Office of Financial Aid

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Financial Aid Information for the Wescoe Student 2014 - 2015

How to Apply for Financial Aid

  • Complete the 2014/2015 Free Application for Federal Student Aid (FAFSA) using your 2012 federal tax return.  The FAFSA can be filed online at www.fafsa.ed.govMuhlenberg College’s school code is 003304.  This will serve as your needs analysis and will determine your eligibility for the Federal Pell Grant, Pennsylvania State Grant (PHEAA), and federal student loans. 
  • Complete the Wescoe School Application for Financial Aid.
  • Provide additional information if requested.  Some students are selected by the federal government for a process called verification.  If your Student Aid Report (SAR) indicates that you have been selected for verification, you may be required to submit a Verification Worksheet and a Tax Return Transcript, which can be requested at www.irs.gov.

Statisfactory academic progress is expected of all financial aid recipients and is based on attempted and earned course units and on grade point average.  Academic progress is described in detail under Consumer Information on our website.

Students who receive financial aid and withdrawal from all classes will have their disbursement reviewed in accordance with federal guidelines, which may result in a partial return of funds.

 

Sources of Financial Aid

All financial aid sources require that students be enrolled in programs leading to a degree or certificate.  Students must be enrolled at least half-time (a minimum of 1.5 course units).

Grants

Federal Pell Grant:  Eligibility for a Pell Grant is estimated according to the information provided on the FAFSA.  The Pell Grant is based on financial need and does not have to be repaid.

Pennsylvania State Grants (PHEAA) is a need-based grant and is awarded to qualified students who are Pennsylvania residents and enrolled at least half-time for 15 continuous weeks.  PHEAA State Grant awards are frequently revised during the academic year as PHEAA verifies student enrollment cost and status throughout the year.

Federal Direct Loans

Federal Direct Loans are available to students who have completed the FAFSA and are enrolled at least half-time, or two classes.  The Subsidized Loan is need-based with a fixed interest rate of 6.8%.  The interest is paid by the government while the student in enrolled at least half-time.   The Unsubsidized Loan is not need-based and has a fixed interest rate of 6.8%.  Interest begins accruing after disbursement, but can be paid while in school.  Interest and principal payments on Direct Loans may be deferred while the student is enrolled at least half-time.

The following loan amounts are available to independent undergraduate students:

 

Level

Subsidized

Unsubsidized

Total

1st Year

$3,500

$6,000

$9,500

2nd Year

$4,500

$6,000

$10,500

3rd Year

$5,500

$7,000

$12,500

4th Year

$5,500

$7,000

$12,500

The aggregate loan limit for undergraduate students is $57,500; no more than $23,000 of    this amount may be in Subsidized Loans.

Constance Lewis Miller Memorial Endowed Scholarship Fund

Applicants must be female degree candidates; widowed, divorced, or single; and not of traditional college age.  Eligible students may apply using The Wescoe School of Muhlenberg College Application for Financial Aid.

Dr. Samuel Laposata Scholarship

This scholarship was established to benefit matriculated Wescoe students who have completed a minimum of four courses and are in good academic standing.  Students must qualify for financial aid under standard granting procedures.

Community Service Scholarships

Applicants must be engaged in meaningful community service via employment/volunteerism with a local community-based/non-profit organization.  Recipients are chosen by the Wescoe School Community Service Scholarship Committee and receive a tuition scholarship equal to  two courses per semester.

Presidential Assistantships

A limited number of Presidential Assistantships are available in which qualified students assume entry level, half-time, administrative positions in return for tuition remission.  Additional information is available from the Human Resources Department.

Veteran’s Education Benefits

Veterans who want to apply for benefits under the current G.I. Bill should discuss their eligibility and application process with a Wescoe School Academic Advisor. 

Outside Scholarships

Scholarships from outside sources can be found on our website and are posted at the Wescoe School Office.  Any scholarships, employer benefits, or other sources of aid should be reported to the Office of Financial Aid. 

Scholarship Search Online

www.fastweb.com

www.finaid.org

www.collegeboard.com/pay

Summer Financial Aid

Financial Aid is available for the summer semester provided that a student:

  • Is enrolled at least half-time, or 2 classes; and
  • Has completed the 2014/2015 FAFSA

Financial aid disbursements typically occur after July 15th.

2014 Summer PHEAA State Grant

Students can apply directly for the summer PHEAA Grant provided enrollment is at least half-time and for a minimum of eight (8) consecutive weeks.  Visit www.pheaa.org/summergrant to apply online.