AWARD OFFER:
A list of types and amounts of aid that WSU Federal Student Financial Aid is offering. You are not required to accept all aid offered.
RESIDUAL CHECK:
Once tuition/fees are paid, left over financial aid funds will be paid to the student. WSU will create a check for this amount and send it to the student through the mail.
COST OF ATTENDANCE:
This figure includes the total price of tuition, fees, room, board, books, supplies, transportaion and personal expences for the time period of attendance indicated by the student on the WSU Application for Financial Aid. It is also know as the 'Student Budget'. Award offers and other resources (scholarships) can never exceed the Cost of Attendance (COA).
EXPECTED FAMILY CONTRIBUTION(EFC):
A measure of your family's financial standing based on income, assets, family size etc., which is determined from the FAFSA information. The EFC represents the amount of money the federal government believes your family is able to contribute toward college. The amount you end up actually paying could differ from the EFC, depending on what other resources you receive.
FEDERAL FINANCIAL AID:
Aid eligibility that comes from FAFSA processing. At WSU, this includes: PELL, SEOG, LEAP, UCOPE, UHEAG, Federal Work study, Perkins loans, Stafford loans, PLUS loans.
FINANCIAL NEED:
This is the same as your COA, minus your EFC.