Presentation Transcript

1. TCNJ Financial Aid Processeducational opportunity fundJUNIOR AND SENIOR YEAR By Dionne L. Hallback Associate Director Office of Student Financial Assistance Revised 4/30/2014
2. 2014-2015 FAFSA Online application: www.fafsa.ed.gov File the FAFSA by May 15, 2014 before you leave for the end of the Spring semester
3. Hesaa – eof, TAG and additional questions June 1st is the deadline to all TAG renewal students to have the FAFSA on file. IF YOU DON’T HAVE FAFSA ONFILE YOU ARE INELIGIBE FOR EOF AND TAG!!! “HESAA Additional Questions: Option A: Click the option to answer the ‘State Application’ on the FAFSA Confirmation page Option B: Log-in to www.hesaa.organd click the ‘red triangle’
4. MONITOR YOUR tcnj EMAIL AND PAW ACCOUNT DURING THE SUMMER
5. Financial Aid Timeline
6. Grants Pell Grant: Federal grant awarded on the basis of need and college costs. 2014-2015 Current year minimum/maximum: $602 - $5730 Tuition Aid Grant (TAG): State grant awarded on the basis of need, cost of attendance and available funding. Current year minimum/maximum: $2516 - $8768 (the new award amounts for 2014-2015 are not announced until July 1st) NJ ED Opportunity Fund (EOF): Standard EOF grant awarded to all students in the program. 2014-2015: $1150 (commuter) and $1400 (on campus) Supplemental Opportunity Grant (SEOG):Awarded to the neediest students as defined by the FAFSA. Current year: $1500 (the new award amounts for 2014-2015 are not announced until mid-June)
7. EOF Incentive Scholarship Junior Year Senior Year Questions regarding the EOF Incentive Scholarship can be directed to Joan Pageau at pageau@tcnj.edu or 609-771-3142
8. Loan Programs *Students must complete a separate application for these loan programs. Application should be completed in June/July to ensure the loan is processed and awarded by August.
9. ALTERNATIVE LOANS TIPS/KEY TERMS
10. Direct Stafford Loans Dependent Students Independent Student
11. Alternative Loans(TCNJ does not certify any alternative and/or private loan unless a FAFSA is on file.) SallieMae www.SallieMae.com/tcnj Citizens www.CitizensBank.com/trufitstudentloan Discover www.DiscoverStudentLoans.com Wells Fargo www.WellsFargo.com/student See the Financial Aid website for Alternative Loan List & Online Loan Comparison Tool
12. Private Scholarships FinAid.org www.finaid.org The College Board www.collegeboard.com FastWeb.com www.fastweb.com GoCollege.com - The Collegiate Websource www.gocollege.com
13. Installment Payment Plan Office of Student Accounts TuitionPay Payment Plan Features No interest. Nominal enrollment fee for the annual payment plan and for each semester payment plan. No credit check or co-signer needed (this is NOT a loan). TuitionPay can be used to pay for fall or spring semester study abroad programs. Semester or Annual Payment Plans Undergraduate Students – 10 Month Annual or 5 Month Semester The first five payments are credited to the Fall billing statement and the second five payments are credited to the Spring billing statement. The payment plan contract is from July to April. The payments are due on the 25th of every month. Check with the Office of Student Accounts regarding the enrollment deadline which is usually in August or September. Enrollment can be completed by phone (1-800-635-0120), or on the web at (https://tuitionpay.salliemae.com/tcnj). Consult the Office of Student Accounts (OSA) for additional questions. OSA is located in Green Hall 119 or call 609-771-2172, email: stuacct@tcnj.edu.
14. Books Reminder your EOF Promise Book Stipend ends your Sophomore year!
15. Financial aid and Budgeting on campus EXAMPLE Any financial aid awarded after the Initial Award the student must apply for except the EOFP Incentive Award.
16. Financial aid and budgetingliving off campus EXAMPLE What are your expenses for living off campus? Example: Fall semester (5 months) Reminder: Refund checks are not issued until the following: Fall semester: mid-September Spring semester: mid-February
17. Summer Financial Aid Financial Aid for Summer Programs Students Complete the 2014 TCNJ Summer Session Financial Aid Application in PAWS. Instructions are on our website: http://financialaid.pages.tcnj.edu/sources-of-financial-aid/financial-assistance-for-summer-programs-students/ File the 2013-2014 FAFSA or Renewal FAFSA if is not already on file. Your financial aid file must be complete by June 28th You must have made satisfactory academic progress at the end of the Spring semester to be considered for Summer assistance. Must be enrolled half-time Undergraduate students - enrollment hours of at least 1.5 units Graduate students - enrollment hours of at least 5 credits Types of Financial Aid Federal Stafford Loans – based on remaining eligibility from the previous academic year. Federal Direct Plus Loan Denial – if not used during the academic year Private Loans – students will need a co-signer unless parent or another third party applies for the loan. Private scholarships
18. QUESTIONS
19. Contact Information The Office of Student Financial Assistance Green Hall – Room 101 Dionne L. Hallback or Tom Foga 609-771-2211 osfa@tcnj.edu www.tcnj.edu/~sfs/aid/