2020-21 Affording Your Education

DICKI NS ON STAT E UN IVERSITY

AFFORDING YOUR EDUCATION

#discoverdsu

AFFORDING YOUR EDUCATION Dickinson State University offers various tools to help you benefit financially and educationally as you prepare for a career in your field of study.

Your college education is an important investment.

Understanding the costs involved and the financial aid available are vital parts of planning for your future. As a student at Dickinson State you may qualify for several forms of financial aid including grants, scholarships, federal work study, and loans.

THEODORE ROOSEVELT HONORS LEADERSHIP PROGRAM Dickinson State University’s Theodore Roosevelt Honors Leadership Program (TRHLP) is a student-driven program that combines elements of leadership, service, and academic rigor into curriculum through special honors courses.

Participants are able to maximize opportunities in the classroom while engaging in participative decisionmaking and collaborative problem solving techniques through intellectual rigor and character development.

TRHLP scholars will receive a scholarship valued at $3,000 per academic year for a maximum of four years.

dickinsonstate.edu/scholarships

ACADEMIC SCHOLARSHIPS FIRST YEAR STUDENT PRESIDENTIAL SCHOLARSHIP

$1600

Requirements (must meet one): HS GPA: 3.25 TOEFL: 71 ACT: 22 IELTS: 6.0 SAT: 1100 Terms: Full Time Enrollment, Degree Seeking, New First Year Student Renewability: Renewable for up to four years; Eligible students must have earned 24 credits in the academic year with a GPA of 3.0 or higher TRANSFER STUDENT PRESIDENTIAL SCHOLARSHIP

$1600

Requirements: Total GPA: 3.00 Terms: Full Time Enrollment, Degree Seeking, New Transfer Student 24 credits earned in the academic year with a 3.0 GPA Renewability: Renewable for up to three years; Eligible students must have earned 24 credits in the academic year with a GPA of 3.0 or higher THEODORE ROOSEVELT HONORS LEADERSHIP PROGRAM SCHOLARSHIP

$3000

Requirements (must meet one): HS GPA: 3.5 OR Transfer GPA: 3.25 with ACT: 26 less than 60 credits earned SAT: 1170 Terms: Full Time Enrollment, Degree Seeking, New First Year or Transfer Student 24 credits earned in the academic year with a 3.0 GPA Renewability: Renewable for a maximum of four years; Eligible students must have earned a minimum of 12 credits per academic semester with a GPA of 3.25 or higher

Students may accept one of the above named scholarships. Combining of these specific scholarship awards is not permitted.

DSU HERITAGE FOUNDATION SCHOLARSHIPS

The DSU Heritage Foundation invests in future generations by acknowledging academic and extracurricular excellence as well as supporting scholarly and creative activities through the awarding of scholarships. For more information, visit: dsuheritagefoundation.org

ATHLETIC SCHOLARSHIPS

Scholarships are awarded to student-athletes on a case-by-case basis. To be considered for an athletic scholarship, you must fill out the recruitment form for each individual sport. The “Recruit Form” can be found online at dsubluehawks.com.

EXTERNAL SCHOLARSHIPS

Although it is not comprehensive, there is a list that includes scholarships sent to DSU by third parties. To view the full list, please visit: dickinsonstate.edu/scholarships

FINANCIAL AID Before each year of college, apply for federal grants, work-study, and loans with the Free Application for Federal Student Aid (FAFSA®) form. DSU uses your FAFSA data to determine your federal aid eligibility. The FAFSA opens every year on October 1. The identification code for DSU is 002989. You will receive an electronic Student Aid Report approximately 3-5 days after your FAFSA is submitted. Below, you will learn about some common types of aid and how they may be useful to you.

GRANTS

Grants are a financial award given by the federal, state, or local government to an eligible recipient. Here are some examples of grant funds that do not need to be repaid: Federal Pell Grant • May be awarded to undergraduate students pursuing their first bachelor’s degree for up to 12 semesters or its equivalent of 600%.

• The amount of the grant is based on the Expected Family Contribution number, the student’s need, cost of attendance, enrollment status, and the money appropriated by the federal government.

Federal Supplemental Educational Opportunity Grant • May be awarded to undergraduate students who are eligible for a Federal Pell Grant.

• SEOG is a campus-based program and may be awarded according to the availability of funds.

• Students must meet DSU’s FAFSA priority deadline of April 15 to receive initial funding.

North Dakota State Grant • May be awarded by the North Dakota University System to undergraduate students who meet Title IV eligibility criteria, meet state high school eligibility, are residents of North Dakota, and have not previously received a state grant for more than eight full time equivalent (FTE) semesters.

• The grants are need-based and are dependent upon the availability of funds and pro-rated based on enrollment status. Students apply by submitting the FAFSA. TEACH Grant • May be awarded to students who maintain a 3.25 GPA or qualifying score on admissions test, agree to teach full-time at least four years at a designated school with a high percentage of low-income students within eight years of graduation, and agree to teach in a specific high-need subject.

• The grant provides up to $4,000 per year, not to exceed $16,000 for undergraduates; however, if the student does not fulfill the teaching requirement, the grant funds become a Direct Unsubsidized Loan, which must be repaid.

Federal Work Study • Federal Work Study (FWS) is a campus-based program and may be awarded according to the availability of funds. FWS provides part-time jobs for students with financial need, allowing them to earn money to help pay for college.

• Eligible students must apply for a position at dickinsonstate.edu>Employment>Open Positions.

• A FWS award indicates that the student is eligible to seek FWS employment; however, it does not guarantee a job.

LOANS

Educational loans are a tool used by some students to help fund their education. Loans must be repaid. Here are some examples of loans some of our students utilize: Direct Subsidized Loan • May be awarded to students who are enrolled at least half-time and have need.

• The federal government pays the interest for the subsidized loan while the student is enrolled at least half-time in college.

• The maximum amount that can be borrowed is $23,000.

• Repayment begins six months after graduation or if the student ceases to be enrolled at least half-time.

Direct Unsubsidized Loan • Is a non-need based program for those ineligible for any or all of the direct subsidized loans.

• The student is responsible for the interest payment while enrolled and interest begins accruing as soon as the loan is taken out.

• Repayment begins six months after graduation or if the student ceases to be enrolled at least half-time.

• The maximum loan amount for dependent students is $31,000; the maximum loan amount for independent students is $57,500.

Direct Parent Loan for Undergraduate Students (PLUS) • Enable parents to borrow money to help pay for their children’s education. Parents may borrow on behalf of a dependent student.

• The maximum loan amount that a parent may borrow for each dependent student is the difference between the cost of attendance and any other financial assistance.

• The PLUS loan requires a separate application. If the period of enrollment is more than one semester, there will be multiple disbursements.

• Generally, the loan enters repayment within 60 days of the final disbursement. To apply, go to studentloans.gov, complete the PLUS Request Process and a Master Promissory Note.

Alternative Loans • Alternative student loans are funded by private lenders and are not based on financial need. These loans are primarily used to supplement the federal

programs when federal aid and scholarships do not cover the cost of attendance. • Alternative loans are based on a student’s credit history and often require a cosigner. Eligibility, rates, terms, and conditions vary by lender. Please visit dickinsonstate.edu/fastchoice for more information and a list of lenders.

VERIFICATION Verification is a requirement under the federal financial aid program regulations. In this process, Dickinson State University will confirm, through documentation, that the information provided on a student’s FAFSA is correct.

The verification process ensures that eligible students receive all the financial aid to which they are entitled and prevents ineligible students from receiving financial aid to which they are not entitled. When a student is selected for verification, the Office of Financial Aid at DSU will send an email and/or letter outlining forms and documents they must submit. Financial aid funds cannot be disbursed until verification has been completed.

MORE INFORMATION: dsu.financialaid@dickinsonstate.edu 701-483-2371

291 Campus Drive | Dickinson, ND 58601 701-483-2507 | 1-800-279-HAWK (4295) dsu.hawk@dickinsonstate.edu www.dickinsonstate.edu