New Students: March 15 (Regardless of acceptance status)
Returning Students: March 15
Applicants with extenuating circumstances who are unable to meet the Financial Aid Application Deadline must request consideration for an extension in writing by emailing the Office of Student Financial Planning.
Only written requests will be considered. Notification of the Office of Student Financial Planning decision will be sent via email within two business days.
Please complete the following steps for the application process as described below:
- Complete the Free Application for Federal Student Aid
- Complete the Need Access
- Submit Federal Income Tax Returns and W-2 Forms
Step 1: FAFSA (Free Application for Federal Student Aid)
To qualify for student loans for the 2015-2016 academic year, complete the 2015-2016 FAFSA (Free Application for Federal Student Aid) at www.fafsa.ed.gov after January 1, 2015.
Entering students should submit the FAFSA no later than March 15 to insure the results reach the Office of Student Financial Planning in adequate time.
Returning Students should submit the FAFSA no later than March 15. Returning students are required to update the FAFSA each year in order to be eligible for aid.
The FAFSA is available online. Completing the online form is faster and prevents many of the common errors associated with the traditional paper form.
The WFSM School Code is E00524.
Parental financial information is not required on the FAFSA for graduate and professional students.
After your FAFSA is processed, you will receive a summary of your information in your Student Aid Report (SAR). If you provide an email address, your SAR will be sent via email within 3-5 days. If you do not supply an email address, your SAR (Student Aid Report) will be mailed to you about 4 weeks after you submit the FAFSA.
The SAR indicates your expected family contribution, which is used to determine your eligibility for federal student loans. The SAR also lists the information you reported on the FAFSA, so that you can check your information for accuracy.
If no corrections are needed, keep the SAR for your records. If you listed the WFUSM school code in the college release section of your SAR, we will receive your information electronically.
Step 2: Need Access
To be considered for WFSM scholarships, you must also complete the Need Access (Need Analysis Form) as soon after January 31 as possible.
New students should submit the Need Access form no later than March 15 to insure the results reach the Office of Student Financial Planning in adequate time.
Returning students should submit the Need Access form no later than March 15 to insure that the results reach us in adequate time. Returning students are required to reapply each year to be considered for scholarships.
Estimating financial data is acceptable if 2014 tax documents are not available at the time you are completing the form. Parental financial information is required on the Need Access form for all students applying for need-based scholarships and grants from WFSM’s resources.
Step 3: Federal Tax Returns and W2 Forms
To be considered for WFSM scholarships, copies of student/spouse and parents’ 2014 Federal Income Tax returns & W-2 forms must be submitted to the Office of Student Financial Planning via email at FinAid@wakehealth.edu. Please type the phrase "Tax Returns" in the subject line, which will trigger an auto-receipt.
First Time Financial Aid Applicants:
If an extension is being filed, a copy of the extension form and a copy of 2013 returns are required until the current return is filed. Once filed, you must send a 2014 copy to the Office of Student Financial Planning.
Previous Financial Aid Applicants:
If an extension is being filed, a copy of the extension form is required. You must send the 2014 tax return when completed.
What to expect after applying:
It is your responsibility to insure all information is received and on time. Please feel free to contact us at any time to check on the status of your file. You may email us at FinAid@wakehealth.edu.
Receive award notification: Incoming students and returning students will receive an email in mid-April notifying you of your awards.
Review awards online and accept or reject awards offered accordingly. Note: The total amount you accept will be divided into two equal disbursements.
Submit your awards online within 14 days of reciept. The Office of Student Financial Planning will certify your eligibility for the loans you have accepted and send the certification to the Department of Education.
Read, complete and electronically sign your Master Promissory Notes (MPN's). AN MPN must be completed for the unsubsidized Stafford loan. If you also accepted the Graduate PLUS loan, you must complete a separate MPN. The MPN link is provided once you submit your financial aid. If you did not complete the MPN when you clicked submit, go to www.studentloans.gov.
Your awards are first applied towards tuition. If there is a remaining balance, an incoming student should expect to receive a "refund check" at orientation.