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 and Academic Load
Students attending full-time will be awarded aid based on full-time enrollment.
The Office of Financial Aid attempts to award students using the most current information available related to the expected enrollment level. However, students are cautioned that dropping classes after being awarded on a full-time basis may affect their eligibility for certain types of aid.
Students dropping or withdrawing from any classes, who cease to be enrolled full-time, may be subject to an adjustment of their previously awarded aid as eligibility requirements for each individual Federal and State, or institutional award have regulation and policy criteria attached. The Office of Financial Aid reserves the right to reduce the student's aid based upon this change in enrollment.
For the purposes of Financial Aid budgeting and awarding:
- Undergraduate students must be enrolled in at least twelve (12) credit hours or more during a semester or term (Fall, Spring and/or Summer) to be considered as full-time.
- Undergraduate students taking nine (9) to eleven (11) credit hours are considered to be attending three-quarter time during a semester or term (Fall or Spring semester or Summer term), and
- Undergraduate students taking six (6) to eight (8) credit hours are considered to be attending halftime during a semester or term (Fall or Spring semester or Summer term).
- Graduate students must be enrolled in at least nine (9) credit hours or more during a semester or term (Fall, Spring and/or Summer) to be considered full-time.
IMPORTANT NOTE: For purposes of estimating award amounts on the award notification letter, the Office of Financial Aid uses an expected full-time enrollment of 15 hours per semester.
The estimated amounts for scholarships and grants that are paid per semester hour will be adjusted to the actual number of hours enrolled at registration.
Awards offered in set amounts may, in some cases, be pro-rated for enrollment that is less than full-time (12+ hours).
Again this year, the Federal government is offering a number of tax incentives
(some of which were set to go away)
that could help lower the cost of higher education for some families.
Follow the link below to learn about some of these incentives that may be available to you as you prepare your 2016 axes.
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.