Financial Aid Consumer Disclosure Information

The Higher Education Opportunity Act (HEAO) of 2008 requires disclosure of policies that can affect students in colleges and universities.  The following is disclosed to students at Wake Technical Community College in compliance with this federal law.

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Net Price Calculator

One of the requirements of the HEOA is that schools make available a Net Price Calculator in order to help students compare the price and net value of various institutions of higher education. 


Notice of Availability of Institutional and Financial Aid Information

Consumer disclosure information relating to financial aid includes: cost of attendance, description of need and non-need financial aid types, application procedures and processes, student eligibility requirements, students rights and responsibilities, criteria for selection of recipients and awarding funds, disbursement information, refund and repayment policies, satisfactory academic progress policy for financial aid, appeal procedures, financial aid availability for students abroad, and VA/Military benefits. All of this information can be accessed on the Wake Tech Financial Aid Office website, or by contacting the Financial Aid Office.


NSLDS Disclosure

Please note that any loan borrowed by the student or parent will be submitted to the National Student Loan Database System (NSLDS), and will be accessible by guaranty agencies, lenders, and schools determined to be authorized users of the data system. 


Federal Student Financial Aid Penalties for Drug Law Violations

In general, if you are convicted of a drug-related felony or misdemeanor that took place while you were receiving Federal student aid, you will become ineligible to receive further aid for a specified period of time upon conviction. Click here for more information. 


State Grant Assistance

State need-based student aid programs also use results from the FAFSA to determine eligibility for state funds. State aid deadlines are published on the FAFSA. For more information on state aid visit http://www.ncseaa.edu/PayingCollege.htm All state grants require students to complete the Free Application for Federal Student Aid. Students should check with their home  state’s department of education for additional application requirements.


Preferred Lender Lists and Arrangements

Wake Technical Community College does not recommend, promote or endorse lenders for private education loans. However, we will certify a private loan upon request.

Private student loans are nonfederal loans, made by a lender such as a bank, credit union, state agency, or a school.  


Student Loan Information Published by U.S. Department of Education