Financial Aid Overview
Federal Financial Aid
WGU is approved by the U.S. Department of Education to offer federal financial aid. Because of our more affordable tuition, WGU students are able to graduate without large school loans to repay.
Western Governors University's FAFSA Code: 033394
You Can Use Financial Aid for:
Federal financial aid will cover most if not all of your direct education expenses, including:
- Tuition and Fees, including electronic learning materials
- Technology costs
- Other educational expenses
Pell Grants for Those with Financial Need
A federal Pell Grant, unlike a loan, does not have to be repaid. Federal Pell Grants are awarded based on financial need only to undergraduate students who have not earned a bachelor's or a professional degree. Award amounts can change yearly and you may not receive federal Pell Grant funds from more than one school at a time. Effective July 1, 2012, you can receive the federal Pell Grant for no more than 12 semesters or the equivalent (roughly six years). You’ll receive a notice if you’re getting close to your limit.
Student Loans are Available to Most Students
WGU students may qualify for student loans:
- Federal Direct Loans (Subsidized) — These loans are based on demonstrating financial need. The interest is paid by the federal government while you are enrolled in school at least half time or during deferment periods.
- Federal Direct Loans (Unsubsidized) — These loans are not based on financial need, and therefore are available to most WGU students. You are responsible for the interest from the day you borrow the money until you pay off the loan.
Annual loan limits vary based on your program and grade level. Click here for information about loan limits.
WGU was selected to participate in a Department of Education study to implement responsible borrowing with WGU students.
As part of this study, WGU has agreed to enroll students in the program known as the Responsible Borrowing Initiative. Our goal at WGU is not to deter students from attending, but to provide financial aid funds to ensure every student has financial resources to graduate. Based on the criteria that was established by WGU and approved by the U.S. Department of Education, certain students are selected for this initiative. The criteria used to select students takes into account the outstanding student loan balance prior to enrolling at WGU. If selected to be included in this initiative, student loan limits will be in effect for the entire enrollment at WGU. Students in this initiative will be awarded up to:
- Undergraduate Students: $6,500 combined Subsidized and Unsubsidized Direct Loans
- Graduate Students: $7,500 Unsubsidized Direct Loans
- Maximum aid amounts are contingent on federal aggregate limits, grade level, as well as Cost of Attendance and other aid resources.
Interest Rate for Loans:
The interest rate you are charged for both Subsidized and Unsubsidized Loans is variable and adjusted once a year, on July 1. Click here to see the latest rates for Subsidized, Unsubsidized and PLUS loans.
Note: You will be responsible for repaying your loans even if you withdraw from WGU. Click here to learn more about your financial obligations.
Other Federal Grant Programs
- TEACH Grant: Teacher Education Assistance for College and Higher Education Grant Program that provides grants of up to $4,000 per year. Grant recipients are required to teach in a high-need field at a low income school for four years within eight years of graduation. This grant is available for students pursuing their first bachelor’s degree and who enroll in an eligible undergraduate education program. In addition, some select graduate programs are eligible. See list of eligible programs and learn more about this grant.
State Grants Available for WGU Students
In several states, WGU is an eligible education provider for local and state grant programs. Please be advised that WGU cannot guarantee funding from the states listed below. Please contact your local state grant agency for directions and explanations of eligibility for funds to attend WGU.
See below for our current list of states in which WGU may be eligible for grant program funding:
State grant programs typically have strict application deadlines for funding eligibility. In many cases, completion of the Free Application for Federal Student Aid (FAFSA) is the first step for state grant applications.
Note: WGU would like to offer additional state grants. Contact the WGU Financial Aid Department at firstname.lastname@example.org to let us know if you might qualify for grants in your state.
More about Financial Aid:
Questions & Answers
Click a question, see the answer to the right.
How are financial aid funds made available?
Financial aid funds are available to students based on six-month payment periods. You will receive an award letter from WGU’s financial aid department that includes estimated costs and aid for two payment periods. One-half of the aid is available for each six-month payment period.
Your financial aid cannot be used to pay your application fee.
Note: Full-time enrollment is required for all financial aid programs. Failure to progress at the full-time rate and in accordance with your Degree Plan may result in loss of eligibility for additional aid and for loan deferment.
Who can answer my financial aid questions?
Speak to an Enrollment Counselor who can answer most of your basic financial aid questions. The WGU Financial Aid Office can answer more specific questions about your personal situation once you have completed the WGU Financial Aid Application. The Financial Aid Office can be reached at:
1-877-435-7948 ext. 3104