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DETERMINATION OF FINANCIAL NEED


Central to the financial aid process is the Free Application for Federal Student Aid (FAFSA), available from Baker University or high school guidance offices.  The FAFSA can also be located and completed on line at www.fafsa.ed.gov.  This federal form determines a student's eligibility for state and federal funds by analyzing income and asset data.  All recipients of Baker-funded aid must be enrolled full-time.

The Office of Financial Aid uses the FAFSA (Free Application for Federal Student Aid) to calculate the funds that can be expected from a family to meet educational costs at any college in the U.S. This expected family contribution is subtracted from an established budget at Baker to determine financial need. Federal and state regulations prohibit students from receiving need-based aid in excess of their calculated financial need. Recipients of federal or state grants, loans, or campus work must be U.S. citizens or eligible non-citizens.


INDEPENDENT AND DEPENDENT STUDENTS

Independent/dependent student status is determined on the FAFSA.  For 2004-2005, an independent student must be born before January 1, 1981; a veteran; a ward of the court or an orphan; married prior to the completion of the FAFSA; in graduate school; or supporting a child or dependent parent.


FINANCIAL AID DISBURSEMENT

Financial aid is disbursed through the Business Office at the beginning of each semester.  Employment checks are disbursed monthly.

 

Financial Aid Links:
Affordable Education
Application Process
Determination of Need
Baker Financial Aid
Federal & State Financial Aid
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