Financial Aid Policy
The University of Dayton realizes that many students need assistance financing their college education. Financial aid is available in the form of non-repayable grants, scholarships, student loans and part-time employment. Parent loans and monthly payment plans are also available. Priority is given to our full-time, degree-seeking students.
Students seeking financial assistance must complete the Free Application for Federal Student Aid (FAFSA) annually and it becomes available October 1st for the following year. Developed by the U.S. Department of Education, the FAFSA is used to determine the family's financial need after careful review of income, assets and other household information. Eligibility for need-based federal, state and university-sponsored aid is determined by comparing the total cost of attending UD with a family's available resources, as determined by the FAFSA.
The FAFSA should be submitted electronically each year (fafsa.ed.gov) by mid-January to meet our priority deadline of February 1st for incoming first year or transfer undergraduate students. Currently enrolled undergraduate and graduate students should file the FAFSA by mid-March each year to ensure that the University of Dayton receives the results by the priority deadline date of April 1st. UD's federal code is 003127.
In order to submit the FAFSA electronically, the applicant (student) and at least one parent (if deemed a dependent student by FAFSA definition) must possess a federal student id. To apply for an FSA ID, the appropriate parties should visit fsaid.ed.gov. To make the process even simpler, most families can electronically transfer their tax information directly into the FAFSA using the IRS Data Retrieval Tool (DRT). Students are encouraged to call the Admission/Financial Aid Office as an incoming student. Currently enrolled undergraduate students and graduate students may reach out to the Office of Financial Aid in the Student Services Center.
In addition, the Higher Education Act (HEA) of 1965, as amended, requires institutions that receive and disburse Federal Title IV aid, to develop and enforce, annually, their standards of satisfactory academic progress (SAP). These requirements encourage students to successfully complete courses for which financial aid is received and to progress satisfactorily toward degree completion.
The University of Dayton also uses these same standards for the renewal of other University and state funds. The Office of Financial Aid will review your progress in May of each year to verify your eligibility for aid for the next academic year. We recommend you review the Satisfactory Academic Progress guidelines for undergraduate students.