1. University of the Pacific
Financial Aid
University of the Pacific

2. Total Cost of Attendance
Direct Costs
Tuition
Housing
Books
Other Costs
Transportation
Personal Expenses

3. Net Price Calculator
Using the net price calculator, your information will generate an estimate of the financial aid package awarded to students with similar characteristics. 

4. Need-Based Grants & Scholarships
Federal Pell Grant
Federal SEOG
Cal Grant A / Cal Grant B (California residents)
University Grants/ UOP Grants

5. University of the Pacific Transfer Scholarships
Tri County Scholarship $15,000.00
Local Area Community Colleges minimum GPA for consideration is transferable units
Distinguished Transfer Scholarship $10,000.00
Minimum GPA for consideration is 3.5+transferable units
Commended Transfer Scholarship $5,000.00
Minimum GPA for consideration is 3.0+transferable units

6. Federal Student Loans & Work-Study
Low interest rates and flexible repayment terms
Repayment begins after the student leaves school and the grace period has expired
Federal work-study
Part-time employment during the school year

7. Financial Eligibility
Total Costs
EFC
Unmet Need
Estimated academic year Costs of Attendance
Tuition and other actual and estimated costs
Net Price Calculator
Expected Family Contribution (EFC)
Calculated on the basis of FAFSA information using formulas prescribed by the federal government
Financial Need
Most aid is for students who demonstrate financial need
Exceptions: PLUS Loan (parents), Unsubsidized Stafford Loan
Your eligibility can vary from school to school!

8. In summary . . . www.pacific.edu/financialaid Financial aid “package”
Students often qualify for funds from more than one financial aid program—a financial aid package
Scholarship recipients may qualify for aid in addition to the academic award
Federal PLUS Loan (Application Online)
For parents of dependent undergraduate students
FAFSA required

9. FAFSA (Free Application for Federal Student Aid)
Collects information about finances and other circumstances
Used to determine financial eligibility for federal, state, and University aid
Submit through Federal Student Aid processor
File online at (FAFSA on the Web)
No charge to file!

10. www.fafsa.ed.gov FAFSA (continued)
List at least one California college or university
Sign with student and parent FSA ID
Eliminates need to print and mail a signature page
First day to file (online or paper): October 1, 2016
Keep a copy of your completed FAFSA. Online filers, be sure to print and save the confirmation page. If you file a paper FAFSA, get a Certificate of Mailing at the post office.

11. Assets The FAFSA will ask for information regarding assets.
Do not include:
Value of your primary residence
Retirement account values
Business value if it is considered a family business with less than 100 FT employees

12. Upcoming Changes to the FAFSA
Starting in the year:
FAFSA will collect previous year data

13. FAFSA Tips
If the parent does not have a social security number, enter all 0 (zeros) and FAFSA will still be processed on behalf of the student.
In the instance of a divorced/separated parent: The parent information on the FAFSA should only be the parent of record. The parent of record is the parent whom the student lives with more than 50%. Include step-parent information if the parent of record is married.
In the case of a divorced/separate parent or if parents were never married and both parents remain in the same household both parent information will be required on the FAFSA

14. Cal Grants: “It takes two forms”
Financial eligibility (FAFSA)
Verified Cal Grant GPA
Some schools submit GPAs electronically
Others have students use the paper GPA form (available at California Student Aid Commission Web site)
Application Deadline (FAFSA & GPA): March 2
Engineering 5 year programs will have access to their Cal Grant for all 5 years

15. Application Checklist: Now
Apply for admission
Get FSA ID:
Cal Grant GPA Verification
confirm that school will submit GPA
Utilize the University’s Net Price Calculator to estimate potential award package.

16. Application Checklist: October
File FAFSA
Pacific’s school code:
Priority FAFSA filing date: January 15, 2017
Apply on time—don’t wait for an admission decision
Use Data Retrieval Tool to directly import IRS data
Reminder: Submit Cal Grant GPA by March 2

17. After you apply . . . Federal Student Aid Report (SAR)
Check carefully against completed 2015 tax returns and submit corrections if necessary
California Aid Report (CAR)
Notifies Cal Grant recipients of award value
Financial Aid Award
Schools will begin sending award notices in March and April.
Follow all instructions for receiving the funds awarded
To make sure SAR isn’t blocked add FederalStudentAid to address book

18. 2015 Income Documentation U.S. Federal Tax Transcript
2015 Federal Tax Return Transcript
Include W-2 forms
Send copies to Financial Aid Office
**The FAFSA also offers “data retrieval”
Non-filer’s Statement
Submit this form if you will not file a 2015 income tax return
Not part of initial application process but required for disbursement

19. Best Practices Never rule out a college because of cost alone.
Make sure that you and your student are partners when applying and reviewing aid offers. Correspondence is sent directly to the student in most cases.
Compare costs before applying — Net price calculators can provide an estimate of financial aid eligibility and remaining college costs. Net price calculators should be available on every college's website.
Compare awards — Look at grants, loans, and parental contributions before making a final decision on a college.
Speak to the Financial Aid Office for changes in the household or other unusual financial circumstances

20. It is possible to have all of your costs covered by financial aid!
Review
Costs of College Include:
Tuition, Housing, Books, Travel & Misc Expenses
FAFSA +GPA Verification = Access to Aid
Financial Aid includes:
Scholarships, Grants, Work Study, Student and Parent Loans
It is possible to have all of your costs covered by financial aid!

21. Compare University Costs, Loan Debt, Average Earnings and much more!

22. Thank you!
QUESTIONS?