Eligibility Requirements for
Disbursement of 2013-2014 Summer
Semester Federal Subsidized Stafford
Loans at Lower Interest Rate
Please note that if your Summer Semester begins in May 2013 your disbursement will
not be held until June 28, 2013. You can view the months within your Summer
Semester at my.devry.edu under the Finances tab by clicking view more under
“Financial Aid Awards”. May 2013 disbursements will follow the standard disbursement
schedule of weeks 2-5 of the Session, or when you meet disbursement requirements,
whichever is later.
1. All required documentation must be complete by June 7, 2013 to be eligible for
disbursement on June 28, 2013. It is advised that you submit any required
documentation as early as possible in case it is determined that additional
documentation is needed in order to meet eligibility requirements. More information
about your missing documents are available on your student portal at my.devry.edu
under the Finances tab by clicking view more under "Financial Aid Awards". Please
note that if, upon review of your documentation, DeVry determines additional
documentation is required, and that documentation is not complete by June 7, 2013,
you will not be eligible for disbursement on June 28, 2013 and the higher origination
fee and interest rate will apply.
2. You must meet the enrollment requirement of half time status which is required for
Federal Stafford Loan eligibility. All eligibility requirements for Federal Stafford Loans
as defined by the U.S. Department of Education can be referenced here.
Your awards are based on a number of factors, such as the information you reported on
your Free Application for Federal Student Aid (FAFSA), if applicable. DeVry is required
to follow federal and state regulations when determining your award and may adjust
your awards at any time based on availability of funds or changes in your eligibility. For
example, your eligibility may change if:
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Your financial need changes
Additional resources or scholarships are received
Your enrollment changes during your semester
Satisfactory Academic Progress requirements are not met
You request a financial aid adjustment
You do not submit required documentation, as indicated above
Adjustments may result in cancellation or repayment of federal funds which may result
in a balance due to DeVry. If loans disbursed at the lower interest rate are subsequently
returned based on the above eligibility changes, please note that future loans disbursed
on or after July 1, 2013 will be at the higher interest rate and loan fee percentage.
©2013 DeVry Educational Development Corp. All rights reserved.
In New York, DeVry University operates as DeVry College of New York
Please be aware that DeVry is not in control of U.S. Department of Education
processing functionality which can also impact the disbursement of your funds prior to
the interest rate increase.
If this disbursement results in a credit on your account for the July 2013 Session, a
refund will be issued to you within 14 days of the start of the term, July 8, 2013.
To View Your Current Financial Aid Award(s)
Step 1: Log in to my.devry.edu using your Student D number and password
Step 2: Click on the "Finances" tab
Step 3: Look for the section called "Financial Aid Awards"
Step 4: Click "View More"
If you have any questions about these documents, please contact your student finance
professional. The contact information of your student finance professional is available
at my.devry.edu in the “Finances” tab under “Find Your Advisor”.
©2013 DeVry Educational Development Corp. All rights reserved.
In New York, DeVry University operates as DeVry College of New York