1. Submit the Free Application for Federal Student Aid (FAFSA) electronically to the Federal Processing Center at least 45 days prior to the start of the academic term (or program start date for new students). Please use the following information when completing the FAFSA:
- Walden’s Title IV Code: 025042
- Loans starting 6/01/05 and after complete a 2005/2006 FAFSA, Loans starting 6/1/06 and after complete a 2006/2007 FAFSA
- If you have questions while completing the form, please call the FAFSA help line at 800-801-0576
- Visit the FAFSA Web site to submit the FAFSA electronically now - http://www.fafsa.ed.gov/
- To receive a hard copy financial aid packet, please contact the financial aid office at finaid@waldenu.edu or call 800-444-6795 option 2, then option 1.
2. Upon receipt of your FAFSA, the Federal Processing Center will analyze your application and forward a Student Aid Report (SAR) to you and the Walden University financial aid office within 3 - 5 business days. Once the FAFSA is received by the financial aid office, you may begin viewing the Walden University Online Financial Aid System to monitor the status of your financial aid application.
3. If you are selected for verification, the U.S. Department of Education requires that Walden collect additional information from you. To continue consideration of your application, you will be required to submit a verification worksheet to the financial aid office.
4. Award Notification:
Upon determining your eligibility for loans and Pell Grants the financial aid office notifies you by email that the award is available for viewing on the Walden University Online Financial Aid System. You must complete the Master Promissory Note (MPN) and entrance interview and return the Award Acknowledgment Form to the financial aid office.
5. Loan Guarantee:
The financial aid office electronically transmits your loan information to the Guarantee Agency. The Guarantee Agency verifies that you do not have an outstanding defaulted or current student loan at another school. If everything is in order, your loan is guaranteed and your lender and the financial aid office are notified of loan approval.
6. Loan Disbursement:
Your lender divides your total loan amount into three equal disbursements that are sent to Walden 10 days after the beginning of each academic term. The Guarantee Agency/Lender sends you a Notice of Loan Guarantee & Disclosure shortly after your first disbursement.
7. Pell Grants:
Pell Grants are automatically credited to a student’s account 10 days after to the start of each quarter.
