Student Loans for University of Dayton Students
About University of Dayton
The University of Dayton is home to 8,100 undergraduate students, and is nestled in the picturesque mid-size city of Dayton, Ohio, right on the banks of the Miami River. Dayton’s community and the University have long been closely tided, with the Roman Catholic university having earned a reputation for good citizenship and having a very positive affect on the surrounding communities of Dayton. The University is in the top 10 of national Catholic universities, and has an excellently regarded law school. UD owns a little piece of history, as well, as the first Catholic university in the US to become coeducational, which happened in 1937. Overall, the University of Dayton is much beloved by its students, faculty, and the citizens of Dayton alike – it’s a great choice for undergrad applicants.
Before you get on campus, you should throw together a budget for your year, considering that you’re receiving University of Dayton financial aid. What we’re suggesting is not a penny-by-penny tallying of the money you save and spend, or an elaborate algorithm that calculates how much money you’re saving or borrowing every second: we just want you to be aware of your financial situation, and to not spend more than you can reasonably afford while receiving financial aid from UD. Going out every now and then and exploring Dayton is a fine way to spend some cash, just keep an eye on your finances!
Applying for University of Dayton Financial Aid
The University of Dayton financial aid office is kind to students and families who are applying for financial aid in that they only require the Free Application for Federal Student Aid (FAFSA). Just requiring one form (and a relatively easy one, at that) streamlines the financial aid process to a great degree. If you have questions about the application process for UD financial aid, or you’re stuck on a certain part of the FAFSA, give the UD financial aid office a call, and they’ll be happy to assist you.
University of Dayton Aid Packages
Student loans, scholarships, grants, and work-study programs are the four parts of all standard financial aid packages, and things are no different when it comes to UD financial aid. Nearly everyone at Dayton receives financial aid (99%), and a little over half the student body (53%) takes out federal student loans to help cover the cost of attendance at UD. In addition to these federal borrowers, a large percentage (17%) of students take out private student loans to supplement their UD financial aid packages. If you’re in a situation where you’ve exhausted all available forms of student aid and still need money for attending UD, consider a private student loan. Take a look at our student loan comparison tool on this page to search, compare, and apply for a private student loan that fits your financial profile best and that will allow you to attend UD.
Your Estimated Family Contribution, or EFC, is an important figure that determines the amount of Dayton financial aid you are eligible to receive. A family’s EFC takes into account family income, the cost of college, assets, number of children, and a variety of other aspects that color a family’s financial picture. When these figures are evaluated based on information provided on your Free Application for Federal Student Aid, your EFC is determined; the amount of financial aid you are eligible for is your EFC minus the cost of attendance.
Which types of aid are included in University Of Dayton financial aid?
Financial aid is available to students who can’t afford complete education costs. Dayton University believes in helping students gain access to higher education without having to worry about affordability. You can apply for aid through a FAFSA application, and the different types of aid include loans, grants, scholarships, and employment programs.
Can you give me a rough calculation of what type of financial assistance students can expect from University of Dayton financial aid?
Just like every other U.S. academic institution, the financial assistance offered at the University of Dayton is divided into student loans, scholarships, grants, and work-study. But what’s encouraging for students considering going to UD is that almost 100% students receive financial aid, with only 53% taking out federal student loans. The concept of awarding grants and scholarships is quite encouraging, with just 17% of students taking out private student loans.
Pay for University of Dayton*
|Total Avg. Cost||$39,470|
|Room & Board||$7,940|
|Financial Aid Information|
|Students Receiving Fin Aid||99%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$13,996|
|%Receiving Other Loans||15%|
Get into University of Dayton
Contact University of Dayton
|300 College Park
Dayton, OH 45469(937) 229-1000
|Financial Aid Office URL|
|Admissions Office URL|
*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics