Types of Aid

The types of aid are generally federal, institutional, or private.

Institutional Aid

DMU assists students based on merit and need through assistantships and a limited scholarship fund.

Private Funding

Students are encouraged to obtain private sources of grants and loans whenever possible. Many private organizations and foundations provide grant funds to students.

DMU Scholarships

DMU Scholarships are gift aid to students. For more information, call (571)257-0878

DMU Assistantships

Depending on the award amount, assistantships require between 10-12 hours of work per week, for a total of 150 hours for each semester, respectively. Teaching, research, and clinical assistantships are available to Psy.D. students beginning not sooner than the 3rd year; research and administrative assistantships are available to students. The assistantship assignments are determined by a team of faculty and staff. All student workers are required to clock in and out and hours would be paid bi-weekly after supervisors’ approval. The amount of the tuition reduction associated with each assistantship award varies, and all awards are primarily merit-based, and secondarily need-based.

Please note: award amounts vary depending on program year and type.

  • International Students: please contact financial aid

Federal Financial Aid

Students attending DMU have access to federal student financial aid programs, including the Federal Work-Study Program and the William D. Ford Federal Direct Loan Program.

The University has a program participation agreement with the United States Department of Education to participate in the Title IV Federal Financial Aid Program (Title IV).

Federal Work-Study Program

The Federal Work-Study Program is need-based, and positions and hours per week vary. Time records, signed by the supervisor, are required for this program, which is paid by the hour in the form of a bi-weekly paycheck. The total amount of the award is stated in the award letter and is determined by the level of need and type of position in which the student will work.

Federal Loans 

DMU participates in the William D. Ford Federal Direct Loan Program, through which Title IV federal student loans are available to assist eligible students in meeting their educational costs. These federal aid funds include Stafford unsubsidized loans up to a maximum award of $20,500 for the academic year. Grad Plus loans or private loans are available for the remaining cost of attendance should the student desire these options. For information about Direct Loans, please go to the following website: https://studentaid.gov/understand-aid/types/loans/subsidized-unsubsidized. Information and examples of Refunds for Title IV Funds can be found at the end of the Financial Aid section of the catalog.

The types of loans are listed below:

  • Stafford Unsubsidized: $20,500 annual maximum
  • Grad-Plus: amount up to the student’s Cost of Attendance and credit record.
  • For the Youtube page on federal aid, click here
LoanFor ConsiderationAmountRateDeadline
Federal Direct Graduate Unsubsidized LoanAdmission and filing of the FAFSA$20,500 per year8.08%Open throughout academic year
Federal Direct Graduate PLUS LoanAdmission and credit approvalCost of attendance minus any financial aid9.08%Open throughout academic year

Please note: Undergraduate plus Graduate subsidized and unsubsidized maximum loan limit cannot exceed $138,500

Private Loans

Private Education Loans, also known as Alternative Education Loans, help bridge the gap between the actual cost of your education and the limited amount the government allows you to borrow in its loan programs. Private loans are offered by private lenders and are not part of any federal financial aid program.

The link below offers an application tool that allows you to compare lenders and rates for possible private loans. Divine Mercy University does not recommend or endorse any private student loan programs.

Alternative/Private Loan Programs.

ELIGIBILITY FOR AN ALTERNATIVE / PRIVATE LOAN

To be eligible, you must:

  • Be a U.S. citizen or permanent resident.
  • Be at least 18 years of age
  • Must have a positive credit history and/or a creditworthy co-signer.

Payment Plans

DMU is also able to offer interest-free installment payments, with no set-up fee.  For more information about setting up a payment plan, please contact the Business Office (703.416.1441 x. 105). 

VA Benefits

All degree programs offered at Divine Mercy University have been approved for Veterans Education and Training. This institution is approved to offer GI Bill® educational benefits by the Virginia State Approving Agency. More

GI Bill Funding Eligibility

DMU programs are approved for veterans benefits. This institution is approved to offer GI Bill® educational benefits by the Virginia State Approving Agency. Go to https://www.gibill.va.gov/ for more information.

Yellow Ribbon G.I. Bill Education Enhancement Program

DMU is approved for the Yellow Ribbon G.I. Bill Education Enhancement Program, also known as the Yellow Ribbon Program, beginning with the academic year from August 1 to July 31.

The program agreement permits the school and the VA to provide matching funds to cover all or a portion of the outstanding amount of established charges not covered under the Post-9/11 GI Bill.

Link for list of schools approved for the GI Bill: https://www.va.gov/education/choosing-a-school/