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Helping You Get Ahead

If you’ve qualified for scholarships or grants, congratulations! But sometimes there is still a gap, and that’s when federal or private student loans come in. Of course, these will have to be repaid, so when the time comes, check here for repayment tips.


Federal loans

As part of the U.S. Department of Education, Federal Student Aid provides more than $150 billion in grants, loans, and work-study funds each year to more than 13 million students. These federal loans have several advantages, including fixed interest rates, and income-based repayment. Here are a few:

Federal loan filing tips:

Completing the Free Application for Federal Student Aid (FAFSA®) is the first step to getting federal loans for college.

  • File the FAFSA as soon as possible
  • You can file the FAFSA based off of estimates
  • Use your FSA ID to sign the FAFSA
  • Once you file your IRS Tax Return, utilize the FAFSA IRS Data Retrieval Tool
  • Must apply annually

Don’t forget to include:

  • Divorced/remarried parental information
  • Social security numbers
  • U.S. income taxes paid
  • Student/parent signature

I submitted the FAFSA, now what?

  • Within a few days, the U.S. Department of Education will send you your Student Aid Report (SAR)
  • The school(s) listed on the FAFSA receives your FAFSA information
  • Wright State University communicates with you regarding outstanding requirements and/or financial aid award information
  • Contact Wright State Financial Aid to find out how they will communicate with you

Private loans

Private student loans are those provided through a bank, credit union or other private business. A credit check and cosigner is often required for these types of loans, but lenders can help you make that determination.

In the world of private student loans, you have lots of options. Wright State University students are encouraged to go to FastChoice to research all private lending options.

Whichever route you take, it’s important to be informed, ask lots of questions, and get advice from people you trust.

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