FEDERAL PELL GRANT

Degree-seeking undergraduate students who are enrolled or plan to enroll on at least a half-time basis (6 hours per quarter) are eligible to apply for this grant assistance. Students who are applying for financial aid administered by DePaul University can also apply for the Pell Grant by completing the Free Application for Federal Student Aid (FAFSA). This form is available on-line at www.fafsa.ed.gov , or from high school counselors or the Financial Aid Office. Dollar amounts for this award are authorized annually by the federal government and eligibility is determined by the FAFSA results.

 

FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT

Co-sponsored by DePaul University and the federal government, this program is for undergraduate students demonstrating exceptional financial need. The number and amount of these awards will depend on an annual appropriation from Congress. 

 

FEDERAL PERKINS LOAN

Co-sponsored by DePaul University and the federal government, Federal Perkins Loans are awarded to degree-seeking students who demonstrate financial need. The simple interest is 5% and the repayment period begins six months after the borrower ceases half-time enrollment. Because Federal Perkins Loan funds are extremely limited, the Perkins loan isawarded only to exceptionally needy students. Award amounts vary according to financial need. 

 

FEDERAL WORK STUDY (FWS)

Funded jointly by DePaul University and the federal government, this program provides jobs on-campus and off-campus for students demonstrating financial need. Students are normally employed for 15-20 hours per week. The hourly wage depends on the job and student’s qualifications. Initial interviews for FWS positions are through the Career Center. Student job listings are available via the Career Center website.

 

FEDERAL DIRECT LOAN PROGRAM

There are two types of Federal Direct Loans—subsidized and unsubsidized. Subsidized Federal Direct Loans are based on financial need. Repayment is deferred until after you graduate or cease to be enrolled at least half-time, and the interest is paid by the government while you are enrolled in school. Unsubsidized Federal Direct Loans are not based on need. You may borrow the cost of education minus all other financial aid received, including any subsidized Federal Direct Loan, up to the maximums in the tables below. However, the interest must be paid by you while you are enrolled, or it may be accrued and capitalized. Repayment of the principal is deferred until after you graduate or cease to be enrolled at least half-time.

 

Federal Direct Loan maximums vary according to academic level. Please see the tables below.

 

Dependent Undergraduate Students

Dependent Direct Loan Undergraduates Maximums

Freshmen.............$2625
Sophomores........$3500
Juniors.................. $5500
Seniors................. $5500
Dependent undergraduate students may borrow the Federal Direct maximums (unsubsidized, or a combination) listed above.

 

Independent Undergraduate Students

Total Direct Loan
Independent Undergraduates	Subsidized Direct Loan Maximums	Eligibility (Subsidized and Unsubsidized)
Freshmen	$2625	$6625
Sophomores	$3500	$7500
Juniors	$5500	$10,500
Seniors	$5500	$10,500

 

Independent undergraduate borrowers may borrow the subsidized Federal Direct Loan up  to the maximums indicated above, but may supplement their Federal Direct Loan borrowing with the unsubsidized Federal Direct Loan up to the amounts indicated (provided their cost of education minus other resources supports these amounts.) 

 

For new borrowers, repayment of this loan begins six months after the borrower ceases half-time enrollment. As of 7/1/2006 the interest rate on this loan is fixed at 6.8%. There is an origination fee charged to the borrower and deducted from the loan proceeds before disbursement. For more information visit www.ed.gov/directloan .   

 

 

STATE OF ILLINOIS 

ILLINOIS STATE MONETARY AWARD

This program of gift assistance is administered by the Illinois Student Assistance Commission (ISAC). Undergraduate students who are residents of Illinois are eligible to apply for awards.  The awards are based on financial need, and may be used for tuition and fees only. Both full and part-time students are eligible; however, the full-time value grant is prorated if enrollment is less than 16 hours per term.

 

DEPAUL UNIVERSITY

DEPAUL UNIVERSITY GRANTS

DePaul University grants are awarded to students enrolled in a first undergraduate degree program who demonstrate financial need. Award amounts vary according to financial need and availability of funds.

 

DEPAUL UNIVERSITY SCHOLARSHIPS

DePaul University offers a variety of scholarships for entering full-time freshmen and transfer students, the funds for which are provided by both the University itself and generous alumni and friends of DePaul University. All first year students who apply for admission with a complete application (including supporting documentation; high school transcript, counselor recommendation and official test scores) postmarked by November 15 will be given strongest consideration* for the Presidential, Schmitt, Bauer, and Centennial scholarships.  Consideration does not guarantee an award.  Applications received by February 1st will be considered for scholarships on a funds available basis. Students awarded a scholarship are notified at the time of admission to DePaul.   Recipients of university scholarships are advised in writing of the terms of their scholarships, and scholarships are renewed in accordance with these terms.  

 

*Historically, academic scholarships are awarded to freshmen admitted for the fall term who demonstrate an outstanding level of achievement as compared to other students in our applicant pool.  The selection committee considers a variety of factors including test scores, high school curriculum, first generation status and community or extracurricular activities.

 

Art Scholarship

Art Scholarships are awarded to declared Art Majors in the College of Liberal Arts and Sciences based on demonstrated artistic ability and promise. Candidates must submit a portfolio by February 1st to be considered. The portfolio must contain documentation of 8-10 pieces of work (slides or on a CD-Rom disc) accompanied by a cover sheet listing the titles, media and sizes of the pieces.

 

DePaul University Community Service Scholarship

Candidates must have an exceptional record of community service and wish to pursue a minor in Community Services Studies at DePaul.  A separate application is required to be submitted by February 1st. Those eligible to apply will be notified at the time of admission to DePaul. Select applicants will be invited to interview on-campus in March.

 

 

Ledger & Quill Scholarship

The Ledger & Quill Scholarships are awarded to declared Accounting majors in the College of Commerce who demonstrate academic achievement and leadership qualities. A School of Accountancy faculty or staff will contact qualified candidates for an interview.

 

DePaul Leadership Scholarship

Candidates must have an exceptional record of community service within their high school, home or religious community and a demonstrated desire to participate in leadership at the college level.  A separate application is required to be submitted by February 1st. Those eligible to apply will be notified at the time of admission to DePaul. Select applicants will be invited to interview on-campus in March .

 

Monsignor John Egan Hope Scholarship

Candidates must prove residency within the City of Chicago, graduation from a City of Chicago high school, and demonstrate need as determined by the Free Application for Federal Student Aid (FAFSA)*. Candidates must have an exceptional record of social activism, leadership and community service. A separate application is required and must be submitted by February 1st. Those eligible to apply will be notified at the time of admission to DePaul. Select applicants will be invited to interview on-campus in March.

 

*The FAFSA must be on file with the federal processor no later than February 1, 2007 for your application to be considered for interview selection.

 

 

Specialized Scholarships

A number of scholarships are awarded directly by University departments. These include the School of Music, The Theatre School, and the Athletic Department. Information is available by contacting the School of Music, The Theatre School and the Athletic Department directly.

 

Transfer Scholarship

A limited number of transfer scholarships are available to entering transfer students.   Application requirements and availability of funds vary. Information and applications are available at www.depaul.edu/scholarships