Financial Aid

<p>I know W/M does not meet full need for out of state students, but is there a set amount of need that is met for OOSers (especially given the much higher COA for out of state students?) My family's EFC is around $20,000, which is about a $20,000 gap with the OOS cost of attendance, and I'm assuming if any FA is offered, it will be in the form of loans and work studies. Will any of our need be met, and in what form is aid generally given to OOS students? </p>

<p>Thank you :)</p>

<p>Generally we meet 80% of an out-of-state student’s need through loans, grants (if you qualilfy) and work study.</p>

<p>Thanks so much :slight_smile: Who would qualify for grants? From the website, they seemed primarily open to mainly Virginia families, which makes sense but isn’t really good news for OOS-ers who already aren’t having the full need met :/</p>

<p>grants are given based on need and grants are generally provided to students with the highest need. There are national grants such as Pell which are eligible to any student who qualifies (again, these are the highest need students). There are some grants that are for VA residents only (as a public university we have access to those grants for our Virginia residents). As Financial Aid assesses your FAFSA, they will determine whether your qualify for any of the grants we make available</p>

<p>I’m a transfer student and my EFC is 0. What would be the fin aid I would receive if accepted?</p>

<p>McBainTain, we don’t handle financial aid packaging in the Admission Office. All of that is done in a completely separate office. We never even see your FAFSA. It is likely with an EFC of zero, Financial Aid will ask you to complete verification materials (a form, sending in W-2s and tax returns, etc) and they will take a look at the information and determine what you might be eligible for. </p>

<p>Our highest need Virginia students qualify for Gateway (where all financial aid comes in the form of grants and not loans). Others qualify for a combination of loans, grants, and work study.</p>

<p>Sorry we can’t be more helpful but we simply don’t handle financial aid. The good news is you generally receive your financial aid info one week after receiving your decision and at our admitted student programs Financial Aid officers are available to answer questions.</p>

<p>I was sent an email requesting that my parents send their income tax W-2 forms. It had mentioned on the email that it was not an offer an admission and that this email is sent prior to admission decisions. Does anyone know why they would want more information or does anyone know of students who received the email in the past yet were not admitted in April? (Random aside, but since I was visiting campus today I found it somewhat ironic that the email was sent to me as I was on campus. The campus really lived up to my high expectations =)</p>

<p>bandgeek, glad you enjoyed your visit to campus yesterday. It was a perfect W&M day!</p>

<p>The email you received is pretty commonplace. About half of the students who apply for financial aid at W&M go through a process called verification. It’s something mandated by the federal government. Because collection and review of the documents requested takes time, they are requested in advance of admission decisions so that if you are admitted, Financial Aid can review these materials in March as we’re making decisions and then, if you are admitted, they can send you a timely award notification. It is very possible that students who receive this email will not be admitted (it’s also equally possible that they will be). Admission and Financial Aid are two separate processes. However, it’s in your best interests to send the requested documents ASAP so that if you are admitted, your financial aid notification will not be delayed.</p>