How does becoming a remote learner or returning from being fully remote impact your financial aid?
How does becoming a remote learner or returning from being fully remote impact your financial aid? As outlined by W&M in the Path Forward information, choosing to be fully remote or opting to leave a housing contract may impact your financial aid eligibility.
Those returning to on-campus housing from being fully remote in fall:
The Financial Aid Office will be identifying you and working to adjust your aid eligibility for spring to take into account your spring housing charges.
Those opting to be fully remote in spring:
Those students opting to go fully remote in the spring will have their housing and transportation components of the cost of attendance adjusted. This adjusted cost of attendance will be used to determine aid eligibility. This may impact your eligibility for need-based financial aid (work, loans, and/or W&M grants).
Delayed Return to Campus Housing Rebates :
Per federal regulation, the rebates received for the late return to campus are considered financial assistance and may impact your eligibility for need-based financial assistance. The Financial Aid Office is working in conjunction with the Bursar’s Office to identify students that are eligible for these rebates. We are working to reduce the impact of this additional assistance on existing aid packages wherever possible.
Reach out to your financial aid counselor should you have any questions.