Financial Aid @ WC
Washington College offers several types of financial aid to help qualified full-time undergraduate students meet their college expenses. College-sponsored tuition scholarships, tuition grants, work/study, and low-interest loans are available to full-time undergraduate students who demonstrate financial need and who meet the College’s admission criteria. In addition to College-sponsored financial aid, eligible students can receive assistance from federal, state, and independent aid programs.
The purpose of need-based aid is to reduce the difference between the student’s estimated contribution to college expenses as determined by the Free Application for Federal Financial Aid FAFSA and the Washington College’s Institutional Aid Application and the actual cost of tuition, room, and board, plus an estimated amount for books and miscellaneous expenses. For the 2013-2014 academic year at Washington College, the total direct cost for tuition, fees, room and board is $50,562. Estimated costs for textbooks and suppplies is $1,250, transportation and personal expenses are approximately $2,500.
Applicants for Fall 2013 should file the FAFSA and the Washington College’s Institutional Aid Application between January 1 and March 1, 2013. The Washington College code for the FAFSA is #002108. In order to sign your FAFSA electronically, one parent and each student filing will need to apply for a Personal Identification Number (PIN). Although 2012 federal tax information is needed to complete the two forms, families are advised to use estimated tax data rather than miss the March 1 filing deadline. Families with questions about estimating tax data are encouraged to call the Office of Student Financial Aid. New students will be notified of financial aid decisions on a rolling basis beginning early in February. Upper class award notices are sent to returning students in June after the completion of spring semester courses.
For students who show exceptional academic promise, Washington College also offers merit-based academic tuition scholarships. These are offered without regard to financial need; however, in cases involving both superior academic achievement and demonstrated financial need, a merit-based tuition scholarship will be included in the financial aid package. Students who qualify for merit-based tuition scholarships are notified of their award at the time of admission to the College.
Grant and scholarship assistance from all sources is first applied to full-time tuition charges. Grant and scholarship assistance in excess of tuition is then applied to direct college charges for fees, and on campus room and board.
