2022-2023 Student Handbook
40
Awarding and Disbursing Aid
Scholarship Committee
Beginning in March for fall awards and November for spring awards, the Scholarship Committee meets on
a monthly basis leading up to the applicable semester to award grants and scholarships to applicants who
completed their scholarship application by the applicable deadline. All applicants who receive a scholarship
are notified of results via email by the end of the applicable month. If the student did not receive a
scholarship a notification email will not be sent.
Award Letters
All financial aid offers will be posted via an online Award Letter on the MyDenSem student portal. Award
recipients are required to login to the student portal to view and accept all aid offers. Additionally, students
are responsible for any follow-up steps and documents listed under the My Documents section of the
portal. Aid will not be disbursed until all requirements have been met.
Payment Deadline
All students must make payment arrangements for all tuition and fees by the Payment Arrangement
Deadline each semester (10 calendar days prior to the start of the semester at 12:00pm). Payment may
include a combination of direct payment, payment plan, and/or financial aid.
Students who need assistance with calculating a combination of financial aid, payment plan and/or direct
payment(s) may find the Net Price Calculator to be a helpful tool. More advanced budgeting tools are also
available upon request.
Disbursements
Loans will be disbursed to student accounts no earlier than 10 calendar days prior to the start of the
semester (per federal regulations). Refund checks for excess financial aid funds should not be expected
prior to the start of any semester. Institutional aid (scholarships, grants, discounts) will be disbursed to
student accounts no earlier than the drop/add date (10 business days after the start of the semester).
Refund checks for loan credit will be available to students on the Friday of the add/drop deadline for the
term.
Cancellation
Students have the right to cancel any accepted awards at any time. The process to do so will depend on
the timing of the request. Contact the Financial Aid Office for details.
