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Financial Aid Preview Days Fall 2012 209.946.2421 

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Presentation on theme: "Financial Aid Preview Days Fall 2012 209.946.2421 "— Presentation transcript:

1 Financial Aid Preview Days Fall 2012 209.946.2421 

2 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.

3 Financial Aid at Pacific  Total Aid: >$150 million (Stockton campus, 2011-2012)  Includes over $50 million in University funds  More than 80% of our students receive financial aid  Financial aid includes  Scholarships and grants  Loans  Work-study

4 Academic Scholarships/Freshmen  Powell Scholars Program $15,000  Additional support for undergraduate research, study abroad  Application deadline: December 1  Regents’ Scholarship $10,000  President’s Scholarship $6,500

5 Need-Based Grants & Scholarships  Federal Pell Grant  Federal SEOG  Cal Grant A / Cal Grant B (California residents)  Pacific matches Cal Grants, provided that the student qualifies financially and the combined awards are not in excess of the student’s actual tuition charges.  University awards

6 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

7 Federal Student Loans & Work-Study  Federal student loans  Low interest rates and generous 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

8 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!

9 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

10 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!

11 FAFSA (continued)  FAFSA on the Web Worksheet  Use worksheet to collect information, then file electronically  Worksheet cannot be submitted for processing  2013-2014 worksheets will be available online and at high schools and colleges throughout the U.S.

12 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, 2013 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.

13 Application Checklist: Now  Apply for admission  Get PINs:  Cal Grant GPA Verification  Mail completed form or confirm that school will submit GPA  2013-2014 FAFSA Worksheet Estimate eligibility for federal aid: FAFSA4caster Scholarship search:,,

14 Application Checklist: January  File 2013-2014 FAFSA  Pacific’s school code: 001329  Priority FAFSA filing date: February 15  Apply on time—don’t wait for an admission decision  Use estimated 2012 income figures if necessary Reminder: Submit Cal Grant GPA by March 2

15 After you apply...  Federal Student Aid Report (SAR)  Check carefully against completed 2012 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 email isn’t blocked add FederalStudentAid to address book

16 2012 Income Documentation  U.S. income tax returns  Complete, signed copies of parent and student 2012 tax returns  All schedules and attachments, including W-2 forms  Send copies to Pacific Financial Aid Office Non-filer’s Statement  Submit this form if you will not file a 2012 income tax return Not part of initial application process but required for disbursement

17 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 1:00–4:00 209.946.2421

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