General Overview of Financial Aid
Financial Aid Overview
Financial aid is money--or the opportunity to earn money--to help you pay the cost of attending the college of your choice. Yes, the primary responsibility for financing an education rests with you and your parents. But today's rising costs demand that most students and their families seek additional financial resources.
Forms of Financial Aid
Financial aid comes in three basic forms
- Scholarships or grants which you do not have to repay.
- Campus employment through which you reduce your need to borrow by working on campus while you're in school.
- Loans, at special rates, which must be repaid, but generally not until you leave school or drop below half-time status (enrolled in less than 6 credits).
Wisconsin Lutheran College provides full-time degree seeking students with financial assistance intended to supplement personal and family resources. Students applying for financial aid are considered for all programs for which they are eligible. Financial aid available to students enrolled less than full time is noted below in the individual program descriptions. For financial aid purposes full-time student status is established as a minimum of 12 credit hours per semester; half-time status is a minimum of 6 credit hours per semester. The amount of financial aid awarded is generally a combination of scholarships, grants, employment, and loans. It is based on the qualified financial need as determined primarily by the Free Application for Student Aid (FAFSA).
Classification of Students
For loan eligibility purposes, a student is classified as a freshman if he or she meets the entrance requirements, as a sophomore when 30 credits have been earned, as a junior when 60 credits have been earned, and as a senior when 92 credits have been earned.
Wisconsin Lutheran College does not discriminate against qualified individuals on the basis of race, color, disability, national or ethnic origin in its recruitment, admission, educational or administrative policies, scholarship and loan programs, and athletic and other school administered programs. The college also is committed to admitting student athletes who will demonstrate a level of success consistent with that of all students on campus. Male and female student athletes will receive equal and fair treatment.
Wisconsin Lutheran College is affiliated with the Wisconsin Evangelical Lutheran Synod. The college reserves the right to make changes affecting policies, fees, curriculum or other matters on this website.