1 / 16

Financial Aid and Scholarships

Financial Aid and Scholarships. Partners in Success Key Points. Communicate and collaborate with your student and our office. Action must be taken by meeting all required deadlines. Timing is everything!

randall-schmidt
Download Presentation

Financial Aid and Scholarships

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Financial Aid and Scholarships

  2. Partners in Success Key Points • Communicate and collaborate with your student and our office. • Action must be taken by meeting all required deadlines. Timing is everything! • Top priority for student to regularly check UC Merced email account throughout entire calendar year.

  3. What is Financial Aid? Money given, paid or loaned to help your student pay for their college education

  4. Financial Aid Application • Free Application for Federal Student Aid (FAFSA) • Required for federal, state and institutional need-based aid • Must re-submit between Jan. 1st and Mar. 2nd of every year! • OR if applicable, file • California Dream Act Application • Required for state and institutional need-based aid • Must re-submit between Jan. 1st and Mar. 2nd of every year! • Continuing Students: Must also submit a Continuing Student Scholarship Application to be considered for scholarships. Also due March 2nd

  5. Notification: One paper notification then e-mails

  6. UC Merced Direct Costs Worksheet

  7. The Bottom Line 4) How much do I owe? Fall Semester 1 Estimated-actual fees may vary and Non-resident students pay an additional amount 2 Based on double occupancy, Meal Plan A

  8. MY.UCMERCED.EDU

  9. My Checklist

  10. Parent Authorization for Information Student must authorize us to speak to parents regarding their financial aid. Only has to be done one-time.

  11. Parent PLUS Loan • If you are planning to borrow a PLUS loan, complete each step of the process: • Have your student accept the loan in their MyFinancialAid site • Complete PLUS Request Process and Master Promissory Note with the Department of Education • Parent information on our website: http://financialaid.ucmerced.edu/node/73 3) Outside Aid needs to be coordinated with our office (i.e. outside agency scholarships). It is important that we know about these.

  12. www.studentloans.gov

  13. Disbursement of Aid • Money is disbursed in at least two disbursements: • Half in Fall • Half in Spring • First Disbursement: • 10 days prior to the first day of instruction • Money disbursed directly to student account • Applied to allowable charges first • Any remainder will be refunded to student

  14. Partners in Success Key Points • Communicate and collaborate with your student and our office. • Action must be taken by meeting all required deadlines. Timing is everything! • Top priority for student to regularly check UC Merced email account throughout entire calendar year.

  15. Final Thoughts • Students need to regularly check e-mail and visit MyFinancialAid often for updated information. • “Like” us on  Facebook & “follow” us on  Twitter. • Students receiving any type of financial aid (loans, grants, scholarships, etc.) should not withdraw without talking to the Financial Aid Office. We are required to recalculate a student’s eligibility based on the number of days they attended and the student may owe money back to the University. • Make the Grade, Keep the Aid!

More Related