Student Financial Services recommends students continue to check their myWSU account Student Center for Financial Aid to-do items. If any documents are requested from the student, they can be easily submitted by scanning and uploading the document through the SubmitSFSDocs.wsu.edu website. Once their file has been completed, a Financial Aid award will be created and posted in their Student Center on myWSU. Notification of their award is sent to the student via e-mail.
What does a student need to do once they have received their final financial aid award?
The process can be different for each student depending on what type of financial aid award they have received. SFS assumes that students want free money so any grants or scholarships that student have been awarded are automatically marked as “accepted.”
If a student has been awarded a Direct Loan, Perkins Loan, or Parent PLUS Loan, the student and parent have a few steps they need to complete to make sure the student receives the loan money in a timely fashion.
Parents will need to complete WSU’s PLUS Loan application if they are interested in applying for the Parent PLUS Loan. For instructions on how to complete this process please click here.
Students must complete their Entrance Counseling and Master Promissory Note (MPN) with the department of education at Studentloans.gov, if they are accepting loans as part of their financial aid award. We also encourage students to sign up for direct deposit, set-up third party access (so their parents can discuss information about the student’s financial aid with the SFS office), and consider allowing your financial aid to pay for other mandatory and optional fees (e.g. health fee, student recreation center, sports pass). For further instructions visit the SFS videos page .
Types of Loans
Federal Direct Loans are borrowed by the student and can be subsidized or unsubsidized. The amount a student can borrow each year is determined by their grade level, dependency status, and total amount borrowed to date.
We recommend this blog post by the U.S. Department of Education. It gives a great overview of subsidized and unsubsidized loans and provides some great resources to learn more.
The Perkins loan is an institutional loan where the max awarded varies year by year. The Department of Education is phasing out this loan program and limited students will receive this type of loan based on their eligibility. If receiving a Perkins loan the student will receive instructions via email from Heartland ESCI on how to complete their Master Promissory Note.
The Parent PLUS Loan is a loan borrowed by one of the student’s parents in order to assist paying for school. This loan is based on the parent borrower’s credit and is a loan that the parent is responsible for paying back. We recommend reviewing this webpage from the U.S. Department of Education for more details. For more information on the PLUS Loan application process, please click here.
It’s not too late to apply for scholarships!
Apply, Apply, Apply! During the summer leading up to the fall semester is a great time for students to work on scholarship applications. The more time spent on applying for scholarships the better chances of receiving one! There are still tons of scholarship opportunities for students to take advantage of for the upcoming school year. We encourage students to visit our Outside Scholarships page.
Follow or Contact SFS- We are here to help!
If you have a question or a concern, contact SFS Mon- Fri from 8 a.m. to 5 p.m. PST by calling 509-335-9711 or emailing firstname.lastname@example.org. If students or parents are visiting the Pullman campus this summer, they can also schedule an appointment to meet with a Financial Aid advisor Mon- Fri from 10 a.m. to 3 p.m. by visiting financialaid.wsu.edu.