Financial Aids at The Daniels College of Business and the University of Denver
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.
Colorado Resident Grant
Students who can document residency in Colorado for at least 12 months prior to enrollment may be eligible for a Colorado Resident Grant. These grants range from $600 - $3,000 per year, and require a high level of need as indicated by the federal FAFSA form. To download the Verification of Residency Form, go to http://www.du.edu/finaid.
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.
[Ref]
If you're new here and like what you read, you may subscribe to our email alerts or RSS feed . Thanks for visiting!
