Frequently Asked Questions
- How do I apply for need-based aid?
File the FAFSA any time after January 1st using the previous year’s tax return information. File the FAFSA at www.fafsa.gov.
- Is there a deadline for filing the FAFSA?
The priority handling deadline for new undergraduate students is March 1st, but we highly encourage filing by the end of February if possible. We also encourage you to file the FAFSA about two weeks after filing taxes so you can utilize the IRS Data Retrieval Tool in the FAFSA.
- What is WWC’s school code?
- I don’t think that I’m eligible for financial aid, should I still apply?
Yes! Even if you are not eligible for need-based aid, you will still be eligible for a Federal Direct Unsubsidized Loan and a Federal Direct PLUS Loan for Parents.
- How do I apply for WWC honor and merit scholarships? (new undergraduate students only)
Contact the Admission Office for more information about WWC scholarships.
- My FAFSA has been selected for verification. Why was my
information selected for verification? What do I do?
FAFSAs are randomly selected for verification by the Federal Processor. We will let you know what information we will need from you.
- Can my Financial Aid Award be faxed or emailed to me?
Due to its confidential nature, we are currently required to send the Financial Aid Award through the mail. In addition we will need one of the original awards signed and returned to us.
- How do I apply for the Federal Direct loan?
1. Sign and return the requested paperwork.
2. Complete a Master Promissory Note (MPN) with the Federal Department of Education.
3. Complete Entrance Counseling.
- What is a Master Promissory Note (MPN)?
The MPN is your agreement with the Federal Department of Education to borrow and repay Federal loan funds. It is a “promise” to repay the amount borrowed. You can apply online with the Federal Department of Education using your Federal PIN as your electronic signature.
- What is the difference between Federal Direct Subsidized and Unsubsidized loans?
The Federal government pays the interest on the Direct Subsidized loan while the student is enrolled. This loan is need-based and is set at 4.66% for the 2014-2015 school year. It is only available to undergraduate students. The Unsubsidized loan accrues interest while the student is enrolled and is set at 4.66 % interest for undergraduate students and at 6.211% for graduate students for 2014-2015. Both loans are deferrable for a six-month grace period following graduation or withdrawal. (Interest rates are subject to change for 2015-2016).
- Why hasn’t my aid been credited to my student account?
Your file is not complete. You can look at your Campus Web account or contact our office at 828-771-2082 to find out what forms you still need to submit to complete your financial aid file.
- I’ve received a scholarship from an outside source! Do you need a copy of the award letter?
Yes–please forward a copy to the Financial Aid office as soon as possible. Congratulations!
- Does WWC match Americorps awards?
No, we are unable to match Americorps.
- I’m expecting a financial aid refund. Can I use this money to buy my books?
If you are due a refund, it will not be made available to you in time! Contact the Accounting Office about a bookstore voucher.
- I am taking a Leave of Absence (LOA) through Warren Wilson
College for the upcoming semester. How does this affect my financial aid?
By taking a formal LOA through the Registrar’s Office, you are eligible for honor/merit scholarship renewal if you meet the requirements specified in your original scholarship award letter. You will need to reapply for financial aid by filing the FAFSA for the academic year applicable to the semester of your return. An additional benefit of taking an LOA is pre-registering electronically with your class.
* If you have borrowed any educational loans (Federal Direct, Federal Stafford, or private loans) while enrolled, when you begin an internal WWC LOA your six-month repayment deferral (grace) period will begin!
- I have fewer dollars in savings than I did when I filed the FAFSA. May I up-date my assets?
No, the reported assets provide a “snapshot” of your financial situation on the day that you filed the FAFSA.
- When do I have to begin repayment of my student loans?
You have a 6-month deferral (grace) period following graduation or withdrawal. If you fall below half-time enrollment, your grace period will begin.
- How do I request an official tax transcript from the IRS?
Click here to find out how to request an official tax transcript.