Question:
As a student, what policies and procedures regarding financial aid should I know about?
Answer:
The Financial Aid Office at the Plainview campus is the central point of awarding and disbursing financial aid. The award process begins when a student financial aid file is complete, i.e., contains all information needed by the Financial Aid Office to make an official determination of student eligibility. For federal and state aid, the electronic version of the Student Aid Report (SAR) from the Federal Processing Center (see Federal Eligibility) and an Institutional Application available in the Financial Aid Office are required. All students are selected for “verification” and are required to submit parent and/or student and/or spouse signed IRS tax form 1040, verification documents, and other pertinent documents deemed necessary to verify information submitted on the FAFSA. Students are urged to respond promptly to requests for additional information.
Awards are based upon the availability of funds at the time a student’s financial aid file is completed. Every financial aid applicant is considered for scholarships and grants during the award process. All applications for scholarships are accepted, but awards are based on the availability of funds at the time the student’s financial aid file is completed.
Official notification in the form of Financial Aid Notification is mailed to the student. The Financial Aid Notification instructs students to access their loan record on the web at https://lbw.tgslc.org to confirm their request for a loan and to select the amount desired. First time loan borrowers are required by federal regulations to complete the loan entrance counseling. This can be done at www.mappingyourfuture.org.
*09-10 WBU Academic Catalog pg 51