How to Apply for Financial Aid - 2023-2024

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Financial Aid

A Guide for How to Apply for Undergraduate Scholarships and Need-Based Grants

More than $60 million in grants and scholarships will be provided this year by Washington and Lee University, making it possible for many students to attend who would otherwise be unable to do so.

What You Should Know: The W&L Financial Aid Program

Our mission is to make a W&L education affordable for all admitted students. All rst-year applicants, including domestic, international and undocumented students, are eligible and encouraged to apply for our university need-based grants and merit scholarships. Washington and Lee University will meet 100 percent of your demonstrated need entirely through scholarships and grants and student employment.

■ OUR NO-LOAN COMMITMENT

We offer institutional, federal and state grants plus student employment to meet your need as calculated by our of ce. No loan will be offered to meet any part of your demonstrated need. Federal loan eligibility for the student and parent is offered as an option to cover the family’s contribution.

■ GRADUATE DEBT-FREE

Our generous grant packages meet the demonstrated need of our aid applicants and only a fraction of our families choose to take an optional loan to cover the family contribution. Over the past ve years, an average of 68 percent of our undergraduates graduated debt-free.

■ THE W&L PROMISE

Any admitted undergraduate from a family with income below $125,000 and assets typical for their income will receive at minimum a grant equal to full tuition. Many will receive additional grant to pay for other W&L expenses.

■ THE JOHNSON SCHOLARSHIP PROGRAM

W&L awards tuition, room and board scholarships each year to up to 44 of the most exceptionally quali ed students regardless of their family’s circumstances. Each Johnson scholar also receives nancial support for summer opportunities such as internships, research and independent projects.

■ OUR PARTNERSHIP WITH QUESTBRIDGE

QuestBridge is an organization that connects the nation’s brightest students from low-income backgrounds with leading institutions of higher education. For complete details, please visit our QuestBridge website at www.questbridge.org/college-partners/washington-and-lee-university

■ VETERANS AND YELLOW RIBBON

W&L is a strong supporter of veterans and the Veterans Administration educational programs, including Yellow Ribbon and tuition assistance.

JOHNSON APPLICATION DEADLINE

December 1, 2023: Johnson Scholarship

To be considered for any form of academic scholarship, students must complete the Common Application for admission and the Johnson Scholarship supplement. You do not need to apply Early Decision to be considered.

W&L NEED-BASED GRANT DEADLINES

December 1, 2023: Early Decision I *

January 15, 2024: Early Decision II

February 15, 2024: Regular Decision

SPECIAL CIRCUMSTANCES

Families are encouraged to notify the Office of Financial Aid with any concerns that are not addressed in the application materials. Typically these are situations that limit the family’s ability to pay for education such as unemployment, lack of contact with the non-custodial parent, serious illness, or bankruptcy. Please see our Forms page on the Financial Aid website for the form specific to your situation.

* The FASFA will not be available for the initial QuestBridge or EDI application, due to the release date of the 2024-2025 FASFA.

Monitor Your Status Online

Prospective students can monitor the status of their Financial Aid application and submit required documents online. Here’s how:

■ Submit your application for Admission to W&L.

■ Log in to the Applicant Portal using the username and password provided by the Of ce of Admissions. The username and password should be received within a week of your application.

■ After logging in to the Applicant Portal, students should navigate to the Financial Aid tab.

■ All nancial aid documents currently required of the student will be listed with a status of Awaiting or Received.

■ Documents can be uploaded electronically to our site.*

■ To upload, click the Document title or Upload button at the bottom of the checklist.

■ Follow the instructions to upload your document.

■ You will be prompted to navigate to the document’s location on your computer so it can be uploaded to our website.

■ Monitor the checklist frequently for updates.

For your own security, we do not accept documents as email attachments or by FAX. Additional information may be found at our website: nancialaid.wlu.edu

*W&L does not participate in the IDOC process.

W&L Academic Year 2024–2025

Financial Aid Application Checklist

THE W&L NEED-BASED GRANT APPLICATION

Evaluation and awarding of university grant requires the submission of a complete Financial Aid application by the relevant deadline. You can also find complete details on how to apply for W&L financial assistance at financialaid.wlu.edu.

A complete W&L need-based grant application requires the submission of the following documents:

❏ Step 1: Complete and submit the 2024–2025 CSS Profile at cssprofile.collegeboard.org

◗ W&L School Code: 5887

◗ If your parents are divorced, separated or unmarried, then each parent will need to submit a CSS Profile. The CollegeBoard will provide guidance on this process after you begin the CSS Profile application.

❏ Step 2: 2022 Parent Federal Tax Returns

◗ Include W2s and all relevant schedules, such as 1, 2, 3, A, C, etc.

◗ 2022 federal tax returns for businesses and corporations including all schedules, K-1s, etc., if applicable.

◗ If your parents are divorced, separated or unmarried, both parent’s tax returns, business returns (if applicable), and all relevant schedules are required.

◗ A W&L Tax Non-filer Statement (located on our Forms page) should be submitted in place of the federal return if the parent is not required to file a federal return.

◗ Submit all returns directly to the W&L Office of Financial Aid. (See section on “Submitting Documents to W&L.”)

❏ Step 3: Complete and submit the 2024–2025 Free Application for Federal Student Aid (FAFSA)

◗ W&L School Code: 003768

◗ The FAFSA is the only application required for receiving federal grants, loans and/or federal work-study.

◗ The FASFA will not be available for the initial QuestBride or EDI application due to the release date of the 2024-2025 FASFA.

Washington and Lee University does not discriminate on the basis of race, color, religion, national or ethnic origin, sex, gender identity, gender expression, sexual orientation, age, disability, veteran’s status, or genetic information in its educational programs and activities, admissions, and with regard to employment. See complete statement at go.wlu.edu/eeo.

OFFICE OF FINANCIAL AID Washington and Lee University 204 West Washington Street Lexington, VA 24450-2116 Phone:
E-mail:
Web:
OFFICE OF ADMISSIONS Washington and Lee University 204 West Washington Street Lexington, VA 24450-2116 Phone: (540) 458-8710 E-mail: admissions@wlu.edu Web: admissions.wlu.edu www.wlu.edu | financialaid@wlu.edu | (540) 458-8717 Stay connected | @wluadmissions | #WhyWLU
(540) 458-8717
financialaid@wlu.edu
financialaid.wlu.edu

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