Classes start every 8 weeks

Frequently Asked Questions

Financial Aid Tuition FAQs

General Information

How is financial need determined?

What is included in a financial award?

When do I need to complete the financial aid process?

How do I apply for a DeVry University scholarship?

How will my financial aid change if I receive a scholarship or grant?

What if I don't qualify for need-based aid?

What if my personal or financial information changes after I complete the financial aid process?

How do I obtain more information about education tax credits?

Student Loans

How much loan money can I borrow?

Do I have to accept all of the loan funds I am offered?

What is the interest rate on a student loan?

What is the difference between subsidized and unsubsidized loans?

How often do I need to complete the Master Promissory Note (MPN)?

The Master Promissory Note (MPN) is good for ten (10) years in most cases.
 

When can I expect my credit balance?

Disbursements occur between weeks two through five of each session. Credit balances will be mailed within 14 days from the date of the resulting credit balance on your student account. If you are eligible for a credit balance and have not received your check within 14 days of your credit balance notification, please contact us at that time.
 

Status Changes

What happens to my financial aid if I withdraw?

Federal Return of Funds Policy
According to federal regulations, a federal refund calculation must be performed if a student financial aid withdraws completely from all classes after the start of the enrollment period. Length of enrollment is equal to the number of calendar days, including weekends and holidays, in the periods in which the student was registered. However, breaks of five days or more are excluded. The withdrawal date is the date the student begins the official withdrawal process – electronically, in writing, in person or by telephone, whichever is earliest – or otherwise officially notifies the institution of his/her intent to withdraw. For a student who withdraws without notification, the school may use either the last date of academic attendance or the midpoint of the enrollment period as the withdrawal date. Failure to notify the Financial Aid Office of a withdrawal may result in additional tuition liability. Return of funds is calculated as follows:

    •  If the student's percentage of enrollment period completed is greater than 60 percent,         the student has earned
        – and must repay – 100 percent of the federal aid received.
    •  If the student's percentage of enrollment period completed is 60 percent or less, the         calculated percentage of enrollment will be used to determine the amount of aid         returned.

Return of funds occurs in the following order:
1.   To the Federal Direct Unsubsidized Loan program
2.   To the Federal Direct Subsidized program
3.   To the Federal Perkins Loan program
4.   To the Federal Direct PLUS Loan program
5.   To the Federal Pell Grant program
6.   To the Federal Supplemental Educational Opportunity Grant (FSEOG) program
7.   To other Title IV aid programs
8.   To state grant programs, and/or to private or other institutional aid programs
9.   To the student

Tuition refunds are calculated independently from financial aid award (or return) calculations. Official course withdrawal requests must be submitted to the appropriate academic administrator or an online student services advisor either in person or in writing. Review the Academic catalog for complete information regarding withdrawal policies.

If you withdraw from any course before Week 5, your tuition may be reduced in accordance with DeVry University policies. If such a reduction occurs, the amount of adjustment will be returned to your lender as an early repayment of funds. Also, under U.S. Department of Education policy, the amount of expenses to which you are entitled may be prorated if you withdraw from a class. This amount will be calculated from software provided by the U.S. Department of Education; and any amount adjusted will be returned to your lender and charged back to your DeVry University account. Thus, you may have already have received a refund check and an adjustment will be made to your account resulting in a balance. You will be required either to pay that balance before you are allowed to register for your next class or, in some instances, arrangements may be made to pay the balance with funds from your next loan disbursement.

When funds are returned to the lender, it is assumed that a student is no longer attending class and is not returning, so future disbursements are canceled. For that reason, if you drop a class and plan to attend class the following term you should submit a request to the DeVry University Student Finance Office at http://help.devry.edu to have your loan reinstated.

What happens to my loan if I need to take a semester off?

When a student is unable to attend a term, future disbursements are canceled. You must submit a request to have your loan reinstated to the DeVry University Student Finance Office at http://help.devry.edu.
 

Fixed Tuition Promise

How is the Fixed Tuition Promise different from the Tuition Freeze announced last year?

What happens to my tuition if you lower your rates in the future? Do I still pay more?

Will my tuition rate remain locked-in even if I do not meet Satisfactory Academic Progress (SAP) requirements, or if I’m placed on financial aid warning (academic warning)?

If I change my program, will my tuition rates go up?