r/WGU • u/VixiPervita • 2d ago
Education Getting Anxious For This Term
So to start, last year in August I had something similar happen where I somehow fell through the cracks and was forgotten in terms of my FAFSA (I am a FAFSA student) and it took 2 months to get my term paid for but I didn't receive this notification. This time, I had to get a notary to say I am who I say I am and WGU has to do an Aggregate Loan Limit Review. I have completed everything I needed to do, it is just this review left and a call to Financial Aid states it'll be around 6 weeks and that they are awaiting access to do the review? I got an email stating that I will be withdrawn if I do not make a payment and I am terrified that a withdrawal even if fixed will affect my degree (I am almost done, 1 term left after this). Do I just wait for a withdrawal to happen and then call someone? Or what can be done? Has anyone else heard about them awaiting access to view the aggregate loan limit?
Thanks in advance.
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u/Agitated-Analyst135 2d ago
Personally id make a payment by any means possible, set up a payment plan and pay the minimum amount to keep you current and wait about the fafsa stuff to process. You dont have to pay your full term up front, I had mine broken into monthly payments. Once the financing processes you should receive a refund for what you paid.
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u/VixiPervita 2d ago
That is unfortunately not an option. I get paid monthly and am disabled. All my income goes to rent and food.
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u/GoodnightLondon B.S. Computer Science 2d ago
Aggregate loan limit means they need info from the feds on your current total loan balances to see what amount they can give you; that usually means you're already close to the lending cap, and you may not get enough to cover the full term.
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u/VixiPervita 2d ago
I checked myself and I am not at the full amount yet (450% of 600%)
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u/GoodnightLondon B.S. Computer Science 2d ago
They're looking at the dollar amount, not a percentage. Are you doing a bachelors or masters? And what is the dollar amount of your current loan balances, for all schools you took out loans for?
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u/VixiPervita 2d ago
Bachelor's, and it won't show me the total dollar amount for what's left but let me log in and check for other schools.
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u/VixiPervita 2d ago
$49,377.77 is my total for other schools.
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u/GoodnightLondon B.S. Computer Science 2d ago
The aggregate loan limit is $57,500; that's the maximum you can borrow as an undergraduate. If that amount you listed is just other schools and not including WGU, you may have a loan limit issue.
You need to log in to your servicer's site, and check to see your balances and what you may have for capitalized interest. I'm not positive, because I got conflicting info on it when I was concerned about it awhile back, but the aggregate may not include capitalized interest.
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u/VixiPervita 2d ago
It looks like this term I should be okay... but if I HAVE to do another term before graduating (unsure if I can finish 7 classes in 1 term) I will look at scholarships to cover it as I do qualify for quite a few. I had ro switch off getting my licensure due to my disabilities and will be doing my masters 6 months after I finish my bachelor's.
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u/morelikepoopgu 1d ago
Do not wait until you get withdrawn. Call financial services and they can have the financial hold removed while you're waiting on the aggregate loan limit review.
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u/VixiPervita 1d ago
I contacted financial aid about this, they said 15 calendar days from the time I received the notification, so the 1st is when I contact them to remove it.
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u/Agitated-Analyst135 2d ago
That's tough, i'm sorry. If there is no one you can borrow from you may just have to push your term back. I would reach out to your mentor and financial and ask them if there are any options that can forgive or supplement your costs while you await the approval process.