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Financial aid basics

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What about the money?

Payments

After applying for financial aid, many students want to know: Where's my money? The all-important answer depends a lot on YOU. Financial aid is scheduled to pay toward your account approximately 10 days before the semester begins. Your aid will be disbursed only if you have completed all of your requirements.

Not sure where you stand? Check GoWMU and click on Financial Aid. There you will see a link for Requirements. This will tell you if you have additional documents to turn in, or whether you have to complete a promissory note or loan entrance counseling.

Keep track of your financial aid status using our handy checklist . If you still have questions, call the help line at Bronco Express, (269) 387-6000.

Refunds

An overpayment or excess financial aid paid to your account will be refunded to you. Refunds can either be directly deposited to your personal account or they may be mailed to you. There is complete information about the University's refund options on the Accounts Receivable website.

Personal payment options

Tuition, fees, residence hall charges, university apartment rent, health center charges, library fines and other university-related charges on your student account can be paid by cash, check, credit card or electronic checking or savings. WMU accepts payments by electronic checking or savings on the web. Credit and debit card payments (American Express, MasterCard, VISA or Discover) can be made only online and are subject to a convenience fee of 2.75 percent or $3, whichever is larger. Students can log in to GoWMU and select the Payment and Account Information channel. Authorized users may make payments using the Payment and Account Information site, https://wapps.wmich.edu/authuser . Payments by mail can be made by check. Payments can be made in person at Bronco Express with cash or check. No credit or debit card payments are accepted by mail or in person.  There is complete information about the University's payment plan and payment options on the Accounts Receivable website.Parking violation payments can be made online or in person at parking services.

Tax Benefits

Taxpayers may be eligible for education-related tax deductions or tax credits, including:  American Opportunity Credit and Lifetime Learning Tax Credit, Student Loan Interest Deductionlink off site and other tax benefits for education. View IRS Publication 970 link off site Tax Benefits for Higher Education for more information.

WMU does not provide personal tax advice.  To determine your eligibility for any educationally related tax deductions or tax credits, please contact a personal tax advisor or the Internal Revenue Service (IRS) or visit the IRS website.link off site

Your 1098-T form

WMU is required to mail a 1098-T form to most students on the amount of tuition and qualified fees paid. The 1098-T form is mailed by January 31st. To claim the credit, the student or parent completes IRS Form 8863 (available on the IRS website: Forms and Instructions) link off site

Each year after January 31st, you can also access your own 1098-T information on the web at www.1098-T.com.link off site If you have questions about the information indicated on your 1098-T form, please call (877) 467-3821.

If you were enrolled in a course for academic credit during the year and do not receive a 1098-T form by February 10th and the form is not on www.1098-T.com, please call Bronco Express to request the form, (269) 387-6000.

 

Updated: 10/10/2014 12:46 PM

study abroad photo

 

Wonders of the world

Study abroad is an incredible opportunity for you to travel, absorb foreign culture and meet people from around the world.

Study abroad also presents unique financial challenges. Fortunately, student financial aid can help. If you plan to study abroad, contact us so we can help you get the resources you need.

Call Bronco Express, 269 387-6000, or visit their office in the Bernhard Center.

 


Visit related WMU sites

There is a lot more to see! Visit some of our friends at WMU to learn about academics, campus life and how you can be successful.

Student Financial Aid
1903 W Michigan Ave
Western Michigan University
Kalamazoo MI 49008-5337 USA
269 387-6000 finaid-info@wmich.edu