Distance Education

Introduction

The Financial Aid Office serves to help students find ways to finance their higher education. The basic principle of financial aid is to provide resources for those who would be unable to afford post-secondary education without aid. Federal and state regulations determine how those resources are distributed.

Filing the FAFSA

The first step in securing financial aid is to find out if your distance education coursework is included in the provisions of the federal and state regulations. Contact the Financial Aid Office to discuss your options. E-mail our office at finaid@uwstout.edu or phone the office at 715-232-1363.

If your distance education coursework is an eligible program, you will need to file the Free Application for Federal Student Aid (FAFSA) to determine your financial need. The FAFSA is the application for federal and state grants, loans or work-study.

If you wish to file electronically with an electronic signature, you must first secure your Department of Education Personal Identification Number (PIN). You may also file electronically without a PIN number and print the paper signature page to mail in. However this takes significantly longer. Or you may file electronically without a signature and you will be sent a Student Aid Report (SAR) form the Department of Education to sign and return.

The FAFSA is available in paper format also, available at any post-secondary financial aid office. Before you fill out a FAFSA, either on-line or on paper, you will need to assemble your documents, and your parents? if you are dependent. You will need federal income tax returns, W-2 forms, records of untaxed benefits received, current bank statements, and records of other savings and investments, such as stocks, bonds and mutual funds.

Results and Use

The results of the FAFSA are used by the Financial Aid Office to determine your eligibility for the various grant, loan and work programs. The office will e-mail you that your award is available on Access Stout, where you need to accept and decline your awards. First time borrowers on some of the loan programs will need to complete a required entrance counseling session on-line, and a promissory note. That information will be sent to you also when your FAFSA results are available.

Financial aid is disbursed at the beginning of the semester on-campus and is applied to the charges on your billing account. If you will receive a refund from your aid, all refunds are automatically sent to your StoutOne account. You must go to www.uwstoutone.com to activate your new ID card and choose how you wish to receive your refunds.