Interested in Federal Work Study? Apply using the application located under the Forms link on the left side of the page. The application will be open until Work Study funds are exhausted.
Your Rights and Responsibilities as a Borrower
When you take out a federal Direct Loan for the first time, you must sign a Master Promissory Note. It’s a legal contract under which you promise to pay back your loan, along with interest and fees. It’s the same type of contract that you’d sign if you were borrowing money for a car or home.
As a borrower, you have certain rights and responsibilities. Knowing them can help you avoid problems down the road.
As a borrower, you have the right to:
- Written information about your loan obligations and your rights and responsibilities as a borrower.
- A copy of your Master Promissory Note either before or at the time that your loan is disbursed.
- A grace period and an explanation of how it works.
- If you are in a grace period or repayment, notification no more than 45 days after a lender assigns, sells, or transfers your loan to another lender.
- A disclosure statement, received before you begin to repay your loan, that includes information about interest rates, fees, and the balance you owe, along with a repayment schedule.
- Deferment or forbearance of repayment for certain defined periods if you qualify and request it.
- Prepayment of your loan in whole or in part anytime, without an early-repayment penalty.
- Documentation when your loan is paid in full.
As a borrower, you’re responsible for:
- Completing online exit counseling before you leave school or drop below half-time enrollment. The Financial Aid Office will mail a packet of information, including instructions for completion, to your address on file with the College. This packet will be mailed within 3 weeks of your enrollment dropping to less than half-time.
- Repaying your loan according to your repayment schedule even if you do not complete your academic program, you’re dissatisfied with the education you received, or you can’t find employment after you graduate.
- Notifying your lender or loan servicer if you move or change your address, change your telephone number, change your name, change your Social Security number, change employers, or your employer’s address or telephone number changes.
- Making monthly payments on your loan after your grace period ends, unless you have a deferment or forbearance.
- Notifying your lender or loan servicer of anything that might alter your eligibility for an existing deferment or forbearance.
Sample Student Loan Re-payment Schedule
|Amount Borrowed||Estimated Monthly Payment*|
*These monthly payments are estimated based on the current 4.66% interest rate and the standard ten-year repayment term.
To check the status of your financial aid, log into the WCC Gateway, click on MyWCC, Financial Aid, and then click on Check Your Financial Aid Status.log in »
Contact Financial Aid
To contact WCC’s Financial Aid office, you can:
- Visit the office on the second floor of the Student Center building
- Call 734-973-3523
- Send a fax to 734-677-5281
- Send an email to
The office’s normal hours are Monday through Thursday from 8:00am to 6:00pm and Friday from 8:00am to 5:00pm.