Financial Aid

Worried about paying for college? Let us help ease your fears.

Did you know:

Your cost to attend BC may be comparable to a public college or university. Check out how we awarded the $32 million in academic and need-based aid in 2014-15:

2014-15 Freshmen Scholarship and Grant Aid Packages

Pie chart showing the breakout of the percentage of aid packages given to Freshman

At BC, we work with you and your family to make college affordable. We put your mind at ease about tuition and costs. That way, you can focus on taking the next step.

Let us help you discover your cost to attend Bridgewater College by applying to Bridgewater and completing the FAFSA. We’ll do the rest!

Apply for Financial Aid

How do I apply?

Fill out the Free Application for Federal Student Aid (FAFSA). You can file as early as January 1. The priority deadline for filing the FAFSA is March 1. BC’s school code is 003704.

The FAFSA is also the approved application for all need-based institutional and state financial aid programs.

Should I apply? What if I miss the deadline?

Most students are eligible for some form of financial aid. Apply each year you are enrolled to find out your eligibility. There are even aid programs for students who don’t qualify for need-based assistance. Completing the FAFSA is the first step in exploring your financing options.

If you miss the deadline, file your FAFSA as soon as possible. Applications submitted after March 1 will be processed as long as funds are available.

What if I’m having trouble with the FAFSA?

If you are trying to complete your FAFSA and are finding the instructions confusing, This email address is being protected from spambots. You need JavaScript enabled to view it. . We can often provide a quick answer to put you back on the road to completing your application.


Your Student Aid Report

What is a Student Aid Report (SAR)?

After the federal processing center completes the analysis of your FAFSA, they will send you a student aid report (SAR). How you receive this depends on how you filed it:

  • If you filed the FAFSA online and provided an email address, you will receive a SAR Information Acknowledgment with access information for your SAR online.
  • If you filed the FAFSA by mail, or did not provide an email address online, you will receive the SAR by mail.
    The SAR includes important comments about your analysis along with the information from your FAFSA. Read it carefully!

What if my student aid report was rejected?

If the processor rejected your application, the letter will let you know what you need to do next. We can’t determine your aid eligibility until we receive a valid analysis for you. Your prompt action in providing the processor with more information is vital.

What if my student aid report is incorrect?

If, for instance, your reported estimated income figures on the original FAFSA and the actual figures are different, you should make the appropriate corrections, sign the SAR and return it for reprocessing at the address provided.

What if Bridgewater College is not listed on the SAR?

If Bridgewater College is not listed on your student aid report, we will not be able to determine your eligibility for aid. In order to have the analysis sent to the financial aid office, This email address is being protected from spambots. You need JavaScript enabled to view it. . We will need to know your DRN number, located near the top of the first page of the student aid report. We will send a request to the processor to receive your results.

What if everything on the student aid report is correct?

If everything on the SAR is correct and Bridgewater College is listed as a school to receive the analysis, you don’t need to do anything. Good news!


Freshman Academic Scholarships

BC offers exceptional academic scholarships for incoming freshmen:

President's Merit and ACE Scholarships

These scholarships are awarded based on academic performance in high school (public, private, or home schooled), ACT or SAT scores, class rank, and quality of high school curriculum. The value of these scholarships ranges from $16,500 up to full tuition. ACE and President’s Merit scholarships require year-end cumulative GPAs of at least 2.3 and 3.0, respectively, for renewal.

Church of the Brethren Scholarships

Scholarships are available to students who are members of the Church of the Brethren. Award amounts are $2,500 for residents and $1,500 for commuters.

To be considered for these scholarships:

  • Apply to BC early
  • Submit your high school transcript and SAT/ACT test scores as soon as possible


Transfer Student Academic Scholarships

BC offers exceptional academic scholarships for transfer students:

Transfer Grant

$5,000 transfer grant for those students who transfer into BC with a minimum of 12 credits

Phi Theta Kappa Scholarship

$3,000 scholarship for those students who transfer students with a membership in Phi Theta Kappa from a community college.

Transfer ACE Scholarship Program

Transfer student eligibility for the ACE program is based on credits earned, cumulative GPA for all college work, and other factors from the applicant's record. A minimum of 12 transferable credits are required for ACE scholarship consideration. Transfer students who maintain an acceptable cumulative grade point average will retain their scholarships each academic year.

ACE Scholarship Amount

Cumulative College GPA

$13,000

3.8 Minimum

$11,000

3.5 - 3.79

$9,000

3.0 - 3.49

 

Church of the Brethren Scholarships

Scholarships are available to students who are members of the Church of the Brethren.  Award amounts are $2,500 for residents and $1,500 for commuters.


To be considered for these scholarships:


Endowed Scholarships

Numerous endowed scholarships, funded by our generous alumni and other private donors, are also available. Each scholarship has select criteria and eligibility requirements associated with it. BC currently has more than 200 endowed scholarships. You are automatically considered for these scholarships after you submit the FAFSA.
 

Grants, Loans, Work Study

Federal Grants

By reviewing your FAFSA analysis, we can determine your eligibility for these federal grants:

Federal Pell Grant

  • Amount determined by government calculation
  • Must enroll in at least 12 credits in a semester to receive full funding for that semester

Federal Supplemental Educational Opportunity Grant (SEOG)

  • Award given to selected Pell Grant recipient

Teacher Education Assistance for College and Higher Education (TEACH) Grant

  • Be a U.S. citizen or eligible non-citizen
  • Be enrolled in coursework that is necessary to begin a career in teaching or plan to complete such coursework
  • Meet certain academic achievement requirements (generally, scoring above the 75th percentile on a college admissions test or maintaining a cumulative GPA of at least 3.25)
  • Must not have earned a bachelor's degree or post-baccalaureate degree
  • Sign a TEACH Grant Agreement to serve

Note: If a recipient fails to complete the service requirement as described in the TEACH Grant Agreement to Serve, the TEACH Grant will be treated as a Federal Direct Unsubsidized Loan, with interest accruing from the date the grant was disbursed.

For more information about federal financial aid programs, visit the Federal Student Aid website.

Virginia Tuition Assistance Grant

If you are a resident of Virginia, you may be eligible for the Virginia Tuition Assistance Grant (TAG).

Students must meet all the basic eligibility requirements set forth by the General Assembly and detailed in the TAG regulations:

  • Be a full-time domiciled resident of Virginia for at least one year prior to receiving TAG.
  • Be enrolled as a full-time student for a minimum of 12 semester credits at Bridgewater College in an eligible degree program.

You can obtain the application in one of two ways:

  • You will receive a TAG application in your award package from the financial aid office, which you can then submit.
  • You can print out and complete the 2014-2015 application now.

New students must complete the TAG application and submit it to the Financial Aid office by July 31.

*Please note: The estimated award for 2014-2015 is $3,100. The amount for each year depends on the funding allocated by the General Assembly and the total number of eligible applicants. TAG may be received for a maximum of eight semesters.

If funds are not sufficient to make full TAG awards to all eligible students, a priority system is used to determine the size of the awards. Students in the first categories must receive full funding before subsequent categories can be considered:

  • Category 1: Returning students who are eligible for fall and spring terms and received a TAG award in the previous fiscal year.
  • Category 2: New students to the College’s TAG program who are eligible for fall and spring terms, and who apply for the TAG program by July 31. This category includes new freshmen, transfers and returning students who did not receive a TAG award in the previous fiscal year.
  • Category 3: New students to the TAG program who attend the fall term, and who apply between August 1 and September 14.
  • Category 4: All students applying for spring term awards only, and who apply by December 1.

If funding is insufficient to fully award all students, it is possible that some students will receive no award. Upon receipt of fall semester enrollment from eligible institutions, the State Council of Higher Education for Virginia (SCHEV) will determine whether or not sufficient funds exist to make the official award of $3,100 with a second disbursement of $1,550. If SCHEV finds it necessary to award an amount less than $3,100, Bridgewater College will make an adjustment on the student’s account for spring semester and submit a revised billing.

SCHEV has more information on state financial aid for Virginia residents. 

Other State Grants

Pennsylvania and Rhode Island also award grants to their state residents that can be used at Bridgewater College.

Federal Direct Loans

Federal Direct Loans are available to students who have submitted the FAFSA regardless of the demonstration of eligibility for need-based aid.

  • Aid analysis determines type of Direct Loan
    • Subsidized: Government pays interest until six months after the student graduates, drops below half-time status or withdraws
    • Unsubsidized: Student responsible for interest accrued while in school
  • Maximum eligibility for Direct Loan funds each year depends on academic level
    • Freshmen (0-25 credits): $5,500
    • Sophomores (26-59 credits): $6,500
    • Juniors/Seniors (60+ credits): $7,500
  • For loans disbursed between July 1, 2014 and June 30, 2015, the interest rate will be fixed at 4.66% for subsidized loans and 4.66% for unsubsidized loans.
  • Repayment begins 6 months after you graduate, drop below half-time status, or withdraw.
  • If your parent has an adverse credit history, consider having him or her apply for the PLUS Loan. A dependent student whose parent is denied a Federal PLUS Loan may borrow an additional unsubsidized Direct Loan, which has a better interest rate and terms than most private alternative loans. The maximum, additional unsubsidized amount is $4,000 for freshmen/sophomores and $5,000 for juniors/seniors.
  • Students who borrow Federal Direct Loans will have their loan information submitted to the National Student Loan Data System (NSLDS). This information will be accessible to guaranty agencies, lenders, and institutions determined to be authorized users of the system.
  • New borrowers need to complete a Federal Direct Loan Master Promissory Note and Federal Direct Loan Entrance Counseling on StudentLoans.gov. You will need your FAFSA PIN to sign in. To apply for a PIN or to request a duplicate, proceed first to the PIN website.

Additional information about Federal Direct Loans is available at Federal Student Aid website.

Federal Direct PLUS Loan

The PLUS loan is for parents. The student must still file the FAFSA for eligibility.

  • For loans disbursed between July 1, 2014 and June 30, 2015, the interest rate will be fixed at 7.21%.
  • Repayment begins within 60 days after final disbursement. However, it is possible to postpone principal and interest payments while the student is enrolled. To request this, please contact the Direct Loan Servicing Center at 800-848-0979.
  • Request the PLUS Loan at Student Loans.gov. You should request the amount you wish to borrow for the academic year. The financial aid office will schedule half of the loan to disburse to the student's account shortly after the beginning of each semester.
  • When a parent is denied a PLUS loan based on adverse credit, the student is allowed to borrow an additional unsubsidized loan. The maximum, additional unsubsidized amount is $4,000 for freshmen/sophomores and $5,000 for juniors/seniors.
  • Parents who borrow Federal Direct PLUS Loans will have the loan information submitted to the National Student Loan Data System (NSLDS). This information will be accessible to guaranty agencies, lenders, and institutions determined to be authorized users of the system.
  • A parent borrower must complete a Federal Direct Loan Master Promissory Note on the Federal Student Aid website if this is the first time you are borrowing for your student.

Additional information about Federal Direct PLUS Loans is available at the Federal Student Aid website.

Federal Perkins Loans

Federal Perkins Loans are included in aid packages of eligible students who have exceptional financial need based on submission of the FAFSA.

  • Low interest rate of 5% does not accrue until 9 months after you graduate, drop below half-time status, or withdraw
  • Repayment also begins 9 months after you graduate, drop below half-time status, or withdraw
  • Students who borrow Federal Perkins Loans will have the loan information submitted to the National Student Loan Data System (NSLDS). This information will be accessible to guaranty agencies, lenders, and institutions determined to be authorized users of the system.
  • If you are borrowing your first Perkins Loan, complete the Perkins Master Promissory Note and Entrance Counseling online at the Campus Partners website. You will need your FAFSA PIN to sign in. To apply for a PIN or to request a duplicate, proceed first to the PIN website.

Additional information about Federal Perkins Loans is available at the Federal Student Aid website.

Students with Perkins loan repayment questions should contact Gail Carr at 540-828-5389 or This email address is being protected from spambots. You need JavaScript enabled to view it. .

Veterans and Military Educational Benefits

Private Loans

We encourage students and parents to take advantage of the federal loan programs before opting for private loans, which generally have higher interest rates and higher fees than federal loans. Private loans are offered by private lending institutions and are not guaranteed by the federal government.

These funds are available to students who may not be eligible for federal financial aid or who may need to bridge the gap between the actual cost of education and their federal financial aid.

  • The lender will interpret credit history and other determining factors to see if the student is eligible. A cosigner is recommended in order to obtain the best rate and terms available.
  • Interest rates are normally variable and can change on a quarterly basis. Students are responsible for researching the terms and conditions of these loans.
  • Private loans are not federally guaranteed. Therefore, they do not have the same deferment, cancellation, and consolidation benefits as federal loans.
  • Private loan lenders are required to provide borrowers with three separate disclosure statements. Please read these disclosures carefully and be aware you have to actively accept the terms of your loan and complete a self-certification form in order for the loan to be disbursed.

Bridgewater College does not have a preferred lender list or any preferred lender arrangements.

A student can choose to borrow from any lender that offers private alternative loans. Please use the self-certification form your lender sends you or provides online. If you need assistance completing the form or need a blank form, please This email address is being protected from spambots. You need JavaScript enabled to view it. . Bridgewater College will certify (based on eligibility) a private/alternative loan from any lender the student chooses.

Alternative Loan Lenders

Below is a comprehensive list of alternative loan lenders from which students at Bridgewater College have borrowed during 2010-2013. Lenders that are no longer offering private alternative loans have been removed from the list. The list is in alphabetical order only. Bridgewater College does not endorse any lender and expresses no opinion with respect to any lender.

*Requires membership

Federal Work-Study Program

In order to be part of the Federal Work-Study Program, you must submit a FAFSA and be eligible for work on the basis of financial need.

If federal work-study is listed on your aid package, you will be contacted by human resources in August regarding job placement and required employment documentation.

For more information check out student employment.


My Financial Aid Package

The financial aid office begins releasing aid packages to prospective students after March 15 on a rolling basis. Returning students receive their aid packages after June 15.

If eligible, institutional aid is posted to your account in the fall and spring semesters. The same process applies to state aid. Federal aid may be available for summer sessions if your annual eligibility is not fully used during the regular academic year.

Satisfactory Academic Progress for Federal Aid

Students must meet the requirements specified below in order to receive Title IV federal aid.

Net Price Calculator

2014-2015 Financial Aid Forms

Penalties for Drug Law Violations

The Higher Education Act of 1965 as amended (HEA) suspends aid eligibility for students who have been convicted under federal or state law of the sale or possession of drugs, if the offense occurred during a period of enrollment for which the student was receiving federal student aid (grants, loans, and/or work-study). If you have a conviction(s) for these offenses, please review FAFSA facts to find out how this law applies to you.

If you have lost federal student aid eligibility due to a drug conviction, you can regain eligibility if you pass two unannounced drug tests conducted by a drug rehabilitation program that complies with criteria established by the U.S. Department of Education.

Financial Aid Code of Conduct

Questions? Contact us!

Office of Financial Aid

Located in Flory Hall, rooms 108-111
540-828-5377
finaid@bridgewater.edu

Monday through Friday, 8 a.m. - 4:30 p.m.