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Money Matters !

Presented by: Office of Financial Aid. Money Matters !. A4400 UNIVERSITY CENTER TALLAHASSEE, FL 32306 Office Hours 8:30 AM-5:00 PM PHONE – (850) 644-0539 FAX - (850) 644-6404 www.financialaid.fsu.edu Email: ofacs@admin.fsu.edu FAFSA school code: 001489.

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Money Matters !

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  1. Presented by: Office of Financial Aid Money Matters!

  2. A4400 UNIVERSITY CENTER TALLAHASSEE, FL 32306 Office Hours 8:30 AM-5:00 PM PHONE – (850) 644-0539 FAX - (850) 644-6404 www.financialaid.fsu.edu Email: ofacs@admin.fsu.edu FAFSA school code: 001489 The Office of Financial Aid is located at

  3. What is financial aid? • Who is eligible? • How do you apply? • Award types? • How were my awards determined? • How do I view my awards? • How do I accept my awards? • What about Scholarships and outside resources? • Are JOBS available? • What is the bottom line, How much should my check be? • Financial aid tips! Money Matters!

  4. Money used to assist you with funding your education. What is financial aid?

  5. Everyone! Who is eligible?

  6. Complete the Free Application for Federal Student Aid online at www.fafsa.ed.gov • Early, January 1 (funds are limited) • Renewal your application every January 1 • A Federal Pin number is needed for electronic signature on the FAFSA for both student and parent. Apply at www.pin.ed.gov • Estimated Tax information is accepted How do you apply?

  7. www.fafsa.ed.gov www.pin.ed.gov Application websites

  8. Federal Grants (financial need) • Pell • SEOG • TEACH • Federal Work Study (financial need) • Federal Loans • Perkins (financial need) • Stafford • Subsidized (financial need) • Unsubsidized • State Grants (financial need) • FSAG • First Generation (CARE STUDENTS ONLY) • University Grants Award types applied for by completing the FAFSA?

  9. The federal processor collected all of your information provided on the FAFSA such as; you and your parent’s income, number of people in the household, number of students in college, etc. and established your Family’s Expected Contribution to your education cost. EFC How is my application processed?

  10. The expected family contribution received from completing the FAFSA is subtracted from the students cost of attendance to determine the financial need. COA -EFC FINANCIAL NEED How were my awards determined?

  11. What FAFSA do I complete? Summer 2011 2010-2011 FAFSA + FSU institutional summer financial aid application located on your financial aid student toolkit on blackboard Fall 2011 and Spring 2012 2011-2012 FAFSA

  12. Your financial aid status is available online through the FSU Blackboard system. Check it anytime, from anywhere that you have secure internet access. Follow these simple directions: Log on to Blackboard at http://campus.fsu.edu Select "Secure Apps" Located along the top furthest to the right. Select "Financial Aid Student Toolkit" Incoming and Prospective students who have applied for admission should log in using the FSUID provided during the admissions process. How do I view my awards?

  13. Summer Awards are posted HERE!

  14. View your financial aid status via financial aid student toolkit • READ Terms and Conditions for financial aid • Check for outstanding documents • Print and submit to the office of financial aid ASAP • View & BUDGET • Accept, Decline, or Reduce your awards • You may contact our office for changes • Click on SAVE CHANGES How do I accept my awards?

  15. 1 out of 3 students is selected for verification and will be required to submit additional documents to OFA, please submit documents ASAP. • All awards are estimated pending the verification process and therefore are subject to change • Your outside resources could affect your current awards, please report them via your student tool ASAP • You must be enrolled in at least 6 credit hours to receive financial aid. • You must have an Accounts Refund Setup completed to receive your financial aid, please complete this via your student toolkit. EFT is highly recommended! REMINDER!!

  16. Accept loan via office of financial aid student toolkit • Complete • Loan Entrance Counseling • Master Promissory Note www.StudentLoans.gov • Federal Parent Plus Loan • Complete: • FAFSA (if not all ready of file) • Direct Loan Federal Plus Loan Application online at www.studentloans.gov • Direct Loan Master Promissory note for parents • Parent Authorization Statement (must be on file before disbursement) For more details please visit our website. http://financialaid.fsu.edu/aid/loans/Plus.html Accepting Loans?

  17. Florida State University Scholarships • Automatically reviewed when you applied for admissions to the university • Private Scholarships • Report to OFA via student’s financial aid toolkit • Research will continue while you are enrolled • FSU financial aid website at: www.finaid.fsu.edu • Local organization (rotary clubs, Kiwanis clubs, fraternities, sororities, churches, and banks) • Academic department of interest • Ask other students • Google Search What about Scholarships and outside resources?

  18. Florida Bright Futures Scholarships • Academic pays $101 per credit hour • Maintain a 3.0 cumulative GPA and complete 24 credit hour per year • Medallion/Gold Seal pays $76 per credit hour • Maintain a 2.75 cumulative GPA and complete 24 credit hours per year • Offer amount based on 15 credits per term • actual payment based on enrolled hours • All Classes dropped after drop and add MUST be REPAID • Does NOT pay for Summer *Rates are based on 2011 legislative action – pending final action What about Scholarships and outside resources?

  19. Federal Work Study • Will be awarded via your financial aid file based on demonstrated financial need and available funds. • Not Awarded Work Study • Visit the FSU Career Center online job board at: http://www.career.fsu.edu • Part-time job fair being held September 1, 2011 check the site for more details. Need a Job?

  20. You tell us: What are your financial aid awards? • How many hours are you taking? ______ • What is your housing choice? ______ • What is your dining choice? ______ • How much is your health insurance? _______ • How much are your books? _______ • Bottom Line Total _______ How much do I write the check for?

  21. Apply EARLY, January 1st using estimated tax info • Check your financial aid status • Submit requested documents ASAP • Know YOUR Cost • Set a realistic budget and stick to it • Exhaust all other alternatives before borrowing • Only borrow what you need • Keep records of your loan debt www.nslds.gov • Avoid credit card debt • If financial circumstances change contact the office of financial aid Financial Aid TIPS!

  22. Questions? OFA will be available for questions from 3:00-4:10!

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