The Office of Financial Aid
 
University of Denver

WINTER 2011 Financial Aid Newsletter

 

Message from the Director of Financial Aid

Dear Student,

With fall quarter finals complete and a break before the start of the winter quarter, now is a good time to start thinking about financial aid for the 2012-13 academic year. Over the past three months, the Office of Financial Aid started preparing for the 2012-13 academic year and the 2012 summer quarter. We have taken this time to carefully review our processes and procedures to ensure that the financial aid application and award letter process will run as smoothly as possible.

For students and families, the first step in the process is reapplying for aid.  This year, the 2012-13 financial aid priority application deadline for continuing students is March 15th.  The CSS PROFILE is already available for the 2012-13 academic year and the FAFSA will be available on January 1st, 2012.  When completing the FAFSA, we recommend that you use the IRS data retrieval process.  We believe that students and families that use the data retrieval process will have a lower probability of being selected for verification, thus making the process easier for you.

As we move into the financial aid application season, please take time to read the communications from our office.  Our primary method of communication is email, and we will be sending information about priority application deadlines, missing items needed to complete your financial aid application, changes regarding summer aid at DU and your financial aid award letter.

Another way to stay on top of changes and new initiatives is to follow my blog: 411 on Financial Aid – The Director’s Blog. My goal through this blog is to offer insight and direction into a process that many find daunting, confusing and challenging.

As always, please call us at 303.871.4020 or email us at finaid@du.edu if you have any questions.

Sincerely, 
Chris George
Director of Financial Aid


 Applying for 2012-13 Financial Aid: A Refresher Course

Applying for financial aid is one of those checklist items that you need to complete once a year. Like spring cleaning. And with the 2012-2013 financial aid season ready to begin, it’s time for a refresher course on applying for aid.

When to Apply
The 2012-13 FAFSA becomes available on January 1, 2012.
The 2012-13 CSS PROFILE is currently available.

Where to Go
FAFSA: Complete online at www.fafsa.ed.gov.
CSS PROFILE: Complete online at www.profileonline.collegeboard.com.

What You'll Need
All of your 2011 tax information.

Important Dates
March 15: Priority deadline for continuing students to submit the FAFSA and CSS PROFILE.

April 1: Deadline for continuing students to submit verification documents (if requested) to the Office of Financial Aid.

Late May: DU begins sending award notifications to continuing students.


Student Loans: What's the Worst that can Happen?
By Nathan Rudibaugh

I like imagining worst-case scenarios. Not because of some sadomasochistic drive to fantasize about horrible situations, but because of the preparedness that line of thinking can breed. From charting your way through an economic meltdown to mapping out your zombie apocalypse survival plan, preparing for the nastiest possibilities can make less-than-catastrophic scenarios more manageable.

It is in that spirit that I would like to examine the question: What is the worst case scenario for student loans? The short answer is: default.

Read full article >>


Private Scholarship Update

Happy Holidays! With the six-week winter break, we hope you relax and enjoy spending time with your family and friends. This is also the perfect time for you to gear up for the New Year, especially in regards to financial aid. Applying for aid is only the first step; please check the private scholarship webpage regularly, too. We have a lot of opportunities for you to take advantage of. A few that may interest you include:

  • JustJobs Scholarship Program A new scholarship program that awards $2,000 three times annually. No application fee. Deadlines are December 31, 2011, April 30, 2012 and August 31, 2012.
  • Nancy Talbot Scholarship Award The Talbots Scholarship Foundation will award up to seventeen (17) $10,000 scholarships and one (1) $30,000 scholarship to an extraordinary finalist. The deadline to apply is Tuesday, January 3, 2012.
  • The Colorado Chapter of the Association of Certified Fraud Examiners will be awarding $1,000 scholarships to applicants who are ACFE Student Associate members currently enrolled full-time with a declared major or minor in accounting, criminal justice, or other field related to fraud examination. Application deadline is January 31, 2012.

If you have any questions or need assistance in applying for any of these scholarships, please do not hesitate to call or stop by the Office of Financial Aid—we’re happy to help you!


Student Employment Update

Welcome back Study Abroad students! As a reminder, students returning from study abroad who have a work award have until Tuesday, January 31st to secure a work award position for the 2011-12 academic year. Students who do not secure a position by this date will have their awards cancelled. As this deadline approaches, we encourage you to visit the Student Employment Website for a list of current job openings available to students with a work award.

Students who do not have a work award can also look for off-campus job openings online. We currently have positions listed for babysitting, dog walking, retail sales, tutors, office assistance, housecleaning, social media marketing and more. All off-campus jobs on the website pay a minimum of $10 per hour.

 

In this issue:

Important Dates:

October 1: 2012-13 CSS PROFILE became available

December 24: Winter quarter disbursement of financial aid

December 26 - January 2: University closed

December 27: Refunds begin to be generated by the Bursar's office

January 1: 2012-2013 FAFSA available

February 15: Priority deadline for new students to apply for aid

March 15: Priority deadline for continuing students to apply for aid

How Withdrawing Affects your aid

Did you know? If you completely withdraw from all courses, which does include medical withdrawals, you may no longer be eligible for all of the federal financial aid you received for that term. This means you may have to pay back some of that aid through a process called the "Return of Title IV Funding." If you are considering withdrawing for a term, please contact our office to learn about the implications. Learn more >>

Are you Making Satisfactory Academic Progress?

An important federal regulation that all students should understand is a policy called Satisfactory Academic Progress (SAP). We are required to ensure that students who utilize financial aid are making progress toward completing their degree. While this policy is completely separate from all other academic policies at DU, you must be making SAP in order to continue receiving financial aid.

To maintain SAP, there are three minimum standards you must meet:

  1. Maintain a cumulative GPA of 2.0 (2.5 for accounting majors).
  2. Complete and pass at least 80% of the courses you attempt.
  3. Complete all degree requirements within 125% of the minimum credits required to graduate.
If you do not meet these minimum standards, we will contact you and your financial aid will be suspended. Learn more >>
 

Office of Financial Aid Contact Information

University Hall 255
2197 S. University Blvd.
Denver, CO 80208-9401

Tel: 303.871.4020
Fax: 303.871.2341

Email: finaid@du.edu
Web: www.du.edu/financialaid

Office Hours:
8 a.m. to 4:30 p.m., Mountain Time
Monday - Friday