West Coast University offers students several options for payment of tuition. All students are encouraged to apply for financial assistance if unable to meet educational costs on their own. WCU participates in several types of Title IV programs, many of which are based on financial need. Title IV programs that the University participates in include: Federal Pell Grants, Federal Supplemental Educational Opportunity Grants (FSEOG), Federal Iraq and Afghanistan Service Grants, Federal Work Study, and the William D. Ford Federal Direct Loan programs (subsidized, unsubsidized and PLUS).
Students are encouraged to visit the Financial Aid office on campus at any point during their student lifecycle. Prospective students may seek loan counseling from a trained and qualified Financial Aid Advisor prior to applying to the institution for information such as:
- Explanations of available Financial Aid
- Description on the differences between Private and Federal loans (terms, conditions, repayment, and foregiveness options)
- Disclosure of the institutions Cohort Default Rate (CDR), and the percentage of its students who borrow loans, and how the CDR compares to the national average
- Explanation that students have the ability to refuse all, or borrow less than the maximum student loan amount allowed.
Government guaranteed loans are an important part of financing educational expenses. West Coast University provides students with information and counseling to assist in managing their loans effectively.
Students seeking financial assistance must first complete the Free Application for Federal Student Aid (FAFSA) at www.fafsa.gov, available on October 1st of each calendar year. The campus Financial Aid Officer uses this information to determine students' eligibility for federal aid programs and assists them in deciding what resources are best suited to their circumstances. Students must meet all eligibility requirements to qualify for Federal Student Aid. Renewal of financial aid is not automatic. Recipients are required to reapply each year by the announced deadline. The Financial Aid Office will provide the student with an estimated award letter based on the information provided on the FAFSA. Additional documentation to support the student’s request for financial assistance may be requested if the FAFSA is selected for verification, information discrepancies are identified, or new information is received. Awards are finalized after receipt and review of all requested documentation. Final award letters are posted to the WCU secure student portal each academic year at
Federal and state grants and loans will be disbursed to student accounts to cover direct educational costs. Disbursements in excess of direct costs will be refunded to the student (or parent, in the case of a parent PLUS loan), or in some cases refunded back to the respective loan sources. Students may elect to have excess funds retained on their account until the end of the academic year or loan period, at their discretion.
Students who obtain a loan to pay for their educational program will have the responsibility to repay the full amount of the loan, plus interest, less the amount of any refund. If a student withdraws, a refund calculation will be completed and a refund of non-federal aid funds may be provided.
If the FAFSA is selected for verification, by either the federal processor or the school, the WCU Financial Aid Department may request additional documentation to support the student’s request for financial assistance, including, for example, official IRS Tax Return Transcripts, signed verification worksheets, proof of identity, etc. The student must submit all requested information in order to receive the estimated financial aid awards. Students are expected to submit all verification materials within 14 days of the request. Exceptions may be made on a case-by-case basis, but failure to submit verification materials within 45 days of the request may result in the loss of institutional scholarships, campus-based aid and federal loans for that term. Pell grant eligibility will be forfeited if requested verification documents are not received by September 30th of the trailing year of the aid year, or within 120 days of the last day of enrollment, whichever comes first.