Frequently Asked 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
How do I contact the Office of Student Financial Aid to get more information?
Washington College Office of Student Financial Aid
300 Washington Avenue
Chestertown, MD 21620-1197
Where can I find additional sources of financial aid?
A good place to start is here—on our Private Scholarships page. Students can conduct scholarship searches and discover a wealth of helpful information at a number of websites.
Does WC participate in a tuition payment plan that allows installment payments for each semester’s bill?
For a modest annual fee, Washington College families can make their college payments in 4 or 5 month installments per semester.
Are there state financial aid programs that I should know about?
Yes. Maryland residents can benefit from a variety of state-funded scholarships and grants. Information about these programs is available in high schools and at local public libraries. Filing the FAFSA on or before March 1 is a requirement for state-funded programs. In most cases, out-of-state residents cannot transport their home-state awards to WC.
Will your institution meet my full financial need?
The percentage of demonstrated need that is met by the College’s aid award varies from student to student. Meeting full demonstrated need is not the policy of Washington College.
Are Washington College admission decisions ‘need-blind’?
Yes, admission decisions are made without consideration of a student’s financial circumstances.
Once my financial aid package is awarded, will additional scholarships reduce the amount of financial aid I can receive?
Additional scholarships will not reduce the amount of a merit-based aid award; however it may change the distribution of funds within a need-based award package. WC is one of many institutions that reserves the right to replace institutional funds in a need-based award with outside funds. Additional scholarships can be combined with institutional merit scholarships—up to the annual cost of attendance.
Does Washington College offer need-based and merit-based programs?
Does Washington College offer athletic scholarships?
No. As a NCAA Division III member, Washington College is prohibited from awarding athletic scholarships.
Does Washington College engage in ‘award negotiation’?
No. Special circumstances that relate to the needs-analysis process and that can be documented should be brought to the attention of the Office of Student Financial Aid as soon as possible.
Will my request for aid have any impact on my ability to be admitted to WC?
No. All applicants are encouraged to apply for financial aid.
When will I be notified of my financial aid eligibility?
Financial aid for new students is awarded on a rolling basis beginning in December.
What are the deadlines for submitting financial aid forms?
The FAFSA deadline is March 1.
What types of financial aid are available?
- Federal Pell, TEACH, and SEOG grants
- Federal Subsidized and Unsubsidized Student Loans
- Federal PLUS (parent) Loans
- Federal Work Study
- State scholarships and grants
- WC academic tuition scholarships (merit-based)
- WC tuition grants (need-based)