It's simple math. Really.
The first step in applying for financial aid is to apply for admission to the University of Dayton. The federal government requires that any student seeking need-based financial aid must first be admitted to a degree-seeking program.
Many undergraduate students qualify for a combination of merit-based scholarships and need-based grants. Educational loans, school-year employment, alternative loans and payment plans are designed to fill in the gap.
Keep in mind that financial aid is not intended to cover all of your expenses. The primary financial responsibility belongs to you and your family. The Office of Financial Aid will try to help you bridge the gap between the University's costs and your ability to meet those costs.
The nuts and bolts of affording your education.
Most types of financial aid awards fall within one of two categories:
Gift aid refers to awards that do not have to be repaid. Awards of this nature are generally called scholarships or grants.
Self-help refers to awards that require something in return from the student in order to receive the funds. Awards of this nature include student loans and student employment. Loans will require repayment and student employment will require the student to secure a part-time position on campus to receive their paycheck.
Use your budget to manage your costs. Simple, right?
The University of Dayton is one of the most affordable private, Catholic universities in the country. Among comparable universities, it is an excellent value. Tuition costs at the University of Dayton are the same for all full-time undergraduate students. Since the University of Dayton is a private institution, there are no special out-of-state charges. In addition, beginning with the 2013-14 year, there are no additional fees associated with full-time enrollment.
Undergraduate Costs for the 2013-14 Academic Year
Meal plan: $4,600
The Office of Financial Aid establishes annual student budgets (.pdf) to reflect a realistic cost of attendance. These budgets include both your billable costs, above, and those non-billable costs associated most commonly with college. We then use this budget to determine your eligibility for assistance. Per federal regulation, the combination of financial assistance received by the student from all sources cannot exceed the established student budget.
The 'when' and 'how' of account management.
The Office of the Bursar is responsible for the billing and payment process (.pdf) for all undergraduate students. Each student has a student account, which summarizes all charges and payments made for University services. The transactions in this account accumulate over the entire enrollment period at the University of Dayton, from enrollment deposit through graduation fee.
E-refunding is now the preferred method for refunding Financial Aid excesses to our students. To complete the one-time setup for this option, follow the instructions found on the Office of the Bursar homepage. For families who prefer not to pay their student's balance in a lump sum, the Office of the Bursar currently offers two different payment plans (.pdf).
Adjustments to your schedule may affect your charges and aid so be sure to talk with a financial aid counselor if you must drop a course (or courses). Learn more about the University's refund policy (.pdf).
We're just a phone call (or email) away
Although we've provided you with a lot of information, chances are you still have questions. And we'd be happy to answer those for you! Feel free to contact a financial aid representative by phone or email. To better serve our families, financial aid counselors are available at two campus locations:
Currently enrolled students
Location: Flyers First Office, St. Mary's Hall, Room 411; Assistance is provided on a walk-in basis.
Office Hours: 8:30 a.m. to 4:30 p.m. Monday - Friday
Location: Office of Admission and Financial Aid, Albert Emanuel Hall, First Floor
Office Hours: Monday through Friday, 8:30 a.m. to 4:30 p.m. (Closed Noon to 1:00 p.m.)
Phone: 800-UD PRIDE
Prospective students will receive general financial aid information during the campus visit information session. In addition, high school seniors may schedule individual financial aid appointments from April through May to review their financial aid award offers. Assistance is provided on a walk-in basis all other times of the year, Monday thru Friday, 8:30 a.m. - Noon and 1:00 - 4:30 p.m.
Office of Financial Aid
University of Dayton
300 College Park
Dayton, OH 45469-1672