DePaul University > Admission & Aid > Financial Aid > Financial Aid Basics
“Financial aid” is a broad term that encompasses a variety of options, from gift aid that you don’t have to repay and loans that you do need to repay, to employment programs like work-study or assistantships. Review the types of aid and their requirements.
The types and amounts of aid you can receive are based on many factors, including your citizenship status, year in school, cost of attendance, and financial need. See more about how financial need is calculated here.
You’ll automatically be considered for most types of aid when you complete the Free Application for Federal Student Aid (FAFSA).
Apply for Aid lists all the steps to complete the application.
Pay close attention to
Important Dates — many aid programs operate on a first-come, first-served basis.
We may need to ask you for more information once you have completed your application. We will contact you if this is the case, but you can also see any required to-do items on Campus Connect at any time.
Once we have your application and any required documentation, our team begins the award process. We will notify you when we’ve determined your award offer. You can
monitor your awards and your account through the student portal,
In most cases, your aid will be credited to your account — a process called disbursement — at the start of each term. Learn more about how you’ll
receive financial aid funds.
Family Educational Rights and Privacy Act of 1974 (FERPA) covers the privacy of student records maintained by institutions such as DePaul. FERPA ensures that you can inspect your own records, correct any incorrect information, and determine what information, if any, that DePaul may release about you. Learn more:
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