What exactly is an award letter?
A financial aid award letter (sometimes called a financial aid "package") is a document that will list all of the types of financial aid (or "awards") you are eligible to receive from the University of Denver. The aid listed may be provided by a combination of federal, state or institutional sources.
What do I need to do to receive an award letter?
As an Early Action applicant, you have the choice to complete a portion of the financial aid process now to receive an estimated award letter in early February. If you wish to receive an estimated award letter, we need to have received the 2016-17 CSS PROFILE (and Noncustodial PROFILE, if applicable) by January 4th.
To receive a final award letter, your "file" must be complete. That means you have submitted both the 2016-17 FAFSA and CSS PROFILE, and if you have been selected for verification, you have submitted all requested documents and your application has been reviewed by an advisor.
So when will I receive it?
- If you submitted the CSS PROFILE by January 4th:
- You can expect to receive an estimated award letter in early February via standard mail. This packet will include additional information and resources to help you understand your financial aid options at the University of Denver. We'll also send you an email when you can view your award letter online.
- Provided all requirements have been met, you will receive a final award letter via email in early April.
- If you did not submit the CSS PROFILE by January 4th, you'll receive a final award letter via standard mail in mid-to-late March. In addition to the mailed packet, you'll receive an email with instructions for viewing your aid package online.
How are my awards determined?
The types of aid listed on your award letter are based on a combination of factors, including the information you and your family supplied on your financial aid application and your planned enrollment. The aid listed on your estimated award letter (if applicable) will be based only on your CSS PROFILE application. The aid listed on your final award letter will be based on your CSS PROFILE, your FAFSA, and updated tuition costs for the 2016-17 academic year. We'll provide much more information on this topic in a future Financial Aid 101 email.
Anything else I should know?
Many of the awards in your final financial aid package will be offered to you. This means that if you don't want to borrow a loan you were offered, for example, you don't have to. Some types of financial aid will also require you to take additional steps before you can receive funds.
Additionally, please be aware that in accordance with University of Denver policy, we cannot negotiate financial aid packages. However, if you or your family has an extenuating circumstance that is not reflected on your aid application, please let us know!
In two weeks: Using IRS Data Retrieval and Federal Verification
Want to review past Financial Aid 101 emails? Check out the archives!