Financial Aid The Daniels College of Business and the University of Denver support qualified students with several types of financial assistance. If you are a U.S. citizen, we recommend that you complete the Free Application for Federal Student Aid (FAFSA). This federal form is available by January 1 each year for the following academic year, and can be accessed at www.fafsa.ed.gov . These applications must be submitted to the University of Denver Office of Student Financial Services. Additional information is available at http://www.du.edu/finaid. Scholarships Merit-based scholarships - The majority of merit-based scholarships are offered at the time of acceptance to a Daniels graduate program. These offers are based on extraordinary academic performance and relevant work experience. The GMAT is required of all those wishing to be considered for merit-based scholarships. There is no separate scholarship application - decisions are based on the graduate school admission application. Candidates must have a GMAT score of at least 600 to be considered. In most cases, a minimum of two years post-baccalaureate, relevant work experience is also necessary. The undergraduate grade point average (GPA) is also considered, as well as admission essays and letters of recommendation. An admission interview is also required - information about that process is furnished upon receipt of the graduate school application. Most merit-based scholarships range from $2,000 - $15,000 total, disbursed equally over the duration of a student’s program. A limited number of Dean's Scholarships, ranging from $15,000 - $25,000 may also be awarded, depending on availability of funds. U.S. citizens and international students are eligible for consideration. Merit- and need-based scholarships may be awarded after the student has confirmed their attendance at Daniels, and range from $1,500 - $6,000/year, for a maximum of two years. These scholarships are dependent on a strong academic performance, as well as level of need as determined by the Free Application for Federal Student Aid (FAFSA). To be considered, the student must be a U.S. citizen. These applications must be submitted to the University of Denver Office of Student Financial Services. top of page Loans Federal Direct/Stafford Loans are the most common type of aid for graduate students. Eligibility and means of distribution are determined by the University Office of Student Services. Unsubsidized Loans - Students may borrow a total of $18,500 per year, consisting of any combination of unsubsidized and subsidized loans, depending on the eligibility of the applicant. It is possible to qualify for $18,500 in unsubsidized loans (not based on need), or the difference between $18,500 and the amount awarded for a subsidized loan. Enrolled students must make interest payments on unsubsidized loans. Subsidized Loans - A maximum of $8,500 per year is need-based and interest free while a student is enrolled in a graduate program. After a six-month grace period following graduation, loan repayments begin. Perkins Loans - The federal government also funds the Federal Perkins Loan. A limited amount of awards are available, based on financial need. These are low interest loans, and the interest does not accrue until the repayment period begins. There are no guarantees or origination fees, and payments are not due until nine months after graduation, or if a student falls below half-time enrollment status. All loans require the submission of the Free Application for Federal Student Aid (FAFSA). Applicants must be U.S. citizens. top of page Student Employment Graduate Work Study positions are available for graduate students who demonstrate financial need as determined by the FAFSA form. Applicants must be U.S. citizens. Most positions consist of seven to 10 hours of work per week. Compensation is $10 - $11/hour. Other student employment opportunities - contact the University Office of Student Financial Assistance, or visit http://www.du.edu/finaid for more information. top of page Helpful Hints About Applying For Financial Aid: Before any financial aid is awarded, you must be admitted as a graduate student. U.S. citizens applying for need-based assistance must submit the Free Application for Federal Student Aid, available at www.fafsa.ed.gov. This application must be submitted to the University Office of Student Financial Services. Additional information is available at http://www.du.edu/finaid. Do not wait to be admitted before starting the application process for financial aid - this normally takes four to six weeks at a minimum. Apply to the graduate school early - preferably by March 15 for Fall quarter entry, and December 15 for Spring quarter entry. Financial aid is awarded on a funds-available basis. . Continuing students who applied for financial aid last year should complete the renewal application mailed to them in December. Students who did not receive a renewal FAFSA may complete a regular FAFSA, but not both. Reapply for financial aid annually. Need-based aid can change. Most scholarships and grants require full-time enrollment (8 credit hours). When completing financial aid forms, please be sure to include the current "Institutional Verification Form (IVF)". The mailing address for Federal forms is: Office of Student Financial Services University of Denver University Hall, Suite 223 Denver, CO 80208 For questions, call 303.871.4020, or visit their website at http://www.du.edu/finaid. For more information on financial aid searches through the Web, go to http://www.fastweb.com top of page Other Financial Information Veteran Advisory Services - The University of Denver has been approved by the Veterans Administration for all degree programs. Benefits are paid to all eligible veterans and military service people who are candidates in degree programs. Veterans' benefits pay approximately one-third to one-half of the total cost of tuition and fees. It is possible to collect veterans' benefits along with other financial aid, scholarships, and employee reimbursements. Contact the veteran's representative in the Registrar's Office in University Hall, or at 303.871.4083. Employer Reimbursement Program - The University encourages participation from students who tuition is reimbursed by their employers. The reimbursement program allows students to defer payment until after final grades have been distributed each quarter. For more information, contact the Office of Student Financial Services at 303.871.4900. The Employer Reimbursement Agreement form can be accessed at http://www.du.edu/bursar/forms/. Agency Billings - The Office of Student Financial Services will invoice a third party that has authorized the University to invoice it directly. The Office must receive this letter of authorization at least four weeks prior to the start of the quarter. A processing fee is associated with this billing procedure, and it is the student's responsibility to satisfy a