Overview of the Financial Aid Process:
One of the first steps in understanding how to finance your education is learning how the overall process works. Here is a broad overview of what you can expect over the next several months:
|Now (by February 15th)!
||Apply for financial aid.
|February and Early March
||We'll process your financial aid application and notify you of any additional documentation we may need.
||You'll receive your financial aid award package in the mail which will list all of the aid you are eligible to receive for the 2014-15 academic year.
||Review and compare your financial aid award offers from all schools.
||Take the next steps outlined in your award package, which include accepting your awards and completing requirements for student loans.
||If needed, determine the ways you will manage the costs not met by your financial aid package.
||Consider additional financing options such as a DU payment plan or a Parent PLUS loan.
||Move into your residence hall and attend Discoveries Orientation!
||The fall quarter portion of your financial aid will automatically pay toward your DU student bill.
|October - May
||Maintain a minimum GPA of 2.0 and complete at least 80% of all your classes to ensure you stay eligible for all of your financial aid!
Throughout the year, you should also be looking for additional scholarship opportunities that may supplement your financial aid package. To find the right opportunities for you, utilize our scholarship search page!
We'll be addressing each aspect of the financial aid process in much more detail throughout the rest of the Financial Aid 101 series. In the meantime, however, feel free to review our more comprehensive financial aid timeline.
Checking the Status of Your Application:
If you've already applied for financial aid, you can check the status of your application by following the steps below. Haven't applied yet? Be sure to get your FAFSA and CSS PROFILE submitted by the February 15th deadline!
Has DU received my FAFSA?
Log into www.FAFSA.gov and click on "View Processed Information." Scroll to the bottom of your Student Aid Report and make sure that the University of Denver is listed under "School Name." If you see it there, we've received it!
Has DU received my CSS PROFILE?
Go to profileonline.collegeboard.org and click on the blue "Sign In" button. After logging in, click on "Check Status of Application" in the top left corner of the page. If you see "University of Denver" listed under "College or Program," we've received it!
Do I need to submit anything else?
A small number of students will be selected for a process called "verification." If you are selected, we must verify that the information you submitted on your financial aid application is true and correct, which means we'll need to collect additional documentation from you before we can create your award package. We'll start notifying students who have been selected for verification in late-February via email. Be sure to read and follow up on any emails you receive from us!
My application has been submitted now what?
Sit back and relax! If we have everything we need from you, you can expect to receive your financial aid award package in mid-to-late March. But if you have any questions in the mean time, don't hesitate to contact us!
Up next week: IRS Data Retrieval and Verification