How to Apply for Financial Aid
We strongly urge applicants to complete their Free Application for Federal Student Aid (FAFSA) and Wooster Supplementary Aid Application by February 15, 2016. (This is a suggested filing date and NOT a deadline.) Wooster's federal FAFSA code is 003037.
For important information on avoiding financial aid scams, please review the Student Aid on the Web page.
To receive an estimate of federal aid eligibility for the 2016-2017 year:
- Obtain an FSA ID (Both student and parent will need one)
- Complete the FAFSA using Wooster's school code: 003037
To receive an estimate of institutional need-based aid eligibility, we also require one of the following:
Once your FAFSA is submitted, an Expected Family Contribution (EFC) toward college costs is calculated. This will determine your eligibility for federal and state grants, loans, and work-study. The additional aid application (Wooster supplemental aid application OR CSS Profile) will allow us to determine your institutional need-based aid eligibility.
Confirmation of Aid
To confirm the institutional need-based aid we have estimated, please submit the items below:
- Signed, complete copy of parents' 2015 federal 1040 (tax return)
- Copies of parents' 2015 W-2 form(s)
- Signed, complete copy of student's 2015 federal 1040 (tax return), OR Non-Filing Statement, if not filing a tax return
- Copies of student's 2015 W-2 form(s)
We do not need to have these items by February 15th, as we can complete an estimate of aid based on the FAFSA and aid application.
The College of Wooster is required by federal regulations to validate the accuracy of the financial information of students identified by the U.S. Department of Education for verification. Wooster may also select students for verification. Students who have been selected for verification, either by the U.S. Department of Education or by The College of Wooster will be notified by the Financial Aid Office of all required documents and due dates. The Department of Education encourages all applicants to utilize the IRS tax data retrieval tool when completing the FAFSA. This tool is available to most tax filers who have a processed tax return on file with the IRS and inputs tax return information into the FAFSA directly from the IRS. If you are selected for verification and are unable, or choose not, to use the data retrieval tool, you must request a tax return transcript from the IRS and submit it to the Financial Aid Office.
Financial aid eligibility will not be finalized until all requested verification documentation is received. Financial aid awards are subject to change based on the accuracy of information submitted on the FAFSA.
Financial Aid Disbursements
One half of the annual comprehensive fee will be billed prior to the start of each semester and one half of the student's annual financial aid (except work study) will reduce this charge. Federal aid remains pending until 10 days before the first day of class each semester.
Early Action & Regular Decision Applicants
Admitted applicants who complete the financial aid application process by mid-February will be notified of estimated aid eligibility by the end of March.
Early Decision Applicants
Early Decision 1 applicants who would like an early estimate of their eligibility for need-based aid should submit the CSS/Financial Aid PROFILE by November 1. We will send you an estimate of financial aid you are likely to receive shortly after the admission letter is mailed. Your aid award will be confirmed in the spring, after we receive all required information, including your FAFSA analysis.
Early Decision 2 applicants who would like an estimate of their federal aid eligibility should submit the FAFSA. To receive an estimate of institutional need-based aid eligibility, we also require the Wooster Supplementary Aid Application (.pdf) or CSS/Financial Aid PROFILE by January 15. We will send you an estimate of your financial aid eligibility shortly after the admission letter is mailed. Your aid award will be confirmed in the spring, after we receive all required information.
Definition of an Academic Year at Wooster
An Academic Year is defined by fall and spring terms and 30 weeks of instruction.