Financial Aid FAQ's

Determination of Financial Aid

After the Office of Financial Aid has received a student's FAFSA information and DBU Supplemental Application for Financial Aid, the student's financial need and types of awards for which he/she qualifies may then be determined.

The Office of Financial Aid, working within the Federal government's policies set to measure need, determines the student's "financial need" using the following formula:

             

As illustrated above, the Federal formula compares a family's income and savings to the cost of attendance for the college the student plans to attend. If a student is determined to demonstrate financial need, the Office of Financial Aid then makes every effort to assist the student in meeting his/her determined financial need using all resources available. Both need-based and non-need based aid -in the form of Federal and State programs, as well as institutional aid, could be available to meet that need.

Financial Aid Counselors are available to discuss any question a student or his/her family may have regarding the student or family's financial situation.
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The IRS Data Retrieval Tool (DRT) on the Free Application for Federal Student Aid (FAFSA) is currently unavailable and is expected to continue to be unavailable until fall 2017.

This inconvenient outage does not prevent students and parents from completing the FAFSA. It may still be completed using their 2015 tax information for both the 2016-17 and 2017-18 financial aid years. 2015 tax information will, however, need to be entered manually in those fields on the FAFSA as long as the DRT is unavailable.

For more information, view this video.

If you have any questions, please contact the Office of Financial Aid at 214-333-5363 or finaid@dbu.edu.

 

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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.