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Financial Aid

Financial Aid. Preview Days Fall 2013 209.946.2421 s financialaid@pacific.edu. www.pacific.edu/financialaid. Net Price Calculator.

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Financial Aid

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  1. Financial Aid Preview Days Fall 2013 209.946.2421 s financialaid@pacific.edu www.pacific.edu/financialaid

  2. Net Price Calculator Using the net price calculator, your information will generate an estimate of the financial aid package awarded to students with similar characteristics. www.pacific.edu/financialaid

  3. Financial Aid at Pacific • Total Aid: >$150 million(Stockton campus, 2012-2013) • Includes over $50 million in University funds • More than 80% of our students receive financial aid • Financial aid includes • Scholarships and grants • Loans • Work-study

  4. Academic Scholarships/Freshmen • Powell Scholars Program$35,000 • Additional support for undergraduate research, study abroad • Application deadline: December 1 go.Pacific.edu/PowellScholars • Regents’ Scholarship$10,000 • President’s Scholarship$6,500 www.pacific.edu/financialaid

  5. Need-Based Grants & Scholarships • Federal Pell Grant • Federal SEOG • Cal Grant A / Cal Grant B(California residents) • University Grants/ UOP Grants www.pacific.edu/financialaid

  6. Federal Student Loans & Work-Study • Federal student loans • Low interest rates and flexible repayment terms • Repayment begins after the student leaves school and the grace period has expired • Federal work-study • Part-time employment during the school year www.pacific.edu/financialaid

  7. Financial Eligibility • Estimated academic year Costs of Attendance • Tuition and other actual and estimated costs • Net Price Calculator • Expected Family Contribution (EFC) • Calculated on the basis of FAFSA information using formulas prescribed by the federal government • Financial Need • Most aid is for students who demonstrate financial need • Exceptions:PLUS Loan(parents), Unsubsidized Stafford Loan Your eligibility can vary from school to school!

  8. In summary . . . • Financial aid “package” • Students often qualify for funds from more than one financial aid program—a financial aid package • Scholarship recipients may qualify for aid in addition to the academic award • Federal PLUS Loan (Application Online) • For parents of dependent undergraduate students • FAFSA required www.pacific.edu/financialaid

  9. FAFSA (Free Application for Federal Student Aid) • Collects information about finances and other circumstances • Used to determine financial eligibility for federal, state, and University aid • Submit through Federal Student Aid processor • File online at www.fafsa.gov(FAFSA on the Web) • No charge to file! www.studentaid.ed.gov

  10. FAFSA(continued) • List at least one California college or university • Sign with student and parent PINs • Eliminates need to print and mail a signature page • First day to file (online or paper):January 1, 2014 Keep a copy of your completed FAFSA. Online filers, be sure to print and save the confirmation page. If you file a paper FAFSA, get a Certificate of Mailing at the post office. www.fafsa.ed.gov

  11. Cal Grants: “It takes two forms” • Financial eligibility(FAFSA) • Verified Cal Grant GPA • Some schools submit GPAs electronically • Others have students use the paper GPA form (available at California Student Aid Commission Web site) • Ask your high school for instructions! • Application Deadline(FAFSA & GPA):March 2 www.csac.ca.gov

  12. Application Checklist: Now • Apply for admission • Get PINs: www.pin.gov • Cal Grant GPA Verification • Mail completed form or confirm that school will submit GPA Utilize the University of the Pacific Net Price Calculator to estimate potential award package.

  13. Application Checklist: January • File 2014-2015 FAFSA • Pacific’s school code: 001329 • Priority FAFSA filing date: February 15 • Apply on time—don’t wait for an admission decision • Use estimated2013 income figures if necessary Reminder: Submit Cal Grant GPA by March 2

  14. After you apply . . . • Federal Student Aid Report (SAR) • Check carefully against completed 2013 tax returns and submit corrections if necessary • California Aid Report (CAR) • Notifies Cal Grant recipients of award value • Financial Aid Award • Pacific will begin sending award notices by April 1. • Follow all instructions for receiving the funds awarded To make sure SAR email isn’t blocked add FederalStudentAid to address book

  15. 2013 Income Documentation • U.S. Federal Tax Transcript • 2013 Federal Tax Return Transcript • Include W-2 forms • Send copies to Pacific Financial Aid Office **The FAFSA also offers “data retrieval” Non-filer’s Statement • Submit this form if you will not file a 2013 income tax return Not part of initial application process but required for disbursement

  16. To contact us . . . Financial Aid Office s Knoles Hall Open Monday–Friday, 8:30–5:00 Counselors available (except Wednesday mornings) 9:30–12:00 and 1:00–4:00 209.946.2421 • financialaid@pacific.edu www.pacific.edu/financialaid

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