Frequently Asked Questions

Are part time students eligible for financial aid?

Part-time students may be eligible for financial aid if they are enrolled in an eligible program. Grants are prorated based on enrollment and part-time students can still receive a portion of an offered grant. North Carolina state grants and student loans require students to be enrolled in at least six credit hours. It is suggested that students maintain at least half-time enrollment in order to maximize their opportunity for aid.

Do I have to reapply for financial aid each year?

Yes. Financial need is determined for each academic year. You will need to submit a new FAFSA or renewal FAFSA every year for the upcoming academic year.

Do I need to reapply for summer aid?

Beginning with the 2017-2018 academic year, an eligible student may receive full Federal Pell Grant for summer 2018 even if they received a full Federal Pell Grant during the fall and spring semesters. Year-round Pell allows students to receive up to 150 percent of a regular grant offer over the course of the academic year so that they can continue taking classes in the summer and finish their degrees faster than they would otherwise.

How do I apply for Financial Aid?

To be considered for any type of federal, state or need-based financial aid, you must complete a Free Application for Federal Student Aid (FAFSA). Be sure to include Wake Tech's school code (004844) on the application.

How will I receive my financial aid?

Upon being offered financial aid, you are eligible to charge your tuition, fees, and books against your financial aid. Once all charges have been deducted from your offer amount and your attendance has been verified, any excess monies will be sent to you based on the preference selected through BankMobile. If you have not received instructions from BankMobile, please contact the Cashier’s Office at [email protected] . It is critical that your correct address is on file in the Registrar's Office.

When should I apply for financial aid?

You should apply as soon as possible for the academic year you are planning to attend. You can apply starting October 1, 2019, and no later than June 30, 2021, for the academic year 2020-2021. You can apply starting October 1, 2020 and no later than June 30, 2022 for the academic year 2021-2022.  However, eligibility for some state grants require that you apply as soon as possible (prior to the fall semester you will be attending). Also, the Wake Tech Financial Aid Office requires that your FAFSA be processed and all requested documentation is turned in by July 1 in order to defer tuition and fees for fall semester pre-registration.

My SAR indicates I was selected for "verification." What does that mean?

The federal government randomly selects approximately 30% of all aid recipients for verification. This means the Financial Aid Office must verify the information you submitted on your FAFSA by collecting tax returns and other documents to confirm the accuracy of your information. The college will contact you by email to inform you of what is needed. You should submit all documents promptly to avoid delays in processing your application.

What are the enrollment requirements to be eligible to receive financial aid?

In order to receive financial aid of any kind, you must be enrolled in an eligible program. Only a limited number of diploma and certificate programs are eligible for financial aid. Special studies students are not eligible.

To be considered a full-time student and receive the maximum amount of financial aid you are entitled to receive, you must be enrolled at least 12 credit hours. You may still be eligible to receive financial aid if you are enrolled less than full-time, but your financial aid offer will be reduced accordingly and in some cases, making you ineligible to receive any financial aid. 

What if my/my parents' financial situation has changed?

If a student's or parent's financial situation has drastically changed since filing the prior, prior year's tax return, the student should contact a Financial Aid Specialist. There are provisions in which this may be taken into consideration and a change in eligibility could occur.

What makes me an independent?

The federal government will consider you an independent student if you meet one of the following guidelines: you are 24 years of age or older; married; enrolled in a graduate program (ex., Master's or doctorate); have legal dependents other than spouse that you support more than 50%; you are an orphan or ward of the court; or you are a veteran. In all other cases, you will have to provide your parents' income information.

What types of financial aid are available?

There are four main types of financial aid: grants (which do not have to be paid back), work-study, scholarships and loans. The FAFSA determines a student's eligibility.