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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.

 

 

912-449-7560
dhoward@waycross.edu


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Updated June 18, 2008