Financial Aid Office Presents: Financing Your Education Information is based on Tuition and fees

What We’ll Discuss Today Cost of education Resources to help meet the cost Types, sources, and amounts of aid available Process of applying for financial aid Your financial responsibility Tips and helpful hints Questions and answers

Cost of Education (Direct Costs vs. Indirect Costs) Direct costs –Tuition$23,000* –Room/board (on-campus)$11,200** $34,200 Indirect costs –Room/board (off-campus)N/A –Transportation$1,100 –Miscellaneous/personal expenses$4,300 –Books$1,000 $6,400 * Students are also charged $ for UPASS and may occur an additional $2,002 for health insurance if they can not provide evidence that they are covered by another policy. **The R&B figure is an estimation only and is based on the mean R/B calculated by using the lowest and the highest priced rooms available for the given year. Please refer to your signed contract and your Student Account bill.

Resources to Help Meet the Cost FAMILY FIRST! Financial Aid Other Sources –Private scholarships –Private loans –Tuition reimbursement

Types of Financial Aid Grants –Federal, State, & Institutional Scholarships –Institutional & Private Federal Work-Study Loans –Federal & Private

Grants Federal: Pell Grant –Maximum Pell grant for is $5,550 Supplemental Educational Opportunity Grant (SEOG) –Maximum SEOG for is $1,000 State: Monetary Award Program (MAP) –Documentation of IL residency required –Maximum award for is $4,968 although most students receive $3,974 Institutional: –Roosevelt University offers generous need-based grants to full-time students

Scholarships Institutional: All Roosevelt University applicants are evaluated for scholarship eligibility through the admission process No separate application required In most cases…notification will precede the official financial aid “package” Private: Do your research Check eligibility requirements Check application deadlines Apply early Beware of scholarship search scams

Federal Work Study (FWS) Need-based employment program providing on-campus jobs to undergraduate & graduate students Minimum half-time enrollment required The maximum FWS award is $3,500 for academic year Pay rate for is $8.25 per hour

Student Loans Federal Direct Subsidized Student Loan Federal Direct Unsubsidized Student Loan Federal Direct Parent Loan (PLUS) Private Loans

General Eligibility Requirements Must be a U.S. citizen or eligible non- citizen Must be enrolled in a degree granting program Must complete a FAFSA yearly Must be enrolled at least half-time to receive most state and federal financial aid awards Must be enrolled full-time to receive ANY Roosevelt merit and need-based aid Must maintain satisfactory academic progress to keep aid!

How To Apply? Apply for a FAFSA PIN at –Parent may need a PIN too Complete the FAFSA online at –Apply on or after Jan.1 but as early as possible to meet all deadlines –Must use tax return information from prior year –Must list RU (our school code is ) –Need help? Use “Live Help” icon or call FED-AID or CALL US! –Don’t forget to print confirmation page

RU Financial Aid Packaging Principles/Assumptions You will borrow full subsidized Stafford loan You will work in FWS Aid package based on enrollment and housing plans as specified on FAFSA (all RU funds are based on Full-Time enrollment) You will bring funds from your own resources each term to cover books/supplies You will make satisfactory arrangements to cover balance after aid

Quick Internet References Roosevelt University – Free Application for Federal Student Aid – Student Guide – Illinois Student Aid Commission – Fast Web – Scholarship Site –

QUESTIONS???? Call us at