1. What type of aid is available for undergraduate students?
• Federal PELL Grant - Targeted to highest need students
• Federal SEOG Grant - Targeted to Federal Pell Grant recipients
• Federal Subsidized Stafford Loan - Based on need. Interest-free while you are in school and for six months after your last day of class.
• Federal Unsubsidized Stafford Loan - Not based on need. Interest (for which you are responsible) 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 principal when you go into repayment (six months after your last day of class).
• Federal PLUS Loan - Available to parents of dependent students. Interest accrues while you are in school. Repayment begins 60 days after the loan is fully disbursed for the academic year.

2. What type of aid is available for graduate students?
• Federal Subsidized Stafford Loan - Based on need. Interest-free while you are in school and for six months after your last day of class.
• Federal Unsubsidized Stafford Loan - Not based on need. Interest (for which you are responsible) 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 principal when you go into repayment (six months after your last day of class).

3. How much can I borrow?
The maximum amounts available are listed below.*

	AAB Program – dependent students $3,500 Year 1 $4,500 Year 2 AAB Program – independent students $7,500 Year 1 $8,500 Year 2 BBA and BSM Programs – dependent students $4,500 Year 1 (if less than 48 hours transferred), or $5,500 Year 2 (if 48 or more hours transferred) Year 2 is prorated based on credits and weeks remaining. BBA and BSM Programs– independent students $8,500 Year 1 (if less than 48 hours transferred), or $10,500 Year 2 (if 48 or more hours transferred) Year 2 is prorated based on credits and weeks remaining. *Please note: Maximum amounts are listed above; you may or may not qualify for the maximum. MBA and MSM Degree Programs - Base of $8,500 for each loan year of at least 24 credits and 30 weeks; varies by program. The maximum loan limit can exceed the direct costs of tuition and books. Second loan year may be prorated based on credits and weeks remaining. MLA, MASL, and MAED Degree Programs - Amount varies by enrollment period, number of credit hours, and length of courses (or number of class sessions). Maximum loan eligibility can exceed the direct costs of tuition and books. There are some exceptions to FA eligibility listed below: • Financial aid cannot be awarded for the MASL Directed Field Experience (DFE). • Continuing Education courses do not qualify for financial aid.

4. Are any scholarships available?
Baker University does not offer any institutional scholarships, however addition funds may be available through one or more of the following sources:
fastWEB - Financial Aid Search Through the Web
FinAid - unusual sources of funding links
Free college scholarship search through American Educational Guidance Center
Free college scholarship search through CollegeBoard
Free college scholarship search through Scholarhips.com, LLC
Kansas College Planning
The Financial Aid Information
Minority scholarship links
Scholarships for all minorities
American Indian College Fund provides funding and assistance
Scholarships for Latino students
Hispanic scholarship fund
International Education Financial Aid   Provides a free searchable database of scholarships for international students
United Negro College Fund
ESA Foundation Scholarships

5. What is the timeframe involved in receiving my funds?
Once the official roster has been issued verifying you are attending class, your loan application will be certified. You will receive an Award Letter via U.S. mail approximately 2-3 weeks after starting class. You should sign the award letter and return it to us immediately so the first loan funds can be disbursed.  Please note: Your award letter will state the disbursement dates that the lender will issue your funds, not the dates funds will actually be posted to your account.

6. How do I receive my funds?
Your loan funds will be disbursed directly to Baker University either electronically or by paper check. You will be mailed notification when EFT funds have been applied by Accounting.  Please be aware that you must currently be attending class before the scheduled disbursement will be released. 
• Paper checks are made co-payable by the lender to you and Baker University.
Checks will be mailed to you for endorsement, and must be returned to our Accounting Office in order for the money to be posted to your account.
There are usually two disbursements per loan period: the first near the beginning of your course work, and the second after you have earned half of the credits for the loan period.

7. How do I receive any credit balance?
Many students opt to keep their money on account for ease of subsequent payments. However, if you choose to have the credit balance returned, it is important that the EFT release form or the endorsed check(s) be returned to us immediately. Checks for financial aid credit balances will be mailed to your home address approximately two weeks after our Accounting Office receives your endorsed loan check(s) and/or request for credit balance.

8. How do I defer my undergraduate student loans?
You must contact your current loan servicer(s) and request an “In-School Deferment Form” (either Direct Loan or FFELP). You will need to complete and mail the form to our Academic Records Department at Baker University, 8001 College Blvd., Ste. 100, Overland Park, KS 66210. The form will then be completed and returned to your loan servicer(s) once your class has started.

9. When do I begin making payments?
Federal Stafford Loan repayment begins 6 months after your last date of class attendance. Federal PLUS loan repayment begins 60 days after the second half of the loan has been disbursed by the lender for the academic year.

10. How often do I have to reapply?
Business Degree Programs: Financial aid is limited to a maximum loan year of 12 months. The first loan amount will cover, at minimum, the first 24 credits and 30 weeks of your program. You will need to complete a new FAFSA and other forms before your second loan year. If the second loan year is less than 24 credits and 30 weeks, your second loan amount will be prorated based on the credit hours remaining in your program.
GLAE Degree Programs: Financial aid is limited to a maximum loan period of 12 months, or the consecutive terms in which you are enrolled. You may need to complete a new FAFSA and other forms to renew your aid for each enrollment period. You must be continuously enrolled in order to receive financial aid. That is, you must be enrolled in at least one course per term (Fall I, Fall II, and Interterm; or Spring I and Spring II; or Summer I and Summer II).

11. What happens if I withdraw?
Financial Aid is based on the percentage of time that you remain enrolled. If you plan to withdraw from a course or a program, you must notify our Student Services Office in writing.  A refund calculation will be calculated once the Student Services office provides us with official notification of your withdrawal.  Institutional charges and financial aid are adjusted once the withdrawal date is determined. For more details, refer to our current Course Catalog and Student Handbook.

12. What is a ‘Leave of Absence’?
If you experience a serious medical, family, or scheduling problem greater than two weeks, you can request a Leave of Absence. In order not to jeopardize your FA, this Leave is not to exceed 90 days per 12-month period. It is possible for more than one Leave to be granted, provided the total days of leave do not exceed more than 90 days per 12-month period.
Your first step should be to contact Student Services immediately regarding any proposed schedule change. If approved by Student Services, you must then request your Leave of Absence in writing prior to beginning your Leave. Letters should be directed to our Financial Aid Office and must bear your signature per the requirements of the U.S. Department of Education. Because of the signature requirement, we request that you mail or fax us your request. Electronic signatures are not valid in this instance. In emergency situations, we may accept your written request after Leave has begun. Your loan repayment will not begin during this time period provided you have followed the steps necessary to gain an approved Leave of Absence. If you do not return from your approved Leave of Absence, your lender will use your last day of class attendance prior to your Leave when calculating repayment scheduling.

13. What is Baker’s School Code?
The Title IV School Code for all Baker University campuses is: 001903.

14. How does company reimbursement affect my aid?
You can still apply for federal aid even if you will receive 100% company reimbursement for tuition and books. However, estimated company reimbursement, VA benefits, and outside scholarships must be taken into account when aid eligibility is determined.