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39 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 the financial aid page of the website and can 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 Foun- dation 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. Additional Steps Students who accept a student loan offer for the first time at Denver Seminary must also complete entrance counseling and a master promissory note (MPN) at www.studentloans.gov. Both documents are valid for up to ten years, and thus generally do not need to be completed again. These documents need to be completed no later than three weeks prior to the start of the semester if a loan is needed to cover tuition and fees, as the student needs to have the award letter signed by the financial clearance deadline (typically six business days before the start of the semester). Penalties and interest on the student account may be applied if applications are not completed before that deadline. Scholarship recipients must also submit a thank you letter and picture to the Financial Aid Office each academic year that a scholarship, grant and/or tuition discount is received. Content requirements and deadlines will be linked to the award letter. AWARDING AND DISBURSING AID Scholarship Committee Beginning in April for those beginning their program in the fall semester, and November for those beginning in the spring semester, the scholarship committee (made up of various departmental representatives, such as admissions, student life, and faculty) meets on a monthly basis leading up to the applicable semester to award grants and scholarships (tuition discounts are not competitive, and thus are awarded not by the committee but based solely on eligibility) to applicants who completed their application by the applicable deadline (see the application section for details on deadlines). All applicants are notified of results via email (award recipients via an electronic award letter) by the end of the applicable month (for example, if the completed application is submitted by the April 1 priority deadline, the notification of results will be emailed by the end of April). Award Letters Award recipients will be required to return a completed and signed award letter to the Financial Aid Office in order to become eligible for disbursements. Those accepting loans are required to accept the debt literacy statement, a customized summary of the student's aggregate student loan debt (taken from the national student loan data system (NSLDS) upon submission of the FAFSA), anticipated monthly payment, and annual salary required to reasonably manage that debt. Additional required application steps