Parents Information about Financial Aid
Welcome to the Western State Colorado University’s Student Financial Services web pages. A Western education is an excellent investment in your your child's future parents of Western students are key partners in the financing of their children’s education. We look forward to helping you through the financial aid and billing process, and invite you to contact us with any questions that may arise.
For your convenience, we have provided a general financial aid calendar below to help guide you through the aid application timeline. The timeline also provides direct links to other Western web pages for additional details. This calendar reflects the typical timeline that high school seniors and their families will follow for fall 2014 enrollment at Western.
Beginning in January
Apply for Aid- File the 2014-15 Free Application for Federal Student Aid (FAFSA). When filing on-line, be sure to create a Personal Identification Number (PIN) for both the parent and the student. The PIN serves as an electronic signature and can speed up the processing of the FAFSA. This is an annual application.
Submit your FAFSA application by March 1st, 2014 to receive the best award package available.
Beginning in March
Award Letters- Award letters to new freshmen who completed the 2014-15 FAFSA will be mailed out. The award letter will provide information about the sources and amounts of financial aid the student may be eligible for, along with an estimate of 2014-15 costs.
The award letter mailing also includes important information that students should review and understand. This information includes Terms and Conditions of Financial Aid; the Satisfactory Academic Progress Policy for Financial Aid and a Worksheet to help families estimate out-of-pocket expenses. NOTE: Continuing students will not receive a paper award letter. They will receive an email notification of their award.
Federal Student Loans- Federal student loans must be accepted in order to receive them. Students can accept, modify, or decline student loans on their account. For instructions on completing this, please refer to the Self-Service Financial Aid Guide.
Students who will borrow through the Federal Stafford Loan program for the first time must complete the following:
Please note that no loan funds can be received by the student unless the student completes both the loan counseling and the Master Promissory Note.
Students should notify the Financial Aid Office of any scholarships or grants they are receiving from outside sources (from high schools, civic or religious organizations, or others).
Apply for College Opportunity Fund- This is for Colorado Residents only. The College Opportunity Fund (COF) provides a stipend to eligible Colorado resident undergraduate students. The stipend pays a portion of total in-state tuition. Students wishing to use these funds must apply for COF and authorize Western to access the funds on the student’s behalf.
For instructions on completing this, please refer to the Financial Aid Instruction Guide.
Common Scholarship Application Deadline- Students can access this application online from Western’s Financial Aid webpage or by clicking here.
Beginning in May
Verification- Any student whose FAFSA was selected for verification by the federal processor must provide additional documentation to the Financial Aid Office. This must be completed to receive federal financial aid. These students will be sent instructions on how to submit documents and complete the forms required. For further instructions on completing this, please refer to the Financial Aid Instruction Guide.
Students can go to their account to view documents that are required and links to online forms.
Beginning early June
Parent Loan- Parents can apply for a Federal Parent Loan for Undergraduate Students (PLUS) if they wish to borrow a parent loan to assist with any college expenses that are not already covered by other forms of student financial aid. If a parent is denied the PLUS Loan, the student may be entitled to borrow additional Stafford Loan funds and should contact our office for guidance.
Private Loan- Private loans may be an option if your financial aid does not cover your expenses at Western. If this is an option you wish to know more about or refer to our loan page.
First Billing Statement- Students receive their first billing statement for the Fall 2014 semester from the Cashiers Office. The bill reflects applicable charges for tuition, fees, room and board, and a meal plan. Students can view their bill online on their account.
Financial Aid Disbursement- Student grants, institutional scholarships and federal loans are disbursed into student’s accounts 10 days prior to the start of the term.
First Payment Due- The Fall 2014 semester expenses not covered by scholarships, grants and loans are due the first date of classes. Students and families are provided information about the “W-Pay” plan administered through the Cashiers Office. Students should arrive on campus with money for books, supplies and miscellaneous expenses.
August 25, 2014
Fall Semester Begins- Welcome! The Financial Aid Office encourages students to visit our office with any questions. No appointment is necessary.
Fall bill must be paid in full in order for the student to be permitted to register for the Spring 2015 semester.
Students receive their first billing statement for the Spring 2015 semester.
December 19, 2014
Fall semester ends.