govs r.o.w. 2015. applying for financial aid www.fafsa.gov  opens january 1 st  2015-2016...

Download Govs R.O.W. 2015. Applying for Financial Aid www.fafsa.gov  Opens January 1 st  2015-2016 FAFSA applies to:  Fall 2015  Spring 2016  Summer 2016

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  • Slide 1
  • Govs R.O.W. 2015
  • Slide 2
  • Applying for Financial Aid www.fafsa.gov Opens January 1 st 2015-2016 FAFSA applies to: Fall 2015 Spring 2016 Summer 2016 Can be completed before taxes have been filed Use estimated figures Make corrections with accurate figures after taxes are filed Must be completed every year
  • Slide 3
  • Verification Your Response is Urgent! Random selection; notified by e-mail Verifies the FAFSA is correct You cannot be awarded until Verification is complete If selected, we need: Verification Worksheet (completely filled out) 2014 IRS Tax Return Transcriptsnot Tax Returns Can be loaded into FAFSA with IRS Data Retrieval Can also be found at irs.gov Other documents as requested Check your AP e-mail even after turning in documents!
  • Slide 4
  • Financial Aid Award Announced as early as April Can be checked through : AP OneStop AP e-mail If you receive outside resources: Must Report it to Financial Aid using the Additional Resources form Scholarships Discounts Benefits This can prevent over-awarding on your account (over-awards sometimes result in billings to the student)
  • Slide 5
  • Cost of Attendance A tool for Financial Aid Located on OneStop under Award Overview Not your billing statement Calculated as the average amount students need for the following all added together: Tuition & Fees Books & Supplies Room & Board Misc. Expenses Used as your budget for financial aid
  • Slide 6
  • Tennessee Hope Lottery Scholarship www.collegepaystn.com GPA Requirements 2.75 at 24 and 48 attempted credit hours 3.0 beyond 48 attempted hours Enrollment Requirements If you registered full-time, stay at full-time Failure to remain at full-time could result in a permanent loss of the scholarship If you lose your lottery scholarship: Appeal Only with extenuating circumstances (cannot appeal due to GPA) Regain Every 24 attempted credit hours
  • Slide 7
  • Tennessee Promise Available at APSU Currently estimated at $2,079 per semester The amount of the award may be reduced if other forms of gift aid are received, including Lottery, Pell & TSAA Must be seeking an Associates Degree Must perform required community service hours prior to the beginning of the semester its received Must maintain satisfactory academic progress
  • Slide 8
  • Satisfactory Academic Progress Financial Aid is based on: GPA Completion rate of classes (Pace) Overall progress toward graduation Failure to maintain satisfactory academic progress will result in the cancellation of financial aid
  • Slide 9
  • Readiness Checklist
  • Slide 10
  • Authorization Form Optional Allows excess financial aid to be applied to: Bookstore debit program Health services Parking tickets Etc. May be completed online at: AP OneStop Web Self Service Financial Aid Eligibility Authorization Form
  • Slide 11
  • Enrollment Intentions Needed every year Required so our office plans for the correct budget Financial Aid is based on: Enrollment hours Length of coursework Attendance throughout the year The Enrollment Intentions form can prevent over- awarding on your account (over-awards sometimes result in billings to the student)
  • Slide 12
  • Enrollment Intentions
  • Slide 13
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  • Failure to enroll the hours you indicate could result in a billing to your account.
  • Slide 18
  • Terms & Conditions Also needed yearly Reminds you of important rules regarding aid Located at: Onestop.apsu.edu Web Self Service Financial Aid & Veterans Affairs Eligibility Terms and Conditions Lottery recipients have a separate Statement of Understanding as well
  • Slide 19
  • Loans Accepting your offers The offered amount is for the entire aid year Whatever you accept will automatically be split between the Fall and Spring semesters If you plan on attending in summers, leave enough loans remaining to be applied to the Summer semester
  • Slide 20
  • Loans Steps to Take
  • Slide 21
  • Loans
  • Slide 22
  • Slide 23
  • Whatever you accept will split between Fall and Spring If you accept a partial amount, the remainder can be picked up later through an Adjustment Form or in the Summer semester
  • Slide 24
  • Readiness Checklist Revisited
  • Slide 25
  • Loans Additional Requirements Direct Loan Entrance Counseling Reviews all loan regulations Master Promissory Note You affirm that you are responsible for repaying your loans Both must be completed at studentloans.gov Loans will not pay out unless these requirements have been completed Good for 10 years
  • Slide 26
  • Debt Management Borrow Responsibly Aggregate Loan Limits the total you can borrow Undergraduate Dependent = $31,000 Undergraduate Independent = $57,500 Graduate = $138,500 Maxing out on loans each year and taking more than 4 years to graduate could cause you to exhaust your limits BEFORE you graduate. The average loan debt upon graduation: $25,000
  • Slide 27
  • Any Questions? Ellington Building, Room 216 apsu.edu/financialaid (931) 221-7907 Welcome to APSU!