$6,020

Avg. Federal Grant

$6,166

Avg. Federal Loan

$141,479,855

Total Aid Awarded

University of Denver Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

83%

Total Aid Amount Average Total Aid Awarded per year.

$141.480M

Financial Aid Official Website

www.du.edu/financialaid/

The cost of attendance at University of Denver, as we have realised, can be considered quite expensive. However, the university also provides a large array of financial aid options. The aids range from merit based scholarships to grants and even student loans. About 83% of the total number of students receive some kind of financial aid, the amount of which is a whopping $1,41,479,855. To be considered for any federal aid, you have to fill the FAFSA form.

Let's look at some of the gift aid options that are available to students of DU.

Scholarships

DU provides multiple merit based scholarships to its students. These are part of the gift aids, which means that the students do not have to return the amount that they receive. They are like gifts. Let's look at some of the scholarships:

  • Crimson Scholarship: This is a graduate scholarship for DU seniors graduating in the spring or summer 2020 term and recent undergraduate alumni who graduated in fall 2019 or winter 2020 can apply for accelerated admission into an eligible master's program through the Crimson Application process.
  • Chancellor Scholarship: This is an undergraduate scholarship, the award of which in the 2020-2021 session is $26,000 with an additional $3,000 of residence Hall Grant
  • Talent Scholarships: these scholarships are awarded to students who are extremely gifted in the fields of athletics, music, theater, speech and arts.

Grants

Grants, like scholarships are part of gift aids too, and will not have to be returned. Let's look at some of the options:

  • DU Educational Grant: This is an institutional undergraduate grant for students who keep a good academic track record and are in dire need of finances.
  • Federal Pell Grant: As suggested by the name, this is a federal grant awarded to students who are in need of finances to complete their degree and do not possess any prior undergraduate or graduate degrees
  • Federal Supplemental Educational Opportunity Grant (FSEOG):This is another federal grant that is generally awarded to students who are in exceptional need of finances and are already receiving Federal Pell Grant.

To know more about Undergraduate grants and scholarships, click here.

To know more about graduate gift aids, click here.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

18%

State Grant Aid

9%

Institution Grant Aid

87%

Pell Grant

18%

Average Aid Awarded

Federal Grant Aid

$6,020

State Grant Aid

$3,942

Institution Grant Aid

$28,980

Pell Grant

$4,848

Here is a breakdown of the financial aid that students receive on an average at University of Denver.

  • Approximately 18% of the students get Federal Grant Aid, which comes to around $6,020.
  • The same percentage of students receive the Pell Grant aid, which is 18% of the student population. The amount comes up to $4,848
  • Only 9% of the students  receive State Grant Aid, the amount for which is somewhere around $3,942
  • The most amount of aids comes from the institution as 87% of students receive it. The amount for this aid is around $28,980
  • A staggering 41% of the students take a loan at the default rate of 1.8%, the amount for which is $8,504 approximately.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$48,418

$30,001 - $48,000

$44,912

$48,001 - $75,000

$42,938

$75,001 - $110,000

$35,532

Over $110,000

$24,787

The amount of federal aid that a student receives is inversely proportional to the income group they fall under.

In the income group of $0-$30,000, students can expect aids of approximately $48,418. For the next scale, which is $30,001-$48,000, the students receive grants of $44,912 on an average. Unfortunately, however, as the scales keep increasing, the grants keep decreasing quite a bit. The next scale, which is $48,001-$75,001, students can expect grants of about $42,938. The higher the scale, the drastic the difference. This can be noticed as the scale of $75,001-$110,000, the grant only covers $35,532, and the last cap which is anything above $110,000, the grant comes up to only $24,787.

Student Loans for University of Denver

Average Loan Amount Average Loan Amount received per year.

$8,504/Year

Students Taking Out Loans

41%

Loan Default Rate

N/A

Student loans, unlike the grants and scholarships, fall under self-help aids and have to be repaid to the lenders with interest. Evenn though there are private loan options available, it is advisable to opt for Federal loans. The Federal loans that you can opt for are:

  • Federal Direct Subsidized/Unsubsized loans
  • Federal PLUS Direct Loans.

To know more, you can click here.

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