Govs R.O.W. 2014

Scholarship Students and Families

Financial Aid

Applying for Financial Aidwww.fafsa.gov

Opens January 1st

2014-2015 FAFSA applies to:

Fall 2014

Spring 2015

Summer 2015

Can be completed before taxes have been filed

Use estimated figures

Make corrections with accurate figures after taxes are filed

Must be completed every year

VerificationYour Response is Urgent!

Random selection; notified by e-mail

Verifies the FAFSA is correct

You cannot be awarded until Verification is complete

If selected, we need:

Verification Worksheet (completely filled out)

2013 IRS Tax Return Transcripts—not Tax Returns

Can be loaded into FAFSA with IRS Data Retrieval

Can also be found at irs.gov

Other documents as requested

Check your AP e-mail even after turning in documents!

Financial Aid AwardAnnounced as early as April

Can be checked through:

AP OneStop

AP e-mail

If you receive outside resources: Must Report it to Financial Aid using the

Additional Resources form Scholarships

Discounts

Benefits

This can prevent over-awarding on your account (over-awards sometimes result in billings to the student)

Cost of AttendanceA tool for Financial Aid

Located on OneStop under Award Overview

Not your billing statement

Calculated as the average amount students need for the following all added together:

Tuition & Fees

Books & Supplies

Room & Board

Misc. Expenses

Used as your budget for financial aid

Scholarship Placement InformationCongratulations!

Some scholarships require service hours Examples: Presidential, Dean’s, Howell C. Smith

75 hours are required per semester Failure to complete service hours will result in a

cancellation of the scholarship

Placements are made August 1 Not all will work in their department

Placements are made based on preference listed on Scholarship Confirmation Form

Must meet with supervisor in the first week of school

Tennessee Hope Lottery Scholarshipwww.collegepaystn.com

GPA Requirements

2.75 at 24 and 48 attempted credit hours

3.0 beyond 48 attempted hours

Enrollment Requirements If you registered full-time, stay at full-time

Failure to remain at full-time could result in a permanent loss of the scholarship

If you lose your lottery scholarship: Appeal – Only with extenuating

circumstances

Regain – Every 24 attempted credit hours

Readiness Checklist

Authorization FormOptional

Allows excess financial aid to be applied to:

Bookstore debit program

Health services

Parking tickets

Etc.

May be completed online at:

AP OneStop

Web Self Service

Financial Aid

Eligibility

Authorization Form

Enrollment IntentionsNeeded every year

Required so our office plans for the correct budget

Financial Aid is based on: Enrollment hours

Length of coursework

Attendance throughout the year

The Enrollment Intentions form can prevent over-awarding on your account (over-awards sometimes result in billings to the student)

Enrollment Intentions

Enrollment Intentions

Enrollment Intentions

Enrollment Intentions

Enrollment Intentions

Enrollment Intentions

If you are not attending 12 hours Fall and 12 hours Spring, say “No.”

Enrollment Intentions – “No.”

Failure to enroll the hours you indicate could result in a billing to your account.

Terms & ConditionsAlso needed yearly

Reminds you of important rules regarding aid

Located at:

Onestop.apsu.edu

Web Self Service

Financial Aid & Veteran’s Affairs

Eligibility

Terms and Conditions

LoansAccepting your offers

The offered amount is for the entire aid year

Whatever you accept will automatically be split between the Fall and Spring semesters

Summer semesters are optional and therefore are not built into OneStop for accepting loans

If you plan on attending in summers, you need to leave yourself enough loans remaining to be applied to the summer semester

LoansSteps to Take

Loans

Loans

Loans

Whatever you accept will split between Fall and Spring

If you accept a partial amount, the remainder can be picked up later through an Adjustment Form or in the Summer semester

Readiness Checklist Revisited

LoansAdditional Requirements

Direct Loan Entrance Counseling

Reviews all loan regulations

Master Promissory Note

You affirm that you are responsible for repaying your loans

Both must be completed at studentloans.gov

Loans will not pay out unless these requirements have been completed

These are only required the first time you accept loans, and are good for 10 years afterward

Debt ManagementBorrow Responsibly

Aggregate Loan Limits – the total you can borrow

Undergraduate Dependent = $31,000

Undergraduate Independent = $57,500

Graduate = $138,500

Maxing out on loans each year and taking more than 4 years to graduate could cause you to exhaust your limits BEFORE you graduate.

The average loan debt upon graduation: $25,000

Any Questions?

Ellington Building, Room 216

apsu.edu/financialaid

(931) 221-7907

Welcome to APSU!