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FINANCIAL AID
www.du.edu/financialaid

Summer Financial Aid Update

University of Denver Financial Aid

In this update:

  • Summer Aid Application Reminder
  • Summer Quarter Disbursement of Aid and Refunds
  • 2017-18 Financial Aid Award Letters
  • 2017-18 Student Loan Interest Rates
  • Student Loan Repayment Workshops
  • Upcoming Important Dates

Summer Aid Application Reminder

If your student is planning to take classes during the summer quarter and needs financial aid (including loans), a summer aid application must be submitted through PioneerWeb. The final deadline to submit this application is Friday, June 16th. After an advisor has reviewed the application, your student will receive an email with information about summer aid options.

Learn more about the application process and eligibility for both institutional and federal aid on our website.


Summer Quarter Disbursement of Aid & Refunds

The summer quarter tuition bill is due on June 9th. On that date, your student's financial aid for summer quarter will disburse to his or her student account and will pay toward current charges—as long as all financial aid requirements are satisfied.

In order to receive financial aid, students must:

  1. be registered for classes,
  2. have accepted all financial aid through PioneerWeb, and
  3. have no outstanding requirements.

Expecting a refund? If the amount of financial aid that disburses is more than the total of your student's charges, a refund will be generated by the Bursar's Office on Tuesday, June 13th. Students who have direct deposit can expect to see that refund in their bank account on June 14th.

Learn more about billing and disbursement >>


2017-18 Financial Aid Award Letters

Current students who have applied for aid and completed all outstanding requirements should receive their award letter via email within the next week or so (if they haven't already). These notifications are sent via email to the student's preferred email address; no paper letters are mailed to current students.

Note: Students will be notified in mid-June if they received a departmental scholarship (July for Daniels College of Business scholarships). If your student submitted the application and was chosen by his or her department to receive a scholarship but it doesn't appear on the award letter, it should be added shortly.


2017-18 Student Loan Interest Rates

The Bipartisan Student Loan Certainty Act of 2013 ties federal student loan interest rates to the financial markets. Under the Act, interest rates are determined each spring for new loans being made for the upcoming award year. Each loan has a fixed interest rate for the life of the loan.

Interest rates for loans first disbursed between July 1, 2017 and July 1, 2018 will be slightly higher than those first disbursed during the 2016-17 aid year. For Direct Subsidized/Unsubsidized loans, the interest rate will be 4.45% (up from 3.76%); for Parent PLUS loans, the interest rate will be 7.00% (up from 6.31%).


Student Loan Repayment Workshops

If your student is graduating at the end of spring quarter and wants to better understand the student loan repayment process, have him or her attend an upcoming workshop! To learn more, visit our website.

 

Upcoming Important Dates

  • Friday, June 8th: Last day of spring quarter
  • Friday, June 9th: Financial aid disbursement for summer quarter
  • Tuesday, June 13th: Financial aid refunds generated by the Bursar's Office
  • Friday, June 16th: Last day to submit the summer aid application
  • Monday, June 19th: First day of classes for summer quarter
  • Tuesday, July 4th: Independence Day - University closed
  • Thursday, August 17th: Last day of summer quarter

Financial Aid • 2197 S. University Blvd • Denver, CO 80208
Ph: 303.871.4020 • Fax: 303.871.2341
finaid@du.edu • www.du.edu/financialaid

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