Denver Seminary

38 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, as well as successful completion of at least two-thirds of all attempted classes. Standards for specific scholarships 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 are initiated and signed by every aid recipient each year. The Financial Aid Policy Manual can be downloaded from the financial aid page of the website. 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 and recipients of veterans educational benefits, all financial aid applicants are required to complete a FAFSA at www.fafsa.gov. Denver Seminary's federal code is 001352. Students should allow at least one week for a copy of the FAFSA to be received by the Financial Aid Office. Starting in April of each year, online award letters will be made available to students within two weeks of when the FAFSA is submitted. The FAFSA must be renewed each academic year. Scholarship Application The scholarship application is an online form available at www.denverseminary.edu/financialaid. Although applicants may apply as late as thirty days before the planned enrollment date, it should be noted that scholarships are awarded beginning in April for fall applicants (with priority given to applications received by April 1) and beginning in November for spring applicants (with priority given to applications received by November 1). 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 scholar- ships and grants (with the exception of previously awarded scholarships that are automatically renewable). 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. A scholarship guide is available that (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. 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 ten days prior to the start of the semester if a loan is needed to cover tuition and fees, as the student needs to have all requirements completed by the payment deadline (typically ten business days before the start of the semester).

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