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Welcome to The University of Arizona Presidential Scholars Reception

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Special Programs (tuition) Childcare. How is Aid Awarded? ... TEACH Grant 'Grant' that provides $4000 a year for students who plan on becoming teachers and ... – PowerPoint PPT presentation

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Title: Welcome to The University of Arizona Presidential Scholars Reception


1
Arizonas First University.
Welcome to The University of Arizona
Graduate Scholarships Financial Aid
2
This Should Already Be Done
  • Items Completed By Now
  • The 2009-10 FAFSA (Free Application for Federal
    Student Aid) should have been completed by March
    1, 2009. If not, then do this step as soon as
    possible to be awarded federal aid and possible
    need based aid.
  • All scholarship opportunities should have been
    explored, including local and national
    scholarships. Students could also use search
    engines such as Fastweb to create a scholarship
    file and receive information on scholarships
    throughout the year.
  • The FAFSA and all scholarships searches should be
    free.

3
Cost of Attendance
  • Our Standard Cost of Attendance
  • Academic Year Expenses
  • Tuition 5,064/15,300
  • Room/Food 11,234
  • Books/Supp 1000
  • Travel 3,418
  • Misc. 4,676
  • Total 25,392/35,628
  • Based on 6 units/semester
  • Expenses calculated through survey the total is
    only an estimate and may vary from student to
    student.
  • Factors that affect the Standard COA
  • Special Programs (tuition)
  • Childcare

4
How is Aid Awarded?
  • Schools use the EFC (Estimated Family
    Contribution), that is determined by the FAFSA to
    process your award and determine the type of aid
    you are eligible for.

5
How do I inform OSFA of my intended enrollment?
  • 9 units or more enrollment is not necessary (for
    Federal loans)
  • 5 units or 3 (if enrolled in 900 level
    dissertation) units must notify via email
  • Askaid_at_email.arizona.edu
  • (520) 621-1858
  • Come and visit!

6
Federal Work Study
  • Off Campus Work Study criteria
  • Non-profit Organization
  • How to accept FWS and what the Agency has to do
  • Agency fills out the Organization Participation
    Agreement and turns that and pertinent tax
    information into the Financial Aid Office to keep
    on file.
  • Student and Agency will sign the FWS
    Authorization form (to be turned into the
    Financial Aid Office.)
  • Student needs to keep track of the hours they
    have worked.
  • Financial Aid award is split between fall and
    spring semesters.
  • Summer Federal Work Study
  • Student must fill out the Summer Evaluation form
    (available online after Spring break.)

7
Graduate PLUS Loan
  • Graduate PLUS loan is available to students by
    request at the Financial Aid office. Can be
    awarded up to the difference in the Cost of
    Attendance and all financial aid awarded.
  • Will require an additional Master Promissory note
    from the Federal Stafford Loan one.
  • In addition, it also will require an additional
    Loan Entrance Counseling.

8
TEACH
  • TEACH Grant
  • Grant that provides 4000 a year for students
    who plan on becoming teachers and meet certain
    additional requirements up to two years or 8,000
    maximum.
  • Must be degree seeking Masters (not PHD)
    student.
  • Failure to meet any requirement results in
    grant converting to Direct unsubsidized loan
    with interest accruing from the first
    disbursement date.
  • Some of the requirements include
  • Students complete four years of teaching (within
    8 years of degree completion) as a highly
    qualified teacher in a Title I school, and in a
    high need field
  • Students report to the Department of Education
    regarding the intentions and/or fulfillment of
    program requirements
  • Students show interest on FASFA or by contacting
    our office at askaid_at_email.arizona.edu
  • The TEACH webite is https//financialaid.arizona.e
    du/grants/teach.aspx

9
Loan Process
  • Accepting your Stafford and/or Graduate
  • PLUS Loan, what does that mean?
  • 1-2-3 Step Process
  • www.finaid.arizona.edu
  • Request Your Loans Online
  • Graduate Fall/Spring 2009-2010 Federal Stafford
    Loan, or 2009-10 Graduate PLUS Loan and follow
    the links..

10
Academic Progress
  • Academic progress is monitored at the end of the
    year..
  • Units completed and GPA, for federal aid
    recipients only
  • Undergraduate courses require a written statement
    from advisor indicating it is necessary for
    program
  • GPA must be 3.0 at end of the year

11
I am no longer working/your standard cost of
attendance does not meet my expenses.
Resource Re-Evaluations
  • FAFSA uses information from the previous calendar
    year. If you have a special circumstance, contact
    your institution to see if you qualify for a
    special circumstance or professional judgment.

12
Office of Student Financial Aid
How to Contact Us?
The University of Arizona Office of Student
Financial Aid Administration Building, Room
208 P.O. Box 210066 Tucson, Arizona
85721-0066 Email askaid_at_email.arizona.edu http/
/financialaid.arizona.edu Phone 520.621.1858
Fax 520. 621.9473
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