Last year, students received over five million dollars in institutional scholarships, state and federal grant. More than 90 percent of Carey’s full-time students receive some type of financial assistance through loans, student employment, grants and scholarships.
William Carey University admits students of any race, color, national and ethnic origin to all the rights, privileges, programs and activities generally accorded or made available to students at WCU. WCU does not discriminate on the basis of race, color, national or ethnic origin in the administration of its educational policies, admissions policies, financial aid programs, athletic or other school-administered programs.
Scholarship, grants, work-study and loan funds at William Carey University are administered in conjunction with a nationally established philosophy of distributing financial aid. The basis of this philosophy is the belief that the student and parents bear the primarily responsibility of paying the cost of higher education, and that financial aid from the university is available only for meeting the difference between the cost of education and the amount the students and parents can be reasonably expected to contribute. A student’s expected family contribution (EFC) is determined by the U.S. Department of Education once a student has completed the Free Application for Federal Student Aid (FAFSA).
The purpose of William Carey University’s financial aid program is to provide assistance to students who would be unable to attend college without such aid. Financial aid includes scholarships, grants, work-study, and loans. These types of assistance are extended singly or in combination. The financial aid award “package” offered depends on the student’s academic record and need for assistance.
It is understandable that most students would prefer that the cost of education be covered through full scholarship or a gift program, but the packaging concept allows William Carey to assist more students, thereby making it possible for more students to attend. Each applicant is considered for all aid programs administered by the Office of Financial Aid. The university requires that a FAFSA be completed by any student who will be receiving a scholarship, loan, work-study, grant or any other form of financial aid. Any student receiving a scholarship at William Carey is also required to early-register each term in order to retain the scholarship.
Financial Aid General Regulations
Financial aid applicants must be accepted for admission to William Carey before financial aid can be awarded. Non-degree students are not eligible for federal, state or scholarship aid. Financial aid is offered to full-time students pursuing their first baccalaureate degree. If a student drops below half-time enrollment, the student automatically becomes ineligible for most financial aid.
Ordinarily, financial aid is awarded once per trimester in the regular academic year. To receive financial aid, students must maintain “Standards of Satisfactory Progress” toward their degrees and remain in good standing. Financial aid may be withdrawn from students who are penalized by the university for serious breaches of discipline. The Office of Financial Aid reserves the right to withhold further assistance if it becomes evident that a student has abused or is abusing the financial aid programs.
Students receiving financial aid from sources outside William Carey must advise the Office of Financial Aid of the source and amount of such aid. An application for financial aid must be completed annually. Financial aid is not automatically renewed. William Carey University is in compliance with Title VI of the Civil Rights Act of 1964 and Title IX of the Educational Amendments of 1972 and does not discriminate against the handicapped or on the basis of race, creed, color, gender or national origin. Non-degree students are not eligible for federal financial aid.
Any student receiving all F’s or I’s in any trimester will lose all institutional scholarship aid for the next trimester of attendance.