Financial Aid

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Applying for Aid - 2014-15 (Summer 2014, Fall 2014, and Spring 2015)

Welcome! As a new BW student, you may have questions about financial aid at Baldwin Wallace University. Basic information about federal, state, and BW financial aid is available on our website, www.bw.edu/finaid. Specific information about applying for financial aid at BW is outlined for you below. Please note that the Financial Aid Office (FAO) can only package financial aid awards for accepted students. The 2014-15 academic year includes Summer 2014, Fall 2014, and Spring 2015.

  • You will need a Federal PIN (Personal Identification Number) from the Department of Education to electronically sign your financial aid application (FAFSA). Apply for your PIN (or have it resent if you have forgotten it) online . It’s best to have your PIN before you start your FAFSA, but you will have the opportunity to apply for it before you submit your FAFSA online. If you are a dependent student, a parent will also need a Federal PIN to sign your FAFSA.
    • Optional: Visit the FAFSA website to print a copy of the FAFSA on the Web Worksheet. The worksheet is designed to help you gather the information you’ll need to complete the FAFSA before you actually sit down to do it.
  • Complete the FAFSA online. Make sure you are completing it for the correct academic year. The summer term is always the first term of the academic year for financial aid purposes at BW. Be sure to include BW's federal school code, 003014, on your FAFSA so your results are sent to the FAO.
    • If possible, we encourage you to wait until you file your 2013 Federal Tax Return with the IRS before you complete your 2014-15 FAFSA. Approximately two weeks after you file your 2013 Federal Tax Return, you should start your 2014-15 FAFSA and use the IRS Data Retrieval tool to import your 2013 tax information directly into your FAFSA. If you do not use the IRS Data Retrieval tool to complete your FAFSA, or are unable to use the tool for any reason, you may be required to submit additional information to the FAO before your financial aid award can be finalized. More information about the verification process can be found here.
  • Monitor the email address you provided to BW on your application for admission and your BW email address (if one has been assigned to you at this point). If additional information is required from you, the FAO will contact you via the email address you provided on your application for admission, and a letter sent to your home.
    • If you are an independent student, you will be required to complete an Enrollment Worksheet. The worksheet can be obtained from the Forms page on our website.  Be sure you are completing an Enrollment Worksheet for the correct academic year.
  • After reviewing your FAFSA information (and Enrollment Worksheet, if applicable), the FAO will determine your eligibility for financial aid. You will receive a Financial Aid Award envelope in the mail which will have your Award Letter and other important information that will be helpful to you as a new student. You can also access your Award Letter online.
     
  • Make sure to register for the classes by the Financial Aid Lock Date (as described in the Financial Aid FAQ), since the Financial Aid Office uses this enrollment date for determining the cost of education in the Financial Aid Award.
  • Be sure to review your Financial Aid Award Letter and carefully read the information presented. Additional action on your part will be required for certain types of financial aid:
    • Federal Direct Loans (if they have been offered to you) require you to complete requirements before the funds can be disbursed to your student account at BW. More information, including step-by-step instructions for this process can be found here.
    • PLUS, Private education loans, or GradPLUS loans that are included as part of your financial aid award require an application separate from the FAFSA. PLUS is a loan for parents of dependent students only. GradPLUS is a loan for graduate students only. Private education loans can be used by any student or parent of a dependent student. Review the information here for more details.
  • Consider applying for scholarships from resources outside of BW. The FAO maintains a list of opportunities here.

Federal law governing financial aid allow the FAO to recalculate financial need in cases of special circumstances not taken into consideration by the FAFSA. Families may submit additional information when there has been a change in circumstances. Please review our Special Circumstance Review Request information to read the policy and download the Special Circumstance Review Request packet.

 

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