GENERAL FAQs

Do I have to apply for Financial Aid every year?

Yes, students need to submit a Walsh Application for Financial Aid and FAFSA (if applicable) to Walsh each year to be considered for financial aid. Renewal information can be found here.

What is the typical financial aid offer?

Financial aid award packages vary depending on a student's completed FAFSA. Federal and State grants are on a need-based scale and eligibility will be determined by the family income. A majority of the academic scholarships available to students are directly correlated to the student's overall GPA and ACT or SAT test scores. For full-tuition scholarships and a few other scholarship opportunities, an interview will be required. For more information regarding all scholarship opportunities, please contact the Office of Admissions. More information about scholarships available at Walsh can be found here.

How much do I owe?

A student’s out-of-pocket cost can be calculated by subtracting financial aid from actual billed charges.  Charges are billed a semester at a time, and Walsh University does not mail invoices.  Always refer to the account statement on your Student Account Center for the most up-to-date information.

SCHOLARSHIP FAQs

Are Athletic scholarships available?

Walsh is a member of NCAA Division II. Athletic scholarships vary in amounts and are determined by athletic coaches. All athletic scholarships are awarded in compliance with NCAA regulations.

Does Walsh accept outside scholarships or grants?

Walsh University will accept outside scholarships as long as the scholarships and grants do not exceed the student’s direct cost (tuition and general fees) of attending Walsh University.  If a scholarship exceeds direct cost, then the financial aid office begins adjusting your offer by reducing the self-help portion (loans and federal work-study). If there are no loans or federal work-study to reduce, then a portion of your Walsh gift aid may be adjusted.

FAFSA/VERIFICATION FAQs

What is FAFSA and how to I apply?

Information obtained from the Free Application for Federal Student Aid (FAFSA) will determine what federal and state aid the student is eligible to receive. The information required to complete the FAFSA is based on both parent and student tax information. All of the universities listed on the FAFSA form will automatically receive the student's FAFSA results. Completing the FAFSA each year is required to apply for federal and state aid, including federal loans. File the FAFSA electronically at www.studentaid.gov and use your FSA ID to sign it. You can create or retrieve your FSA ID hereMake sure to add Walsh University on the FAFSA by using our federal school code (003135). Federal school codes allow institutions to have electronic access to your FAFSA application data, in order to calculate your financial aid package.

I completed my FAFSA – what happens next?

Incoming freshmen/transfers: as long as you have been accepted and Walsh receives your FAFSA results, you will receive a financial aid package from us. Shortly thereafter, an Admissions Representative will contact the student to explain and discuss the student's aid.

All other students: once Walsh receives your FAFSA and Walsh Application for Financial Aid, you will be in line to be awarded.  Once your financial aid package offer is completed, a notification will be emailed.

How do I know if I am dependent or independent for financial aid purposes?

If the FAFSA considers you a dependent student for financial aid purposes, then you must include your parental information on the FAFSA. Not being claimed on a parent’s tax return does not make a student independent. Additional information regarding dependency status can be found at studentaid.gov.

What is verification and what is required?

Federal verification is a process which requires institutions to verify the accuracy of the information provided on a student's FAFSA in an effort to ensure that federal aid is distributed to those who are eligible.  Most applications are randomly selected. After filing your FAFSA, you may be notified that you have been chosen for a process called Verification. If you are selected for Verification, you will be required to submit a copy of your/your spouse's tax return transcript, a copy of your parents' tax return transcript (if a dependent student) and a Verification Worksheet. These forms will be requested at a later date if needed and are NOT to be submitted with your FAFSA.

FEDERAL LOAN FAQs

What is the difference between a Direct Subsidized Loan and a Direct Unsubsidized Loan?

A subsidized loan is need-based and its interest is waived while you are enrolled at least part-time in college. An unsubsidized loan is not need-based and you are responsible for the interest from the time of disbursement.  Additional information can be found on the federal website studentaid.gov.