1. Financing Your Post-Graduate College Education
Office of Scholarships & Financial Aid

2. Funding Your Education
FAFSA still open
FAFSA opens Oct 1

3. Understanding Financial Aid: Expected Cost of Attendance (COA)
COA = Direct Costs + Indirect Costs
Direct Costs:
-- Tuition
-- Fees
-- Housing/Meals
-- Books
Indirect Costs:
-- Transportation
-- Personal

4. Sample Award Letter – page 1

5. Sample Award Letter – page 2
Awards are split into Fall/Spring only
Summer is a separate application
- explain basics of summer funding
Annual loan limit is $20,500 unsub

6. Sample Award Letter – page 3

7. Federal Funding for Graduate Students
Direct Unsubsidized Loan
% interest rate
-- Interest accrues while in school
-- Automatic eligibility
-- Capped at $20,500 per academic year (Fall/Spring)
Direct Grad PLUS Loan
% interest rate
-- Credit-based
-- Apply online:
-- Academic year cap based on institutional Cost of Attendance (COA)
Grad PLUS – if not approved, students can seek an endorser

8. Private Loans Fixed vs. variable rates Typically no origination fees
Interest accrues while in school
Things to ask the lender:
-- Repayment options -- Availability of forgiveness programs
-- Refinance options
-- Consolidation of multiple loans

9. Interest Accrual

10. Aid Adjustments 14-day Loan Return Form
Cost of Attendance Appeal Form
Need more in the fall semester than the spring? In many cases uneven splits between the fall and spring semesters can be arranged. Be sure leave enough for both terms! (response time 3-5 business days)
To enroll in the payment plan, log in to your LOUIE account.  Under the Finances section, select “Enroll in a Payment Plan” from the dropdown menu. Tuition is split into four due dates: August 22nd, September 15th, October 15th, & November 15th (If you’ve been offered enough aid to pay your charges, be sure to accept it in LOUIE to avoid the payment plan fee!)

11. Scholarship Applications
NAU Foundation: Application deadline 1/31/2017
Office of Scholarships and Financial Aid: Application deadline 3/1/2017
NAU departmental scholarships,
NAU Graduate College/Graduate Student Government Scholarships:

12. External Scholarship Search Engines
Remember: Scholarship applications are FREE! Steer clear of any site that asks you for money to apply.

13. Disbursement and refunds
Financial aid disbursed on August 20 and will continue on a regular schedule.
Refunds are issued after all charges are paid in LOUIE by Student and Departmental Account Services.
Reminder to sign up for direct deposit.

14. Understanding Your Aid: Student Responsibility
Satisfactory Academic Progress
-- Pace of progress
minimum 67% course completion
-- Cumulative GPA
2.0 undergraduate
3.0 graduate
-- Maximum Timeframe
150% of credits required to earn the degree
Max timeframe – looks at all attempted hours in graduate career, not just in current graduate program

15. Understanding Your Aid: Student Responsibility

16. Contact Information
NAU Office of Scholarships and Financial Aid
Gammage Building 1, room 209 Flagstaff, AZ 86011
Toll Free: