Carvalho, Malcolm

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April 8, 2010*FINANCIAL AID AWARD PACKET*

Academic Year 2010-2011

Summer CAP

Malcolm Julian Carvalho

93 Valentine Rd.Milton, MA 02186

Dear Malcolm,

We are excited to provide you with an official financial aid award package for your 2010-2011year at EasternNazarene College. Based on the information that you have submitted we are pleased to inform you that your grantsand scholarships for the year total $6,500.00! Thank you for doing your part by completing the necessary admissionand financial aid paperwork. As you review the various informational components in this packet, please pay carefulattention to all the information, making notes of your questions.

As you consider Eastern Nazarene College’s offer of financial assistance, please remember:

• We certainly understand that financing a college education involves careful decision making and oftensacrifice. We endeavor to construct a financial aid package that will make Eastern Nazarene Collegeaffordable for you, including all the merit and need-based aid for which you qualify.

• Every major decision in life requires prayer, perspective, patience, and reflection. Remember what firstdrew you to Eastern Nazarene College– and keep in mind how important it is to select the college that bestfits all your needs and goals.

• The process can seem confusing at many colleges but ENC makes it easy by guiding you with thefollowing information in this packet:

o IMPORTANT DATES TO REMEMBERo WHAT YOU STILL NEED TO DOo AWARD LETTER GUIDE AND INSTRUCTIONS

We truly hope your final decision leads you to ENC. When you are ready to deposit, simply send your enrollmentdeposit by May 1 to Eastern Nazarene College at 23 East Elm Ave. Quincy, MA 02170, Attn: Admissions.

Your Financial Aid Specialist Keri Lewis is ready to answer your questions and address your concerns. Please donot delay in contacting Keri at 617-774-6821 or [email protected]. It will be our pleasure to explain any aspect of your financial aid award package.

We know your college choice is a life-changing decision. We also know that students who choose Eastern NazareneCollege benefit from an experience that not only positively impacts their college years, but also the rest of their lives- from the friends they make, to the career paths they follow, to the values that sustain them for decades.

We look forward to welcoming you to our community of learners!

Dana ParkerDirector of Financial [email protected]



23 East Elm Ave, Quincy, Massachusetts 02170-2999 * 617-745-3712 * 617-745-3992 fax * www.enc.edu/finaid Page | 2

April 8, 2010* FINANCIAL AID AWARD PACKET*


Summer CAP

IMPORTANT DATES TO REMEMBER

The following dates are based on you enrolling in the Summer Cap Program. If you are not attending the SummerCap Program and need the important dates for the Fall start instead please contact Keri Lewis at 617-774-6821 [email protected].

To assist you in getting everything done in a timely matter we want to make you aware of the following deadlinesfor student accounts and financial aid for being able to attend the Summer Cap Program.

May 1st

• Nationally recognized date to deposit. Depositing to ENC by May 1 helps students lock in scholarships,secure best choices for classes, increase housing selections, and guarantee invitations to summer eventsoffered to deposited students. If you have not yet paid your deposit, you can simply send your enrollmentdeposit to Eastern Nazarene College at 23 East Elm Ave, Quincy, MA 02170, Attn: Admissions.

March 9th

• Earliest date that you can start applying for your PLUS loans, private loans and setting up a payment planfor the year.

• ENC provides a tool called Borrow Smart to work out your costs and payment arrangements! You canaccess this tool by going here: www.enc.edu/borrowsmart

May 28th

• Priority date for completing all the requested missing documents and actions on the next page.

• Complete all loan applications for the semester (example: Stafford, PLUS, Private loans). Borrow Smart isthe best tool to work out your loan amounts and payment arrangements. www.enc.edu/borrowsmart

June 11th

• Deadline for completing entire process for student accounts and financial aid. This includes all loans beingapproved for disbursement.

• The balance on the student account should be zero.

• If the bill balance is not zero there has to be a clear actionable plan to cover any balance such that StudentAccounts has approved the plan. Email: [email protected] Phone: 617-745-3809

• If everything is not complete by this date, a petition may be submitted to the office of Financial Aid foradditional consideration. Petitions are available by contacting Andrea Roust at [email protected] or617-745-3712. Incomplete petitions will not be considered.

September 1st

• Priority deadline to waive ENC health insurance for the Fall. You can complete the waiver typicallystarting in mid July. Go to www.universityhealthplans.com/

http://www.enc.edu/borrowsmart



mailto:[email protected]














Summer CAP

WHAT YOU STILL NEED TO DO

This packet includes everything required to complete your paperwork for financial aid and student accounts. The

Required Documents and Actions section below is a checklist of all the items we need. As you complete the itemson the list they will be removed from future award letters so that you always know what you still need to do. For themost up-to-date list view your items on MyENC at www.my.enc.edu.

To determine your costs and a plan to cover your balance, please go to www.enc.edu/borrowsmart.

REQUIRED DOCUMENTS AND ACTIONS:Financial Acknowledgment and Authorization Document

This document is required to be completed by all students. We will not disburse institutional aid onto thestudent account until we have the document returned completed in full including required signatures.

Outside Scholarship Declaration FormThis document is required if you would like us to show your outside scholarships as pending aid forcovering the balance for the year. If you will not be receiving any outside scholarships please return this

form signed with the scholarship sections blank. We will then remove this from the list of requireddocuments.

FAFSAFAFSA stands for Free Application for Federal Student Aid. This form should be completed by everystudent each year. There is a priority deadline of March 1st for it to be completed. You can complete theapplication by going to www.fafsa.ed.gov. Please include our school code 002145. ENC CAN NOTAWARD NEED BASED AID UNTIL WE HAVE RECIEVED THE FAFSA.

Award LetterWe have not yet received a signed award letter. If this is your first letter then you just need to sign andreturn this letter. Please return the attached award letter within 10 days.

Stafford MPNThe Stafford loans are Federal Title IV funds. Before these funds can be disbursed for the first time youhave to complete a MPN (Master Promissory Note). This form is completed when you apply for the

Stafford Funds online. Please use Borrow Smart to work out your costs and then select loans to cover yourbalance. All other lenders and MPN's will need to be completed by working with that specific lender. ENCwill accept loans from any lender the student chooses.

Loan Entrance CounselingBefore we will disburse your loans we need to make sure you understand the terms, responsibility and otherdetails about the loans you are taking. This is required by the Federal Government. For our lenders thecounseling happens as part of the application process. For any other lenders please go to this website tocomplete the counseling: http://mappingyourfuture.org/OSLC/

Payment Contract - Student Account ClearanceThe account is cleared for enrollment once the following have been completed. 1. A completed PaymentContract is received with all required signatures. (Needs to be original signed document, fax or emailedcopies will not be accepted.) 2. Student Accounts has determined that your balance for the semester hasbeen paid with payments and pending payments. You can determine your costs and come up with a plan byusing the tool Borrow Smart. www.enc.edu/borrowsmart. If you have any questions please contact the

bursar. Bursar's phone: 617-745-3809. Email: [email protected].

If you have any questions about any of these documents or actions please feel free to contact the financial aiddepartment. (No requirements? That means we currently do not show that you require any additional actions!)






AWARD LETTER GUIDE

For many families this may be your first experience working with award letters and attempting to evaluate

your financial package. School award letters can appear very different and make it difficult to compare.

Below is a short Q/A of many of the questions families have with the award letters.

How do I compare award packages at different schools to determine which is best for me?Do not simply look at scholarship amounts, only because school prices can be very different. One school mayoffer a higher scholarship amount on the award letter but their total cost might be higher as well. Therefore, thefinal cost to the family may still be greater, even if the scholarship package is greater. Always determine thecost of attendance for the year and subtract the scholarships on the award letter to determine the remainingamount to be covered by additional financial aid methods. Though cost can be a significant factor in thisdecision making process, also weigh your investment against the value of earning an education from EasternNazarene College. To assist you in determining your cost and ways to cover it please use the tool BorrowSmart®. The tool Borrow Smart can be accessed by going here: www.enc.edu/borrowsmart

What other types of aid can I get to help cover my bill?Go to www.enc.edu/financialaid to see all of the options available to cover your costs including scholarshipinformation. Also Borrow Smart is a great tool to help guide you through paying the bill.www.enc.edu/borrowsmart

Where is my PLUS loan or Federal Work Study that I see on other school award letters?

This is called bundling and other schools frequently apply this practice of including a PLUS loan and Work Study to cover the total costs. In essence, this inflates their award package to make their package appear tocovers all costs. There is no guarantee you will qualify for these aid options and therefore ENC does not includethem in the award letter before the loans and Work Study have actually been approved. The PLUS loan is oneof the best loans but has to be approved through a credit evaluation. The PLUS loan can cover all of theremaining costs not covered by your other aid. You can determine the optimal loan amount through BorrowSmart. Once you have been approved for the PLUS loan (or any other loan) we will add it to your award letter.

Work Study is typically awarded to show eligibility for those funds. If you plan to work on campus and havefinancial need you also qualify for work-study at ENC! For each semester, most students budget $1000 forWork Study. Work Study funds go directly to your paycheck and will only be reflected on your bill if you set uppayroll deduction. Payroll deduction allows for a percentage of earnings to be automatically deducted from yourpaycheck and transferred directly to you student account for paying your bill. You can include Work Study inyour Borrow Smart payment calculations. www.enc.edu/borrowsmart

AWARD LETTER INSTRUCTIONS

The award letter must be completed, signed and returned to us before we can process your loans.

• To complete the award letter simply initial the line to the right of each award on the document labeled

Award Letter.• Initial the accept line to accept the award, initial the decline line to decline the award.

• Future award letters will document your decisions. If you would like to change your decision simply crossout the previous decision and write in the new action you would like for that award.

• If you would like less than the full award for any item simply cross out the amount and write in the lesseramount you want and accept the award.

• By signing the award letter, without initialing each award, we will automatically accept the award.




http://www.enc.edu/financialaid








April 8, 2010* FINANCIAL AID AWARD LETTER*


PLEASE RETURN

Malcolm Julian CarvalhoClassification: FreshmanCampus ID: 42999-182148762

Award Letter Version:

Awards Fall Spring Full Year Accept Decline(please initial line to select)

Federal Aid: (EFC:)

Institutional Aid: 6,500.00(The institutional aid award is comprised of these items. Different awards and sources may be applied later to satisfy the institutional aid total.)

Early Decision Scholarship* 1 250.00 250.00 500.00 _______ _______

Opportunity Grant* 2 750.00 750.00 1,500.00 _______ _______Nease Grant 2,250.00 2,250.00 4,500.00 _______ _______

Other Aid:

Total for All Awards: 3,250.00 3,250.00 6,500.00

*Award Action/Information/Conditions:

1: In order to maintain eligibility for this scholarship you need to have deposited by May 1st 2010.2: Opportunity Grant requires a cumulative grade point average of 2.0 or higher to keep the grant.

---------------------------------------------------------------------------------------------------------------------------------------My signature affirms that I have read, understand, and agree to the conditions of the awards accepted.

Student Signature Date (Please return to the financial aid department within 10 days of receiving this award letter.)

Congratulations on your award! Please go to Borrow Smart to determine your charges, plug in your awards and

complete your plan for covering the balance for the school year.

www.enc.edu/borrowsmart




April 8, 2010* FINANCIAL AID AWARD LETTER*


Keep for your records

Malcolm Julian CarvalhoClassification: FreshmanCampus ID: 42999-182148762

Award Letter Version:

Awards Fall Spring Full Year Accept Decline(please initial line to select)

Federal Aid: (EFC:)

Institutional Aid: 6,500.00(The institutional aid award is comprised of these items. Different awards and sources may be applied later to satisfy the institutional aid total.)

Early Decision Scholarship* 1 250.00 250.00 500.00 _______ _______

Opportunity Grant* 2 750.00 750.00 1,500.00 _______ _______Nease Grant 2,250.00 2,250.00 4,500.00 _______ _______

Other Aid:

Total for All Awards: 3,250.00 3,250.00 6,500.00

*Award Action/Information/Conditions:

1: In order to maintain el igibility for this scholarship you need to have deposited by May 1st 2010.2: Opportunity Grant requires a cumulative grade point average of 2.0 or higher to keep the grant.

---------------------------------------------------------------------------------------------------------------------------------------My signature affirms that I have read, understand, and agree to the conditions of the awards accepted.

Student Signature Date (Duplicate copy of award letter, please keep for your records)

Congratulations on your award! Please go to Borrow Smart to determine your charges, plug in your awards and

complete your plan for covering the balance for the school year.

www.enc.edu/borrowsmart




April 8, 2010

* STUDENT ACCOUNT PAYMENT CONTRACT*


PLEASE RETURN

Please return this sheet by August 1st either by mail or in person.Faxes will not be accepted.

2010 - 2 011

STUDENT ACCOUN T PAYMENT CO NTRACT

Please complete, in ink, and correct any pre-filled data errors.

Name: Malcolm Julian Carvalho Campus ID#: 182148762

Home Address: 93 Valentine Rd.

Milton, MA 02186

Home Tel: 617-696-4934 Cell Tel: 617-980-6404

Email Address: [email protected] Birth Date: 07/03/1992

Local Address (if living off campus):

City: State: Zip:

Parent/Guardian Information (*Include Mother’s address information if different than Father.)

Father: Mother:

Home Address: *Home Address:

City: State: Zip: *City: *State: *Zip:

Home Tel: *Home Tel:

Work Tel: Work Tel:

Email Address: Email Address:

The Eastern Nazarene College (ENC) Payment Contract serves as both the application and the promissory note for all tuition

and fee payments due ENC and is valid until all charges due are paid in full. These charges are the obligation of the student

and parent/guardian. Remaining balances after all financial arrangements are applied are due and payable at registration

and will accrue interest at an annual rate of 15%. It is further understood that the undersigned will be responsible for all

attorney’s fees and other costs and charges necessary for collection of any amount not paid when due, as credit has been

extended by ENC for financing the undersigned student’s education and is considered an education loan.

ENC requires that all students who enroll in classes complete, sign and return the Payment Contract and Worksheet.

Failure to complete and turn in the Payment Contract may result in the student being withdrawn from classes.

Signatures are required. Payment Contracts without both signatures will delay registration clearance.

_________________________________________________ Date _______________________Parent/Guardian

_________________________________________________ Date _______________________Student




April 8, 2010* FINANCIAL ACKNOWLEDGMENT AND AUTHORIZATION*


PLEASE RETURN

Financial Acknowledgment

By signing this document you acknowledge that you have read the following financial items.

If you are not full time (12 or more credits) for a particular semester you may not qualify for institutional aid

or your full Federal aid.

Less than part time (less than 6 credits) for a particular semester can affect your ability to defer your loans.

You must maintain satisfactory academic progress (SAP) in order to maintain most forms of financial aid.

Details of the SAP policy are available online and through the Undergraduate Catalog.

If you withdraw from ENC, your awards could be reduced or canceled depending on when your withdrawal

occurs during the academic semester. The Undergraduate Catalog contains the full withdrawal policy.

Any unpaid charges as a result of the withdrawal will be your responsibility.

Under Title IV (Federal) programs, we cannot disburse funds if you owe a return of funds on a canceled grantor loan, are in default on a grant or loan, or have borrowed in excess of loan limits at any institution.

You must use your Title IV (Federal) money for expenses related to your study at ENC.

Signature (student) __________________________________ Date ______________________

Authorization for Disbursement of Title IV FundingThese authorizations are required by the Federal Title IV funding regulations.

STUDENT PARENT I authorize Eastern Nazarene College to retain

Federal Financial Aid funds to cover the cost of

tuition, fees, and other costs associated with my

attendance at Eastern Nazarene College.

I authorize Eastern Nazarene College to retain my

Federal PLUS loan to cover the cost of tuition, fees,

and other costs associated with my attendance at

Eastern Nazarene College.

YES NO YES NO If I should have a credit balance on my student

account, I authorize the Office of Student Accounts

to hold that credit until I request a refund.

If a PLUS loan should cause my child to have a credit

balance on the student account, I authorize the Office

of Student Accounts to hold that credit until I

request a refund.

YES NO YES NO

Student Signature: Parent Signature:

Date: Date:




April 8, 2010*OUTSTIDE SCHOLARSHIPS DECLARATION FORM*


PLEASE RETURN

Outside Scholarship Declaration FormEastern Nazarene College financial aid policies require that a student notify Eastern Nazarene of any scholarships that they will receive from groups or organizations that are external to Eastern Nazarene.

Submitting this form will not change the amount of your merit scholarship unless the total amount of scholarships exceeds the cost of attendance at Eastern Nazarene. However, it may affect the amount of yourloan eligibility. Upon receipt of this form, we will review your eligibility and return a revised award letter to you.

Name of donor/organization Amount you will

receive for the2010-11 year

The Scholarship funds will be sent directly to:

(Please check one)Student School

If you have any outside scholarship applications that are pending, please indicate these below:

Name of donor/organization Amount you may

receive for the2010-11 year

ExpectedNotification Date

By signing you acknowledge that the balance is still your responsibility if the funds do not come in.

________________________________________________ ____________________ Student Signature Date

Please sign and return this form by August 1st to:Office of Financial Aid

[email protected]




Carvalho, Malcolm

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