How to Apply for Financial Aid
Financial aid is based on your individual financial need. Your financial need is calculated using a formula set by the U.S. Department of Education on their Free Application for Federal Student Aid website.
1. Complete the Free Application for Federal Student Aid (FAFSA). Once the form is completed, please print off the FAFSA confirmation page and keep it for your records.
2. Complete Baker’s financial aid application.
3. Complete the Title IV authorization form.
4. Complete the entrance counseling and loan application online. When completing the entrance counseling, choose the state “Kansas,” and your school is “Baker University SPGS-Overland Park.” When completing the loan application sign-on using your FSA ID. On the left side of the page click on “Complete MPN.” Your state will be “Kansas,” and the school is “Baker University, Baldwin City, KS.”
5. Submit additional documents as requested. You will be notified if additional documentation is required to complete your financial aid application. You can expedite your application by submitting all requested documentation within 10 business days of notification.
6. Accept or decline your award(s). You will be issued an award letter one to two weeks after beginning your program. You need to either accept or decline the funds available to you and return the form to our Financial Aid Office by the indicated due date via email, fax, or U.S. mail.
Kansas Nurse Educator Service Scholarship is awarded to MSN students who are Kansas residents and agree to teach in a nurse education program at a Kansas postsecondary educational institution. Recipients will teach one year for each year of assistance.
Outside Scholarships: Baker’s quarterly Outside Scholarship Newsletter lists many scholarship opportunities.
Federal Direct Stafford Unsubsidized Loans are not based on need. The interest rate is fixed, and Interest accrues while you are in school. You have the option of paying the interest while you’re in school or having it added to the principle when you go into repayment. A FAFSA is required annually.
Federal Direct Graduate PLUS Loans have a fixed interest rate, which accrues after funds are disbursed. They can be deferred as long as you are enrolled at least half time. The interest is added to the principle. A FAFSA is required annually.
Alternative Loans: A variety of alternative private credit-based student loans are available. Information about these loans is available from Baker’s Financial Aid Office.
We recommend that you exhaust all federal student loan eligibility before applying for a private credit loan. Private credit loans can help bridge the gap between the actual cost of your education and the amount the government allows you to borrow. Private loans are credit based and lenders will review your history of borrowing money and paying it back; therefore, they can be denied.
Here is a list of lenders that Baker University has worked with: elmselect.com. Enter Baker University.
All freshmen must have a credit-worthy coborrower, and upperclassmen with weak credit history may be required to have a coborrower. Repayment begins six months after you graduate, leave school, or drop to less than half-time enrollment. The minimum monthly payment is typically $50, and flexible repayment options are available.
Baker offers interest-free payment plans for students who choose to extend payments. The total amount due for the year after scholarships, grants, and loans are deducted is divided into payments beginning as early as July preceding the fall semester. Contact Nelnet Campus Commerce for additional information.