financial aid preview days fall 2015 209.946.2421 [email protected]
TRANSCRIPT
Net Price CalculatorUsing the net price calculator, your information will generate an estimate of the financial aid package awarded to students with similar characteristics. www.pacific.edu/financialaid
Financial Aid at Pacific
Total Aid: >$160 million (Stockton campus, 2014-2015)
Includes over $60 million in University funds More than 85% of our students receive financial aid
Financial aid includes Scholarships and grants Loans Work-study
Academic Scholarships/Freshmen Powell Scholars Program $36,000
Additional support for undergraduate research, study abroad Application deadline: December 1
Go.Pacific.edu/PowellScholars
Regents’ Scholarship* $10,000.00
President’s Scholarship* $6,500.00
Provost’s Scholarship $4,000.00
* Awards are supplemented with additional merit programs that will increase base scholarship by $2,500.00-$5000.00
www.pacific.edu/financialaid
Need-Based Grants & Scholarships
Federal Pell Grant
Federal SEOG
Cal Grant A / Cal Grant B (California residents)
University Grants/ UOP Grants
www.pacific.edu/financialaid
Federal Student Loans & Work-Study
Federal student loans Low interest rates and flexible repayment terms Repayment begins after the student leaves school
and the grace period has expired
Federal work-study Part-time employment during the school year
www.pacific.edu/financialaid
Financial Eligibility
Estimated academic year Costs of Attendance Tuition and other actual and estimated costs Net Price Calculator
Expected Family Contribution (EFC) Calculated on the basis of FAFSA information using formulas
prescribed by the federal government
Financial Need Most aid is for students who demonstrate financial need Exceptions: PLUS Loan (parents), Unsubsidized Stafford Loan
Your eligibility can vary from school to school!
Total Cost
s
EFC
Unmet
Need
Eligibility cont.
Financial aid “package” Students often qualify for funds from more than one
financial aid program—a financial aid package Scholarship recipients may qualify for aid in addition
to the academic award
Federal PLUS Loan (Application Online)
For parents of dependent undergraduate students FAFSA required
www.pacific.edu/financialaid
FAFSA (Free Application for Federal Student Aid)
Collects information about finances and other circumstances
Used to determine financial eligibility for federal, state, and University aid
Submit through Federal Student Aid processor
File online at www.fafsa.gov (FAFSA on the Web)
No charge to file!
www.studentaid.ed.gov
FAFSA (continued)
List at least one California College or University
Sign with student and parent FAFSA ID
Your FSA ID is used to sign legally binding documents electronically. It has the same legal status as a written signature. Don't give your FSA ID to
anyone—not even to someone helping you fill out the FAFSA.
First day to file (online or paper): January 1, 2016
www.fafsa.ed.gov
Cal Grants: “It takes two forms”
Financial eligibility (FAFSA)
Verified Cal Grant GPA Some schools submit GPAs electronically Others have students use the paper GPA form
(available at California Student Aid Commission Web site)
Ask your high school for instructions!
Application Deadline (FAFSA & GPA): March 2
www.csac.ca.gov
Application Checklist: Now
Apply for admission
FAFSA ID: www.fafsa.gov
Cal Grant GPA Verification Mail completed form or confirm that school will submit GPA
Utilize the University of the Pacific Net Price Calculator to estimate potential award package.
Application Checklist: January
File 2016-2017 FAFSA Pacific’s school code: 001329
Priority FAFSA filing date: February 15
Apply on time—don’t wait for an admission decision
Use estimated 2015 income figures if necessary
Data Retrieval Tool (DRT)
Reminder: Submit Cal Grant GPA by March 2
After you apply . . .
Federal Student Aid Report (SAR) Check carefully against completed 2015 tax returns and submit
corrections if necessary
California Aid Report (CAR) Notifies Cal Grant recipients of award value
Financial Aid Award Pacific will begin sending award notices by April 1. Follow all instructions for receiving the funds awarded
To make sure SAR email isn’t blocked add FederalStudentAid to address book
2015 Income Documentation
U.S. Federal Tax Transcript 2015 Federal Tax Return Transcript Include W-2 forms Send copies to Pacific Financial Aid Office
**The FAFSA also offers “data retrieval”
Non-filer’s Statement Submit this form if you will not file a 2015 income tax return
Not part of initial application process but required for disbursementMATERIALS NOT RECEIVED BY 7/01/2016 MAY CAUSE A DELAY IN DISBURSEMENT
Upcoming Changes to the FAFSA
Starting in the 2017-2018 year: FAFSA will collect “Prior-Prior Year Data” FAFSA will open earlier in October vs.
January Colleges will be able to notify new
Freshman (current HS Juniors)of their award offers earlier
https://collegescorecard.ed.gov/
Compare University Costs, Loan Debt, Average Earnings and much more!
1. Never rule out a college because of cost alone.
2. Compare costs before applying — Net price calculators can provide an
estimate of financial aid eligibility and remaining college costs. Net price
calculators should be available on every college's website.
3. Compare awards — Look at grants, loans, and parental contributions
before making a final decision on a college.
4. Speak to the Financial Aid Office for changes in the household or
other unusual financial circumstances
Best Practices
To contact us . . .
Financial Aid Office s Knoles HallOpen Monday–Friday, 8:30–5:00
Counselors available (except Wednesday mornings)
9:30–12:00 and 1:00–4:00
209.946.2421 • [email protected]
www.pacific.edu/financialaid