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F.A.Q.
Must I
fill out the Free Application for Federal Student Aid (FAFSA)
to receive student loans?
Yes, all
students wishing to receive financial aid must fill out the
FAFSA form. You should receive a FAFSA form in your Financial
Aid Packet if you are a new student. If you are a continuing
student you may pick up a form in the Financial Aid office.
Both new and continuing students may fill out the FAFSA form
online by going to www.fafsa.ed.gov.
When should
I fill out the Financial Aid forms?
New students
should fill out their Financial Aid Forms as soon as they receive
their packet. For continuing students new Financial Aid Forms
are available every January. DeVry's deadline for each school
year is mid-March for continuing students. If you are a new
student starting in the summer or fall semester the mid-march
deadline does not apply to you, however you should fill out
your forms as soon as possible.
What do
I do if I have not filed my tax return before the deadline to
turn in the FAFSA Form?
If you or
your parents have not filed a tax return before the deadline
date to turn in the FAFSA Form you may estimate the income information.
There is a place on the FAFSA Form to show that you are estimating
the figures. When you or your parents do file a tax return,
please send a copy to the Financial Aid Office so that the figures
can be corrected.
I or my
parents do not have a copy of our tax returns and you are requesting
a signed copy what do I do?
If you need
a copy of your filed tax return you may obtain one by contacting
the IRS for a 1722 form, which would be their copy of your tax
return. This can be done by going to your nearest Federal Building,
or by calling 1-800-829-1040.
Why am
I not considered an independent student for financial aid purposes?
The government
sets the guidelines that determine the dependency of a student.
In order to be independent, you must meet at least one of the
following criteria, listed in section D of the FAFSA form. To
be considered independent you must meet at least one of these
requirements:
- At least
24 years old
- A veteran
of the Armed Services of active duty (not reserve)
- Married
- An orphan
or ward of the court
- Pursuing
a post graduate degree (e.g. Masters, Ph.D.)
- Have
a child and provide at least 51% of the child's support
Can I get
an unsubsidized loan?
An unsubsidized
loan is a program designed for independent students to help
offset the cost of tuition. Therefore, independent students
may always apply for this loan. Dependent students, however,
may apply for this loan only if their parents apply for a parent
PLUS loan and are denied. DeVry is required to get a new denial
every loan period.
Can I receive
financial aid if I have declared bankruptcy?
If you have
declared bankruptcy you may still receive financial aid. Bankruptcy
does not affect financial aid.
When do
I have to start paying back my student loans?
For the
unsubsidized Stafford loan, you start to repayment six months
after you graduate, leave school, or drop to below half-time
status taking under six credit hours). For the unsubsidized
Stafford, repayment begins right after you graduate, leave school,
or drop below half-time status, unless other arrangements are
made with the lender. For the Perkins loan, repayment begins
nine months after you graduate, leave school, or drop below
half-time status.
How is
my EDUCARD payment determined?
Your EDUCARD
payment is determined by calculating your charges for tuition
and books minus any financial aid you may receive and then dividing
this amount by 4. This is your monthly EDUCARD payment. Students
are required to make monthly payments until their balance is
zero.
What will
happen to my financial aid if I withdraw from school?
Please go
to Withdrawing & Financial Aid
for the answer to this question
Who Do I Contact
About Agency Or Company Direct Billing?
If you have
questions about Agency or Company Direct Billing please contact:
Dawn
Childers
Student Finance Assistant
(972) 929-9737
General
information about Agency or Company
Direct Billing
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