Contact
DeVry Financial Web
Financial Aid
Scholarships
Statement of Account
Tuition
Related Links

Financial Aid

Federal Student Aid | Arizona Programs | EduCard | DeVry School Codes | Return of Title IV Federal Financial Aid

Federal Student Aid

To help students pay for postsecondary education, the U.S. Department of Education offers five major federal financial aid programs. DeVry students are eligible to participate in all five. More information about federal programs is available from The US Department of Education's Student Guide.

Federal Pell Grants
Federal Supplemental Educational Opportunity Grants (FSEOG)
Federal Perkins Loans
Federal Work-Study (FWS)
Federal Family Education Loans
- Federal Stafford Loans (Subsidized and Unsubsidized)
- Federal PLUS Loans (Federal PLUS)

Arizona Programs

Arizona Private Postsecondary Education Student Financial Assistance Program (PFAP) is funded by the state legislature of Arizona for graduates of Arizona public community colleges who will attend, on a full-time basis, an eligible private postsecondary institution for a baccalaureate degree. The total academic yearly award is $1,500. The total lifetime award is $3,000. An application is available at the Financial Aid office and must be submitted to the private institution contact listed in the link. Applications may be submitted throughout the year. Eligible participants will be considered on a first come, first served basis. Notification of the award will be mailed to the student and a copy to the institution. According to Arizona statutes, participants must agree when they accept the award to pay back the State of Arizona the full amount of the award if they do not graduate with their bachelor's degree within three years of receipt of the award. A promissory note must be signed and accepted by the Commission before the voucher transaction is complete.

The Leveraging Educational Assistance Program (LEAP) in Arizona is funded through the joint efforts of the Federal Government, the State of Arizona, and participating postsecondary institutions in Arizona. The maximum LEAP award may not exceed $2,500 per program year. The minimum LEAP award per year is $100. At DeVry/Phoenix, the maximum LEAP award is $1500 per program year due to limited funding in the program.

Arizona Postsecondary Education Grant (PEG) is funded by the State Legislature of Arizona for students of accredited private baccalaureate degree-granting institutions in Arizona. Participants must be a graduate of an Arizona high school or equivalent, enrolled at least half-time in an eligible private postsecondary bachelor degree-granting institution, an Arizona resident for the past five years, United States citizen or eligible non-citizen, and a recent High School graduate with a 2.5 G.P.A. and ranked in the upper 50% of your class, a first time college student over the age of 22 deemed college ready by your school, or a continuing college student making satisfactory academic progress. The total academic yearly award is up to $2,000. The total lifetime award is up to $8,000. Eligible participants will be considered on a first come, first served basis. According to Arizona statutes, participants must agree when they accept the award to pay back the State of Arizona the full amount of the award if they do not graduate with their bachelor's degree within five years of first disbursement of the award. Applications may be submitted throughout the year and students should contact the campus Student Finance office for info on application steps and eligibility requirements.

EduCard

EduCard is DeVry Inc.'s interest bearing installment loan program available to students attending DeVry University. The EduCard Plan provides an affordable payment program determined in accordance with individual family circumstances as reflected in the financial information submitted to DeVry.

DeVry School Codes

To uniquely identify a particular university, various organizations will often assign a distinct code to each school. The following organizations have assigned the following codes to the DeVry University Phoenix Campus:

Free Application for Federal Student Aid (FAFSA)
DeVry-Phoenix Code: 010727

Return of Title IV Federal Financial Aid

The Education Amendments of 1998 (HEA98) presents a major shift in the requirements for returning Title IV Federal Financial Aid when a student withdraws from the university. This change in policy is effective at DeVry University with the beginning of the Fall 2000 semester. This policy governs all federal grant and loan programs (Pell, SEOG, Stafford Loans, Perkins and PLUS loans), but does not include the Federal Work Study programs. Because this is a much more complicated process and may leave the student with an immediate obligation to the U. S. Department of Education, and to DeVry, all students are advised to consult the Student Finance office before withdrawing.

In general, the new law assumes that a student "earns" federal financial aid awards in proportion to the number of days completed in the term prior to the student's complete withdrawal. If a student completely withdraws from school during a term, DeVry must calculate, according to a specific formula, the portion of the scheduled Title IV financial assistance that the student has earned and is therefore entitled to retain, until the time that the student withdrew. If a student receives (or DeVry receives on the student's behalf) more assistance than he or she earns, the unearned funds must be returned to the Department of Education or to the Federal Stafford or parent's Federal PLUS loan lenders. This calculation could leave the student with a balance due to DeVry. The student is responsible for paying any remaining charges on their DeVry Educard account.