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Financial Aid

Money Matters

Through a variety of federal, state, and local programs, financial assistance for Wright State students may come in the form of scholarships, grants, loans, and employment.

Financial Aid

To apply for financial aid, you must submit a 2008-2009 Free Application for Federal Student Aid (FAFSA) or Renewal Application to the Federal Processing Agency. The FAFSA or Renewal Application will be used to determine your eligibility for federal and state grants (Federal Pell Grant, Federal Supplemental Educational Opportunity Grant, Federal SMART Grant, Federal Academic Competitiveness Grant, Ohio Instructional Grant or the Ohio College Opportunity Grant; federal loans ( Stafford Subsidized and/or Unsubsidized), Perkins Loan, Nursing Student Loan, Parent Loan for Undergraduate Students (PLUS), Graduate PLUS loan, and Federal Work-Study. A separate application is required to apply for scholarships. Information regarding financial aid programs, applications and/or application requirements, and deadline dates, and web links can be obtained from the Financial Aid web page at www.wright.edu/finaid. The FAFSA or Renewal Application can be filed January 1, 2008 for the 2008-2009 academic year.

Financial aid for graduate students includes graduate assistantships, graduate fellowships, Federal Subsidized and/or Unsubsidized Stafford loan(s), Perkins loan, Nursing Student loan, Graduate PLUS loan, and Work-Study. Information regarding Wright State graduate scholarships, assistantships and fellowships is available through the School of Graduate Studies, and online at www.wright.edu/academics/gradcatalog/admissions.

Information on electronic filing or paper application for FAFSA or scholarships are available in the Office of Financial Aid, which is located at E136 Student Union. Financial aid (excluding renewable scholarships) does not automatically continue from year to year. Students are to apply for financial aid beginning in January, prior to each academic year.  The Wright State priority filing deadline date for FAFSA is February 15, 2008 for the 2008-2009 academic year.

For faster processing, the FAFSA or Renewal Application can be completed online at the following web address: www.fafsa.ed.gov/. Along with the income information required to submit the FAFSA or Renewal, students (and parents for dependent students) must also have an assigned FAFSA PIN number. Your FAFSA PIN number can be requested online at www.pin.ed.gov. Your FAFSA PIN number will serve as your online signature, and will be needed to access your completed FAFSA or Renewal online if corrections are needed.

Once your completed FAFSA information is received by the Office of Financial Aid, you will receive notification through your Wright State e-mail address. Once received, you will access your financial aid information on Wings Express (http://wings.wright.edu). The Financial Aid and Scholarship section of Wings Express will also detail if there are any requirements that are needed to finalize your financial aid. Once your requirements are satisfied, you will be notified by e-mail when your financial aid award is available on Wings Express.

Once awarded, you will be instructed through Wings Express to approve your award notice, and how to apply for awarded loans. The FAFSA PIN will also be needed to sign Stafford and PLUS loan promissory notes online. Pre-loan counseling forms will also be required for loan borrowers on Wings Express.

In order to receive federal financial aid from year to year, in addition to filing the FAFSA, students must make satisfactory academic progress for financial aid. Undergraduate and Graduate students must earn cumulative grade point average and credit hours, and not exceed 150 percent of the credit hours required for their program completion.

Undergraduate

2.0 minimum GPA and 67% of minimum cumulative earned credit hours (Good Standing)
1.0 minimum GPA and 50% of minimum cumulative earned credit hours (Warning)

Graduate/Doctoral

3.0 minimum GPA and 85% of minimum cumulative earned credit hours (Good Standing)

150% Rule (must not have the following earned credit hours totals)

Undergraduate - 318 or more
Graduate - 113 or more
Doctoral - 225 or more

Students who have an unsatisfactory status, due to not meeting the hours and/or grade point requirement (but have not exceeded the 150% credit hour totals) may appeal to the Office of Financial Aid if there are extenuating circumstances that affected their ability to meet the SAP requirements. Students cannot receive federal aid with an unsatisfactory status.

If an appeal is not approved, or student chooses not to appeal, students must re-establish their federal financial aid requirements at Wright State, without the use of federal financial aid. Student must contact the Office of Financial Aid once requirements are met. For more information, please refer to our homepage.

Scholarships

Scholarships are a form of gift aid that does not require repayment. They may be based entirely on academic excellence or on financial need and academic excellence.

Continuing undergraduate students at Wright State may apply for university and departmental scholarships through the Continuing Student Scholarship application. The Continuing Student Scholarship application is available through the Office of Financial Aid, or online at www.wright.edu/finaid. Click on “Types of Aid”, and “Continuing Wright State Students” for application and scholarship information. The application is available each January, and eligible continuing students are encouraged to apply by the March 1 deadline date. Scholarships range in value from approximately $500 to $16,600.

If you have received a scholarship from Wright State as an incoming or transfer student, you may apply for additional scholarship assistance. A student may receive more than one scholarship as long as the combination of scholarships does not exceed the cost of tuition, room and board, and books for one academic year.

A separate scholarship search database is available on the financial aid web page at www.wright.edu/finaid. Click on "External Scholarship Search Sites".