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3

COA is your annual budget for:Educational Expenses, including:

Books and suppliesTravel and RotationsHealth, Disability and other fees

Living Expenses (applicable to student only):RentUtilitiesFood, Personal, etc

4

ScholarshipsMilitary, WICHE, Institutional, Other Sources

Federal Work-Study

Federal LoansStafford loan (subsidized and unsubsidized)Graduate PLUS loanPerkins Loan

5

$40,500 1st-year Stafford maximum (Example only, differs per program and length)

FORMULA: $55,641 On-campus COA budget - 40,500 Stafford Maximum - 1,000 FWS if applicable

- other aid Scholarship/Perkins/etc. $14,141

COA minus Stafford minus all other aid equals Graduate PLUS request $14,141

6

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NEW students must complete Steps 1 through 4 in order to receive financial aid

Step 5 is required for students who want the maximum funding

CONTINUING students thereafter must complete a new Institutional Application (Step 2) and a new FAFSA (Step 3) each year to receive financial aid continuously

FAFSA must always be completed by the April 1st priority deadline date for consideration of Perkins and some scholarships

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Access MWUNET: https://online.midwestern.edu using your login and password. At the “Financial Services” tab choose “Apply for Aid”

Complete Financial Aid Steps as early as January 1st

Classes starting in: June: Complete no later than May 15th

Early August: Complete no later than July 15th

Late August: Complete no later than August 1st

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Federal Regulations require completion just one time for new borrowers at MWU

Reviews Rights & Responsibilities of all borrowers concerning Federal loans

Save Confirmation for verification of completion

We cannot originate loans until we’ve received the automated electronic notification that your Entrance Counseling is complete

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Must be completed once each year to receive financial aid

Data used by financial aid office to properly fund students based on: On- or off-campus housing status Requested loan amounts All other aid received for educational purposes

Complete before priority deadline as indicated on our website

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FREE APPLICATION FOR FEDERAL STUDENT AID

Apply for FAFSA PIN www.pin.ed.gov

Use our website or www.fafsa.ed.gov

Complete FAFSA as soon as taxes are filed No later than April 1st priority deadline date

Use Federal Tax information for income figures Estimate taxes only if necessary. May be required to refile FAFSA

FAFSA data determines eligibility and need level for federal aid

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STAFFORD LOAN MASTER PROMISSORY NOTE(Subsidized and Unsubsidized loans)

a) Access: https://studentloans.gov

b) “Sign in” using your FAFSA PIN

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c) Choose “Complete Master Promissory Note”

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d) Choose “Subsidized/Unsubsidized” for loan type

e) Verify the name on your MPN matches your SS card, then electronically sign and you’re finished!

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GRADUATE PLUS LOAN MASTER PROMISSORY NOTE: (Covers remainder of your budget minus all other aid)

Refer to Stafford Loan screenshots a, b, and c to get to the PLUS MPN

a) Access: https://studentloans.gov

b) “Sign in” using your FAFSA PIN

c) Choose “Complete Master Promissory Note”

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GRADUATE PLUS LOAN MASTER PROMISSORY NOTE: (Covers remainder of your budget minus all other aid)

d) Select loan type “Graduate PLUS”

e) Verify the name on your MPN matches your SS card!Review and electronically sign

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Verify name on your Social Security (SS) card is exactly the same as FAFSA PIN, MPNs and Admissions Records

Name changes must be documented with the SSA and reflected on SS card before using a new name on any documentation

Never change or exchange initials or middle name – use exactly as written on SS card

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Any name written differently than Social Security card will cause rejects and delays: If FAFSA PIN doesn’t match Social Security Card:

FAFSA will reject; loan origination is delayed Master Promissory Note (MPN) will reject; refund check will

be delayed

Funding will not post to your student account if name on school records doesn’t match FAFSA PIN

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Update the Social Security Administration with new name: Submit application and supporting documentation of name change to:

SOCIAL SECURITY OFFICE (59th Ave/Bell)5907 W KINGS AVEGLENDALE, AZ 85306 800-772-1213

AFTER SSA UPDATES YOUR NEW NAME: Deactivate old PIN (answer challenge question wrong 3 times) Reapply for new PIN Wait 3 days, then update FAFSA with new name

Complete new MPN applications with new name exactly as indicated on SS card

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Online Payments Most efficient Immediate posting to Student Account

Paper Checks Least efficient Takes four business days to processAccount “hold” stays in place until paper

check has been processed

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Return of Excess Funding (new process)1) Student requests a loan return 2) Student must bring in a check for full amount

of return request3) On 2nd request, student must set appointment

to speak with FAA to work a budget 4) FAA processes check back to lender

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Access www.midwestern.edu Type “Financial Aid” in search engine Scroll down to menu box for display choices:

Cost of Attendance BudgetsLoans Scholarships

Type “Accounts Receivable” in search engineRefund Dates – GlendaleTuition Due DatesFrequently Asked Questions

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Only one MPN is required for Stafford LoansOnly one MPN is required for PLUS Loans

EXCEPTION: A new MPN is required each year for cosigned loans.

Never use nicknames on legal documentsAlways use name exactly as written on SS card Track and monitor your loans at our Alumni

website www.midwestern.edu/x749.xml

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Tom Billard Director 572-3321

Karen Owens Assistant Director 572-3228

FA Advisors Student’s Last Name

Lesa Stanford FA Advisor A thru E 572-3322

Lisa Veliz FA Advisor F thru K 572-3879

Tammy Schmidt FA Advisor L thru P 572-3461

Stacia McBride FA Advisor Q thru Z 572-3246

SFS Administrative AssistantCarol Davy SFS Administrative Assistant 572-3321

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Tom Billard Director 572-3321

Karen Owens Assistant Director 572-3228

Accounts Receivable Staff

Terri Pauletich Accounts Receivable Senior Coordinator 572-3267

Craig Lang Accounts Receivable Representative 572-3324

JoAnna Svoboda Accounts Receivable Representative 572-3782

SFS Administrative Assistant

Carol Davy SFS Administrative Assistant 572-3321

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Location: Barrel III Student Center

Office Hours: (8:00 a.m. - 4:30 p.m., M-F)

Phone: (623) 572-3321 Fax: (623) 572-3283

Financial Aid: azfinaid@midwestern.edu

Accounts Receivable: azar@midwestern.edu