Getting Your Aid Funds
Once the student has accepted the award and returned any required paperwork, Wayne State begins preparing financial aid funds for disbursement.
All funds in excess of any college charges are refunded to the student. Wayne State College offers direct deposit as an option for refunding. If you are not signed up for direct deposit through your WildcatsOnline account, you will receive a paper check.
Grants are automatically credited directly to a student's college account. If excess funds remain after deducting any outstanding charges, a refund check will be issued.
Federal Direct Stafford Loans
Federal Direct Stafford Loans are disbursed in two equal amounts, usually at the beginning of the semester – with one disbursement occurring per semester. In order for your Direct Stafford Loan to disburse, you must first have done the following:
- Returned all requested documents to the Student Financial Services Office.
- Accepted the Subsidized/Unsubsidized Loan offer on WildcatsOnline
- Completed the Direct Loan Master Promissory Note (MPN).
- Completed the Online Entrance Counseling.
- Enrolled in the appropriate number of units for atleast half-time status (6 for undergraduates; 5 for Master’s level).
- Be making Satisfactory Academic Progress on your degree or certificate.
Once all of the above requirements have been met, the loans will disburse and be credited towards any outstanding college-related charges. If there is any amount remaining from the loan disbursement, a refund will be issued to you via check.
You are required to notify the Student Financial Services Office of any scholarships you are receiving, including those awards issued by academic departments as well as awards you receive payment of directly. We must include this funding with your other financial aid award(s). If necessary, we may adjust other awards.
Students who receive scholarships from their high school or community groups should have their funds sent directly to
Wayne State College
Student Financial Services
1111 Main Street
Wayne, NE 68787
Wayne State will then disburse the funds directly to the student based on the donor's instructions. All outstanding charges must be settled before the funds can be released.
Federal Work Study Awards
Students in approved work-study positions are paid bi-weekly for hours worked. The student must submit a time sheet to the employer on a weekly basis.