Frequently Asked Questions about Financial Aid
Wheelock College is committed to making a private education affordable for everyone. Last year, more than 91 percent of Wheelock students received financial assistance. Below are some frequently asked questions, as well as directions for applying for financial aid at Wheelock. Please visit our tuition web page for information on the cost of attending Wheelock.
Frequently Asked Questions
Q. What is the priority deadline for applying for financial aid?
A. First time students attending Wheelock in Fall of 2015, whether Freshmen or Transfer Students, should file by February 15, 2015. All returning students should file by April 15, 2015.
Q. Is the FAFSA the only form I need to submit to receive financial aid from Wheelock College?
A. Filing the FAFSA is the first step toward receiving financial aid. Often this is all students need to do, but occasionally Wheelock will need to request additional documents such as copies of Federal Tax Return Transcripts or Dependent Verification forms.
Q. What happens after I complete the FAFSA?
A. Your information is processed by a central processing center and data is sent electronically to the schools that you select, as well as to state grant programs. You will receive a SAR (Student Aid Report) via e-mail if you apply online, or via mail if you file the paper version. The SAR is a summary of what you reported on the FAFSA. It is your responsibility to look this over very carefully and review it for any possible problems or errors.
Q. What happens if I am selected for verification on my FAFSA/SAR?
A. If you are chosen for verification on your FAFSA/SAR and are considered a dependent student you must submit a completed copy of the Verification Worksheet and copies of both student and parent 2014 Federal Tax Return Transcripts. If you are an independent student you must submit a completed copy of the Verification Worksheet for Independent Students as well as a copy of your 2014 Federal Tax Return Transcript.
Q. When should I receive my financial aid award from Wheelock College?
A. The Office of Financial Aid will offer a tentative award in early March to all accepted students who have a valid processed FAFSA on file. Returning students will be awarded after spring grades are posted.
Q. Does Wheelock College need any tax documents to determine my eligibility for financial aid?
A. In most cases the FAFSA is enough to determine your eligibility. In some instances students will be selected for verification by the government, and additional documentation will be required. In this scenario we will generally request copies of the parent and student Federal Tax Return Transcripts.
Q. Will I get the same amount of aid for all four years at Wheelock College?
A. Yes, provided there are no significant changes in the family's earnings. Each year, in order to receive financial aid, you must file the FAFSA form. Major changes in income or assets may affect need-based portions of aid.
Q. What happens if there are significant financial changes in my family?
A. We encourage you to communicate any unforeseen changes in your financial situation as soon as they happen. Many of these situations will result in changes in your aid in subsequent years, but we will review your aid package at any time to make necessary adjustments.
Q. Are there jobs on campus for students?
A. As a part of your financial aid award you may receive Federal Work-Study. Work-study positions are available throughout the campus and with a few non-profit agencies close to campus. These positions are part-time (10-14 hours per week) and are meant to provide additional income for books, supplies, pizza, etc. There are also other jobs available that are not work-study on or near the campus.
Q. How do students get these jobs?
A. Open positions are listed online through the Center for Career Development.
Q. Where can I find outside scholarships?
A. You can search our scholarship page and also ask your high school guidance office, employers, parent employers, civic groups, community organizations, search at you local libraries, and use web search engines such as www.fastweb.com.
What to do NOW:
- Apply for a federal PIN. This can be done on line at http://www.pin.ed.gov.
- Both students and parents need their own PIN.
- Attend your high school's financial aid night.
- Make sure you know all of the financial aid deadlines.
- Begin to research outside scholarships.
What to do January 1, 2015 - February 15, 2015:
- Complete the 2015-2016 FAFSA. This can be done on line at http://www.fafsa.gov.
- Make sure Wheelock College is one of the colleges listed to receive the FAFSA data.
- Attend one of Wheelock College's FAFSA Help Sessions that will be offered in January and February.
- Do not miss the priority filing deadline simply because your tax returns are not completed! It is acceptable to use estimated figures for the 2014 tax year.
What to do after February 15, 2015:
- Send any documents requested by the Office of Financial Aid to Wheelock College within two weeks of notification. This may include copies of student and parent Federal Tax Return Transcripts.
- Attend Accepted Students Day on either Saturday, March 28, 2015 or Saturday, April 11, 2015.
- Send deposit before the May 1, 2015 deadline.