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Financial Aid for Undergraduate Students

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 that your parent 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, your parent can either go to www.eac-easci.org/knownow or call 1-800-458-4011. This takes about 5 minutes to complete.
     
  • 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 Federal PLUS Loan paperwork 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), you may apply for additional loan money through an alternative student loan.
     
  • You may need a cosigner if you have bad credit or have NOT established ANY credit.
     
  • Please review the information about our preferred alternative loan lenders. You can apply for the alternative loan of your choice at this web address OR contact the DWU Financial Aid Office for a paper application.
 
         
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1200 W. University Ave
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Last updated: 11/23/07
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