FAQ

  1. How do I apply for aid at William Paterson University?
  2. What is the deadline to apply for financial aid?
  3. If I miss the April 1 application date, can I still apply for financial aid?
  4. Is there an income level cutoff to qualify for financial aid?
  5. In order to receive financial aid do I have to apply every year?
  6. What is William Paterson's Federal School Code?
  7. What does it cost to attend William Paterson?
  8. If I have a credit on my bill, when can I expect to receive the money?
  9. Do I need a separate form to apply for a Stafford Loan?
  10. How can I apply for Work Study?
  11. Do I need to submit tax returns?
  12. What does it take to be considered an independent student?
  13. If my parents are separated or divorced, whose income is reported on the FAFSA?
  14. What should I do if my family's financial circumstances change after I apply for financial aid?
  15. Should I use a Scholarship Search Service?
  16. Does applying for aid affect the Admissions decision?
  17. What if I received a scholarship from William Paterson, can I also receive financial aid?
  18. What happens after my freshman year? Will my aid be the same?
  19. Will my aid change if I move off-campus?
  20. What happens if I'm a transfer student?
  21. What is a Personal Identification Number (PIN)?
  22. I can't find the verification and/or special conditions form on your website, where is it?
  23. What if you are a dependent student, but your parents are divorced or separated?
  24. How do I know if my financial aid cover my bill?
  25. What is the difference between Stafford subsidized and Stafford unsubsidized loans?
  26. How do I determine the total loans I have received throughout my years in college?
  27. How can I get a book deferment?

 

Q: How do I apply for aid at William Paterson?

A: A student interested in applying for financial aid at William Paterson University must submit annually a Free Application for Federal Student Aid (FAFSA) or the Renewal FAFSA. You may apply online at www.fafsa.ed.gov. William Paterson University's Federal School Code number is 002625.


Q: What is the deadline to apply for financial aid?

A: The William Paterson filing deadline to be considered for full financial aid funding is April 1. To be considered for a New Jersey Tuition Aid Grant, you must apply by June 1 for renewal students and October 1 for new students.


Q: If I miss the April 1 application date, can I still apply for financial aid?

A: Yes, most federal programs (Pell grants, Stafford Loans) are available as long as you meet eligibility requirements prior to the last day of the academic year. The NJ State programs have an application deadline of June 1 for returning students and October 1 for new students for receipt of the FAFSA by the federal processor.


Q: Is there an income level cutoff to qualify for financial aid?

A: No, there are many factors in addition to income which are used to determine eligibility for need-based aid. In addition to income, other factors such as family size, number of family members in college, and assets are considered when determining the students' eligibility for financial aid.


Q: In order to receive financial aid do I have to apply every year?

A: Yes. In order to receive consideration for as many programs as possible you should file the FAFSA by April 1 each year.


Q: What is William Paterson's Federal School Code?

A: 002625


Q: How much does it cost to attend William Paterson?

A: Please view the Center for Student Services website for the current tuition rates. An estimated financial aid award package upon request once you have been accepted and your FAFSA is on file with William Paterson University.


Q: If I have a credit on my bill, when can I expect to receive the money refund?

A: You can expect a refund due to a credit balance within 14 days from the date of disbursement to your account. Disbursement occurs approximately 3/4 weeks after the start of the term.


Q: Do I need a separate form to apply for a Stafford Loan?

A: Once you file the FAFSA, you will receive a Financial Aid Award Letter including all Federal, State and Institutional Grants, Scholarships and Loans for which you qualify. All first time borrowers at WPUNJ will be required to complete the Entrance Counseling and complete an Electronic Promissory Note. (Links available on our home page). If you feel you need additional loan funding you can view the Alternative Loan information on our home page.


Q: How can I apply for Work Study?

A: Students are required to attend a Work-Study Workshop. This workshop will explain all the policies and procedures of how to obtain a position. Placement is also dependent upon availability of funds and positions. See the Employment Section for complete details.


Q: Do I need to submit tax returns?

A: Only send in tax documentation if the Office of Financial aid request them. This may happen if you are selected for Federal Verification.


Q: What does it take to be considered an independent student?

A: Please check our Eligibility Requirements page to have the full answer.
A student is automatically independent if a student:

  • has reached 24 years of age
  • is a ward of the court or both parents are deceased
  • is a veteran of the U.S. Armed Forces
  • has legal dependents (other than a spouse) for which the applicant provides 1/2 of their support; this must be documented
  • is married at the time of filing
  • is a graduate or professional student.


Q: If my parents are separated or divorced, whose income is reported on the Free Application for Federal Student Aid (FAFSA)?

A: The parent you live with or who has custody of you should complete the FAFSA. If your parent has remarried, the stepparent's income is also required to be reported. However, child and household support from the non-custodial parent is required on the FAFSA.


Q: What should I do if my family's financial circumstances change after I apply for financial aid?

A: If your family's financial circumstances have changed due to unemployment, death of a parent/spouse, divorce/separation, loss of untaxed income/benefits see the forms section of the Financial Aid.Forms page for the Special Condition Request for Review information.


Q: Should I use a Scholarship Search Service?

A: Most companies are not recommended by the Office of Financial Aid. Many have been found to be fraudulent at worst and misleading at best. Don't be fooled by the money-back guarantee; if you are asked to pay for a service, don't! It is virtually impossible to get your money back. The services provided by these companies can be done on your own by researching scholarship publications at the library or using the free FastWEB scholarship search on the internet. You may also find extensive scholarship information on the internet at a web site titled "The Financial Aid Information Page"


Q: Does applying for aid affect the Admissions decision?

A: No, it does not. You apply for Financial Aid generally the same time as you complete your Admissions applications. The WPUNJ priority deadline date is April 1.


Q: What if I received a scholarship from William Paterson; can I also receive financial aid?

A: Yes. Receipt of a scholarship does not preclude receiving financial assistance. However, all scholarships must be considered as part of your overall financial aid package.


Q: What happens after my freshman year? Will my aid remain the same?

A: The Financial Aid Office at William Paterson is committed to meet as much of our student's need as possible throughout their undergraduate years. However, an individual student's need may change from year to year. Educational costs may increase or family factors may change. For instance, changes in family size, number in college, an increase/decrease in income all can affect the parental contributions from year to year. Financial aid is given for the academic year. Based on the FAFSA information the aid may alter year to year.


Q: Will my aid change if I move off-campus?

A: Possibly. Please contact our office to determine how your aid will be affected.


Q: What is a Personal Identification Number (PIN)?

A: Your PIN is an electronic access code that serves as your personal identifier. Your PIN allows you to:

  • “Sign” your FAFSA electronically and complete the student aid process completely online no paper is involved.
  • If you're a dependent student and one of your parents has a Federal Student Aid PIN, he or she can sign your FAFSA electronically online as well.
  • Correct your FAFSA online.
  • Access your Student Aid Report* (SAR).
  • “Sign” a master promissory note* for a federal student loan.
  • Access your federal student aid records online, including your student loan history information on NSLDS.*

You, and your parents if you're a dependent student, can apply for a PIN anytime at www.pin.ed.gov.

If you're in FAFSA on the Web, a separate screen will appear when you select the option to apply for a PIN. You will be given the option of instantly receiving your PIN online, having it e-mailed to you immediately, or having it sent to you via postal mail (7–10 days).


Q: I can’t find the verification and/or special conditions form on your website, where is it?

A: The verification form and special conditions forms can be downloaded from our website: http://cms.wpunj.edu/financial-aid/forms.dot


Q: How do I know if my financial aid cover my bill?

A: To determine if your financial aid covers your bill please view you bill through your WPConnect account.


Q: What is the difference between Stafford subsidized and Stafford unsubsidized loans?

A: Stafford Loans are for undergraduate, graduate and professional degree students. You must be enrolled as at least a half-time* student to be eligible for a Stafford Loan. There are two types of Stafford Loans: subsidized and unsubsidized.

Subsidized Stafford Loan

Unsubsidized Stafford Loan

  • Available to students who demonstrate financial need.
  • For a subsidized loan, the U.S. Department of Education pays the interest:
    • While you're in school at least half-time.*
    • For the first six months after you leave school (referred to as a "grace period"
    • During a period of deferment (a postponement of loan payments).
  • Does not require students to demonstrate financial need.
  • You're responsible for paying the interest that accrues on the loan from the time the loan is disbursed until it's paid in full.
  • You can pay the interest while you're in school or during a period of deferment or forbearance or, you can allow the interest to accrue (accumulate) and have the interest added to the principal* amount of your loan.

Depending on your financial need, you may receive both subsidized and unsubsidized loans for the same enrollment period, but the total amount of these loans may not exceed the annual loan limit.


Q: How do I determine the total loans I have received throughout my years in college?

A: You may retrieve your federal loan information from www.nslds.ed.gov or/and private loan information from http://www.elmresources.com/web/guest/borrowerspublic. You will receive specific balance and repayment information from your lender(s). If you do not receive repayment information you must contact your lender to prevent loan default.


Q: What if you are a dependent student, but your parents are divorced or separated?

A: You report information about the parent you lived with for the greater amount of time during the 12 months preceding the date you file your FAFSA application. If you didn't live with either parent, or if you lived with each parent an equal amount of time, then use information about the parent who provided the greater amount of financial support during the 12 months prior to the date you file your FAFSA application. If you didn't receive any parental financial support during that time, you must report information about the parent who recently provided the greater amount of parental support.


Q: How can I get a book deferment?

A: In order to be eligible for a deferment a student must:

  • Have a CREDIT balance on their Bursar account after all charges are paid in full (ie: refund pending)
  • Have a valid University ID

You can fill out a book deferment on our homepage: www.wpunj.edu/finaid. The book deferment is provided at the beginning of each fall and spring semester. At the beginning of the semester please view our website for the deadline submission dates. Book deferments are not available for winter and summer sessions.