Applying for federal financial assistance is a two-part process consisting of (1) application and notification of eligibility, and (2) completion of the Master Promissory Note (MPN), entrance counseling, and online Financial Aid Policy Review (FAPR) information. This process takes approximately two to four weeks from the initial application through the receipt of funds. Students are strongly encouraged to begin the application process at least eight weeks prior to the beginning of their start date or renewal date to ensure the following deadlines are met. If you need assistance as you go through the financial aid application process, please contact:
To apply for and receive federal aid, complete the following steps:
Complete Your FAFSA
Submit the Free Application for Federal Student Aid (FAFSA) electronically to the Federal Processing Center at least four weeks prior to the start of the academic term (or program start date for new students). Make sure to include Walden’s Title IV Code: 025042.
Fill out the 2014–2015 FAFSA if you are starting your program on or after June 1, 2014.
Fill out the 2015–2016 FAFSA if you are starting your program on or after June 1, 2015.
Upon receipt of your FAFSA, the Federal Processing Center will analyze your application and forward a Student Aid Report (SAR) to you and Walden’s Office of Financial Aid within three to five business days. Read the report carefully as it contains important information about eligibility for aid.
If you have questions while completing the form, call the FAFSA help line at 1-800-433-3243.
Complete Your File
Once the SAR is received by the Office of Financial Aid, you may begin using Walden’s online financial aid system (myFinAid) to monitor the status of your financial aid application. The myFinAid Web portal is the 24/7 source for financial aid information for students who complete the FAFSA.
Please be aware that at this stage in the process you may be selected for verification by the U.S. Department of Education. If this happens, Walden will need to collect additional information from you. Walden University strongly suggests that all students who are eligible and who filed a federal tax return use the IRS Data Retrieval tool when filling out their FAFSA on the Web. Using the IRS Data Retrieval tool may expedite the verification and awarding process.
Complete the Award Process
Once your eligibility is determined, you will receive an email from the Office of Financial Aid notifying you that the award is available on myFinAid.
Within 14 calendar days of receiving this notification, you will need to complete:
Receive Your Awards
Once you’ve accepted your awards, your lender will send your financial aid money to Walden. The total loan amount will be divided into three equal disbursements. These disbursements usually occur on the second Friday after the start of each term. When we receive those funds, we will apply them to your outstanding bill.
If there is any money left after your tuition and fees are paid, we’ll send it to you as a refund within 14 days of the disbursement date.
If you are an undergraduate student receiving a Pell Grant, it will be automatically credited to your account 10 days after the start of each term.
If you are a Minnesota GI Bill® (MGIB) financial aid recipient, please be aware that if you do not complete the required MGIB period of instruction, you may not be entitled to keep the full amount of MGIB financial aid disbursed.