Denver Seminary

37 ELIGIBILITY To be eligible for most types of financial aid, a student must (1) be accepted into a degree program; (2) complete the FAFSA (www.fafsa.gov) each academic year; (3) enroll at least half-time (three hours, two for DMin students) each semester (although most scholarships require full-time status, which is a minimum of six hours each semester, three for DMin students); and (4) maintain satisfactory academic progress (see below for more information). 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 cost of attendance budget set by the Financial Aid Office. Once the total amount of financial aid received (including external scholarships) reaches the cost of attendance maximum, the student is no longer eligible for any further financial aid for that academic year. Enrollment Status Most types of aid require a minimum enrollment status. Loan recipients must be enrolled at least half- time while scholarship, grant and discount recipients must typically enroll either half-time or full-time, depending on the requirements of each award. The half-time and full-time status definitions vary depending on the type of aid. The federal student aid status definitions also apply to enrollment reporting and other federal reporting purposes. Federal Student Aid (student loans and work study) Master's Level Programs (all residential and online programs) Full-time: 6+ credits; half-time: 3+ credits ThM Full-time: 6+ credits; half-time: 3+ credits DMin Full-time: 3+ credits; half-time: 2 credits Institutional Scholarships Master's Level Programs (all residential campuses) Full-time: 9+ credits; half-time: 5+ credits ThM Full-time: 6+ credits; half-time: 3+ credits DMin Full-time: 3+ credits; half-time: 2 credits Fully Online Programs Full-time: 6+ credits; half-time: 3+ credits

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