Financial Aid

INTRODUCTION

Financial aid is money provided to help you meet the costs of attending college. Aid may consist of grants, scholarships, loans or employment. Financial aid helps families bridge the gap between educational costs and the amount a family is expected to contribute, as determined by the Free Application for Federal Student Aid (FAFSA). The Financial Aid Office will work with you to ensure that you receive the maximum amount of funding available. To be eligible for financial funding, you must be a U.S. citizen or eligible non-citizen, enrolled in an eligible degree program, and submit a FAFSA. GRANTS - A grant is considered “gift” aid. It is need based and does not have to be repaid. To be considered for a grant, you must be an undergraduate student working toward your first bachelor’s degree. SCHOLARSHIPS - The Stout University Foundation awards approximately one million dollars in scholarships for undergraduate and graduate students at UW-Stout each year. Scholarships vary in amount and awarding criteria. Scholarships may be based on academic performance, financial need, program of study, year in school, or many other factors. The Stout Foundation application is due the first Monday in February and can be found at www.uwstout.edu/foundation-scholarships . LOANS - Several loan programs are available to students. Some loan programs are based on need, and are federally funded. Others are available regardless of need. TYPES OF FINANCIAL AID STUDENT EMPLOYMENT - We offer two kinds of student employment at UW-Stout: • Federal Work-Study: Students who demonstrate financial need and request work-study on their FAFSA application are eligible for this federally-funded program. • State Payroll: This is a university funded, non-federal program. Most students are eligible for this type of employment, regardless of need.