Denver College of Nursing maintains a staff of financial aid professionals to assist students in obtaining the financial assistance they require to meet their educational expenses. Available resources include federal grants and state aid programs, student loans from both federal and private lenders, and federal work-study opportunities, both on and off campus. Any U.S. citizen, national, or person in the United States for other than temporary reasons who is enrolled or accepted for enrollment may apply for these programs.
Most forms of financial assistance are available for each July 1 – June 30 award period. Every student considering application for financial aid should visit https://studentaid.gov for assistance with understanding eligibility requirements, the application process, deadlines, and the various forms of grants and loans available. In addition, the College’s Consumer Information Guide contains detailed information about financial assistance programs (www.denvercollegeofnursing.edu/consumer-information.html).
Federal Pell Grant
The Federal Pell Grant does not need to be paid back as long as classes are successfully completed. The amount of the award depends upon the determination of the student’s eligibility, the student’s enrollment status, and cost of attendance. The amount awarded ranges from $740-$7395 per academic year.
Federal Supplemental Educational Opportunity Grant (FSEOG)
Each year Denver College of Nursing makes a limited number of awards to students through the Federal Supplemental Educational Opportunity Grant (FSEOG) program. These funds are reserved for students who qualify based upon financial need. The Financial Aid Advisor determines who will receive FSEOG and the amount awarded, based on need, not to exceed the program maximum. The amount awarded ranges from $2400 to $800, based upon availability.
Federal Direct Loan Program (FDLP)
The Federal Direct Loan Program (FDLP) has both subsidized and unsubsidized loans. A subsidized loan is awarded on the basis of financial need (need is the budgeted Cost of Attendance less estimated financial aid). The federal government pays interest on the subsidized loan until repayment begins and during authorized periods of deferment.
An unsubsidized loan is not based on financial need. The borrower is charged interest from the time the loan is disbursed until it is paid in full. In addition, until repayment begins and during authorized periods of deferment, the unsubsidized loan borrower has the option to pay the interest or allow the interest to accumulate. Accumulated interest will be added to the principal amount of the loan and will increase the amount the borrower must repay. Federal student loans are subject to annual limits based upon grade level and total amount borrowed at all schools previously attended.
Federal Direct Parent PLUS Loan Program
Federal Direct Parent PLUS Loans for Undergraduate Students are for parents with good credit who want to borrow to help pay for their student’s education. These loans are subject to annual limits based upon the student Cost of Attendance and amounts borrowed at previous schools on behalf of the student.
Federal Work-Study Program (FWS)
The Federal Work-Study Program (FWS) provides employment for students who demonstrate financial need and who would like to have a job to pay educational expenses. The program encourages community service work and work related to a student’s program of study. FWS employment is arranged with public or private non-profit agencies off campus, and the work performed must be in the public interest. FWS employment opportunities are also available on campus in a variety of student services positions.
Veterans’ Benefits
The Denver College of Nursing is approved for participation in various funding programs offered through the Veterans’Administration. Information on eligibility requirements and applications can be obtained from the Financial Aid Office. A studententitled to educational assistance under chapter 31 or 33 should submit a Certificate of Eligibility and military transcripts as earlyas possible, but no later than the first day of class. Students who request in writing to use their chapter 31 or 33 entitlement andprovide all necessary information for a timely certification of enrollment will receive a budget sheet or financial aid award letteroutlining these benefits which would be used to pay for costs the student will incur. In such cases, the College will not imposeany penalty, including the assessment of late fees, the denial of access to classes, libraries, or other institutional facilities, or therequirement that a covered individual borrow additional funds due to the individual’s inability to meet financial obligations tothe College due to the delayed disbursement of a payment to be provided under chapter 31 or 33.
Chapter 35 and Chapter 1606 benefits are also eligible for certification. The Certificate of Eligibility is required to begin reporting enrollment to the VA for benefits.
GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government Web site at https://www.benefits.va.gov/gibill.
Alumni Scholarship
Graduates from the Denver College of Nursing who are accepted for admission into the College’s fully online, RN-BSN or MSN program, will be eligible for a scholarship for each quarter that the student is enrolled. The Scholarship will be divided into equal disbursements over the duration of the student’s degree program. Graduates from articulation agreement partners are also eligible for the scholarship. In the event that a student withdraws or is dismissed from the RN-BSN or MSN programs, any undisbursed portion of the scholarship will be cancelled.