Financial Aid Checklist

Follow these steps to apply for federal student aid:

  • Complete the Free Application for Federal Student Aid (FAFSA). Include the Baylor University school code: 003545.
  • Sign the FAFSA electronically using your federal student aid (FSA) ID. You can create an FSA ID when logging into the FAFSA. Previous borrowers: Please note that the U.S. Department of Education replaced the FAFSA PIN with the FSA ID login system.
  • If you wish to receive the Federal Direct Unsubsidized Loan, complete Entrance Counseling and electronically sign the Loan Agreement Master Promissory Note (MPN) at
    • Both the Entrance Counseling and MPN must be completed in order for funds to be disbursed to your student account.
    • If you have previously borrowed federal student loans, be sure to update your lender(s) with contact information and enrollment status (for loan deferment purposes). Loan servicer contact information can be found on the National Student Loan Data System (NSLDS).
  • Evaluate your need for additional funding, such as the Federal Direct Graduate PLUS Loan through the Department of Education or private education loans through various lenders of your choice. Note: The Direct Graduate PLUS Loan is credit-based. Please visit for detailed information regarding PLUS Loan credit requirements.
    • Prior to borrowing through the Federal Direct Graduate PLUS Loan program, you may need to review your credit reports for potential issues.
    • The Graduate PLUS Loan credit decision expires within 180 days from applying.
    • View Baylor’s Preferred Lender List for information on private/alternative loans.
  • Once you have made the decision to apply for the Federal Direct Graduate PLUS Loan, visit to complete the Direct PLUS Loan request.
    • If approved for the Direct Graduate PLUS Loan, complete a separate Loan Agreement MPN for this loan.
    • If declined for the Direct Graduate PLUS Loan, you can reapply with a co-signer (endorser) or appeal the denial through the Department of Education.
  • Learn more about detailed information on federal student aid programs.