Financial Aid:

Orientation Information

for Families

Emily Grant

Campus Director of Financial Aid2020 - 2021

If the student wants the Financial Aid Office to be able speak to anyone (including a parent) regarding the financial aid, the student must complete an electronic FERPA release form on WebAdvisor.

1. Log in to WebAdvisor and click on the Student tab

2. At the bottom under Communication, click on FERPA/Emergency Releases.

3. Go to the bottom of the page to find FERPA Releases and add the person(s) who can obtain information on your account.

* This is a separate process from granting a parent access to WebAdvisor!

January 31, 2020

First Last ID: 0000000

Street

City, State

Campus Location

Dear First,

Congratulations on your acceptance to Fairleigh Dickinson University! Your personalized financial aid

offer for the 2020-2021 academic year is provided below. These estimates are based on your status as a

full-time student living on campus. If your enrollment status or housing plans change, you must notify the

Financial Aid Office and your financial aid offer may be adjusted.

Award 20/Fall 21/Spring Total

Estimated NJS TAG Grant 6,325 6,325 12,650

Colonel F. Dickinson Schp 12,500 12,500 25,000

Fairleigh Dickinson University Grant 1,750 1,750 3,500

FDU Priority Grant 750 750 1,500

Total Grants and Scholarships 21,325 21,325 42,650

Your Estimated Direct Net Cost is $10,692*. This is an estimate of the amount you will be responsible

for paying directly to FDU for the 2020-2021 academic year.

Options to Pay Net Costs

Federal Direct Subsidized Loan 1,750 1,750 3,500

Federal Direct Unsubsidized Loan 1,000 1,000 2,000

Federal Work Study* 750 750 1,500 * Note: Federal Work Study earnings are paid directly to students who secure a Federal Work Study job. These

earnings will not appear on the statement of charges and should not be subtracted from your net costs.

For a breakdown of your costs, please see the enclosed College Financing Plan. Additional information

about your financial aid offer and how to understand the College Financing Plan is also available online at

www.fdu.edu/myawardletter

If you have questions or concerns, please reach out to us at 201-692-2363.

Sincerely,

Renee Volak

University Director of Financial Aid

* The Net Costs provided to you on the enclosed College Financing Plan includes things you will not be

billed for by FDU. These indirect expenses include books and supplies, transportation, and other education

costs.

Your award letter includes a listing of each individual award you

will receive and contains an estimate of your remaining direct

costs.

Think you applied for financial aid but didn’t get a financial aid

award notice from FDU? Call the Office ASAP so we can look into

this for you.

It could be that FDU doesn’t have your Social Security Number OR

that FDU wasn’t listed on your FAFSA OR it got lost in the

mail/email.

A student selected for federal verification is required to provide

additional documentation to FDU to confirm the information reported on

your FAFSA.

You may also have been selected for verification by the State of New

Jersey and the Higher Education Student Assistance Authority (HESAA)

will request additional documentation.

Your financial aid is pending and subject to change until

verification is completed.

If the student is going to accept the

direct loans and/or work-study on the

financial aid package, the student can

do this on Self Service on

WebAdvisor.

Self Service will be available in

mid-July. Students will receive

email notification when this is

available.

Click on Review and accept your

Financial Aid Award Package

No action is required for grants and

scholarships!

Accept or Decline

Loans & Work-Study

Student can log in directly at

studentaid.gov or link from

Self Service on Web Advisor

Entrance Counseling and

MPN status show on the

Checklist

Make sure it’s the student

who logs in to do this!!!

Extra Step for Direct Loans:

Entrance Counseling and Master Promissory Note

Loans need to be repaid. Repayment typically begins six months after

the student graduates or drops below half-time in any semester.

Subsidized loans and unsubsidized loans have the same interest rate

(2.75%), but the government pays the interest on the loan while the

student is in school.

You can make interest only payments on the unsubsidized loan while

the student is in school. You will make those arrangements with your

loan servicer.

Need to borrow an additional loan?

Parent PLUS Loan: Parent Only (no student borrowers)

studentaid.gov

5.3% interest for 2020-2021/PLUS loan fee is 4.236%

Private Loan: Parent or Student with Co-signer

Make sure your application is submitted and approved before September 10th.

We recommend you apply for an annual loan: August 2020 – May 2021

Don’t forget about fees!

If you need help deciding how much to borrow, let us know!

• FDU Grants and Scholarships require a student be enrolled full-time (12+

credits)

• NJ Tuition Aid Grant requires full-time enrollment

• Federal Pell Grant eligibility is pro-rated if a student drops below 12 credits

• Direct loans and PLUS loans – require half-time enrollment (6+ credits)

Have the student check with us if they are thinking of dropping courses and we can

go over the impact!

FDU Merit Scholarships will renew for four years if the student maintains the

required GPA

FDU need-based grants and federal and state financial aid will renew if the

student files a FAFSA by the April 15th deadline and continues to meet eligibility

criteria

Student must make Satisfactory Academic Progress (SAP) to retain eligibility

This is a federal requirement. SAP status is evaluated after every semester.

* 2.0 GPA

* Successfully complete 2/3 of credits attempted

•FDU grants and scholarships: 8 semesters for freshman admits

(different limit for transfer students)

•Federal Pell Grant: 12 semesters

•NJ Tuition Aid Grant: 9 semesters

•Direct loans: $31,000 total borrowing for dependent students

When can I expect a refund?

Loans will not disburse to your account until late September - after the add/drop

period. Make sure you have adequate resources until then.

There has been a change in my family’s financial situation. What do I do?

Contact the Financial Aid Office. You will be asked to complete a Change in

Financial Circumstances Review Request Form and supply supporting

documentation

Need more information?To schedule an appointment with a Financial Aid Counselor,

call the Office of Financial Aid : (973) 443-8700

If your last name begins with:

A – G: Migali Ramirez 973-443-8704

H – P: Za’Kia Nealy 973-443-8703

Q – Z: Kelly Ceccacci 973-443-8706

Emily Grant McDevitt 973-443-8701