FAQs About Financial Aid

Posted by Sandy Lashin-Curewitz | March 15, 2016

For many students and their families, the thought of paying for a private education can raise some concerns. At Becker, we're committed to helping you finance the education of your dreams, and want you to understand exactly how you can do so. For our answers to some of the most frequently asked financial aid questions, read on.

What is the FAFSA? How can I complete it?

Financial Aid FAQs

The Free Application for Federal Student Aid (FAFSA) provides us with complete, consistent financial data from which to base your financial aid award. Starting this fall, students can access the FAFSA as early as October 1 and use data from their most recently completed tax return. (For entry in fall 2017, you'll use data from 2015.) With this new plan, called Prior-Prior Year, in place, you'll be given more time to complete your FAFSA and evaluate your awards ahead of deposit deadlines. (When filling out your FAFSA, use Becker's code: 002123.)

When will I receive my financial aid award?

After filing, you'll receive a Student Aid Report (SAR) from FAFSA. Soon after, you'll get your award letter from Becker, listing all of your eligible federal, state, and institutional aid sources. For an estimate of the amount of aid you might receive, see our Net Price Calculator.

What factors are financial aid awards based on?

Aid packages are determined using income, family size, number in college, assets, and more. We encourage all students, regardless of your parents' income, to apply for financial aid.

Is there any way my financial aid award could change?

Yes. Verification of your application, change in your family financial situation, failure to maintain academic progress, or not enrolling for the required number of hours to receive aid are all examples of things that could change your award.

Will I be considered for scholarships?

Yes, students who are accepted to Becker are automatically considered for institutional scholarships. Students should also research outside scholarships, including those found on College Board and FastWeb.com.

What financing options do you offer?

Depending on your financial need, we recommend the 5-month TMS Payment Plan, Direct Parent Loan (PLUS) for dependent students, or private loans. Discuss your financial situation with your parents to choose the plan that's best for you.

If we didn't address your questions here, reach out to the financial aid office. We'd love to talk more about making Becker affordable for you and your family.

Topics: Advice

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