We know that paying for school can seem hard. But for qualifying individuals, Federal financial aid is available – and the Financial Aid Representative at DBSC will work with you on loan applications and on finding the best options for your situation. Always know that "Education is an investment in your future".

Students wishing to apply for Financial Aid may do so by scheduling an appointment with the Financial Aid Office at our Forest Lane location.

The following is a list of possible financial aid that you may qualify for:

• Federal Pell Grant

  Grants are financial aid awards that do not require repayment. Grants are available to eligible students and are usually based upon financial need.

  Learn more about Federal Pell Grants here: https://studentaid.ed.gov/types/grants-scholarships/pell
• Direct Subsidized Loan

  Direct subsidized loans must be repaid with interest. The U.S. Department of Education pays interest while borrower is in school and during grace and deferment periods. Student must be enrolled at least half-time and have financial need. Visit https://studentaid.gov/manage-loans/repayment for latest information on interest rates.

  Learn more about Direct Subsidized Loans here: https://studentaid.gov/understand-aid/types/loans/subsidized-unsubsidized
• Direct Unsubsidized Loan

  Direct unsubsidized loans must be repaid with interest. The borrower is responsible for all interest. Student must be enrolled at least half-time; financial need is not required.

  Learn more about Direct Unsubsidized Loans here: https://studentaid.gov/understand-aid/types/loans/subsidized-unsubsidized
• Direct PLUS Loan

  Direct PLUS loans must be repaid with interest. Parents of dependent undergraduate students may apply for Direct PLUS loans up to the total cost of attendance, minus any other financial aid the student receives. The borrower is responsible for all interest. Student must be enrolled at least half-time; financial need is not required.

  Learn more about PLUS loans for parents here: https://studentaid.gov/understand-aid/types/loans/plus
• VA Benefits
• State Vocational Rehabilitation Aid (DARS)
• Private Pay
  Private Pay/Alternate loans can provide additional funding to assist student with their education. These are generally provided by banks and credit unions and other private lending institution. Information on these loans can be found on the web (see www.fastweb.com)

Apply for Financial Aid

DBSC's School Code for the FAFSA is: 036824

Financial Aid is available for those who qualify. In order to apply for Federal Financial Aid you must complete a Free Application for Financial Aid (FAFSA) for school year: 2020/2021.

Please visit the Free Application for Federal Student Aid (FAFSA) website www.fafsa.gov to complete the FAFSA Form. You can also complete and submit a paper FAFSA by calling and requesting one at 1-800-4-FED-AID.

Federal Financial Aid awards and amount are based on the information provided by the student on his/her FAFSA and are determined by the Department of Education.

Master Promissory Note

An MPN is a binding legal document that you must sign before receiving your first Direct Loan. The same MPN can be used to make one or more loans for one or more academic years (up to 10 years). Therefore, if you leave school and return, you may be able to receive additional loans without signing a new MPN. An MPN lists the terms and conditions under which you agree to repay the loan and explains your rights and responsibilities as a borrower. It is important to read your MPN and keep it in a safe place because you will need to refer to it later when you begin repaying your loan or at other times when you need information about provisions of the loan.

Entrance Counseling

If you have not previously received a Direct Loan or Federal Family Education Loan (FFEL), the Federal Government requires you to complete entrance counseling to ensure that you understand the responsibilities and obligations you are assuming.

If you are completing entrance counseling to borrow a loan as an undergraduate student, then the entrance counseling will fulfill counseling requirements for Direct Subsidized Loans and Direct Unsubsidized Loans.

Who should complete this?

• Students who have not previously received a subsidized/unsubsidized loan or PLUS loan (graduate/professional students only) under the Direct Loan Program or Federal Family Education Loan (FFEL) Program.

Exit Counseling

Exit counseling provides important information to prepare you to repay your federal student loan(s).

If you have received a subsidized, unsubsidized or PLUS loan under the Direct Loan Program or the FFEL Program, you must complete exit counseling each time you:

• Drop below half-time enrollment
• Graduate
• Leave school

Who should complete this?

• Students who have received a subsidized, unsubsidized or PLUS loan(s) under the Direct Loan Program or the FFEL Program, must complete exit counseling each time they drop below half-time enrollment, graduate, or leave school.