Congress has passed and the President has signed the Bipartisan Student Loan Certainty Act of 2013, which ties federal student loan interest rates to financial markets. Under this Act, interest rates will be determined each spring for new loans being made for the upcoming award year, which runs from July 1 to the following June 30. Each loan will have a fixed interest rate for the life of the loan.
The following table provides the interest rates for new Direct Loans made on or after July 1, 2015, and before July 1, 2016. These rates will apply to all new Direct Loans made during this time.
In May of 2015, Federal Student Aid (FSA) will implement a new login process for student and borrower-based websites including FAFSA on the web, NSLDS Student Access, Studentloans.gov, Studentaid.gov and the TEACH Grant website. The new FSA ID will replace the Federal Student Aid PIN and will be comprised of a username and password that you will create.
This change is being made to eliminate the need for individuals to enter personal identifiers such as a Social Security Number, Name and Date of Birth to access FSA systems. Existing users with a Federal Student Aid PIN will be able to link their PIN information to the FSA ID.
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.
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.
Need to Learn More about Student Loan Repayment options?
Take some time to visit studentloans.gov
to learn about the wide array of repayment options you have for your student loans, including the "Pay As You Earn" repayment option. Pay as You Earn is designed to lower monthly student loan repayments, based on a borrower's monthly income. You can learn more about Pay as Your Earn in “Repay Your Loans” at studentloans.gov
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