Financial Aid

Wyoming Catholic College is committed to making the unique education it offers available to qualified students regardless of their financial need. The College endeavors to meet the needs of each student through its program of financial aid, which includes a work-study program and need-based scholarships.

In order for the College to award financial aid truly representative of the needs of the student and his or her family, financial information regarding the family’s income and expenses must be submitted. Each student seeking financial aid must submit the Application for Financial Aid, obtainable from the Admissions Office or from the College website, and include copies of current federal income tax returns.

Financial Aid Application To assist in financial planning, prospective students and their families may request a preliminary evaluation of their financial circumstances and an estimate of the forthcoming financial aid even prior to the student’s acceptance into the College. Such an evaluation is subject to change and does not in any way bind WCC to accepting or rejecting a particular applicant.

Fellowships and Merit Scholarships

Benedict XVI Fellowship
Wyoming Catholic College offers the Benedict XVI Fellowship to incoming freshmen who have distinguished themselves through the overall excellence of their admissions applications. This fellowship, which defrays up to $5,000 of the cost of tuition, room & board, and fees is awarded by the members of the Admissions Committee in recognition of conspicuous strengths such as musical talent, Latin ability, or community involvement. This grant for freshman year is not based on financial need.

Merit Scholarship
Wyoming Catholic College awards a number of scholarships to students based on academic merit. To qualify, the applicant must have (1) scores of at least 1200 on the SAT, 25 on the ACT, or 79 on the CLT; and (2) a high school GPA of 3.25 or better. The Admissions Committee will determine between eighth, quarter, and half-tuition merit scholarships based upon the excellence of the application essay, and awards will be announced three times per year: afterNovember 1,February 1, andApril 1.

Founders' Scholarship
The Founders’ Scholarship is a full tuition scholarship awarded to a student who shows academic excellence, great work ethic and strong communication skills. Students interested in this scholarship compete in a weekend competition at Wyoming Catholic College. The scholarship is renewable from year to year, provided the recipient maintains a minimum cumulative GPA of 3.25 and is in good standing in fulfilling all of the rules of the College.

The Native American Mentor-Student Partnership at Wyoming Catholic College

As the result of a generous grant from the Bureau of Catholic Indian Missions, Wyoming Catholic College is pleased to offer a special scholarship program to qualified Native American students. The program enables the College to offer need-based financial grants that may (in some cases) cover all costs of attendance, including tuition, room and board, and books. But it is more than just a scholarship program. Incoming Native American students are matched with “student-mentors” from among the current student body from their first days at Wyoming Catholic. Please contact the Financial Aid Office for additional details and application guidelines.

Payment of Tuition and Costs

Before the College can extend an offer of financial aid, the student and his or her family must cover, out of the following sources, as much of the total cost of the student’s education as possible.

Source 1. Outside Scholarships
As a prerequisite to receiving financial aid from the College, each student must apply for a minimum of two outside scholarships. Scholarships are often awarded by local service clubs (such as the Knights of Columbus, Council of Catholic Women, and Rotary), corporations, private organizations, religious organizations, high schools, unions, and the military. Prospective and current students are encouraged to seek help from high school guidance counselors, browse the internet (www.scholarshiphelp.org is a good place to start), and visit the library to begin their search for available scholarships. The College encourages its students to apply for as many sources of outside aid as possible.

For all students that receive financial aid from the College, these outside scholarships will be shared pro rata between the College and the student based on his or her financial aid package received from the College. If, for example, a student/parent is paying 60% of tuition and costs, 60% of the outside scholarship will go towards reducing the student/parent payments or loans. Students are responsible for notifying the Financial Aid Office when outside aid is received, even if they have already been notified of their financial aid package from the College.

Source 2. Payments from Parents
A student’s parents must contribute their maximum possible effort towards the cost of their child’s collegiate education. Parents are encouraged to view educational expenses not only as part of their general obligation to provide for their children and prepare them adequately for their adult lives and vocations, but also as the material support of a spiritual work of mercy, and therefore as part of tithing and charitable giving.

The College utilizes a standardized financial aid calculator to reach a final determination of the family’s financial need based on analysis of the Application for Financial Aid and prior year tax returns.

Source 3. Payments from Student
To be eligible for financial aid, a student must contribute a minimum of $2,500 each year from summer employment towards tuition, room, and board. If students have available savings, they are expected to contribute from there as well.

Source 4. Student Loans
Before students may receive financial aid directly from the College, they are expected to obtain loans for part of their costs. Students are expected to borrow $3,500 for freshman year, $4,500 for sophomore year, and $5,500 for junior and senior years. This amount may not be borrowed from one’s parents (because of the conflict with Source 2 above), but may be borrowed from other members of one’s family, if this is a possibility. The College believes that this practice of borrowing wisely and then repaying a modest debt promotes responsibility and builds the virtues of prudence and temperance.

Because Wyoming Catholic College does not participate in federally-sponsored loan programs (i.e., Title IV programs such as Stafford Loans), students who do not have other loan sources should inquire at a local bank about a “personal loan for educational expenses.” In most instances, the parent(s) will be required to co-sign with the student. Typically, at the end of the year the student will have to pay at least the accumulated interest. When this interest is paid off, the principal can be folded into the new loan that is required for the following year. If a student is having difficulties securing a loan, he or she should contact the Financial Aid Office.

Source 5. Parent Loans
Before a student may receive a need-based scholarship from the College, his or her parents are expected to obtain a loan for part of the student’s costs. Parents are expected to borrow $2,000 per year, an amount that is not increased even if more than one of their children are simultaneously enrolled at the College. This amount may be borrowed from other members of one’s family, if this is a possibility. The maximum total debt incurred by the parents after four years is $8,000.

Because the College does not participate in federally-sponsored loan programs (i.e., Title IV programs such as Parent PLUS Loans), parents who do not have other loan sources should inquire at a local bank about a “personal loan for educational expenses.” Typically, at the end of the year, the parents will have to pay at least the accumulated interest. When this interest is paid off, the principal can be folded into the new loan that is required for the following year. If parents are having difficulties securing a loan, they should contact the Financial Aid Office.

Our Financial Aid Program

After the above sources have been fully utilized, students are eligible for financial aid from the College, which comes in three forms: the work-study program, and both merit and need-based scholarships. It is understood that the College will exercise its own judgment in determining the amount of assistance offered to a prospective student.

Work-Study Program
Work-study positions, which make a genuine contribution to the common good of the entire college community, are available in areas such as food service, maintenance and groundskeeping, library, and administrative and faculty offices. The maximum number of hours required of a student on work-study is ten hours per week for 31 weeks. For this work, a maximum of $2,800 per year is credited against room and board. It is the student’s responsibility to work the required hours and meet the work-study amount credited as financial aid.

Work-study wages are taxable income to the student. If a student chooses to withhold federal/state taxes from his or her wages, it may result in a shortfall in work-study compensation. A W-2 form will be provided to the student no later than February 28th each year. Please be aware that the student may incur a tax liability at the end of the calendar year.

A student who has accepted aid in the form of work-study agrees to accept the work assignment given and to abide by the work schedule assigned. The work that students are assigned does not interfere with class times.

A student’s failure to complete the weekly hours or to do the work adequately may result in disciplinary action, up to and including the loss of work-study financial aid. The student is responsible for repaying to the College any shortfall in the work-study credit amount provided.

At the discretion of the Work-Study Committee, upperclassmen who meet established criteria are permitted to work off-campus in lieu of work-study positions on campus.

GI Bill Status
Wyoming Catholic College is an approved institution for education benefits for veterans and eligible beneficiaries. The College is also a Yellow Ribbon program participant.

Need-based Scholarships
If, after the above-mentioned payment sources and the work-study program have been taken into account, the student still needs additional resources to meet fully the cost of tuition, room, and board, the College will make every effort to award an outright grant that need not ever be repaid. Grant amounts for any student will be assessed yearly, on the basis of the family’s financial situation.

The Presidential Scholarship, described above under Merit Scholarships, combines aspects of a need-based grant and a merit scholarship, and is awarded at the discretion of the Scholarship Committee.

Donor Appreciation
During the year, a student may be contacted by the Financial Aid Office and asked to write a letter of appreciation to the donor(s) who helped to make possible the financing of his or her education.

How To Request Financial Aid

Incoming Freshmen
Please read carefully, complete thoroughly, and return in a timely manner the Application for Financial Aid, along with the required attachments. Additional information may occasionally be required to clarify unusual circumstances. These items must be submitted by April 15th or 30 days after acceptance, whichever is later.

Returning Students
Returning students receiving financial aid must submit each year an Application for Continuation of Financial Aid, along with the required attachments. These items must be submitted by June 15th.

Notification of Aid
The College makes every effort to inform students of their financial aid package by July 15th of each year. In most situations, the sooner the College receives the student’s completed forms, the sooner that student will receive notification.

Payment Plans and Discounts

All student payments, including those from loans, are due by the respective student check-in dates for the fall semester. Parent payments from outside loans are due on the same dates.

For the balance of cash payments from parents, one of the following payment plans may be selected:

Plan 1: Single-Payment Plan. Parents whose enrolled child is not receiving financial aid from the College and who pay for both semesters by June 30th will receive a discount of $500–$750. If the student is receiving financial aid from the College, parents may still choose Payment Plan 1, but no discounts will be given.

Plan 2: Two-Payment Plan. Parents whose enrolled child is not receiving financial aid from the College and who pay for each semester by June 30th and December 31st, respectively, will receive a discount of $300–$500. This discount is deducted from the second payment. If the student is receiving financial aid from the College, parents may still choose Payment Plan 2, but no discounts will be given.

Plan 3: Ten-Payment Plan. The total amount due is paid in ten equal monthly installments beginning on July 1st.