Summer Financial Aid Update
In this update:
If you're planning to take classes during the summer quarter and need financial aid (including loans), you need to submit a summer aid application through PioneerWeb. The final deadline to submit this application is Friday, June 16th. After an advisor has reviewed your application, you'll receive an email with information about your summer aid options.
Your DU tuition bill is due on June 9th. On that date, your financial aid for summer 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:
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, June 13th. If you have direct deposit, you can expect to see that refund in your bank account on June 14th.
Wondering when you'll receive your financial aid award letter for the 2017-18 school year? If you've applied for aid and completed all outstanding requirements, you should receive your award letter via email within the next week or so (if you haven't already). These emails will be sent to your 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 you submitted the application and were chosen by your department to receive a scholarship but don't see it on your award letter, it should be added to your account shortly.
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%).
Are you graduating at the end of spring quarter and want to better understand the student loan repayment process? Attend an upcoming workshop! To learn more and to register, visit our website.