Financial aid 101

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

2. Types of financial aid • Federal Aid: PELL Grant, Subsidized Stafford Loan, Unsubsidized Stafford Loan, Perkins Loan, Parent PLUS Loan, Federal Work-Study • State Aid: Texas Excellence Grant, TPEG (Texas Public Education Grant), State Work-Study • Institutional Aid: UTSA Grant, Scholarships, Institutional Work-Study

3. The first step… • Apply for PIN @ www.pin.ed.gov • Fill out your FAFSA @ www.fafsa.ed.gov • Fill out beginning January 1st • UTSA FAFSA Priority Deadline: March 15th

4. Fafsa provides… • Expected Family Contribution (EFC): Determines the family’s ability to contribute towards the student’s education • (EFC Calculation ~ Same no matter what school student attends) • Grant and Loan eligibility

5. COST OF ATTENDANCE

6. grants • Texas Excellence Grant: • First degree-seeking undergraduates • First come, first served • 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: • First come, first served • Must be a Texas Resident • Need based • UTSA

7. Scholarships • Apply for General Scholarships with the General Scholarship Application • Freshmen -www.applytexas.org • Continuing Students – www.utsa.edu/scholarships • Check with your college/department for other scholarships • Utilize Outside Donors • Surf the Net (www.fastweb.com) • Check companies and community organizations • UTSA Outside Scholarship Form

8. loans • Subsidized Stafford Loan: Interest is paid by Department of Education while you are in school • Maximum per 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

9. Work study • Federal, State, and Institutional Work Study available • Must state interest on FAFSA • Awarded to students with demonstrated need • Funds are limited for all three programs • Student should coordinate with the Career Center to find on-campus employment

10. UTSAccess • Available to first-time Freshmen, who are Texas residents • Annual family income and wages of $30,000 or less • Any assets must be worth less than $50,000 • Guaranteed grants and / or scholarships to cover tuition and mandatory fees for 4 years • Must complete the FAFSA and be admitted to UTSA by the March 15th Priority Deadline • Must complete 24 credit hours per academic year (at least 12 credit hours in Fall and Spring) • Must maintain a 2.0 cumulative GPA

11. Satisfactory academic progress • Must maintain a 2.0 Cumulative GPA • 67% completion rate of attempted hours • i.e. Fall = 12 hours / Spring = 12 hours • Total Attempted = 24 hours • Must complete 17 hours • Maximum hours attempted must not exceed 1 ½ times the required number of hours necessary to earn degree • i.e. Undergraduate Program = 120 hours x 1.5 = 180 hours

12. Contact information 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