Additional Funding Options

DWU Payment Plans

• Set up payments to come directly out of your checking or savings account. By selecting this option, no interest will accrue on your outstanding balance with the DWU Business Office.
   
• Write a check each month. By selecting this option, there will be a 1% interest fee charged monthly on your outstanding balance.
   
• If you have questions regarding the payment plans, please contact the DWU Business Office at 605-995-2693.

Federal PLUS Loan

• This is a loan that your parent may be able to borrow if you are an eligible dependent student. We recommend if your parent is unsure whether or not they would be approved for this loan due to their credit history to complete the pre-approval process even if he/she does not want to take out the Federal PLUS Loan.
    
• To complete the pre-approval process for the Federal PLUS Loan have your parents go to the following website at www.dwu.edu/financialaid/plus.htm and follow the steps. If they are unable to access this information by internet contact the DWU Financial Aid Office.
    
• If your parent is approved he/she has the option to take out this loan.
    
• If your parent is denied the Federal PLUS Loan, you will qualify for additional Unsubsidized Federal Stafford Loan money. The amount received will depend on your grade level.
    
• If your parent would like to borrow the Federal PLUS Loan, he/she can do this anytime during the semester. However, we recommend that the process be done before the semester begins. The DWU Financial Aid Office will send your parent the instructions on completing the Federal PLUS Loan paperwork online upon receiving notice of the pre-approval.
    
• Please review the PLUS vs. Alternative Student Loan information

Alternative Student Loans

• Beyond the Federal Stafford Loan(s) a student may apply for additional loan money through private alternative student loans.
    
• The student may need a cosigner if you have bad credit or have NOT established ANY credit.
    
• For more information regarding private alternative student loans please go to the following website: www.dwu.edu/financialaid/altloan.htm. If you decide you would like to apply for the alternative loans you can choose from lenders on this website or you can search for other lenders who participate in these types of loans.