1. FINANCE YOUR FUTURE

2. Types of Financial Aid GIFT AID Scholarships Grants SELF-HELP AID Work-study Loans

3. Scholarshipsand Grants Institutional, State, Federal, or Private funds Awarded based on financial need, academic merit, and other factors Typically do not have to be repaid

4. Work-study Institutional, State, or Federal funds Awarded based on financial need Earn money by working in an office/department on campus Earn at least minimum wage Receive a paycheck at least on a monthly basis

5. Loans Private, State, or Federal funds STUDENT Federal funds not based on credit worthiness Maximum loan amount based on student’s year in school and other factors PARENT Federal funds are based on credit worthiness Can borrow up to the cost of attendance, less any other financial aid If denied due to adverse credit, the student can borrow additional student loan funds (federal)

6. Applying for Financial Aid Free Application for Federal Student Aid (FAFSA) CSS/Financial Aid PROFILE (Non-Federal aid) State application Institutional application Outside scholarship websites

7. FAFSA FREE Available to US citizens and eligible non-citizens File by the earliest deadline of the schools you are applying to Available January 1, 2016 for current seniors Available October 1, 2016 for current juniors and beyond https://fafsa.ed.gov/

8. CSS/Financial Aid PROFILE $25 for initial application and one college or program Additional reports are $16 each Available October 1 each year https://student.collegeboard.org/css-financial-aid-profile

9. Warning Signs of a Scholarship Scam  Application fees  Claiming to apply on your behalf  Requests for personal information (bank account numbers, credit card numbers, etc)

10. Financial Aid Packaging Student submits FAFSA and other applications Student and school receive a summary of information submitted on the FAFSA, including an Expected Family Contribution (EFC) School uses the EFC to create the student’s financial aid package

11. Financial Aid Formulas Cost of Attendance - EFC Eligibility for Need-Based Aid Cost of Attendance - Financial Aid Awarded (so far) Eligibility for Non-Need-Based Aid

12. Cost of Attendance $ Tuition and fees $ Housing and meals (On or Off-Campus) $ Books and supplies $ Transportation $ Miscellaneous/personal expenses

13. DIRECT COSTS Tuition and fees Housing and meals (if living ON campus) Transportation (university parking permit, etc) INDIRECT COSTS Housing and meals (if living OFF campus) Books and supplies Transportation Miscellaneous/personal expenses

14. Manage Cost of Attendance On-Campus: Consider shared space w/community bath Off-Campus: Consider having one or more roommates Housing and meals Rent textbooks, buy used textbooks, or buy e-books Check the libraries for course-related books Share books with friends Books and supplies Research student parking prices/options ahead of time Plan ahead for trips home Transportation Take advantage of student discounts Miscellaneous/personal expenses

15. Maintain Eligibility and Reapply State and Federal Scholarships/Grants /Loans University Scholarships/Grants Private Scholarships Maintain Satisfactory Academic Progress XXX Submit FAFSA XX Submit continuing student scholarship application X

16. KEEP IN MIND… Most financial aid packages are based on full-time enrollment Most awards require students to be enrolled at least half-time in order to receive them Communicate any special circumstances to the financial aid office Dropping below half-time enrollment triggers the start of your six- month grace period on student loans Borrow only what you need in loans. There are few ways to discharge them.

17. QUESTIONS

18. CONTACT INFORMATION EVELYN WINGARD The University of Texas at Austin Dallas Admissions Center 214 – 526 – 2386 Email: evelyn.wingard@austin.utexas.edu