What exactly is an "award letter?"
A financial aid award letter (sometimes called a financial aid "package") is a document that lists all of the types of financial aid (or "awards") your student is eligible to receive from the University of Denver. The aid listed may be provided by a combination of federal, state or institutional sources.
How are awards determined?
The types of aid listed on an award letter are based on a combination of factors, including the information supplied on the financial aid application and your student's planned enrollment. Aid listed on the estimated award letter will be based only on the CSS PROFILE application and your 2014 tax information. Aid listed on the final award letter will be based on the CSS PROFILE, the FAFSA, and updated tuition costs for the 2016-17 academic year. We'll provide much more information on this topic in next week's Financial Aid 101 email.
What do we need to do to receive an award letter?
- To receive an estimated award letter, we need to have received the 2016-17 CSS PROFILE (and Noncustodial PROFILE, if applicable) as well as a copy of parent 2014 tax return(s) and W-2(s).
- To receive a final award letter, the 2016-17 FAFSA must be submitted. If your student is selected for verification, all additional requested documents must be sent to our office and reviewed by an advisor as well.
So when will we receive it?
- If admitted to DU, your student can expect to receive an estimated award letter with the admission packet in mid-December via standard mail. This packet will include additional information and resources to help you understand the financial aid options at the University of Denver. We'll also send your student an email when the award letter can be viewed online.
- Provided all requirements have been met, your student will receive a final award letter via email in early April.
Anything else we should know?
Many of the awards in your student's final financial aid package will be offered. This means that if your student don't want to borrow a loan, for example, he or she doesn't have to. Some types of financial aid will also require additional steps before your student can receive funds.
Additionally, please be aware that in accordance with University of Denver policy, we cannot negotiate financial aid packages. However, if your family has an extenuating circumstance that is not reflected on your aid application, please let us know!
Up next week: How Your Aid Package is Determined
Want to review past Financial Aid 101 emails? Check out the archives!