Tuition Assistance and Financial Aid for College

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

The FAFSA® becomes available every October 1st. Students are encouraged to apply for financial aid every year by the priority deadline of March 1st. If the priority deadline is not met, students may still apply until June 30 of that academic year. Funding may be exhausted for certain aid programs as it is awarded on a first come, first served bases. For 2021-2022 Federal and State Aid specific deadlines visit studentaid.ed.gov.

Students should complete the 2022-2023 FAFSA® using 2020 Income Tax Information.

Tuition assistance is a benefit that your individual employer may offer. To determine if any tuition assistance or tuition reimbursement opportunities are available, you should inquire directly with your employer.

Military Tuition Assistance is a benefit provided to eligible members of the Army, Navy, Marines, Air Force and Coast Guard. Each branch of service has its own criteria for eligibility, obligated service, application process and restrictions. If you are a service member, work with your Branch and appropriate education office to determine your eligibility.

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 Financial Aid award may be revised to reduce or remove your loans.

Financial assistance for college students is available to those who apply and qualify. One option, the Federal Pell Grant, is awarded to undergraduate students who have not yet earned a bachelor’s, graduate or professional degree and display exceptional financial need. Award amounts for the Pell Grant may change yearly.  The Pell Grant award amount a student is eligible for will depend on their EFC, Cost of attendance (COA), and enrollment status.

Federal Direct Subsidized and Unsubsidized loan programs are another financial aid option you may consider. These have both annual and aggregate loan limits. The maximum amount an undergraduate student can borrow each academic year in subsidized and unsubsidized loans ranges from $5,500 to $12,500 depending on your grade level and dependency status. Graduate or professional students can borrow up to $20,500 each academic year in Federal Direct Unsubsidized loans.

Since each student is unique, we recommend you speak with a Student Support Advisor who can provide detailed information on financial aid eligibility based on your individual situation.

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

Federal regulations allow aid administrators to consider special or unusual circumstances when determining financial aid eligibility, especially if your situation changes during the application process.  If you or your family experiences any special or unusual circumstances, as defined below, please contact your Student Support Advisor.

Special Circumstance - refer to financial situations such as a loss of a job, or excessive medical expenses that justify an aid administrator adjusting certain data elements in the COA or in the EFC calculation. Requests for an adjustment must be reviewed each financial aid award year.

Unusual Circumstance - refer to the conditions that may justify an aid administrator to make an adjustment to a student’s dependency status based on a unique situation, include but are not limited to:

·       An abusive family environment (e.g. sexual, physical, or mental abuse or other forms of domestic violence)

·       Human trafficking, refugee or asylee status

·       Abandonment by parents

·       Incarceration or institutionalization of both parents

·       Parents lacking the physical or mental capacity to provide support

·       Parent whereabouts unknown or cannot be located

HAVE ADDITIONAL QUESTIONS?

Visit: https://www.devry.edu/tuition-financial-aid/financial-aid/apply.html

Or Contact Student Central: 877.496.9050

If you review your financial aid awards and have any questions or concerns, please contact your Student Support Advisor. If the information you provided on your FAFSA has changed significantly, they can help you understand your financial aid award and any options that may be available.

Yes, if you choose to explore financial aid as a potential way to pay for your education, you will need to reapply for financial aid every year. Depending on your financial situation, it may differ from year to year.

What's the difference between subsidized and unsubsidized student loans?
Federal Direct Unsubsidized Loans are available to eligible undergraduate and graduate students. Federal Direct Subsidized Loans are available only to eligible undergraduate students.

Additional differences between the two loans are:

•Subsidized loan eligibility is based on financial need, whereas an unsubsidized loan is not.
•The government pays the interest on subsidized loans while the student is enrolled in school at least half-time, where interest on unsubsidized loans accrue while in school and capitalize, if unpaid.

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.

According to federal regulations, a federal refund calculation must be performed if a student withdraws completely from all classes after the start of the enrollment period. For more details, contact your Student Support Advisor or reference the Federal Return of Funds Policy in our academic catalog.

When a student is unable to attend a term, future disbursements are canceled.

Congress has passed stimulus packages in response to COVID-19 that provided emergency funds to higher education institutions to support impacted students.. For more details on the Higher Education Emergency Relief Fund (HEERF) and how DeVry University allocated these funds, click here.