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 more than $15 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 $15 million to undergraduate students in 2016-17
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-$5,815 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 4.45% for Subsidized and Unsubsidized Stafford Loans beginning July 1, 2017. 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.
CANNOT BORROW A PLUS LOAN
Federal Perkins Loans– Federal program providing loans to exceptionally needy students at 5% fixed-rate interest. Students may borrow up to $5,500 for each year of undergraduate study. Repayment of principal and interest accrual begins nine months after the student graduates, withdraws, or drops below half-time enrollment status. Loans must be repaid within ten years. To apply, complete the FAFSA and all supporting documentation as requested by the Financial Aid Office by April 30. Federal Perkins Loan Entrance Counseling and Master Promissory Note are required of all first-time borrowers and will be completed online with ECSI. This program will expire September 30, 2017.
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 7.00% effective July 1, 2017. 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 PLUS Loan. 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.
TASC (The Alumnae-Student Contract)–Well-qualified undergraduate , who otherwise may not be able to attend Wilson, receive loans from a fund subsidized by alumnae, foundations, and other friends of the College. Awards are based on potential for leadership, academic merit, and character. Students selected as TASC Scholars receive $1,500 per academic year and, after graduation, repay $300 (interest free) for each year they received TASC assistance. TASC Scholars who do not graduate from Wilson repay all TASC money received. Incoming Traditional undergraduate students receive first preference for TASC awards. Applications are available in the Admissions Office and must be submitted by March 1.
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.
|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: