The primary purpose of student financial assistance programs at Wallace Community College is to assist students with meeting the cost of their education. While all students are encouraged to apply it is ultimately the responsibility of the student and his/her family to finance their education. Financial assistance is meant to supplement the amount you and your family contribute, not replace it. There are many sources of financial aid, including federal, state, institutional and local funds. The main types of assistance available to students are grants, scholarships and work-study. Wallace Community College does not participate in the federal student loan program.