Once your application file is complete, our office reviews the information provided on your Free Application for Federal Student Aid (FAFSA). In that review, we consider the ability of you and your family to contribute to your education called your Effective Family Contribution (EFC) on your FAFSA results. 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 Expected Family Contribution (EFC) is your financial need.
UNDERSTANDING COST OF ATTENDANCE
Your Cost of Attendance (COA) includes both direct and indirect educational costs. Direct costs are items that will be charged directly by DePaul. They include tuition and fees and, if you plan to live on campus, on-campus room and board. Indirect costs such as books and supplies, off-campus housing, transportation and personal expenses have been estimated based on average expenses for the Chicago area. Indirect costs are not payable to the university. They are estimated to assist you in budget planning.
The budget items are calculated as follows:
- Tuition and Fees are based on projected full-time enrollment in the college to which you are admitted.
- Books and Supplies represent an estimate of the annual costs you will incur for these required materials.
- Housing and Board costs are estimated for all students based on the housing plan indicated on the FAFSA. (Only students who live on campus will be responsible for paying their housing and board costs directly to the university.)
If you indicated that you plan to:
- live on campus, this figure is an estimate based on average residence hall room and board rates. (Please refer to your housing contract and/or university bill for actual charges.)
- live in an off-campus apartment, this figure is an estimate based on average living expenses for the Chicago area.
- commute from home, this figure reflects an estimate of costs associated with commuting from home.
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 Connection 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 financial aid office.
If we need additional information from you during our review process, we will notify you by e-mail.
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