Denison is strongly committed to enrolling highly-qualified students, regardless of their financial means. Since qualified, committed and involved students are the lifeblood of our university, we regard each one as an invaluable asset to Denison.
This year, Denison students are receiving over $68 million in financial assistance from various sources. More than $46 million is awarded from Denison funds.
If you have any doubts about your family's ability to pay for a Denison education without help, don't hesitate to apply for financial aid. Your request does not affect the decision of the Admissions Committee in any way, and we at the Financial Aid Office welcome the opportunity to help you and your family in planning for college.
To apply for need-based aid at Denison University, you must file a Free Application for Federal Student Aid (FAFSA) as soon as possible after January 1 of your senior year. You may file the form online at www.fafsa.ed.gov. You must indicate the Title IV School Code of 003042 on the FAFSA form so that Denison can receive your information from the FAFSA. To apply to your state scholarship program for any awards that may be used at an Ohio institution, you may have to file a separate application form. Consult with your guidance counselor about this matter.
Special application procedures are available for Early Decision admission applicants who need a financial aid decision before April. Information explaining this procedure is available from our Admissions Office and website www.denison.edu/admissions/
The information you submit on the FAFSA will be analyzed by the Federal Processor to determine the contribution you and your family can make toward the cost of a year's education. The family contribution is based on a formula called "Federal Methodology" which assesses such factors as taxable and non-taxable income, family size, asset strength, and number of family members in college.
After the Federal Processor computes your family contribution, it will send this information electronically to Denison and any other colleges you designate within three to five days after you file the FAFSA.
Our Financial Aid counselors will carefully review the information you submitted on the FAFSA. We may request additional information from you directly and if you enroll, we will request a copy of your and your parent(s)' prior year federal tax return.
Your federal need is computed by comparing the total cost of attending Denison for one year (tuition, fees, room and board, books and personal expenses) with the federal contribution calculated from your FAFSA. The difference is your federal financial need.
If you meet our admissions standards, we want you to have a realistic opportunity to enroll here. When we make an offer of financial assistance, we offer funds from federal, state, and institutional sources to help meet your federal need. In cases of very high federal need, Denison University is unable to meet 100% of this need.
Financial aid awards normally consist of a "package" designed to help meet your financial need. Depending on the amount of your determined need, your package will usually consist of three components - employment on campus, a loan, and grants. Loans and employment are referred to as self-help. You are not obligated to accept the loan or work award. Grants and loans will be deducted on your college bill. Campus employment cannot be deducted in advance because it must be earned.
The exact formula which will be used in putting together your financial aid package is determined by Denison's Student Enrollment and Retention Committee (a group of administrators, faculty members, and students who formulate policies in this area). Packaging procedures are subject to annual review and revision.
Students who have been offered Federal Work Study as part of their financial aid package receive preference in obtaining jobs on campus. Students who are not eligible to receive Federal Work Study can work on campus and will be paid the same hourly rate as students with a federal work award. Because students are paid by check or direct deposit for the hours worked, the work award is not reflected as a credit on the student's bill. Employment is available in the library, residence halls, computer center, Slayter Union, academic departments, administrative offices, physical plant and the food service operation. All on-campus employment opportunities are posted under Student Employment which can be accessed from Denison's Home Page by clicking on Employment. Students must do their own job search since on-campus employment is not guaranteed. Students are not permitted to work more than 300 hours in an academic year. The maximum work award amount for students is determined by the hourly rate. For the 2012-2013 academic year, the maximum work award is $2,550 based on an hourly rate of $8.50.
Your financial aid award may contain a Perkins Loan, a Federal Direct Subsidized, or a Federal Direct Unsubsidized Loan. The Perkins and Federal Direct Subsidized loans are similar in that there is no interest or repayment on the principal while the student is in school at least half-time and interest begins to accumulate following graduation or ceasing to be enrolled half-time. The Federal Direct Unsubsidized Loan is available to students who are not eligible or have limited eligibility for the Federal Direct Subsidized Loan. The loan terms are similar to the subsidized loan except that interest is charged while the student is in school for the Federal Direct Unsubsidized Loan. The student may choose to have the interest accrue while enrolled at least half time or pay the interest quarterly. The interest rates and terms of these loans are subject to change by the Congress of the United States.
Denison awards grants both from our own funds and from outside sources. These grants amount to more than $45 million annually. We participate in the Federal Pell Grant program, the Supplemental Educational Opportunity Grant (SEOG) program and certain other state grant programs.
Each year, because of changes in income and other family circumstances, we re-evaluate your financial need. You may file the Renewal FAFSA online at www.fafsa.ed.gov. and it should be completed by April 1. Depending on Denison's cost and your family's situation, your need for assistance may vary from year to year.
Denison annually offers a large number of academic scholarships for first-year students, which are based on academic talent and personal merit and do not require a demonstration of financial need. The fixed amount scholarships that approximate full-tuition include the Mary Carr, the Paschal Carter Scholarship, the Wells Scholarship in Science, the Dunbar Scholarship in Humanities for which an interview with a Denison representative on or off campus is required, and the Battelle Memorial Institute Foundation Scholarship. The scholarships which approximate half-tuition awards are the Founders Award, the Bob and Nancy Good Scholarship, the Tyree/Parajon Scholarship, and the Park National Bank Scholarship. There are additional scholarships offered that provide assistance toward the expense of tuition which include the Alumni Awards and the I Know I Can Scholarship, the HIa/Fisher and the Upward Bound.
A limited number of departmental and general scholarships of varying amounts are also available to selected students, based on factors such as outstanding academic achievement and fine arts talent. If you are eligible to be considered for such a scholarship, you will be either considered automatically or invited to apply by the appropriate academic department.
In addition, employment on campus for jobs requiring specific experience of skills is available. Parents may be eligible to obtain a Federal Direct Parent Loan (PLUS) through Denison University.
The income from endowed scholarships supports the merit awards and need-based institutional aid that is part of the Denison University Financial Aid Program.
For more detailed information on methods of financing your Denison education, visit the Office of Financial Aid and Student Employment in Beth Eden House. You may also write or call:
Office of Financial Aid and Student EmploymentDenison UniversityP.O. Box 810Granville,Ohio43023-0810740-587-6279