Financial Aid Office of Student Financial Aid Simmons Hall
330-972-7032 Rev 11/2014
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Financial Aid Financial aid is various forms of funds available
to help pay for students post secondary education 2
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Apply to The University of Akron for scholarship consideration
Complete the Admission Application online at www.uakron.edu/apply
www.uakron.edu/apply $ 45.00 application fee High school transcript
ACT or SAT test score results 3
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SCHOLARSHIPS Majority are merit-based The office of Student
Financial Aid awards 3 general scholarships ranging from
$7,500-$1,000. We begin awarding our general scholarships in
December and complete awarding these by March 15th. Scholarships
are awarded based on the highest combination of High School GPA and
Standardized Test scores Scholarships are renewable for 8 semesters
of fulltime enrollment New test scores and transcripts must be
received in the Admissions Office by March 1 to be considered for
potential scholarship increases 4
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Renewal Scholarships Scholarship for Excellence $4,500-$7,500
College GPA minimum: 3.25 Presidential Scholarship $3,000-$4,000
College GPA minimum: 3.00 Student Success Scholarship $1,000-$2,500
College GPA minimum: 2.75 5
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SCHOLARSHIPS Honors College -Students admitted to the Honors
College may receive a scholarship - Early Application - November
1st Contact the Honors College for updates. Honors College will
notify student recipients. 6
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Scholarships Choose Ohio First Scholarship Program - STEM
Scholarship Science Technology Engineering and Mathematics and
medicine (or math/science education) Awarded through the Office of
Student Success Apply at:
www.uachooseohiofirst.comwww.uachooseohiofirst.com Application
deadline: March 1st 7
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Underrepresented Students Scholarship applications are
available for entering freshmen who have been traditionally
underrepresented. Consideration will also be given to students from
urban areas and Appalachian counties. High school GPA 3.0 ACT 21 or
Combined critical reading & math SAT 950 Apply at:
www.uakron.edu/finaidwww.uakron.edu/finaid 8
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Apply early Submit admissions application and ACT/SAT scores no
later than March 1 st. Scholarships are awarded based on a
combination of GPA (grade point average) and ACT/SAT scores 9
State of Ohio Student Aid - Other Ohio Board of Regents
programs - Ohio War Orphans Scholarship - Ohio Safety Officers
College Memorial Fund - Robert C. Byrd Honors Scholarship Board of
Regents www.ohiohighered.org 11
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Foster Care - ETV Ohio Education Training Voucher Foster Care
to Success program offers funds to foster youth to enable them to
attend colleges and universities Application available July 1st
www.fc2sprograms.org/ohio www. Click Ohio on the map to obtain
information 12
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Cost of Attendance Direct costs: tuition, room & board,
meal plan & books Indirect costs: Personal items,
transportation costs Direct & indirect costs combined into cost
of attendance 13
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How financial aid is determined Cost of attendance -Expected
Family Contribution _______________________ Financial Need 14
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EFC Colleges use the EFC to award Federal Financial Aid Must
complete the FAFSA every year that your son/daughter is in college
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FAFSA.GOV
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Available January 1, 2015 Aid year 2015-2016 Obtain a PIN (your
electronic legal signature) at www.pin.ed.gov Request a PIN for
student and parent Complete the Free Application for Federal
Student Aid (FAFSA) at www.fafsa.gov 17
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PIN A personal identification number called a Federal Student
Aid PIN will help you get through the FAFSA process more quickly.
Ready to apply for a PIN? Visit www.pin.ed.gov.www.pin.ed.gov Your
Federal Student Aid PIN is the personal identification number you
use when you visit certain U.S. Department of Education websites.
When you type in your PIN at these sites, you are saying either
Yes, its really meplease show me the personal information about me
on this site or Please accept my PIN as my signature on this online
form 18
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Avoid Common Errors Incorrect Social Security Number Failing to
use your legal name Wrong federal tax paid Decimal points Income
from working versus adjusted gross income 19
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IRS DATA RETRIEVAL TOOL (DRT) Available 2 weeks after filing
electronic tax return The IRS DRT process is enhanced to more
effectively encourage users to link to and transfer data from the
IRS More applications will have more accurate data, which will
contribute to increased accuracy in awarding aid 20
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FAFSA Highlights Dependent students FAFSA must include income
and other information about both of the students legal parents
(biological or adoptive) if the parents are living together,
regardless of the parents marital status or gender. 24
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Gender 25 To be eligible for federal student aid, male citizens
and male immigrants residing in the U.S. aged 18 25 are required to
register with the Selective Service System. This requirement
applied to any person assigned the sex of male at birth. The
Selective Service System and the registration requirement for males
preserve Americas ability to provide resources in an emergency to
the United States Armed Forces (Army, Navy, Air Force, Marines, or
Coast Guard) Website: www.sss.gov
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Student Aid Report (SAR) print and keep a copy for your records
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Verification If the school needs more information from you,
they should be requesting it by US Mail or email If student applied
for aid and have not heard from the school in 3-4 weeks CALL THEM
Review your information for accuracy 27
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FAFSA INCOME VERIFICATION All applicants are reviewed for
Adjusted gross income (AGI) Taxes paid Household size Number in
college Child support paidif amount indicated on ISIR Receiving
assistance Untaxed income 28
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March 2015 Federal and State Aid Award Notifications will be
mailed to New Freshmen Students 29
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Federal Aid based on EFC Grants Pell grant Supplemental
Educational Opportunity Grant Federal College Work-Study Provides
part-time employment enrolled in school 30
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Loans Student Loans Perkins Loan 5% Simple Interest Nursing
Loan 5% Simple Interest Direct Loans (Subsidized &
unsubsidized), currently 4.66% $ 3,500 $ 2,000 PLUS Parent Loan for
undergraduate students Fixed rate: 7.21% 31
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SPECIAL CIRCUMSTANCE Loss of income CONTACT THE SCHOOL
FINANCIAL AID OFFICE FOR ASSISTANCE 32
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Other payment options If you do not have enough money through
financial aid to pay your bill in full, available to you is our
Installment Payment Plan (IPP) Link IPP online through your My
Akron account 33
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www.ohiocollegegoalsunday.org 34
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Federal Student Aid ID Issue: The FSA ID (username and
password) will replace PIN for students, parents and borrowers
accessing FSA systems starting approximately April 25, 2015.
Solution: FAFSA on the Web will be updated to require users to
authenticate with the FSA ID rather than the PIN. 35
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Books Be financially prepared to purchase books 36
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FAFSA Check the status of your FAFSA or just have questions?
Call the U.S. Department of Education at 1-800-433-3243
(1-800-4-FED-AID) 37
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Office of Student Financial Aid Phone: 330-972-7032
www.uakron.edu/finaid 38