Financial Aid Office of Student Financial Aid

Financial Aid Financial aid is various forms of funds available to help pay for student’s post secondary education

Apply to The University of Akron for scholarship consideration Complete the Admission Application online at $ Application fee High school transcript ACT or SAT test score results

SCHOLARSHIPS Majority are merit-based – The office of Student Financial Aid awards 3 general scholarships ranging from $7,500-$2,000. We begin awarding our general scholarships in December and complete awarding these by March 15th. Scholarships are awarded based on the highest combination of High School GPA and Standardized Test scores New test scores and transcripts must be received in the Admissions Office by March 1 to be considered for potential scholarship increases

SCHOLARSHIPS Choose Ohio First Scholarship Program STEM Scholarship Science Technology Engineering and Mathematics and medicine (or math/science education) Awarded through the Office of Student Success Apply at: Application deadline: March 1st

Underrepresented Students. Scholarship applications are available for entering freshmen who have been historically underrepresented Application deadline March 1 st Apply at:

Apply early Submit admissions application and ACT/SAT scores no later than March 1 st. Scholarships are awarded based on a combination of GPA (grade point average) and ACT/SAT scores

Scholarship sources Private foundations, businesses, charitable organizations, school counselors Civic organizations, Employers, Credit unions High Schools counselors Scholarship sites

State of Ohio Student Aid Ohio Board of Regents program - Ohio War Orphans Scholarship - Ohio Safety Officers College Memorial Fund - Robert C. Byrd Honors Scholarship Board of Regents

Foster Care - ETV Ohio Education Training Voucher Foster Care to Success program Offers funds to foster youth to enable them to attend colleges and universities Application available July 1 st Click Ohio on the map to obtain information

Cost of Attendance Direct costs: tuition, room & board, meal plan Indirect costs: Books, personal items, transportation costs Direct & Indirect costs combined into cost of attendance

Renewal Scholarships Scholarship for Excellence $4,500-$7,500 College GPA minimum: 3.25 Presidential Scholarship $3,000-$4,000 College GPA minimum: 3.00 Student Success Scholarship $1,000-$2,500 College GPA minimum:

Available January 1, 2016 aid year Obtain a FSA ID (federal student aid ID) used as your legal signature Create a password for student and parent Complete the Free Application for Federal Student Aid (FAFSA) at

Expected Family Contribution Colleges use the EFC to award Federal Financial Aid Must complete the FAFSA every year that your son/daughter is in college

How financial aid is determined Cost of attendance - Expected Family Contribution Financial Need

Avoid common errors Incorrect Social Security Number Failing to use your legal name Wrong federal tax paid Decimal points Wrong adjusted gross income

Gender To be eligible for federal student aid, male citizens and male immigrants residing in the U.S. aged 18 – 25 are required to register with the Selective Service System. This requirement applied to any person assigned the sex of male at birth. The Selective Service System and the registration requirement for males preserve America’s ability to provide resources in an emergency to the United States Armed Forces (Army, Navy, Air Force, Marines, or Coast Guard)

IRS DATA RETRIEVAL TOOL (DRT) The IRS DRT process is enhanced to more effectively encourage users to link to and transfer data from the IRS More applications will have more accurate data, which will contribute to increased accuracy in awarding aid

IRS DATA RETRIEVAL TOOL (DRT)

26

Student Aid Report (SAR) print and keep a copy for your records

FAFSA Highlights Dependent students’ FAFSA must include income and other information about both of the student’s legal parents (biological or adoptive) if the parents are living together, regardless of the parents’ marital status or gender.

FAFSA INCOME VERIFICATION All applicants are reviewed for — Adjusted gross income (AGI) Taxes paid Household size Number in college Receiving assistance Untaxed income

MARCH 2016 Federal and State Aid Award Notifications will be mailed to New Freshmen Students

Federal Aid based on EFC Grants Pell grant Supplemental Educational Opportunity Grant Federal College Work-Study Provides part-time employment enrolled in school

LOANS Student Loans Perkins Loan 5% Simple Interest Nursing Loan 5% Simple Interest Direct Loans (Subsidized & Unsubsidized), currently 4.29% $ 3,500 $ 2,000 PLUS – Parent Loan for undergraduate students Fixed rate: 6.84%

FAFSA Check the status of your FAFSA or just have questions? Call the U.S. Department of Education at ( FED-AID)

FAFSA help Ohio College Goal Sunday – February 14, 2 pm Register at: Hosted by The University of Akron-Main Campus Simmons Hall E. Buchtel Ave. Akron, Ohio 44325

Special Circumstance Loss of income CONTACT THE SCHOOL FINANCIAL AID OFFICE FOR ASSISTANCE

Other payment options If you do not have enough money through financial aid to pay your bill in full, available to you is our Installment Payment Plan (IPP) Link IPP online through your My Akron account

Books Be financially prepared to purchase books

Office of Student Financial Aid Phone:

Questions