Presentation on theme: "Financial Aid Preview Days Fall 2014 209.946.2421 "— Presentation transcript:
Financial Aid Preview Days Fall
Net Price Calculator Using the net price calculator, your information will generate an estimate of the financial aid package awarded to students with similar characteristics.
Financial Aid at Pacific Total Aid: >$160 million (Stockton campus, ) Includes over $60 million in University funds More than 85% of our students receive financial aid Financial aid includes Scholarships and grants Loans Work-study
Academic Scholarships/Freshmen Powell Scholars Program $35,000 Additional support for undergraduate research, study abroad Application deadline: December 1 go.Pacific.edu/PowellScholars Regents’ Scholarship $10, President’s Scholarship $6, Provost’s Scholarship $4,
Need-Based Grants & Scholarships Federal Pell Grant Federal SEOG Cal Grant A / Cal Grant B (California residents) University Grants/ UOP Grants
Federal Student Loans & Work-Study Federal student loans Low interest rates and flexible 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
Financial Eligibility Estimated academic year Costs of Attendance Tuition and other actual and estimated costs Net Price Calculator 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—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
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 (FAFSA on the Web) No charge to file!
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 First day to file (online or paper): January 1, 2015 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.
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
Application Checklist: Now Apply for admission Get PINs: Cal Grant GPA Verification Mail completed form or confirm that school will submit GPA Utilize the University of the Pacific Net Price Calculator to estimate potential award package.
Application Checklist: January File FAFSA Pacific’s school code: Priority FAFSA filing date: February 15 Apply on time—don’t wait for an admission decision Use estimated 2014 income figures if necessary Reminder: Submit Cal Grant GPA by March 2
After you apply... Federal Student Aid Report (SAR) Check carefully against completed 2014 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 isn’t blocked add FederalStudentAid to address book
2014 Income Documentation U.S. Federal Tax Transcript 2014 Federal Tax Return Transcript Include W-2 forms Send copies to Pacific Financial Aid Office **The FAFSA also offers “data retrieval” Non-filer’s Statement Submit this form if you will not file a 2014 income tax return Not part of initial application process but required for disbursement MATERIALS NOT RECEIVED BY 7/01/2015 MAY CAUSE A DELAY IN DISBURSEMENT
To contact us... Financial Aid Office Knoles Hall Open Monday–Friday, 8:30–5:00 Counselors available (except Wednesday mornings) 9:30–12:00 and 1:00–4: