Wayne State University

Aim Higher

Your Financial Aid Plan

Having a good graduation plan includes calculating how much financial aid will be available to you. Federal aid and many WSU scholarships and grants have annual and lifetime limits.

Federal Pell Grant Limits - Keep in mind that the federal Pell grant is limited to 12 semesters of awards for full-time enrollment.

Federal Loan Limits - Subsidized loans also are limited to 12 semesters of full-time enrollment. If you borrow the maximum during the fall and winter semesters, you will have to rely on other sources to pay for your spring and summer courses.

Scholarship & WSU Grant Limits - Most WSU scholarships will only be awarded for four years or two years for transfer students.

If your degree requires 120 credits, you will need to enroll in 15 credits each semester in order to graduate in four years.

Undergraduate grade level is determined by the number of completed credit hours.

Freshman: 0 to 28.99 credits
Sophomore: 29 to 55.99 credits
Junior: 56 to 87.99 credits
Senior: 88 credits and above

  Fall Winter Spring/Summer

Credits

Grade Level

Estimated cost

Federal Pell grant

Other

Freshman loan option

Federal PLUS loan

Balance

15

Freshman

____________

____________

____________

$2,750

____________

____________

15

Freshman

____________

____________

____________

$2,750

____________

____________

 

Freshman

____________

____________

____________

n/a

____________

____________

Credits

Grade Level

Estimated cost

Federal Pell grant

Other

Sophomore loan option

Federal PLUS loan

Balance

15

Sophomore

____________

____________

____________

$3,250

____________

____________

15

Sophomore

____________

____________

____________

$3,250

____________

____________

 

Sophomore

____________

____________

____________

n/a

____________

____________

Credits

Grade Level

Estimated cost

Federal Pell grant

Other

Junior loan option

Federal PLUS loan

Balance

15

Junior

____________

____________

____________

$3,750

____________

____________

15

Junior

____________

____________

____________

$3,750

____________

____________

 

Junior

____________

____________

____________

n/a

____________

____________

Credits

Grade Level

Estimated cost

Federal Pell grant

Other

Senior loan option

Federal PLUS loan

Balance

15

Senior

____________

____________

____________

$3,750

____________

____________

15

Senior

____________

____________

____________

$3,750

____________

____________

Graduation!