financial aid: you can’t afford to miss this! new student orientation 2015
TRANSCRIPT
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Financial Aid:You can’t afford to miss
this!
New Student Orientation 2015
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Color Coded Happiness:
You received a half-slip indicating where you are in the process:Blue, Red, Yellow, Green, Orange• By understanding the colors, you will
understand the process.
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BLUE: You have not applied for Federal Aid
• It isn’t too late!
• www.FAFSA.gov
• It is a FREE application
• IRS Data Retrieval
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Red: Additional documentation is needed to award you Federal Aid
• Visit your PAWS account for any “To Do” items
• Processing time frames vary
• Verification, Selective Service, Citizenship
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Yellow: Your Financial Aid is in process
• Watch your PAWS account
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Green: Congratulations!!! You have been awarded Federal Aid
• You must accept your federal aid within 30 days of being awarded on your PAWS account
Now What?!
• Electronic Consent
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Orange: You were awarded but did not accept with in the 30 day window
• Email our office at: [email protected]
What should you do?
OR
• visit us tomorrow to request your funding back
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Your Financial Aid
• Gift Aid Grants or scholarships: funding that does not have to be
repaid
• Self Help Aid Federal Work Study: Work and pay for school; does not
have to be repaid. Federal Loans: funding that must be repaid after you finish
school
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Federal Direct Loans
Subsidized• Fixed interest rate of
4.29%• No interest
Unsubsidized• Fixed interest rate of
4.29%• Interest while in
schoolFor both loans, repayment begins after graduation or the student
stops attending at least half time
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Master Promissory Note and Entrance Loan
Counseling
All first time borrowers must complete this process at:
www.studentloans.gov
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Timely disbursement of Aid
• Must accept aid• Earliest payment is 10 days prior to
first day of classes• August 23rd
• Must report any outside resources:– Scholarships, DVR
• Must notify us if taking less than 12 credits
• Must complete MPN and ELC
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Everything you need in one spot:
www.financialaid.uwm.edu– Ask the Panther– The student handbook– PAWS tutorial– Presentations and Handouts
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Academic Progress
• Students are obligated to make progress towards a degree
• To measure that progress you are given a certain timeframe to complete your degree in (180 credits) with a 66.67% completion rate.
• Dropping and failing classes impact this progress
• Read the handbook for specific details
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Third Party Access
You will be able to grant access your
PAWS Account.
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Questions?
Department of Financial Aid, Student Employment and Military Education
Benefits2442 E. Kenwood Blvd
Mellencamp Hall, rm 162PO Box 469
Milwaukee, WI(414)229-4541