Financial Aid

Academy of

Arts and Academics

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Victoria MoranFinancial Aid CounselorUniversity of Oregon

HighlightsCost of Attendance

*Private University*Public University

*Resident*Non Resident

*Community College

Defining Federal/State/Institutional Aid

Budgeting for the college you attend

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Cost of Attendance (COA)*Established by each college*Used in determining Financial Need*Includes:

◦ Tuition & Fees◦ Food & Housing◦ Books & Supplies◦ Personal Expenses◦ Travel (in some cases)

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Cost of AttendanceColumbia University/NYC

Tuition & Fees $ 41,68818 points per term

Room and Board $ 18,252Books & Supplies $ 2,000Personal Expenses $ 3,626

Total COA $65,566

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Cost of AttendanceUniversity of Oregon/Resident

Tuition & Fees $ 9,873Estimated 15 credits

Room and Board $ 10,722Standard Double Room, Standard Meal Plan

Books & Supplies $ 1,050Cost varies depending on major

Personal Expenses $ 2, 430Cost varies depending on personal spending habits

Total COA $24,075

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Cost of AttendanceUniversity of Washington/Non

Resident

Tuition & Fees $31,971Room and Board $10,752Books & Supplies $1,206Personal Expenses $2,265Transportation $ 414

Total COA $46,608

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Cost of AttendanceLane Community College/Standard Budget

Tuition & Fees $3,279Room and Board $7,335Books & Supplies $1,230Personal Expenses $ 1,620Transportation $ 1,035Loan Fee $ 100

Total COA $14,599

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Cost of AttendanceLane Community College/ Living with Parents

Tuition & Fees $3,279Food & Housing $2,934Books & Supplies $1,230Personal Expenses $1,080Transportation $ 1,035Loan Fee $ 100

Total COA $9,658

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Compare Cost of Attendance*Private University vs. Public In state University:

$65,566 - $24,075=$41,491*In State (Resident) vs. Out of State (Non

Resident):$46,608 - $24,075 = $22,533

*In state Public University vs. Community College$24,075 – 14,599 = $9,476

Compare attending a Community College/Living with Parents Cost of attendance with the other colleges.

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Net Price Calculators*All institutions that offer federal funding must

have a Net Price Calculator

*Gives a realistic view of out of pocket costs

*Helps in comparing actual costs between colleges

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What is Financial Aid?*Financial aid consists of funds provided to

students and families to help pay for postsecondary educational expenses

Need based aidGrantsWork-StudySubsidized Direct Student Loans

Non-need based aidUnsubsidized Direct Student LoansDirect Parent PLUS Loan

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How do I apply for Financial Aid?In order to receive Federal Aid you must

complete a Free Application for Federal Student Aid (FAFSA):

https://fafsa.ed.gov/This is the only way you can get Federal Aid!

How much does it cost to complete the FAFSA???

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Grants*Do not repay (FREE MONEY!)

*Usually awarded on the basis of financial need

*Awarded by Federal, State, Institutional Agencies

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Work-Study*Allows student to earn money to help

pay additional education costs

*Students can work up to 20 hours per week

*Does not guarantee a job

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LoansFunds students and parents BORROW to help pay college

expenses

*Subsidized, Unsubsidized, Perkin’s Loan, Parent PLUS Loan

*Repayment usually begins after education is finished

*Only borrow what is really needed*These monies must be repaid!

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Scholarships*Money that does not have to be paid back.

For every dollar you receive in Scholarship funds, that is one less dollar you have to

borrow!

*Awarded on the basis of merit, skill or unique characteristic

*Look for scholarships at your high school, your workplace, your parents’ workplace, your church, clubs you belong to, or local businesses

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Scholarship Timeline*Late October, November, DecemberSearch for ScholarshipsOSAC, Fastweb, Schoolsoup, talk to your High

School Career Counselor!

*JanuarySubmit FAFSA (and CSS Profile, if applicable)

*Mid-March – Mid-April Receive Financial Aid offer and Admission offer

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Remember!Complete the FAFSA EACH YEAR !

www.fafsa.govFor Oregon schools FAFSA info must be received

before March 1 to be eligible for priority funding.

Look for Scholarships!OSAC

FastwebSchoolSoupFinaid.org

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Don’t be scammed!Do not pay to file the FAFSA!

The FAFSA is a Free Application at fafsa.gov

not fafsa.com!

If you are contacted by a scholarship program or agency that you are not sure

about, feel free to contact the financial aid office to ask about their legitimacy and/or

credibility.19

Create your own budget!You and your parents have decided that you should attend Columbia University. The

federal aid you received from submitting the FAFSA:

$5,645 Pell Grant$3,500 Subsidized Loan$2,000 Unsubsidized Loan$1,000 Perkin’s Loan$1,500 Work StudyInstitutional Funds:

$18,000 Columbia University ScholarshipPrivate Scholarship:

$1,500 Elks Lodge Scholarship (Springfield Lodge)

To be fully funded, even after you accept your loans, how much will you still need?

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Create your own budget!You and your parents have decided that you should attend the University of Oregon. The

federal aid you received from submitting the FAFSA:

$5,645 Pell Grant$3,500 Subsidized Loan$2,000 Unsubsidized Loan$1,000 Perkin’s Loan$1,500 Work StudyState aid:

$2,000 Oregon Opportunity GrantInstitutional Funds:

$3,00 Apex Scholarship (Renewable for four years)Private Scholarship:

$1,500 Elks Lodge Scholarship (Springfield Lodge)

To be fully funded, even after you accept your loans, how much will you still need?

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Questions?

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Contact InformationOffice of Student Financial Aid &

Scholarships2nd floor, Oregon Hall

Phone: 541-346-3221E-mail: financialaid@uoregon.edu

Web address: http://financialaid.uoregon.edu

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