Page 10 - Washburn Unversity New Student Orientation

FINANCING YOUR EDUCATION
FEDERAL FINANCIAL AID
Free Application for Federal Student Aid (FAFSA)
To receive federal financial aid, you must complete the FAFSA every year at fafsa.gov. The information from FAFSA determines whether you are eligible for grants, loans, work study or all of the above. Washburn University’s federal school code is 001949.
All applicants for federal student aid
are considered either “dependent” or “independent.” Dependent students are required to include information about their parent(s)/guardian(s) on the FAFSA; independent students must include information about themselves and spouse (if applicable).
REVIEWING YOUR FINANCIAL AID AWARD
Accessing your Award via MyWashburn If an award has been processed, you may view it online:
• LogintoMyWashburn(my.washburn.edu) • SelecttheFinancialServicestab
• SelectFinancialAidAwardslinkavailable
on left column
• Select Aid Year and click Submit • Select Terms and Conditions tab
(All students must read and accept the Terms and Conditions before accepting financial aid).
• Select the Accept Award Offer tab to accept/decline award(s).
Satisfactory Academic Progress
Federal regulations require that financial aid recipients maintain Satisfactory Academic Progress (SAP) in order to remain eligible for Federal Financial Aid. SAP standards
are also required for state aid (i.e., Kansas Comprehensive Grant), all Washburn scholarships and some private loans.
To meet Satisfactory Academic Progress standards, students must maintain a cumulative GPA of at least 2.0 to be on track to complete their degree.
A grade review will determine the Satisfactory Academic Progress status of students receiving financial aid. This is done at the end of each Fall, Spring and Summer semester. Students may check their SAP status in MyWashburn, through the Financial Aid menu. If a student does not meet SAP, they may appeal for reinstatement of aid.
COA
Cost of Attendance
Financial Need
EFC NEED
Expected Family Financial Contribution Need
(determined by FAFSA)
Grants
Loans
IfyouaretakingoutFederalDirect Stafford Loans to help finance your education, you must complete entrance counseling and a Master Promissory Note (MPN) at studentloans.gov.
Entrance counseling will give
you details about loan repayment after you complete your degree at Washburn.
Work Study
Federal Work Study is available for students who demonstrate financial need. Work study jobs are available on campus and provide students with flexible work schedules and the chance to gain work experience.
• FederalPellGrant:Aneed-based grant program for undergraduate students
• FederalSupplementalEducational Opportunity Grant: A need-based grant program for students with exceptional financial need
• KansasComprehensiveGrant:
A need-based grant program for Kansas residents enrolled full-time
• FederalTEACHGrant:For students who intend to teach in a public or private elementary or secondary school, serving low-income families
Financial Aid Office
Morgan Hall 103 785.670.1151 financialaid@washburn.edu
washburn.edu/financial-aid
PRE-ORIENTATION 8