University of Washington Bothell

Financing your education

Financial Aid

The UW administers many federal, state, and institutional financial aid programs to help students pay for their education. There are four basic types of aid: grants, scholarships, loans, and work study. Grants and scholarships do not have to be repaid. Loans must be repaid after graduation or withdrawal from school, with interest charges of 5-8.25 percent (depending on the program) accruing during the repayment period. The work study program gives students a chance to work part-time, either on or off campus. A Financial Aid Counselor is available on site at the UW Bothell campus to assist with a students' financial aid needs.

What is financial need?

For most aid programs, financial need is defined as the difference between what it costs to attend school and what the student can afford to pay. The amount a student should be able to pay is determined by a standard, federally mandated need-analysis methodology. The methodology establishes whether a student is financially dependent on his or her parents and, if so, what the family should be able to contribute. It also takes into account past earnings and benefits, a percentage of net assets, and all other resources.

There is no income cutoff or other simple method of determining whether a student will qualify for need-based financial aid. Any student who thinks he or she needs help should apply.

If a student has ususual expenses not covered by the standard cost of attendance (such as medical or dental expenses not paid by insurance), the student may request a revision from the Financial Aid office. If a student has a change in their financial situation while in school, the student should notify the Financial Aid office to request a reevaluation of their eligibility.

Applications and Deadlines

The Free Application for Federal Student Aid (FAFSA) is the basic application for financial aid. The application is available on-line at www.fafsa.ed.gov beginning in January. Paper applications can also be obtained at the Financial Aid office on the UW Bothell campus. The deadline for priority consideration is February 28 and applies to all quarters of the upcoming academic year. This date refers to the  receipt date of the FAFSA whether mailed or electronically transmitted. It does not refer to the date the student mails or transmits the FAFSA. The Financial Aid office recommends students complete the FAFSA by February 15th. Students must reapply every academic year.

Students who do not meet the priority filing date will be considered for the Federal Direct sub/unsub loan, and Federal Pell Grant for undergraduate students.Students who apply for financial aid should remember to keep copies of financial documents used in completing their FAFSA, should stay in touch with the financial aid counselor, and should notify the Financial Aid office of any change which may impact their award.

Eligibility for Financial Aid

To qualify for aid an applicant must:

1.  Be a U.S. citizen, permanent, or other eligible non-citizen;

2.  Be admitted to the University in a degree or certificate program (correspondence and most non-matriculated students are not eligible for student aid);

3.  Not be delinquent or in default on a previous student loan or owe a repayment on a federal grant;

4.  Provide financial information;

5.  Maintain satisfactory progress in a course of study.

Scholarships

Students enrolled, or planning to enroll, at the UW Bothell may be elibible to apply for scholarships. There are many sources of information for scholarships and other funding opportunities. Many of these resources are designed to help students identify which scholarships best match their qualifications. Each student must research the scholarships available and find those that best match their skills, experience, interests, and goals.

Visit our scholarship web site to find out more information about researching and applying for UW Bothell campus and other outside scholarship opportunities at:

http://www.uwb.edu/students/finance/scholarship/uwbscholarships.html.

In order to present a polished application packet, fill out application forms thoroughly and accurately. In addition, visit the Writing Center, Room UW2-124, or the Scholarship Counselor, Georgia Rigler, Room UW1-171 to receive assistance with your personal statement.

Copyright © 1994-2006. University of Washington Bothell
Updated: 2006-11-20 13:08:00