Financial Aid for Graduate Students

The financial aid application at Baldwin Wallace University consists of the following:

If you already have a bachelor's degree, you are usually eligible to borrow a Federal Direct Loan to help cover the cost of your education. Once the financial aid application is complete, the eligibility for Federal Direct Loan funds will be calculated. Grant assistance from federal and state governments and BW are not available for degreed/graduate students.


Direct Unsubsidized Loans


  • Direct Unsubsidized Loans are available regardless of financial need.
  • Interest begins to accrue on the loan from the date of disbursement (i.e., while you are enrolled).

  • If you choose not to pay the interest while you are in school and during grace periods and deferment or forbearance periods, interest will accrue and be added to the principal amount of your loan.

  • Repayment on the loan (principal and interest) begins six months after your half-time enrollment status ends.

Maximum Loan Amounts

  • Graduate students can borrow up to $20,500 in Direct Student loans per academic year.

  • These are maximum amounts and may vary depending on your need and/or cost of education.

Interest Rates and Fees

View current interest rates and fees.

Registration Requirements

To qualify for a loan, you must be enrolled at least half time:

  • For graduate students (MBA, MAEd and Licensure+Master's programs), this equates to at least three credit hours per term.

  • For undergraduate students (earning a teaching licensure or second bachelor's degree), this equates to at least six credit hours per term.

You also must be registered half time by the end of the first week of the term AND on the date of disbursement.

Disbursement Information
Loan funds are distributed evenly among your half-time semesters in the given academic year and disbursed electronically at the beginning of each term directly into your BW billing account. If you only attend one semester in an academic year, the funds are split into equal disbursements at the beginning of the term and the middle of the term.

Federal Graduate and Professional Student PLUS Loans

Graduate and professional students are able to finance the remaining cost of their education through the Federal Graduate and Professional Student PLUS Loan Program.

Federal ID Code

BW's Federal ID Code: 003014

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