Soar Weekend Office of Student Financial Services Kenneth Nieman Director
Admission Filing of the Free Application for Federal Student Aid (FAFSA) Thank You Letter when FAFSA is received Completion of Verification if selected Verification Worksheet available to download at Financial Aid Award Letter Initial award letters are being mailed AU
Award notifications to come from State Student Assistance Commission of Indiana (SSACI) in July Make sure Anderson University is listed as college choice. If not, make change on the web at Our awards are estimates until state budget and awards are finalized Will receive from SSACI when students can view state awards on-line AU
Inform Student Financial Services (SFS) of: Amount of scholarship Name of scholarship and the provider Payee (ie. AU; student; joint) SFS will add scholarship to student’s award Revised award letter with necessary changes will be mailed to student Scholarship checks should be sent directly to 1100 East Fifth St. address (not to Lockbox address) AU
If not listed on award letter or if interested in the program contact Mrs. Patty Rogers at SFS will be notified of church scholarship and match Revised award letter will be mailed to student March 1 st is deadline to guarantee matching funds but may still have funds available AU
Subsidized vs Unsubsidized Direct Loans We will assume you want to borrow the full amount of eligibility unless you tell us otherwise. If a lesser amount or no loan at all: “Request/Decline Federal Direct Loan” Loan fee of 1% Need to sign Master Promissory Note Complete Entrance Loan Counseling Both done at Will need assigned PIN number; same one used to file FAFSA. If lost or forgotten: AU
Tuition$25,400 Room 5,670 Meal Plan 3,190 Health Service Fee80 Total Direct Costs$34,340 Books – estimated 1,200 Personal – estimated 1,800 Travel – estimated 1,000 Total Cost of Education$38,340 AU
Also referred to as “Statement of Account” For Semester only – not entire year Semester I issued late June Semester II issued late November AU
Option 1: Payment in full to Anderson University – Semester I due July 25 and Semester II due December 23 Option 2: Payment plan through Tuition Management Systems (TMS) or month plan begins May 1, 2012 – April 1, month plan begins July 1, 2012 to April 1, 2013 $65 enrollment fee Exempts student account from interest/late fees if TMS payments cover the balance due AU
Option 3: Other financing Parent Direct PLUS Loan Private (non-federal) Student Loan Option 4: Combination of payment plan and PLUS Loan TMS will calculate optimal combination of Direct PLUS Loan and payment plan that equals the amount you feel you can afford monthly ( under Tuition Planning select “The Right Combination” AU
Fixed interest rate of 7.9% Loan fee 4% Monthly payments over 10 years with In- School Deferment available on request Amount parent can borrow is Cost of Education minus Financial Aid Parents must be “credit worthy” If PLUS Loan is denied, student can borrow additional $4,000 Unsubsidized Direct Loan. Contact SFS if this is the case. AU
We will not assume Parent wants to borrow PLUS Loan. To request Direct PLUS: Parents to sign Master Promissory Note (use FAFSA pin) AU
Known as “Private or Alternative” Loans Non-federal educational student loans Credit based and will require co-signer Some lenders release co-signer after 24 consecutive on-time payments Interest rates are usually variable Higher interest rates/fees than Direct PLUS? Compare private lenders at FASTChoice: il_fchoice.html AU
Books and supplies Can be purchased with credit card or personal check Can be charged to student account Payment with Credit Card Available through TMS ( Select Pay in Full or call ) Processing fee will be added Discover, American Express and Master Card accepted VISA not accepted AU
Through AccessAU students can monitor their award status on-line If they have applied for admissions AccessAU.anderson.edu/newstudent Username – AU assigned Student ID number Password – Date of Birth (MMDDYYYY) Select Self Service, then Student Center AU
Items that can be viewed on-line: Financial Aid Award Class schedule “To Do” List for Student Financial Services “To Do” List for Admissions SFS will be asking students to resolve their “To Do” List items. Please follow through on any outstanding SFS items. AU
Office of Student Financial Services Toll Free Fax Decker Hall 288 – Welcome Center 2 nd floor AU
Last name beginning with: A – G: Mr. Tim Bush, Counselor H – O: Mr. Travis Whitton, Counselor P – Z: Mrs. Shelley Coale, Assistant Director AU
Mrs. Kellie Schnepp, Office Manager Mrs. Beth Parker, Processing Coordinator Mrs. Corene Foust, Student Loans Mr. Kenneth Nieman, Director Mrs. Stacey Rhodus, Assistant Director AU