Financial Aid

Welcome

Welcome to the Financial Aid Portal.  We are here to help you smoothly navigate the financial aid process.  Should you need our assistance, please contact us.  Our contact information is listed below.
 
 
 
Natasha Bates, Financial Aid Counselor
Laura Burns, Director of Financial Aid
 
Office Contact:
Phone (315) 364-3289
Fax (315) 364-3445
Email: financial-aid@wells.edu
 
Address:                        
Wells College                      
Financial Aid Office             
Macmillan 224
170 Main St.                    
Aurora, NY  13026         
 
College Codes:
FAFSA:  002901
NYS TAP:  1050
 
Consumer Information: can be found on the Wells College website:  https://www.wells.edu/financial-aid/consumer-information 
 
One-Time Student Loan Debt Relief:

The application for the one-time student loan debt relief is now open!

 

You may be eligible for federal loan debt relief if you had federal Direct student loans disbursed prior to June 30, 2022, and your 2020 or 2021 income was below $125,000 for individuals or $250,000 for households.  For students enrolled during the 2021-2022 academic year as a dependent student when filing the FAFSA, your eligibility will be based on parent income.

Plan summary:

  • Up to $20,000 in debt relief if you received a Federal Pell Grant while in college and meet the income threshold
  • Up to $10,000 in debt relief if you did not receive a Federal Pell Grant while in college but meet the income threshold

 

If you are interested in this student loan forgiveness program, you will need to apply.  The brief application can be completed on the federal studentaid.gov website:  https://studentaid.gov/debt-relief/application. 

 

Please be aware that there are potential scammers trying to mimic this application.  Things to note to avoid being scammed:

 

  1. Use only the studentaid.gov website to apply for the loan forgiveness program
  2. There is no fee to apply.  If you are being asked to pay a fee, your application is not being completed on the U.S. Department of Education website.
  3. Do not give your personally identifiable information to anyone who is calling or texting you regarding the student loan debt relief.  No one from the Department of Education will be calling or texting you regarding your application for this relief program.  The Department of Education may email you - the emails will be coming from noreply@studentaid.gov.

 

 

*Please note that student loan forgiveness funds may be subject to state/local income tax, depending on your state tax code.

Special Financial Circumstances

Special Financial Circumstances

Recognizing that federal legislation is now requiring students and parents to complete their FAFSA with prior, prior year tax information, some students and parents may have a significant change in their financial situation. Please contact the Financial Aid Office directly if your financial situation has changed due to: 
  • Loss of employment/pay reduction/benefits or retirement
  • Unusual medical/dental expenses (must exceed 11% of total family income) or Nursing Home costs not covered by insurance
  • Elementary/Secondary tuition costs for dependent children
  • Unusually high child care costs
In order to be considered for any of the above federal professional judgment circumstances students must complete the verification process. Students and parents (if applicable) will be required to complete the Wells College verification & special circumstances appeal forms in addition to supplying supporting documentation of their financial changes.
 
 

Federal TEACH Grant

Teacher Education Assistance for College and Higher Education (TEACH) Grant

 

Federal Teach Grants provide grants of up to $4,000 per year to students who intend to teach in a public or private elementary or secondary school that serves students from low-income families.  In exchange for receiving a TEACH Grant, you must agree to serve as a full-time teacher in a high-need field in a public or private elementary or secondary school that serves low-income students.  As a recipient of a TEACH Grant, you must teach for at least four academic years within eight calendar years of completing the program of study for which you received a TEACH Grant.  For information on this program, please visit the Federal TEACH Grant website:https://studentaid.ed.gov/sa/types/grants-scholarships/teach.

 

My Financial Aid Document Tracking

Get help using 'My Financial Aid Document Tracking'
You are not authorized to use this portlet; It is only available to users in certain roles within the portal.

Financial Aid Awards

Get help using 'Financial Aid Awards'
You are not authorized to use this portlet; It is only available to users in certain roles within the portal.

Returning Students Aid Application Process

To be considered for financial aid, you need to complete a FAFSA each year.  For returning students, you will need to complete your renewal aid application electronically at http://studentaid.gov.   
 
 
FAFSA application filing deadline for 2023/2024: May 1, 2023
 
 
Verification materials for 2023/2024 returned to  the financial aid office:   June 1, 2023
 
Please contact the financial aid office to discuss options for an extension of these requirements.
 
 
 

 

Financial Aid Policy and Procedures

Handbook and Important Terms

This glossary of terms can assist you with information that appears on your financial aid award offer. The glossary was developed by the NASFAA Awards Notification Task Force and can be found online at: https://www.nasfaa.org/glossary 

(.doc, 33K)
Download Glossary of Financial Aid Terms

The Financial Aid Handbook can assist you with how to apply for financial, types of programs and requirements to maintain your financial aid eligibility and lists important deadline dates.

(.pdf, 762K)
Download Financial Aid Handbook

Financial Aid Newsletter

This newsletter includes important information on how to apply for financial aid for the upcoming 2020/2021 academic year and appropriate deadline dates. If you need assistance in completing your FAFSA, we are here to help. You can schedule an appointment with our office at financial-aid@wells.edu.

(.pdf, 141K)
Download Financial Aid Newsletter

Download and Print Forms

FAFSA Filing Tools

New FAFSA filing students will need to create their FSA ID to login their FAFSA's.  Instructions on how to create your FSA ID can be found by clicking this link or by watching the following video

https://www.youtube.com/watch?v=yj1Pn-shze8

Federal Student Aid has also created a youtube video to assist you with filing your FAFSA:

https://www.youtube.com/watch?v=w9HWaQpuNSk&t=2s

 

Need help answering questions on the FAFSA, please visit https://studentaid.gov/apply-for-aid/fafsa/filling-out/help?utm_source=mcp&utm_medium=email&utm_campaign=spring_renewal_22_n_pell&utm_content=st_sb for assistance.

(.pdf, 151K)
Download How to create an FSA ID

Verification Forms

Please review the step-by-step instructions on how to use the FAFSA's IRS Data Retrieval option. This option allows your IRS tax information to be automatically transferred to your FAFSA.

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Download IRS Data Retrieval Instructions

Students or parents who file an amended federal tax return cannot use the IRS Data Retrieval process on their FAFSA.  Instead, they must request a tax return transcript and tax account transcript, as the return transcript only contains the original information.  Both documents together will be needed to complete the verification process.  If you choose to order these documents by paper, you must use the IRS Form 4506-T.  If you choose to order these documents online, please visit https://www.irs.gov/pub/irs-pdf/f4506t.pdf.

(.pdf, 94K)
Download IRS Form 4506T
Students or parents who are selected for verification and have filed their federal tax return do not use the IRS Data Retrieval process on their FAFSA must request a tax return transcript.  This document will be needed to complete the verification process.  If you choose to order your tax return transcript by paper, you must use the IRS Form 4506T-EZ.  If you choose to order this document online, please visit https://www.irs.gov/pub/irs-pdf/f4506tez.pdf.
(.pdf, 73K)
Download IRS Form 4506T-EZ

Federal TEACH Grant

Learn if you are eligible for a Federal TEACH Grant by reviewing this fact sheet.  Please visit the U.S. Department of Education TEACH Grant webpage to complete your required TEACH Grant Agreement to Serve (ATS) and TEACH Grant entrance counseling at https://studentaid.gov/teach-grant-program. 
(.pdf, 153K)
Download TEACH Grant Fact Sheet
Download a copy of the "TEACH Grant Exit Counseling" booklet.
(.pdf, 282K)
Download TEACH Grant Exit Counseling

Code of Conduct

Code of Conduct