Additional Unsubsidized Federal Stafford Loan

If you are an independent undergraduate (as defined by federal regulations) or a dependent student whose parents are unable to get a PLUS loan, you may borrow additional unsubsidized Stafford Loan funds. If you are a graduate student you may also qualify for additional unsubsidized Stafford Loan funds. The interest rate as of 7/1/06 is 6.8% fixed. You are personally responsible for the interest throughout your enrollment and "grace" periods, as well as during the repayment period.

Academic Year ( 12 months ) Loan Limits:

Maximum Aggregate Stafford Loan Limits:

Additional information on Stafford Loan interest rates, borrower benefits and repayment incentives is available here. 

Federal PLUS Loans

Federal PLUS Loans enable parents to borrow for each dependent who is enrolled in school at least half-time. Parents may finance up to the full cost of their child’s education each academic year, minus grants and other financial aid the child receives. (Although parents do not have to prove financial need, credit checks are mandatory. Applicants with adverse credit histories will not be eligible for PLUS loans.) Repayment on these loans usually begins within 60 days after disbursement. The current interest rate of 8.5% is subject to change each July 1. If for any reason the PLUS application is denied, the dependent may be able to borrow additional funds through the Unsubsidized Federal Stafford Loan Program.

If you are interested in securing a Parent Loan for Undergraduate Students (PLUS) on behalf of your student, you must first obtain pre-approval from one of the lenders from Wingate University’s Preferred Lender List. You may review the most up-to-date borrower benefits, interest rates and other information for the PLUS here. While at this website you may also complete the pre-approval process for your selected lender. Remember, the pre-approval process is required in order to obtain a PLUS. Once Wingate University is notified of your approved status, we will certify your PLUS loan with your pre-approved lender.

Alternative Loans

As a parent, if you would prefer not to have educational loans in your name, then an Alternative Loan may be a more preferred option for you. Lenders generally make available alternative student loans to help fill the gap between the financial aid you receive and the money you still need. These loans are available to creditworthy students, or students with creditworthy co-borrowers. Up-to-date borrower benefits, interest rates and other information for the Alternative loans are available here.

Wingate University Preferred Lender List

Forms Required to Work on Campus

All students working on campus must complete and submit the following forms to the Office of Student Financial Planning each academic year: 

• Work Contract - A signed agreement between employee and employer.

The following form only has to be submitted once to the Office of Student Financial Planning:

• I-9 Employment Eligibility Verification - This form is required of all employees. This form must also be accompanied by two of the following documents:
  • Driver's License
  • U.S. Military Card
  • U.S. Social Security Card issued by the Social Security Administration
  • Original or Certified copy of Birth Certificate
  • Passport
  • W-4 - Federal Employee's Withholding Allowance Certificate
  • NC-4 - North Carolina Withholding Allowance Certificate
  • New Hire Form

These forms are located here.

The list to all on-campus student worker positions is located here.