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Welcome Applicants! Midwestern University-Glendale Financing Your Health Professions Education Physician Assistant Presented by: Tammy Schmidt Lisa Veliz.

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Presentation on theme: "Welcome Applicants! Midwestern University-Glendale Financing Your Health Professions Education Physician Assistant Presented by: Tammy Schmidt Lisa Veliz."— Presentation transcript:

1 Welcome Applicants! Midwestern University-Glendale Financing Your Health Professions Education Physician Assistant Presented by: Tammy Schmidt Lisa Veliz Lesa Stanford Stacia McBride

2 How Much Will It Cost to Attend MWU? Average Annual Costs (12-Month Budget) Figures based on 2010-11 Academic Year $58,825 for students living with parents. $63,307 for students living on campus. $68,605 for students living off campus. Cost of Attendance increases 5% to 7% annually.

3 Cost of Attendance Includes educationally related expenses for student only, such as: Tuition, Books & Supplies Insurance Rent & transportation Personal Expenses Cost of Attendance does not include: Car payments, Credit Card payments Moving expenses Higher-than-average rent or mortgage 1 Dependent Care Expenses (Exception: 1 Daycare expenses for single students or married students with working spouses)

4 Cost of Attendance Tuition34,125 Student Services Fee450 Health Insurance2,500 Disability Insurance65 Books & Supplies2,588 Room & Board (Rent, Utilities & Food) On Campus14,280 Off Campus16,980 With Parents7,200 Transportation/Travel On Campus3,279 Off Campus/With Parents5,877 Average Loan Fees2,120 Personal Expenses3,900 TOTAL BUDGET On Campus63,307 Off Campus68,605 With Parents58,825

5 International Packet is mandatory for: F-1, J-1 or "Unknown" statuses. 2011-12 APPLICANTS BIOMEDICAL SCIENCES - MA$ 60,000 OPTOMETRY$232,000 VISA REQUIREMENTS: TOTAL PROGRAM COST IS REQUIRED TO BE DEPOSITED IN A U.S. BANK BANK MUST RESIDE INSIDE THE U.S. PHYSICAL THERAPY$177,000 CLINICAL PSYCHOLOGY$250,000 DO - MEDICAL$330,000 PODIATRIC MEDICINE$242,000 PHARMACY$219,000 PHYSICIAN ASSISTANT$149,000 NURSE ANESTHESIA$141,500 OCCUPATIONALTHERAPY$143,500 CARDIOVASCULAR SCIENCE$116,000 DENTAL MEDICINE$379,000 TOTAL PROGRAM COST

6 ELIGIBILITY Federal U.S. Citizen, Eligible Noncitizen Selective Service Registration No Unresolved Drug Convictions Not in Default Credit Check: Federal GradPLUS Private Bankruptcy Other Adverse Credit

7 TYPES OF AID SCHOLARSHIPS FEDERAL WORK-STUDY FEDERAL WORK-STUDYLOANS

8 Professional Student Exchange Program $15,600 support fee for 2010-2011 For residents of selected Western States only: Alaska, Arizona, Nevada, Wyoming http:// www.wiche.edu/psep Western Interstate Commission for Higher Education (WICHE)

9 SCHOLARSHIPS Competitive, Service Commitment Required Stipends are included in Financial Aid package  National Health Service Corp –Full tuition, fees, and monthly stipend of $1,326 –http://nhsc.hrsa.gov/scholarshiphttp://nhsc.hrsa.gov/scholarship –Contact NHSC at 1-800-221-9393  US Navy Health Professions Scholarship –Full tuition, fees, and monthly stipend of $2,060 –Contact a local recruiter (602) 254-3347

10 INSTITUTIONAL SCHOLARSHIPS MWU Spirit of Service Scholarship –Need-based –$3,500 to $5,000 –Continuing students only Apply early For additional scholarship listings and searches, visit: http://www.midwestern.edu/finaid

11 FEDERAL WORK-STUDY On-Campus Community Service (on or off campus) $1,000 per year $9.00/hr on campus $11.00/hr Community Service Indicate Work-Study interest on FAFSA

12 FEDERAL LOANS PERKINS: (subsidized loan) –Based on eligibility of neediest students –Amounts vary from $2,500 to $3500 –Apply before priority deadline STAFFORD: (subsidized/unsubsidized) –Automatically awarded with FAFSA application –Annual limit $20,500 GRAD PLUS: (Credit-based) –Covers the remainder up to cost of attendance.

13 PRIVATE LOANS –Variable interest rates –Repayment grace period –No cap on interest rate –Limited number of private lenders –May require co-signer –Credit check is required for consideration of both GradPLUS and private loan programs Review credit report annually www.annualcreditreport.com www.annualcreditreport.com **See Comparison Chart for Federal Grad PLUS and Private Loans

14 APPLICATION PROCESS Apply for financial aid online as soon as matriculation deposit is made Financial Aid tab available via MWU NET (full online application instructions) Please come prepared with one month’s living expenses! Living expense refunds disbursed during week after class begins Check your MWU e-mail and Message Board for Notifications * Priority Deadline Early April

15 CONTACT US Office Hours: Monday-Friday 8:00 to 4:30 Phone- (623) 572-3321 Fax- (623) 572-3283 Federal School Code – E00906 azfinaid@midwestern.edu

16 QUESTIONS


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