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:
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.
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 2017-2016 FAFSA opens on October 1st, 2016. The Priority Deadline is December 1st, 2016.
Types of Aid – NU Salem
Students at the Northwest University Salem Campus can qualify for federal aid, and The Salem Deans Memorial Scholarship Fund (for eligible students).
Please refer to the “Understanding Your Offer of Financial Aid – Extended Education: Salem & Sacramento” for more information.
Federal Aid & Institutional Aid Available
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 our office has reviewed both your FAFSA and your NU Financial Aid Application. To accept your award package, remember to first read all the terms and conditions, then submit a signed 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 & Determine a Payment Plan
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.
If your financial aid does not cover all of your charges you will need to work with Student Accounts, and there are a few commonly used options to cover remaining balances including:
Monthly payment plan through Tuition Management Systems (TMS) or, applying for a private student loan from a bank, credit union or lending institution.