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Financial Aid

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

Did you know:

  • 99% of BC students receive some form of financial aid
  • 99% received more than $20,000 in aid for 2018-19
  • BC awarded more than $44 million in academic scholarships and institutional grants in 2018-19

Your cost to attend BC may be comparable to a public college or university.

Check out how we awarded the $44 million in academic and need-based aid in 2018-19:

2017-18 First Year Scholarship and Grant Aid Packages

Pie chart showing the breakout of the percentage of aid packages given to first year students. 41% received more than $30,000. 39% received $25,001 - $30,000. 15% received $20,001 - $25,000. 5% received less than $20,000.

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!

Net Price Calculator

Check out our easy-to-use net price calculator and estimate your cost today.

Launch the Net Price Calculator

Apply for Financial Aid

How do I apply?

Fill out the Free Application for Federal Student Aid (FAFSA). You can file as early as October 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, contact us. We can often provide a quick answer to put you back on the road to completing your application.

Renewing Your Financial Aid

Applying for Aid in Subsequent Years

  • If you filed a 2018-2019 FAFSA, the federal processing center will send a 2019-2020 renewal notification to the email address listed on your 2018-2019 FAFSA.
  • If you did not provide an email address, the notification will be sent to the home address listed on your 2018-2019 FAFSA.
  • If you need a FSA ID or have forgotten your FSA ID, you can visit the FSA ID page.
  • The Renewal FAFSA can only be filed after October 1. To receive priority consideration for financial aid, you need to file it by March 1. Include BC’s school code of 003704 on your application.

Satisfactory Academic Progress Standards

Many types of federal and state aid require students to maintain satisfactory academic progress. You must have a minimum number of credits earned and meet a minimum grade point average, which varies depending on your academic level.

Bridgewater College Scholarships and Grants

Once you receive an academic scholarship, you have a maximum eligibility period of 8 semesters to apply it to your undergraduate degree. In order to renew your academic scholarship, you need a cumulative year-end GPA equal to or greater than the one listed below:

Scholarships Renewal GPA
President’s Merit Plus 3.5
McKinney ACE 2.3
Church of the Brethren 2.0

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, email us. 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!

First Year Academic Scholarships

BC offers exceptional academic scholarships for incoming first year students:

President’s Merit and McKinney 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 $24,000 up to full tuition. President’s Merit and McKinney ACE scholarships require year-end cumulative GPAs of at least 2.3 and 3.5, respectively, for renewal.

Out-of-State Incentive Scholarship

The Out-of-State Incentive Scholarship is available to students who do not reside in the state of Virginia and who are not eligible for the Virginia Tuition Assistance Grant. The scholarship amount is $3,000 per academic year.
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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 Aid

BC offers exceptional academic scholarships for transfer students:

Transfer Student Merit Awards (2019-20)

Transfer student merit award eligibility is based on credits earned, cumulative GPA for all college work, and other factors from the applicant’s record. Transfer students who maintain an acceptable cumulative grade point average will retain their scholarships each academic year.

Merit Aid Amount Cumulative College GPA
$23,000 3.7 Minimum
$21,000 3.35 – 3.69
$19,000 3.0 – 3.34
$17,000 2.5 – 2.99
$14,500 2.2 – 2.49

Out-of-State Incentive Scholarship

The Out-of-State Incentive Scholarship is available to students who do not reside in the state of Virginia and who are not eligible for the Virginia Tuition Assistance Grant. The scholarship amount is $3,000 per academic year.

Phi Theta Kappa Scholarship

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

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.

Virginia Two-Year College Transfer Grant

A $1,000 grant is available to transfers who earned an associate degree from a Virginia two-year public institution with a cumulative GPA of at least 3.0 and who have an expected family contribution (EFC) from the FAFSA of 12,000 or less. A complete description of eligibility and application requirements is available at this SCHEV link.

To be considered for these scholarships:

  • Apply to BC
  • Provide a copy of all college transcripts

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 240 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 2019-2020 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 2019-2020 is $3,270. 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 students, 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 $3,270 with a second disbursement of $1,635. If SCHEV finds it necessary to award an amount less than $3,270, 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.

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
    • First Year Students (0-25 credits): $5,500
    • Sophomores (26-59 credits): $6,500
    • Juniors/Seniors (60+ credits): $7,500
  • For loans disbursed between July 1, 2018 and June 30, 2019, the interest rate will be fixed at 5.045% for subsidized loans and 5.045% 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 first year students and 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 FSA ID to sign in. To apply for a FSA ID, please proceed first to the Create a New FSA ID Site

Additional information about Federal Direct Loans, repayment plans and a federal/private loan repayment estimator is available at StudentAid.ed.gov/sa/repay-loans.

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, 2018 and June 30, 2019, the interest rate is a fixed 7.595%.
  • Repayment begins within 60 days after final disbursement. However, it is possible to postpone principal and interest payments while the student is enrolled.
  • 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 first year students and 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.

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 contact the office of financial aid. 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 2015-2018. 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 August regarding job placement and required employment documentation.

For more information check out student employment.

External Sources of Aid

View a list of external sources of aid.

My Financial Aid Package

The financial aid office begins releasing aid packages to prospective students after December 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.

  • Qualitative Measure: Students must have at least a 1.700 cumulative grade point average by completion of their second semester and at least a 2.000 cumulative grade point average by completion of their fourth semester. A minimum year-end 2.000 cumulative grade point average must then be maintained until graduation.
  • Quantitative Measure: Students must successfully complete at least 67% of the courses they attempt. Withdrawn (W) grades and transfer credits count as attempted hours for this purpose.
  • Maximum Time Frame: Students must complete their program by the time they have attempted 150% of the hours required for their degree program.
  • If a student does not meet the specified requirements, they may make an appeal for aid if extenuating circumstances existed. The financial aid committee rules on all satisfactory academic progress appeals.

Financial Aid Forms

Penalties for Drug Law Violations

A conviction for any offense under any federal or state law involving the possession or sale of illegal drugs, during a period of enrollment when receiving federal aid, will result in the loss of eligibility for any Title IV, HEA grant, loan, or work study assistance. A conviction that was reversed, set aside, or removed does not count, nor does one received as a juvenile, unless tried as an adult.

The chart below illustrates the period of ineligibility for federal financial aid programs. Please note that eligibility is dependent upon the nature of the conviction and the number of prior offenses.

Offense Possession of Illegal Drugs Sale of Illegal Drugs
1st Offense 1 year from date of conviction 2 years from date of conviction
2nd Offense 2 years from date of conviction Indefinite Period
3+ Offenses Indefinite Period Indefinite Period

Pursuant to federal law, a conviction for the sale of drugs includes convictions for conspiring to sell drugs. Moreover, those students convicted of both selling and possessing illegal drugs will be subject to ineligibility for the longer period as prescribed under the circumstances.

A student regains eligibility the day after the period of ineligibility ends or when the student successfully completes a qualified drug rehabilitation program. Further drug convictions will make the student ineligible again for federal financial aid programs.

Students denied eligibility for an indefinite period can regain it only after successfully completing a rehabilitation program as described below. Furthermore, eligibility can be regained if a conviction is reversed, set aside, or removed from the student’s record so that fewer than two convictions for the sale or three convictions for the possession of illegal drugs remain on the student’s record. In such cases, the nature and dates of the remaining convictions will determine when the student regains eligibility. It is the student’s responsibility to certify to the College that a qualified drug rehabilitation program has been completed.

For purposes of financial aid eligibility, a qualified drug rehabilitation program must include at least two unannounced drug tests and must satisfy at least one of the following requirements:

  • Be qualified to receive funds directly or indirectly from a federal, state, or local government program.
  • Be qualified to receive payment directly or indirectly from a federally or state licensed insurance company.
  • Be administered or recognized by a federal, state, or local government agency or court.
  • Be administered or recognized by a federally or state-licensed hospital, health clinic, or medical doctor.

For more information regarding illegal drug convictions and financial aid eligibility, please visit the Frequently Asked Question section of the Free Application for Federal Student Aid (FAFSA) website.

Financial Aid Code of Conduct

Financial Aid Contact Information

Rebecca Hall
Rooms 201-205

Phone: 540-828-5377
Fax: 540-828-5671
finaid@bridgewater.edu

Summer Hours
Monday-Thursday 8:00-4:30 p.m.
Friday 8:00 a.m.-noon

Mailing Address

Office of Financial Aid
College Box 27
Bridgewater, VA 22812-1599

Department Contacts

Scott Morrison
Director of Financial Aid
540-828-5376
smorriso@bridgewater.edu

Cindy K. Garletts
Associate Director of Financial Aid
540-828-5378
cgarlett@bridgewater.edu

Betsy J. Henderson
Assistant Director of Financial Aid
540-515-3798
ehenderson@bridgewater.edu

Karen Wade
Financial Aid Counselor
540-828-5377
kwade@bridgewater.edu

Jennifer D. Puffenbarger
Financial Aid Coordinator
540-828-5485
jpuffenb@bridgewater.edu