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Types of Financial Aid

The Financial Aid Office administers three primary types of programs to help you and your family afford a DePauw education.

Scholarships & Grants

Gift aid that is awarded based on academic achievement, talent, field of study and/or financial need. Scholarships & grants do not have to be repaid.

loans

Funds that are borrowed to help pay for educational expenses. Loans must be repaid, usually with interest.

student employment

Funds that can be earned by working in exchange for wages. Employment earnings do not have to be repaid.


Scholarships & Grants

Scholarships and grants are types of gift aid that do not have to be repaid and are available through federal, state, institutional or private sources.

Eligibility for merit-based scholarships and need-based grants is determined at the time of admission based on prior academic strengths and, if you apply for financial aid, your demonstrated financial need. 

The amount of scholarship assistance will remain approximately the same each year as long as the following criteria are met:

  • You are a full-time student.
  • You applied for financial aid on time.
  • You are meeting the Satisfactory Academic Progress standards.
  • You have approximately the same amount of financial need that you had in prior years.

Loan Programs

Borrowing to meet the costs of a college education can be a wise investment, but it is important to understand terms and conditions.

Unlike other financial aid programs, loans require additional steps such as request forms and promissory notes.  If you cannot find what you need on this website, please contact theFinancial Aid Office.  If you have received a loan and wish to decline it, simply send your request in an email to financialaid@depauw.edu. Find details about loan programs and the loan application process by navigating through the left menu.  

Loan Programs are Administered by Two Separate Offices at DePauw

THE FINANCIAL AID OFFICE 

Located at 204 East Seminary, the Financial Aid Office is responsible for awarding and confirming eligibility for ALL student loans. This office works with the federal government and private lenders to certify, originate and disburse Federal Direct Stafford and Federal Direct PLUS loans as well as private/alternative loans.

THE STUDENT LOAN OFFICE

Located in the Administration Building at 313 South Locust, the Student Loan Office is responsible for issuing promissory notes and managing disbursement for the Federal Perkins loan and all institutional loans. This office also counsels student borrowers on all issues concerning repayment and deferment. Repayment counseling is available to both current and former students.


Student Employment

The purpose of the student employment program at DePauw is to enable as many students as possible to partially defray educational costs and to develop desirable work attitudes and habits through varied job experiences.

The work experience is intended to complement the educational process and to enhance future employment. The Financial Aid Office administers all student employment on campus.

Federal Work Study

The Federal Work-Study Program provides financial assistance to students through part-time campus employment and allows Colleges and Universities the opportunity to employ students to fill a variety of departmental positions.  Eligibility for the Federal Work Study Program is determined through completion of the Free Application for Federal Student Aid (FAFSA).  Students will be notified of their eligibility for Federal Work Study when they receive their Financial Aid award letter.  The amount awarded is reflected on their Financial Aid award letter and this is the maximum amount a student may earn during the academic year.

Required Paperwork:

  • Work study application

  • Federal and state withholding tax forms

  • I-9 required verification of citizenship by the Department of Homeland Security.  

    (Two pieces of identification are required.  Examples include but are not limited to:  one picture ID such as a driver's license or DePauw ID and a non picture ID such as a social security card or birth certificate.  A valid passport is acceptable for both picture and non-picture ID)

Students may not begin working until all required paper work is completed.  All forms are available in the Financial Aid Office, located on the second floor of the Emison Admission Building at 204 East Seminary. 

FIRST YEAR STUDENTS

First year students will receive the work study application and federal and state withholding forms to complete prior to Orientation.  The I-9 form will be available for first year students to complete during Orientation.  Validation of the I-9 form will require identification as previously referenced.

During our first year orientation there is an opportunity for students eligible for Federal Work Study to meet with our Student Employment Coordinator for information about our interview and hiring process.     The student employment program exists to aid students in gaining valuable experience in a variety of areas on our campus and provide part time employment to assist in financing their education. 

Supervisors are responsible for establishing a work schedule with each student during the interview and hiring process.  On line time card orientation will also be provided by each Supervisor and students must enter time on this time card to participate in the Student Employment Program.  A certification form, outlining the agreement between the Supervisor and the Student will be completed at the time of hiring.  Our student employment wage rate is $7.25 per hour and students will be paid an hour’s wage for an hour worked. 

Students will be paid bi-weekly and may have their student employment earnings directly deposited to a checking, savings account or their tuition account.  This will require the student to complete an authorization form available in the Financial Aid Office and in Human Resources.  Students who do not sign an authorization form will receive their bi-weekly check in their mail box located in the Student Union Building.

FEDERAL WORK STUDY -- COMMUNITY SERVICE

Student employment opportunities in our After School Community Service Tutoring Program are available for students who are eligible for Federal Work Study.  This program offers tutoring to school age children in elementary schools, middle school and high school.  Tutoring takes place both on and off campus.  Students will receive extensive training including but not limited to; chapter study guides, sound effects used in intervention to assist students at low reading levels, as well as tutoring in math.

RETURNING STUDENTS

Returning students should contact their previous employer to establish their schedule and confirm their employment.  Supervisors will post additional positions through our on line system available on the student's eServices page.  Students working for the first time must complete all required paperwork previously referenced.  All forms are available in the Financial Aid Office located on the second floor of the Emison Admission Building at 204 East Seminary.

Supervisors are responsible for establishing a work schedule with each student during the interview and hiring process.  On line time card orientation will also be provided by each Supervisor and students must enter time on this time card to participate in the Student Employment Program.  A certification form, outlining the agreement between the Supervisor and the Student will be completed at the time of hiring.  Our student employment wage rate is $7.25 per hour and students will be paid an hour’s wage for an hour worked.

Students will be paid bi-weekly and may have their student employment earnings directly deposited to a checking, savings account or their tuition account.  This will require the student to complete an authorization form available in the Financial Aid Office and in Human Resources.  Students who do not sign an authorization form will receive their bi-weekly check in their mail box located in the Student Union Building.

Non-Work Study Employment

Students not eligible for federal work study can check with the Financial Aid Office at the beginning of each semester to determine availability of funding for employment opportunities.  Students must complete all required paperwork before working.

Students not eligible to participate in the Student Employment Program are Residence HallAssistants, Community Resource AssistantsBonner Scholars, Julian Scholars, ITAP Studentsand Malpas Scholars.