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?
Renewal of AidThe Office of Financial Aid attempts to award aid each year consistent with the student's prior year awards as long as funds are available and provided the student continues to meet the eligibility requirements of each aid program.
For renewal of aid in a new term follow the steps below:
- Complete the DBU Supplemental Application for Financial Aid and submit to the Office of Financial Aid by the March 15 priority date, the date for which a student is to be considered for maximum aid.
- Complete the FAFSA as early in the calendar year, before the new term, as possible.
NOTE: For most aid programs the financial aid year begins in the Fall and ends with the Spring term.
Summer is considered a "trailer" to the previous financial aid award year. Eligibility for Summer assistance is determined by submission of the DBU Summer Supplemental and the prior year FAFSA results. It is not part of the renewal of aid process. IMPORTANT NOTE: There could be little to no loan funds left for summer classes if a student has used their annual loan limits during the Fall and Spring terms. It is always wise to limit borrowing to just what is needed to supplement costs for each term of enrollment.
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.