Issue link: http://denverseminary.uberflip.com/i/316680
38 each semester); and (4) maintain satisfactory academic progress (min. 2.0 cumulative GPA; 2.75 for certain programs). Students who do not maintain eligibility may be required to return funds that were disbursed and start repayment of any previously acquired federal loans. Maintaining eligibility is also contingent upon course completion. The student will be required to return at least a portion of the award(s) back to Denver Seminary if any courses required for financial aid eligibility are dropped after the semester starts or are not completed with passing grades. Adjusted amounts will be based on final enrollment status. The tuition refund policy and financial aid return policies contain further details and should be read prior to dropping any classes after the start date of a semester or session. Eligibility for need-based awards is calculated using the expected family contribution (EFC) from the FAFSA and the estimated cost of attendance budget set by the Financial Aid Office. Once the total amount of financial aid received (including external scholarships) the student is no longer eligible for any further financial aid for that academic year. 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 and on each award letter. 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 http://www.denverseminary.edu/admissions/financial-aid/. 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.