Financial Aid Overview

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Financial Aid Overview

• Junior Scholars Presentation
• July 26, 2006
• Ellie Houde
• Assistant Director
• Office of Student Financial Assistance

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Financial Aid Overview

• Types of Aid
• How to Apply
• When to Apply
• What You Must Remember
• Questions???

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Financial Aid Overview

• Types of Aid
• Scholarships do not have to be repaid
• University
• Local
• National

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Financial Aid Overview

• Types of Aid
• At Miami all in-state students qualify for the
  Ohio Leader and Ohio Resident Scholarships. In
  order to be considered for an increased amount
  students must complete the FAFSA by February
  15th.

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Financial Aid Overview

• Types of Aid
• Grants do not have to be repaid
• State (Ohio College Opportunity Grant, other
  state specific programs)
• Federal (Pell, SEOG, ACG, SMART)
• University

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Financial Aid Overview

• Types of Aid
• Loans generally go into repayment once student
  is out of school
• Federal Student Loans
• Federal Parent Loans
• Private Student Loans

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Financial Aid Overview

• How to Apply
• Complete Free Application for Federal Student Aid
  (FAFSA)
• Preferably complete this form online for faster
  processing. www.fafsa.ed.gov
• Only U.S. citizens and permanent residents are
  eligible for aid from the FAFSA.

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Financial Aid Overview

• How to Apply
• Completing the FAFSA determines your eligibility
  for state, federal, and university aid.
• At Miami you must complete the FAFSA prior to
  February 15th to be considered for all aid.

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Financial Aid Overview

• How to Apply
• We recommend everyone complete the FAFSA even if
  you think your family does not have need.
  Different universities have different standards
  for determining need.
• If you do not complete the FAFSA you will
  automatically get the lowest Ohio Leader
  Scholarship.
• If you complete the FAFSA after February 15th you
  will not be considered for an increased Ohio
  Leader Scholarship.

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Financial Aid Overview
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Financial Aid Overview

• How to Apply
• Have your parent and yourself sign electronically
  with a federal PIN (personal identification
  number). Apply for a PIN at www.pin.ed.gov

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Financial Aid Overview
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Financial Aid Overview

• How to Apply
• Check with each university you plan on applying
  to in order to find out any special scholarship
  applications.
• At Miami, all students who apply to the
  university prior to Jan. 31st and who are
  admitted are automatically considered for general
  scholarships. No separate application is
  required.

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Financial Aid Overview

• How to Apply
• Work with your high school guidance counselor on
  scholarship opportunities available through your
  high school and community.

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Financial Aid Overview

• How to Apply
• Work with organizations you and your parents are
  associated with to see if scholarship
  opportunities are available. Examples include
  churches, clubs, places of employment.

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Financial Aid Overview

• How to Apply
• Once you receive your financial aid award letter
  from the university you will then need to decide
  if you want to/need to borrow a loan. Different
  universities will have different processes for
  applying.

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Financial Aid Overview

• When to Apply
• Different universities have different deadlines
  for the completion of the FAFSA. Make sure you
  know the deadline for each school you are
  applying to.
• Miamis deadline is February 15th!!!

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Financial Aid Overview

• When to Apply
• There may also be scholarship deadlines that are
  prior to the admission deadline or FAFSA
  deadline.
• Be sure to check with each university to see if
  they have any special filing deadlines

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Financial Aid Overview

• When to Apply
• To be considered for the Harrison Scholarship
  (full tuition, fees, room board) at Miami you
  must fill out a separate application by Nov. 1st
  and apply to the university by this date as well.
  

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Financial Aid Overview

• When to Apply
• All students who apply for the Harrison are also
  automatically considered for the University
  Honors program. If you dont apply for the
  Harrison you can still fill out an Honors
  application before Jan. 31st.

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Financial Aid Overview

• What You Must Remember
• Check with each university for specific
  scholarship applications and deadlines!

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Financial Aid Overview

• What You Must Remember
• Work with guidance counselors and local
  organizations for scholarship opportunities in
  your community!

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Financial Aid Overview

• What You Must Remember
• Fill out the FAFSA! You never know what you
  might be eligible for unless you try!

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Financial Aid Overview

• What You Must Remember
• Work with your universitys financial aid
  office! We are friendly people who want to help
  you find a way to make college affordable!

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Financial Aid Overview

• Questions?

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