Federal Loans

To apply for federal loans at the Delaware State University, students must file Free Application for Federal Student Aid (FAFSA).

Federal Direct Loan information will be submitted to the National Student Loan Data System (NSLDS). Your Federal Direct Loan servicer will be listed on the NSLDS website. NSLDS information is accessible to schools, lenders, and guarantors for specific purposes as authorized by the U.S. Department of Education.

Private Student Loans

DSU Loan Counseling

DSU is committed to providing accurate and reliable information regarding financial aid options to military-affiliated students. Through the Office of Financial Aid, students have access to resources on both federal and private student loans and are encouraged to consult with trained financial aid counselors for personalized guidance.

At DSU, oversight and management measures are implemented to ensure that financial aid counselors are trained and qualified before offering, recommending, arranging, signing up, or enrolling military service members in federal or private student loans. The Executive Director of Financial Aid serves as the designated compliance point of contact for this purpose.

Delaware State University ensures adherence to the following standards:

  • Employment of trained and qualified financial aid counselors who adhere to a Code of Conduct compliant with the Higher Education Opportunity Act of 2008, ensuring transparency and ethical practices in financial aid disbursement.
  • Provision of access to trained and qualified financial aid counselors for military service members before offering private student loans. These counselors offer comprehensive loan counseling, covering:
    • Explanation of available financial aid, including Title IV of the Higher Education Act of 1965.
    • Description of differences between private and federal student loans, including terms, conditions, repayment, and forgiveness options.
    • Disclosure of DSU’s student loan Cohort Default Rate (CDR) and comparison to the national average. Any discrepancies are disclosed along with loan repayment data.
    • Explanation of students’ ability to refuse or borrow less than the maximum allowable student loan amount.
  • Accessibility of DSU’s Cohort Default Rates (CDR) and refund policies to all students, including all military-affiliated individuals, ensuring transparency and accountability in financial matters.

Cohort Default Rate

School 3-Year Default Rate FY 2018, 2019, and 2020

Federal Cohort Fiscal Year (year borrowers entered repayment) 2018 2019 2020*
Delaware State University
Three-year Loan Default Rate
11.2% 3.4% 0%

*In 2020, the default rates were influenced by the pause on federal student loan payments, preventing borrowers with Department of Education-held loans from entering default.