Welcome to the Office of Financial Aid Student Online Resource. Please check below for news, updates and alerts. For general financial program information or forms, follow the links on this page. We are here to help. If you have questions, contact our office for assistance.
NEWS AND ALERTS
APPLY NOW FOR 2008-2009 FINANCIAL AID
The 2008-2009 Free Application for Federal Student Aid (FAFSA) became available on January 1, 2008. You should complete this form as soon as possible, and preferably before March 15, 2008, to assure full consideration for all types of financial aid. If you have questions about the FAFSA, or you are unsure about the process, please contact our office for assistance.
EXTERNAL SCHOLARSHIP OPPORTUNITIES
Sigma Phi Epsilon Balanced Man Scholarship:
The Balanced Man Scholarship is offered to men who excel in the areas of academics, leadership, athletics and community service. If you are interested, read the scholarship requirements and download the application.
W. Joseph Gartner Memorial Scholarship:
School of Education students who are studying in the fields of autism, communication disorders and \ or pervasive beahvior disorders and are interested in scholarship opportunities should read the scholarship requirements and download the application.
Community Services Block Grant Scholarship (CSBG):
Student who reside in Chicago and meet CSBG income requirements should read the scholarship requirements and download the application.
Teacher Education Assistance for College and Higher Education ( TEACH Grant)
Please note that this information is preliminary and we will pass along more information as it becomes available. Information about the TEACH grant awarding process at DePaul will be available on this web site after July 1, 2008.
The Teacher Education Assistance for College and Higher Education (TEACH Grant) is a new federal grant program, announced for the 2008-2009 academic year, for students who plan to teach in a public or private elementary or secondary school that serves students from low-income families.
The TEACH grant provides up to $4,000 per year. In exchange for receiving the TEACH Grant, you must agree to serve as a full-time teacher in a high-need field in a public or private elementary or secondary school that serves low-income students. As a recipient of a TEACH Grant, you must teach for at least four academic years within eight calendar years of completing your program of study for which you received a TEACH Grant.
IMPORTANT: If you fail to complete this service obligation, all TEACH Grant funds that you received will be converted to a Federal Direct Unsubsidized Stafford Loan. You must then repay this loan to the U.S. Department of Education. You will be charged interest from the date the grant(s) was disbursed.
For more information you should visit the TEACH grant web site.
SPECIAL UPDATE: Recent Legislation Enhances Student Loan Benefits
Legislation has been passed that will significantly benefit undergraduate students who borrow federal student loans, and their parents who borrow Federal Parent Loans (PLUS). Preliminary information about the legislation is described in brief below. Please note although this legislation takes effect after July 1, 2008, the U.S. Department of Education has not yet issued regulations or implementation dates. We will continue to monitor updates to this legislation and keep you informed on this web site.
This legislation will make additional unsubsidized loan funds available to undergraduate students. This additional loan eligibility would add the option of an increased $2,000 in annual Federal Direct Unsubsidized Student Loan funds to eligible students whose costs support this increased loan amount.
We anticipate that we will send all eligible students a revised award notice, reflecting this increased eligibility, as soon as we receive full information from the U.S. Department of Education. Eligible students will have the option of accepting this additional $2,000 loan, reducing any PLUS or private loan funds by this amount.
This legislation also allows parents to choose to defer payments on a 2008-2009 Federal Parent Loan (PLUS) until six months after the date the student ceases to be enrolled at least half time. Accruing interest could either be paid by the parent borrower monthly or be capitalized quarterly.
OBTAINING LOANS AT DEPAUL
Due to recent media coverage, we know that families may be wondering if the "student loan crisis" will affect DePaul's ability to provide loans to students. We assure you that students at DePaul will continue to have access to federally guaranteed student loan programs for the foreseeable future. Please visit our Obtaining Loans web page for further information.
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