Most students finance their education from a combination of family resources, work, federal and state grants, scholarships, and low interest student loans. To qualify for financial aid you must (1) be an admitted student; (2) be in good academic standing; and (3) be making adequate progress toward your degree.
Check out the UW-Eau Claire financial aid homepage at: www.uwec.edu/finaid/ to fill out a “Financial Aid Estimator”. Meet with a financial aidcounselor, Schofield 115, (715-836?3373) for more information or to explain any special circumstances your family has that could not be addressed on the FAFSA.
Financial Aid Terms to Know
Financial aid typically refers to federal monies such as Pell grants, Stafford and Perkins loans, and the College Work Study Program.
Free Application for Federal Student Aid completed annually to determine the amounts and kinds of aid you qualify for. Apply online at http://www.fafsa.ed.gov/
After you submit the FAFSA you will receive, via postal mail or email, your SAR (Student Aid Report). The Financial Aid Office also receives a copy of this report electronically and uses the information to determine the kinds and amount of aid you qualify for. They will then send you a Financial Aid Award Form.
Scholarships are monies available from private sources. You must apply for these separately from your FAFSA. (See the NSS "Pennies From Heaven" website for more scholarship information: http://www.uwec.edu/NSS/scholarships/index.htm.)
Grants are state and federal aid that you do not have to repay. You may or may not receive a grant as part of your financial aid package. These are based on your income and other information reported on your FAFSA.
Money you pay back at a low interest rate after graduation. Using student loans is optional.
On-campus employment for which you receive a bi-weekly paycheck to be used for any expenses.
Money paid to military veterans for education expenses. See the section on the Veteran's Services Office for more information.
Paying Your Fees
The class schedule that you receive via email after you register will have an estimated bill. If you are registering during priority registration, this bill will NOT include your financial aid. You will receive a correct bill with your financial aid near the start of the semester.
- To avoid finance charges, you must pay your entire bill approximately four weeks after the start of the semester. For exact dates, see the payment schedule link on
the Student Financials page.
- If you cannot pay your entire bill, you must pay at least 50% at the first due date to avoid a finance charge.
- The final payment is due approximately 8 weeks after the start of the semester. A 1% finance charge is assessed on any amount due after the first deadline. In addition, if you did not pay 50% by the first deadline, an administrative fee will be assessed.
- You can receive money back if you drop below full time, or as a part time student, decrease the number of credits you are taking, within the first four weeks of classes. See the refund schedule link on the Student Financials page for details.