Awarding & Disbursing Financial Aid
The following information highlights the awarding and disbursement processes for all financial aid.
The Awarding Process
Loans will be awarded typically 2-3 weeks after all of the application steps are complete. Students will receive an Award Letter email with the specific information processed by the student in the online interview.
Scholarship applications will be evaluated by the Scholarship Committee on a monthly basis, beginning 2-3 weeks after the priority deadline. Notification emails with results will be sent out by the end of each month. Applications for students who did not receive an offer will remain active for each additional Committee meeting, as necessary.
The Disbursement Process
All finalized aid will show on the student account as "Pending Aid." Students will be cleared for all pending aid for the Financial Clearance Deadline, which is typically 6 business days before the start of the semester.
Loans will be disbursed to the student account no earlier than 10 calender days before the start of the semester. Institutional aid (scholarships, grants, tuition discounts) will be disbursed to the student account no earlier than the drop/add date (10 business days after the start of the semester).
Refund checks will be mailed to students on the Friday after a credit balance is created. Please ensure that the has the correct address on file before checks are mailed out. Addresses can be verified and changed on MyDenSem (click on "Personal Info" on the top left of the screen, then the "Biographical Info" tab, then the pencil icon next to "Name and Address").
