Financial Aid

 

Cost of Attendance

Cost of Attendance (COA) is an estimate of the “typical” student’s educational expenses, including the cost of tuition, fees, tools, supplies, books, room and board, transportation, and miscellaneous personal expenses.

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U.S. Department of Education’s Net Price Calculator

In accordance with the Higher Education Act of 1965 (HEA), as amended (20 U.S.C. § 1015a), beginning on October 29, 2011, each postsecondary institution in the United States that participates in Title IV federal student aid programs and enrolls full-time, first-time degree- or certificate-seeking undergraduate students is required to post a net price calculator on its website. It is based on information from the most current completed academic year (class of 2015).

Calculations are based on the parameters for a first time, first year student during a standard academic school year. This means that the summer quarter is not included in the calculator’s calculations. Results are dependent on the accuracy and completeness of the information entered and is intended to provide only a general guide to your eligibility for financial aid. Any award is not guaranteed by NWSWB and is meant to be an indication of the aid you may be eligible to receive. This is not an application for financial aid. Your information will not be retained or transmitted to NWSWB in any way.

Net Price Calculator

 

We are Approved for Federal Student Aid

fsaHow to Apply for Federal Student Aid
OUR FEDERAL SCHOOL CODE: 041550

We are approved for Federal Student Aid including Direct Student Loans and Pell Grants.

Students who wish to apply for Federal Student Aid (FSA) will need to complete a 2017/2018 FAFSA (Free Application for Federal Student Aid) form online at www.fafsa.ed.gov

NWSWB does not impose a deadline for completing the FASFA but it is highly recommended that students apply for financial aid concurrent with enrollment.

Students can find information and apply for Federal Financial Aid, Pell Grants, and Direct Student Loans at www.fafsa.ed.gov. For more information, please reach out to NWSWB’s Business Office at 360-385-4948 ext. 302 or email katie@nwswb.edu.

 

Student loan programs from private lending sources may be available. A comprehensive annotated collection of information about student financial aid can be found at www.finaid.org and at the Federal Student Aid website. There are also videos on YouTube that provide additional information about how to apply for Federal Student Aid – access them by clicking here.

 

Changes to the FAFSA process for 2017-2018

USE EARLIER INCOME AND TAX INFORMATION: Beginning with the 2017–18 FAFSA, students will be required to report income and tax information from an earlier tax year. For example, on the 2017–18 FAFSA, students (and parents, as appropriate) will report their 2015 income and tax information, rather than their 2016 income and tax information.

This applies to students who will be beginning their program in the fall of 2017.

Students (and parents, as appropriate) must use the “Link to the IRS” feature when completing the online FASFA application https://fafsa.ed.gov/.

 

Tuition Work Exchange Program (TWEP)

This is administered by the school and is not the same as the Federal Work-Study Program. TWEP is structured so that students can work at the NWSWB in exchange for a reduction in their quarterly tuition. Students earn one TWEP credit for each hour of work. TWEP credits earned are applied quarterly to a student’s account and are used to reduce tuition. The TWEP exchange rate for the 2017-2018 school year is $13.28 per hour based on the following formula: Quarterly tuition $4,850 / 365 clock hours = $13.28. 

Students will be supervised and work under the direction of Charlie Duerr, Shop & Facilities Manager.

If you have been accepted to the school and are interested in learning more about this program, please contact Richard Johanson, Admissions and Student Services Manager at richard@nwswb.edu. TWEP is offered to students on a limited basis and on the approval of the Chief Instructor and Shop & Facilities Manager after the completion of an in-person interview.

 

Tax Credits Can Help – Even if You Didn’t Work Last Year

Federal Income Tax credits may help offset the cost of attending college. This can amount to as much as $2,500 tax credit per calendar year for some students. Even if students owe no taxes, there can be as much as a $1,000 cash refund to them per calendar year. Students in both the 12-month and 9-month programs may be eligible for these tax credits/refunds for two calendar years. Visit www.irs.gov and enter “education credits” in the search box for details. Please consult the IRS website and with your tax consultant if you have detailed questions about this opportunity.

 

We are Approved for Veterans GI Education Benefits

us-flagThe Northwest School of Wooden Boatbuilding is designated a Veteran Supportive Campus by the Washington State Department of Veteran Affairs. Education benefits are available to U.S. Military Veterans through the Department of Veterans Affairs (VA) benefits and services. The school is not able to tell you what benefits you are eligible to receive. You must contact the VA for information about your benefits. To obtain this information, visit www.gibill.va.gov. To apply for benefits online, you may complete a VONAPP (Veterans Online Application) at www.ebenefits.va.gov or download and complete VA Form 22-1990 (Application for VA Education Benefits) and mail it to the VA. All instructions are included with the form.

For specific GI Bill questions, or to receive VA From 22-1990 by mail, please contact the VA at 1-888-442-4551.

Applicants should forward a copy of their Certificate of Eligibility (COE) with their completed enrollment application to:

Admissions
360-385-4948 ext. 305
admissions@nwswb.edu

 

Veterans Frequently Asked Questions

Factors to Consider When Choosing a School: A guide before using the GI Bill

GI Bill Comparison Tool

Women’s VA Call Center

 

Alaskan Student Loans

alaska_flagOur school meets the criteria for Alaskan student loans.

Information for Alaskan residents is made available through the Alaska Commission on Postsecondary Education.



 

Canadian Student Loans

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Our school meets the criteria for Canadian student loans. Information for Canadian residents is available through the National Student Loans Service Centre.

 

 

Additional Canadian resources:

 

Additional Resources

Tips for debt free college education
Resources for Hispanic Students
Resources for Minority Students

 

The Northwest School of Wooden Boatbuilding is accredited by the Accrediting Commission of Career Schools and Colleges (ACCSC). The ACCSC is listed by the U.S. Department of Education as a nationally recognized accrediting agency. The School is also licensed under the Private Vocational Schools Act, Chapter 28C.10RCW of Washington State. Northwest School of Wooden Boatbuilding is a registered 501(c)(3) nonprofit institution.

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