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Tuition And Financial Aid

Students in the library

Financial Aid Affects Affordability

5 Steps to Complete Your Federal Financial Aid Application

1. Check Your Eligibility

2. Determine Your Dependency Status

3. Gather Documents and Complete Your FAFSA

4. Meet with a DeVry Student Support Advisor

5. Execute Your Plan

1. Check Your Eligibility

To qualify for federal financial assistance, you must:

  • Enroll as a degree-seeking student
  • Be a U.S. citizen or an eligible noncitizen
  • Maintain satisfactory academic progress
  • Not be in default on a federal educational loan
  • Not owe an overpayment on a federal educational grant or loan
  • Register with Selective Service (if you are a male born on or after January 1, 1960, over 18 years of age and not currently in the armed forces)
  • Have a high school diploma or equivalent

2. Determine Your Dependency Status

The federal government has established how dependency status is determined for federal financial aid purposes. If you are considered dependent, your parent(s) income and asset information must be included on your FAFSA®. This information will be used in addition to your information to determine your eligibility. Answering "yes" to any of the following questions means you are an independent student for 2018-2019:

  • Were you born before January 1, 1995?
  • As of today, are you married?
  • At the beginning of the 2018-2019 school year (July 1, 2018 to June 30, 2019), will you be working on a master's or doctorate program?
  • Are you currently serving on active duty in the U.S. Armed Forces for purposes other than training?
  • Are you a veteran of the U.S. armed forces?
  • Do you have children who will receive more than half of their support from you between July 1, 2018 and June 30, 2019?
  • Do you have dependents (other than your children or spouse) who live with you and who receive more than half of their support from you, now and through June 30, 2019?
  • When you were age 13 or older, were both your parents deceased, were you in foster care or were you a dependent/ward of the court?
  • Are you or were you an emancipated minor or in legal guardianship as determined by a court in your state of legal residence?
  • At any time on or after July 1, 2017, were you an unaccompanied youth who was homeless or at risk of being homeless?

3. Gather Documents and Complete Your FAFSA

In order to apply for federal financial aid you need a federal student aid ID.

Apply for your Federal Student Aid ID

To apply for your FSA ID, visit: fsaid.ed.gov. If you do not already have a FSA ID or forgot your FSA ID, visit fsaid.ed.gov and follow the on-screen instructions.

If you are a dependent student, both you and a parent will need an ID to electronically sign your FAFSA.

Gather financial documents needed to complete the Free Application for Federal Student Aid:

  • Social Security Number and Driver's License (or state ID) for you, and for your parent(s) if you are a dependent student
  • If you are not a U.S. citizen, documentation of your eligible noncitizen status

Students are encouraged to apply for financial aid every year. The FAFSA becomes available every October 1st, for 2018-2019 Federal and State Aid specific deadlines visit fafsa.ed.gov. Students starting or attending after April 29, 2018, should complete the 2018-2019 FAFSA using 2016 Income Tax Information.

2016 Income and Tax Information

You and your parent(s) (or spouse) can access 2016 IRS tax return information to complete your 2018-2019 FAFSA.

You may also need records of your parents' income (if you are a dependent student). Please use the following as a guide to help gather your documents:

  • Your 2016 federal income tax return (and your spouse's, if married)
  • Parents' 2016 federal income tax return (if you are a dependent student)
  • W-2 forms or other records of income earned
  • Records of other untaxed income received, such as welfare benefits, Social Security, military or clergy allowances
  • Current bank statements and records of stocks, bonds and other investments
  • Business or farm records, if applicable

Complete the FAFSA

To complete your FAFSA online, visit www.fafsa.ed.gov. DeVry FAFSA school code is 010727. If you would like a preview of the questions you may be asked on the FAFSA, you can review the 2018-2019 FAFSA on the Web Worksheet on the FAFSA website.

After completing your FAFSA, print the FAFSA Confirmation Page for your records. If you have already completed a FAFSA for another school, click on "Make a Correction to a Processed FAFSA" and add DeVry's school code – 010727.
 

4. Meet with a DeVry Student Support Advisor

Schedule an appointment with a Student Support Advisor at the campus you will be attending or online students can call 877-496-9050. Speak with a Student Support Advisor to discuss your personalized financial plan. We're here to help you make sense of the financial aid application process and secure the financial assistance you need to make college more affordable.

5. Execute Your Plan

Secure Your Loans

To secure your Federal Student Loans, the U.S. Department of Education requires all borrowers to complete Federal Direct Loan Entrance Counseling and sign a Master Promissory Note.

Complete Direct Loan Entrance Counseling online at studentloans.gov:

  1. Sign-in using your Federal Student Aid PIN
  2. Click on "Complete Entrance Counseling" 
  3. In the School and Loan Information section, choose Illinois to find DeVry University

Complete the Federal Direct Subsidized/Unsubsidized Loan Master Promissory Note (MPN) online at studentloans.gov:

  1. Sign-in using your Federal Student Aid PIN
  2. Click on "Complete Master Promissory Note"
  3. Select "Subsidized/Unsubsidized" 
  4. In the School and Loan information section, choose Illinois to find DeVry University

Calculate Your Estimated Cost of Education

Financial Aid Programs + Tuition - FAQs

How is financial need determined?

What is included in a financial award?

When do I need to complete the financial aid process?

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?

What happens to my financial aid if I withdraw?

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

How is financial need determined?

When you complete the Free Application for Federal Student Aid (FAFSA®), the federal government sends your FAFSA information to the DeVry University Student Finance Office. Our student finance professionals use this information to assess your need based on a federally defined methodology.

What is included in a financial award?

Your personalized financial plan may consist of several types of aid such as grants, loans, scholarships, or self-help aid.

When do I need to complete the financial aid process?

Students should apply for financial aid as soon as possible each year. The FAFSA is available on October 1st.

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

We encourage you to investigate all possibilities for assistance, including outside scholarships from corporations and private organizations and state-funded programs. If you receive such awards, your award may be revised to reduce or remove your loans.

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

Students who do not receive need-based financial aid awards are still eligible to apply for certain other loans, payment plans, and parent loans. These are all made available to help families fit tuition payments into their budgets more easily. Learn more about loan options.

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

Federal regulations allow aid administrators to consider extenuating circumstances when calculating aid eligibility, especially if your situation changes during the application process. If you or your family experiences any of the following, please contact your Student Support Advisor and submit an appeal to your DeVry University Student Central Office.

  1. Death of a parent or spouse
  2. Physical impairment
  3. Divorce or separation
  4. Unusual medical or dental expenses
  5. Recent loss of employment
  6. Dramatic change in income

How do I obtain more information about education tax credits?

You may be eligible for credit that could save you money at tax time. To learn about education tax credits and other tax information for students please visit www.irs.gov.

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 my.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 my.devry.edu.

FAFSA® is a registered trademark of the U.S. Department of Education.