Where excellence and opportunity meet.™ Financial Aid Office Odyssey 2012.

Where excellence and opportunity meet.™

Financial Aid OfficeOdyssey 2012

Financial Aid Office

FINANCIAL AID PROCESS

Obtain PIN online (www.pin.ed.gov)

______ File FAFSA online (www.fafsa.gov)

______ Review Student Aid Report (SAR)

______ Complete ‘To Do’ Items (Titan Web)

______ Accept/Decline Awards (Titan Web)

______ Complete Promissory Note(s) (if applicable)

______ Complete Loan Entrance Counseling (if applicable)

______

http://www.pin.ed.gov/

http://www.fafsa.gov/


OBTAIN PIN (Personal Identification Number)

www.pin.ed.gov

Serves as your electronic signature

May be used to file your FAFSA, make corrections to your SAR, and monitor federal loans you receive

Parents of dependent students should also obtain a PIN to electronically sign the FAFSA

http://www.pin.ed.gov/


FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA)www.fafsa.g

ov

UW Oshkosh Federal School Code: 003920




COMPLETE ‘TO DO’ ITEMS(Titan Web)

Read carefully and submit the information requested – it

may simply require you to complete an online process! That would be the case if you

had a To Do Item for a Master Promissory Note or Loan Entrance Counseling

for Student Loans.


WWW.UWOSH.EDU/FIN_AID/FORMS

Online forms can be submitted online by the

student, other forms must be printed and signed by the

student and/or parent before submission.

http://www.uwosh.edu/fin_aid/forms

http://www.uwosh.edu/fin_aid/forms


SUBMITTING DOCUMENTS TO THE FINANCIAL AID OFFICE

Always include the student’s ID number

Submit requested items in a timely manner

Many items require the student’s AND a parent’s signature

Student can email the Counselor listed on the ‘To Do’ Item for clarification


AWARD NOTIFICATION

Your student’s award notification will be sent via e-mail (to the student), directing him/her to Titan Web to Accept/Decline Awards

The award notification includes important information, so be sure

to read carefully!


ACCEPT/DECLINE AWARDS


HOW FINANCIAL AID IS AWARDED

Estimated Cost of Attendance (COA)

(Determined by UW Oshkosh)

– Expected Family Contribution (EFC)

(Determined by FAFSA)__________________________________________________________________________________________________________________

= Financial Need

* Total Financial Aid awards cannot exceed COA and need based awards cannot exceed financial need (outside scholarships may be an exception)


ESTIMATED COA(Cost of Attendance aka ‘Budget’)

BudgetItem

WI Resident

Non-Resident

MN Resident

Midwest Exchange

Return to WI

Books $500 $500 $500 $500 $500

Room/Board $3,463 $3,463 $3,463 $3,463 $3,463

Loan Fees $38 $38 $38 $38 $38

Personal $1,000 $1,000 $1,000 $1,000 $1,000

Transportation $350 $350 $350 $350 $350

Tuition $3,680 $7,467 $3,878 $5,173 $5,774

TOTAL $9,031 $12,818 $9,229 $10,524 $11,125

The COA is an estimate of total expenses (direct and/or indirect) used to determine financial aid eligibility. It is not necessarily the amount that will appear on your bill.

Undergraduate Full-Time Students 2012-2013 (per semester)


WHAT DOES EFC MEAN?(Expected Family Contribution)

Determined by the information provided on the FAFSA and through federal calculation

Combined parent and student contribution

Determines what types of financial aid a student may be eligible to receive

Not what you owe the university – it is a number used to determine aid eligibility


FUNDING AT A GLANCE

Scholarships State, Institutional, Private

Grants or Fee Remission Federal, State, Institutional

Federal Work-Study

Loans Subsidized/Unsubsidized Federal Direct Loans Parent Loans for Undergraduate Students (PLUS)


SCHOLARSHIPS

www.uwosh.edu/fin_aid Types of Aid > Scholarships > Available

Scholarships

In addition, look to community resources: Service clubs, corporations, foundations,

high school counseling office, employers, etc.

http://www.uwosh.edu/fin_aid


FEDERAL AND STATE GRANTS (Eligibility determined

by filing FAFSA)

Federal Pell Grant, Supplement Educational Opportunity

Grant (SEOG), etc.

State of Wisconsin Higher Education Grant, Wisconsin Covenant,

Tuition Grant, Talent Incentive Program Grant, etc.


FEDERAL WORK-STUDY(Eligibility determined by filing

FAFSA)

Paid through regular bi-weekly paycheck in work-study position (not credited to bill) – student must apply for job, meet job qualifications, interview, etc.

Job Opportunities @ UW Oshkosh www.uwosh.edu/career/TitanJob

s Convenient locations and flexible

hours

http://www.uwosh.edu/career/TitanJobs

http://www.uwosh.edu/career/TitanJobs


LOAN PROGRAMS

Federal Loan Programs Subsidized Direct (Stafford) Loans Unsubsidized Direct (Stafford) Loans PLUS (parent) Loans

Private/Alternative Loans


SUBSIDIZED/UNSUBSIDIZED FEDERAL DIRECT LOANS

Student is borrower and eligibility determined by filing FAFSA

Subsidized loan eligibility is based on financial need

All federal student loans for 2012-2013 are at a 6.8%* rate

Repayment begins 6 months after graduating or dropping below half-time status

Maximum Award: $5,500 per year (ED deducts 1% fee automatically) Subsidized/Unsubsidized combined, freshman,

dependent Master Promissory Note and Loan Entrance

Counseling required – student completes at www.studentloans.gov

*U.S. Congress may take action to allow subsidized loans for 2012-2013 to be at 3.4%

http://www.studentloans.gov/


PARENT (PLUS) LOANS

Eligibility determined by filing the FAFSA, but separate application required – available on Financial Aid Office website

Not based on financial need and the parent is the borrower

Fixed 7.9% interest rate – credit check required Repayment begins 60 days after the final

disbursement (or parent may contact Direct Loan Services for deferment)

Award amount based on COA minus all other aid awarded

Master Promissory Note required by parent who applied for loan – parent completes at www.studentloans.gov

ED deducts 4% loan origination fee automatically

http://www.studentloans.gov/


PARENT (PLUS) LOAN PROCESS

Begin Parent Loan (PLUS) Processing on the Financial Aid Office website, under the Quick Links

Read the information carefully and follow the instructions.

1. Application Form

2. Parent MPN


DISBURSEMENT OF FINANCIAL AID FUNDS

The student will receive an e-mail from Student Accounts in August directing him/her to view the charges in Titan Web and the due date will be in mid-September

Financial aid awards will begin to be disbursed about one week prior to the first day of classes, which is September 5th

Loan funds are disbursed only after Loan Entrance Counseling and Master Promissory Notes are completed and correct


ADDITIONAL INFORMATION

Financial Aid Guide Includes financial aid

policies and procedures at UW Oshkosh

Financial Aid Newsletter Quarterly newsletter

presenting timely information

Satisfactory Academic Progress (SAP) To maintain eligibility

for financial aid, a student must complete 67% of all coursework, maintain a 2.00 GPA and graduate within 180 credits

www.uwosh.edu/fin_aid


FINANCIAL AID OFFICE

Office Hours:Monday – Friday7:45 a.m. – 4:30 p.m.

Counselor Walk-In Hours:

Monday – Friday

10:00 a.m. – 2:00 p.m.

www.uwosh.edu/fin_aid

Dempsey Hall 104800 Algoma Blvd.

(920) 424-3377

[email protected]

Individual appointments also available by request

http://www.uwosh.edu/fin_aid

mailto:[email protected]

Where excellence and opportunity meet.™

QUESTIONS?


FINANCIAL AID MYTH

My family’s income is too high to qualify for financial aid.

Financial aid is determined by more than just income. And,

regardless of income, a student may qualify for a student loan.


FINANCIAL AID MYTH

A student can accept the Parent (PLUS) Loan in Titan Web and the process is

complete.

A student cannot accept a parent loan. A parent would need to apply for it via a

form available on the Financial Aid website, be approved, and have a valid

MPN completed.


FINANCIAL AID MYTH

Students who are not claimed on their parents’ tax return are always

considered independent for financial aid purposes.

Dependency status is determined by the information you provide on

the FAFSA.


FINANCIAL AID MYTH

A student who does not receive a financial aid award letter through the

mail will not receive financial aid.

Award information is available in Titan Web. Most students will receive a

courtesy e-mail directing them to Titan Web to Accept/Decline awards offered.

Official award notification is in Titan Web.


FINANCIAL AID MYTH

Students who do not accept all the loans offered to them cannot request

them later.

Students should only accept the loans they need. A student could receive a loan later, if requested,

and eligibility remains.


FINANCIAL AID MYTH

It is too late to apply for financial aid.

Students may be awarded financial aid throughout the academic year.

File the FAFSA online at www.fafsa.gov.



FINANCIAL AID MYTH

Students who apply for aid this year do not need to apply again next year.

Students should file the FAFSA every year. If possible, file the FAFSA by the

March 15th priority date to be considered for limited funded programs.

Where excellence and opportunity meet.™ Financial Aid Office Odyssey 2012.

Documents

Transcript of Where excellence and opportunity meet.™ Financial Aid Office Odyssey 2012.