NU Salem Campus

 

How to Apply for Financial Aid

Students should apply for financial aid at least six weeks before the start of a semester, and are awarded on a first come first serve basis. To complete your application 2 steps are required:

1. Complete an Admissions Application 

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  fill it out online.

2. Free Application for Federal Student Aid (FAFSA)

The FAFSA is required by all schools that offer federal or state aid. To complete the FAFSA, visit www.fafsa.gov. The Northwest University FAFSA School Code is 003783 (Note: Your social security number is required to complete a FAFSA, – Higher Education Act of 1965.)

The 2019-2020 FAFSA Opens on October 1st, 2018.

 

Types of Aid – NU Salem

Students at the Northwest University Salem Campus can qualify for federal aid.

Federal Aid Available

PELL Grant
Subsidized Stafford Loan
Unsubsidized Stafford Loan
PLUS Loan

 

After Completing your Application

1. If you are Selected for Verification
The Department of Education selects about 30% of applicants for a process called verification. You will know if you are selected when you receive your Award Letter or your Student Aid Report (SAR).  Until verification is completed, the financial aid package is estimated and subject to change per federal regulations, and must be confirmed once verification is completed. Verification must be completed before financial aid can be disbursed.

2. Turn in your Award Letter and Other Documents.
An Award Letter will be available once you are accepted to the University, our office has reviewed your FAFSA, and you have turned in any other necessary documentation. To accept your award package you will need to sign the Statement of Conditions either online or by paper copy.

Your Award Letter will also list any additional documents that our office will need from you before your financial aid can be disbursed to your student account.

3. Report Funds from Other Sources.
Aid received from outside sources may affect your aid eligibility. Additional aid sources may include: Outside Scholarships, Stipends, Veterans Education Benefits, etc.

4. Awards may Change; Know the Requirements.
Some awards are estimated… Based on estimated aid from outside NU or the government, as well enrollment status (1/2 time or full time) determines the actual amount, or based on awards you received during previous semesters.

Your awards may be revised if we receive updated information that requires it. Federal regulations prohibit you from receiving more financial aid than your cost of attendance.

5. Estimate Your Costs
Once your financial aid award has been finalized you can use this information to compare with your Salem’s cost of attendance and come up with an estimate of your total cost after financial aid.