Financial Aid for Advantage Students
Most Advantage students qualify for some type of federal financial aid. Nebraska Wesleyan University participates in the federal financial aid program and is equipped to assist students enrolled in the Wesleyan Advantage program.
How to Apply for Financial Aid
Students accepted to Wesleyan Advantage who wish to apply for financial aid must complete the following steps:
- Be accepted and enrolled in the Wesleyan Advantage program which includes a transcript review of all previous attended schools.
- Complete the Free Application for Federal Student Aid (FAFSA), listing Nebraska Wesleyan University, School Code 002555, as a recipient.
- Complete the Financial Aid Information Form.
Scholarships, Grants and Loans
Scholarship opportunities available through outsite resources for Wesleyan Advantage students are listed here.
Federal Pell Grant
A Federal Pell Grant, unlike a loan, does not have to be repaid. The FAFSA determines your eligibility for a Pell Grant. The grant amount you qualify to receive depends on your financial need, costs to attend school, status as a full-time or part-time student, and plans to attend school for a full academic year or less. Not all students will qualify to receive a Pell grant.
Federal Direct Loans
Direct Loans, from the William D. Ford Federal Direct Loan Program, are low-interest loans for eligible students to help cover the cost of higher education at a four-year college or university, community college, or trade, career, or technical school. Eligible students borrow directly from the U.S. Department of Education.
Federal Direct Loans include the following types of loans:
- Subsidized Loans—Subsidized Loans are for students with financial need. Your school will review the results of your FAFSA and determine the amount you can borrow. You are not charged interest while you’re enrolled at least half-time. For information about the current interest rate click here. The Department of Education charges a small fee to originate the loan.
- Unsubsidized Loans—You are not required to demonstrate financial need to receive an unsubsidized loan. Like subsidized loans, your school will determine the amount you can borrow. Interest accrues on an unsubsidized loan from the time it’s first disbursed. You may pay the interest while you are in school and during grace periods and deferment or forbearance periods, or you can allow it to accrue and be capitalized and added to the principal of your loan. For information about the current interest rate click here. The Department of Education charges a small fee to originate the loan.
More details about the amount you may qualify to borrow can be found on the Direct Loans website. The amounts differ for dependent and independent undergraduates. For additional information, please review the University College Financial Aid Brochure (PDF).
Online Financial Aid Forms
If you are asked to complete a verification form other than the one listed above, please contact financial aid at 402-465-2582 or firstname.lastname@example.org.