Financial Aid The College of Wilmington participates in the Federal Pell Grants Program under the Title IV of the U.S. Code along with the Stafford Loans through the U.S. Direct Loan Program. Students may request assistance from the Financial Aid Officer in filling out the free application for financial aid or FAFSA, completing the entrance and exit loan counseling sessions and in applying for the Stafford loans. To be eligible for federal financial aid, students must meet the following general eligibility criteria: • Be a US citizen or eligible non-citizen, • Have a valid Social Security Number, • Be registered with Selective Service, if required • Must not be in a “default” status on a student loan or owe an overpayment of grant aid, • Possess a high school diploma, GED or its equivalent or, subject to certain restrictions, meet U.S Department of Education (ED) standards for having proven the ability to benefit. • Must not be incarcerated, • Must not have been convicted of drug possession or sales in violation of ED rules and regulations, and • Must be enrolled in a program which meets certain minimum length requirements and which leads to a degree, diploma, or certificate. The academic year for students is 900 clock hours. The School’s award year is from July 1st of one year through June 30th of the following year. In addition to the federal funds indicated above, the School participates in Veterans Programs, Vocational Rehabilitation, and various private scholarship programs. Students receiving Federal Financial Assistance are required to meet the College’s standards of academic progress. Additional, Federal requirements restrict the time frame that students receiving aid have to complete their program and require completion of a minimum number of clock hours each payment period. Failure to do so may result in termination of financial aid eligibility. Detailed information on the financial aid standards will be issued to all students receiving financial aid. All awards of need-based financial aid are made annually, and students must reapply each year by completing a new or renewal FAFSA in order to be considered for assistance.