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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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.