DePaul University > Admission & Aid > Financial Aid > Financial Aid Basics > Complete Award Process
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. The EFC is calculated by a formula established by the federal government.
(Note: The EFC is only a benchmark. It is used by DePaul and by federal and state programs to determine the types of aid for which you are eligible. Your own family’s contribution to your student’s education may be more or less than this amount.)
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 EFC is your financial need.
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.
After calculating your need, we will put together your financial aid award and send you a notice. It 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 are eligible. It is important that you accept online the financial aid awards that you wish to receive. There will also be guides on Campus Connect to help you understand your award package.