1. 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. If you are a
first-time WWC student, you will also need to complete the
2. Is there a deadline for filing the FAFSA?
The priority handling deadline for new undergraduate students is
April 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.
3. What is WWC’s school code?
4. 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.
5. How do I apply for WWC honor and merit scholarships?
(new undergraduate students only)
Contact the Admission Office for more information about WWC
6. My FAFSA has been selected for verification. Why was my
information selected for verification? What do I do?
One-third of all FAFSAs are randomly selected for verification by the
Federal Processor. You will need to provide additional information to
WWC in the form of an official IRS Tax information, W-2s, Schedules C and F if appropriate, and supplementary
documentation as requested (we will let you know, if any, what other
types of documentation are required).
7. Can my Financial Aid Award be faxed or emailed to me?
Due to its confidential nature, we are 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.
8. How do I apply for the Federal Direct loan?
1. Sign and return the Financial Aid Award Letter (No faxes or
scanned copies accepted. Student signature is required!)
2. Complete a Master Promissory Note (MPN) with the Federal
Department of Education.
3. Complete Entrance Counseling with Direct Loan Servicing.
9. 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.
10. 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 3.4% for the 2012-2013 students. It is only available to under-
graduate students. The Unsubsidized loan accrues interest while
the student is enrolled and is set at 6.8% interest (for both under-
graduate and graduate students) for 2012-2013. Both loans are
deferrable for a six-month grace period following graduation or
withdrawal (interest rates are subject to change for 2013-2014).
11. 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.
12. 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
13. Does WWC match Americorps awards?
No, we are unable to match Americorps.
14. 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!
Do not rely on anticipated refunds to purchase your textbooks.
15. I am taking a Leave of Absence (LOA) through Warren Wilson
College for the upcoming semester. How does this affect my
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!
16. 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.
17. 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.
18. How do I request an official tax transcript from the IRS?
Click here to find out how to request an official tax transcript.