PLYMOUTH STATE UNIVERSITY

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PLYMOUTH STATE UNIVERSITY
OPEN HOUSE FALL 2006

• Kristen Purrington, Assistant Director
• June L. Schlabach, Director
• Financial Aid Team

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HANDOUTS

• Applying for financial aid is as easy as123
• PSU Handout FAQ Acronyms
• Cash for College, NASFAA
• The College Insider, NHHEAF Network Organizations
• FastWeb Scholarship Search

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SOURCES OF AID

• FEDERAL 80
• Institutional
• State Grants
• Private www guidance office
• Alternative Loans

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TYPES FINANCIAL AID

• GIFT Grants and Scholarships
• SELF HELP Loans, Employment

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ACRONYMS Handout

• FAFSA Free Application for Federal Student Aid
  (ANNUALLY)
• SAR - Student Aid Report YELLOW
• COA Cost of Attendance
• EFC Effective Family Contribution
• NEED - Federal eligibility (COA EFC)

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APPLICATION PROCESS

• APPLY FOR ADMISSIONS PSU (rolling admissions)
• ONLY NEED ONE FORM - FAFSA (APPLY FOR PIN TO
  E-SIGN PROVIDE EMAIL ADDRESSES)
• DEADLINE PRIORITY MARCH 1ST
• ADMISSIONS AND FINANCIAL AID DEADLINES DIFFER
  
• EDE WILL CONFIRM RECEIPT OF FAFSA
• ELECTRONIC EMAIL SENT BY FEDERAL GOVERNMENT
• Add cpsnotify_at_ed.gov TO YOUR EMAIL ADDRESS BOOK
  TO ENSURE IT WILL GET TO YOU
• PSU WILL BEGIN PACKAGING AWARDS (ONCE ADMITTED)
  MARCH 2007

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FORMS OF AID

• MERIT Based
• NEED Based (FAFSA)

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PLYMOUTH STATE UNIVERSITY OFFERS MERIT AND
NEED-BASED

• MERIT SCHOLARSHIPS identified through
  Admissions process
• FILE EARLY
• PSU NEED-BASED GRANTS identified via FAFSA
• FILE EARLY PRIORITY DEADLINE IS MARCH 1

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FEDERAL AID

• FEDERAL PELL GRANT - 4050
• Academic Competitiveness Grant (ACG)
• Must be Federal Pell eligible
• 750 - First Year Rigorous H.S. Curriculum
• 1,300 - Second Year 3.0 GPA minimum
• Smart Grant - 4,000 Major (PSU Biology,
  Meteorology, Math, Environmental Biology,
  Computer Science, Information Technology)

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FEDERAL AID

• Campus Based
• FEDERAL SEOG (Supplemental Educational
  Opportunity Grant)
• FEDERAL PERKINS LOAN
• FEDERAL WORK-STUDY
• LOANS
• FEDERAL STAFFORD
• FEDERAL PLUS (Parent)

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FEDERAL STAFFORD/DIRECT LOANS

• SUBSIDIZED, UNSUBSIDIZED
• FIXED RATE 6.8
• ORIGINATION FEES most lenders 0-1
• ANNUAL LOAN LIMITS (3500, 4500, 5500)
• MASTER PROMISSORY NOTE (MPN)

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FEDERAL PLUS LOANS (PARENTS)

• COST LESS STUDENTS AID
• INTEREST RATE 8.5 fixed
• MASTER PROMISSORY NOTE (MPN) required

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ELECTRONIC AWARDS AT PSU

• PAPERLESS PROCESS (ALMOST!)
• Letter from Financial Aid with login instructions
  once FAFSA Admission Applications are received
  at PSU
• ID PIN with directions to Banner Self-Service
  
• Secure environment!
• Will receive follow-up requests if needed (EMAIL)
• Will receive awards once available
• March, 2007 begin awarding process

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COMMON ERRORS

• MISSED DEADLINES (MARCH 1)
• INACCURATE OR INCOMPLETE DATA
• NAME, APPLICATION, SIGNATURE(S)
• FOLLOW-UP REQUESTS
• FEDERAL SCHOOL CODE
• PSU - 002591
• SSN, DOB - STUDENT /OR PARENT
• PARTIAL completion of application

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DATA BASE MATCHESNon matches require followup

• SOCIAL SECURITY SSN, DOB, NAME
• BOTH STUDENT AND PARENT
• US CITIZENSHIP
• DHS (Dept. of Homeland Security)
• SELECTIVE SERVICE
• DEPARTMENT OF JUSTICE
• NSLDS (National Student Loan Data Services)

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SPECIAL CIRCUMSTANCES

• LOSS/REDUCTION IN INCOME
• CHANGE IN MARITAL STATUS
• DEATH OR ILLNESS
• UNUSUAL MEDICAL EXPENSES

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VERIFICATION

• FEDERAL REQUIREMENTS (30)
• TAX RETURNS STUDENT PARENTS
• W-2S
• WORKSHEET
• FAMILY SIZE
• NUMBER IN COLLEGE
• UNTAXED INCOME (tax deferred plans, W-2, Box 12a
  12d), IRA, child support, etc)

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PLYMOUTH STATE UNIVERSITY

• www.plymouth.edu
• Financial Aid Home Page
• http//www.plymouth.edu/finaid/
• Financial Aid Office
• Speare Building (MSC 18)
• 17 High Street, Plymouth NH 03264-1595
• Phone [phone] or TOLL FREE 877-846-5755
• Fax [phone]

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THANK YOU FOR VISITING

• GOOD LUCK WITH YOUR COLLEGE DECISIONS
• HOPE WE SEE YOU THIS FALL