student Aid (FAFSA) and usually an additional form. These grants have an application deadline that may be as early as February 15. Below are listed some of the primary states where Wilson College students reside.
Click on a state below to view more information.
Pennsylvania | Received by May 1 |
Maryland | Received by March 1 |
Delaware | Received by April 15 |
Ohio | Received by October 1 |
West Virginia | Priority deadline March 1; final deadline April 15 if funding |
Connecticut | Received by February 15 |
Maine | Received by May 1 |
Massachusetts | Received by May 1 |
Vermont | File ASAP after January 1 |
Wilson College provides part-time employment opportunities for students during the academic year in many different positions. Work sites may be related to a student's major such as in the Fitness Center, chemistry lab, or Equestrian Center. Other students may work in the library, tutor other students or provide literacy programs within the community. Students work 8-10 hours per week. The work schedule is often flexible and can be arranged around the student's classes. Students will be paid at the end of each month for hours worked.
Students annually must complete the Free Application for Federal Student Aid (FAFSA) and indicate on the form that there is an interest in participating in the work-study program. All student workers will attend a session just before classes begin to receive information about all the available work sites and payroll forms.
The priority deadline for consideration is April 30 since funds are limited. Funds may run out before this date so students should complete the FAFSA early.
On-Campus Work Opportunities:
The Financial Aid Office staff processes VA and Department of Defense education benefits. Wilson College has been approved as a Yellow Ribbon institution by the VA. This means that if a student with 100% eligibility for Chapter 33 VA benefits exhausts their yearly benefit, Wilson College and the VA will equally cover any remaining tuition and fee charges so that the student does not incur any out of pocket expense for these costs. Student's with less than 100% eligibility are not eligible for the Yellow Ribbon Benefit.
Tuition and Fees
The VA will pay Wilson College directly for Chapter 33 eligible students regardless of enrollment status and percentage of eligibility. The VA requires that Wilson College reduce the amount of requested payment by any tuition-based scholarship regardless of the source. Following are examples of tuition-based scholarship assistance:
The Chapter 33 eligible student is not required to pre-pay any portion of their tuition and fee charges that the VA will cover with education benefits payment.
Chapter 31 eligible students must provide documentation from their counselors regarding their eligibility for this assistance. Students who are Chapter 31 eligible normally are eligible to receive benefits to cover 100% of all costs incurred during each semester minus any eligibility for tuition-based scholarships as indicated above.
Chapter 31 eligible students must complete an Enrollment Certification Request Form each semester, provide copies of all text book receipts and must notify the Financial Aid Office of any changes in their enrollment. Students may apply for other types of financial aid assistance by completing a FAFSA. Chapter 31 eligible students are not required to pre-pay any portion of their charges that will be covered with VA education benefits.
Books
Chapter 33 VA Benefits for books are paid directly to the student. Chapter 33 recipients who charge books to their student accounts using the E-Campus Bookstore option are responsible for payment of these charges to Wilson College. Chapter 33 recipients can apply for federal and state financial aid to assist with these expenses by completing a Free Application for Federal Student Aid (FAFSA).
Housing Benefits
Chapter 33 recipients who live in campus housing and have a required meal plan are responsible for payment of these charges to Wilson College. Chapter 33 recipients can apply for federal and state financial aid to assist with these expenses by completing a Free Application for Federal Student Aid (FAFSA).
Chapter 33 VA Benefits for housing (if the student qualifies) are paid directly to the student. In order to receive a housing payment, the student must have a rate of pursuit of greater than 50%. This can very per semester depending upon the number of course credits that the veteran is enrolled in and the length of the term. Courses are valued at 1.0 to 3.0 credits. Courses with labs or studio fees, language courses and a limited number of other courses that require higher contact hours will be reported to the VA with a credit value of 4.0 credits.
The VA uses a rate of pursuit calculation to determine if you qualify for a housing allowance. Below is an excerpt from the VA customer service website (housing allowance rate) that provides information on determining rate of pursuit.
Undergraduate
“For undergraduate enrollments, 12 semester or quarter hours are generally required for full-time training. The school submits the term dates and credit hours of the enrollment to VA and we calculate the rate of pursuit. For example, if 12 credits is considered full-time, a course load of 6 credits yields a rate of pursuit of 50% (6 ÷ 12 = .50), whereas a course load of 7 credits yields a rate of pursuit of 58% (7 ÷ 12 = .58). In this scenario, a Veteran would need to enroll for at least 7 credits (such as two 3-credit classes and a 1-credit lab) in order to receive the housing allowance benefits.
Some schools offer classes in terms that are shorter than a standard length semester or quarter. This is especially true for online classes and summer enrollments, but some schools offer accelerated terms at brick-and-mortar campuses year round. In these cases, VA calculates weighted "equivalent credit hours" so that fewer credits are required for full-time (and more than half-time) training.”
As always, the VA has the final say in your eligibility for a housing allowance. You may need to review your schedule to see if your enrollment is such that if you will not qualify for housing, you may want to consider adding additional coursework prior to the end of the semester's add/drop period.
Other VA Programs
Students who are eligible for education benefits through VA Chapters 30, 35, 1606 and 1607 will receive payment directly from the VA. Students in these programs are responsible for making payment to Wilson College up front and can apply for other types of assistance by completing the Free Application for Federal Student Aid (FAFSA). Students in these programs are required to complete a VA Enrollment Certification Request each semester that they wish to have their benefits certified and must notify the Financial Aid Office of any changes in their enrollment.
Helpful links for Veteran's programs include:
Helpful links for Survivor's programs include:
Each semester, any student who is eligible for any type of VA education benefit should complete a VA Enrollment Certification Request Form and submit it to the Financial Aid Office in order for VA benefits to be processed. Please remember that if your enrollment changes during the course of the semester, you must notify the Financial Aid Office so that we can provide updated enrollment information to the VA.