financing your college education. we are accredited by acics (accreditation for independent colleges...
TRANSCRIPT
Financing Your College Education
We are accredited by ACICS (Accreditation for Independent Colleges And Schools) and
regulated by the Department of Education and the Texas Higher Education Coordinating Board.
Why Go to College? For a good job and
better pay
Unemployment Rate in
2010
Level of Education
Average Earnings in
2010
10.3% High School graduate, no college
$39,988
9.2% Some college, no degree
$46,228
7.0% Associate degree $49,764
5.4% Bachelor’s Degree $72,020Source: Bureau of Labor Statistics, Current
Population Survey, unpublished tables , 2011
Prepared?
College Savings
•Save or Borrow
•Prepaid Tuition Plans
•529 Education Savings Plans
•Dual Credit Programs
•Credit by Examination
Cost of Education Sample
Tuition/Fees $ 11,900
Books & Supplies $ 600 - $1,400 ( OPTIONAL )
Dorm $ 2,400 - $4,800 ( OPTIONAL )
Meal Service $ 2,700 - $3,300 ( OPTIONAL )
NAU is comparable to other traditional local universities.
Types of Financial Aid
• Scholarships• Grants• Work Study• Veteran’s
Benefits• Loans
Rewards for Good Grades!
ScholarshipsNAU Institutional Scholarships
• Merit-based scholarships available for all incoming and existing students that attend NAU
• Awards up to $11,000!!
• Scholarship eligibility re-evaluated before each Fall semester
• Asset Scholarship based upon eligibility and on a first-come basis.
• Renewal and GPA Success Scholarships available to continuing students.
• Foundation - $11,000 per year
• Board - $9,000 per year
• President - $7,000 per year
• Provost - $6,000 per year
• NAU - $4,000 per yearTalk with Admissions for eligibility and scholarship
application.
Private ScholarshipsNAU strongly encourages students to apply for private scholarships
•Fastweb.com
•Collegeboard.com
•Scholarships.com
Be sure to check eligibility requirements and deadlines
2014 – 2015 FAFSA• Visit www.fafsa.gov to
complete your Free Application for Federal Student Aid (FAFSA)
• Enter NAU school code:
041795• Apply for Pin at
www.pin.gov
• Helpful tutorials on website
IRS Data Retrieval Tool• FAFSA requires tax
information for you, your parent(s), and spouse, if applicable.
• In order to insure accuracy, use the IRS Data Retrieval Tool to transfer the tax information from the IRS directly onto your FAFSA
Federal Pell Grant
Up to $5730
Pell Grant 2014-2015A Federal Pell Grant is a need based grant that does not have to be repaid. Your eligibility will be determined based on the results of your FAFSA.
Federal Work Study is a need-based employment program providing on-campus jobs to students. Your eligibility will be
determined based on the results of your FAFSA.
Federal Work Study
Veteran’s Benefits
Chapter 33 – Post 9/11 GI Bill
Chapter 30 – Montgomery GI Bill (MGIB-AD)
Chapter 35 – Dependents Educational Assistance (DEA)
Chapter 31 – Vocational Rehabilitation
Chapter 1606 – Montgomery GI Bill – Selected Reserve (MGIB-SR)
Chapter 1607 – Reserve Educational Assistance Program (REAP)
There are a variety of GI Bill education benefits
that can be used at NAU
Veterans and those with GI Bill and Department of Defense entitlements are
processed through our financial aid office.
Federal Direct Loans
Dependent Independent
Freshmen $5,500 ($3,500)
$9,500 ($3,500)
Sophomore $6,500 ($4,500)
$10,500 ($4,500)
Junior & Senior $7,500 ($5,500)
$12,500 ($5,500)
Maximum Amount $31,000 ($23,000)
$57,500 ($23,000)
Subsidized & Unsubsidized Direct Stafford
Of the maximum amount, the numbers in parentheses represents the total amount that may be subsidized.
Federal Direct Loans are borrowed funds lent by the U.S. Department of Education that must be repaid. Your
eligibility will be determined based on the results of your FAFSA and NOT your credit history.
Financial Aid &
ScholarshipAward Sample
See your complete
financial package
Satisfactory Academic Progress
Satisfactory progress in attendance and
academic work is a requirement for all
students enrolled in NAU in order to continue to receive Financial
Aid.
See Student Handbook for additional requirements
Next Steps ….• Apply for Institutional and Private
Scholarships
• Visit www.fafsa.gov to complete your Free Application for Federal Student Aid (FAFSA) NAU school code: 041795
• Upon admission, receive Estimated Award Letter from Financial Aid Office
Contact Financial Aid
Amy GiapDirector of Financial
Aid832-230-5555 Ext 126
Don’t Wait. Visit us Today.
Tia SimonFinancial Aid Advisor832-230-5555 Ext 156
Sandra MakinanoFinancial Aid Advisor832-230-5555 Ext 227