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Financial Aid

Financial Aid. Profile Day Spring 2012 209.946.2421 s financialaid@pacific.edu. www.pacific.edu/financialaid. Financial Aid at Pacific. Total Aid : >$ 150 million (Stockton campus, 2011-2012) Includes over $50 million in University funds

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Financial Aid

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  1. Financial Aid Profile Day Spring 2012 209.946.2421 s financialaid@pacific.edu www.pacific.edu/financialaid

  2. Financial Aid at Pacific • Total Aid: >$150 million(Stockton campus, 2011-2012) • Includes over $50 million in University funds • More than 80% of our students receive financial aid • Financial aid includes • Scholarships and grants • Loans • Work-study

  3. Need-Based Grants & Scholarships • Federal Pell Grant • Federal SEOG • Cal Grant A / Cal Grant B(California residents) • Pacific matches Cal Grants, provided that the student qualifies financially and the combined awards are not in excess of the student’s actual tuition charges. • University awards www.pacific.edu/financialaid

  4. Cal Grants: “It takes two forms” • Financial eligibility(FAFSA) • Verified Cal Grant GPA • Some schools submit GPAs electronically • Others have students use the paper GPA form (available at California Student Aid Commission Web site) • Ask your high school for instructions! • Application Deadline(FAFSA & GPA):March 2 www.csac.ca.gov

  5. Federal Student Loans & Work-Study • Federal student loans • Low interest rates and generous repayment terms • Repayment begins after the student leaves school and the grace period has expired • Federal work-study • Part-time employment during the school year www.pacific.edu/financialaid

  6. Financial Eligibility • Estimated academic year Costs of Attendance • Tuition and other actual and estimated costs • Expected Family Contribution (EFC) • Calculated on the basis of FAFSA information using formulas prescribed by the federal government • Financial Need • Most aid is for students who demonstrate financial need • Exceptions:PLUS Loan(parents), Unsubsidized Stafford Loan Your eligibility can vary from school to school!

  7. In summary . . . • Financial aid “package” • Students often qualify for funds from more than one financial aid program, thus afinancial aid package • Scholarship recipients may qualify for aid in addition to the academic award • Federal PLUS Loan (Application Online) • For parents of dependent undergraduate students • FAFSA required - 7.9% interest rate • Presented loan amount is not actual or actual loan www.pacific.edu/financialaid

  8. FAFSA (Free Application for Federal Student Aid) • Collects information about finances and other circumstances • Used to determine financial eligibility for federal, state, and University aid • Submit through Federal Student Aid processor • File online at www.fafsa.gov(FAFSA on the Web) • No charge to file! www.studentaid.ed.gov

  9. FAFSA(continued) • List at least one California college or university • Sign with student and parent PINs • Eliminates need to print and mail a signature page • Pacific’s FAFSA school code: 001329 Keep a copy of your completed FAFSA. Online filers, be sure to print and save the confirmation page. If you file a paper FAFSA, get a Certificate of Mailing at the post office. www.fafsa.ed.gov

  10. Application Checklist: Now • Get PINs: www.pin.gov • Cal Grant GPA Verification • Mail completed form or confirm that school will submit GPA • 2012-2013 FAFSA Worksheet Estimate eligibility for federal aid: FAFSA4caster Scholarship search: www.collegeboard.com, www.fastweb.com

  11. After you apply . . . • Federal Student Aid Report (SAR) • Check carefully against completed 2011 tax returns and submit corrections if necessary • California Aid Report (CAR) • Notifies Cal Grant recipients of award value • Financial Aid Award • Pacific will begin sending award notices by April 1. • Follow all instructions for receiving the funds awarded To make sure SAR email isn’t blocked add FederalStudentAid to address book

  12. 2011 Income Documentation • U.S. income tax returns • Complete, signed copies of parent and student 2011 tax returns or 2011 IRS Transcript • All schedules and attachments, including W-2 forms • Send copies to Pacific Financial Aid Office Non-filer’s Statement • Submit this form if you will not file a 2011 income tax return Not part of initial application process but required for disbursement

  13. Viewing your FA package • Prospective students:Step 1 - Go to insidepacific.pacific.eduStep 2 - Enter your PacificNet ID and passwordStep 3 - Go to the Undergraduate Financial Aid Awards and Requirements section and select the access linkStep 4 - Select the Financial Aid Options - Click Here link to navigate to the Financial Aid main menuStep 5 - Select the Award By Aid Year linkStep 6 - Select 2012-13 Financial Aid Year from the drop down menu and click the "submit” buttonStep 7 - Select the Award Overview tab • Note: Your PacificNet ID and initial default password is located on the second page of your Admission offer letter.

  14. Accepting your FA award • How to Accept your FA awardStep 1 - Click on View Financial Aid AwardStep 2 - Click on Award By Aid Year, select the aid year and click SubmitStep 3 - Click on Accept Award Offer tabStep 4 - Click the arrow on the drop-down box by the loan you want to accept and select AcceptStep 5 - Click on the Submit Decision button • Note: If you want to accept the full amount of all of your awards click on the Accept Full Amount All Awards button.

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  17. Importance of Accepting your FA • Affects billing • Impacts University Payment plans • Loans take time (2-3 Business days) • Master Promissory Note • Entrance Counseling https://studentloans.gov • Disbursement (& Refund?)

  18. Need help? Contact us: Financial Aid Office s Knoles Hall Open Monday–Friday, 8:30–5:00 Counselors available (except Wednesday mornings) 9:30–12:00 and 1:00–4:00 209.946.2421 • financialaid@pacific.edu www.pacific.edu/financialaid

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