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Current Announcements

Office Hours

The financial aid office is open Monday, Tuesday, Thursday from  8-5 Wednesday 8-2 pm and closed Fridays.  You may contact the office by email at financailaid@wvc.edu or by phone at 509 682 6810.

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 Attention DREAMers!

 A new state law has expanded eligibility for the Washington State Need Grant to low income, non-citizen students who meet the program's eligibility requirements and also satisfy the residency criteria below:

 Have graduated (or will do so before beginning college) from a Washington high school, or obtained a GED

 Have lived in Washington for three years prior to, and continuously since earning the high school diploma or equivalent.

 How to Apply—The WASFA

To apply for the State Need Grant, students who are unable to file a Free Application for Federal Student Aid (FAFSA) due to immigration status, may instead complete the free Washington Application for State Financial Aid (WASFA).

Visit the website to applywww.ReadySetGrad.org/WASFA

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 2014-2015 FAFSA available NOW.

 Don't forget to reapply for financial aid each year.  The 2014-2015 FAFSA is available now for the fall quarter of 2014.

 Complete the FAFSA by March 15th, 2014 for priority consideration.  You can complete your FAFSA at www.fafsa.ed.gov.

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Policy Change regarding Financial Aid Paying for Repeat Courses

     Starting July 1, 2011 students can only count credits of a repeated course once towards their financial aid eligibility if they had already received prior credit for the course.  For example; if a student takes a Math 101 classes and receives a D grade and wants to take the class again, financial aid will only pay for the repeat one more time.  If the student receives a D grade again, they can repeat the course, but cannot count it towards credits used in determining financial aid eligibility.

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              ****New Online Debt Management Tool for Students*****

 The U.S. Department of Education (ED) just released a new online interactive loan counseling tool to help students manage their loan debt.

 The Financial Awareness Counseling Tool aims to provide students with basic financial management information, such as their current loan debt and estimates of debt levels when interest accrues after graduation.

The tool provides students with five interactive tutorials on topics including managing a budget and avoiding default. Students can also access their individual loan history and receive personalized feedback.

Check this site out for information to help you understand your financial aid and assist you in managing your finances.

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 FINANCIAL AID AND WITHDRAWING FROM THE QUARTER

 If a student has received financial aid and has decided to withdraw from the quarter, they must officially withdraw from their classes either online at the WVC website or in person at the Registration office.  This will prevent them from receiving failing grades at the end of the quarter.  

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INCOME BASED LOAN REPAYMENT PLAN

On July 1, 2009 a major new student loan repayment option will become available for the first time. Income-Based Repayment (IBR) caps monthly federal loan payments at an affordable level based on your income and family size, and forgives any debt and interest that remains after 25 years. If you owe more on your federal student loans than you earn in a year, you can probably benefit from IBR. The lower your income, the lower your monthly payment will be: in some cases, as low as $0. IBR is available for almost all federal loans - past, present, or future - made by any lender, whether for college or graduate school.

If you work in a government, nonprofit, or other public service job, you could have your remaining student loan debt forgiven after just 10 years of Income-Based Repayment, or certain other payments. Your loans have to be in the federal Direct Loan Program to qualify, but the 10 years don't have to be consecutive. You just need to make a total of 120 payments while working full-time for a public or nonprofit employer, starting on or after October 1, 2007.

For more information, including a simple calculator to estimate monthly payments, please visit www.IBRinfo.org.

 

 

 

 

 


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Phone: (509) 682-6800
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