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Financial Aid

Conditions of Financial Aid Award

Your Responsibility:
The financial aid award package is contingent on your eligibility at the time of disbursement.

  1. Accept or Decline your aid in writing or online at > MyCWU > Sign In > Financial Toolbox >  Accept/Decline Awards.
  2. Cancel aid offers from other schools.
  3. Matriculate (be enrolled in a degree program) at Central Washington University.
  4. Loans and institutional aid require a minimum of 6 credits. Graduates need to be enrolled in 5 credits at the 501 level or higher. Tuition waivers cannot exceed tuition charges. Adjustments will be made as necessary.
  5. Inform the Financial Aid Office in writing or e-mail if you have grant aid and enroll in less than 12 credits; your aid will be adjusted if necessary.  
  6. Aid will be adjusted according to your enrollment at the end of the Add/Drop change of schedule period. Aid cannot be re-awarded for late enrollment.
  7. Make satisfactory progress toward a degree and maintain enrollment status at the level needed for awarded aid (see CWU Satisfactory Progress Policy at  
  8. Keep address, phone number, and e-mail current on > MyCWU.
  9. Frequently check Outlook e-mail and your “To Do List” and Financial Toolbox on MyCWU.
  10. Repay all or part of this financial aid should you withdraw, drop, or fail to attend during the quarter in which you receive a financial aid disbursement. The amount of repayment owed will be calculated in accordance with the CWU Return of Funds Policy.
  11. First time borrowers must complete New Borrowers Entrance Counseling and sign a Promissory Note at
  12. Parents taking out a PLUS loan must complete the online PLUS Request process each time a new loan is made, and complete a Parent PLUS Master Promissory Note at the first time they borrow for each student. The parent completing the online PLUS Request and MPN must sign into the website using the FAFSA PIN issued to them.

NOTE:  February 1 is the priority deadline for FAFSA application and April 1 is the priority deadline for providing all verification and other requested documents. If you are submitting an application or verification documents after the priority deadlines, you should have a contingency plan for paying your charges because aid may not be ready by the due date. Awards are made on a funds-available basis. Respond immediately to any requests for additional information.

You must Accept or Decline your aid on-line at MyCWU > Sign In > Financial Toolbox >  Accept/Decline Awards.  If a revision is made to your award, it will be posted on MyCWU > Sign In > Financial Toolbox >  View Financial Aid and a notice sent to your Outlook e-mail. All conditions as stated will apply to revisions and all financial aid offered.

Central Washington University reserves the right, in accordance with applicable state and federal guidelines, to reduce, cancel, or change student awards if funds are insufficient to meet the needs of all students who have been awarded. All awards offered by Central Washington University, and all funds received from Central Washington University, are subject to the conditions, instructions, and student responsibilities outlined in this notification form and other publications, policies, and procedures produced or distributed by the Financial Aid Office. Tuition Waivers may be reduced, changed, or eliminated if the student receives other aid that is restricted to paying tuition and the total waiver amount exceeds the actual tuition amount.

SCHOLARSHIPS/GRANTS/RESOURCES: Federal regulations require that scholarships, grants, and resources be considered a part of the total financial aid award and may reduce other financial aid. You are required to report outside scholarships, grants, and resources (such as guaranteed sources and DVR) to the Financial Aid Office.

WORK-STUDY EMPLOYMENT: Eligible students will receive the Work-Study Personnel Action Form in the mail soon after their initial award package if the FAFSA indicated interest in Work-Study. If you are interested but did not indicate so on the FAFSA, please contact the Financial Aid Office. Go to for details and to search the online Job Board. Contact Student Employment or Financial Aid if you have questions.

For Tax related issues please see

WARNING:  Any person who knowingly makes a false statement or a misrepresentation on forms used to apply for assistance shall be subject to a fine of not more than $20,000 and sent to prison or both per the U.S. Code, HEA of 1965.

Federally Guaranteed Loans

William D. Ford Federal Direct Loan Programs

Direct Loan programs provide federal education loans to students and parents of undergraduates. Federal student loans are guaranteed, meaning there is no credit check. Please review loan information and interest rates. Central Washington University uses the active confirmation process, meaning we will not process this aid unless you accept it. Sign onto MyCWU > Sign In > Financial Toolbox >  Accept/Decline Awards.

First-time Direct Loan student borrowers:

Federal Direct Subsidized Student Loan
A subsidized loan indicates that the student is not charged interest while enrolled in school. Repayment begins six months after the student is enrolled less than half time, and begins to accrue interest which is normally tax deductible. The amount of
the loan is determined by the student’s need and year in school (see below). Need = Cost of Attendance (COA) – (Expected Family Contribution (EFC) + resources + other aid).

Federal Direct Unsubsidized Student Loan
The unsubsidized loan accrues interest while the student is in school. You can either pay the interest as you go or it will be capitalized (added to your principal loan balance, thus increasing the amount you’ll repay). Independent undergraduate students may borrow an additional unsubsidized loan; this additional loan is also available to dependent students whose parents have been denied the PLUS. Repayment of the loan begins six months after the student is enrolled less than half time and interest is normally tax deductible.

Federal Direct Parent Loan for Undergraduate Students (PLUS)
Parent loans are not guaranteed. The parent must pass a credit check; if denied, the dependent student may borrow at the independent student level. A PLUS is an unsubsidized loan for a parent of a dependent student and may be used to meet “Expected Family Contribution” (EFC).

Parents may borrow an amount equal to “Cost of Attendance” less any other aid. Parent loans have an origination fee and accrue interest that is normally tax deductible. PLUS Borrowers may begin repayment 60-days after the final disbursement of the year OR upon request, defer payments while the student is in school. An additional request can be made to defer for 6 months after the dependent student graduates or drops below ½ time. Deferment request information will be sent to the borrower from the US Department of Education or one of their contracted servicers.

You will have an opportunity to reduce the amount of the loan through the online PLUS Request process at Please accept, reduce, or decline the Parent loan at MyCWU > Sign In > Financial Toolbox >  Accept/Decline Awards
In order to receive a Parent Loan, the parent must apply online through the PLUS Request process and sign an electronic Master Promissory Note
at: with their FAFSA PIN. This note is for one parent and one student. The parent who accepts this offer may be either a biological or adoptive parent and does not have to be the parent whose data appears on the FAFSA. A step parent may also borrow a PLUS loan, if their data appears on the FAFSA.

How much can I borrow?

All loans are limited to Cost of Attendance (COA) less other aid.
Students may borrow a student loan annually up to:

  • $3,500 freshman.
  • $4,500 sophomore.
  • $5,500 junior/senior/post baccalaureate/Teacher Certification.
  • $20,500 admitted to a masters program (unsubsidized loan only)

This loan will be subsidized to the extent that you have financial aid need (except for graduate masters students). All undergraduates and post baccalaureates are eligible for an additional $2,000 in unsubsidized loan.

Independent students (or a dependent student whose parents are denied a PLUS loan due to the credit check) can borrow annually additional unsubsidized loan up to:   

  • $4,000 freshman.
  • $4,000 sophomore.
  • $5,000 junior/senior/post baccalaureate

Lifetime limits:

  • $31,000 as a dependent undergraduate or post baccalaureate student. No more than $23,000 of this amount can be in subsidized loans.
  • $57,500 as an independent undergraduate or post baccalaureate student. No more than $23,000 of this amount may be in subsidized loans.
  • $138,500 as a graduate student. The graduate debt limit includes any Stafford Loans received for undergraduate study.

Perkins Loan

The Perkins Loan is a Subsidized federal campus-based program. Upon entering repayment interest is fixed at 5%. Repayment begins nine months after the student ceases to be enrolled at least halftime and is paid directly to the school where it was borrowed. This aid is limited. Interest on all federal education loans is normally tax deductible. Perkins is also awarded to students who are independent due to orphan, ward of court, etc., and to students with childcare expenses.

NOTE:  The student will receive an email when a loan has been disbursed. If a borrower wishes to cancel a loan after it has disbursed, he/she must inform the CWU Financial Aid Office within 14 days and return the refund check marked VOID. The loan will be backed off the student’s university account and the Loan Program will be repaid immediately. Any university charge that had been paid by the loan will become due and payable immediately.

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