To receive financial aid, students must be accepted to BHSN and be registered for at least 6 semester hours (half time) each semester. Financial assistance available to students includes need-based federal grants and loans as well as institutional scholarships. Loans and merit based scholarships are also given without regard for financial need.

To apply for financial aid, a student must complete the Free Application for Financial Student Aid (FAFSA) for the year he or she plans to enroll. A student must be a U.S. citizen or eligible non-citizen, registered with Selective Service, if required; and not be in default on a student loan or owe a refund of any Title IV grant program at any institution before he or she can apply for aid.

BHSN does not establish priority deadlines. Aid is based on availability of funds and is given on a first-come, first-served basis. All allowable educational expenses are considered when financial aid applications are reviewed.