financial aid · “money you work for” →students must state interest on the fafsa →funding...

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Financial Aid FUTURE ROADRUNNERS

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Page 1: Financial Aid · “Money You Work For” →Students must state interest on the FAFSA →Funding based on demonstrated financial need →Eligible students should coordinate with

Financial Aid

FUTURE ROADRUNNERS

Page 2: Financial Aid · “Money You Work For” →Students must state interest on the FAFSA →Funding based on demonstrated financial need →Eligible students should coordinate with

Will Moody

Hey, I’m

Page 3: Financial Aid · “Money You Work For” →Students must state interest on the FAFSA →Funding based on demonstrated financial need →Eligible students should coordinate with

StateAid

FederalAid

UTSA Institutional

Aid

Grants → Scholarships → Work Study → Loans

Financial AidTypes of

Page 4: Financial Aid · “Money You Work For” →Students must state interest on the FAFSA →Funding based on demonstrated financial need →Eligible students should coordinate with

FA L L T E R M

DeadlinesFinancial Aid

January 15Priority Deadline

S P R I N G T E R M November 11Priority Deadline

Oct 1FAFSA Opens

Page 5: Financial Aid · “Money You Work For” →Students must state interest on the FAFSA →Funding based on demonstrated financial need →Eligible students should coordinate with

Apply for a

FSA IDFill out the

FAFSAFile FAFSA

Every Yearstudentaid.ed.gov www.fafsa.ed.gov Opens Oct 1

Financial AidApplying for

Page 6: Financial Aid · “Money You Work For” →Students must state interest on the FAFSA →Funding based on demonstrated financial need →Eligible students should coordinate with

Income Tax1040, 1040A, 1040EZ

IdentificationFSA IDs, SSN,

Birthdate, Name

Bank AccountsSaving & Checking

Information

Real EstateBusiness, farm, real

estate records (not the home you live in)

InvestmentRecords of stocks, bonds, investments

W-2sWage and Salary

What you NeedInfo to Gather

Page 7: Financial Aid · “Money You Work For” →Students must state interest on the FAFSA →Funding based on demonstrated financial need →Eligible students should coordinate with

Online

FAFSAApplication

IRS

TaxForms

Retrieval ToolIRS Data

An Easier Way to Fill out your FAFSA!

Page 8: Financial Aid · “Money You Work For” →Students must state interest on the FAFSA →Funding based on demonstrated financial need →Eligible students should coordinate with

Special Circumstancesand Professional JudgmentSee your institution’s Financial Aid Office

Dependent vs

Independent

Age of Oldest Parent

Income & Assets

Household Size

Number in College

What is EFC?Expected Family Contribution

Page 9: Financial Aid · “Money You Work For” →Students must state interest on the FAFSA →Funding based on demonstrated financial need →Eligible students should coordinate with

Cost of Attendance

(COA)

Financial Need

Expected Family

Contribution(EFC)

Financial NeedDetermining Your

Page 10: Financial Aid · “Money You Work For” →Students must state interest on the FAFSA →Funding based on demonstrated financial need →Eligible students should coordinate with

Tuition and Fees $9,900

On-Campus Housing & Meals $11,578

Books + Supplies $1,500

Transportation $676

Personal Expenses $1,836

Total Estimates COA $25,490

18-19 ESTIMATED FULL-TIME (Fall/Spring)Texas Resident, Living on Campus

Costof Attendance

Your costs will vary but

this is what UTSA uses

to determine Financial

Aid Awards.

Page 11: Financial Aid · “Money You Work For” →Students must state interest on the FAFSA →Funding based on demonstrated financial need →Eligible students should coordinate with

Must Submit a FAFSA!

GrantsType of Aid

“Free Money”

→ Federal Pell Grant

→ Federal SEOG Grant

→ Texas Public Education Grant (TPEG)

→ Texas Excellence Grant

→ UTSA Grant

→ TEACH Grant

Page 12: Financial Aid · “Money You Work For” →Students must state interest on the FAFSA →Funding based on demonstrated financial need →Eligible students should coordinate with

Merit vsNeed-Based

ScholarshipsType of Aid

“Free Money”

→ UTSA General Scholarship Application

→ On ApplyTexas!

→ Deadline: Jan 1 (freshmen) Feb 15 (transfer)

→ Major/College Specific

→ utsa.edu/scholarships

→ Local/Outside Scholarships

→ High School or Community

→ fastweb.com

Page 13: Financial Aid · “Money You Work For” →Students must state interest on the FAFSA →Funding based on demonstrated financial need →Eligible students should coordinate with

“Money You Work For”

→ Students must state interest on the FAFSA

→ Funding based on demonstrated financial need

→ Eligible students should coordinate with the

Career Center to find on-campus employment

→ Positions are not guaranteed.

→ May not work more than 15 hours per week

→ Funds are limited and paid as earned

Work-StudyType of Aid

Make sure to Tell us!

Page 14: Financial Aid · “Money You Work For” →Students must state interest on the FAFSA →Funding based on demonstrated financial need →Eligible students should coordinate with

LoansType of Aid

“Money You Pay Back”

→ Federal Subsidized Stafford Loan

→ Federal Unsubsidized Stafford Loan

Separate Application Required

→ Federal Parent PLUS Loan

→ Alternative Loan

Think Financial Literacy

Page 15: Financial Aid · “Money You Work For” →Students must state interest on the FAFSA →Funding based on demonstrated financial need →Eligible students should coordinate with

Reduce Amount

Borrowed

Responsible Borrowing

Loan Portfolio

Borrow What you

Need

Exhaust Federal Aid

First

Money SmartsFinancial Literacy

Page 16: Financial Aid · “Money You Work For” →Students must state interest on the FAFSA →Funding based on demonstrated financial need →Eligible students should coordinate with

Graduate on TimeFinish in 4 Years

Course CompletionComplete your Classes!

Make the GradesMaintain 2.0 GPA

Keep EligibilitySatisfactory Academic Progress

Page 17: Financial Aid · “Money You Work For” →Students must state interest on the FAFSA →Funding based on demonstrated financial need →Eligible students should coordinate with

One StopUTSA