primary borrower

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primary borrower
Mount Ida College

FINANCIAL AID
Open House
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COUNSELORS
financial aid office


Each student will be assigned a Financial Aid
Counselor who will work with you over the next 4
years Assist in the applications process Review
financing options Answer questions

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GETTING STARTED

financial aid office
Its Easy . . .

Everyone is encouraged to apply regardless of
financial strength Make arrangements to have 2004
taxes filed EARLY Collect year end income and
asset information Be aware of application
DEADLINES
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APPLYING
financial aid office

FAFSA

Free Application for Federal Student Aid
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ONLINE
APPLYING
online

Two Easy Steps . . .

1 Obtain a Personal Identification Number
(PIN) at www.pin.ed.gov
2 Complete the 2004-2005 FAFSA online at
www.fafsa.ed.gov
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FAFSA
financial aid office

QUESTIONS TO ANSWER ON THE APPLICATION

Student and Parent(s) 2004 income and asset
information Household size Number of students
attending college Untaxed income (Retirement
plans, Social Security benefits, IRA deductions,
etc)
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federal state institutional private
federal
Grants Loans Work-Study
TYPES
OF

AID
state
Check individual state deadlines MA May 1
institutional
NEED-BASED and MERIT-BASED
private
Internet, clubs and organizations, local libraries
Boston Public Library Higher Education Resource
Center
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WHEN TO APPLY

financial aid office
APPLY EARLY FAFSA applications can be submitted
for processing beginning JANUARY 1, 2005

Mount Ida College Priority Funding Deadline MAY
1, 2005
Mount Ida College Federal School Code 002193
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WHAT HAPPENS NEXT
financial aid office

Mount Ida College will receive electronic results
of the FAFSA application Your Financial Aid
Counselor will review your application ACCEPTED
students will receive an Award Packet based on
RESDIENT or COMMUTER Status Federal Grants
and/or Loans State Grants (depending on
eligibility requirements and deadlines) Private
Scholarships Mount Ida College Grants and/or
Scholarships

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MERIT
Scholarship and grant awards do not require
repayment of any kind
Mount Ida College

SCHOLARSHIPS
Based upon review of your admissions application
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MERIT
Mount Ida College

SCHOLARSHIPS
Awarded over 4 years of study and based upon
renewal criteria
Example
A student receives a 6,000 Presidents Merit
Scholarship 6,000 x 4 years 24,000
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Grant awards do not require repayment of any kind
Mount Ida College
Mount Ida College Grants
NEED-BASED

• Based on review of the FAFSA application
• Awards range from 500 to 5,000 per year
• Helps families fill un-met need
• Last year the College awarded 5 million in
  assistance
• Approximately 75 of MIC students received
  assistance last year
• Approximately 86 of NEW students received
  assistance last year

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ONLINE
PRIVATE
online
SCHOLARSHIPS


Students should begin scholarship searches
NOW Contact local clubs and organizationsElks,
Rotary, Lions Clubs Search ONLINE---Pick up a
packet of recommended sites today at the Info
Fair Private Scholarships are typically ADDED to
financial aid awards WARNING Never pay money to
have scholarships found for you, searches should
be FREE! Contact us if you have questions.
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SAVE THE DATE
Financial Aid Night
February 24, 2005 300 p.m. through 700 p.m.

• Meet your financial aid COUNSELOR
• COMPLETE your FAFSA Application
• Review your ELIGIBILITY for aid
• Discuss your FINANCING OPTIONS

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CONTACT US
financial aid office

Let us know how we can help Contact us with
questions


E-mail finaid_at_mountida.edu Phone [phone]
or 4782
VISIT US at www.mountida.edu/finaid
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QUESTIONS

Staff will be available today at the
MOUNT IDA COLLEGE INFORMATION FAIR
Carlson Hall
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Mount Ida College

Thank You for Attending OPEN HOUSE