FAFSA (Free Application for Federal Student Aid)

Filing the FAFSA should be your starting point when looking for funds for college. Some states, colleges and organizations require the application for consideration of their awards. Indiana residents are required to complete the FAFSA by the April 15th deadline to be considered for state grants. To file your FAFSA please go to: www.fafsa.ed.gov.

Payment Plans

Payment plans are a way for SMWC students to spread their tuition costs over a semester, interest free. More information about payment plans can be found on the Business Office’s website.

Direct Lending and PLUS Loans

 Student loan options are available through federal programs. Examine your options and pursue other information.

Private Student Loans

Before students or parents consider private educational loans, SMWC encourages them to search for outside scholarship options, student employment and maximize their federal loan eligibility. Federal loans offer many benefits, such as various repayment options, deferments, forbearance and caps on interest rates.

Loan Program Current Interest rate
Federal Direct (students) – Subsidized & Unsubsidized 4.45% fixed
Federal PLUS (parents) – (custodial & non-custodial may apply) 7.0% fixed

There will be disclosures the lender must provide to borrowers:

  • Application and Solicitation Disclosure – provided when an application is submitted.
  • Borrower Self-Certification Form – Private loan borrowers must complete a Self-Certification Form. Your lender will provide you with this form and instructions on how to complete it or you may obtain a copy of the form by clicking here. All forms should be sent directly to your lender and not the Financial Aid Office. We cannot forward these forms to your lender.
  • Loan Approved Disclosure – Sent after credit is approved. This disclosure provides information about terms of the loan. The borrower must accept the loan term within 30 days of receipt for the application to proceed.
  • Final Disclosure – Sent after the borrower has accepted the terms of the loan and after the school has certified the loan amount (this happens prior to disbursement). The loan cannot be disbursed to the school until up to 7 days have passed from the lender sending disclosures to the borrower.

Compare Private Loans

SMWC does not endorse any lender represented. SMWC encourages students and parents to research the best possible option for them.

Outside scholarship opportunities:

We encourage students to search for outside scholarship opportunities to assist with their educational costs.

  • High School Counselor
  • Community Foundation
  • Student/Parent/Spouse employer reimbursement
  • Clubs & Civic organizations
  • Military benefits
  • Vocational Rehabilitation services
  • Secure Internet searches

Be cautious…never pay for scholarship assistance!