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 Biden-Harris Administration and the U.S. Department of Education recently announced a one-time loan forgiveness program for federal loans that are being held by the Department of Education as of June 30, 2022.  Per the studentaid.gov/debt-relief-announcement/one-time-cancellation website, you may be eligible for federal loan debt relief if your annual federal income was below $125,000 for individuals or $250,000 for households.  If you were enrolled during the 2021-2022 academic year as a dependent student when filing the FAFSA, your eligibility will be based on parent income.

Summary of the plan:

  • 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

Steps that the Department of Education has suggested that you can be taking while you are waiting for the application to become available:

  1. View your loan balance or check to see if you have received a Federal Pell Grant. Log into your Federal Student Aid account online at studentaid.gov.  Select “My Aid” in the dropdown menu.  In the “loan breakdown”, you will be able to view the loans that are currently being held by the U.S. Department of Education.  Please review your contact information and make sure it is up to date.
  2. Review who your loan servicer is via the account dashboard.  Your loan servicer was assigned to your loans when they were disbursed.  Your loan servicer can also be found under the “My Aid” section.  Make sure your servicer has your correct contact information.
  3. Sign up for notifications from the U.S. Department of Education via ed.gov/subscriptions.

If you are interested in applying for this debt forgiveness, you will need to apply.  The application is scheduled for release later this month (date has yet to be released). 

If you have additional questions on this opportunity, please visit studentaid.gov/debt-relief-announcement.

 

*State and local tax implications on the debt relief will vary.

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.
 
 

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.

 

You are not authorized to use this portlet; It is only available to users in certain roles within the portal.
You are not authorized to use this portlet; It is only available to users in certain roles within the portal.
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 2022/2023: May 1, 2022
 
 
Verification materials for 2022/2023 returned to  the financial aid office:   June 1, 2022 
 
Please contact the financial aid office to discuss options for an extension of these requirements.
 
 
 

 

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)

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, 1045K)

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)

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)

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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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)
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)

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 a copy of the "TEACH Grant Exit Counseling" booklet.
(.pdf, 282K)

Code of Conduct