Financial Aid Awards : University of Dayton, Ohio

Awarding Financial Aid

The University invests $232 million in our students each year through generous financial aid awards. More than 93% of our students receive financial assistance including scholarships, grants (don't have to be repaid), educational loans and part-time work study.

First Step

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.

Consideration for Financial Aid

To be considered for need-based financial aid — including grants and loans — you should file the Free Application for Federal Student Aid (FAFSA). Once you submit your FAFSA, a federal formula is applied to help determine your financial need.

Families at all income levels may be able to demonstrate financial need based on their individual circumstances. Your financial aid award will be personalized based on your financial need.

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 University of Dayton will try to help you bridge the gap between the University's costs and your ability to meet those costs.

Also note that changes in your enrollment status can lead to financial aid adjustments.

Important FAFSA Reminder

To renew your aid, families must submit the FAFSA annually.

Notification Time Frames

The Office of Financial Aid will begin notifying students of their financial aid eligibility for each academic year according to the following schedule:

Incoming Students

We encourage students to file the FAFSA as soon as possible when it opens in October — admitted students who file the FAFSA will be prioritized as we create personalized financial aid offers. We plan to begin sending financial aid offers to admitted first-year students who have filed the FAFSA in early spring.

If we receive your FAFSA results after we begin awarding, admitted students can generally expect to receive your financial aid award within 7-10 business days.

Returning Students

Students whose FAFSA results are received by April 1, and who have met the standards for academic progress, should have awards by mid-June. Awards will be viewable on Porches.

If we receive your FAFSA results after April 1, you will be considered a late applicant and will be awarded after the on-time applicants. Being a late applicant can put you in jeopardy of losing need-based funds.

Adjustments to Financial Aid

Per federal regulations, financial aid awards may be adjusted throughout the school year as changes occur in your enrollment status, academic standing or in the program eligibility itself. If your aid is adjusted due to one of the reasons listed here, you will be notified via email.

Please view additional information if you are considering dropping a course or withdrawing from the University.

Enrollment Status Change

Unless enrolled as an ADAP student, undergraduate students are generally awarded financial aid based on being a full-time student (taking at least 12 hours per term). If you anticipate carrying less than 12 credit hours during any semester or need to drop below full-time status during the semester, we encourage you to speak with a financial aid counselor to discuss your eligibility as a part-time student. At that time we will also review with you the potential impact dropping courses may have on your financial aid for the following year.

Learn About the Potential Impact

Course Withdrawal

If you withdraw from all of your courses, either officially or unofficially, we will have to perform a Return to Title IV aid calculation.

Summer Attendance

Financial aid for the summer is limited. Students will be considered for grant eligibility from federal and state sources, if there is a FAFSA on file. Students can contact fss@udayton.edu with any questions about financial aid eligibility.

Learn More About Summer Aid

Residency Status

Your financial aid award was calculated based on your response on the FAFSA regarding your housing plans. You were assigned a cost of attendance (COA) based on whether you are living on-campus (UD or landlord) or commuting (living at home with your parents).

If your plans have changed, please notify our office.

Suspension or Dismissal

If you are suspended or dismissed from the University of Dayton, you cannot receive financial aid until you are readmitted as a degree-seeking student.

Your financial aid award for the next year will be canceled but you can appeal for reinstatement after being readmitted. The amounts of your financial aid awards will be based upon the available funds at the time of readmission. All regulations for aid renewal will be used.

Take the Next Step