Issue link: http://denverseminary.uberflip.com/i/662200
2015-2016 Student Handbook 34 Financial Aid Financial Aid Office The goal of the Financial Aid Office is to remove financial barriers to help students pursue their calling. Additional information, including tuition and fees, can be found on the financial aid section of the Denver Seminary website. Contact Information: Phone: 303-762-6888, or 800-922-3040 ext. 1239 Email: financialaid@denverseminary.edu Eligibility Most students must meet the following criteria to become eligible for financial aid: • Students must be accepted into a degree program pursuing their first degree at Denver Seminary. Certificate students have limited eligibility for Scholarships. Only Graduate Certificate students are eligible for federal loans (Certificate of Completion students are not eligible). Students need to complete the FAFSA (www.fafsa.gov) each academic year. International students are not eligible to complete a FAFSA and are exempt from this step. • Students need to be enrolled at least half-time each semester (5 semester hours master's level; 2 semester hour doctorate level). Most, but not all, scholarships require full-time status (9 semester credits master's level; 3 semester credit doctorate level). Students will be required to return at least a portion of their award(s) if any courses required for financial aid eligibility are dropped or not completed with passing grades. • Students are required to maintain Satisfactory Academic Progress (SAP), a minimum 2.0 cumulative GPA (2.75 for certain programs) and successful completion of two-thirds of all attempted courses. Students who do not maintain eligibility may be required to return federal loan funds that were disbursed and may lose eligibility for all institutional aid. Students who fail to maintain SAP will have one semester of probation for federal loans while they attempt to regain SAP, during which they will maintain full eligibility for loans. If SAP is not regained after the probationary period, all aid eligibility will be lost until SAP is regained. • 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. All financial aid awards are subject to their terms and conditions, and every award recipient is required to read and accept each term and condition and is expected to understand the impact each one has on his or her situation. All Terms and Conditions are published on the Financial Aid Terms and Conditions document each student signs when accepting aid.