Financial Aid Application Process

• Complete and submit the 2009-2010 Free Application for Federal Student Aid (FAFSA) or the renewal FAFSA (for returning students) by May 1, 2009. Be sure to designate DeSales University by the school code of 003986. Learm more at: www.fafsa.ed.gov.
• If you plan to apply for a Federal Stafford Loan, you must complete a Master Promissory Note and Entrance Interview.  You can complete these forms online at the Financial Aid section of this site. Please note that this process must only be completed one time while you are enrolled at DeSales University.

Education Loans

**Please be advised that you will be able to borrow loans for each phase of the program. **

• Students who are eligible for a subsidized Stafford loan will not be required to make interest or principal payments until six months after graduation or when the student is no longer enrolled in a degree program on at least a half-time basis. The loan egibility limit is the following:

$5,500 maximum per year*

• If a student needs additional loan assistance, he/she may borrow an additional unsubsidized Stafford loan. If the student is determined to be independent based on the questions listed on the FAFSA, then the unsubsidized amount will be offered automatically. If a student is determined to be dependent then he/she would only be eligible for the additional unsubsidized amount if a parent is denied the Parent Loan for Undergraduate Students (PLUS). A student may choose to make quarterly interest payments on this loan while enrolled in a degree program or add the accruing interest to the principal until repayment. Repayment will begin six months after graduation or when he/she is no longer enrolled in a degree program on at least a half-time basis. The loan egibility limit is the following:

$7,000 maximum per year*

• DeSales University offers alternative/private loans through several lenders. A student may borrow up to the cost of attendance minus any other financial aid that the student has been awarded. Please note that this loan option requires eligibility approval by the lending institution.

Important Contact Information

Office of Financial Aid
610.282.1100, ext. 1287

ACCESS Billing/Treasurer's Office
(Joanne Seif)
610.282.1100, ext. 1376

*These amounts are based on full-time status.