Frequently Asked Questions

+ How do I apply for need-based financial aid?

Students wishing to apply for need-based financial aid must file the Free Application for Federal Student Aid (FAFSA).  Prospective students are encouraged to complete their FAFSA by February 15 to ensure receipt of a tentative need based award prior to the May 1 Admissions decision deadline.  Current students are encouraged to file the FAFSA by April 1.  Students should request that their FAFSA data, including their EFC, be sent to Denison by including Denison's federal code, 003042, on the FAFSA.

+ Does Denison require the CSS profile?

No. Denison requires only the FAFSA.

+ What is Federal Need?

Federal Need is the difference between the total Cost of Attendance and the Expected Family Contribution (EFC).

The equation for determining need is:     Cost of Attendance - EFC = Federal Need

+ What is included in the Cost of Attendance?

The Cost of Attendance usually includes tuition and fees, room and board, books and supplies, and personal expenses/miscellaneous expenses.

+ How is the Expected Family Contribution (EFC) calculated?

The Federal government has established a standard formula which is used to calculate the EFC. The formula considers family size, the number of family members in college, and the student's and parent(s)' income and assets. Assets include cash, checking and savings accounts, equity in a business, investments and real estate, and in some cases, farm equity. It does not include equity in the family home. After certain allowances are made for family living expenses and retirement income, the EFC is calculated.

+ Is there an appeal process if my family has extenuating circumstances that could not be filed on the FAFSA?

Yes, the student and parent(s) can write a letter concerning these circumstances. You may also submit with your letter a Request for Review Form, . The Financial Aid Office may request additional documentation of your letter.

+ Do I need to re-apply for need-based financial aid each year?

Yes, you must file the FAFSA each year. You and your parent(s) can file the FAFSA for 2009-10 after January 1, 2009.

+ Am I required to report my outside scholarships to the Financial Aid Office?

Yes, if you received need-based financial aid.

+ How do outside scholarships impact my need-based aid award from Denison?

Outside scholarships usually help to meet the unmet federal need. If federal need has been met, the federal work award can be reduced and the Federal Direct Loan can be adjusted.

+ How many semesters can I receive Denison gift aid (Denison's merit scholarships and need-based grants)?

A student may only receive Denison gift aid (merit and grants) in the first eight (8) semesters of enrollment at Denison.

+ If I defer my admission to Denison for a year, what happens to my need-based financial aid package?

You would have to reapply for any need-based aid that you were awarded with no guarantee that the amount would equal the original need-based package.

More questions? Email us.