Understanding University of Delaware Finances: A Comprehensive Guide to Tuition, Fees, and Financial Aid

Choosing a university is a significant investment, and understanding the financial aspects is crucial. The University of Delaware (UD) is annually recognized as one of the best values in higher education for its academic quality and affordability. This article provides a detailed overview of UD's tuition, fees, financial aid options, and resources to help prospective students and their families navigate the costs associated with attending the university.

Understanding the Costs: Tuition, Fees, and Room & Board

To understand how much you will pay for the University of Delaware, it's essential to consider the various components that make up the total cost of attendance. The sticker price is the advertised price of the school. Below is a breakdown of these expenses:

Out-of-State Tuition: $35,890

To get an estimate of the cost of attendance based on your situation, use UD's free cost calculator.

Navigating Financial Aid: Grants, Scholarships, and Loans

Applying for financial aid is one of the most misunderstood-yet important-parts of the admission process. Several avenues exist to help students finance their education. These include grants, scholarships, and student loans.

Grants

Grants are typically need-based and do not require repayment. They can be awarded by the federal government, your state, or the college itself.

Pell Grants: 16% of undergraduates at UD receive Pell Grants.

Merit Scholarships

Scholarships are awarded based on your financial need or academic achievements. They do not need to be repaid, but you may have to reapply for them each year. Submit your University of Delaware (UD) admission application by Jan. 15 to be considered for UD merit scholarships. The application opens Aug. We lead with our best offer for merit scholarships, therefore appeals for additional merit scholarship funding are not accepted.

Student Loans

Student loans are sums of money given to students to help them pay for college now. You must pay this money back later with interest.

Federal Student Loans: 56% of full-time first-time undergraduates are awarded federal student loans.

The FAFSA and Financial Aid Application Process

To access federal and institutional financial aid, students must complete the Free Application for Federal Student Aid (FAFSA).

FAFSA Filing: File the FAFSA as close to the time you submit your UD application as possible to ensure timely notification of your full financial package. The federal government annually offers roughly $120 billion annually to college students through need-based grants, loans, and work study. In addition to determining your eligibility for federal student aid, the University of Delaware uses the FAFSA when distributing grants. We recommend filing the FAFSA to be considered for any need-based aid.
FAFSA Adjustment Appeal: Students who have experienced significant changes in financial status since the 2024 tax year can submit a FAFSA adjustment appeal after completing the FAFSA and receiving their full aid notice.

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Tuition Remission and Tuition Exchange

The University of Delaware offers specific tuition benefits for employees and their families.

Tuition Remission: Tuition remission is tuition assistance for dependent children or spouses of a UD employee.
Tuition Exchange (TE): Tuition Exchange is a scholarship opportunity for dependent students of faculty/staff at TE member institutions. Any freshman or transfer TE applicant must complete the UD application process and be officially admitted as a full-time undergraduate student. A TE online application must also be received by the Jan. 15 deadline for consideration. All freshman applicants will be notified of their award status by mid-March.

Lerner College of Business and Economics: A Focus on Finance

For students interested in finance, the Lerner College of Business and Economics at UD offers a robust program. A strong background in finance will prepare you for a decision-making role in any organization. In Lerner’s finance program, you will learn how to balance opportunity with risk to ensure resources are allocated to their best use. The undergraduate finance degree at the University of Delaware has been recognized by the CFA Institute as a program that incorporates over 75% of the Chartered Financial Analyst (CFA) Exam Material into its curriculum, including the CFA Institute Code of Ethics and Standards of Professional Conduct. The finance department awards five scholarships per year for qualified students to take the CFA Exam.

Blue Hen Investment Club: The Blue Hen Investment Club is the University of Delaware’s student-managed investment fund with $5 million assets under management.

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Honors College: The honors college at UD offers a scholarly and enriching community that extends well beyond graduation. All requirements for the B.S. The honors credits in the major must include at least six credits in BUAD and/or FINC courses.
Career Outcomes: Within 6 months of graduating, for the class of 2024, 96% of Lerner’s finance graduates are employed (earning a mean starting salary of $70,769) or pursuing further education.

Real-World Experiences and Opportunities

UD provides numerous opportunities for students to gain practical experience and insights into the finance world. Lerner Students Provide a Wealth of Knowledge at New FPC - Seniors Natalie Radebaugh and Giacomo D'Alessandro, along with certified financial planner Caleb Ray, are providing free professional coaching to UD students and employees in the new center.

Internships: Ian Nicol, Class of 2026 finance and accounting double major, spent his time at UD as a legislative intern in the Office of the House Majority Leader within the United States House of Representatives.
Field Trips: Lerner finance and marketing students, along with members of Lerner's Career Services Center, participated in a field trip to New York City last month, where they spent the day visiting industry professionals and networking with UD alumni.

Managing Your Financial Aid

It's crucial to understand how to manage your financial aid effectively.

My SFS Docs: Did you know certain types of financial aid require the student or parent/guardian to take action before the aid can pay to the student account? UD employs an online document management system called My SFS Docs, which facilitates the collection of important information needed to finalize a student's financial aid eligibility. My SFS Docs is the student's account. As such, the student must set up login information to access this system. Parents are encouraged to facilitate sending documents and information through their student.

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