Understanding Your Aid Offer & Next Steps You Need to Take
After you apply for financial aid and are admitted to DU, you'll receive an email when your financial aid offer is available for you to view through MyDU. Use the following resources to help understand your offer and determine the next steps you need to take to secure your financial aid.
When to expect your financial aid offer:
In order to receive a financial aid offer, you must submit the FAFSA (and any other requested documentation) and be admitted to a DU program.
- New students for the winter of 2023: We'll begin sending aid offers in mid-September.
- New students for the spring of 2023: We'll begin sending aid offers in mid-January.
- New students for the summer or fall of 2023: We'll begin sending aid offers in mid-March.
- Current students who plan to return in the 2023-24 academic year: We'll begin sending aid offers in mid-June.
We send aid offers on a weekly basis to students who recently submitted the FAFSA or were recently admitted to DU after the timelines listed above have passed.
How to view your aid offer:
You'll receive an email once your financial aid offer is available to view online.
- Log into MyDU.
If this is your first time logging in, your password will be your six-digit birth date in the MMDDYY format.
- Click on the "View My Financial Aid Offer (PDF)" link within the Financial Aid Information widget on your dashboard.
- Choose the appropriate aid year from the drop-down menu.
Understanding Your Financial Aid Offer
Find everything you need to know about financing your graduate education in our aid offer guides:
Your DU financial aid offer will include information about estimated costs, the types of aid offered to you, and what you can expect to pay out of pocket for the academic year. We do not assume all students will take classes in the summer, so unless otherwise listed, your initial offer may not include costs or aid for the summer quarter (a separate application for summer aid is available in the spring).
Estimated Total Cost of Attendance
The estimated cost of attendance listed on your aid offer reflects the average costs of a student enrolled in your graduate program for one academic year and is broken down by direct and indirect costs. Direct costs are charges that are billed by DU, such as tuition and fees. Indirect costs are estimates for additional items including books, supplies, and personal expenses such as laundry, toiletries, and clothes. You are not billed for indirect costs.
Grant, Scholarship and Waiver Eligibility
This section of your aid offer will list any merit scholarships, grants, assistantships, or waivers you were offered at the time of admission to DU. For graduate students, these types of aid are managed by individual academic departments (instead of the financial aid office).
Student Loan Eligibility
Most students are automatically offered at least one type of federal student loan. Loans are optional and are offered to you, which means you have to actively accept them if you'd like to borrow that additional funding. You can also choose to only borrow a portion of a loan offered to you, or not accept them at all. Remember that after you graduate, you'll have to repay any loan you borrowed during your time at DU.
Estimated Out-of-Pocket Direct Costs
This section of your aid offer provides an estimate of the amount you will pay directly to DU for the academic year. The first estimate shows what your out-of-pocket cost might be after all of your scholarships and grants are applied, without borrowing any loans. The second line shows your estimated cost if you choose to borrow the full amount of loans offered to you. There are a number of options to help you manage this unmet cost.
Next Steps to Receive Your Aid
Once you review your financial aid offer, there are additional steps you must take to receive your financial aid.
Accept/Decline Your Financial Aid
In order to receive any type of aid, it must be accepted through MyDU. To view and accept or decline each type of aid offered to you:
- Sign into MyDU.
- Click on the "Accept or Decline My Financial Aid Offer" link within the Financial Aid Information widget on your dashboard.
- Select the 2022-2023 Aid Year from the drop-down menu.
- Click on the Terms and Conditions tab, review, and click "Accept."
- Click on the Accept Award Offer tab.
- Choose Accept or Decline in the drop-down menu next to each type of aid (most DU scholarships will already be accepted on your behalf).
- If you wish to only accept a portion of a loan, type that amount in the "Accept Partial Amount" box. Remember that any amount you accept will be split evenly over your terms of enrollment — i.e., fall, winter, and spring quarters (or fall and spring semesters if you're a law student).
Apply for an Additional Loan
If you need to apply for an additional loan to help cover your costs, options include applying for a Graduate Plus loan or a private education loan. Both types of loans are credit-based and are not guaranteed financing.
JD students: A Graduate PLUS loan is automatically offered to you as a part of your initial financial aid offer. You may accept, decline, or accept a partial amount of that loan. Remember that this is not guaranteed financing, and you'll need to pass a credit check with the U.S. Department of Education if you accept it. We recommend borrowing federal student loans instead of a private education loan from a bank or credit union, but if you decide to borrow a private loan, we'll need to decrease or cancel the Graduate PLUS loan offered to you.
Note for the 2022 fall term: The Graduate PLUS loan application will not become available until May. Once available, we cannot begin certifying these loans until late mid-to-late July. This means that if you apply and are approved for the loan, it will not appear on your financial aid account until that time.
Complete Loan Requirements
If you accepted a Direct Unsubsidized loan and are a first-time borrower, you must complete a Master Promissory Note (MPN) and Entrance Counseling through https://studentaid.gov/ to secure that funding:
If you are a JD student and accepted a Graduate PLUS loan, you'll need to complete a separate Master Promissory Note (MPN) through https://studentaid.gov/:
Sign Up for a Payment Plan
DU offers our graduate students quarterly payment plans, as well as semester plans for law students. The application fee is $20 per quarter plan and $30 per semester plan.
Visit the Bursar's Office to learn more.
Accept or Waive DU's Health Insurance Plan and/or Health & Counseling Services
Many students are automatically enrolled in the DU Student Health Insurance Program and in DU health and counseling services. If you are covered by another health insurance plan, you may waive participation in DU’s health insurance. A separate, optional health and counseling fee is charged per quarter, which provides many free and discounted services at DU’s Health & Counseling Center.
More information about this program, including instructions on how to waive participation, is available on the Bursar's Office website.
For Graduate Students
These resources will help you understand your aid offer, estimate your bill and determine your next course of action.
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