Admissions & Financial Aid Applying for Aid
Current students must complete the Financial Aid Process between october 1 and March 1 each year.
Current Student Financial Aid Process
To apply for federal and state need-based financial assistance, you must:
- Complete the FAFSA (cost to complete = Free)
- Complete the Verification Process
Completion of the FAFSA results in a determination of a family’s ability to pay for their son’s education (EFC). If the EFC is lower than the student’s Cost of Attendance (COA), the student is eligible for need-based financial aid.
COA – EFC = Need-based Aid Eligibility
The amount of federal, state, and institutional need-based aid a student can receive is based on the level of the student’s need-based aid eligibility and other sources of financial assistance he may have (i.e. merit-based scholarship).
Eligibility for need-based financial aid is contingent upon continuing to demonstrate financial need, Satisfactory Academic Progress, and campus citizenship as determined by the Dean of Students. Additionally, students cannot be in default or owe a refund on any federal aid.
Current Students Financial Aid Calendar
February 1 – FAFSA filing due
April 1 – Verification documents due to the financial aid office
May – Financial Aid Awards available via Ask Wally
June 1 – Fall semester tuition statements mailed
July 15 – Fall semester tuition due
November 1 – Spring semester tuition mailed
December 15 – Spring semester tuition due
If you are selected for verification, the Wabash College financial aid office will notify you regarding what documents are required to be submitted via letter sent to your home address. Wabash College collects families' federal income and tax related documents. There are three ways to request your tax transcript: by phone, online, or by mail. Please make sure you request a Tax Transcript. Do not request a Tax Account Transcript or Record of Account because they cannot be used for financial aid verification purposes. Please be advised that our office cannot verify your financial aid award without a tax transcript.
Obtain a Tax Transcript from the IRS
If you and/or your parents are selected for federal verification, the US Department of Education requires our office to collect an Official Tax Transcript processed by the IRS. Please note that parents who are married but filing separately must submit two separate IRS transcripts. Transcripts are not required for those filing a foreign or Puerto Rican tax return.
- Click here to obtain a tax return transcript online.
* Click "Get Transcript ONLINE." Make sure to request the "IRS Tax Return Transcript" and NOT the IRS Tax Account Transcript.
* To use the Get Transcript Online tool, the user must have (1) access to a valid email address, (2) a text-enabled mobile phone (pay-as-you-go plans cannot be used) in the user’s name, and (3) specific financial account numbers (such as a credit card number or an account number for a home mortgage or auto loan). The transcript displays online upon successful completion of the IRS’s two-step authentication.
- To obtain a tax return transcript by phone please follow these steps:
* Call the IRS at 1-800-908-9946 (7:00 a.m. to 10:00 p.m.).
* Tax filers must follow prompts to enter their Social Security Number and the numbers of their street address. Generally, these will be the numbers of the street address that was listed on the latest tax return filed. However, if an address change has been completed through the U.S. Postal Service, the IRS may have the updated address on file.
* Select "Option 2" to request an IRS Tax Return Transcript, and then enter "2016"
* If successfully validated, tax filers can expect to receive a paper IRS Tax Return Transcript at the address that was used in their telephone request within 5 to 10 days from the time the IRS receives the request.
* IRS Tax Return Transcripts requested by telephone cannot be sent directly to a third party by the IRS.
- To obtain a tax return transcript by mail please follow these steps:
* Complete Form 4506T (Request for Transcript of Tax Return).
* Form 4506T is available online.
* Mail or fax the completed IRS Form to the appropriate address (or fax number) provided on page 2 of Form 4506T.
* Your transcript(s) will be mailed within 5 to 10 days from the IRS.