Financial aid based on need is not automatically renewable. You must reapply to be considered for grants, loans, and/or work awards each year.
Financial Aid Application Steps for Returning Students
To apply for need-based financial aid, including state and federal programs, you and your parents must submit the following:
- DePauw Financial Aid Application
- Free Application for Federal Student Aid (FAFSA) – DePauw's six-digit federal FAFSA code is 001792. The 2014-15 FAFSA is available after January 1, 2014.
- When possible, students and parents should utilize the IRS Data Retrieval Tool when completing the FAFSA. (Unless specifically requested, tax returns are no longer required for returning students.)
- 2013 W2 Forms for Student and Parent(s)
Financial Aid Application Deadlines
The priority deadline for completing the financial aid applications is May 1st (please note that this deadline date is later than in previous years and that Indiana Residents still must submit the FAFSA by March 10th to qualify for state assistance). The FAFSA is completed online.
Some students may be selected by DePauw or by the Federal Government for a separate process called "Verification". In these cases, the student will receive a separate request from the Financial Aid Office by email and/or by letter identifying what additional items are required to complete the file. The deadline for submitting verification items is 30 days from the time of notification.
Penalties for Missing the Deadlines
All student financial aid applicants are required to submit renewal documents according to the established deadlines. If your file is incomplete, you may jeopardize need-based scholarship assistance. Beginning June 1st, need-based scholarship assistance will be reduced by $500 for each month that your file is incomplete. If there are special circumstances that will prevent you from meeting these deadlines, please contact the Financial Aid Office.
When You Will Hear From Us
Financial aid award notifications will be available after second semester grades are finalized (in early June). Students receiving need-based assistance must also meet minimum satisfactory academic progress standards. Details are found at www.depauw.edu/admission/financial-aid/policies/sap/.
Special Note for Indiana Residents
It is imperative that Indiana residents meet the required deadline established by the State of Indiana (March 10th). If you receive state funding and you do not submit your FAFSA by the March 10th deadline, you will not be eligible for state funds and DePauw University will not replace the loss of these funds.