A student's Financial Aid Award Notification is based on Doane University's estimate of the cost to attend our institution for an academic year. Doane University's Cost of Attendance (COA) includes tuition, general student fees, average room and board, average book cost, and transportation and personal expenses.
The student must file a Free Application For Federal Student Aid (FAFSA) to qualify for Doane need-based aid and any federal financial aid each academic year. The FAFSA considers actual income, value of family resources, family size and number in university to calculate the student's Expected Family Contribution (EFC). Doane determines need by subtracting our COA from the EFC. The difference equals financial need.
Doane University offers the maximum amount of aid a student qualifies for, as funds permit. Within available resources, Doane University attempts to meet the financial need of students. However, Doane University in accordance with federal methodology, considers the family to have the first obligation to provide for the education of their student. The second obligation falls upon the student to contribute to the cost of his/her education from personal assets and earnings, including appropriate borrowing against future earnings. Doane University uses the federal aid methodology in awarding all need-based aid.
If you receive aid from outside sources (i.e. local scholarships, employer reimbursement, etc.) you must notify the Financial Aid Office. Federal regulations prohibit the total of all financial aid received (scholarships, loans, etc.) from exceeding the cost of attendance for a given year. In the case that this would occur, loans and/or student employment are reduced first.
Financial aid awards are made for a given academic year and are renewable as long as you meet the requirements of institutional aid awarded and/or continue to file the FAFSA and demonstrate need.
To continue to receive federal financial aid, a student must be meeting the federal aid satisfactory academic progress (SAP) requirements and be meeting all student aid eligibility requirements as defined by the U.S. Department of Education.