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• Federal Perkins Loan<br />
• Federal Direct Loan Program (Subsidized,<br />
Unsubsidized and PLUS)<br />
Financial Need Determination<br />
The Office of Financial Aid and Scholarships uses the<br />
need analysis from the Free Application for Federal<br />
Student Aid (FAFSA) to determine financial need.<br />
Students must submit the FAFSA directly to the U.S.<br />
Department of Education. All information contained in<br />
this application is held in strict confidence. In addition,<br />
financial records are protected in accordance with<br />
FERPA, as amended. Financial need represents the<br />
difference between the estimated cost of attendance<br />
and the amount that the student and the student’s family<br />
are expected to contribute toward the educational<br />
costs. The factors considered in determining the types<br />
and amounts of aid received by an applicant are:<br />
• The availability of funds<br />
• The student’s analyzed financial need<br />
• The student’s classification and record of academic<br />
performance<br />
Applicants desiring priority considera tion should<br />
submit their applications by March 1ST to ensure<br />
timely consideration for the next academic year.<br />
to the University to receive a financial<br />
aid offer.<br />
--<br />
Step 2: Complete the Free Application for<br />
Federal Student Aid (FAFSA).The<br />
FAFSA can be completed by going<br />
online at www.fafsa.ed.gov. Dillard’s<br />
school code is 002004.<br />
--<br />
Step 3: Accept or decline the financial aid offer,<br />
if applicable and send the required<br />
enrollment deposits, if applicable.<br />
--<br />
Step 4: If applying for a federal loan, complete<br />
a Master Promissory Note and<br />
Entrance Counseling at<br />
www.studentloans.gov.<br />
Transfer students are eligible for various forms of<br />
financial aid, including academic scholarships.<br />
Priority Dates<br />
State grant funds are limited, as are funds for Federal<br />
Work Study programs, Federal Perkins Loans, and<br />
Federal Supplemental Educational Opportunity Grants.<br />
To receive consideration for those funds, submit the<br />
FAFSA early enough to ensure processing by the<br />
dates listed below. It is suggested that the FAFSA be<br />
completed approximately three (3) weeks prior to the<br />
dates listed below:<br />
• March 1 - Fall and Spring<br />
Financial Aid Packaging<br />
Packages of aid may consist of a combination of<br />
scholarships, grants, loans and employment. This aid<br />
packaging concept enables the University to make<br />
more funds available to a larger number of applicants.<br />
The FAFSA form is required for consideration for<br />
scholarships, grants, and loans. Recipients of aid must<br />
reapply each year. Timely submission of the FAFSA<br />
and all information requested is required to receive<br />
the largest award possible. Scholarship recipients will<br />
receive renewals based on the criteria of the particular<br />
award. Dillard University reserves the right to reduce<br />
or rescind award packages to remain in compliance<br />
with federal, state and institutional aid.<br />
Application Procedure<br />
To be awarded financial assistance of any kind, it is<br />
necessary for the applicant to follow the steps list ed:<br />
--<br />
Step 1: Get admitted or re-admitted, if<br />
applicable. A student must be admitted<br />
38<br />
• October 15 - Spring Semester<br />
• March 1 - Summer Session<br />
Grant Programs Federal Pell Grant<br />
The Federal Pell Grant is federally funded and based<br />
upon financial need. Pell Grants are made to eligible,<br />
degree-seeking undergraduate students only based on<br />
information submitted annually on the FAFSA. As of<br />
the printing of this catalog, the maximum grant eligibility<br />
award was $5,775. Contact the Office of Financial Aid<br />
and Scholoarships for the current amount. Student<br />
eligibility is determined by a schedule developed by<br />
the U.S. Department of Education.<br />
Federal Supplemental Educational<br />
Opportunity Grant (SEOG)<br />
The Federal Supplemental Education Opportunity<br />
Grant is for undergraduate students enrolled at least<br />
half-time who demonstrate exceptional financial need.<br />
Grants range between $200 and $4,000.