Answered By: Tiffany Beverly
Last Updated: Jan 23, 2017     Views: 545

When will I be awarded financial aid?

 

You are normally awarded financial aid within 4 weeks of the start of the term. However, the following conditions could affect your award time:

  • If you submit your FAFSA close to or after the start date, it normally takes 5 business days for the government to send us your information. Once we receive this, it takes the Financial Aid office 7 business days to award your aid.
     
  • If you are near your lifetime limit, your account must go through a manual review process prior to awarding. This process takes 2 weeks from the receipt of your FAFSA. To see if your file requires manual review, go to the myFinAid portal and select the Messages tab.

 

  • If you are applying for a GradPlus Loan, you must complete a credit application and promissory note with your loan application. We normally receive your credit decision within 3 business days. From that point it takes an additional 7-14 business days to award you.

For more details regarding our awarding process and time frames, please see our awarding video.

Video:  Understanding the Walden Financial Aid Awarding Process

(4 min 36 sec)

 

Do you have other questions about financial aid?  Call us at 800-925-3368 or email us at finaid@mail.waldenu.edu.

 

 

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