By DeVry University
March 11, 2021
5 min read
March 11, 2021
5 min read
Are you interested in pursuing a degree, but unsure how you can pay for it? Fortunately, there is help. Here’s a “financial aid 101” breakdown of what you need to know about the various ways to finance your college education.
No repayment required
Privately administered
No interest or fees
No repayment required unless you fail to meet the requirements of a specific grant
Both federal and private options are available
No interest or fees
Repayment required
Both federal and private loans are available
Interest is charged, though the federal government pays the interest on subsidized loans while you are in school or a qualified deferment
You’re an undergraduate student under age 24
You are unmarried with no dependents
You have not served in the military or been a ward of the court
Specific school-based forms may be required, as well as separate applications for private loans, scholarships and grants.
Your school financial aid office will receive the results of your FAFSA and put together a financial aid package for you to review. After reviewing your package, you can decide whether to accept all, some or none of the aid. You’ll need to sign forms (including a promissory note for any loans) for all financial aid you choose to accept.
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In New York, DeVry University operates as DeVry College of New York. DeVry University is accredited by The Higher Learning Commission (HLC), www.hlcommission.org. The University’s Keller Graduate School of Management is included in this accreditation. DeVry is certified to operate by the State Council of Higher Education for Virginia. Arlington Campus: 1400 Crystal Dr., Ste. 120, Arlington, VA 22202. DeVry University is authorized for operation as a postsecondary educational institution by the Tennessee Higher Education Commission, www.tn.gov/thec. Naperville Campus: 1200 E. Diehl Rd., Naperville, IL 60563. Unresolved complaints may be reported to the Illinois Board of Higher Education through the online compliant system http://complaints.ibhe.org/. View DeVry University’s complaint process https://www.devry.edu/compliance/student-complaint-procedure.html Program availability varies by location. In site-based programs, students will be required to take a substantial amount of coursework online to complete their program.
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