Financial
Aid Questions and Answers
What is
Financial Aid?
Financial aid is available to students to help pay the cost
of attending college. At Western Piedmont Community College (WPCC),
funds may come from the federal or state government or from a local
agency or organization. Approximately eighty-five percent of the
funds received by our students come from the federal government.
Financial aid may come in the form of grants, loans, scholarships,
and work-study. Grants and scholarships do not have to be paid back.
Loans must be paid back over a period of time after the student
leaves college. Work-study is money that is earned by working at a
part-time job.
How do I Apply For Financial
Aid?
Students must complete and submit the Free Application for
Federal Student Aid
(FAFSA) to the Federal Processor to determine their eligibility
for financial aid. The FAFSA is available in the Financial Aid
Office or from the Guidance Office at your high school. Students
should submit the FAFSA as soon as possible after January 1 for the
upcoming semester. (NOTE: Students must apply for financial aid
a
yearly basis.) Students should complete a WPCC Scholarship
Application to be considered for scholarships that are administered
by the College. The priority date for both applications is May 1.
Students must have applied to or be in a program leading to a
degree, diploma, or eligible certificate to be considered for
financial aid.
What Determines How Much Aid I Will
Receive?
The information
on the FAFSA will be used to determine how much you and your family
can expect to contribute toward the cost of your education. The
FAFSA asks about your family size, the number of family members in
college, and your family income and assets. To be fair to everyone,
a standard formula (Federal Methodology) is used to calculate the
expected family contribution (EFC). You and your family are expected
to assume primary responsibility for financing your college
education. If the EFC is not enough to cover your cost of education
(or student budget), as determined by the College, you may be
eligible for need-based financial aid.
Your student
budget represents the amount of funds estimated by the College that
you will need during the year to meet direct and indirect expenses.
Direct expenses include tuition, fees, books, and supplies. Indirect
expenses include room, board, transportation and personal
expenses.
The Financial
Aid Office uses the following formula to calculate your
eligibility
for financial aid:
*Cost of
Attendance (Student Budget)
-
Expected Family Contribution
(EFC) = Financial Need
Note: Due to
limited federal, state, and local funds, WPCC cannot meet the full
financial need for most students.
When Will I Know If I Am Eligible For
Aid?
Students meeting the May 1 priority deadline will receive
notification in June for fall semester. Students applying after the
priority date will be notified on a monthly basis. All students will
receive their notification via the U.S. Postal Service.
Financial Aid Applications
To be eligible for ANY WPCC Financial
Aid, students must complete and submit a Free Application for
Federal Student Aid to the Federal Processor . Applications are
available through the Financial Aid Office. Assistance in completing
the application process is available from WPCC's financial aid
staff. Appointments are recommended. Most Financial Aid awards are
based on demonstrated financial need. Types of aid include:
- Grants
- Loans
- Work-Study Programs
- Scholarships
Title IV Institutional Code
List
| ASU |
002960 |
| CCCTI |
004835 |
| CVCC |
005318 |
| East Carolina University |
002923 |
| Gardner Webb |
002929 |
| Lenoir Rhyne College |
002941 |
| MTCC |
008085 |
| NCSU |
002972 |
| UNC Ashville |
002907 |
| UNC Charlotte |
002975 |
| UNC Chaple Hill |
002974 |
| UNC Greensboro |
002976 |
| UNC Wilmington |
002984 |
| Western Carolina University |
002981 |
| WPCC |
002982
|
