Financial aid is monetary assistance provided through various sources to help you meet your financial needs while attending college.
- Grants – This is money that you do not have to repay.
- Work Study – This is money you actually earn. The college provides employment opportunities that can help pay your college expenses.
- Alternative Loans or Private Loans – These are funds which are provided by a lender and must be repaid. This repayment usually includes interest. These loans are based on borrower credit worthiness or borrower with credit worthy co-signer. Most alternative loan programs require the student to be enrolled at least half-time in an eligible degree or diploma program.
- Scholarships – These funds do not have to be repaid; however, there are often stipulations, such as financial need and/or academic achievement attached to the award. Contact the WCC Foundation Office for scholarship information and applications. Additional scholarships may be found online at the Federal Student Aid Gateway.
The first step is to complete the Free Application for Federal Student Aid (FAFSA) at http://www.fafsa.ed.gov. FAFSA worksheets, to help you prepare for completing the FAFSA, are available at your high school guidance center or the WCC Financial Aid Office. Mail-in applications are available for download at the Federal Student Aid Gateway or by contacting the Central Processing System at 1-800-433-3243. In order to be considered for state aid, as well as federal campus-based programs (Federal Pell Grant, Federal SEOG and Federal Work-Study) the FAFSA must be received by the federal processor. The FAFSA may be completed as early as January 1 of each year. Early filing ensures prompt processing of your application. See the Wayne Community College calendar for recommended priority deadlines.
In order for us to receive your application electronically, it is important that you include our school code on your application.
According to the Federal Trade Commission, unscrupulous companies guarantee or promise scholarships or grants. Some guarantee that they can get scholarships on behalf of students or award them “scholarships” in exchange for an advance fee. Most offer a “money back guarantee” – but include conditions that make it impossible to get the refund. Others provide nothing for the student’s advance fee-not even a list of potential sources. Some companies ask for a student’s checking account to “confirm eligibility,” then debit the account without the student’s consent. Even if the company does provide the student with an award source(s), most often the same information is available at the Financial Aid Office for free.
- FastWEB (Financial Aid Search Through the Web)
- FinAid (The Financial Aid Information Page)
- Student Financial Aid For North Carolinian
Click here for Scholarship Scam Homepage for more helpful information on scholarship scams, plus a list from the Federal Trade Commission (FTC) of fraudulent companies to avoid, and more.