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Types of AId

There are three kinds of financial aid available to you. 

  • Gift Aid - is money you do not have to pay back. Most grants and scholarships are gift aid. 
  • Work Aid - is money you have to work for to earn as a paycheck. Work study or student employment are types of work aid. 
  • Loans - a loan is money you borrow and have to pay back 

 After filling out your FAFSA information, we will notify you regarding the aid you are eligible to receive and help you set up the best way to pay for your education.  

Grants

Unlike loans, grants do not have to be repaid.

Federal Title IV (FAFSA) Grants

  • Federal Pell Grant - awarded exclusively on financial need. Awards vary from $583 to $5815 (2016/2017 full academic year.)
  • Federal Supplemental Educational Opportunity Grant (FSEOG) - need based grant awarded on a first come first served basis $200-800


Other Grants

  • TRiO  federal outreach and student services programs designed to identify and provide services for students who are first generation college students, PELL grant eligible, or students with learning/physical disabilities.  Awards vary from $299 to $598.
  • Single Parent/Displaced Homemaker/Nontraditional Careers Grant - available to students who meet the following qualifications and complete a separate application:
    • Single Parent or head of household who is being trained or retrained for the workforce
    • Low income (receiving or eligible to receive a PELL Grant)
    • Enrolled in an Applied Degree or related certificate program
  • AmeriCorps - After successfully completing your AmeriCorps term of service, you are eligible to receive a Segal AmeriCorps Education Award.

Loans

Money that needs to be paid back. 

Federal Title IV Student Loans

  • Direct Subsidized Federal Student Loan - The loan is considered subsidized when the federal government pays the interest to the lender while the student is in school and during the six month grace period, as well as during eligible periods of deferment after the loan enters repayment. Loan amounts vary based on cost of attendance minus all other aid available to the student up to the annual maximum of Freshman (0 to 29 credit hours earned) $3,500; Sophomore (30 credit hours earned) $4,500.
  • Direct Unsubsidized Federal Student Loan - differs from the Direct Subsidized Student Loan in one significant way: the student is responsible for paying accrued interest to the U.S. Department of Education throughout the life of the loan. In all other respects, the Subsidized and Unsubsidized Federal Direct Loans are alike. Loan amounts vary based on cost of attendance minus all other aid available to the student.
  • Federal Direct Parent Loan for Undergraduate Students (PLUS) -  a federal loan borrowed by the parent on behalf of a dependent student to assist with educational expenses. Parents may borrow up to the cost of attendance minus any other financial aid the student may receive. The PLUS is a non-need based loan at a fixed interest rate capped at 8.5%. Interest is charged on the loan to the borrower from the date the first disbursement is made until the loan is paid in full. Repayment generally begins within 60 days after the final loan disbursement.
  • Wyoming Investment in Nursing Loans (WYIN) - . In return for these loans the nurses agree to engage in the practice of their profession within the state of Wyoming for a period of years or repay the loan in cash. Loans are available up to a maximum of $3600 annually for a maximum of two years. To learn more about the eligibility requirements for this program you find information and an application on the Wyoming Community College Commission's website under Wyoming Investment in Nursing or contact the CWC Financial Aid Office.

 

Work Study

  • Federal Work Study - provides part-time employment opportunities to eligible students to help meet the cost of education. Placement is limited and determined by matching student qualifications with job descriptions and requirements. Most work-study positions are located on-campus enabling students to set a work schedule around schooling. Awards vary in the amount from $750 - $3000 annually. 

Veterans Aid

Central Wyoming College has been approved by both state and federal Veterans Administrations to offer training to veterans.

 Students who have been discharged from the armed forces after September 1, 1968, may be eligible to receive federal educational aid.  Applications may be made through the Veterans Administration online at www.gibill.va.gov or through the Financial Aid Office at CWC.

 Children of deceased veterans or veterans rated 100 percent disabled due to military service in World War II, Korean or Vietnam conflicts may qualify for federal educational aid under provisions of Public Law 634. Application should be made through the Veterans Administration online or through the Financial Aid Office at CWC. 


 Wyoming Veterans

The state of Wyoming offers tuition waivers to Wyoming residents who are veterans whose home of record at time of enlistment was Wyoming and who have exhausted their federal VA Educational Benefits for more information go here or contact the CWC Financial Aid Office for further information.


 Overseas Combat Veteran and Surviving Spouses/Dependent Tuition Benefit

As a result of the 2006 legislative session, Wyoming Statute 19-14-106 was expanded to allow for free tuition and fees for overseas combat veterans, surviving spouses and dependents. The Community College Commission was tasked to implement the benefit and reimburse the University of Wyoming and the seven community colleges. During the 2007 legislative session, the statue was amended to include reimbursement for Vietnam veterans.