classes begin the week of March 5 - Western Suffolk Boces
classes begin the week of March 5 - Western Suffolk Boces
classes begin the week of March 5 - Western Suffolk Boces
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W I L S O N T E C H S P R I N G 2 0 0 7<br />
Financial Help is Here!<br />
Call 631/667-6000, x455<br />
You can take advantage <strong>of</strong> many financing options through Wilson Tech. Financial help<br />
is available for part-time and full-time students who are eligible.<br />
FEDERAL FINANCIAL AID<br />
Eligibility Requirements<br />
To receive federal financial aid, you must:<br />
• Be a US citizen or eligible non-citizen<br />
• Be enrolled as a regular student in an<br />
eligible certificate program at BOCES<br />
• Eligible BOCES programs are:<br />
Practical Nursing<br />
Aircraft Maintenance Technology<br />
Surgical Technology<br />
Diagnostic Medical Sonography<br />
Es<strong>the</strong>tics & Cosmetology<br />
• Be a high school graduate, have a recognized<br />
GED or meet “ability to benefit” guidelines<br />
<strong>of</strong> federal government<br />
• For grants, be a student who has not earned<br />
a bachelor’s degree yet<br />
• Not be in default on previous student loans<br />
or owe a refund on previous grants<br />
• Make satisfactory academic progress as<br />
defined by BOCES<br />
• Be registered for Selective Service if male<br />
and 18 years or older<br />
Determining Financial Need<br />
Generally, financial aid is awarded on <strong>the</strong> basis<br />
<strong>of</strong> financial need. When submitting a Free<br />
Application for Federal Student Aid (FAFSA),<br />
you are asking <strong>the</strong> government to look at<br />
your income, dependents and assets and<br />
calculate how much you and your family can<br />
be expected to contribute towards education.<br />
Financial need is <strong>the</strong> cost <strong>of</strong> education less <strong>the</strong><br />
amount you can contribute.<br />
Federal Pell Grants<br />
Based on federal eligibility determined by<br />
<strong>the</strong> FAFSA, this award money is used for<br />
tuition and does not have to be repaid.<br />
Federal Stafford Loans<br />
Students may qualify for subsidized or<br />
unsubsidized loans based on financial need.<br />
Federal Plus Loans<br />
Available to eligible parents <strong>of</strong> dependent<br />
students. Repayment <strong>of</strong> principal and<br />
interest <strong>begin</strong>s immediately.<br />
LOANS FROM FINANCIAL<br />
INSTITUTIONS<br />
Many financial institutions, banks, and<br />
credit unions <strong>of</strong>fer loans to students<br />
and/or parents for education beyond high<br />
school. These private loans are meant to<br />
help students cover education costs not<br />
met by o<strong>the</strong>r forms <strong>of</strong> financial aid. It<br />
is recommended that students take full<br />
advantage <strong>of</strong> all government loans available<br />
to <strong>the</strong>m before considering a supplemental<br />
private loan. Terms and conditions <strong>of</strong> loans<br />
vary so read details carefully.<br />
Wachovia Education Finance<br />
Wachovia Education Finance has approved<br />
eligible Tech courses for <strong>the</strong> three following<br />
loans as well as Federal Stafford Loans and<br />
Federal Plus Loans. Wachovia <strong>of</strong>fers a fast<br />
online application. Details about eligibility<br />
requirements, interest rates, borrowing<br />
maximums, repayment schedule for any<br />
<strong>of</strong> <strong>the</strong> following loans <strong>of</strong>fered through<br />
Wachovia Education Finance are available<br />
at www.wachovia.com/education. Or, call<br />
1-888-953-4987. Note: Loan details are <strong>the</strong><br />
prerogative <strong>of</strong> Wachovia Education Finance<br />
and may be modified or discontinued at any<br />
time without notice.<br />
TERI ® Continuing Education<br />
For students enrolled on a part-time basis.<br />
This loan allows flexible repayment options<br />
and generous borrowing limits.<br />
Wachovia Education Loan sm<br />
For students enrolled at least part-time. This<br />
loan allows flexible repayment options and<br />
generous borrowing limits; apply alone or<br />
with a co-borrower.<br />
Federal Consolidation Loans<br />
This loan can combine your existing<br />
education loans into a new loan with a<br />
single monthly payment, a fixed interest rate<br />
and an extended repayment period.<br />
OTHER FINANCIAL OPTIONS<br />
Awards/Grants<br />
Various awards and grants are sometimes<br />
available for those who meet specific<br />
criteria and are looking to better <strong>the</strong>mselves<br />
through education. Ask for details when<br />
you register for a Tech program.<br />
Monthly Payment Plan<br />
Tech <strong>of</strong>fers convenient monthly payment<br />
plans for licensing and full-time programs.<br />
Ask about this option when you register.<br />
52<br />
Plan your career, call 631/667-6000, ext. 327