If you have been offered financial aid and all the necessary paperwork has been completed, procedures will have been initiated for obtaining your funds. If your aid package includes a Pell Grant, Supplemental Education Opportunity Grant (SEOG) or a Wisconsin Higher Education Grant (WHEG), those awards will be automatically applied to your university bill. If you are receiving other assistance such as a Stafford Loan, Perkins Loan, scholarships, etc., these amounts will typically be applied to your bill unless you did not arrange for an electronic transfer of funds. Initial disbursements for loans require completion of a master promissory note; additional disbursements will be automatic. If your bill is paid or if your financial assistance exceeds the cost of your university bill, you will be issued a refund.
You are responsible for paying the enrollment deposit that is required prior to registration. Additionally, if your financial assistance does not cover your university charges, you are responsible for obtaining your own personal resources to meet those remaining expenses. If your bill is not paid in full at the start of the semester, you will be assessed a monthly finance charge on the unpaid balance. See also Satisfactory Academic Progress (SAP).
Financial Aid is awarded assuming the student will attend full time. (Audit credits do not count toward credit load for financial aid purposes.) If your CREDIT LEVEL is reduced from full-time and you are eligible for a tuition refund, your financial aid eligibility will be recomputed and a REPAYMENT of financial aid may be required. If you withdraw from school prior to the 60% point of the semester, you will be expected to repay a portion of your aid.
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UW-Stevens Point makes available to the public, upon request, all consumer information required by the Department of Education Rules and Regulations 668.41 through 668.49. Consumer information about the University includes, but is not necessarily limited to the following: academic programs, educational costs, financial aid, academic progress requirements, student retention rates, career planning and placement. This information is available from the College Catalog, Admissions Office, Financial Aid Office, and Career Counseling Office.
To apply for financial aid, submit a Free Application for Federal Student Aid (FAFSA). Forms and instructions are available at the Financial Aid Office in the Student Services Building. Renewal reminders are sent to returning aid applicants by the Federal Government.
Student Aid Report (SAR)
As a result of filing the FAFSA, you will receive a Student Aid Report (SAR) from the Federal Student Aid Program Office. The form may be used to make corrections if any information is in error. Do not send it to the Financial Aid Office.
If you intend to apply or are eligible for Vocational Rehabilitation, contact your DVR Counselor, and inform the Financial Aid Office of any DVR award you receive.
Deadline for Applying for Financial Aid
The Financial Aid staff is unable to consider you for aid until all appropriate materials have been received. Normally applications which are completed by March 15 will be given priority consideration, but it is important that you not submit your application until you can assure its accuracy. May 15 is the deadline for full aid consideration. Applications submitted after this date will continue to be accepted and processed as long as funds are available.