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 Student Aid (FAFSA) and the actual cost of tuition, room, board, and mandatory student fees, plus an estimated amount for books and miscellaneous expenses. For the 2019-2020 academic year at Washington College, the total direct cost for tuition, fees, room and board is $61,536. Estimated costs for textbooks and supplies is $1,500, transportation and personal expenses are approximately $2,420.
Applicants for the 2020-2021 academic year should file the FAFSA between October 1, 2019 and March 1, 2020. The FAFSA code for Washington College is #002108. For the 2020-2021 FAFSA, students/parents will be required to report 2018 income and tax information. Families with questions about estimating tax data are encouraged to call the Office of Student Financial Aid.
In order to sign your FAFSA electronically, one parent and each student filing will need to apply for an FSA ID. New students/parents will be notified of financial aid decisions on a rolling basis beginning in January. 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 may 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.
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Our Top 3 Questions
What application materials are needed to apply for financial aid?
WC requires aid applicants to submit the FAFSA (WC code # 002108) by March 1.
How many Washington College students receive aid?
Approximately 85% of the student body receives some form of need-based financial aid or merit-based scholarship award.
How can I order a copy of my tax transcript?
IRS tax transcripts are often used to validate income and tax filing status. The IRS has a new system called “Get Transcript” and it allows you to download and print your transcript immediately if the tax return for the chosen year has been processed, or you can request a copy be mailed to you.
All you need to do is go to: http://www.irs.gov/Individuals/Get-Transcript