The 2014-2015 Scholarship Application has now been posted on our website under Scholarships. This application will be used for any students who wish to apply for scholarships offered through WVC & the WVC Foundation. Students do not need to choose a scholarship, as they will be matched to the scholarships that they qualify for.
The new application can be filled out electronically, but still needs to be printed & submitted to the Financial Aid Office. All applications & supporting documents must be postmarked or received in our office by 5pm on January 31, 2014.
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.
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.
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.
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.
1300 Fifth Street, Wenatchee, WA 98801 Phone: (509) 682-6800