Paying for College
Please submit External Scholarship Documents - letters, checks, and forms - to the WSSU Office of Scholarships and Financial Aid. Documents may be submitted by mail, email or fax:
Scholarships & Financial Aid
601 S. MLK, Jr. Drive
201 Thompson Center
Winston-Salem, NC 27110
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In most cases a student's financial aid award will not cover their cost of attendance. This is due to many factors including limited funds for grants, scholarships, and student employment. Another factor is that a student's SAR (Student Aid Report) does not demonstrate the need to be eligible for some types of funds. However, the typical reason for a financial aid award not covering the cost of attendance is due to the ever-increasing cost of education and the decrease in federal and state government funding.
This page will offer suggestions for alternative ways to pay for your education.
THE OFFICES OF FINANCIAL AID AND STUDENT ACCOUNTS AND CASHIERING
The offices responsible for handling financial aid funds are heavily regulated and must follow strict guidelines in processing your financial aid. There is a common misconception that the financial aid office is responsible for processing all of your financial transactions with the university. There are actually multiple offices that help process your financial aid, make payment on your account and process refunds.
YOUR FINANCIAL AID AND YOUR STUDENT BILL
Your student bill represents the amount you must pay in order to remain enrolled in classes and live
on campus (if applicable). The bill includes direct costs - your tuition and fees and your room and board, as well as the cost of student health insurance. Review your Cost of Attendance.
Student Accounts will make your Student Bill available on or before July 15, 2013. You may view your student bill and your financial aid award through Banner RAMS Online. An eBill will be sent to your WSSU email from Student Accounts. You must pay your Student Bill on or before August 14, 2013 to avoid having your class schedule removed.
The procedure for securing your class schedule is called 'validation'. You must be Validated in order for you to attend classes. Validation is either (1) paying your student bill in-full with financial aid and/or your own money or (2) making satisfactory arrangements to pay your bill, as approved by Student Accounts.
PAYING YOUR BILL
The most common method of paying your student bill is to use your financial aid award. Grants are automatically accepted for you. However, if your financial aid award includes loans, you will need to accept the loans. If you are a first-time borrower at WSSU, you must complete loan entrance counseling and sign a Master Promissory Note.
If you receive any grants or if you accept federal direct loans, you must complete a Title IV Authorization Form. These Authorization forms must be submitted to WSSU before your Financial Aid Award can be applied to your student bill.
YOUR FINANCIAL AID AWARD IS GREATER THAN YOUR STUDENT BILL
If your Financial Aid Award is greater than your Student Bill:
YOUR STUDENT BILL IS GREATER THAN YOUR FINANCIAL AID AWARD
If your Student Bill is greater than your Financial Aid Award or you did not receive Financial Aid and you have a balance remaining, you have several options to close the gap.
■ Make a one-time online payment
■ Establish a Tuition Payment Plan (RAMPay)
■ Apply for a PARENT PLUS LOAN (Dependent students only)
■ Apply for a PLUS LOAN (Graduate students only)
■ Apply for an Alternative Loan (Private Loan)