|Financial Aid 101: Accepting Your Financial Aid
and Next Steps
Welcome to the DU family! We're so excited that you have chosen to attend the University of Denver. And now that you're officially a Pioneer, we want to make sure you take all the necessary steps to secure your financial aid before the start of fall classes. So, here's a checklist of items you should complete over the summer months:
✓ Be sure you completely understand your financial aid award.
✓ Say YES (or NO) to your awards.
Want to see the process of accepting your award step-by-step? Watch our Accepting Your Award video!
Some types of aid, including work-study and the Perkins loan, requires students to accept it by July 1st. So, if you were offered either of these awards in your financial aid package, be sure to accept them by that date or we must cancel them and offer those awards to someone on the waitlist.
Remember: Any financial aid you accept will automatically be split evenly between fall, winter and spring quarters. Be sure to keep that in mind if you only accept a partial amount of a loan, as that partial amount will be split evenly as well.
✓ Complete Student Loan Requirements
For a Federal Perkins loan:
For a Federal Direct Subsidized/Unsubsidized loan:
Once you have completed these requirements, we will automatically be notified electronically.
✓ Formulate your financing plan for unmet costs.
✓ Apply for additional loans (if desired).
If you do apply for an additional loan, the lender will send us a request to certify your eligibility for the loan, and we will add it to your financial aid award. Once added, you will receive an email when an updated award letter is available for you to view on webCentral.
✓ Sign up for a payment plan (if desired).
✓ Keep an eye on your financial aid account through webCentral.
For example, you should regularly check the "Financial Aid Requirements" box on your Admitted Students tab. If you see any item with a red flag next to it, it almost always means we are missing something from you (and red flags may prevent you from receiving your financial aid on time!). Click on each requirement to learn what you need to do. If there is a green check mark next to a requirement, however, you're good to go! Download our webCentral Quick Reference Guide to learn more.
(One quick note: If you have accepted a Direct Subsidized/Unsubsidized loan, you will see a requirement for the Master Promissory Note (MPN) in webCentral. Because of changes made by the federal government due to sequestration, we can't attach completed MPNs to student accounts until July. So, even if you have completed the MPN--and the Department of Education notified you that it was sent to DU--this requirement will still have a red flag next to it until we can update your account in July. But don't worry; we have it!)
✓ Keep in contact with us!
We will continue to communicate with you periodically over the summer and throughout your time at DU, so make sure you read those emails! They always contain important information about your aid or additional steps you need to take. And be sure stay in contact with our office in the future to let us know if you change your enrollment plans, received a private scholarship, or just have questions! We're always here to help.
From all of us in Financial Aid, welcome to the DU community!
Want to review past Financial Aid 101 emails? Check out the archives!
|Financial Aid | University Hall 255 | 2197 S. University Blvd. | Denver, CO 80208
303.871.4020 | FAX: 303.871.2341 | email@example.com | www.du.edu/financialaid