Types of Financial Aid

FINANCIAL AID OVERVIEW

Wake Tech School Code: 004844

Federal Programs Website: www.studentaid.gov

  • Grants are monies that do not have to be paid back.
  • Work-study programs require employment in order to be paid.
  • Loans are monies that will have to be repaid. Repayment begins six months after graduation from a program or if a student drops below 6 credit hours.

Financial aid funds are limited, and funding can depend on early application. The links below provide more information about each option, including basic eligibility requirements, range of award amounts and the application necessary for processing. All options require applicants to complete a Free Application for Federal Student Aid (FAFSA).

Listed below are the various types of financial aid available to students. Also included are basic eligibility requirements, range of award amounts and the application necessary for processing.

 

NOTE: A consortium agreement is used when a student is attending two schools simultaneously. Federal regulations allow students to receive federal student aid at only one institution at a time. If a student is taking a class(es) at another school (host school), the class(es) must transfer to Wake Tech (home school) and apply to the degree program to utilize a consortium agreement. This form allows the Financial Aid Office at Wake Tech to add together the total number of hours the student is taking at both schools and base their financial aid amount on the combined total. Students will be responsible for any and all upfront charges at their host school out of pocket.