Once your application file is complete, our office reviews the information provided on your Free Application for Federal Student Aid (FAFSA)
. We review your Estimated Family Contribution (EFC) -- that is, the ability of you and your family to contribute to your education, determined by the results of your FAFSA. At the same time, we estimate your educational costs according to your program of study, anticipated enrollment level and housing plans. The difference between your educational costs and your Estimated Family Contribution (EFC) from your FAFSA is your financial need.
Understanding Cost of Attendance
The Office of Financial Aid uses what is called a “standard cost of attendance budget” to calculate your estimated educational costs. A standard cost of attendance budget represents typical costs for students during the academic year, based on anticipated enrollment and variables such as dependency status and living arrangements (on campus, off campus, or with parents).
A standard cost of attendance budget includes both direct and indirect educational costs for the nine-month academic year:
- Direct costs are items that will be charged directly by DePaul. They include tuition and fees and, if you plan to live on campus, estimated on-campus room and board.
- Indirect costs are items such as books and supplies, off-campus housing, transportation, and personal expenses. These expenses are estimated, based on average expenses incurred by students in the Chicago area. Indirect costs are not payable to the university. They are estimated to assist you in budget planning.
Below are typical standard undergraduate costs of attendance budgets for the 2015-16 academic year. These budgets represent estimated average costs for undergraduate students attending full-time during the academic year, based on dependency status and living arrangements indicated on the FAFSA. Your actual costs may vary from the standard cost of attendance reflected below, depending on your academic program, your course load, your housing arrangements, and your individual circumstances.
Below are typical standard costs of attendance budgets for graduate and professional students. These budgets represent estimated average costs for graduate or professional students attending full-time during the academic year. Your actual costs may vary from the standard cost of attendance reflected below, depending on your academic program, your course load, your housing arrangements, and your individual circumstances.
||Graduate student on campus or in an off-campus housing
||Professional student on campus or in an off-campus housing|
|Tuition and fees
||Click here for Student Accounts
||Click here for Student Accounts|
|Books and Supplies
|Room and Board
|Average Loan Fees
Need and Awarding
The difference between your educational costs and your Expected Family Contribution (EFC) is your financial need. After calculating your need, we will put together your financial aid award and send you a financial aid award notice. This notice will direct you to the Financial Aid section of Campus Connect so that you can view the sources available to help you pay your educational expenses. Your award will consist of a package of financial aid programs for which you have eligibility. It is important that you accept online the financial aid awards that you wish to receive.
In general, we begin reviewing FAFSA results and creating financial aid packages in March for the academic year that begins in September. The review and award process continues on a rolling basis throughout the academic year. If at any time you have any questions about your application or award status, please contact the Office of Financial Aid.
If we need additional information from you during our review process, we will notify you by e-mail.