Financial Aid - The Evergreen State College

Report
FINANCIAL AID AND STUDENT
BILLING INFORMATION SESSION
THE EVERGREEN STATE COLLEGE
2014 ORIENTATION
Tracy Hall
Beatrice M. Sapp
Director of Financial Aid
Student Financial Services Manager
The Financial Aid Office
(360) 867-6205
1st floor of the Library building
(around the corner from Admissions)
[email protected]
http://www.evergreen.edu/financialaid
STUDENT CONTACT INFORMATION
•Students should check their Evergreen email
address regularly (daily).
•Students need to become familiar with and use
my.evergreen.edu regularly (daily).
•Keep student addresses up-to-date and current.
Addresses can be changed via my.evergreen.edu
2014 – 2015
COST OF ATTENDANCE
IN-STATE
OUT-OF-STATE
TUITION
$7,845
TUITION
$20,898
FEES
$837
FEES
$837
ROOM/BOARD
$9,492
ROOM/BOARD
$9,492
BOOKS
$1,032
BOOKS
$1,032
TRANSPORTATION $1,320
TRANSPORTATION $1,320
MISCELLANEOUS
$2,064
MISCELLANEOUS
$2,064
LOAN FEES
$213
LOAN FEES
$213
TOTAL
$22,803
TOTAL
$35,856
Attend the session regarding Washington Residency Requirements
DISBURSEMENT OF FUNDS
• Disbursed the Monday before classes begin
(September 22nd)
• Refunds processed and sent out by Student
Accounts Friday morning before the start of
term. (September 26th)
• Tuition due on Friday of the 1st week of
classes. (October 3rd)
FERPA
(Federal Education Right to Privacy Act)
Under this Federal law, school officials cannot release information in
an education record without written permission from the student.
Students can complete a FERPA consent form on my.evergreen.edu
Students may revoke (cancel) a FERPA consent at any time by
completing a new consent form.
STUDENT EMPLOYMENT
 Student can search for jobs on the Community
Opportunity Database (CODA).
 Accessible via my.evergreen.edu
 On/Off Campus Jobs and other opportunities
 Visit the Student Employment Office for more
information. Library Building, 1st Floor, Room 1102 next
to Registration.
 Attend Student Employment Workshop session, which is
offered to students throughout Orientation week.
Federal Direct Subsidized Loan
• Need-based student loan
• 4.66% Current Interest Rate
• No interest accrues while attending at least ½ time
• 6 month grace period before repayment begins
Federal Direct Unsubsidized Loan
• NON need-based student loan
• 4.66% Current Interest Rate
• Interest accrues during all periods of the loan
• 6 month grace period before repayment begins
Federal Direct Parent Plus Loan
• NON need-based loan to PARENT of a student
• Credit approval required
• 7.21% Current Interest Rate
• Interest accrues during all periods of the loan
• Repayment begins after the last disbursement
• Payments may be deferred while your child is attending at
least ½ time
Private Student Loans
• Borrowed directly from a bank or lending agency
• Not guaranteed by the Federal government
• Interest rates, fees, and terms of loan vary based on lender
• Amount borrowed cannot exceed Cost of Attendance minus
other aid.
LOAN LIMITS
Federal Direct Subsidized and Unsubsidized Annual maximum limits
Freshman
$5,500 total ($3,500 maximum subsidized)
Sophomore
$6,500 total ($4,500 maximum subsidized)
Junior/Senior
$7,500 total ($5,500 maximum subsidized)
Graduate
$20,500 total (unsubsidized only)
Independent students can borrow $4,000 - $5,000 additional unsubsidized loan
depending on grade class.
Aggregate (lifetime) loan limits
Dependent
Undergraduate
$31,000 total ($23,000 maximum subsidized or 150% of degree
of study, whichever comes first)
Independent
Undergraduate
$57,500 total ($23,000 maximum subsidized or 150% of degree
of study, whichever comes first)
Graduate/Professional
$138,500 total
Loan Resources
http://www.studentloans.gov
 Complete Direct Loan Entrance Counseling and Master Promissory
Notes for students
 Complete Direct Loan Parent Plus application and Master Promissory
Note
 Get information about Direct Loan Repayment and Direct Loan
Consolidation
 View your Financial Aid History for an overview of your cumulative
Loan Debt
 Contact your Loan Servicer IMMEDIATELY if you are having trouble
making payments. You can access your loan servicer information by
viewing your financial aid history.
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Financial Aid
Satisfactory Academic Progress (SAP)
 REQUIRED BY THE FEDERAL AND STATE GOVERNMENT, but varies by
institution
 Different than the Academic Standing Policy
 IF A STUDENT FAILS TO MEET SAP, the student will be placed on financial aid
suspension and will not be eligible for financial aid.
 A student can appeal to the Professional Judgment committee for reinstatement
of aid.
 Appeals are reviewed and approved or denied on a case by case basis.
 If a student’s appeal is approved, they could be placed on probation and
monitored every quarter for a determined amount of time.
http://www.evergreen.edu/financialaid/sapolicy_undergraduate.htm
(Satisfactory Academic Progress Policy)
http://www.evergreen.edu/registration/academicstanding.htm
(Academic Standing Policy)
Return of Funds
 REQUIRED BY THE FEDERAL AND STATE GOVERNMENT
 The law assumes that students earn financial aid awards in direct
proportion to the number of days the student attends.
 If the student withdraws OR stops attending DURING the quarter,
Evergreen MUST re-calculate the student’s eligibility based on how
many days they attended.
 This could cause the student to lose eligibility for funds they have
already received and it could result in the student owing the College,
the Federal Department of Education and/or the State of Washington.
Return of Funds Policy can be found on the Evergreen Financial Aid
website
2014-2015 Evergreen Scholarships
Scholarships post mid to late November online at
http://www.evergreen.edu/scholarships
Deadline to apply is February 2nd , 2015
Undergraduate scholarship office is located on the 1st floor of the
Library building next to Financial Aid.
Michele Elhardt
Undergraduate Scholarship Coordinator
[email protected]
(360)867-6310
FAFSA filing deadlines and information
http://www.fafsa.ed.gov
 FAFSA AVAILABLE ON JANUARY 1, 2015

EVERGREEN SCHOLARSHIP DEADLINE FEBRUARY 1, 2015
 PRIORITY FILING DEADLINE IS MARCH 1, 2015
A valid FAFSA must be PROCESSED by the Federal Processor on or
before March 1, 2015
If the Federal Processor requires you to make corrections, do so
promptly. Delaying the processing of your FAFSA will delay your
financial aid award.
If you are selected for verification, you will need to supply the financial
aid office with the necessary verification information. A delay in receiving
this information could delay your financial aid award.

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