THE FINANCIAL AID JOURNEY. FAFSA  Free Application for Federal Student  Completed for each school year.

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Presentation transcript:

THE FINANCIAL AID JOURNEY

FAFSA  Free Application for Federal Student  Completed for each school year

STEPS TO TAKE  FAFSA  VERIFICATION  CORRECTIONS  MASTER PROMISSORY NOTE  ENTRANCE COUNSELING  ACCEPT AWARD  TUITION/FEES PAID  REFUND DISBURSED

 VERIFICATION- additional documents are required  CORRECTIONS- student will correct information on application and re-submit to FAFSA  AWARD NOTICE SENT- student will receive an notice sent to the UTHSC account

 MASTER PROMISSORY NOTE-legal document all student loan borrowers must complete promising to repay loan  ENTRANCE COUNSELING- loan information session explaining rights &responsibilities  TUITION/FEES PAID- the date financial aid is applied to student’s account  REFUND DISBURSED- the date excess aid is processed

FINANCIAL AID AWARDS  Loans  Scholarships  Grants  Cost of Attendance Budgets  Forms  College Work-Study

Types of Loans  Unsubsidized Direct Loan  Perkins Loan  Graduate Plus Loan  Private/Alternative Loan

LOAN AMOUNTS UNSUBSIDIZED STAFFORD $44,944 PERKINS $4,000 GRADUATE PLUS Cost of Attendance Minus Other Aid

Out-of-State Cost of Attendance Estimate  Tuition $66,070  Fees$ 17,713  Books and Supplies $ 1,746  Living Expenses $21,318  Total$106,847

Out-of-State Packaging Example COA = $106,847  $44,944 Direct Unsubsidized Loan  $57,903 Graduate Plus  $ 4,000 Perkins Loan  $106,847

In-State Cost of Attendance Estimate  Tuition$ 27,900  Fees$ 17,713  Books and Supplies$ 1,746  Living Expenses $21,318  Total$68,677

In-State Packaging Example COA = $68,677  Direct Unsubsidized$ 44,944  Graduate Plus$19,733  Perkins Loan$ 4,000  Total$68,677

Additional Funds Request

One on One Counseling  A scheduled counseling with your financial aid counselor

Applying for Financial Aid  PIN:  FAFSA Application: (School code: ) Loan History:

Contact Information Gloria Dobbs Financial Aid Counselor College Of Health Professions (901) Skype: glor.dob90