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Denison helps prepare you for life – starting with understanding your finances here on campus. You’ll find practical information here about how to apply for financial aid, pay your tuition, locate employment on campus, get great lessons in financial literacy and more.
You’ve received your final financial aid notice and it’s time to apply that aid to your tuition bill.
This is a simple process, however, sometimes issues can get in the way. The good news is that we can help you fix these issues.
When you are trying to track down the answers to your questions, it may help you to remember that the Office of Financial Aid helps you through the financial aid award process, while the Office of Student Accounts disburses the funds towards your tuition.
Here are some of the most common issues – and they are easily fixed.
Prospective students who apply for need-based aid are awarded estimated financial aid awards. Shortly after May 1, the Office of Financial Aid sends requests for verification documents (Dependent Verification Student Worksheet or Independent Verification Student Worksheet) to all students who enrolled with need-based awards. The tentative awards cannot be finalized until the requested documents have been received and financial aid information has been verified. Prompt response to these requests for information will ensure that the aid will disburse to the fall bills in a timely manner.
Upper-class students who file for need-based aid may be required to submit verification documents to complete their file before their financial aid packages can be generated. Upper-class students are encouraged to have their files completed by May 1, to ensure that their aid will disburse to their accounts.
For more information see Verification of Financial Information and Award Terms and Certifications.
First-time borrowers must complete a Master Promissory Note (MPN) and Loan Entrance Counseling before the loan can be disbursed to your account. Both of these requirements can be completed online. The MPN is a promissory note that can be used to borrow multiple loans for multiple academic years (up to 10 years). While attending Denison University, students will need to complete their MPN just one time. This requirement is for all first-time borrowers of a Federal Direct Student Loan. First-time borrowers also are required to complete Loan Entrance Counseling. Loan Entrance Counseling and the MPN can be completed online at www.studentloans.gov using your FSA ID, which you created to complete your FAFSA form.
Parents borrowing the PLUS Loan for the first time are required to complete a Master Promissory Note, which can be completed online.