Financial Aid

Value = Quality + Affordability

Helpful Financial Aid Information/Links

1) Did you file the Free Application for Federal Student Aid (FAFSA)? 
If not, you should complete the FAFSA by going to
Before filing the FAFSA, you should first request a PIN number. For Dependent students, at least one parent must apply for a pin number to complete the electronic application.  You can apply for this PIN number at

Note: Remember to keep copies of your filed tax returns. The Central Processor randomly chooses 30% of the applications for verification. If you are selected, we will request copies of student and (if applicable) parent tax returns.

The Federal Student Aid Information Center can be contacted at 1-800-4-FED-AID

2) Are you up for verification?  Verification Information

3) If you're an Independent/Graduate Student, did you submit the Enrollment Worksheet For Independent Students, which allows us to calculate an accurate budget  based on the number of credit hours/program? Enrollment Worksheet For Independent Students  (It's Form #1 on our Forms Page)

4) Once your aid award is complete, we will send you an email regarding Your Electronic Award (YEA)
Did you access
Your Electronic Award ?
Note: If you have previously registered to view Your Electronic Award online, you may use your existing user ID and password to access the system. If not , you may  create an account. This user ID and password are separate from any accounts you have created with your school.

5) Is your Financial Aid Award accurate? For instance...If you've changed your housing status(Resident to commuter or vice versa), you should notify us, in writing, as soon as possible at

6) Did you Accept/Modify/Decline your Stafford and/or Perkins Loans in your Financial Aid Award?
All new students who wish to take advantage of the Stafford Loan Program must also choose a lender. We have a streamlined process with the lenders on our list, but you are welcome to choose another lender as long as you notify our office with the lender information ( )

7) Did you follow the steps for obtaining the Perkins Loan and Stafford Loan?
Perkins Loan promissory notes can be signed online. Students who have received  a Perkins Loan in their financial aid award will be contacted via BW email address the week before fall semester classes begin.

The links for those who need to sign their Stafford Loan Master Promissory Notes (MPNs) through Great Lakes or Sallie Mae are at the bottom of the Stafford Loan page. If you have a loan through another Lender/Guarantor/Servicer, you will have to obtain an MPN as well.

8) Did you consider a Federal Work Study job? Students who have been awarded Federal Work Study may wish to complete the necessary forms and look for jobs through the Student Employment Center

9)  Did you consider how to finance the remainder of your educational cost?

Direct Payment (Cashier's/Bursar's Office) - Paying the bill in full by the payment due date or financing through the college:
Note: The finance charge for late payment is a 1.33% monthly rate, 16% ANNUAL PERCENTAGE RATE (APR),  charged on all balances not paid by the payment due date shown on each billing statement. Specified minimum payments are required. Each semester�s charges must be paid in full prior to registration for the next term. Participation in an External Payment Plan is NOT exempt.

Borrowsmart - is a tool that can be used to help you figure out financing options.

PLUS Loan  - Federal PLUS Loans are non-need based student loans designed to help with the financing of a student's education and are available to parents of undergraduate students attending at least 1/2 time and maintaining satisfactory academic progress.

Private Education Loans (also known as Alternative Loans) are student loans with varying interest rates/terms.

Tuition Management Systems (TMS) Payment Plan - A monthly payment plan enables you to break your educational costs into easy-to-handle monthly payments rather than pay for the entire semester or year in one large sum. You pay only a small enrollment fee to participate. The amount of the fee is determined by your school. After enrolling, you simply make monthly payments to TMS.

Billing Statement Information:

The first billing statement will show charges for the following:

  • Fall semester tuition
  • Fall semester housing charge (resident students only)
  • Fall semester  board/Jacket Express charge (resident students only)
  • Student Health Insurance (may be waived; read on for more information)

You will also see certain types of financial �credits� on this billing statement:

  • Fall portions of BW Scholarships
  • Fall portions of BW Grants
  • Direct payments
  • Tuition deposit (if applicable)

On your next billing statement, you may see:

  • Mandatory student/athlete health insurance charge for fall sports
  • Credits for Federal financial aid grants (Pell Grant, AC Grant 1/2, SMART)
  • Credits for Federal loan programs (Perkins Loan, Stafford Loan, Parent PLUS, and/or Private education loans)
  • Credits for direct payments made to your account since the previous billing statement

Frequently Asked Questions About The Billing Statement:

Q: I changed my housing/registration status. Why isn�t this reflected on my billing statement?
A: Anything that has been adjusted after the date on this billing statement will appear on the next billing statement. 

For the most up-to-date student account information, log on to, and click on WebExpress. It�s available 24/7.
Can�t access WebExpress? Contact the HelpDesk at 440-826-7000.

Q: There is a charge of $375 for health insurance. I�m covered by another plan so I don�t need it. How do I get that charge removed?
A: Return the Student Insurance Waiver card, included with the billing statement, to our office. You can also download the card from our website: . Waivers must be received by September 30, 2009.

Q: My Pell Grant/AC Grant #1 /AC Grant #2/SMART Grant/PLUS/Stafford/Perkins isn�t showing up on this billing statement. Why?
A: These are types of federal financial aid. The federal government says we can�t credit these funds to your account until you start classes. When classes begin, log in to WebExpress to see these posted to your account. If the credits do not appear during the first week of classes, contact the Financial Aid Office ( 440-826-2108 or

Q: I received an outside scholarship and notified the Financial Aid Office. The scholarship shows up on my Award Letter but not as a credit on my billing statement. Why?
A: BW must receive the check from your scholarship benefactor before the scholarship can be credited to your account.

Q: What is �Pending Aid?� Why do some items under �Pending Aid� have asterisks (*), some have pound signs and asterisks (*#), and others don�t have either?
A: Pending aid lets you know the status of certain types of financial aid that can�t be posted to your account yet.

  • Pending Aid with a �#� means you have not completed all of the requirements for obtaining this aid. Contact the Financial Aid Office when you see a �#� only if you want to use this type of aid. If you are not interested in using the aid listed with a �#� you can disregard it.
  • Pending aid with an �*� is aid that is set to post to your student account. If it does not appear on your student account on WebExpress during the first week of classes, contact the Financial Aid Office.
  • Please note: when an �*� is after a Stafford or PLUS loan the amount actually credited to your account will be less than the amount you requested, due to fees deducted by your lender.
  • Pending Aid without a �#� or �*� should automatically appear on your student account during the first week of classes. Check WebExpress to ensure that your account has been credited accordingly.

Q: A Federal Perkins Loan is listed on my Financial Aid Award Letter. What do I need to do to receive it?
A: The Perkins Loan Office will contact you via your BW email address a week or so before school begins. This email will contain instructions on how to obtain your Perkins Loan. If you have questions, please contact the Perkins Loan Office ( 440-826-2218 or

Q: I have Federal Work-Study listed on my Financial Aid Award Letter, but I don't see it as a credit to my account. Why?
A: Until you have a job and start to work, you have not earned any wages that can be applied to your student account. When you have found a job, contact the Student Employment Center (440-826-3177 or ) for the different options you have to use your earnings.

Financial Obligations
All College charges and fees are due in full on the Friday of the first week of classes. It is suggested that all necessary applications for financial aid assistance be completed prior to the first day of classes. A finance charge will be added to any account balance remaining after the first week of classes.

Monthly billing statements will assess a finance charge, on any unpaid balance, until the account is paid in full. If full payment cannot be made by the first due date, the student should make alternate arrangements. The Bursar�s Office can assist with these arrangements to ensure that the account will be paid in full by the deadline.

Important Phone Numbers:
Bursar/Cashier�s Office 440-826-2217
Financial Aid Office 440-826-2108
Perkins Loan Office 440-826-2218
Student Employment Center 440-826-3177

Address: Bonds Administration Building, 275 Eastland Road, Berea, OH 44017.

Web Express

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