FAQs

Learning to manage your money better doesn’t mean you will have all the answers right away. Here are a few of the common questions about finances in your college years to help you get started.

If you are still wondering how to pay for college, you are welcome to contact Financial Aid at FinancialAid@winona.edu. You can also log into CashCourse and turn to the Financial Experts Wall to see other questions submitted by students or chat with an expert.
To begin applying for financial aid, you must complete the Free Application for Federal Student Aid (FAFSA). If you do not complete the FAFSA, you won’t be eligible to receive federal grants, loans and many other types of aid. Visit the Financial Aid website to learn more about completing your FAFSA and the next steps in the financial aid process.

Technically, students have until the end of the award year to apply for financial aid. However, you should submit the FAFSA as soon as possible after Oct. 1 of the preceding year for priority consideration.

Students submitting the FAFSA after May 15 are considered late filers, and you may experience a delay in notification of your awarded aid and the disbursement of fall semester financial aid.

Please contact the Financial Aid Office directly if you are considering filing your FAFSA after the May 15 recommended deadline.

Dependent students must include their parent’s information on the FAFSA. Here are ten questions to help you figure out whether you are a dependent or independent student. Additionally, refer to this chart to determine who is considered a parent on the FAFSA.
To review your student loan balances, please refer to the National Student Loan Data System (NSLDS). Here you can login and view your federal student loan history.
Students at WSU are billed on a semester by semester basis. Typically, student bills are generated roughly one month prior to the beginning of the semester. Students can review the details of their student bill on e-services by clicking on the “Bills and Payment” tab and then “View Account Detail”.

The amount you should borrow depends on your unique financial situation. As a general rule, you should try to minimize the amount you take out in student loans because you will have to pay more in interest over the long term.

First, understand your total cost of attendance. Then look into grants, scholarships, work study, personal savings and family contributions to help pay for your education. This will give you a better idea as to whether or not you need to take out a student loan.

Learn more about ways to determine how to pay for college.

Yes, students are limited in how much they can borrow each year from the federal government. There are also limits on how much you can borrow throughout your entire college career.

Visit the Federal Student Aid website for more information on student loan limits. This chart (PDF) also outlines how the different types of student loans work.

Yes, students who live off campus are eligible to still receive financial aid. Once your tuition bill has been paid off, any remaining financial aid can be deposited into your bank account. You are able to use this aid to pay for off campus living expenses such as rent, food, books, transportation, etc.