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The aid listed on students' financial aid offers is not necessarily guaranteed—there are certain requirements you must meet to receive your aid and maintain eligibility. If you attend DU, it's important to understand both the institutional and federal policies that may impact your financial aid so there are no surprises down the road.
Application Requirements
Remember, the aid offer students receive is only for the 2022-23 academic year. While merit scholarships are renewed automatically, all need-based aid and student loans require students to reapply for financial aid every year.
Enrollment Requirements
All types of aid require that students be enrolled in a degree-granting program, but there are more specific enrollment requirements tied to each form of aid.
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Students must maintain full-time enrollment (12 credits or more) to remain eligible for merit scholarships, the Residence Hall Grant, the DU Educational Grant, and the Federal Supplemental Educational Opportunity Grant.
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Half-time enrollment (6 credits or more) is required to remain eligible for work-study, the Colorado Student Grant, and any federal student loan (including the Parent PLUS loan).
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The Federal Pell Grant is prorated for students enrolled less than full time, and merit scholarships may be prorated for students who are enrolled in less than 12 credits during their last term prior to graduating.
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Merit scholarships are renewed for up to 12 quarters (excluding summer) or until a bachelor's degree is earned, whichever comes first.
On-Campus Housing Requirement
Students are eligible for the Residence Hall Grant only while residing in on-campus residence halls or in campus-approved apartments. Students who live off-campus can no longer receive this grant.
Satisfactory Academic Progress
Federal regulations require our office to monitor the academic progress toward the completion of a degree for all students receiving financial aid. This policy (known as Satisfactory Academic Progress) requires students to meet three minimum standards in order to continue receiving aid:
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maintain a Cumulative Grade Point Average of 2.0 (2.5 for accounting majors),
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complete and pass a minimum of 66.6% of all courses attempted (known as the Cumulative Completion Rate), and
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complete degree requirements within 150% of the minimum credits required to graduate (known as the Maximum Time Frame limit).
Students who are not maintaining Satisfactory Academic Progress must be placed on financial aid suspension. Learn more about this policy on our website.
Other Scholarships
The requirements for gift, endowed, and private scholarships vary depending on the department, donor, or private organization that awarded the scholarship. If you receive this type of aid, check with the department or donor directly for information on specific policies.
That's it for this week! If you have any questions about financial aid policies, don't hesitate to contact us.
Want to review past Financial Aid 101 emails? Check out the archives!
Up next week: Next Steps and What to Expect Going Forward
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