Wake Tech Financial Aid strives to provide quality assistance to all students, and makes every effort to ensure that no qualified student is denied the opportunity to continue his or her education because of economic disadvantages. Through a program of scholarships, grants, work-study, and loans, Wake Tech Financial Aid provides students with options for supplementing their own and their families’ resources to pursue their education goals. For more information on financial aid at Wake Tech, visit http://financialaid.waketech.edu.
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 on or after October 1 for the upcoming academic year. If you prefer not to complete the application online, you may complete the FAFSA in PDF format and mail it to the processing center, or request a paper FAFSA by calling the Central Processing Center at 1-800-433-3243. If you are hearing impaired, you may contact the TTY line at 1-800-730-8913.
DEADLINE & “PRIORITY” DATES
To allow time for processing and awarding financial aid to students before the first day of classes, priority deadlines have been established for each semester, as follows:
|If you plan to enroll:||FAFSA must be completed online by:||All paperwork due to the Financial Aid Office by:|
|Fall Semester||June 1||July 1|
|Spring Semester||October 1||November 1|
|Summer Term||April 1||May 1|
Note: If the deadline listed above falls on a weekend or holiday, paperwork is due the next business day.
Students will be notified of their awards once all required documentation has been received in the Financial Aid Office. Students who submit applications and documentation after the deadlines above must be prepared to pay for their tuition, fees, and books. Students may view their financial aid information during each stage of the process through My Financial Aid in WebAdvisor.
To receive Federal Title IV assistance and state assistance, a student must:
- Demonstrate financial need through the completion of the FAFSA.
- Have a valid high school diploma or a High School Equivalency certificate on file with the college. (See NOTE below.)
- Be enrolled in an eligible program of study at Wake Tech.
- Be a U.S. citizen or an eligible non-citizen.
- Have a valid Social Security Number.
- Maintain satisfactory academic progress.
- Certify that he or she is not in default on a federal student loan and does not owe money on any federal aid.
- Not have been convicted for the possession or sell of illegal drugs for an offense that occurred while you were receiving federal student aid.
- Register with Selective Service, if required.
NOTE: Students with a high school diploma determined to be invalid are not eligible for financial aid. A diploma will be deemed invalid if there is reason to believe that limited coursework was required to complete the diploma or that a fee was charged by the agency that issued the diploma.
Students with an invalid diploma may establish eligibility for financial aid as outlined below. “Enrollment” as used below is defined as officially registered and attending classes.
To receive financial aid funds, a student must be qualified to study at the postsecondary level. A student qualifies if he/she:
- Has a high school diploma;
- Completes a recognized equivalent of a high school diploma, such as a GED;
- Completes one of the ability-to-benefit (ATB) alternatives and is either currently enrolled in an eligible career pathway program or first enrolled in an eligible postsecondary program prior to July 1, 2012.
- Has an accredited associate’s degree;
- Has successfully completed at least 60 semester credit hours that do not result in the awarding of an associate’s degree, but that are acceptable for full credit toward a bachelor’s degree at any institution; or
- Is enrolled in a bachelor’s degree program where at least 60 semester credit hours have been successfully completed, including hours transferred into the bachelor’s degree program.
Students will not be denied admission to Wake Tech; however, they will not be eligible to receive financial aid until one of the above items is completed. More information is available in the Financial Aid Office.
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.
Any student who transfers to Wake Technical Community College must provide official transcripts from all schools attended, including high school. Wake Tech will evaluate all transcripts to determine if an offer of financial aid can be made.
Financial aid received at any other institution within the same academic year may reduce the amount of financial aid available to the student at Wake Tech. Financial aid will not be given for courses for which the student receives transfer credit.
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
- Federal Pell Grants
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 2019-2020, annual awards range from $1549-$6195, depending on enrollment status. The maximum PELL-eligible Estimated Family Contribution (EFC) is $5576, with a minimum award for a full-time student of $657. Award ranges are subject to change based on congressional action.
- Year-Round Pell
Beginning with the 2017-18 academic year, an eligible student may now receive full Federal Pell Grant for the summer term 2018 even if they received a full Federal Pell Grant during the fall and spring semesters. Year-round Pell allows students to receive up to 150 percent of a regular grant award over the course of the academic year so that they can continue taking classes in the summer and finish their degrees faster than they would otherwise.
With careful planning, Pell Grant recipients may take advantage of this new regulation to earn their degree faster. However, students should keep in mind that the summer term is shorter (8-10 weeks) than fall and spring semesters (16 weeks). Students should consult with their academic advisor to develop a manageable course load for the shorter summer term. Just because students may be eligible for full-time Pell Grant funds DOES NOT mean students are required to carry a full-time load.
Note: The provisions of the new law state that any Pell Grant received will be included in determining the student’s Pell Grant duration of eligibility and Lifetime Eligibility Used (LEU). To be eligible for additional Pell Grant funds:
- Student must be otherwise eligible to receive Pell Grant funds for the payment period
- Student must be enrolled at least half-time in the payment period(s) (6 credit hours) during the summer term
- Student must be maintaining satisfactory academic progress
- 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. Once a bachelor's degree is earned, the student is no longer eligible for Pell grant funds, even if the 600% eligibility has not been met. Students are required to meet and maintain satisfactory academic progress standards to maintain eligibility.
- Federal Supplemental Educational Opportunity Grants (FSEOG)
The Federal Supplemental Educational Opportunity Grant (FSEOG) provides grant funds to exceptionally needy students. Eligibility is determined by a student’s submission of the FAFSA and all required documentation. The maximum award at Wake Tech is $1000 per academic year; awards may be reduced. Students who submit the FAFSA by March 15 and all required documentation work by June 1 will receive priority consideration.
- Federal Work Study Program
Federal work-study provides part-time employment opportunities to students in need of financial assistance. Students generally work 10-20 hours per week. This grant is administered based on the availability of funding. Students must complete the FAFSA and turn in all required documentation in order to be considered for this grant In most instances, a student must be enrolled at least half-time in an eligible diploma or associate’s degree program and must maintain satisfactory academic progress to qualify. 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. For more information pertaining to the Federal Work Study Program, visit the Financial Aid webpage at https://www.waketech.edu/financial-aid/types-financial-aid/work-study/interest-form.
- Iraq and Afghanistan Service Grant (IASG)
You may be eligible for an Iraq and Afghanistan Service Grant if you meet the following conditions:
- 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 of age or enrolled in college at least part-time at the time of your parent’s or guardian’s death; and
- You meet all requirements for the Federal Pell Grant, however, your Expected Family Contribution makes you ineligible.
For more information pertaining to the Iraq and Afghanistan Service Grant, you may visit the Federal Student Aid website at https://studentaid.ed.gov/sa/types/grants-scholarships/iraq-afghanistan-service.
STATE OF NORTH CAROLINA GRANT PROGRAMS
- North Carolina Community College Grant Program (NCCCG)
To be eligible to receive these funds a student must 1) be a North Carolina resident; 2) be enrolled for at least six credit hours in an eligible curriculum program, and 3) demonstrate moderate financial need based on the FAFSA. To apply, the student must complete the FAFSA. The student’s EFC must be within the range determined by the state of North Carolina each academic year. Students who have already earned a bachelor's degree or have exceeded their lifetime limit of six full-time semesters of funding are not eligible. Effective fall 2016, students who register for 15 or more credit hours in a semester may be eligible for additional state funds.
- North Carolina Education Lottery Scholarship (NCELS)
North Caroling Education Lottery Scholarship funds are disbursed each fall and spring semester. Students who have already earned a bachelor's degree or have exceeded the lifetime limit of 10 full-time semesters of financial aid are not eligible to receive these funds.
To be eligible, a student must complete a FAFSA and must 1) be a North Carolina resident, 2) be enrolled for at least six credit hours in an eligible curriculum program, 3) have an EFC within the range determined each academic year by the state of North Carolina, and 4) demonstrate moderate financial need based on the FAFSA.
The U.S. Department of Education (USDOE) offers three types of loans through the William D. Ford Direct Loan Program: Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans. Student loans have to be repaid to the lender.
2019-20 Direct Loan Interest Rates and Fees
(for loans with a first disbursement date on or after July 1, 2019 and before July 1, 2020), the interest rates will be fixed for the life of the loan.
Subsidized Interest Rate (Undergraduate): 4.53% Fee: 1.062%*
Unsubsidized Interest Rate (Undergraduate): 4.53% Fee: 1.062% *
*Direct Loan Fee: The Subsidized and Unsubsidized Federal Direct Stafford Loans have a 1.062% origination fee which will be deducted from the gross amount of the loan borrowed.
Since 2013, interest rates on federal student loans have been set annually according to the 10-year Treasury note rate, plus a fixed percentage that differs by loan type (e.g., subsidized Stafford, unsubsidized Stafford, PLUS).
- Direct Subsidized Loans
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 Loans
Direct unsubsidized loans are not need-based; however, to qualify, 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 PLUS Loans
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. PLUS loans generally offer better interest rates and repayment options than other non-federal education loans. Repayment typically starts when funds are disbursed; however, deferments are available upon request.
- 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 the application process, specific program details, and deadlines.
The Wake Tech Foundation offers a variety of merit-based and financial need-based scholarships for Wake Tech students enrolled in curriculum (for-credit) programs. For information about scholarships for students in Workforce Continuing Education programs, students should contact the Workforce Continuing Education Career Pathways Program
To be considered for a scholarship on the basis of financial need, you must complete the Free Application for Federal Student Aid (FAFSA) and supply all necessary documentation to the Financial Aid office prior to the April 30th scholarship deadline.
Scholarship applications are available during spring semester in the financial aid office and online at https://www.waketech.edu/wake-tech-foundation/what/scholarships/scholarship-guidelines. Applications are accepted online via the website from March1 through April 30 for the upcoming academic year. Selections are made in June.
Applications are evaluated by a committee of Wake Tech faculty and staff. Only applicants who have received an acceptance letter from Wake Tech Admissions by the scholarship application deadline will be considered.
Students are strongly encouraged to apply for scholarships to offset tuition costs.
For financial aid purposes, full time enrollment is always considered 12 credit hours, regardless of whether the student is enrolled in the fall, spring, or summer semester. Students receiving veteran's benefits should contact their Wake Tech VA representative.
Enrollment requirements for financial aid programs are listed below:
To receive the maximum Pell Grant award, 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 award may be given to students enrolled three-fourths time (9-11 credit hours), half time (6-8 credit hours), or less than half time (1-5 credit hours). Only courses in a student’s program of study can be included when determining the award for each semester. For example, a student who is enrolled for 12 credit hours but is taking a five-credit-hour course that is not part of his or her program of study will receive PELL Grant funds for seven credit hours only. Students should refer to Financial Award Information to learn more about disbursement requirements.
- To receive funding from the North Carolina Community College Grant or the North Carolina Education Lottery Scholarship, students must be enrolled at least half time when funds are released.
- To receive funding from the Direct Loan Program, students must be enrolled for at least six credit hours when funds are released and must maintain continuous enrollment with at least six credit hours.
- Students must register for all courses, including mini-mesters, by the last day to drop for the term.
After your financial aid has disbursed to your student account tuition, fees, and book charges will be deducted, and any balance that remains in your account will be refunded to you. Wake Tech uses BankMobile to process financial aid refunds. A Refund Selection Kit will be mailed to the address on record and by email. The refund selection kit will arrive in a bright green envelope. Once you receive the kit, go to BankMobile’s website to select your refund preference. You may choose any of the following:
- Have the funds directly deposited into an existing bank account (2-3 days)
- Open a bank account with BankMobile and have your funds deposited into it (1-2 days)
Once you’ve made your selection, you will receive your refund as indicated above. You can find out the date your refund will be released to BankMobile on the refund disbursement schedule posted on https://www.waketech.edu/financial-aid/refunds
TITLE IV REPAYMENT
Title IV (TIV) (federal) financial aid funds are awarded under the assumption that a student will remain in classroom attendance for the entire period (semester) for which the funds were awarded.
When a student withdraws from all courses for any reason, he or she may no longer be eligible for the full amount of TIV funds originally awarded. The return of funds to the federal government is based on the premise that a student earns financial aid in proportion to the length of time during which he or she remains enrolled. A pro-rated schedule determines the amount of federal financial aid the student will have earned at the time of full withdrawal. For example, a student who withdraws in the second week of the semester has earned less of his or her financial aid than a student who withdraws in the fifth week. Once the 60% point in the semester is reached, a student is considered to have earned all of the financial aid originally awarded and will not be required to return any funds.
Federal regulations require a recalculation of financial aid eligibility if a student:
- Completely withdraws;
- Stops attending before the semester’s end; or
- Does not complete all modules (mini-sessions) in which the student is enrolled as of the start date of the mini-session.
Wake Tech students who receive federal financial aid but do not remain in attendance through the end of the semester could be responsible for repaying a portion of the financial aid originally received. Students who never begin classes (do not ever attend) are not eligible for federal financial aid and must repay all financial aid originally awarded.
NOTE: Wake Tech’s institutional tuition/fee refund policy is separate from federal regulations concerning the return of unearned financial aid. A tuition/fee refund from Wake Tech will have no impact on the amount a student must repay to federal financial aid programs.
State Grant Repayments
Effective fall 2012, students who receive funds from the North Carolina Community College Grant or the North Carolina Education Lottery Scholarship and completely withdraw from classes before the 30% point of the term will be required to repay a percentage of funds.
IF YOU CHANGE YOUR MIND ABOUT A CLASS
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. If you decide not to attend a class or classes but fail to cancel your registration, you will be responsible for all tuition and fee charges for those 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.
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 time frame 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, 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 suspended 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 (or higher) 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:
a. 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).
b. If the student does not earn a cumulative 2.0 GPA by the end of the financial aid warning semester, financial aid will be suspended. The student will not qualify for financial aid effective the next semester of attendance and 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:
a. 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).
b. 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 suspended. The student will not qualify for financial aid effective the next semester of attendance and 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 another 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 suspension of financial aid.
Students may appeal the suspension 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 suspension 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 and/or for meetings with an academic advisor or Wake Tech counselor. 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 suspension of financial aid the next semester of attendance. A student's academic progress status does not return to satisfactory until he/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 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 the Wake Technical Community College policy regarding limitations on repeat courses.
Summer terms: Credit hours attempted and earned during the 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 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 Probation: Students whose appeals have been approved by the Satisfactory Academic Progress Appeals Committee are placed on financial aid probation.
Financial Aid Suspension: Students on financial aid warning status who have not successfully earned a cumulative GPA of 2.0 and a cumulative completion rate of 67% at the conclusion of the warning period will have their financial aid suspended. Financial aid will also be suspended for students who have attempted the maximum allowable credit hours for their program of study.
Notification of Financial Aid Suspension or Warning: The Financial Aid Office will send an email to any student who is placed on financial aid warning or suspension; however, failure to receive correspondence does not negate a suspension 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.
Continued Probation 1 is assigned to a student who satisfies the conditions of his/her Academic Plan. The student is eligible to receive financial aid for an additional semester and is expected to complete all courses with a C or better, with no withdrawals or Fs.
Continued Probation 2 is assigned to a student who satisfies the conditions of Continued Probation 1. The student must complete all courses with a C or better, with no withdrawals or Fs.
Continued Probation 3 is assigned to a student who satisfies the conditions of Continued Probation 2.
Continued Probation 4 is assigned to a student who satisfies the conditions of Continued Probation 3.
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 grade point average (GPA), that a student must have at each evaluation period.
Quantitative component: The pace at which students must progress through their programs 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/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, the 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 SAP Appeals Committee is composed of the Dean of Financial Aid, the 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 a 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 suspension status due to failure to make satisfactory academic progress can be changed only by successfully completing classes – a student may not improve his/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/she will be considered in good standing for financial aid.
The Dean of Financial Aid (or designee) is the person authorized by Wake Technical Community College to provide financial aid information to students. Office hours are 8 a.m.–6 p.m., Monday–Thursday, and 8 a.m.–5 p.m. on Friday.
Southern Wake Campus
9101 Fayetteville Rd. (401 South), Raleigh
Student Services Bldg Rom 015
Monday-Thursday 8:00 a.m. - 6:00 p.m.
*Friday 8:00 a.m. - 5:00 p.m. (Limited Services offered in Student Services Building, Lobby Lower Level)
Perry Health Sciences Campus
2901 Holston Ln., Raleigh
HSB Suite 102, RM 105
Monday - Thursday 8:00 a.m. - 5:00 p.m.
Friday 8:00 a.m. - 4:00 p.m. (limited services)
Western Wake Campus Millpond Village
3434 Kildaire Farm Rd., Cary
Room 255, Tuesday 10:00 a.m. - 12:00 p.m.
Northern Wake Campus
6600 Louisburg Rd. (401 North), Raleigh
Building C, RM 218
Monday-Thursday 8:00 a.m. - 6:00 p.m.
*Friday 8:00 a.m. - 5:00 p.m. (Limited Services offered in Building A, Room 218)
Public Safety Education Campus
321 Chapanoke Rd., Raleigh
Monday, 1:00 p.m. - 3:00 p.m.
10908 Chapel Hill Rd., Morrisville
Monday & Wednesday 8:00 a.m. - 6:00 p.m.
Tuesday & Thursday 8:00 a.m. - 5:00 p.m.
Friday 8:00 a.m. - 4:00 p.m.
Southern Wake 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