Understanding Your Aid Offer
By now, you have received your financial aid offer letter. We understand that you might have questions about how to interpret your offer.
The first thing to understand is that financial aid is a combination of awarded or loaned money to students and/or their families to pay for educational expenses. It includes scholarships, grants, work-study employment, and loans. We determine your eligibility for this aid from a number of factors, not just your income.
Financial Aid Offer
Awards in this section are forms of gift aid that are considered free and must not be repaid unless incorrectly awarded.
This section is made up of discounts you may qualify for at Wichita State based on meeting certain requirements (i.e. Shocker City Partnership based on the county you live in).
This program gives students an opportunity to earn money while earning a degree at Wichita State. This is an estimate of your eligibility, not a guaranteed award amount.
This type of financial aid requires repayment but can be used to assist in paying your Cost of Attendance of studying at Wichita State.
These options are available for you to consider to assist in meeting your Cost of Attendance requirements at Wichita State. Whether your parent decides to borrow a loan on your behalf, or if you choose to set up a payment plan, you have options.
Cost of Attendance
This section is made up of both Billed Costs and Other Costs to Consider.
Billed Costs are estimated charges you will see on a billing statement from Wichita State directly (i.e., Tuition and Fees, On-Campus Housing and Meal Plan, Additional Major Fees).
Other Costs to Consider will never show up on your billing statement and reflect the overall educational expenses that you might encounter while earning your degree (i.e., Books and Supplies, Transportation and Personal Expenses, Off-Campus Room and Meals, and Loan Origination Fees).
Financial Aid "PRO" Tips
Here you learn a couple tricks of the trade to help prepare you for your first year at Wichita State. These tips have been invaluable to first-year students and will set you up for a successful and well-planned first year.
- Use your summer job to save at least $1,250 for books and supplies.
- If borrowing loans, only accept what you need. After all, they eventually have to be paid back.
- Be sure to check out scholarship opportunities at wichita.edu/additionalscholarships.
- Did you know Wichita State students earn over $1.8 million in outside scholarships annually? Apply at wichita.edu/outsidescholarships.
What To Do Next:
- Accept your awards: wichita.edu/acceptyouraid.
- Apply for scholarships: wichita.edu/scholarships.
- Check out the campus a little closer from home: wichita.edu/map.
Frequently Asked Questions
What is the difference between estimated costs and my actual costs?
Each summer, the Kansas Board of Regents approves, for each state university, the actual tuition and fees, as well as on-campus housing rates for the new academic year. Since this has not yet taken place for the 2019-2020 academic year, the costs shown are based on the current 2018-2019 academic year. The estimated cost of attendance assumes full-time enrollment for fall and spring semesters, and reflects the typical expenses for students with your same residency and major. Actual expenses will depend on your individual choices. Estimated costs can help you plan your own budget.
Am I required to take the full amount of the loans offered?
No. You do not have to take the full amount of loans offered to you. You may accept all, none or elect to only take a portion of the total offer. Borrowing a loan for your education is an investment in your future. However, it is important to only borrow what you need to cover your expenses and ensure you have the ability to repay it.
How can I prepare for college expenses?
There’s no magic formula to have all the answers. Preparation will differ from family to family. Many families have tried mycollegemoneyplan.org to help prepare themselves for the expenses of college life. It may help you also.