Financial aid can help you achieve your educational goals. There are many programs available to assist you with funding. We are here to support you and your academic endeavors. Click on each of the links below to find out more information about each type of financial aid program.

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Federal Pell Grants are awarded to undergraduate students who have not earned a bachelor's or professional degree and possess financial need. All funds are received electronically and posted to the students' billing account to pay college authorized tuition and fees.

The Academic Competitiveness Grant is available to first-year undergraduate students who graduated from high school after January 1, 2006, and to second-year students who graduated from high school after January 1, 2005, and it is awarded in addition to the Pell Grant award. Congress established these grants to encourage and support students who completed a recognized rigorous program of study in high school.  

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The Stafford loan program is provided by the federal government. Student loan borrowing can not exceed the cost of attendance. Students may not borrow over the annual and lifetime aggregates that are set for the Stafford loan. An origination fee is collected by the Department of Education upon disbursement. The type of loan the student is offered is based upon the results of the FAFSA. Additionally, all funds are received electronically and posted to the students' billing account to pay college authorized tuition and fees.

The subsidized loan is awarded on the basis of need. No interest is charged before you begin repayment or during any authorized periods of deferment. The federal government pays the interest until the time of repayment.

The Unsubsidized loan is not awarded on the basis of need. The student is responsible for any accruing interest during in-school and deferment periods. Interest accruing during those periods may be paid or capitalized as agreed by the borrower and lender. 

Interest Rates: http://www.ed.gov/offices/OSFAP/DirectLoan/calc.html

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A loan available to the parents of dependent undergraduate students. With this loan the parent may only borrow up to the Cost of Attendence (excluding any other financial aid). An origination fee is collected by the Department of Education upon disbursement. All funds are received electronically and posted to the students' billing account to pay college authorized tuition and fees.

Interest Rate: PLUS loans have a variable interest rate based on 52 week T-bill rate + 3.10%, and is capped at 9%.

PLUS loans are the financial responsibility of the parents, not the student. If the student agrees to make payments on the PLUS loan, but fails to make the payments on time, the parents will be held responsible. 

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Wade College provides alternative loans through different private lenders to help students who need additional funds for their educational or living expenses. Some of these alternative loans are also available to students who are not eligible for Federal Aid. The interest rates and repayment terms are different for each lender.

In addition to the Federal student aid programs offered, Wade College offers institutional loans to cover expenses not paid for by financial aid. Such loans are offered to graduating students who have maintained good financial standing with the college. The maximum loan authorized is $5,000. Upon graduation, the student completes a promissory note and is granted a payment period of up to 5 years. Details of the loan program are available from the Director of Financial Aid. 

Wells Fargo Education Connection Career Loan 

Loans offered by the Education Financial Services division of Wells Fargo are available to students who need additional funding. Details of the loan program are available from the Director of Financial Aid.