2. Financial Aid 2009-10 Ten Steps to Finalize Financial Aid

3. Office Staff Carolyn A. Julian –Student Aid Adviser & Veterans Affairs Coordinator czb3@psu.edu czb3@psu.edu Catharine G. Hook –Administrative Support Staff cgh11@psu.edu Room 70 Swatara Building 717-948-6307 800-222-2056 Option #1

4. 2009-10 Estimated Tuition & Fees PA ResidentNon-PA Resident –Tuition & Fees* $12,344 - $12,850 $18,420 - $19,238 –Room & Meals* $8,300$8,300 –Books & Supplies** $1,900$1,900 *Direct Costs **Indirect Costs

5. Step One 2009-10 Free Application for Federal Student Aid (FAFSA) –www.fafsa.ed.govwww.fafsa.ed.gov –www.pin.ed.govwww.pin.ed.gov Keep in a secure place Multiple uses School Code 003329 University Park All PSU campuses

6. Step One Con’t Stafford Loans Work Study Answer (Both) to question #31 on FAFSA

7. Step Two Campus Based Aid Supplemental Educational Opportunity Grant (SEOG) Perkins Loan Work-Study No separate application required

8. Step Two con’t Student Aid Award Notification sent via email after March 25 th. This notification will list all the student financial aid programs (loans, grants*, work-study, and/or scholarships) for which you are eligible for the fall & spring semesters. *Separate notification for PA State Grant (PHEAA).

9. Step Three Complete request from Pennsylvania Higher Education Assistance Agency (AES/PHEAA). NEW: Online process--students will receive an email with website & instruction to complete. Name of College: Penn State Harrisburg Housing: On/Off Campus or Commuter. For PA Residents only

10. Step Four Complete verification process if selected by University: –SS Card (student & parent) –Selective Service –Citizenship –Estimated filers Income Validation by PHEAA Copies of 2008 Tax return Special Circumstances – Contact Office after April 1, 2009 for the new form –Lost wages, untaxed income, death

11. Direct Lending  PSU participates in Direct Lending for Stafford, Plus & Grad-Plus loans.  Interest Rate:  Subsidized - varies 6-3.4% until 2011-12  Unsubsidized – 6.8%  Origination fee 0.5%  Must have PIN#

12. Step Five Direct Stafford Student Loan Freshmen$5,500Freshmen$5,500 Sophomore$6,500Sophomore$6,500 Junior/Senior$7,500Junior/Senior$7,500 Graduate $8,500/12,000Graduate $8,500/12,000 Independent $4,000/5,000Independent $4,000/5,000 Disbursed ½ & ½ Answer #31 as both

13. Step Five Con’t Students must sign a promissory note for Stafford and Perkins loan. –MPN – www.dlenote.ed.govwww.dlenote.ed.gov Good for 10 years –Perkins – https://www.studentloans.psu.edu/esign https://www.studentloans.psu.edu/esign –PIN # used to sign online.

14. Step Six Loan Entrance Counseling Required –Stafford Student Loan Activate PSU Access Account –Students Loan Entrance Counseling

15. Step Seven Academic Scholarship Application –Web-based application online @ www.hbg.psu.eduwww.hbg.psu.edu –Prospective Student –Financial Aid –Scholarships GPA = 3.0 or greater – Deadline April 1, 2009

16. Step Eight  PLUS Loan – Parent borrows on behalf of the dependent student.  Fixed interest rate @ 7.9%.  A 2.5% origination fee deducted from gross amount of the loan borrowed.  Repayment begins 60 days after the 2 nd disbursement.  May be deferred contact 800-848-0979  Set up “Friend of Penn State” eLion Access through student’s eLion account given at FTCAP. After 6/30 apply for PLUS loan at https://www.dlenote.ed.gov.www.dlenote.ed.gov Sign MPN one time only.

17. Step Nine Complete Rapid Refund Form eLion: –Students Refund Information Refund available within 48 hours

18. Step Ten CONFIRM REGISTRATION Schedule/Registered No Paper Bills Bills on eLion approx. July 10, 2009

19. Questions