Award Letter Information 2013-2014
The following section provides students with valuable information on how awards are calculated and disbursed. It is best to read this section after you have filed the FAFSA for 2013-2014, and have received your award letter. You can review your award letter online under Student eServices.
How Your Aid Package is Determined
Once we have determined your demonstrated financial need, we attempt to meet as much of that need as possible from the need based aid programs available. (See Types of Financial Aid). First, we consider any Federal Pell Grant and/or Minnesota State Grant, Federal SEOG, institutional or other outside gift assistance you may be eligible for. We subtract your gift assistance from your calculated need. If you have remaining need, we complete the package using one or more of the following programs: Federal or State Work-Study, Federal Perkins Loan, or the Federal Direct Loan.
How Your Need is Determined
Your demonstrated financial need is determined by a financial analysis through the FAFSA (Free Application for Federal Student Aid). Your need is simply the difference between the projected student and/or parent contribution, derived from an analysis of income, assets, household size, number in college, etc., and the projected cost of attendance for the period for which you are applying for aid.
The budget we use in determining your financial need consists of tuition, fees, allowance for room and board, digital life time learning fee, books and supplies, transportation, personal expenses, and loan fees for one academic year (9 months). Please check your billing statement for actual costs.
Financial Aid Disbursement
Fall Semester 2013
Classes Begin: August 26, 2013
Spring Semester 2014
Classes Begin: Jan. 13, 2014
You should be prepared to pay for books, supplies, and personal expenses from personal funds until financial aid is disbursed each semester.
Click here for information on the WSU book loan.
Important Disbursement Information
Third party Billing/Tuition Payment Procedures
If you are receiving financial assistance from a third party agency (Department of Vocational Rehabilitation, Job Service, Private Industry Council, etc.) you need to provide the Student Accounts Office with an authorization to bill your agency for tuition, fees, books, etc., billing to your agency does not occur until approximately three weeks into the semester and actual payment may not be received until three to four weeks after your agency is billed. Any other financial aid such as loans, grants, or scholarships will be applied to your account at their scheduled time. When your agency’s payment is received your account will be adjusted if your financial aid and third party billing exceeds what you owe WSU. WSU will then direct deposit the difference into your bank account.
Questions regarding this process should be directed to 507-457-5075.
Third party funding could affect your other financial aid. Please notify the Financial Aid Office:
Fee statement, tuition refunds, late payment, etc.
Information on WSU policies related to payment is provided in each semester class schedule.
All students must have an accurate direct deposit authorization on record before any financial aid can be disbursed to your account.
Financial aid loans, scholarships and grants first pay your student account and then any overage is direct deposited to your personal bank account. You must be sure to confirm that funds are in fact in your account before attempting to use them. WSU cannot assume responsibility for your bank charges under any circumstances. If you are a new student, you will need to have your network user name and password, which is given to you when you receive your laptop.
If you are not required to have a laptop, contact the WSU Tech Support at 507-457-5240.
If you have any questions while filling out this form please call the WSU Student Accounts Office at 507-457-5075 or 800-342-5978 (ext. 5075).
Located on the 2nd floor of Maxwell Hall#
School Year - Monday - Friday 8:00 AM - 4:30 PM
Summer - Monday - Friday 7:30 AM - 4:00 PM
Main Phone Line: 507.457.5090
FAX Line: 507.457.5628
Winona State University Toll Free: 800.DIAL.WSU (342.5978)
Email (Please include your name and student ID number)