Financial Aid

Signing up for a student loan may be your first experience of taking on a major debt. Such an investment in your future can pay off, but plan carefully to avoid investing in the wrong program of study. Remember: You must repay this debt according to the terms to which you agree when you sign the promissory note. Loan defaults are dangerous to your financial health and your career.

Tip 1

Check into employment opportunities for your program area before you enroll in a course of study. Go to WCTC's Career Center located in the Workforce Development Center at the Pewaukee Campus to be sure the program you're interested in is right for you.

Tip 2

WCTC has strict rules on making refunds to dropouts. Know the details of WCTC's refund policy before you enroll. Should WCTC fail to live up to its stated refund policy, contact the Registration Office and/or the Financial Aid Office to express your concerns.

Tip 3

Ask the Financial Aid Office to explain the costs associated with attending WCTC. Make sure you understand the total cost of attending WCTC, including the estimated living expenses.

Tip 4

Contact your lender with any questions. Lenders can be helpful in explaining your rights to deferment, cancellation, prepayment, or consolidation; providing you with a definition of default; or explaining the consequences of default.

Tip 5

When you begin repaying your loan, keep your payments up-to-date. If you have trouble with payments be sure to contact the lender immediately.

Remember

Student loans are to be used only for educational purposes. Giving false information, forging information, or using loan funds for any purpose other than legitimate school expenses is a criminal offense.

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