Please follow the steps below to complete the financial aid process.
One of Northwest University’s goals is to make applying for financial aid as straightforward as possible. With that in mind, we have outlined the basic financial aid process.
Northwest University awards financial aid to students that have been approved for admission. To apply for admission, you must complete the Admission Application. You can either fill it out on-line, or download a copy and print it out, or call the Admissions Office at 1.800.669.3781 to request an application be mailed to you.
To apply for financial aid you need to complete a Free Application for Federal Student Aid (FAFSA) online. You will need to indicate on the FAFSA that you want Northwest University to receive a copy of your FAFSA by recording our Title IV School Code (003783) on the form. Please allow a few business days for the Federal Government to process the FAFSA and send the results to us. Read tips on completeing the FAFSA.
After you have been approved for admission and the results of the Free Application for Federal Student Aid (FASFA) and Northwest University Financial Aid Application has been received, the Financial Aid Services Office will determine what financial aid you are eligible for. Our priority deadline for financial aid is February 15th for the following Fall Semester, and November 1st for the following Spring Semester (for Spring admits). To be in this priority consideration, you will need to be approved for admission, the results of the Free Application for Federal Student Aid will need to be received by Northwest University, and the Northwest University Financial Aid Application will need to be submitted. Financial aid is still awarded after that date, but it is on a first come, first served basis.
Some forms of financial aid are awarded according to need from the Free Application for Federal Student Aid (FAFSA). This includes all Federal Aid, specific Washington State Aid, and specific Institutional Aid. Need is the difference between what it costs to attend a college and what your family is expected to pay. The basic formula to determine eligibility for need-based aid is:
Educational costs - Expected family contribution = Eligibility for need-based financial aid.
However, you do not necessarily have to be in a low-income category to qualify for financial aid. Many scholarships and grants from Northwest University and other sources are based on special achievements, academic performance, or special talents.
Once you have been awarded financial aid, the Financial Aid Services Office will mail you a packet of information. Included in this packet is an award letter that outlines the funds and amounts you are eligible for. This package of financial aid may include gift aid (grants and scholarships) and self-help aid (loans and work study). Any paperwork that is included will need to be completed and returned within 30 days of the date of the letter.
There will be two copies of the award letter. One copy is for you to keep, the second copy is for you to sign and return to the Financial Aid Services Office. You may decline any portion of your financial aid by crossing out the award and Initialing next to it.
Make sure you carefully read your award letter as important information is relayed to you through it. Sometimes, additional information is required by the Financial Aid Services Office to continue processing your financial aid. These missing documents (such as tax transcripts, Verification Worksheets, Loan Request Forms, etc.) are detailed on the award letter. Please be diligent in handing in missing information.
Verification, a federal process, requires Northwest University to check the accuracy of the information you and/or your parents reported when applying for Federal financial aid. Information is verified by securing additional documentation. There are a number of items that must be verified. The documents necessary to verify these items are described on your award letter. Corrections to the data will be submitted to the United States Department of Education, if necessary. A revised award letter of any specific actions needed or changes to your financial aid award will be sent to you either by mail or email. An award will not be disbursed and Federal loans will not be originated until verification is complete. If documents are not submitted within 30 days of request, the offer of financial assistance may be cancelled.
Financial aid is an on-going process. Even after all documents have been submitted, there still may be action needed to be taken by you. The Financial Aid Services Office will do their best to contact you if ever that need arises. However, it is a good idea to keep in contact with them just to make sure.