Institutional Student Loans

Denison University has need-based institutional loans available up to a maximum of $5,000 annually, that can be requested to help cover gaps in financing.

Denison Scholar Loan

  • You can reach out to the Office of Financial Aid to request a Denison Scholar Loan and a counselor will work with you to determine eligibility.
  • Denison Scholar Loan is a low interest student loan that does not accrue interest while you are in school.
  • Before the Denison Scholar Loan can be disbursed to your account, you must actively accept your loan.
  • In addition to actively accepting your Denison Scholar Loan, you must complete additional loan requirements:
    • Promissory Note: This is your agreement to repay your loan.
    • Loan Certification: This is your certification of the Cost of Attendance, your total financial aid (not including the amount of the Denison Scholar Loan for which this is being completed), and the remaining amount of unmet need (Cost of Attendance – Financial Aid).
    • Disclosure Statements: This explains the terms of your loan repayment and estimated monthly payment amounts.
    • The Office of Financial Aid will email you when your loan information is sent to the loan servicer, University Accounting Services (UAS), to create the loan requirements. UAS Connect will send you an email with a link and instructions for completing the loan requirements. These requirements must be completed each time you accept a Denison Scholar Loan and if there is an increase in the amount of your already accepted Denison Scholar Loan.
  • Repayment begins 9 months after graduation or after you are no longer enrolled at least half-time (6 credit hours) at Denison University, at which time a 6% fixed interest rate will begin to accrue during the life of the loan. There is a standard 10-year repayment period unless otherwise noted on your disclosure statements.

C.E. Schell Foundation Loan

  • The Office of Financial Aid will determine which students are eligible for the Schell Loan. Once this determination is made, eligible students are notified via email.
  • Schell Loan is a no-interest student loan that does not accrue interest during the life of the loan.
  • Before the Schell Loan can be disbursed to your account, you must actively accept your loan.
  • In addition to actively accepting your Schell Loan, you must complete additional loan requirements:
    • Promissory Note: This is your agreement to repay your loan.
    • Loan Certification: This is your certification of the Cost of Attendance, your total financial aid (not including the amount of the Schell Loan for which this is being completed), and the remaining amount of unmet need (Cost of Attendance – Financial Aid).
    • Disclosure Statements: This explains the terms of your loan repayment and estimated monthly payment amounts.
    • The Office of Financial Aid will email you when your loan information is sent to the loan servicer, University Accounting Services (UAS), to create the loan requirements. UAS Connect will send you an email with a link and instructions for completing the loan requirements. These requirements must be completed each time you accept a Schell Loan and if there is an increase in the amount of your already accepted Schell Loan.
  • Repayment begins 6 months after graduation or after you are no longer enrolled at least halftime at Denison University. There is a standard 10-year repayment period unless otherwise noted on your disclosure statements.

To accept, reduce, or decline a Denison Scholar Loan or Schell Loan:

  1. Login to MyDenison using your Big Red ID credentials
  2. Click on MyApps and My Financial Aid
  3. Agree to the Terms & Conditions presented the first time you login
  4. Select/confirm the appropriate aid year is displayed, top right of page
  5. Navigate to Accept/Decline Awards under the Menu, top left of page

*Students are required to take action on any awards in Pending status before any financial aid will disburse. You must either accept or decline offered student loans. You can accept the full amount of the offered loans or you can accept a reduced amount of the loan by typing in the amount you wish to accept in the box next to the offered amount.

*If you wish to reinstate a loan you have already declined or to modify a loan you have already accepted, please contact the Office of Financial Aid. All requests for loan adjustments must be made in writing via email from your student email address.

Processing, Disbursement, and Loan Adjustments

  • Once accepted, please allow 5-7 business days to receive an email from University Accounting Services (UAS) notifying you that the institutional loan requirements (loan certification, promissory note, and disclosure statements) are available to complete.
  • The loan requirements must be completed again if the loan amount is increased after the original loan requirements were completed.
  • Funds will be disbursed once they have been accepted and the two loan requirements are completed.
  • Please contact the Office of Financial Aid via email to request a reduction or cancellation of your loan.