Contact Us
Financial Aid
Office of Financial Aid
- financialaid@depauw.edu
- (765) 658-4030
-
Emison Building
204 E. Seminary
Greencastle, Indiana 46135
Your Financial Aid Notification (FAN) is a comprehensive summary of all federal, state and university aid you can expect to receive at DePauw University for the academic year. Your FAN provides an estimated breakdown of direct costs you'll see on your bill, as well as additional expenses you should budget for throughout the year.
Your Financial Aid Notification includes estimated calculations to help your family budget and gauge their affordability:
Net price - Derived by subtracting grants and scholarships from the total Cost of Attendance, which includes all direct and estimated indirect costs for the academic year.
Out-of-pocket cost without loans - Derived by subtracting grants and scholarships from the direct costs or the estimated expenses on a bill from DePauw.
Out-of-pocket cost with loans - Derived by subtracting grants, scholarships, and loans from the direct costs or the estimated expenses on a bill from DePauw.
While the FAN is not a bill, the out-of-pocket cost calculation is the closest estimate to yearly expenses that you may see on a bill.
The sources of financial aid offered in a Financial Aid Notification (FAN) are separated into categories:
Grants and scholarships that do not need to be repaid
Student loans or other financing that must be repaid
Student employment or work study
Grants and scholarships do not need to be repaid.
Merit awards offered through the admission process based on merit or performance are available for a total of four years provided that renewal criteria are met. Please review the award notification for specific details. The Presidential Award of Excellence and the DePauw Distinguished Scholar Award require 2.75 cumulative grade point averages (GPAs) for automatic renewal.
Federal, state and institutional grants awarded by financial need are determined each academic year based on completion of the Free Application for Federal Student Aid (FAFSA).
Institutional grants and scholarships may be replaced with named endowed scholarships.
Student loans must be repaid.
Low-interest federal student loans are available to assist eligible students who have completed the FAFSA and are enrolled at least half-time. Terms, conditions, requirements and the application process are available available here.
If you would like to estimate monthly student loan payments and review repayment options, check out the Federal Student Loan Simulator.
Work Study is not included in the Net Price or Out-of-Pocket Cost calculations. Students are responsible for finding their on-campus job and can earn up to the awarded amount. Students will be paid by paycheck, direct deposit or may have the funds applied to their student account.
While the Financial Aid Office awards all student employment on campus, the Hubbard Center for Student Engagement administers the student employment program. Information about the employment process, requirements and job placement can be found on the Hubbard Center's webpage.
Your Financial Aid Notification (FAN) will be mailed to your home address and also available to be viewed on your applicant status portal. You will be notified if there are any changes to the financial aid based on receipt of additional scholarships or updates to the FAFSA.
If you have been offered loans in your FAN, some additional steps must be taken for the loans to disburse. These steps can be completed starting on June 1 and should be completed by July 31 to ensure timely disbursement.
Review the information here on Federal Student Loans and additional financing options.
Complete the Federal Student Loan request form. (You may be prompted to log into e-Services.) You will need to indicate a requested loan amount. The Financial Aid Office will calculate how much of the loan amount, if any, can be awarded as a subsidized loan. Click "Continue" to be directed to the Federal Student Loan website.
Sign in using your Federal Student Aid (FSA) ID.
Complete Entrance Counseling, which typically takes approximately 30 minutes.
Complete the Master Promissory Note (MPN). The entire MPN process must be completed in a single session and typically takes approximately 30 minutes to complete.
Please note that you will need to provide the names, phone numbers and addresses of two personal references on the MPN. References cannot share the same address or phone number.
Additional financing options can help cover educational expenses after initial aid, including:
When exploring loan options, prioritize Federal Direct student loans, which offer important protections and do not require credit checks. These loans provide more favorable terms compared to alternative financing sources.
Outside scholarships are a great way to cover your out-of-pocket expenses and are required to be reported to the financial aid office. Be sure to report any outside scholarships by emailing a copy of the scholarship notification to financialaid@depauw.edu.
Payment Services is responsible for administering the payment plan, billing university charges and receiving payments.
May - Watch for more information about taking action on your federal loans, exploring financing options and reporting outside scholarship.
June 1 - Begin the process to obtain Federal Student Loans, Federal Parent PLUS Loan and/or other financing options as needed.
July 1 - Submit your FERPA Form.
July 8 - Review the published fall semester bill.
July 31 - Complete Federal Loan processing for timely aid disbursement.