The Office of Financial Aid would like to remind all parents that the Priority Deadline for submitting your 2013-14 FAFSA ( http://www.fafsa.ed.gov/ ) is March 1st. If you have not yet completed your 2012 taxes, you can submit your FAFSA using estimates (based on your 2011 taxes). Two weeks after you have filed your 2012 taxes, your can make corrections to the FAFSA using the IRS Data Retrieval tool to bring in information directly from your tax return. Those students who submit their FAFSA prior to March 1st are much more likely to be considered for need based funds, like work study, which tend to run out quickly. You must complete the FAFSA each year in order to continue to be eligible for need base aid.
Academic Scholarships awarded when a student was first admitted to UD require a 3.0 cumulative GPA by the end of the academic year in order to maintain the scholarship in full. Students must also have earned 24 credits each academic year to maintain scholarship eligibility. If your student is not meeting these requirements by the end of the fall they may want to consider Mayterm or a summer term at UD to help boost their GPA and credits, and keep their scholarship intact. Scholarship requirements are different than the requirements to maintain need based federal, state, and UD aid. To review the financial aid SAP requirements please see page 65 and 66 of the 2012-13 bulletin.
If you are the parent of a graduating senior who has borrowed federal loans during their time at UD, the Office of Financial Aid will contact your student prior to graduation asking them to complete Exit Counseling. Exit Counseling can be completed at www.nslds.ed.gov. This website also provides a great resource for students to see an overview of the federal loans they have borrowed while at UD. Students who have borrowed federal loans must complete Exit Counseling to receive their diploma and official transcripts.