The
Financial Aid Office
provides assistance to students who, without such aid, would be
unable to attend college. Assistance is provided through Loans,
Grants, Scholarships and part-time employment.
Waycross College administers funds in accordance with the
philosophy that family is the primary resource for helping student
meet educational costs, and that student financial aid is available
to meet the difference between the student's potential resources
and college expenses. Waycross College utilizes the results from
the Federal Student Aid application as well as all other needs
analysis programs in determining a student's level of financial
need. The family's financial strength is taken into consideration
on the basis of gross income, number of dependents, allowable
expenses and debts, and total assets. The College considers those
applications filed before June 1 for
maximum award benefits for the following year
All
students (regardless of Federal Pell Grant eligibility) must complete
the application process to receive federal or state aid and must
apply each academic year. There are two ways to process the Federal Financial Aid Application
(FAFSA) or Renewal Application:
The
World Wide Web at www.fafsa.ed.gov (which is the fastest way
to file); and
Mail the paper application to the processing center.
Our
TITLE IV SCHOOL CODE is 013537,
DEADLINES
June
1 is the
priority deadline for FALL Semester for submitting all supporting
documentations requested by the Financial Aid Office.
November
1 is the
priority deadline for SPRING Semester for submitting all supporting
documentations requested by the Financial Aid Office.
April
1 is the priority deadline for
SUMMER Semester for submitting all supporting documentation requested by the Financial Aid Office.
The
Financial Aid Office will continue to process all applications
received after the priority date; however, there is a possibility
that late applications will not be ready for registration.
If aid is not ready at registration, students must
pay their own tuition and fees and then be reimbursed according
to their eligibility at the earliest date possible.
Other
Important Information
Notice
to Students: New HOPE Regulations have made it mandatory
that we collect authorization from students to apply the book
allowance to other charges such as parking fees and other mandatory
fees. If you are receiving HOPE and have not signed an authorization
form, you must do so at the Financial Aid Office. You will not
be allowed to process your fees in the Business Office until this
has been done.
Disbursement
of Financial Aid: Financial
Aid offered on the Award Letter is based on full time
status unless otherwise indicated, and may be adjusted depending
on hours taken. Financial aid will only be disbursed to students
who have received an Award Letter from the Financial Aid Office.
Work Study
funds are earned on an hourly basis and are only paid for work
performed. Work Study
is not automatically awarded to students.
Students must contact the FA Office to request Work Study.
Transient
Students: A transient student is one who is enrolled at Waycross
College for purposes other than seeking a degree from WC. Transient
students are eligible for federal financial aid only if there’s
a consortium agreement between the home institution and the host
institution. Transient students eligible for the HOPE Grant
only has to have the HOPE Scholarship Eligibility Certificate
For Transient Study from the home institution.
Auditing
Classes: No aid is available to audit a class.
Repeating
Classes: A student
cannot receive Title IV funds for repeating a classes in which
a passing grade was earned.
Summer
Financial Aid: Initial awards ( Fall and Spring Semesters)
of financial aid do not include Summer Semester. Students
who wish to receive aid (including: HOPE Scholarship, PELL Grants,
SEOG, and Student Loans) for Summer MUST contact the Financial
Aid Office. Summer aid is not available to students who have used their
yearly maximums of PELL Grants and Loans during the regular academic
year. Students should keep this in mind when borrowing funds during
the regular academic year.
Student
Loans: Student loans
are not automatically included as part of the student ‘s
award package. The student must come to the Financial Aid
Office and request a loan.
U.S.
DEPARTMENT OF EDUCATION
WITHDRAWAL/REPAYMENT
POLICY
When
a student withdraws from all classes in which he/she is
enrolled, federal regulations require the institution to determine
the amount of Pell Grant, SEOG and Loan funds the student earned
based on the percent of days the student completed on the
date of withdrawal. The portion of the federal funds that the
student received that were not earned may have to be repaid. Once the student completes more than 60
percent of the enrollment period, the student has earned
100% of the federal funds.
If
a repayment occurs, the school is required to notify the student
within 30 days. The student
then has 45-days from the date of the school’s notification
to respond to the school. In
the event the school fails to notify the student within 30 days,
the student is allowed 45-days from the date the school was required
to send notification to the student:
1) To
repay in full the unearned funds to the Waycross College Business
Office, or
2) To
establish a repayment plan with the Waycross College Business
Office to repay the unearned funds.
A repayment plan may not exceed 2 years.
If
the student fails to comply with the above requirements, federal
law requires Waycross College to:
1)
Report to the National Student Loan Data System (NSLDS)
that the student is currently in overpayment status on a federal grant, and
2) Refer
the overpayment to the U.S. Department of Education (ED) for collection.
A repayment plan may be established with the U.S. Department
of Education. A repayment plan may not exceed 2 years.
Please
be aware that a student is not eligible to receive federal
or state educational assistance until this debt has been paid
or repayment arrangements have been made.
When this debt has been paid in full or a repayment plan
established, the student will be eligible to receive federal and
state educational assistance.
