Presentation on theme: "Welcome Applicants! Midwestern University-Glendale Financing Your Health Professions Education Osteopathic Medicine Presented by: Tammy Schmidt Lisa Veliz."— Presentation transcript:
Welcome Applicants! Midwestern University-Glendale Financing Your Health Professions Education Osteopathic Medicine Presented by: Tammy Schmidt Lisa Veliz Lesa Stanford Stacia McBride
HOW MUCH WILL IT COST TO ATTEND MWU? Average Annual Costs (10-Month Budget) Figures based on 2010-11 Academic Year $70,703 for students living with parents $74,442 for students living on campus $78,857 for students living off campus Cost of Attendance increases 5% to 7% annually.
COST OF ATTENDANCE Includes educationally related expenses for the student only, such as: Tuition, Books & Supplies Insurance Rent & transportation Personal Expenses Cost of Attendance does not include: Car payments, Credit Card payments Moving expenses Higher-than-average rent or mortgage 1 Dependent Care Expenses (Exception: 1 Daycare expenses for single students or married students with working spouses)
International Packet is mandatory for: F-1, J-1 or "Unknown" statuses. 2011-12 APPLICANTS BIOMEDICAL SCIENCES - MA$ 60,000 OPTOMETRY$232,000 VISA REQUIREMENTS: TOTAL PROGRAM COST IS REQUIRED TO BE DEPOSITED IN A U.S. BANK BANK MUST RESIDE INSIDE THE U.S. PHYSICAL THERAPY$177,000 CLINICAL PSYCHOLOGY$250,000 DO - MEDICAL$330,000 PODIATRIC MEDICINE$242,000 PHARMACY$219,000 PHYSICIAN ASSISTANT$149,000 NURSE ANESTHESIA$141,500 OCCUPATIONALTHERAPY$143,500 CARDIOVASCULAR SCIENCE$116,000 DENTAL MEDICINE$379,000 TOTAL PROGRAM COST
ELIGIBILITY Federal U.S. Citizen, Eligible Noncitizen Selective Service Registration No Unresolved Drug Convictions Not in Default Credit Check: Federal GradPLUS Private Bankruptcy Other Adverse Credit
TYPES OF AID SCHOLARSHIPS FEDERAL WORK-STUDY FEDERAL WORK-STUDYLOANS
Professional Student Exchange Program $19,400 Support Fee for the 2010- 2011 AY For residents of selected Western States only: Arizona, Montana, New Mexico, Washington, Wyoming http://www.wiche.edu/psephttp://www.wiche.edu/p Western Interstate Commission for Higher Education (WICHE)
SCHOLARSHIPS Competitive, Service Commitment Required Stipends are included in Financial Aid package Air Force Health Professions Scholarship –Full tuition, fees, and monthly stipend of $2,060 –Contact a local recruiter (480) 226-2121 or (480) 226-2113 US Navy Health Professions Scholarship –Full tuition, fees, and monthly stipend of $2,060 –Contact a local recruiter (602) 254-3347 US Army Health Professions Scholarship –Full tuition, fees, and monthly stipend of $2,060 –Contact recruiter (602) 253-0371 or (602) 253-0371
SCHOLARSHIPS Competitive, Service Commitment Required Stipends are included in Financial Aid package Tuition Assistance Program-Army National Guard –$4,500 Tuition assistance –$2,060 Monthly Stipend Pay –Medical Insurance at a reduced rate –Loan Repayment and Bonus incentive upon graduation –Contact a recruiter (602) 629-4655 or (571) 265-3867 National Health Service Corp –Full tuition, fees, and monthly stipend of $1,326 –http://nhsc.hrsa.gov/scholarshiphttp://nhsc.hrsa.gov/scholarship –Contact NHSC at 1-800-221-9393
INSTITUTIONAL AID MWU’s Spirit of Service Scholarship –Need-based aid –$3500 to $5,000 –Continuing students only Apply early For additional scholarship listings and searches, visit: http://www.midwestern.edu/finaid
FEDERAL WORK-STUDY On-Campus Community Service (on or off campus) $1,000 per year $9.00/hr on-campus $11.00/hr Community Service Indicate Work-Study interest on FAFSA
FEDERAL LOANS PERKINS (subsidized loan) –Based on eligibility of neediest students –Amounts vary from $2,500 to $3500 –Apply before priority deadline STAFFORD: (subsidized/unsubsidized loan) –Automatically awarded with FAFSA application –Annual limit $42,722 –Aggregate limit $224,000 GRAD PLUS: (Credit-based loan) –Covers the remainder up to cost of attendance.
PRIVATE LOANS –Variable interest rates –Repayment grace period –No cap on interest rate –Limited number of private lenders –May require co-signer –Credit check is required for consideration of both GradPLUS and private loan programs Review credit report annually www.annualcreditreport.com www.annualcreditreport.com **See Comparison Chart for Federal Grad PLUS and Private Loans
APPLICATION PROCESS Apply for financial aid online as soon as matriculation deposit is made Financial Aid tab available via MWU NET (full online application instructions) Living expense refunds disbursed during week after class begins Please come prepared with one month’s living expenses! Check your MWU e-mail and Message Board for Notifications * Priority Deadline (Early April)
CONTACT US Office Hours: Monday-Friday 8:00 to 4:30 Phone- (623) 572-3321 Fax- (623) 572-3283 Federal School Code – E00906 firstname.lastname@example.org