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 Alternative Loans
 Application Process
 Application Priority Date
 Cost of Attendance
 Disbursement Information
 Enrollment Level
 Income Adjustments
 Federal Perkins Loan
 Common Questions & Answers
 Satisfactory Progress
 Federal Stafford Loan
 Types of Financial Aid & Terms
 Withdrawing From School
 Federal Work Study
Types of Financial Aid

GRANTS

Grants do not have to be repaid if you maintain satisfactory progress. Funds are limited. Apply by March 1st for priority consideration.

FEDERAL GRANTS:

  • Federal Pell Grant
  • Federal SEOG-Supplemental Educational Opportunity Grant

STATE GRANTS:

  • LEAP-(formerly State Student Incentive Grant)
  • UCOPE-Utah Centennial Opportunity Program for Education
  • UHEAG-UHEAA Educational Grant

FEDERAL WORK-STUDY

STUDENT LOANS

Student Loans must be repaid. Weber State University participates in the following Federal Student Loan Programs:

FEDERAL PERKINS LOAN (formerly National Direct Student Loan)

FEDERAL FAMILY EDUCATION LOAN (FFEL)

  • Subsidized Stafford
  • Unsubsidized Stafford
  • Federal Parents Loan for Under-graduate Students (FPLUS)
  • Federal Graduate or Professional PLUS Loans (FGPLUS)

FINANCIAL AID TERMS


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.

 

Before you decide to take out a loan

  • Explore all other sources of financial aid.
  • Evaluate your major course of study and estimate what your annual earnings will be upon leaving school.
  • Only borrow the amount that is absolutely necessary.
  • Make sure you can conveniently pay back your loan and still afford other necessities such as food, rent, clothing, etc.

When you accept a loan:

  • Take out all your student loans from one lender, if possible.
  • Read your Statement of Rights and Responsibilities before signing any loan papers.
  • Keep current records of all your student loan transactions.
  • Keep track of how much you borrow at each grade level. You must progress from one grade level to the next to qualify for more loans once you borrow the maximum amount at that level.

Weber State University, Financial Aid Office
Ogden, Utah 84408-1136
finaid@weber.edu, (801) 626-7569