Financing Your Education

Financial Aid

How to Apply

Students can apply for financial aid funds beginning January 1. In addition, there are federal, state, and institutional deadlines that must be met. All financial aid funds are awarded on a first-come, first-served basis. If you have questions or need additional information, forms, or help completing the financial aid forms, please contact your Financial Aid Advisor at 513.569.4580.

If you are interested in applying for financial aid at Wilmington College, you must complete the following steps:To receive financial aid students MUST register and maintain a minimum of 6 credit hours per semester. Financial aid students who change the number of credit hours they are registered for through the Drop/Add process need to consult the Financial Aid Advisor to see how their financial aid will be affected.

STEP 1

Complete an application for admission to Wilmington College. Financial aid cannot be awarded until you are admitted to the college as a degree-seeking student.

STEP 2

Complete the Free Application for Federal Student Aid (FAFSA) after January 1.  The FAFSA form determines eligibility for federal and state aid beginning with the Summer semester of the academic year for which you are applying for financial aid. The FAFSA form will ask for information contained on your most recent federal income tax return. The FAFSA may be completed electronically on the U. S. Department of Education’s website www.fafsa.ed.gov or by paper. You may obtain a paper FAFSA from your respective branch administrative office.

Please note that if you submitted the FAFSA for the prior academic year, the U. S. Department of Education will automatically send you a Renewal FAFSA Application to complete online.  Be sure to release your FAFSA application to Wilmington College by listing our School Code 003142 in Step 6.

STEP 3

Review your Student Aid Report (SAR). Four to six weeks after you submit the FAFSA you will receive a Student Aid Report. Check this form for accuracy. If it is error free, retain the SAR for your files. If you detect an error, contact your Financial Aid Counselor to see if these changes are necessary and to see if they can be updated electronically. Please read this form carefully. The U. S. Department of Education selects approximately 30% of each institution’s aid applicants for a process called verification. If you are selected, you will be informed via your SAR. In addition, Wilmington College will send you an "Information Request Letter" requesting the documents that you are required to submit to us so we can verify the data you provided on your FAFSA application.

STEP 4

Wilmington College will send a Financial Aid Award Notice to you AFTER you have been accepted for admission to the College and AFTER you have completed the verification process (if selected). The awarding process starts in March and continues throughout the academic year.

STEP 5

Review your Financial Aid Award Packet. The Financial Aid Award Packet will contain your Financial Aid Award Notice, which you will need to read, sign, and return. Your packet will also include other forms such as a Federal Stafford Loan Master Promissory Note, Entrance Loan Counseling requirements, and other valuable information about the aid that you have been awarded and the conditions that you must meet to retain your financial aid. Wilmington College requires that you complete and return your Financial Aid Award Notice (indicating your intention to accept all or part of the award) along with any other documents that were enclosed in your packet within two weeks of receiving your Financial Aid Award Packet.

Payment Plan

This payment plan is a four-month installment payment agreement between the student and Wilmington College. The sum total of tuition is divided into four equal installments due on the 15th day of the first four months of the current semester. This is an interest free payment option if payments are made by the due date; however, interest will accrue at 1.5 percent per month on the unpaid balance for late payments. If this is the preferred method of payment, students must set up a payment plan with Wilmington College prior to the start of any classes taken at Wilmington College.

Employer Deferred Payment Plan (EDPay)

Students who are eligible to receive tuition reimbursement from their employer at the end of a semester may enroll in the Employer Deferred Payment Plan. This plan allows students to defer payment of their balance due until 40 days after the last day of the semester. If the reimbursement payment is not received by the established due date or does not cover the entire balance due, the student will be charged for the amount of the tuition due plus a $75 late payment fee. In addition, an interest charge of 1.5 percent of the unpaid balance will be charged on a monthly basis until the balance is paid in full. Students who choose the EDPay option must complete an Employer Deferred Payment Plan form.

Single Payment

Students can pay semester charges in full by the due date stated on their billing statement.