In this update:
- Last day of fall quarter
- Winter quarter disbursement
- Winter quarter refunds
- University closed for winter break
- Changes to the 2017-18 FAFSA
- Applying for aid for the 2017-18 academic year
- Aid for Interterm classes
- Upcoming important dates
Last Day of Fall Quarter
The last day of fall quarter is Tuesday, November 22nd. This is also the last day any type of federal aid—including federal student loans—can be certified for the fall term. If you need any adjustments made to your financial aid for fall quarter, contact us as soon as possible!
Winter Quarter Disbursement
Your DU tuition bill is due on December 24th. On that date, your financial aid for winter quarter will disburse to your student account and will pay toward your charges—as long as all financial aid requirements are satisfied.
In order to receive your financial aid, you must:
- be registered for at least 4 credits,
- have accepted your financial aid through PioneerWeb, and
- have no outstanding requirements on the Student tab of PioneerWeb, (which is indicated by a red flag).
Learn more about billing and disbursement >>
Winter Quarter Refunds
Expecting a refund? If your financial aid is more than the total of your charges, a refund will be generated by the Bursar's Office on Tuesday, December 27th. If you have direct deposit, you can expect to see your refund in your bank account on December 28th.
Remember: DU Health insurance is only charged in the fall and spring quarters, so if you are expecting a refund for winter quarter, it may be higher than you anticipated. Did you know you can calculate your estimated refund through PioneerWeb? Go to the Student tab and click on the "Student Account by Term" link in the Financial Aid Awards box. Then, subtract your total "Term Credits and Payments" from "Term Charges." If the result is a negative number, you'll receive that amount in a refund.
We frequently have students ask, "Can I get my refund sooner?" The short answer: no. We are prohibited by federal regulations to disburse financial aid funds any sooner than 10 days before the start of the quarter. Since winter quarter begins on January 3rd, we can't disburse funds any sooner than December 24th.
University Closed for Winter Break
As a reminder, the University of Denver is closed from Monday, December 26th through Monday, January 2nd. Since our office is included in the closure, we highly encourage you to make sure all of your financial aid requirements for winter quarter are satisfied before the break. Doing this will help you avoid late fees, and will ensure you get your refund in a timely manner.
Changes to the 2017-2018 FAFSA
The U.S. Department of Education made a couple of changes to the 2017-2018 Free Application for Federal Student Aid (FAFSA). First, the 2017-2018 FAFSA became available on October 1st, three months earlier than in years past. Second, this application now uses tax data from two years prior instead of one. That means you will use 2015 tax information to complete the 2017-2018 FAFSA. Both of these changes should make it easier for all students to apply for financial aid!
Applying for Aid for the 2017-18 Academic Year
Because the 2017-18 FAFSA is already available, you can get a jump start on the financial aid application process for next year by submitting it now. But no rush—the priority deadline for current students to apply for financial aid is not until March 15th.
How to Apply:
Complete the 2017-18 FAFSA.
When to Apply:
The priority deadline for current students is March 15th.
What You'll Need:
All of your 2015 tax information. We strongly encourage you to use the IRS data retrieval tool when completing your FAFSA, which will quickly transfer your 2015 tax return data directly into your application.
Some students ask if they can wait until January or later and complete the 2017-18 FAFSA with 2016 tax information. And the answer is no. You must use 2015 data.
We will begin sending 2017-18 financial aid award letters to those with completed applications in late May or early June.
Learn more about applying for financial aid or download the application checklist.
Aid for Interterm Classes
Remember: Federal loans are not available to pay for interterm classes. If you are taking an Interterm course and need financing, you may want to consider borrowing a private education loan.
The terms and conditions of private loan programs vary, so you should carefully review the details of your loan options before selecting a lender. We encourage you to utilize our Preferred Lender List to compare lenders according to overall cost, interest rate, and repayment benefits.
Learn more about private education loans >>
Upcoming Important Dates
- Saturday, December 24th: Financial aid disbursement for winter quarter
- Monday, December 26th - Monday, January 2nd: Winter break - University closed
- Tuesday, December 27th: Financial aid refunds for winter quarter generated by the Bursar's Office
- Tuesday, January 3rd: First day of classes for winter quarter
- Monday, January 9th: Last day to add or drop classes at 100% for winter quarter
- Monday, January 16th: Martin Luther King Jr. Day - University closed
- Wednesday, March 15th: Priority deadline for current students to apply for 2017-18 financial aid
If you have any questions about the information in this update, please contact us! Happy holidays!
Financial Aid Staff