Financial Aid
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Financial Aid. Preview Days Fall 2013 209.946.2421 s [email protected]. www.pacific.edu/financialaid. Net Price Calculator. - PowerPoint PPT Presentation
Transcript of Financial Aid
Net Price CalculatorUsing the net price calculator, your information will generate an estimate of the financial aid package awarded to students with similar characteristics. www.pacific.edu/financialaid
Financial Aid at Pacific Total Aid: >$150 million (Stockton campus, 2012-2013)
Includes over $50 million in University funds More than 80% of our students receive financial aid
Financial aid includes Scholarships and grants Loans Work-study
Academic Scholarships/Freshmen
Powell Scholars Program $35,000 Additional support for undergraduate research, study
abroad Application deadline: December 1
go.Pacific.edu/PowellScholars Regents’ Scholarship $10,000
President’s Scholarship $6,500
www.pacific.edu/financialaid
Need-Based Grants & Scholarships
Federal Pell Grant Federal SEOG Cal Grant A / Cal Grant B (California residents)
University Grants/ UOP Grants
www.pacific.edu/financialaid
Federal Student Loans & Work-Study
Federal student loans Low interest rates and flexible repayment terms Repayment begins after the student leaves school
and the grace period has expired
Federal work-study Part-time employment during the school year
www.pacific.edu/financialaid
Financial Eligibility
Estimated academic year Costs of Attendance Tuition and other actual and estimated costs Net Price Calculator
Expected Family Contribution (EFC) Calculated on the basis of FAFSA information using formulas
prescribed by the federal government
Financial Need Most aid is for students who demonstrate financial need Exceptions: PLUS Loan (parents), Unsubsidized Stafford Loan
Your eligibility can vary from school to school!
In summary . . .
Financial aid “package” Students often qualify for funds from more than one
financial aid program—a financial aid package Scholarship recipients may qualify for aid in addition
to the academic award
Federal PLUS Loan (Application Online) For parents of dependent undergraduate students FAFSA required
www.pacific.edu/financialaid
FAFSA (Free Application for Federal Student Aid)
Collects information about finances and other circumstances
Used to determine financial eligibility for federal, state, and University aid
Submit through Federal Student Aid processor File online at www.fafsa.gov (FAFSA on the Web)
No charge to file!
www.studentaid.ed.gov
FAFSA (continued)
List at least one California college or university
Sign with student and parent PINs Eliminates need to print and mail a signature page
First day to file (online or paper): January 1, 2014
Keep a copy of your completed FAFSA. Online filers, be sure to print and save the confirmation page. If you file a paper FAFSA, get a Certificate of Mailing at the post office.
www.fafsa.ed.gov
Cal Grants: “It takes two forms” Financial eligibility (FAFSA) Verified Cal Grant GPA
Some schools submit GPAs electronically Others have students use the paper GPA form
(available at California Student Aid Commission Web site) Ask your high school for instructions!
Application Deadline (FAFSA & GPA): March 2
www.csac.ca.gov
Application Checklist: Now
Apply for admission Get PINs: www.pin.gov Cal Grant GPA Verification
Mail completed form or confirm that school will submit GPA
Utilize the University of the Pacific Net Price Calculator to estimate potential award package.
Application Checklist: January
File 2014-2015 FAFSA Pacific’s school code: 001329 Priority FAFSA filing date: February 15 Apply on time—don’t wait for an admission decision Use estimated 2013 income figures if necessary
Reminder: Submit Cal Grant GPA by March 2
After you apply . . .
Federal Student Aid Report (SAR) Check carefully against completed 2013 tax returns and submit
corrections if necessary
California Aid Report (CAR) Notifies Cal Grant recipients of award value
Financial Aid Award Pacific will begin sending award notices by April 1. Follow all instructions for receiving the funds awarded
To make sure SAR email isn’t blocked add FederalStudentAid to address book
2013 Income Documentation
U.S. Federal Tax Transcript 2013 Federal Tax Return Transcript Include W-2 forms Send copies to Pacific Financial Aid Office**The FAFSA also offers “data retrieval”
Non-filer’s Statement Submit this form if you will not file a 2013 income tax return
Not part of initial application process but required for disbursement
To contact us . . .
Financial Aid Office s Knoles HallOpen Monday–Friday, 8:30–5:00
Counselors available (except Wednesday mornings)9:30–12:00 and 1:00–4:00
209.946.2421 • [email protected]
www.pacific.edu/financialaid
