Apply for Financial Aid
Follow these steps to apply for financial aid and begin your climb at BU!
File the FAFSA
The first step is to file your FAFSA (Free Application for Federal Student Aid). It's free to file and you'll need to file each year while you're enrolled. This will help determine your eligibility for grants, loans, work-study jobs, and some types of scholarships.
FAFSA Simplification for 2024-2025 Academic Year
Due to the passing of the Free Applicaiton for Federal Student Aid (FAFSA) Simplification Act on December 27, 2020, as a part of the Consolidated Appropriations Act, the FAFSA is changing for the 2024-2025 aid year.
You can expect the following changes:
- The 2024-2025 FAFSA will not be available until╠řDecember 2023.
- The 2024-2025 FAFSA determines your financial aid eligibility for summer 2024, fall 2024 and spring 2025 terms.
- The FAFSA application process will be streamlined and easier for students to complete.
- New terminology will be added to the FAFSA.
We will continue to update this page as additional information becomes available.╠ř╠ř
FAFSA for 2023-2024 Academic Year
The 2023-2024╠řFAFSA╠ř(Free Application for Federal Student Aid) opens October 1, 2022, and we recommend completing╠řit as soon as possible.╠řIf you are a PA State resident, the deadline for the Pennsylvania╠řState Grant is May 1, 2023.
- Please use your first-choice campus Federal Title IV Code on the FAFSA:
Commonwealth University - ░─├┼┴¨║¤▓╩: 003315
Commonwealth University - Lock Haven: 003323
Commonwealth University - Mansfield: 003324
- Pennsylvania residents should╠řcomplete the FAFSA by May 1╠řfor potential state aid eligibility through PHEAA (Pennsylvania Higher Education Assistance Agency). You can apply for the Pennsylvania State╠řgrant╠řimmediately after completing the FAFSA through a link on the confirmation page or by visiting the and creating an account. Not a PA resident? Contact your state's higher education assistance agency to explore potential options.
To file your FAFSA, you'll need the following:
- Student and parent╠řFSA IDs
- Student and parent╠řSocial Security numbers
- Student and parent╠řprior, prior year federal income tax returns╠ř(include Schedule 1, 2 & 3 if applicable)╠řNote: The IRS Data Retrieval Tool (DRT) is an option within the FAFSA to automatically retrieve and transfer income and tax data from the IRS into the FAFSA. This is the preferred method, if possible.
- Student and parent╠řprior, prior year W-2 forms and other records of money earned
- Student and parent╠řprior, prior year untaxed income received including: workersÔÇÖ compensation, child support, payments to tax deferred pension, savings plans, etc.
- Current bank statements & records of stocks, bonds, 529 plans and other investments
Check Your Eligibility
To receive financial aid, there are certain eligibility requirements you'll need to meet before applying and to maintain after you're enrolled.
Get Your FSA ID
The FSA ID is a unique username and password you'll need to access all Federal Student Aid websites. You'll use it╠řfor multiple years so we recommend you store it in a safe location that you will remember. If you're a dependent student, your parent╠řwill need to create their own╠řparent FSA ID for use on these sites as well.
Apply for Scholarships
Each year, ░─├┼┴¨║¤▓╩ awards $9 million in scholarship╠řfunds╠ř- with $2.6 million awarded to incoming students - like you!
First-year and transfer students: most scholarships are awarded by the Admissions office. Students who apply prior to Jan.╠ř15 are given priority consideration. Students who are awarded a scholarship will receive an award notification, and the scholarship will be posted to the student's financial aid record.╠ř
Current students: Applications are available after Jan.╠ř1 and the deadline to apply is March 1.
Already Received a Scholarship?
Congratulations! Make sure to let us know and submit your scholarship checks and award letters to the:
Student Billing Office
336 Arts & Administration Building
400 E.╠řSecond St.
░─├┼┴¨║¤▓╩, PA 17815
Receive and Review Your Financial Aid Notification
Once your FAFSA is processed, your financial aid will be determined.
You'll receive a Financial Aid award notice electronically - so be sure to check your university email often!
Review your financial aid package to determine how much you still owe and any additional forms our office may still need from you.
Financial Aid Office Tip
Your university email is the primary way our office will communicate with you.╠ř
Accept Your Financial Aid Award
Make sure you provide our office with all requested items or you'll delay your financial aid.
- Sign and submit a FERPA (Family Education Rights and Privacy Act) form to release your information to those you choose other than yourself such as a parent/supporter helping you pay for college.
- Accept/decline Federal Direct Loans on your university╠řaccount.
- Complete the registration to-do list item for each semester once assigned
Questions? We Have Answers!
Not sure what you need or have questions?
Help is just an email or phone call (570-389-4297) away!
Complete Your Final Steps
If you're taking , you'll need to╠řcomplete the following in order to finalize the financial aid process:╠ř
- Visit and log in using your FSA ID (Username/Password).
- Complete Entrance Counseling
- Complete the Master Promissory Note (MPN)
Additional Financing Options (if needed):
- Payment plan offered through the Student Billing Office.
- -╠řfor dependent Undergraduate students only.
- - for Graduate/Doctoral students only.
- - search online for these loans in order to compare lender options