*FAFSARequired application for Federal Student Aid and many Scholarships.Online application at www.fafsa.ed.govHave families apply- even if they dont think they will qualify!
Free Application for Federal Student AidFASFA
What Goes On The FAFSA?
Student and parents 2013 Federal Income Tax information for 2014-2015 award yearU of A school code 001083 Social Security NumberCreate a PIN
There are options for Students with Limited Internet Access
*Financial Aid TimelineFinancial Aid Timeline
Can begin filling out FAFSA January 1st (senior year)Can estimate income tax returns and correct late
Priority Deadline for submitting FAFSA is March 1st
FAFSAFASFA Application ProcessStudent can include up to 10 schools on one application
An EFC (Expected Family Contribution) is generated US Department of Education sends Student Aid Report (SAR) to you and electronically sends information your schoolsSchool sends Financial Aid award notification to you
EFCWhat is an EFC?
The EFC is a snapshot of the previous years income data. It is the basis for which to award federal financial aidThe EFC is used to determine student aid and loans
How much does it cost?2014-2015Sample Academic Year ExpensesTuition & Fees: $10,390Room/Food: $9,174Books/Supplies: $1000Total: $20,564
Financing your Education
*GrantsGrants Generally Need Based Grants are gifts-no payback Many types PellInstitutional and Other Federal GrantsArizona Assurance
*Grants: Arizona AssuranceTo Qualify:Arizona Resident$42,400 Family Income3.0 GPA by the end of junior yearComplete UA application by March 1stFAFSA by March 1stIf asked, College Board Profile by March 31st
AZ Earn to Learn
You Save They Match $500 + $4,000
You Get = $4,500For tuition and other college expenses!
Be eligible for a university defined target groupIf under the age of 18, a parent or guardian and the participant must co-apply with youBe an Arizona resident and have lived here for 3 months prior to applying Be a U.S. citizen or eligible non-citizenHave a social security or federal tax identification numberHave earned income from full or part-time work or be co-applying with a spouse partner,guardian, or parent who has earned income.Have a household earned gross incomeat or below 200% of the federal poverty level based on household sizeORwithin Federal Earned Income Tax Credit (EITC) limitsHave net assets that do not exceed $10,000, excluding one vehicle and one home when net worth is calculated
Merit based scholarships (academic performance)
Wildcat Excellence (resident tuition award)
Regents High Honors Tuition Scholarship AIMS Scholarship
National Scholar ProgramNational MeritNational Hispanic ScholarshipNational Achievement Scholarship
*ScholarshipsStart looking for scholarships early Students should never pay for scholarship searchesScholarships can be essay contestsThe more difficult the application, the fewer the applicantsPay close attention to deadlines and datesTake a rigorous course loadscholarshipuniverse.arizona.eduOver 20,000 users Winner of 2012 Campus Technology Innovator award in Administrative Systems
*Loans Loans(Loans are financial aid too!)
Federal Stafford Subsidized Loan Need Based Does not accrue interest while student is in schoolRepayment begins six months after graduation or if a student is enrolled less than half-time Federal Stafford Unsubsidized Loan Accrues interest while student is in schoolRepayment begins six months after graduation or if a student is enrolled less than half-timeParent PLUS Loan Credit BasedRepayment begins two months after the 2nd disbursement Private Loans (Interest is Variable)Credit Based
*Reference InformationOSFA Contact InformationThe University of ArizonaOffice of Student Financial AidAdministration Building, Room 208
Phone: 520.621.1858 Fax: 520. 621.9473
*Some people find it helpful to use prior years income tax return to help estimate future year taxes.Note that for the Academic Year Expenses: this is based on an in-state student living on-campus and are expenses that the Office of Student Financial Aid estimated for the students, during their 9 month stay with the University of Arizona. Remember: much of the food, travel, and miscellaneous expenses are incurred during high school. Financial aid can help cover this if you choose it. These numbers are the average of a survey that are conducted every other year ago at the U of A.
For Direct Expenses: just tuition and books/supplies.