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Financial Aid 101

Financial Aid 101. Office of Student Financial Aid and Enrollment Services. Types of Aid. Grants Scholarships Work Study Loan s. Applying for Financial Aid. Information to Gather. Submit FAFSA Using Estimated Figures. Financial Information-IRS Data Retrieval Tool.

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Financial Aid 101

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  1. Financial Aid 101 Office of Student Financial Aid and Enrollment Services

  2. Types of Aid Grants Scholarships Work Study Loans

  3. Applying for Financial Aid

  4. Information to Gather

  5. Submit FAFSA Using Estimated Figures

  6. Financial Information-IRS Data Retrieval Tool

  7. Information Used to Determine the EFC Special Circumstances & Professional Judgment See your institution’s Financial Aid Office

  8. Cost of Attendance (COA)

  9. How Schools Determine Awards Grants Scholarships Work Study Loans __ ___ __ COA-EFC=NEED need= types of aid awarded

  10. UTSA Awarding Philosophy • Availability of Funds • Demonstrated Financial Need • Academic Performance • New Student Admittance to the University by March 15 for Fall Semesters • UTSA's Receipt of a FAFSA by March 15 • For General Scholarships: Receipt of the General Scholarship Application by February 15

  11. Grants • Texas Excellence Grant: • First degree-seeking Undergraduates • Date of FAFSA is considered • Graduated HS recommended or distinguished • Have EFC of $4000 or less • Must be a Texas resident • Must enroll at least ¾ time • Making Satisfactory Academic Progress • UTSA Grant: • Date of FAFSA is considered • Must be a Texas Resident • Need based

  12. Scholarships

  13. Work Study • Must state interest on FAFSA • Awarded to students with demonstrated need • Funds are limited and paid as earned • Student should coordinate with the Career Center to find • on-campus employment • Positions not guaranteed

  14. Loans • Subsidized Stafford Loan: Interest is paid by Department of Education while you are in school • Maximum for freshman year = $3500 • Unsubsidized Stafford Loan: Interest begins to accrue when the loan is taken out, so students must decide to make interest payments or allow interest to roll into principle balance • Maximum Sub/Unsub combined per year = $5500 • Parent PLUS Loan: Parent credit worthiness is assessed; repayment begins 60 days after the second disbursement • Alternative Loan: Credit worthiness; Variable credit

  15. Satisfactory Academic Progress 120 hours x 1.5 = 180!

  16. Contact Us! The University of Texas at San Antonio Office of Student Financial Aid and Enrollment Services One UTSA Circle San Antonio, TX 78249 (210) 458-8000 1-800-669-0919 financialaid@utsa.edu www.utsa.edu/financialaid

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