This loan is available, in whole or part, to degree-seeking students who demonstrate financial need. Federal processing fees equal three to four percent of the amount borrowed. The federal government pays the interest while the student is in school. This loan is available, in whole or part, to degree-seeking students who either do not meet the need requirement for, or wish to borrow in excess of, the amount available under the Federal Subsidized Stafford Loan. Federal processing fees equal three to four percent of the amount borrowed.
Students are responsible for the payment or capitalization of any interest accrued while in school.
This process takes approximately five to eight weeks from the initial application through the receipt of funds. A fully executed master promissory note and award letter must be on file in the Financial Aid Office no later than 15 days prior to the start of any quarter in which loan proceeds are being utilized to satisfy tuition obligations. Students should note that Walden's Title IV code is G25042. In accordance with U.S. Department of Education regulations, Walden University is required to verify the accuracy of financial aid application information on selected students. Students may be selected randomly for verification or may be selected on the basis of pre-determined edit check criteria.