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Financial Aid

Financing Options

B-W PLUS Loan

Baldwin-Wallace College is one of a handful of schools in the country -and the only school in Ohio - that offers an interest-subsidized parent loan. Based on the Federal PLUS Program, the B-W PLUS Loan gives families the opportunity to make affordable monthly payments to assist with the cost of education. We pay the interest that accrues on up to $12,000 for up to four years, while the undergraduate student is actively enrolled at Baldwin-Wallace College.

How Do I Apply for a B-W PLUS Loan?

Federal Subsidized and Unsubsidized Stafford Loans 

  • This low interest loan program is federally-sponsored.
  • The current interest rate is 6% (fixed) for Subsidized Stafford and 6.8% (fixed) for Unsubsidized Stafford.
  • Interest and principal payment begins six months after leaving college (or graduate school) or dropping below half-time status for longer than six months.
    Information from the Department of Education 

How do I apply for a Stafford Loan?

Federal Perkins Loan

  • This low interest loan program is federally-sponsored.
  • The interest rate is five percent.
  • Interest and principal payment begins nine months after leaving college or graduate school.
    Information from the Department of Education 

United Methodist Loan  

  • This loan is available to undergraduate and graduate students registered at least ½ time and maintaining satisfactory academic progress.
  • Student must be an active, full member of a United Methodist Church for at least one year prior to applications.
  • Applications may be obtained through the Office of Financial Aid or the United Methodist Church Office of Loans and Scholarships (615-340-7345).
  • For more information, please visit the United Methodist General Board Web Site.

Alternative Loans 

  • These loans are private (consumer) loans offered by lending institutions to offset the cost of education.
  • FAFSA filing is not required.
  • Applications are generally available online and must be filed each year.
  • In most cases, the interest rates and fees are variable.

Alternative Loan Chart

NOTE: Alternative loans are more expensive than federal loans and should only be used when all other options have been exhausted.