1. Financial Assistance for WFU School of Business

2. School of Business Types of Graduate School Assistance Scholarships Veteran’s Benefits Student Loans: Federal and Private

3. School of Business  Recipients of scholarships are chosen during the admissions process and will impact loan amounts. No extra application is required.  Eligibility for veteran’s benefits is determined by the Veteran’s Administration, who issues a Certificate of Eligibility to the student. Contact the VA at www.benefits.va.gov/gibill/ to request your COE now! www.benefits.va.gov/gibill/

4. School of Business  There are two sources of loans: the federal government, and private financial institutions General Loan Facts  All loan proceeds are prorated and placed on student account by the semester. Interest accrual does not begin until loan is disbursed to account.  Loans can cover whole or partial cost of attendance  Credit checks are required for both private loans and the Grad PLUS loan  Allow adequate processing time, especially in peak admissions periods

5. School of Business Federal Loan Facts  WFU participates in two federal loan programs: Direct Unsubsidized (5.41%) and Grad PLUS (6.41%)  Origination fees are 1.072% (Unsubsidized) and 4.288% (Grad PLUS)  Federal Direct Unsubsidized = $20,500 per year  Federal Grad PLUS = balance to meet COA

6. School of Business  Private loan information can be found at www.ElmSelect.com www.ElmSelect.com To decide which lender to use, you should compare:  Origination fees  Annual borrowing limits  Interest rates  Length of repayment period  Any repayment “perks”

7. School of Business Loan Tips  Apply early for loans: For federal loans, begin by completing the Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.govwww.fafsa.ed.gov *Complete the 2013-14 version for summer MSA classes only *Complete the 2014-15 version for all other programs classes, including fall/spring MSA  If you have a current FAFSA on file, complete the renewal FAFSA  Request a credit report at www.annualcreditreport.com to fix problems before completing the loan application. Do you need to identify an endorser now?www.annualcreditreport.com

8. School of Business Accuracy Counts!  When completing the FAFSA, use school code E00515 for WFU Schools of Business  When completing loan applications, you will need to choose 002978-03  On all forms, use your name as it appears on your social security card (to facilitate matches)

9. School of Business Total amount of aid awarded annually is based on Cost of Attendance (COA) Direct costs:Tuition/fees Indirect costs:Books, Room/Board, Transportation, Personal See COA for your program on the School of Business homepage http://business.wfu.edu/http://business.wfu.edu/

10. School of Business Additional Information  Student Financial Services (SFS) processes tuition bills, loan proceeds, and manages student accounts: visit www.wfu.edu/sfs.www.wfu.edu/sfs  Deacon Electronic Account Center (DEAC) is your personal online billing, payment and account service center (requires password and ID; accessible via WIN: Wake Information Network). Information is available 24/7 with real-time status.  Refunds for living expenses are usually available within the first week of class.  A monthly payment plan option is available: see the SFS site, as it is not related to financial aid.

11. School of Business More questions? Contact Jamie Childress at sbfinaid@wfu.edu, or by calling 336.758.4424sbfinaid@wfu.edu Other resources: www.finaid.orgwww.finaid.org www.studentaid.ed.gov www.StudentLoans.gov