Financial Aid FAQ's
- How is ELIGIBILITY for financial aid determined?
- What does the AWARDING PROCESS look like?
- How is FINANCIAL AID and the AMOUNT DETERMINED?
- What is DBU's FINANCIAL AID REFUND POLICY and WHEN will I know if I am getting one?
- How do I APPLY FOR FINANCIAL AID and what is the PROCESS?
- Does the amount of HOURS I AM ENROLLED IN affect my aid?
- Are there PRIORITY DATES OR OTHER IMPORTANT DEADLINES I must know about?
- Can I LOSE MY FINANCIAL AID if I have WITHDRAWALS OR FAIL some classes?
- As a returning student what do I need to do to RENEW MY FINANCIAL AID for this year?
- What additional IMPORTANT FINANCIAL AID INFORMATION do I need to know?
Financial Aid Application Process
To apply for financial aid at DBU, applicants must complete the following items in a timely manner. In general, all application materials should be fully completed no later than 30 days BEFORE Advance Registration begins. Otherwise, the student will be expected to make payment arrangements with the Cashier's Office using personal resources at the time of registration. Late aid applications will be processed after registration for aid as it becomes available. Each scholarship program has an individual deadline that must be met in order to be considered for an award from that particular scholarship program.
The PRIORITY DATE for a completed financial aid file that will ensure a student access to MAXIMUM Federal and/or State financial aid funds is March 15.
1. The Free Application for Federal Student Aid (FAFSA) is available in paper form upon request from the Office of Financial Aid, or from a local high school. It may also be filled out online by following the link below. Applicants should complete information on themselves and their parents or spouses (whichever is applicable), and obtain the appropriate signatures as outlined in the directions for the FAFSA. If the student named DBU as a school to receive their FAFSA information, this information will be received via an electronic Institutional Student Information Record (ISIR). The student will receive a Student Aid Report (SAR) upon completion of FAFSA processing by the government.
The information collected via the FAFSA is then used by the Office of Financial Aid to determine the student's eligibility. A formula established by the U.S. Congress determines the Expected Family Contribution (EFC). The EFC is an amount the student and the student's family are expected to contribute to the cost of the student's education.
The FAFSA may be filed with the government processor in one of the following ways:
- Through the FAFSA web site. The FAFSA can be done through the internet at this link: http://www.fafsa.gov; or,
- By mail. This method is a lengthier process, so please allow four to six weeks for processing.
3. Some students may be selected for verification. If selected, the completion of this process is required by the U.S. Department of Education for students to receive Federal aid. If selected, students will be requested by letter to submit additional documentation.
Independent StatusAn independent student is one who is at least 24 years of age by January 1, of the award year. A student who has not attained this age is also considered to be independent if he/she:
- is married;
- is a graduate or professional student;
- applies for and is approved for a dependency override;
- is not married, but has legal dependents - as defined by Federal regulations;
- is a veteran of the U.S. Armed Forces, or currently serving on active duty for purposes other than training; or,
- is an orphan, in foster care, emancipated minor, homeless youth, or a ward of the court (documentation required for confirmation).
The Federal government provides a number of tax incentives that can help lower the cost of higher education. Follow the link below to learn about some of these incentives that could help you as you prepare your taxes.
Information regarding specific yearly amounts for each Federal Aid program is available in the FINANCIAL AID STUDENT GUIDE, published annually by the US Department of Education.
Click HERE to view that publication online.