Federal Direct Unsubsidized Student Loans
WBS offers federal direct unsubsidized student loans. This is a loan borrowed by the student. Interest begins to accrue on the loan at the time it is disbursed. Students may make payments on the interest while enrolled or allow it to be capitalized until repayment. Repayment begins once a student drops below half-time status, withdraws, or graduates for a period of six months.
First-Time Loan Applicants
The Free Application for Federal Student Aid (FAFSA) determines the student’s eligibility and amount of federal aid he/she can receive. This is your first step in applying for aid. Complete the FAFSA.
All students who plan on taking a federal loan through WBS for the first time are required by federal regulation to complete Entrance Loan Counseling and complete a Master Promissory Note (MPN). Complete Entrance Loan Counseling and MPN
Award Letter Acceptance
Before your award(s) can be disbursed you must accept, reduce, or decline the award(s) provided. An award letter will be sent to your WBS email account. You will then need to read the “Conditions for Receiving Aid” document enclosed with your award letter. Once you have indicated your decisions on the award letter you will then need to sign and date the award letter and return it to the financial aid office.
Helpful FAFSA Tips
- Have your completed IRS Forms based on the previous year’s tax return at hand.
- The WBS Federal School Code is G25162.
- Keep your login information in a safe place.