Presentation on theme: "Seattle University Coaches Compliance Meeting October 1, 2008."— Presentation transcript:
Seattle University Coaches Compliance Meeting October 1, 2008
Agenda Financial Aid - Rebecca Wonderly Meals Tryouts
Financial Aid REBECCA WONDERLY Associate Director Student Financial Services
Financial Aid Estimate Worksheet
About the ESTIMATE Worksheet Important Top-of-Form Disclaimer Please keep in mind that the accuracy of the estimate is dependent on the information you provide below. If the information you include on your Free Application for Federal Student Aid (FAFSA) is significantly different from your estimates below, the actual financial aid for which you’re eligible may be significantly different from that based on this estimate.
The ESTIMATE Estimated Cost of Attendance $44,000 Estimated Tuition $30,000 Estimated Books $ 1,500 Estimated Room & Board $ 8,500 Estimated Personal Expenses $ 2,500 Estimated Transportation Expenses $ 1,500 - Estimated Expected Family Contribution $* = Estimated Need $ Estimated Total Gift Aid (Combined Merit & Need-Based) $ + Estimated Work Opportunity $ + Estimated Loans $ = Total Estimated Funding** $ Total Estimated Unmet Need $ *As calculated from the information provided by the student and his or her family on their estimate worksheet. Differences between the information provided on the worksheet and the information provided on the student’s FAFSA may result in a different Expected Family Contribution (EFC) which, in turn, may result in a difference in the kinds and amounts of aid awarded to the student. The difference may be small or quite significant … depending on the size and kind of differences between the worksheet and the FAFSA. **This amount does not include any Athletic Grant-in-Aid that may be awarded … which, depending on its amount, can, in turn, cause the amounts of estimated aid shown above to change. However, a Quarter Tuition Athletic Scholarship replaces institutional gift aid dollar-for-dollar. For instance, if the above estimate says that the student is eligible for $9,000 in gift aid, if the student is awarded a Quarter Tuition Athletic Scholarship of $7,065 (the amount), there would be no increase in that student’s institutional gift aid. He or she would still receive $9,000, but rather than it all being an SU Grant, it would be a Quarter Tuition Athletic Scholarship of $7,065 and an SU Grant of $1,935 … for total gift aid of $9,000.
ESTIMATED Cost of Attendance ESTIMATED Cost of Attendance $44,000 ESTIMATED Tuition$30,000 ESTIMATED Books & Supplies$ 1,500 ESTIMATED Room & Board$ 8,500 ESTIMATED Personal Expenses$ 2,500 ESTIMATED Transportation$ 1,500
About ESTIMATED Cost of Attendance Based on current year ( ) ESTIMATED costs Books for financial aid purposes are different than books for NCAA purposes “Full Ride” is tuition, books, room and board “Full Cost” is a full ride plus transportation and miscellaneous personal expenses.
What Athletic Funding DOESN’T Cover $95 Matriculation Fee $50 Orientation Fee (new undergrads) $656 Domestic Student Health Insurance (mandatory but may be waived if the student has comparable coverage) Other, miscellaneous fees (lab fees, for instance)
ESTIMATED Family Contribution ESTIMATED Family Contribution* *As calculated from the information provided by the student and his or her family on their estimate worksheet. Differences between the information provided on the worksheet and the information provided on the student’s FAFSA may result in a different Expected Family Contribution (EFC) which, in turn, may result in a difference in the kinds and amounts of aid awarded to the student. The difference may be small or quite significant … depending on the size and kind of differences between the worksheet and the FAFSA.
ESTIMATED Need and Aid ESTIMATED Cost of Attendance - ESTIMATED Family Contribution = ESTIMATED Need ESTIMATED Total Gift Aid** (Combined Merit & Need-Based) + ESTIMATED Work Opportunity __________+ ESTIMATED Loans__________ = Total ESTIMATED Funding
Admissions awards Merit Scholarships … and why we don’t attempt to estimate which students will receive these awards Ratings of 0-9 are assigned by the Admissions Office based on a holistic reading (GPA, test scores, leadership, service to community, goals, etc.) of a student’s application for admission Based on their reading, the Admissions Office determines which students will receive merit scholarships Students with a 4.0 and stellar test scores may not receive merit scholarships while students with lower GPA’s and test scores receive them based on their more well-rounded experience (leadership, service to community, etc.) Not all students rated 9 will get a merit scholarship It’s possible that a student rated 6 will receive a merit scholarship while another student, rated 9, will not.
SFS Awards Gift Aid Student Financial Services estimates are for the amount of gift aid a student is eligible to receive based on their Admissions Office rating of 0-9. No attempt is made to determine if the student will receive a merit scholarship from the Admissions Office. We base the estimates on an Admissions Office rating of 6 While not inadmissible, even with a rating of zero (0), few students are admitted with a rating of less than 6.
A Merit Scholarship’s Impact on Gift Aid If the results from a student’s FAFSA match those from his or her estimate, and the student receives a merit scholarship, that scholarship counts toward that student’s gift aid total. So, the student’s gift aid may turn out to be more than was shown on the estimate, but, the merit scholarships is not added to the gift aid on the estimate. For instance, if for , the “Estimated Total Gift Aid” on the student’s estimate was $8,500, their FAFSA results matched their estimate, and they received a $11,000 Campion Scholarship, they received $11,000 in gift aid, rather than the $8,500 shown on their estimate … but did not receive $19,500 ($11,000 + $8,500).
ESTIMATED Gift Aid **This amount DOES NOT include any Athletic Grant-in- Aid that may be awarded … which, depending on its amount, can, in turn, cause the amounts of estimated aid shown above to change. However, it DOES include any Quarter Tuition Athletic Scholarship that may be awarded. The QTA replaces institutional gift aid dollar-for-dollar. For instance, if the above estimate says that the student is eligible for $9,000 in gift aid, and the student is awarded a Quarter Tuition Athletic Scholarship of $7,065 (the amount), there would be no increase in that student’s institutional gift aid. He or she would still receive $9,000, but rather than it all being an SU Grant, it would be a Quarter Tuition Athletic Scholarship of $7,065 and an SU Grant of $1,935 … for total gift aid of $9,000.
Transfer Academic Scholarships Transfer Trustee$16,000 Transfer Loyola$14,000 Washington Articulation $11,000* * The Washington Articulation Scholarship is automatically awarded to transfer students who 1. Enter SU directly after completing their associate’s degree at a Washington State community college and 2. Have a cumulative grade point average of 3.5 or greater at the time of admission and maintain that GPA through completion of their associate's degree. Transfer students admitted through the Culture Language and Bridge program are not eligible to receive the Washington Articulation Scholarship. The award is for two years.
Total ESTIMATED Unmet Need This is the amount you can award in athletic funding without changing any of the student’s other estimated aid. If you want to award more than this amount, you might want to check with Student Financial Services (me) to see how that addition will impact the student’s aid. We’ll always reduce loans first, then work, reducing gift aid only when we have no other option With the exception of the Quarter Tuition Athletic Scholarship which replaces non-merit/academic SU scholarships dollar-for-dollar
Occasional Meals Infrequent and Special Occasions Ex: Birthdays Student-Athlete or Entire Team
Occasional Meals Parent of a student-athlete. At any location. Institutional staff member. Any location in the locale of the institution. May provide reasonable local transportation to attend. Representative of athletics interests. Only in an individual’s home (Doesn’t have to be the representative’s home). May provide reasonable local transportation only if the meal is in the home of the representative of athletics interests.
Meals in Conjunction with Home and Away-From-Home Contests Proposal No Meals Incidental To Participation – Home and Away-From-Home Competition – Discretionary Meals. Expands time for providing discretionary meals for home contests. Allows discretionary meals in lieu of regular meals or meal allowances for away-from- home contests. Effective August 1,
Meals in Conjunction with Home and Away-From-Home Contests Proposal No Meals Incidental To Participation – Meals Following Home and Away-From-Home Competition – Meal or $15. Increases the amount of cash that may be provided in lieu of a postgame meal to $15. Applies to all home contests. Applies to away-from-home contests if the institution has decided to provide regular meals (or meal allowances) instead of discretionary meals. Effective August 1,
Meals in Conjunction with Home Contests Institution may provide meals at its discretion. Begins with the evening before competition. Ends upon release by institutional personnel. Institution cannot provide cash in lieu of meals during this period. Institution may provide a meal or up to $15 cash after home contests. Institution may provide a meal or cash, but not both. 24
Meals in Conjunction with Away-From-Home Contests Institution has two options. Option 1. Student-athletes are permitted to receive a pregame or postgame meal as a benefit incidental to participation in addition to regular meals (or meal allowances per Bylaw ). Instead of a postgame meal, an institution may provide up to $10 cash. Option 2. Provide meals at institution’s discretion from the time the team is required to report on call for team travel until the team returns to campus. Institution cannot provide cash in lieu of meals. 25
Snack Before Competition Student-athletes may receive a snack the night before a contest. Considered a benefit incidental to athletics participation. Applies to home and away contests. 26
Student-athlete who is “trying out” does not have to sign NCAA drug- testing consent until 14 days after 1st practice or before 1 st competition, whichever is earlier. Student-athletes who are on the team still must sign it before practice.