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Presented by: Tammy Schmidt Lisa Veliz Lesa Stanford Stacia McBride

Welcome Applicants! Midwestern University-Glendale Financing Your Health Professions Education Osteopathic Medicine. Presented by: Tammy Schmidt Lisa Veliz Lesa Stanford Stacia McBride. HOW MUCH WILL IT COST TO ATTEND MWU?. Average Annual Costs (10-Month Budget)

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Presented by: Tammy Schmidt Lisa Veliz Lesa Stanford Stacia McBride

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  1. Welcome Applicants!Midwestern University-Glendale Financing Your Health Professions Education Osteopathic Medicine Presented by: Tammy Schmidt Lisa Veliz Lesa Stanford Stacia McBride

  2. HOW MUCH WILL IT COST TO ATTEND MWU? Average Annual Costs(10-Month Budget) Figures based on 2010-11 Academic Year • $70,703 for students living with parents • $74,442 for students living on campus • $78,857 for students living off campus Cost of Attendance increases 5% to 7% annually.

  3. COST OF ATTENDANCE Includes educationally related expenses for the student only, such as: • Tuition, Books & Supplies • Insurance • Rent & transportation • Personal Expenses Cost of Attendance does not include: • Car payments, Credit Card payments • Moving expenses • Higher-than-average rent or mortgage • 1Dependent Care Expenses (Exception: 1Daycare expenses for single students or married students with working spouses)

  4. Total Cost of Attendance

  5. International Packet is mandatory for: F-1, J-1 or "Unknown" statuses. TOTAL PROGRAM COST

  6. ELIGIBILITY Federal • U.S. Citizen, Eligible Noncitizen • Selective Service Registration • No Unresolved Drug Convictions • Not in Default • Credit Check: Federal GradPLUS Private • Bankruptcy • Other Adverse Credit

  7. TYPES OF AID SCHOLARSHIPS FEDERAL WORK-STUDY LOANS

  8. Western Interstate Commission for Higher Education (WICHE) • Professional Student Exchange Program • $19,400 Support Fee for the 2010-2011 AY • For residents of selected Western States only: Arizona, Montana, New Mexico, Washington, Wyoming • http://www.wiche.edu/psep

  9. SCHOLARSHIPS Competitive, Service Commitment Required Stipends are included in Financial Aid package Air Force Health Professions Scholarship Full tuition, fees, and monthly stipend of $2,060 Contact a local recruiter (480) 226-2121 or (480) 226-2113 US Navy Health Professions Scholarship Full tuition, fees, and monthly stipend of $2,060 Contact a local recruiter (602) 254-3347 US Army Health Professions Scholarship Full tuition, fees, and monthly stipend of $2,060 Contact recruiter (602) 253-0371 or (602) 253-0371

  10. SCHOLARSHIPS • Competitive, Service Commitment Required • Stipends are included in Financial Aid package • Tuition Assistance Program-Army National Guard • $4,500 Tuition assistance • $2,060 Monthly Stipend Pay • Medical Insurance at a reduced rate • Loan Repayment and Bonus incentive upon graduation • Contact a recruiter (602) 629-4655 or (571) 265-3867 • National Health Service Corp • Full tuition, fees, and monthly stipend of $1,326 • http://nhsc.hrsa.gov/scholarship • Contact NHSC at 1-800-221-9393

  11. INSTITUTIONAL AID • MWU’s Spirit of Service Scholarship • Need-based aid • $3500 to $5,000 • Continuing students only • Apply early • For additional scholarship listings and searches, visit: http://www.midwestern.edu/finaid

  12. FEDERAL WORK-STUDY • On-Campus • Community Service (on or off campus) • $1,000 per year • $9.00/hr on-campus • $11.00/hr Community Service • Indicate Work-Study interest on FAFSA

  13. FEDERALLOANS • PERKINS(subsidized loan) • Based on eligibility of neediest students • Amounts vary from $2,500 to $3500 • Apply before priority deadline • STAFFORD: (subsidized/unsubsidized loan) • Automatically awarded with FAFSA application • Annual limit $42,722 • Aggregate limit $224,000 • GRAD PLUS:(Credit-based loan) • Covers the remainder up to cost of attendance.

  14. PRIVATE LOANS • Variable interest rates • Repayment grace period • No cap on interest rate • Limited number of private lenders • May require co-signer • Credit check is required for consideration of both GradPLUS and private loan programs Review credit report annually www.annualcreditreport.com **See Comparison Chart for Federal Grad PLUS and Private Loans

  15. APPLICATION PROCESS • Apply for financial aid online as soon as matriculation deposit is made • Financial Aid tab available via MWUNET (full online application instructions) • Living expense refunds disbursed during week after class begins • Please come prepared with one month’s living expenses! • Check your MWU e-mail and Message Board for Notifications *Priority Deadline (Early April)

  16. CONTACT US Office Hours: Monday-Friday 8:00 to 4:30 Phone- (623) 572-3321 Fax- (623) 572-3283 Federal School Code – E00906 azfinaid@midwestern.edu

  17. QUESTIONS

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