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The Wake Tech Financial Aid program exists to ensure that no qualified student will be denied the opportunity to continue his or her education because of economic disadvantages. Through a program of scholarships, grants, work-study, and loans, students enrolled at the College are able to supplement their own resources and those of their families to complete a course of study. For detailed information on financial aid programs offered at Wake Technical Community College, and how they are distributed, refer to the publication available in the Financial Aid Office or online at http://financialaid.waketech.edu
Financial Aid Application
To apply for financial aid you must complete the Free Application for Federal Student Aid (FAFSA) online at www.fafsa.gov. The FAFSA should be completed as soon as possible after January 1 for the upcoming academic year, using your/your parents’ prior year’s federal tax information. If you prefer not to complete the application online you may call the Central Processing Center (1-800-433-3243) and request a paper application.
DEADLINE & "PRIORITY" DATES
IF YOU PLAN TO ENROLL:
|FAFSA must be completed online by:||All required paperwork must be submitted to the Financial Aid Office by:|
|Fall Semester||May 1||June 1|
|Spring Semester||October 1||November 1|
|Summer Term||April 1||April 15|
Note: If the date listed above falls on a weekend or holiday, the paperwork is due the next business day.
Once your eligibility for financial aid has been determined you will receive an e-mail notifying you that your financial aid award may be viewed on WebAdvisor. The e-mail notification will be sent to your official student e-mail address, my.waketech.edu.
If your eligibility for financial aid has not been determined or your file is not complete by the dates listed above, you will be responsible for payment of your tuition, fees, and bookstore charges.
To receive Federal Title IV assistance and state assistance:
- You must demonstrate financial need.
- You must have a high school diploma or a General Education Development (GED) certificate on file with the College. * See note below.
- You must be enrolled at least half time (6 credit hours) in an eligible program of study.
- You must be a U.S. citizen or an eligible non-citizen.
- You must have a valid Social Security number.
- You must maintain satisfactory academic progress.
- You must sign a statement on the FAFSA certifying that federal student aid will be used for educational purposes only
- You must sign a statement on the FAFSA certifying that you are not in default on a federal student loan and that you do not owe money back on a federal student grant.
- You must answer the question on the FAFSA about whether you have been convicted of possessing or selling illegal drugs.
- You must register with Selective Service, if required.
* Note: Valid High School Diploma or GED Required to Receive Financial Aid
To receive financial aid, students must have a valid high school diploma or GED. Students who have a high school diploma that is determined to be invalid are ineligible to receive financial aid; a diploma will be considered invalid if there is reason to believe that limited coursework was required to complete the diploma or a fee was charged by the agency that issued the diploma.
Students who wish to receive financial aid may establish eligibility by completing one of the following requirements based on their first period of enrollment. Enrollment is defined as actively registered and attending classes.
Enrollment prior to July 1, 2012
- Complete GED
- Pass an approved ability to benefit test and earn the minimum required score
- Enroll and pass a minimum of six curriculum credit hours
- Transfer six credit hours from a previous institution
Enrollment after July 1, 2012
- Complete GED
You will not be denied admission to Wake Tech; however, you will not be eligible to receive financial aid until one of the above items is completed. Please contact Regina Huggins, Dean, Financial Aid & Veteran Affairs, if you have questions regarding this requirement.
Most Wake Tech programs are approved for the training of veterans, Ready Reservists, North Carolina National Guard members, and the spouses and children of deceased or 100-percent disabled veterans, further referred to as "Veterans". Veterans who wish to use their G.I. Bill education benefits must first establish their eligibility with the Department of Veterans Affairs (VA) by submitting a Form 22-1990, Application for VA Education Benefits, or by applying online at www.gibill.va.gov. Veterans separated from service within the last ten years who hold an Honorable Discharge usually qualify for the education benefits, which provide, in general, 36 months of full-time training.
Veterans who have served on active duty on or after September 11, 2001, may be eligible for Post 9/11 GI Bill benefits. Benefits are payable for training on or after August 1, 2009. More information about these benefits is available at www.gibill.va.gov.
Active duty military personnel are also eligible for education benefits under the G.I. Bill. Interested persons should contact their duty station Education Officer for details before applying for admission to the college.
Veterans will not be certified for VA benefits until all entrance/admissions criteria are met. The Wake Tech Certifying Officials also require "official" transcripts, DD-214, NOBE, and/or Certificate of Eligibility. Veterans using GI Bill benefits are authorized to apply for Federal Financial Aid. Veterans attending Wake Tech under the G.I. Bill receive a monthly reimbursement from the Department of Veterans Affairs. The reimbursement is based on course load; for example, a veteran carrying a full-time load would be eligible for the full benefit. To receive the full benefit, the veteran must be enrolled at the full time rate for the particular semester. Veterans should contact a Wake Tech VA certifying official, located in the Student Services Building, room 128, for more information.
Veterans are afforded the same rights as any Wake Tech student and must meet the same academic requirements and standards. Veterans must meet the grade-point average (GPA) standards established in Wake Tech's Academic Probation and Suspension policy. A veteran failing to meet GPA standards at the end of a term will be placed on academic probation. A veteran failing to meet those standards at the end of the next term in attendance will have VA enrollment certification terminated. Enrollment certification will not be restored until GPA standards are met, and then only upon submission of a Satisfactory Academic Progress Appeal (SAP) Form. After submitting an SAP and receiving an approved appeal, veterans may have their enrollment certification restored for subsequent terms.
Any changes to a veteran's enrollment must be immediately reported to the Wake Tech VA Certifying Official. Reporting delays or omissions can adversely affect future benefits. Veterans dropped from a course by the college for violating the attendance policy will be immediately reported to the VA, and appropriate adjustments will be made in G.I. Bill payments.
- The course or courses are required by their current program of study.
- The veteran has met with the VA certifying official to discuss policies and procedures before registering for a course.
- The veteran has reviewed the Distance Education Student Self-Assessment on the Wake Tech website (or in the schedule of classes) to determine if suited for distance learning.
There is no additional charge for enrolling in non-traditional courses.
For more information about veterans’ educational benefits, visit http://veterans.waketech.edu.
Veteran Affairs Office Hours and Locations
Student Services Building (SSB), Room 128
Monday-Thursday 8:00 am – 6:00pm
Friday, 8:00 am – 5:00 pm
Northern Wake Campus
Building A, Room 322
Wednesday, 9:00 am – 1:00 pm
Aid for Students with Disabilities
Vocational Rehabilitation is a public service program operated through the Division of Vocational Rehabilitation, Department of Human Resources. Vocational Rehabilitation offers several financial resources to assist individuals with disabilities. Students may be eligible for financial assistance to complete a course of study to meet individualized needs. Prospective students should contact the nearest Division of Vocational Rehabilitation Services office.
Aid for Transfer Students
Any student who transfers to Wake Technical Community College from any other school beyond high school must provide official transcripts from all schools attended, including high school. The transcripts must be evaluated by Wake Technical Community College before there can be an offer of financial aid or certification of eligibility for Veterans education benefits.
Wake Technical Community College offers several different federal and state grant programs. Grants are gifts of financial aid and as such do not generally have to be repaid as long as a student remains enrolled each semester. Students who withdraw completely may be required to repay a portion of federal grant funds received.
Federal Grant Programs
Student must be a U.S. citizen or permanent resident enrolled in an eligible program, demonstrate financial need, and meet all other eligibility requirements. Students must complete the Free Application for Federal Student Aid (FAFSA). For 2014-2015, annual awards range from $573-$5730. The maximum PELL-eligible Estimated Family Contribution (EFC) is 5157, with a minimum award for a full-time student of $602. Award ranges are subject to change based on congressional action.
Lifetime Eligibility for Federal Pell Grants
Effective July 1, 2012, Pell grants are limited to a lifetime maximum of the equivalent of 12 full-time semesters or six years (or 600%) for community colleges, vocational schools, and public and private four-year universities. Limits will be tracked by the Department of Education for each institution the student has attended.
A full year (100%) of eligibility is counted regardless of the amount of the grant received. For example, a student who is eligible for $3000 in Pell grant funds who received $1000 in the fall term, $1500 in the spring term, and $500 in the summer term, has been awarded 100% for the year. Pell grants are only available to undergraduate students, so once a student has earned a bachelor's degree, he is no longer eligible for Pell, even if the 600% eligibility has not been met. Students are also required to meet and maintain satisfactory academic progress standards to maintain eligibility.
Federal Supplemental Educational Opportunity Grants (FSEOG)
To be considered, students must be PELL-eligible and must have an EFC of zero. Students who submit the FAFSA by March 15 and all supplemental paperwork by May 1, will receive priority consideration. Due to limited funding, the maximum award at Wake Tech is $800 per academic year. Awards may be reduced for students enrolled less than half-time.
Federal Work Study Program and Iraq and Afghanistan Service Grant
Federal Work Study Program
Federal work study provides part-time employment opportunities to students in need of financial assistance. Students generally work 10-15 hours per week. Awards are based on available funding. Student must complete the FAFSA in order to be considered for this grant and must demonstrate financial need. Student must be enrolled at least half-time in an eligible diploma or associate degree program and must maintain satisfactory academic progress to qualify for work study. Federal Work Study Earnings are paid on a monthly basis after a time record has been signed, approved, and processed by the Financial Aid Office.
Iraq and Afghanistan Service Grant (IASG)
If your parent or guardian died as a result of military service in Iraq or Afghanistan, you may be eligible for an Iraq and Afghanistan Service Grant, provided you meet the following conditions:
- You meet all requirements for the Federal Pell Grant, however your Expected Family Contribution makes you ineligible
- your parent or guardian was a member of the U.S. armed forces and died as a result of military service performed in Iraq or Afghanistan after the events of 9/11/01; and
- you were under 24 years old or enrolled in college at least part-time at the time of your parent's or guardian's death.
North Carolina Community College Grant Program (NCCCG)
State of North Carolina Grant Programs
Student must complete the FAFSA to be considered for this grant and must be a North Carolina resident enrolled for at least six (6) credit hours in an eligible curriculum program. Student must have an EFC within the range determined by the state of North Carolina each academic year. Student must meet all eligibility requirements for a Federal PELL grant. Students who have already earned a bachelor's degree or who have exceeded the lifetime PELL Grant maximum funding level are not eligible.
North Carolina Education Lottery Scholarship (NCELS)
Student must complete the FAFSA to be considered for this grant and must be a North Carolina resident enrolled for at least six (6) credit hours in an eligible program of study. Student must meet all eligibility requirements of a Federal PELL grant. Students who have already earned a bachelor's degree or who have exceeded the lifetime PELL Grant maximum funding level are not eligible.
Direct Subsidized Loan
Direct subsidized loans are need-based: To qualify for a direct subsidized loan, a student must demonstrate financial need as a result of filing the FAFSA. Eligibility is determined by the institution; funds are provided by the U.S. Treasury and repaid to agencies designated by the U.S. Department of Education. The amount that may be borrowed per year ranges from $3500 to $5500 for undergraduates, depending on grade level; it is set by the federal government. Interest on the loan is paid by the government as long as the student is enrolled at least half time. The student becomes responsible for repayment (principal and interest) six months after graduating or dropping below half-time enrollment. **
**For new loans made between July 1, 2012, and July 1, 2014, interest accruing during the six-month grace period will not be paid by the federal government. The student is responsible for that interest, even though loan repayment does not begin until after the six-month grace period.
Direct Unsubsidized Loan
Direct unsubsidized loans are not need-based: To qualify for a direct unsubsidized loan, students must still complete a FAFSA. Eligibility is based on the cost of attendance minus other expected financial aid. Students are charged interest from the date the loan funds are disbursed. Annual maximums, interest rates, and repayment provisions are the same as those for direct subsidized loans.
Direct Loan for Parents
Parents of a dependent undergraduate student may apply for a PLUS loan to help meet costs of attendance not covered by other financial aid. Completion of a FAFSA is required, and parents must submit a PLUS Request form to the Financial Aid Office certifying costs of attendance and other financial aid anticipated. PLUS loans generally offer better interest rates and repayment options than other education loans. Repayment typically starts when funds are disbursed; however, deferments are available upon request.
2014-15 Direct Loan Interest Rates and Fees
(for loans with a first disbursement date on or after December 1, 2013)
- Subsidized Interest Rate: 3.4% Fee: 1.072%*
- Unsubsidized Interest Rate: 6.8% Fee: 1.072% *
*Direct Loan Fee: The Subsidized and Unsubsidized Federal Direct Stafford Loans have a 1.072% origination fee which will be deducted from the gross amount of the loan borrowed.
Forgivable Education Loans for Service (NCFELS)
The Forgivable Education Loan for Service was established by the North Carolina General Assembly in 2011; the first loans were available for the 2012-13 academic year. The loan provides financial assistance to qualified students who are committed to working in North Carolina in fields designated as critical employment shortage professions. Visit http://www.cfnc.org/FELS for specific program details and deadlines.
Loan Program for Health, Science, and Mathematics
North Carolina Loan Programs
Legal residents of North Carolina who have been accepted as full-time students in accredited associate's degree programs are eligible for this program. Students must be enrolled in specific health, science, or mathematics-related programs of study and must be classified as North Carolina residents for tuition purposes. Students should visit http://www.cfnc.org/paying/loan/career/career_hsm.jsp for specific program eligibility criteria and application details.
Emergency Loan Program
Wake Technical Community College Loan Program Application (Emergency Loan)
The Wake Tech Loan Program provides limited, interest-free, short-term funds to students who meet the eligibility requirements below. The maximum loan amount is $500 per academic year. The academic year includes fall, spring, and summer. Students are limited to one loan per academic year.
Loan applications must be received by 5 p.m. on Tuesday.
The Accounting Office no longer dispenses emergency loan checks; all funds are disbursed on Thursday via HigherOne. Funds are disbursed according to the refund preference selected upon enrollment. Please visit www.mywaketechcard.com for additional information regarding the HigherOne refund process.
To be eligible, a student must:
- Be admitted to a curriculum program and enrolled in at least six (6) credit hours
- Submit the Free Application for Federal Student Aid (FAFSA) and be approved for financial aid for the term that the loan is requested
- Meet all other eligibility requirements for federal financial aid
- Submit documentation for loans $300 or more
- Cannot owe a prior term balance
Students are limited to one emergency loan per academic year, regardless of the fact that you may not have borrowed the maximum limit.
The Wake Tech Foundation offers a variety of merit- and financial need-based scholarships for students at Wake Technical Community College.
Scholarship applications will be available in the spring of each academic year in the financial aid office and online at https://foundation.waketech.edu/scholarshipappinstructions
Merit-based scholarships are awarded at department and division levels. Students interested in these scholarships should contact their department head or dean to discuss the nomination process.
Students are strongly encouraged to apply for scholarships to help offset the rising cost of education.
For financial aid purposes, full time enrollment is always considered twelve credit hours, regardless of whether the student is enrolled in the fall, spring, and/or summer semester. Students receiving veteran's benefits should contact their Wake Tech VA representative.
Enrollment requirements for financial aid programs are listed below:
In order to receive the maximum Pell Grant, a student must be enrolled for 12 credit hours or more each semester in an eligible program of study. Depending on eligibility a reduced Pell Grant can be received by students who are enrolled three-fourths time (9-11 credit hours), one-half time (6-8 credit hours), or less than half-time (1-5 credit hours). Only courses in your program of study can be included when determining your award for the semester. For example, if you are enrolled for twelve credit hours but you are taking a five credit hour course that is not part of your program of study, you will receive PELL Grant funds for seven credit hours only and not twelve credit hours although you are enrolled for twelve hours. Please refer to Financial Award Information for additional information regarding disbursement requirements.
- Student must be enrolled at least halftime when funds are scheduled to be released to receive funding from the North Carolina Community College Grant or the North Carolina Education Lottery Scholarship
- Student must maintain continuous enrollment with a minimum of six credit hours to receive funding from the Direct Loan Program and be enrolled at least six credit hours at the time funds are scheduled to be released.
Refunds and Repayments
After your financial aid has paid your tuition, fees, and book charges, any balance that remains in your account will be refunded to you. Wake Tech now uses HigherOne to process all refunds. A card will be mailed to the address on record and will arrive in a bright, green envelope. Once you receive the card, go to www.mywaketechcard.com to select your refund preference. You may choose any of the following:
- Open a bank account with HigherOne and have your funds deposited into this account (1-2 days)
- Have the funds directly deposited into an existing bank account (2-3 days)
- Have a paper check mailed to you (5-6 days)
Once your selection has been made, you should receive your refund within the time indicated above. Refer to the refund disbursement schedule posted on http://financialaid.waketech.edu for the date your refund will be released to HigherOne.
TITLE IV REPAYMENT
A student who receives Title IV financial aid funds and subsequently withdraws from school (officially or unofficially) before the 60 percent point of a given semester or term may be required to repay Pell Grant, SEOG, or Direct Loan Program funds. Such repayments are determined by criteria established by the U.S. Secretary of Education. Financial aid is intended for educational expenses only, within a specified enrollment period; once a student is no longer enrolled at least half time he/she cannot use the funds.
If a student uses Title IV financial aid funds to register for a class, decides not to attend the class, yet fails to drop the class thereby, canceling the students' registration, the College must refund all tuition and fees to the applicable financial aid program – and the student must then repay the College for these expenses. Any books or supplies that have been purchased with the funds must be returned to the bookstore within the published refund period. Students who do not complete these tasks will be responsible for all charges, and if they fail to pay the charges a hold will be placed on their school records.
State Grant Repayments
Effective Fall 2012, North Carolina Community College Grant and North Carolina Education Lottery Scholarship fund recipients, who completely withdraw from classes prior to the 30% point of the term, will be required to repay a percentage of funds.
IF YOU CHANGE YOUR MIND
It is imperative that you cancel your registration for any class you decide not to attend. This is especially important if you have been awarded financial aid, because your financial aid award holds your classes and prevents you from being automatically dropped for nonpayment. It is your responsibility to cancel your registration. You are responsible for payment of all tuition and fee charges if you have decided not to attend and fail to drop your classes.
If you are considering withdrawing from Wake Technical Community College, we strongly urge you to speak to a Financial Aid Specialist to determine how withdrawing may affect you.
Satisfactory Academic Progress Policy
Standards of Satisfactory Academic Progress for Financial Aid Recipients
Effective July 1, 2013
Federal regulations require schools to monitor the academic progress of each student who applies for financial aid and to certify that each student applicant is making satisfactory academic progress toward a degree, diploma, or certificate. Federal regulations require schools to establish Standards of Satisfactory Academic Progress (SAP) that include qualitative and quantitative measures of progress and a timeframe for completion of a program of study.
These standards are applied to students who receive financial aid from any of the following programs: Federal Pell Grant, Federal Supplemental Education Opportunity Grant, North Carolina Community College Grant, North Carolina Education Lottery Scholarship, North Carolina Student Incentive Grant, Federal Direct Subsidized and Unsubsidized Loans, Federal Direct PLUS loans, and institutional grants, scholarships and loans. Students’ academic performance is evaluated at the end of each semester of enrollment. Any student not meeting the minimum standards outlined below will be given financial aid warning status and notified by email from the Financial Aid Office. The student must meet the minimum requirements by the end of the financial aid warning semester; if not, financial aid will be terminated until the standards are met.
Although pre-curriculum courses do not count toward completion of a degree, federal regulations require that pre-curriculum courses be included when calculating cumulative GPA and cumulative completion rate for the purpose of determining Satisfactory Academic Progress for financial aid recipients. Federal regulations also state that students may not receive financial aid (including grants and loans) for more than 30 credit hours of pre-curriculum coursework. Students who exceed this limit will be denied financial aid, and denial cannot be appealed. Students are limited to one Direct Loan for completion of pre-curriculum coursework.
Qualitative: Cumulative Grade Point Average (GPA) Requirement
In accordance with federal regulations, a student’s cumulative GPA must be reviewed at the end of each semester of attendance, including summer.
- Students must have earned a cumulative 2.0 GPA when grades are reviewed at the end of the semester.
- Students who do not earn the required cumulative 2.0 GPA will be placed on financial aid warning for their next semester of attendance.
- While on financial aid warning, the student remains eligible for financial aid:
- If the student earns a cumulative 2.0 GPA (or higher) by the end of the financial aid warning semester, the warning will be lifted (provided the student meets all other SAP guidelines).
- If the student does not earn a cumulative 2.0 GPA by the end of the financial aid warning semester, financial aid will be terminated. The student will not qualify for financial aid effective the next semester of attendance until such time as the student again meets all SAP guidelines.
Quantitative: Completion Rate Requirement
In accordance with federal regulations, students must successfully complete at least 67% of cumulative credits attempted in order to meet the requirements for financial aid. For example, if a student has attempted 60 credit hours during enrollment, he/she must successfully complete 40 or more of those hours. Student completion rates are reviewed at the end of each semester of attendance, including summer.
- Students must earn a cumulative 67% completion rate. Grades are reviewed at the end of each semester.
- Students who do not earn a cumulative 67% completion rate will be placed on financial aid warning for their next semester of attendance.
- While on financial aid warning, the student remains eligible for financial aid:
- If the student completes sufficient credits to earn a 67% completion rate by the end of the financial aid warning semester, the warning will be lifted (provided the student meets all other SAP guidelines).
- If the student does not complete sufficient credits to earn a 67% completion rate by the end of the financial aid warning semester, financial aid will be terminated. The student will not qualify for financial aid effective the next semester of attendance until such time as the student again meets all SAP guidelines.
Maximum Time Frame
The maximum time frame within which to complete a degree (or other program of study) is 150% of the published length of the program. For example, if the published length of a program of study is 64 semester hours, a student may attempt up to 96 semester hours (64 x 150% = 96). To determine the published length of a program, please refer to the Wake Technical Community College Catalog.
A student who exceeds the maximum allowable time frame for completing a program of study may appeal. The student must provide a graduation plan signed by his/her academic advisor; if the plan is deemed reasonable, the student will receive financial aid on a probationary basis for one or more semesters until the degree is completed. Failure to comply with the plan will result in termination of financial aid.
Students may appeal the termination of their financial aid eligibility in the event of documented extenuating circumstances, such as illness or injury of the student or the death of an immediate family member. The appeal must address why the student failed to make satisfactory progress and what has changed in the student’s situation that will allow the student to demonstrate satisfactory academic progress in the future. Appeals must be submitted in writing to the Financial Aid Office and addressed to the director. The Satisfactory Academic Progress Appeals Committee will review the appeal and notify the student in writing regarding the status of the appeal. Students are generally limited to two termination appeals requests while attending Wake Tech. Please refer to the Satisfactory Academic Appeal website for information regarding submission deadlines.
Students whose appeals have been approved will be placed on financial aid probation for their next semester of attendance. The student will, in conjunction with the SAP committee, develop an individualized academic plan that must be followed in order to continue enrollment. The plan may include requirements for academic performance, meetings with an academic advisor, or Wake Tech counseling services. Students who meet these requirements will continue to be on probation for the next semester, and a new academic plan will be developed. Continued eligibility for financial aid is contingent on meeting the requirements of each semester’s academic plan. Failure to meet the requirements of the academic plan will result in termination of financial aid the next semester of attendance. A student's academic progress status does not return to satisfactory until he or she earns a cumulative 2.0 GPA and a cumulative 67% progress rate and does not exceed the maximum timeframe for program completion.
Treatment of Selected Grades
Withdrawals: Credit hours in which a student receives a grade of “W”, “WP”, "WF", "R", and “F” are included in the number of hours attempted but do not count toward successfully completed hours; consequently, students who withdraw may have difficulty meeting the satisfactory progress requirements.
Incompletes: Students will not be affected by “incompletes” at the time of the review. Upon notification that the final grade has been submitted, the actual grade, credit hours attempted, and credits earned will be used to determine if the student is maintaining satisfactory academic progress.
Transfer Credit: Students transferring from another institution will be considered making satisfactory progress at the time of enrollment. A student’s maximum timeframe for receiving financial aid will be reduced by the number of transferred credit hours applied towards his/her program of study at Wake Tech. Transfer hours applicable to the student's program of study count favorably towards the student's rate of progression.
Audits: An audit (AU) grade is not considered attempted coursework. It is not included in the determination of grade point average or completion rate. A student cannot receive financial aid for an audited course.
Credit by examination: Credit hours earned by examination are considered attempted and completed coursework and therefore will be considered in calculating a student’s completion rate. Financial aid does not pay for credit hours earned by examination.
Repeated course: Per federal regulations, financial aid can pay for one repeat of a course in which a grade of A,B,C,D.,or P was earned. All repeated courses are included as attempted credits. A student may not receive financial aid for repeating a course in which he or she previously earned a grade of "A," because a grade of "A" cannot be improved upon.
Failed course: Per federal regulations, financial aid can pay for a failed course until the course is successfully passed; however, each attempt is included in both attempted and earned credits. As a result, a student's rate of progression may be negatively affected. Students must adhere to Wake Technical Community College's policy regarding limitations on repeat courses.
Summer terms: Credit hours attempted and earned during summer term will be included in the calculation of satisfactory academic progress, just as those earned during any other enrollment period.
Successful completion: A grade of A, B, C, D, X, or P is considered successful course completion. A grade of F or R is not considered a successful completion.
KEY TERMS RELATED TO SATISFACTORY ACADEMIC PROGRESS STANDARDS
Satisfactory: Student has met the minimum SAP standards and is eligible to continue to receive federal financial aid for the next semester
Financial Aid Warning: Students who have not earned the required GPA or completion rate will be placed on financial aid warning for the following semester. Satisfactory academic progress will be monitored at the end of each semester to determine if the student meets the standards and is eligible to continue to receive financial aid. The student may receive financial aid during the warning period.
Financial Aid Termination: Students on financial aid warning status who have not successfully earned a cumulative GPA of 2.0 and cumulative completion rate of 67% at the conclusion of the warning period will have their financial aid terminated. Financial aid will also be terminated for students who have attempted the maximum allowable credit hours for their program of study.
Financial Aid Probation: Students whose appeals have been approved by the Satisfactory Academic Progress Appeals Committee are placed on financial aid probation.
Notification of Financial Aid Termination or Warning: The Financial Aid Office will send an email to any student who is placed on financial aid warning or terminated; however, failure to receive correspondence does not negate a termination or warning status.
Academic Plan: A plan developed by the institution and the student to ensure that the student is able to meet the institution's satisfactory academic progress standards by a specific point in time.
Appeal: A process by which a student who is not meeting the institution's satisfactory academic progress standards petitions the institution for reconsideration of the student's eligibility for financial aid.
Qualitative component: The specified standard, typically the grade point average (GPA) that a student must have at each evaluation period.
Quantitative component: The pace at which students must progress through their program to ensure that they will graduate within the maximum timeframe.
Transfer Credit: Credit hours from another institution which are accepted toward the student's education program at the current institution and which count as both attempted and completed hours.
Satisfactory Academic Progress Policy: An institution's policy for determining whether an otherwise eligible student is making satisfactory academic progress in his or her educational program in order to receive financial aid assistance.
Regaining Eligibility: Students who continue to attend school without federal financial aid may regain eligibility for financial aid by earning a cumulative GPA of 2.0 and a cumulative completion rate of 67%. A student may request reconsideration of eligibility for financial aid by submitting a written request to the Financial Aid Office once all requirements are met; however, satisfactory academic progress is automatically reviewed at the end of each semester for students with an ISIR on file within the past three years.
Petition of Waiver of Satisfactory Academic Progress Standards: Students who have been disqualified from receiving financial aid may request a waiver of the satisfactory progress requirements by submitting a Satisfactory Academic Progress Appeals Form, if extenuating circumstances have affected academic performance. The circumstances must be explained and documented in writing and submitted to the Satisfactory Academic Progress Appeals Committee.
Extenuating circumstances may include but are not limited to illness or injury of the student or an immediate family member, death of a family member, and full-time employment. If the student's financial aid is reinstated, the student is placed on probation and an Academic Plan established; the student is expected to meet the satisfactory academic progress standards by the end of the semester.
All appeals are reviewed by the SAP Appeals Committee, and the decision of the committee is final. Appeals are not retroactive; they are approved for the current semester only. The SAF Appeals Committee is composed of the Dean, Financial Aid & Veteran Affairs, the College Registrar or designee, an Academic Counselor, and a faculty member.
Returning students are evaluated on a continuing basis from the last enrollment, unless an extenuating circumstance is considered. Returning students who enrolled under an earlier academic progress policy will be required to meet the standards of the current policy upon their return.
Complete academic record: To measure a student’s satisfactory progress toward degree, diploma, or certificate requirements, the student’s complete academic record at Wake Tech must be evaluated, whether or not the student received aid for the entire time of enrollment. Any course grades of W or WF that were forgiven by Wake Tech must be included in a student’s cumulative record when determining satisfactory academic progress standards. When students complete coursework for more than one major, academic progress standards for each major must be met for that student to receive student aid.
NOTE: Warning status or termination status due to failure to make satisfactory academic progress can be changed only by successfully completing classes – a student may not improve his or her status by simply "sitting out" a semester. Once the student meets both SAP requirements – a cumulative GPA of 2.0 and a cumulative completion rate of 67% – the student's status will change and he or she will be considered in good standing for financial aid.
The Financial Aid Director (or designee) is the person authorized by Wake Technical Community College to provide financial aid information to students. Office hours: 8 a.m.-6 p.m., Monday-Thursday, and 8 a.m.-5 p.m. on Friday.
Financial Aid: We are Here to Help!
9101 Fayetteville Rd. (401 South), Raleigh
Student Services Bldg Rom 015
Monday-Thursday 8:00 a.m. -6:00 p.m.
*Friday 8:00 am - 5:00 pm (Limited Services offered in Student Services Building, Lobby Lower Level)
Health Sciences Campus
2901 Holston Ln., Raleigh
HSB Suite 102, RM 105
Monday - Thursday 08:00 am - 4:00 pm
Western Wake Campus Millpond Village
3434 Kildaire Farm Rd., Cary
Room 255, Tuesday 10:00 a.m. - 12:00 pm
Northern Wake Campus
6600 Louisburg Rd. (401 North), Raleigh
Building A, RM 322
Monday-Thursday 8:00 am - 6:00 pm
*Friday 8:00 am - 5:00 pm (Limited Services offered in Building A, Room 322)
Public Safety Education Campus
321 Chapanoke Rd., Raleigh
Monday, 1:00 - 3:00 pm
Main Campus Phone Number
Please visit http://waketech.financialaidtv.com/, which contains several videos that explain various financial aid topics and concerns or visit the Financial Aid's main website, http://financialaid.waketech.edu.
FINANCIAL AID APPLICATION