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Financial Aid. Profile Day Spring 2012 209.946.2421 s [email protected]. www.pacific.edu/financialaid. Financial Aid at Pacific. Total Aid : >$ 150 million (Stockton campus, 2011-2012) Includes over $50 million in University funds - PowerPoint PPT Presentation
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Financial Aid at Pacific Total Aid: >$150 million (Stockton campus, 2011-2012)
Includes over $50 million in University funds More than 80% of our students receive financial aid
Financial aid includes Scholarships and grants Loans Work-study
Need-Based Grants & Scholarships
Federal Pell Grant Federal SEOG Cal Grant A / Cal Grant B (California residents)
Pacific matches Cal Grants, provided that the student qualifies financially and the combined awards are not in excess of the student’s actual tuition charges.
University awards
www.pacific.edu/financialaid
Cal Grants: “It takes two forms” Financial eligibility (FAFSA) Verified Cal Grant GPA
Some schools submit GPAs electronically Others have students use the paper GPA form
(available at California Student Aid Commission Web site) Ask your high school for instructions!
Application Deadline (FAFSA & GPA): March 2
www.csac.ca.gov
Federal Student Loans & Work-Study
Federal student loans Low interest rates and generous repayment terms Repayment begins after the student leaves school
and the grace period has expired
Federal work-study Part-time employment during the school year
www.pacific.edu/financialaid
Financial Eligibility
Estimated academic year Costs of Attendance Tuition and other actual and estimated costs
Expected Family Contribution (EFC) Calculated on the basis of FAFSA information using formulas
prescribed by the federal government
Financial Need Most aid is for students who demonstrate financial need Exceptions: PLUS Loan (parents), Unsubsidized Stafford Loan
Your eligibility can vary from school to school!
In summary . . . Financial aid “package”
Students often qualify for funds from more than one financial aid program, thus a financial aid package
Scholarship recipients may qualify for aid in addition to the academic award
Federal PLUS Loan (Application Online) For parents of dependent undergraduate students FAFSA required - 7.9% interest rate Presented loan amount is not actual or actual loan
www.pacific.edu/financialaid
FAFSA (Free Application for Federal Student Aid)
Collects information about finances and other circumstances
Used to determine financial eligibility for federal, state, and University aid
Submit through Federal Student Aid processor File online at www.fafsa.gov (FAFSA on the Web)
No charge to file!
www.studentaid.ed.gov
FAFSA (continued)
List at least one California college or university
Sign with student and parent PINs Eliminates need to print and mail a signature page
Pacific’s FAFSA school code: 001329
Keep a copy of your completed FAFSA. Online filers, be sure to print and save the confirmation page. If you file a paper FAFSA, get a Certificate of Mailing at the post office.
www.fafsa.ed.gov
Application Checklist: Now
Get PINs: www.pin.gov Cal Grant GPA Verification
Mail completed form or confirm that school will submit GPA
2012-2013 FAFSA WorksheetEstimate eligibility for federal aid: FAFSA4casterScholarship search: www.collegeboard.com, www.fastweb.com
After you apply . . .
Federal Student Aid Report (SAR) Check carefully against completed 2011 tax returns and submit
corrections if necessary
California Aid Report (CAR) Notifies Cal Grant recipients of award value
Financial Aid Award Pacific will begin sending award notices by April 1. Follow all instructions for receiving the funds awarded
To make sure SAR email isn’t blocked add FederalStudentAid to address book
2011 Income Documentation
U.S. income tax returns Complete, signed copies of parent and student 2011 tax returns
or 2011 IRS Transcript All schedules and attachments, including W-2 forms Send copies to Pacific Financial Aid Office
Non-filer’s Statement Submit this form if you will not file a 2011 income tax return
Not part of initial application process but required for disbursement
Viewing your FA package Prospective students:
Step 1 - Go to insidepacific.pacific.eduStep 2 - Enter your PacificNet ID and passwordStep 3 - Go to the Undergraduate Financial Aid Awards and Requirements
section and select the access linkStep 4 - Select the Financial Aid Options - Click Here link to navigate to the
Financial Aid main menuStep 5 - Select the Award By Aid Year linkStep 6 - Select 2012-13 Financial Aid Year from the drop down menu and
click the "submit” buttonStep 7 - Select the Award Overview tab
Note: Your PacificNet ID and initial default password is located on the second page of your Admission offer letter.
Accepting your FA award How to Accept your FA award
Step 1 - Click on View Financial Aid AwardStep 2 - Click on Award By Aid Year, select the aid year and click
SubmitStep 3 - Click on Accept Award Offer tabStep 4 - Click the arrow on the drop-down box by the loan you want
to accept and select AcceptStep 5 - Click on the Submit Decision button
Note: If you want to accept the full amount of all of your awards click on the Accept Full Amount All Awards button.
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Importance of Accepting your FA Affects billing Impacts University Payment plans Loans take time (2-3 Business days)
Master Promissory Note Entrance Counseling https://studentloans.gov
Disbursement (& Refund?)
Need help? Contact us:
Financial Aid Office s Knoles HallOpen Monday–Friday, 8:30–5:00
Counselors available (except Wednesday mornings)9:30–12:00 and 1:00–4:00
209.946.2421 • [email protected]
www.pacific.edu/financialaid
