How can Financial Aid help meet the cost of a Computer Purchase?
WCU is sensitive to the cost that students incur when preparing to enter college. The Financial Aid Office understands that purchasing a computer, in order to meet the WCU computer requirement, is a major expense. While the Financial Aid Office cannot provide money to help students at the time of the computer purchase, the office can provide money to help reimburse the student and family for the expense they have incurred. The following Q&A should help answer some of your questions about Financial Aid and the WCU computer requirement.
Q. Who will be considered for financial assistance in purchasing a personal computer at WCU?
A. All entering undergraduate students who are required to have a computer as an admissions requirement and who apply for financial assistance by completing the FAFSA form.
Q. What other requirements must be met besides applying for financial aid?
A. Entering students must be degree seeking students to be eligible for assistance.
Q. How will entering students receive additional financial assistance?
A. Entering students meeting the above criteria will have their cost of education (budget) increased by the cost of the minimum configured computer. An increase in the budget allows for awarding greater financial assistance.
Q. What type of financial aid will be available to help meet the cost of the computer?
A. In most cases, financial assistance will be provided as low interest federal loans made available to both parents and students as part of the financial aid award package.
Q. When does the loan have to be repaid?
A. Repayment of student federal loans begins 6 months after the student graduates or fails to enroll as at least a half-time student. Repayment of parent loans begins 60 days after the second disbursement.
Q. When will financial aid be available to reimburse the cost of the computer?
A. Refund checks, for all aid except Stafford loans, are available the third week of class. Students needing the proceeds from the Stafford loans for reimbursement must wait an additional three weeks.