Issue link: http://denverseminary.uberflip.com/i/137527
International students receiving financial aid are required to return to their home country immediately upon completion of the degree. Failure to do so will create a debt with the Seminary for all previously disbursed funds and a hold will be placed on the student's transcript. The recipient will be required to fully pay down the debt through a direct payment or a payment plan before an official transcript will be released. This policy applies to graduates who stay in the U.S. after graduation to pursue a job and/or further education. Satisfactory Academic Progress Students are required to maintain satisfactory progress toward their degree in order to continue eligibility for institutional and federal financial aid. Satisfactory progress requires a minimum 2.0 cumulative GPA, or 2.75 for certain degree programs. Standards are listed in all scholarship application packets and are also available on the Denver Seminary website. The Small Print Terms and conditions are listed in the Student Handbook, on each award letter and on the website. The Financial Aid Policy Manual can be downloaded from the financial aid forms page on MyDenSem. APPLICATION Applying for financial aid begins with completing a Free Application for Federal Student Aid (FAFSA) and a scholarship application. Free Application for Federal Student Aid (FAFSA) The FAFSA determines eligibility for federal loans, federal work study, seminary grants and need-based scholarships, and must be completed on an annual basis. With the exception of international students, all financial aid applicants are required to complete a FAFSA at www.fafsa.gov. Denver Seminary's federal code is 001352. FAFSA assistance can be found on both the federal loans and grants & scholarships application pages at www.denverseminary.edu/financialaid. Students should allow at least one week for the student aid report (SAR) to be received by the Financial Aid Office. In response, an award letter is emailed to the student within a week after receipt of the FAFSA. The FAFSA must be submitted each academic year. Scholarship Application Packet The scholarship application packet contains a scholarship guide (lists and describes every available award), a scholarship application (the form used to apply for institutional aid), and all applicable directions and details related to the scholarship application process. This form can be downloaded from www.denverseminary.edu/financialaid and can now be completed electronically. Although applicants may apply as late as sixty days before the planned enrollment date, it should be noted that the Kern Family Foundation Scholarship applications are due March 1 and a large number of other scholarships are awarded as early as April for fall applicants (with priority given to applications received by April 1) and as early as November for spring applicants (with priority given to applications received by November 1). Additional groups are awarded on a monthly basis until the start of each semester. Only those who have been accepted into a degree program, have completed a FAFSA, and have turned in the scholarship application will be eligible to receive scholarships and grants. While some scholarships are automatically renewed for two to three years (assuming funds are available and eligibility requirements continue to be met), most applicants will need to reapply each year for continued eligibility. 38