Financial Aid Brochure 2023-24

Federal Supplemental Education Opportunity Grant (FSEOG) This is an additional grant intended to help financially needy students. The government has allocated limited funds to Word of Life Bible Institute to distribute. FSEOG will be awarded automatically by the Financial Aid office, first to eligible students who are receiving a Pell Grant. If additional funds remain, they will be awarded to students who did not receive a Pell Grant but are otherwise eligible until funds are depleted. Awards vary from $600 - $1,500 . Federal Work-Study (FWS) This is an opportunity for students to earn extra funding for school. Students are accepted based upon financial need which is determined by a completed FAFSA, the Expected Family Contribution (EFC) must be below $10,100, acceptable academic history, and the ability to excel in the selected employment area. Some positions involve community service, while other positions are available on campus. Students average up to $1,000 earnings per year. This is dependent on the number of hours worked and hourly pay. Students will find the application on Financial Aid Solutions ( wol.is/solution ) under “Forms,” when available. New York Campus Summer Work Program Selected students arrive in mid-August and earn minimum wage during the five weeks prior to school registration. Room and board costs are covered during the SWP. For more information, contact the New York Financial Aid office at finaid@wol.org or 1.800.331.9673 . Florida Campus Summer Work Program Selected students arrive in mid-August and earn minimum wage during the three weeks prior to school registration. Room and board costs are covered during the SWP. For more information, contact Ben Young at 727.379.5036 or benyoung@wol.org .

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