Urgent Notice to Illinois MAP Grant Recipients
Illinois MAP Grant Recipients: If you are returning for 2014-2015 academic year, and you have not yet filed your FAFSA, time is running out. It is anticipated that the MAP program funding could close at any time. File now before it is too late.
Apply Now for 2014-2015 Financial Aid
Now is the time to file your Free Application for Federal Student Aid (FAFSA)
for the 2014-2015 academic year. You should complete the FAFSA as soon as possible. Filing your FAFSA by February 15, 2014
assures full consideration for all types of financial Aid. If you file your FAFSA after February 15, aid will be based on abailable funding. Therefore, do not continue to delay, as funds may run out and you may lose your chance to be considered.
If you have not yet filed your 2013 tax return, please file your FAFSA with your estimated information, and update your FAFSA after you complete your 2013 income tax return.
Please do not delay: go to www.fafsa.gov
and complete your FAFSA today. Don't miss out on your opportunity for funding.
Important Spring Quarter Disbursement Information: Please take note of the Spring quarter financial disbursement schedule
For students who meet all financial aid eligibility requirements, Spring quarter financial aid will be disbursed according to the following schedule:
- Spring quarter financial aid disbursements begin: Monday, March 24.
- After April 2nd financial aid disbursements will occur weekly, on Wednesday.
Please remember that financial aid disbursements are applied as credits to your student account after 5:00 PM on the scheduled disbursement date. If your financial Aid results in a credit balance and you are eligible for a refund, the refund process will begin on the following day.
Federal Direct Loan Interest Rates Update
The Bipartisan Student Loan Certainty Act of 2013 was signed into law on Friday, August 9, amending the formulas used to calculate Federal Direct Student Loan interest rates. Under this Act, Federal Direct Student Loan interest rates will be tied to the financial markets, and interest rates will be determined each June for new loans being made for the upcoming award year (defined as July 1 through June 30). Each loan will have a fixed interest rate for the life of the loan.
The new rates for the period July 1, 2013 through June 30, 2014 are as follows:
|Federal Direct Subsidized & Unsubsidized Loans (Undergraduates)
|Federal Direct Unsubsidized Loans (Graduate or Professional Students)
|Federal Direct PLUS Loans (Parents of Dependent Undergraduates and Graduate or Professional Students)
More about the revised federal student loan rates is available at the Student Aid website.
Attention Federal Student Loan Borrowers
The Department of Education has recently announced a new student loan repayment option called "Pay As You Earn." This new repayment option is designed to lower monthly student loan repayments, based on a borrower's monthly income. This new repayment option is particularly applicable to borrowers whose present loan repayments are high relative to their monthly income. You can learn more about this new development in loan repayment options at Student Aid on the Web.
Financial Awareness Counseling
Visit the U.S. Department of Education's Financial Awareness Counseling:
You can learn the basics of financial management, see your current federal student loan debt (and your other student loan debt if you enter information about your private student loans), and obtain an estimate of what your student loan debt is likely to be at the time you leave school.
Need to Submit Financial Aid Forms and Documents?
All financial aid forms and documentation can be uploaded at our secure document upload website
. Please note that forms and documents uploaded at our secure document upload website must be in PDF, JPG, GIF, PNG or TIF formats and the documents cannot be password protected.
Forms and documentation can also be submitted in person at DePaul Central in both the Loop and Lincoln Park campuses or by fax to (312) 362-5748 or by mail to:
Office of Financial Aid
1 East Jackson Blvd.
Chicago, IL 60604
Attention First-Time Loan Borrowers
Are you receiving loans? Have you completed your loan requirements?
View our Direct Loan Requirements Guide describing the student loan electronic requirements.
Monitor Your Financial Aid through Campus Connect
is your best resource to monitor your financial aid at DePaul. Your To-Do List will inform you of needed documentation or forms and you can see your financial aid awards anytime. To view your student account activity navigate to: For Students >> Campus Finances >> Tuition & Account >> View My Tuition Account.
External Scholarship Opportunities
Have you applied for graduation? Do you have student loans?
All federal student loan recipients who have applied for graduation are required to complete online exit counseling prior to graduation. This exit counseling will help you understand the next steps with your student loans.
DePaul University is honored to serve veterans and active-duty members of the United States military and their dependents. DePaul University participates in all major VA Educational Benefit programs, and is a proud participant in the Yellow Ribbon program.
DePaul University is pleased to offer an accelerated undergraduate admission process to returning veterans students. For more information, please contact the Office of Admission
Get Answers Via Online Chat
Chat live with staff in DePaul Central daily from 9:00 a.m. - 5:00 p.m. (CST). Please visit the DePaul Central website
and click on the "Chat With Us Live" button.