Financial AidTo be considered for federal financial aid, students must complete the Free Application for Federal Student Aid (FAFSA) or Renewal Application and submit it to the Federal Processing Agency. For faster processing, the FAFSA or Renewal Application can be completed on the Internet at http://www.fafsa.ed.gov/. No processing fee is required for FAFSA or Renewal Application.
Students filing the FAFSA or Renewal online are required to use their FAFSA PIN as the online signature to complete the application. If you do not have a PIN number, go to http://www.pin.ed.gov/ for a PIN request. The FAFSA application may be obtained from the Office of Financial Aid, but the Renewal Application will be mailed from the Federal Processing Agency to the student applicant. Please note: the Renewal Application will be mailed to students who have applied for financial aid through the FAFSA in the previous academic year. The FAFSA or Renewal Application must be mailed or electronically submitted to the Federal Processing Agency no later than February 15 prior to the start of the academic year to determine priority eligibility for Federal Perkins Loan, Federal Nursing Student Loan, Subsidized and/or Unsubsidized Stafford Loan, and Federal Work-Study employment program. Applications received after the priority deadline date will be considered for Subsidized and/or Unsubsidized Stafford Loan eligibility.
Students who receive federal financial aid will also be expected to maintain standards of satisfactory academic progress as defined by federal guidelines and school academic policy.
Financial Aid on WINGS Express
Once the FAFSA date has been received by Wright State, students will be notified
by their campus e-mail address or postcard to complete steps for the award
of their financial aid. Students will access the financial aid by going to
WINGS Express at http://wings.wright.edu.
Students will be asked
their user id and PIN
Once you've logged in to WINGS Express, select "Student and Financial Aid " and then "Financial Aid and Scholarships." Select "Financial Aid and Scholarship Requirements" to view your outstanding requirements for the 2007-2008 Financial Aid Year. Our office will send a notice to you via WSU e-mail when requirements are added. Once you've received an e-mail via WINGS from our office indicating you've been awarded financial aid, go to WINGS Express to view your Award Notice.
Students who need to complete Stafford promissory notes with Great Lakes will have a link to complete the loan application online (with FAFSA PIN used for signature for promissory note). WINGS Express also provides students with information online regarding their Registrar and Bursar accounts.
Federal Perkins Loans
Eligibility for the Federal Perkins Loan is determined by the student having high computed financial need through the FAFSA or Renewal Application, and applying by the priority deadline.
The repayment period and interest accrual for the Federal Perkins Loan does not begin until nine months after the student terminates at least half-time enrollment. The loan has a 5 percent fixed interest rate.
Federal Stafford Loan Program
Through the cooperation of lending institutions that participate in the Subsidized and Unsubsidized Federal Stafford Loan program, students who are enrolled in a licensure, or degree-seeking program, and are registered for a minimum of 4 credit hours, may receive Stafford educational loans. The yearly Stafford loan limit for graduate students is $18,500. A brief description of each loan follows:
Stafford Loan (Subsidized)
Students having need, as determined by the FAFSA or Renewal Application, can receive up to $8,500 in Subsidized Federal Stafford eligibility. Repayment begins six months following graduation or termination of at least half-time enrollment. The variable interest rate begins at the time of repayment, not to exceed 8.25 percent. The student will be expected to pay a 3 percent fee, which is deducted from the loan before it is disbursed.
Stafford Loan (Unsubsidized)
The terms and conditions of the federally funded Unsubsidized Stafford Loan are the same as for the Subsidized Stafford Loan, except that the borrowers of the Unsubsidized Stafford Loan will be responsible for payment of the interest that accrues while they are in school. The interest rate is variable, not to exceed 8.25 percent. Unsubsidized Stafford Loans are available to students who do not qualify for the Subsidized Stafford Loan or have minimum eligibility through the Subsidized Stafford Loan. Graduate students can borrow, in Unsubsidized Stafford Loan, up to the graduate loan limit ($18,500) minus the eligible Subsidized loan amount. The number of credit hours, quarters enrolled, and other financial aid and/or scholarships will also determine eligibility amount in the Stafford Loan programs.
Federal Work-Study Program
Employment through the Federal Work-Study Program is available to students who demonstrate financial need, according to federal guidelines, and who apply by the priority deadline.
Graduate students who are registered for at least four credit hours are eligible to work a maximum of 20 hours per week while classes are in session.
Active duty personnel and Vietnam-era veterans are eligible for the new G.I. Bill if they served without a break in service after October 19, 1984, through June 30, 1985. Only veterans separating after June 30, 1988, are eligible.
The All-Volunteer Force Educational Assistance Program (New G.I. Bill) can be used by a veteran who entered on active duty at any time after June 30, 1985, and paid into the program.
Applications are available from the Veterans Affairs office at Wright State University or from any Department of Veteran Affairs office. Educational opportunities are available for children and surviving spouses of veterans whose deaths or permanent total disabilities were service-connected. Spouses and children of servicemen and service women declared missing in action or prisoners of war are also eligible.
E344 Student Union
Voice: (937) 775-2976
Fax: (937) 775-2453