Financial Aid1 and Tuition Help Center (2024)

Can I receive a federal financial aid refund?

You may be eligible to receive a refund if your financial aid/scholarships exceed the allowable charges on your student account.

Do I qualify for financial aid?

To receive aid from any of the federal student aid programs administered by Walden University’s Office of Financial Aid, you must meet all of the following criteria:

  • Be a U.S. citizen oreligible noncitizen;

  • Have a high school diploma or a recognized equivalent, such as General Educational Development (GED) certificate, or have completed a high school education in an approved homeschool setting;

  • Enroll in an eligible program as aregular studentseeking a degree or graduate certificate;

  • Enroll at least half time to be eligible for Direct Loan program funds;

  • Have a valid Social Security number (with the exception of students from the Republic of the Marshall Islands, Federated States of Micronesia, or the Republic of Palau);

  • Maintain satisfactory academic progress (SAP) standards, as outlined inWalden's Financial Aid policy;

  • Not be in default on a federal student loan and not owe money (overpayment) on a federal student grant; and

  • Not exceed the lifetime aggregate or annual loan limits without documentation that the debt has been reaffirmed.

Does financial aid pay for books and materials?

You can use your financial aid funds to pay for books and materials, but books are not automatically paid for out of your financial aid. If there is money left on your account after your tuition and fees are paid, you can use the excess funds to cover the cost of books and materials. If you are in need, and your financial aid process is complete, you can request a book advance 30 days before the start of the term. The book advance is an advance on your financial aid funds, up to $500.

Does my company offer tuition reduction for Walden programs?

Walden partners with organizations around the world to help support your educational goals. To find out if your employer partners with Walden, visitWaldenU.edu/Partnersor contact an Enrollment Specialist.

How do I apply for financial aid?

Applying for federal financial assistance is a two-part process consisting of (1) completion of theFree Application for Federal Student Aid (FAFSA)and notification of eligibility, and (2) acceptance of the financial aid offer and completion of the Master Promissory Note (MPN) and entrance counseling. This process takes approximately two to four weeks from the initial application through the receipt of funds. New students are strongly encouraged to complete the FAFSA at the same time they are applying for admission. Continuing students are required to complete a renewal FAFSA for each award year they are enrolled. A good practice is to complete the renewal FAFSA when it becomes available in October, but at least eight weeks prior to each award year renewal date.

How do I log in to the MyFinAid portal?

  • Open the myWalden portal atmy.waldenu.edu(log in with your Walden University e-mail address and password)

  • Choose “Finances”

  • Select “View Your myFinAid Account” to access your personal financial aid account

I filled out the wrong FAFSA, what should I do?

Log back in atstudentaid.govand complete the FAFSA for the correct year. If you completed the FAFSA for next year, it will be kept on file for use when next year’s FAFSA is required.

I’ve been accepted but my financial aid hasn’t been offered yet. Why?

Your file is normally reviewed within four weeks of the start of the term. However, the following conditions could affect how long this review will take:

  • If you submit your FAFSA close to or after your start date, it normally takes five business days for the government to send us your information. Once we receive your information, it takes the Office of Financial Aid approximately seven business days to determine your financial aid offer.

  • If you are near your lifetime limit of federal loans, your account must go through a manual review process before we can determine how much financial aid you are eligible to receive. This process takes two weeks from the receipt of your FAFSA. To see if your file requires manual review, go to your myFinAid portal and select the "Documents & Messages” tab.

  • If you are applying for a Graduate PLUS Loan, you must complete a credit application and promissory note with your loan application. We normally receive your credit decision within three business days. It takes an additional 7–14 business days to process your financial aid offer.

What are my payment options?

Credit Card
Walden University accepts Visa, Master Card, Discover or American Express.

Monthly Payment Plans
Walden University offers monthly payment plans with no interest. You can sign up for these plans and make your payments directly through your student portal.

Third-Party Assistance
You may have a third party—i.e., a civic organization, religious group, or your employer—pay for your tuition by submitting a voucher, purchase order, or letter of credit. Make sure you include your name, identification, term and course(s) being sponsored, the amount the sponsor wishes to pay, and the sponsor’s billing address and contact person.

Other
Walden University also accepts ACH (bank transfer), checks, and money orders. Wire remittance forms (domestic and international) are available upon request from the Bursar’s office.

What are some resources for alternative funding opportunities available to nursing students?

Many of these scholarships can be used to pay tuition while you are enrolled, while some can assist with loan repayment after graduation. Please contact the scholarship granter directly for information.Nurses.orgalso manages a comprehensive list of scholarships.

To learn more about financial aid and other funding options,request informationor speak with an enrollment specialist by calling844-768-1119. A list ofinternational toll-free phone numbersis available for students outside the United States.

What is the deadline to apply for financial aid?

The Office of Financial Aid processes offers on a rolling basis. It is strongly recommended that students complete their Financial Aid Application at the same time they are applying for admission or eight weeks prior to the renewal date of their existing loan. Students must have a complete Financial Aid Application within 30 days prior to the end of the term for funds to be processed for that term or financial aid award year. A complete Financial Aid Application includes all documents required for offering and disbursing financial aid funds.

What is Walden's Title IV Code for financial aid?

Walden’s Title IV Code is 025042.

What will happen to my financial aid if I fail a class?

If you fail a class, your financial aid account will be affected in two ways:

  • You will receive an F grade, which will affect your overall GPA. Keep in mind that you must maintain a 3.0 cumulative GPA as a graduate student and a 2.0 cumulative GPA if you are an undergraduate student to be eligible to receive financial aid.

  • Your account will have to be reviewed forReturn of Title IV Funding.

You should contact the Office of Financial Aid if you fail a class, make an enrollment change, or prior to withdrawing to get a better understanding of how your financial aid will be impacted.

When is funding disbursed?

You can find information regarding the financial aid disbursem*nt process for Course-Based and Tempo Learning®Programshere.

When would I receive my refund?

If there is any money left on your account after your tuition and fees are paid, the Office of the Bursar will send it to you as a refund within 14 days of the disbursem*nt date.

Where can I find the Authorization to Release Information form?

You can find the Authorization to Release Information formhere.

Where can I find the Book Advance Request form?

You can find the Book Advance Request formhere.

Which FAFSA do I need to fill out?

  • If you started your program on or after May 29, 2023, fill out the 2023–2024 FAFSA.

  • If you are starting your program on or after May 27, 2024, fill out the 2024–2025 FAFSA.

Why is it recommended that I include my Social Security number (SSN) on the online application for admission?

Walden University respects and understands the importance of privacy and security for our online customers and prospective students. It is important to include your SSN so we can match your admissions application to your FAFSA. Without your SSN we are unable start the financial aid process.

Will I have enough financial aid to pay for my entire program?

A variety of factors impact the overall cost of your program, and availability of financial aid including (but not limited to):

  • Length of time you are in your program

  • Transfer of credit eligibility

  • Fees associated with residencies

  • Cost of books and/or class materials

A Walden Enrollment Specialist can help you determine a personalized estimate of program cost to help guide you in your funding decisions.

Will lack of participation in my program or an enrollment change affect financial aid?

Yes. You must continue to participate in your courses to ensure you receive the entire amount of federal financial aid that has been offered to you. When students enroll for fewer credits in a term, their financial aid may be adjusted at the end of the “add/drop” period to reflect their current enrollment status. Please refer to theEnrollment Policy and Transfer of Credits for Financial Aidto determine your enrollment status.

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Financial Aid1 and Tuition Help Center (2024)

FAQs

How to answer why you need financial aid? ›

Explain the difficulties you are having meeting your needs. Describe changes in your life that have affected your ability to pay for college. For example, changes in your family's income or unexpected expenses may have caused a financial deficit. Provide evidence that you can handle your finances responsibly.

How do you answer Question 37 on FAFSA? ›

This is question 37 on the Free Application for Federal Student Aid (FAFSA®) PDF. Add the account balances of your (and if married, your spouse's) cash, savings, and checking accounts as of the day you submit your FAFSA form. Enter the total of all accounts as the total current balance.

Who can answer my FAFSA questions? ›

For Students, Parents, and Borrowers

The Federal Student Aid Information Center (FSAIC) can answer your and your students' general questions about the federal student aid programs and application process.

How do you answer Question 38 on FAFSA? ›

This is question 38 on the FAFSA. The response indicates the student's (and his/her spouse's) total net worth (current value minus debt) of current investments as of the day the FAFSA was completed.

How do you explain why you need financial assistance? ›

Body: Your financial situation and hardships

Make sure you describe your parents' occupation, any savings (like a 529 College Savings Account), and any student jobs. You might also discuss any sudden changes in fortune (e.g. parent fell ill or lost their job) that have ruined your original financial plans.

What is an example of a financial aid statement of need? ›

I am in need of financial assistance in order to attend college because I am a low-income student. I am the 1st child to attend the college. Although my parents gave me many supports, I received a limited financial assistance due to low family income.

What are three helpful hints for applying for the FAFSA three common mistakes? ›

Some of the most common FAFSA errors are: Leaving blank fields: Too many blanks may cause miscalculations and an application rejection. Enter a '0' or 'not applicable' instead of leaving a blank. Using commas or decimal points in numeric fields: Always round to the nearest dollar.

Does FAFSA check your bank account? ›

Students selected for verification of their FAFSA form may wonder, “Does FAFSA check your bank accounts?” FAFSA does not directly view the student's or parent's bank accounts.

What is the 88 question on the FAFSA? ›

This is question 88c on the Free Application for Federal Student Aid (FAFSA®) PDF. Enter the total amount of taxable earnings your parents received in 2021 from Federal Work-Study or other need-based work programs, such as fellowships and assistantships. Federal Work-Study is income earned from work.

What should I not report on FAFSA? ›

Cars, computers, furniture, books, boats, appliances, clothing, and other personal property are not reported as assets on the FAFSA. Home maintenance expenses are also not reported as assets on the FAFSA, since the net worth of the family's principal place of residence is not reported as an asset.

At what age do colleges stop looking at parents' income? ›

Declare Yourself Independent for Financial Aid. A student age 24 or older by Dec. 31 of the award year is considered independent for federal financial aid purposes.

Can you be denied FAFSA? ›

According to the office of federal student aid, some applications can be denied because applicants did not meet the basic eligibility requirements. These include: Having demonstrated financial need for need-based federal student aid programs. Being a U.S. citizen or an eligible non-citizen.

What is question 36 on the FAFSA? ›

This is question 36 on the Free Application for Federal Student Aid (FAFSA®) PDF. This question can't be left blank if your marital status is married. Find the scenario that best fits your spouse's tax filing status.

What is the question 40 on the FAFSA? ›

Total current balance of cash, savings, and checking accounts. Include the balance of your (and your spouse's) cash, savings, and checking accounts as of the date the FAFSA is completed.

What is question 70 on FAFSA? ›

This is question 70 on the Free Application for Federal Student Aid (FAFSA®) PDF. Enter the number of people in your parents' household who will attend college between July 1, 2023, and June 30, 2024. Include. yourself, even if you'll attend college less than half-time in 2023–24, and.

Why would you apply for financial aid? ›

Filing for financial aid shows colleges that you are concerned about the cost of an education and that you're looking to save money. If the financial aid offered to your student doesn't meet your expectations, they can write an appeal letter.

Should I say I am applying for need-based financial aid? ›

If you intend to file the FAFSA when submitting your college applications, check the box. Not checking the box, but then filing for aid, will only create confusion for the admissions office. They may reach out to you to clarify your intent, or they may simply consider you a full-pay family and not award aid.

How to demonstrate financial need? ›

Some documents that show evidence of financial need are bank statements, documentation from a sponsor, financial aid letters, or a letter from an employer showing annual salary.

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