2014 Orientation Presentation Powerpoint

Report
Presented by:
Office of Financial Aid
MONEY MATTERS!
THE OFFICE OF FINANCIAL AID IS LOCATED AT
A4400 UNIVERSITY CENTER
TALLAHASSEE, FL 32306
Office Hours 8:30 AM-5:00 PM
PHONE – (850) 644-0539
FAX - (850) 644-6404
www.financialaid.fsu.edu
Email: [email protected]
FAFSA school code: 001489
MONEY MATTERS!
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What is financial aid?
Who is eligible?
How do you apply?
Award types?
How were my awards determined?
How do I view my awards?
How do I accept my awards?
What about Scholarships and outside resources?
Are JOBS available?
What is the bottom line, How much should my check be?
Financial aid tips!
WHAT IS FINANCIAL AID?
Money used to assist you with funding your
education.
WHO IS ELIGIBLE?
Everyone!
HOW DO YOU APPLY?
Complete the Free Application for Federal
Student Aid online at www.fafsa.ed.gov
 Early, January 1 (funds are limited)
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 Renewal
your application every January 1
A Federal Pin number is needed for electronic
signature on the FAFSA for both student and
parent. Apply at www.pin.ed.gov
 Estimated Tax information is accepted
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WWW.FAFSA.ED.GOV
APPLICATION WEBSITES
WWW.PIN.ED.GOV
AWARD TYPES APPLIED FOR BY COMPLETING
THE FAFSA?
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Federal Grants (financial need)
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Pell
SEOG
TEACH
Federal Work Study (financial need)
Federal Loans
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Perkins (financial need)
Stafford
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State Grants (financial need)
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Subsidized (financial need)
Unsubsidized
FSAG
First Generation (CARE STUDENTS ONLY)
University Grants
HOW IS MY APPLICATION PROCESSED?
The federal processor collected all of your
information provided on the FAFSA such as; you
and your parent’s income, number of people in
the household, number of students in college,
etc. and established your Family’s Expected
Contribution to your education cost.
EFC
HOW WERE MY AWARDS DETERMINED?
The expected family contribution received from
completing the FAFSA is subtracted from the
students cost of attendance to determine the
financial need.
COA
-EFC
FINANCIAL NEED
WHAT FAFSA DO I COMPLETE?
Summer 2011
Fall 2011 and Spring 2012
2010-2011 FAFSA
+
FSU institutional summer
financial aid application
located on your financial
aid student toolkit on
blackboard
2011-2012 FAFSA
Student/Parent
Complete FAFSA
ONLINE
EFC is
Determined
SAR Data sent to
schools
Awards are posted
Check your Status
FSU Determines
Awards student is
eligible to receive
Campus.fsu.edu under secure
apps financial aid student
toolkit
HOW DO I VIEW MY AWARDS?
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Your financial aid status is available online through the FSU
Blackboard system. Check it anytime, from anywhere that
you have secure internet access.
Follow these simple directions:
Log on to Blackboard at http://campus.fsu.edu
Select "Secure Apps" Located along the top furthest to the
right.
Select "Financial Aid Student Toolkit"
Incoming and Prospective students who have applied for
admission should log in using the FSUID provided during the
admissions process.
HOW DO I ACCEPT MY AWARDS?
View your financial aid status via financial aid
student toolkit
 READ Terms and Conditions for financial aid
 Check for outstanding documents
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Print and submit to the office of financial aid ASAP
View & BUDGET
 Accept, Decline, or Reduce your awards
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You may contact our office for changes
Click on SAVE CHANGES
REMINDER!!
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1 out of 3 students is selected for verification and will
be required to submit additional documents to OFA,
please submit documents ASAP.
All awards are estimated pending the verification
process and therefore are subject to change
Your outside resources could affect your current awards,
please report them via your student tool ASAP
You must be enrolled in at least 6 credit hours to receive
financial aid.
You must have an Accounts Refund Setup completed to
receive your financial aid, please complete this via your
student toolkit. EFT is highly recommended!
ACCEPTING LOANS?
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Accept loan via office of financial aid student toolkit
Complete
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Loan Entrance Counseling
Master Promissory Note
www.StudentLoans.gov
Federal Parent Plus Loan
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Complete:
 FAFSA (if not all ready of file)
 Direct Loan Federal Plus Loan Application online at www.studentloans.gov
 Direct Loan Master Promissory note for parents
 Parent Authorization Statement (must be on file before disbursement)
For more details please visit our website.
http://financialaid.fsu.edu/aid/loans/Plus.html
WHAT ABOUT SCHOLARSHIPS AND OUTSIDE
RESOURCES?
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Florida State University Scholarships
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Automatically reviewed when you applied for
admissions to the university
Private Scholarships
Report to OFA via student’s financial aid toolkit
 Research will continue while you are enrolled
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 FSU
financial aid website at: www.finaid.fsu.edu
 Local organization (rotary clubs, Kiwanis clubs, fraternities,
sororities, churches, and banks)
 Academic department of interest
 Ask other students
 Google Search
WHAT ABOUT SCHOLARSHIPS AND OUTSIDE
RESOURCES?
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Florida Bright Futures Scholarships
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Academic pays $101 per credit hour
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Medallion/Gold Seal pays $76 per credit hour
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Maintain a 2.75 cumulative GPA and complete 24 credit hours per year
Offer amount based on 15 credits per term
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Maintain a 3.0 cumulative GPA and complete 24 credit hour per year
actual payment based on enrolled hours
All Classes dropped after drop and add MUST be REPAID
Does NOT pay for Summer
*Rates are based on 2011 legislative action –
pending final action
NEED A JOB?
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Federal Work Study
 Will
be awarded via your financial aid file based on
demonstrated financial need and available funds.

Not Awarded Work Study
 Visit
the FSU Career Center online job board at:
http://www.career.fsu.edu
 Part-time
job fair being held September 1, 2011 check
the site for more details.
YOU TELL US:
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WHAT ARE YOUR FINANCIAL AID AWARDS?
How many hours are you taking?
______
What is your housing choice?
______
What is your dining choice?
______
How much is your health insurance?
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How much are your books?
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Bottom Line Total
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HOW MUCH DO I WRITE THE CHECK FOR?
FINANCIAL AID TIPS!
 Apply
EARLY, January 1st using estimated tax info
 Check your financial aid status
 Submit requested documents ASAP
 Know YOUR Cost
 Set a realistic budget and stick to it
 Exhaust all other alternatives before borrowing
 Only borrow what you need
 Keep records of your loan debt www.nslds.gov
 Avoid credit card debt
 If financial circumstances change contact the office of
financial aid
Questions?
OFA WILL BE AVAILABLE FOR QUESTIONS FROM 3:00-4:10!

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