GRADUATE FINANCIAL AID

Tuition Costs (Effective Fall 2012):

Graduate GAPS Programs- $580 per credit

DNP Program- $690 per credit

Undergraduate GAPS Programs- $540 per credit

For billing questions, please call 724-852-3255 or 724-852-3385 to receive helpful assistance.

Financial Aid: Financial Aid is available for students who enroll at least half-time (six credits per semester). This includes eligibility for student Direct Loans. If you have questions regarding financial aid, please contact the Financial Aid Office at 724-852-3208 or at finaid@waynesburg.edu.

Applying for Financial Aid: Students must complete the 2012-2013 Free Application for Federal Student Aid (FAFSA) to determine financial aid eligibility. This form can be completed at www.fafsa.ed.gov. In addition to this, if the student wants to borrow student loans, he/she must complete a Direct Loan Entrance Interview, a Direct Loan Master Promissory Note (MPN) and the appropriate Financial Aid Application. See the links below to complete.

DIRECT LOANS FOR STUDENTS

Waynesburg University will participate in the William D. Ford Federal Direct Loan (Direct Loan) Program beginning with the Fall 2010 semester. Students who previously received loan funds through the Federal Family Education Loan (FFEL) Program will now have to borrow through the Direct Loan Program. This change in the student loan process was legislated by the federal government and becomes mandatory for all schools beginning July 1, 2010.

The Direct Loan Program offers the same types of loans as the FFEL Program with generally the same terms and conditions but, instead of a bank lending the money , the United States Department of Education (USDE) lends the money directly to students through the school. There are also some differences in the names of the loans. The FFEL Program's Federal Stafford Loans (subsidized and unsubsidized) are called Direct Subsidized Loans and Direct Unsubsidized Loans.

To assist student in the Direct Loan process, the federal government has set up the web site StudentLoans.gov as the portal for students to manage their Direct Loans. Borrowers can use this web site to:

1. Complete their Direct Loan Entrance Counseling.

2. Complete their Direct Loan Master Promissory Note (MPN).

3. View correspondence regarding their Direct Loans.

4. Complete their Direct Loan Exit Counseling.

FIRST-TIME DIRECT LOAN BORROWERS MUST COMPLETE A DIRECT LOAN MPN!

If you have not previously received a Direct Loan, you MUST complete a Direct Loan Master Promissory Note (MPN) at https://studentloans.gov. Although you may have previously signed a MPN to receive Stafford Loans in the past, a Stafford Loan MPN CANNOT be used to process a Direct Loan. ALL NEW DIRECT LOAN BORROWERS MUST COMPLETE A DIRECT LOAN MPN!

The MPN is the legal document through which you promise to repay your loans and any accrued interest and fees to the USDE. It also explains the terms and conditions of your student loan. If you have not done one and you want to borrow a student loan, please complete one immediately at https://studentloans.gov.

FIRST-TIME LOAN BORROWERS MUST ALSO COMPLETE ENTRANCE LOAN COUNSELING!

If you are an undergraduate or graduate/professional student and have not previously received a Stafford or Direct Loan, you must complete Direct Loan Entrance Counseling before you can receive a Direct Loan. Like the Direct Loan MPN, the Entrance Counseling should be completed at https://studentloans.gov.

QUESTIONS/PROBLEMS WITH YOUR DIRECT LOAN?

For additional information about Direct Loans, visit http://www.direct.ed.gov or https://studentloans.gov. If you have any questions or problems with completing your Direct Loan Entrance Counseling or your Direct Loan MPN, please contact the Financial Aid Office at 724-852-3208 or finaid@waynesburg.edu.

Financial Aid Links:

Yellow Ribbon Program

Direct Loan Entrance Counseling

Direct Loan Exit Counseling

Direct Loan Application/Master Promissory Note (MPN)

University Aid Forms:

Summer GAPS Financial Aid Application

Federal Verification Worksheet:

Independent Verification Worksheet

Verification Process
The United States Department of Education (USDE) and Waynesburg University reserve the right to select your Free Application for Federal Student Aid (FAFSA) for a review process referred to as "verification." If your application is selected, you are required to submit to the Financial Aid Department a completed Federal Verification Worksheet. In addition to this, if asked, you may be required to submit copies of the student's and, if dependent, the parents' federal, IRS tax transcript, W-2 forms and/or documentation of untaxed income.
If and only if your application is selected for verification, will you be notified by the Financial Aid Department either via a Waynesburg University Award Letter or a Document Request Letter of the documents necessary to complete the process. Waynesburg University must complete this process prior to disbursing aid funds to a student's account. Failure to complete verification within fourteen days of the initial request may result in the cancellation of aid and the possible termination of enrollment. If corrections to the FAFSA are necessary, we will make them electronically once verification is complete. The student will then receive a revision from the federal processor. If an overpayment is due, we will notify the student of the steps necessary to resolve this.

Verification Changes
 
 Pay special attention to first bullet
 
•    If your FAFSA is selected for verification, you are required to provide your school with documents to verify the accuracy of your FAFSA data.  In the past, income information was verified by the submission of signed copies of the IRS 1040.  Beginning in the 2012-13 academic year, an IRS transcript will be required for verification instead of a copy of the 1040.  If selected for verification, you will need to contact the IRS and order a tax transcript by one of these methods:
 
     On-Line: The IRS online ordering method, Order A Transcript, makes ordering simple.
 
     Phone: You may also request transcripts by calling 1-800-908-9946.
 
     By Mail: Use IRS Form 4506T (Request for Transcript of Tax Return)

•    If you are a non-tax filer and you are selected for verification, you will need to send your school a copy of IRS Form W-2 for each source of employment income received for tax year 2011.  This is a new requirement for non-tax filers.