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Direct Graduate PLUS Loans
Students who need additional assistance beyond the Direct Unsubsidized Loan are encouraged to consider
the Direct Graduate PLUS Loan program prior to pursuing alternative loan programs from private
lenders. As with Unsubsidized Loans, the interest rate on PLUS loan annual limits varies each year based
on market interest rates. For up-to-date interest rate information, visit www.studentaid.ed.gov. The
amount each student is eligible for depends on the student's Cost of Attendance budget and previously
utilized financial aid (including grants and scholarships). Additional details include: (1) 4.276%
origination fee (withdrawn by lender prior to disbursement, subject to change each October), (2)
payments deferred while enrolled at least half-time, (3) no prepayment penalties, (4) six-month repayment
grace period upon leaving school or dropping below half-time. Application steps include completing a
loan increase form (downloadable under Financial Aid Forms on MyDenSem) and completing a PLUS
Loan Request at https://studentloans.gov. Eligibility is subject to a credit check performed by the
Department of Education.
Federal Work Study
Federal work study funds are disbursed to various departments who have requested work study positions.
Those departments then advertise work study positions along with other available on-campus positions.
Unlike other financial aid, work study awards are not offered through an award letter, but rather students
apply for a work study position in similar fashion to other on-campus jobs. Those who are hired will see
work study funds disbursed to them through a monthly paycheck. Application steps include completing a
FAFSA and applying for an open position (located on the employment page at http:
www.denverseminary.edu/about/employment/).
Available off-campus positions are advertised on the Seminary's job board at
http://www.denverseminary.edu/resources/job-board/.
Veterans Benefit/Military Benefits
Denver Seminary works with the Department of Veterans Affairs and the Department of Defense to
ensure that eligible recipients of veterans educational benefits obtain the assistance available, including,
but not limited to, the following programs: Post-9/11 GI Bill, Montgomery GI Bill, Vocational
Rehabilitation, Tuition Assistance.
GI Bill
Students must have completed all necessary paperwork through the VA prior to requesting that Denver
Seminary certify their GI Bill benefits. This includes submission of the DD-214. VA Form 22-5490 or
22-1995 may serve as the initial application for benefits and should be done through the e-benefits site at
https://www.ebenefits.va.gov/ebenefits/homepage.
Students must submit two additional documents to the financial aid office prior to any enrollment
certification: a copy of their Certificate of Eligibility (showing the program the student is eligible for as
well as the percentage of and remaining eligibility) and a completed Post-911 GI Bill payment contract.
The payment contract form can be obtained from your campus' school certifying official. Copies of
everything that is submitted by a student or sent to the VA Office will be kept in the student file.
Certification
Students may only receive benefits for classes which are taken at an approved site. Students may also take
classes as a guest student at other schools, but it is the responsibility of each site to get their own approval
from the applicable state's State Approving Agency. Guest students must also coordinate with the
certifying officials at both schools to ensure the classes they are taking are eligible for certification
through their educational benefits.
