Embed Size (px)
DESCRIPTION
Financial Aid. Profile Day 2013 209.946.2421 s [email protected]. Financial Aid at Pacific. Total Aid : >$ 150 million (Stockton campus, 2012-2013) Includes over $70 million in University funds More than 80% of our students receive financial aid Financial aid includes - PowerPoint PPT Presentation
Citation preview
Financial Aid at Pacific Total Aid: >$150 million (Stockton campus, 2012-2013)
Includes over $70 million in University funds More than 80% of our students receive financial aid
Financial aid includes Scholarships and grants Loans Work-study
www.pacific.edu/financialaid www.studentaid.gov
Need-Based Grants & Scholarships
Federal Pell Grant Federal SEOG Cal Grant A / Cal Grant B (California residents)
University Grants/ UOP GRANT
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
Parent Resource Federal PLUS Loan (Application Online)
For parents of dependent undergraduate students Loans are approved based on credit history 7.9% interest rate FAFSA is required If the loan is denied:
We can offer the student additional Unsubsidized Loan eligibility up to $4000.00
Obtain a co-signer/endorser
Financial Eligibility
Estimated academic year Costs of Attendance Tuition and other actual and estimated costs
(minus) 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
Documentation
Federal Student Aid Report (SAR) Check carefully against completed 2012 tax returns and submit
corrections if necessary
California Aid Report (CAR) Notifies Cal Grant recipients of award value
Financial Aid Award Pacific has started sending award letters via the Student Pacific
e-mail. Follow all instructions for receiving the funds awarded
2012 Verification :Pacific is a 100% verification institution. Documentation is required for all incoming students to verify aid eligibility and
ultimately the disbursement of financial aid.
Once your 2012 Federal Taxes have been filed, you may opt to use the IRS data retrieval tool to update your FAFSA. Copies of W-2 forms (if any) will still be required to complete the student’s file.
A “non-filers statement” is available online for those parents and students who are not required to file a tax return.
2012 Verification (cont.)
Once your 2012 Federal Taxes have been filed, order a copy of the 2012 Federal Tax Return Transcript at: www.irs.gov under “Order a return of Account Transcript”.
The Transcript will be mailed to you. Please provide Pacific a copy of the transcript and W-2 forms.
If taxes will not be filed students and parents will have the opportunity to complete a “non-filers statement” online via insidePacific
Student Award Notification
Your Financial Aid Informationwww.pacific.edu
Financial Aid TabUnder Academic Services
The Financial Aid Menu
Financial Aid DetailAll free money will be noted as “accepted” all other programs will require student action to accept or decline
www.pacific.edu/financialaid www.studentaid.gov
Required Documents
Additional Information About LoansStudent and Parent
A master promissory note and an entrance counseling session will be required of all new borrowers. These requirements are completed online at:
www.studentloans.gov
First day to complete will be July 1.
Importance of Accepting your FA
Affects billing Impacts University Payment plans Loans take time (2-3 Business days)
Master Promissory Note Entrance Counseling www.studentloans.gov
Disbursement
Financial LiteracyThe University of the Pacific has developed a series of workshops to provide students a foundation for a balanced financial future. Topics
include:
Developing a realistic budget Knowing student loan rights and responsibilities Make the most of the student loan grace period Paying the interest that accrues on your loans during periods when
payments aren’t required Understanding and limiting credit card use
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
