Step 1: Campus Visit
- At least a year before attending college, visit JBU's campus.
- Leave Your Visit Knowing Financial Aid:
- Applications required (federal, state, and/or institution)
- Aid available to you as a new student
- Policies regarding the electronic filing of the Free Application for Federal Student Aid (FAFSA) and/or corrections
- Remember: Each school will have different financial aid requirements, forms, deadlines, and policies!
Step 2: Apply for Aid Early!
- COMPLETE the Free Application for Federal Student Aid (FAFSA) before March 1. (Important Note: Parents living outside the U.S., please see our Special Instructions Page.)
- Request Personal Identification Numbers (PINs) for both the student and one parent before you file. This can be done at www.pin.ed.gov. The student's PIN and the parent's PIN become the required signatures on the FAFSA.
- RESEARCH private sources of scholarships. See "Researching Scholarships."
Step 3: The Student Aid Report (SAR)
- After you file the FAFSA, read the first page of the SAR as it contains important instructions.
- Find the EFC number (Expected Family Contribution).
- Review for accuracy. Make corrections as necessary. Please note: the school to which you apply can also make corrections for you. This may save you a lot of time!
Step 4: JBU Award Offer
- JBU will award financial aid as soon as the student is accepted to JBU and has a completed financial aid file (We will notify you if your file is incomplete.). The Financial Aid Office awards merit-based financial aid based on the requirements listed on our scholarship pages. JBU awards need-based financial aid to a student with financial aid need, as calculated by subtracting the student's EFC from JBU's cost of attendance. The total financial aid offer will not exceed a student's total cost of attendance. The student will receive an emailed award letter when the final financial aid offer is ready.
- Remember the initial offer may not be the last offer - it is generally only a starting point. Talk to your Admissions Counselor or Financial Aid Counselor if you have questions or need additional assistance.
Step 5: Determine How to Pay
- How much will you be able to use from your savings and other assets? (You may want to consider a home equity loan, passbook savings loan, or borrowing against the cash value of a life insurance policy.)
- How much will the student be able to save from summer or school year earnings?
- Do you want to use the monthly payment plan? (Divide the amount of financial aid that your savings will not cover for the semester, by five months, and pay each month beginning in July for the fall semester and January for the spring semester.)
- Investigate the Federal PLUS (parent) loan program to borrow some or all of what the aid offer and family savings do not cover. In addition, many lenders offer "alternative" educational loans to families with needs beyond the federal loan programs.
- If you have decided to borrow funds with a student loan, you can learn about Stafford loans on the loan portion of our website.
- Financial aid pays to a student's account after a student has attended the required number of classes. Until this point, the Business Office sees the financial aid as "pending."