Undergraduate Financial Aid
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.
Please use the links on the left and below to explore the opportunities!
Types of Aid
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.
Costs and Budgets
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.
Undergraduate Direct Costs for the 2014-2015 Academic Year
Meal plan: $4,740
Undergraduate Student Budgets
The Office of Financial Aid establishes annual student budgets to reflect a realistic cost of attendance. These budgets include both your direct (billable) costs, above, and those non-billable costs associated most commonly with college. We then use this budget to determine your eligibility for financial aid. Per federal regulation, the combination of financial assistance received by the student from all sources cannot exceed the established student budget.
Billing and Payment
The Office of Student Accounts is responsible for the billing and payment process for all 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.
For families who would like to spread their payments out over the year, the University currently offers a low-cost payment plan option. Many of our families choose to use this option to pay their student's balance after financial aid is applied.
In some cases, the amount of financial aid applied exceeds a student's billable charges. This results in a credit balance on the student's account. 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 Student Accounts' homepage.
Adjustments to your schedule may affect your charges and aid so be sure to talk with a financial aid counselor if you plan to drop a course (or courses). Based on the University's refund policy, your charges and financial aid may be adjusted.