New Aid Officer Training Cathy Crawley Georgia College & State University

New Aid Officer Training Packaging & Notification Requirements  Process of Prioritizing and Awarding Various Financial Aid Funds  Grants, Scholarships, Work Programs and Loans  Must take other Resources Into Account  Awards Limited to Cost Of Attendance  Need Based Aid Limited by Financial Need Packaging 2

New Aid Officer Training Packaging & Notification Requirements COA$12,000 EFC $1,000 Financial Need $11,000 Example Award 3

New Aid Officer Training Packaging & Notification Requirements  Pell is Entitlement  Awarded First  Not reduced for resources  TEACH Grant  ACG and SMART Grants  Campus Based Grants  SEOG  LEAP GRANTS 4

New Aid Officer Training Packaging & Notification Requirements Example Award COA$12,000 EFC $1,000 Need $11,000 FallSpring TOTAL Pell$2,200$2,200$4,400 Unmet Need $6,600 5

New Aid Officer Training Packaging & Notification Requirements  State Scholarship  HOPE  Byrd  Institutional Scholarships  Outside Scholarships Scholarships 6

New Aid Officer Training Packaging & Notification Requirements  Federal Work Study  Need Based  Earned as You Work  Institutional Policies  Institutional Work Programs  May Be Need Based  Institutional Policies Work Study Programs 7

New Aid Officer Training Packaging & Notification Requirements Amounts Based on Grade Level Subsidized is Need Based Unsubsidized is Not Need Based Independent Student gets Additional Unsubsidized Stafford PLUS Loans to Cost of Attendance Must Stay Within Lifetime Limits Federal Loan Programs 8

New Aid Officer Training Packaging & Notification Requirements New Awards – Outside Scholarships – Institutional Awards – Federal and State Awards FAFSA Errors Conflicting Information Aid at Prior Schools (POP) Post Award Notifications 9

New Aid Officer Training Packaging & Notification Requirements 10