1. OFFICE OF FINANCIAL ASSISTANCE AND BUSINESS OFFICE

2. Where do we go from here? How much do we owe? How do we pay? When do we pay? Are there additional expenses for which we need to be aware? Common Questions

3. Cost of Attendance Fall Spring Total Tuition 15659.00 15659.00 31318.00 Room and Board 4523.00 4523.00 9046.00 Total 20182.00 20182.00 40364.00 Financial Assistance: Iowa Tuition Grant 2500.00 2500.00 5000.00 Heritage Scholarship 9500.00 9500.00 19000.00 BV Grant 1000.00 1000.00 2000.00 Federal Perkins Loan 1250.00 1250.00 2500.00 Fed Sub Stafford 1750.00 1750.00 3500.00 Fed Unsub Stafford 1000.00 1000.00 2000.00 Total Assistance 17000.00 17000.00 34000.00 In addition to the financial aid offered above, you are eligible for a College Work-Study award of $1,250. ***To help finance any remaining cost, you or your parents are eligible for a Federal PLUS Loan or an alternative loan of up to $8615.00.

4. Pay by the semester (BVU accepts Mastercard, Visa, Discover, American Express, direct payment from checking account-ACH) BVU Monthly Investment Program Loan Options Combination of options

5. Monthly Investment Program Tuition, Room, & Board$20,182 Iowa Tuition Grant 2,500 CR Arch Sch. 9,500 CR BV Grant 1,000 CR Fed. Perkins Loan 1,250 CR Fed. Stafford Loan 1,750 CR Fed. Unsub Stafford Loan 1,000 CR Advanced Tuition Payment 100 CR $ 3,082 Due for Fall Semester $3,082 ÷ 6 = $513.67 Six Monthly Payments, July – December Option to be automatically enrolled in the Spring Semester Payment Plan (payments due the 20 th of each month)

6. Parent Loan (PLUS)  Loan maximum: cost of attendance – financial aid  4.292% origination fee  Interest rate – fixed; 6.84%  Payment begins after 2 nd disbursement is made  Repayment terms: 10 years  Parents can choose to defer payments until 6 months after the student ceases to be enrolled at least half-time

7. Other Available Loan Options www.bvu.edu/loans

8. When do we pay?  Families should receive their first statement by the first week of August  Payment is due or arrangements must be made by August 17th.  Enrollment Validation  Friday, August 21st  Allows families to finalize the process and complete any unfinished paperwork.

9. Are there any other expenses for which we need to be aware?  Parking - $60 per year  Books – budget $500-$1,000 per year (varies each semester)  Cable – Included in the cost of Room (no additional fees)  Cords in room when you arrive  Laundry – Included in the cost of Room (no additional fees)  New machines have Laundry Alert which can show you availability of machines at any given time, and alerts you by email or text when your machine is finished

10. Example: Student’s Need: $34,000 Student’s Award: Iowa Tuition Grant: $ 5,000 BV Gift Aid: $21,000 Perkins Loan: $ 2,500 Stafford Loan: $ 3,500 College Work-study: $ 1,250 Total: $33,250 (Unmet need = $750) $751 outside scholarship requires that the original aid be reduced to keep total need-based aid at $34,000. Common Questions… How might outside scholarships affect my financial aid?

11. Common Questions….. Will my financial aid award change from year to year? The financial assistance you received may have come from different sources. It is important to be aware of the requirements for renewal for each award. Buena Vista University can normally not control your eligibility for funding from sources outside the university. If you do experience a change in your aid from one year to the next, it is usually due to a change in funding levels by the granting agency, a change in your family’s financial need, or a change in the student’s academics.

12. Common Questions….. Are there tax credits available for educational expenses? The American Opportunity Tax Credit Available ONLY for first 4 years undergraduate, including any years Hope Scholarship credit taken Per student/per tax year credit Maximum credit = $2500

13. Common Questions….. Lifetime Learning Tax Credit Available to undergraduates, graduates, & continuing ed Per family/per tax year credit Maximum credit = $2000

14. Common Questions… Will I be able to discuss my child’s billing/award information with the Business Office or OFA?  Yes, if you know his/her personal authorization number (PAN). All students will be given instructions on how to obtain a PAN during summer registration. The PAN must be disclosed to you if you would like access to financial information.

15. Enjoy the summer! Please feel free to call Monday – Friday 8-5:00 with any questions or concerns that you may have. 1.800.383.2821 See you in the fall!!