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Balancing Acts

Balancing Acts. Student Financial Aid 0210 Beardshear Hall (515)294-2223 E-mail: financialaid@iastate.edu http://www.financialaid.iastate.edu Become a fan on . Overview. Estimated Cost of Attendance Types of Financial Aid Developing a Personal Budget

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Balancing Acts

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  1. Balancing Acts Student Financial Aid 0210 Beardshear Hall (515)294-2223 E-mail: financialaid@iastate.edu http://www.financialaid.iastate.edu Become a fan on

  2. Overview • Estimated Cost of Attendance • Types of Financial Aid • Developing a Personal Budget • AccessPlus & Financial Aid

  3. Estimated Cost of Attendance 2011-2012 This information is listed on the back of the checklist you received today

  4. Types of Aid Available • File FAFSA every year Free Application for Federal Student Aid Apply online at www.fafsa.gov • Iowa State University’s annual priority deadline is March 1 • Monitor the status of your FAFSA at ISU FAFSA Status Page in AccessPlus

  5. Types of Aid Available: GRANTS • Money that does not need to be repaid • Based on FAFSA information Must show financial need Must file before March 1 for most grants • Examples: ISU Grant, FSEOG, Pell Grant

  6. Types of Aid Available: SCHOLARSHIPS • Money that does not need to be repaid • Search & apply for scholarships every year Deadlines can be early in the spring semester • Drop scholarship checks off at 0410 Beardshear Hall

  7. Types of Aid Available: WORK-STUDY • Money does not need to be repaid • Must file FAFSA before March 1 Must demonstrate financial need • Student must work to earn money Money paid directly to student • Student Job Board on AccessPlus Work-Study & non Work-Study positions listed

  8. Types of Aid Available: STUDENT LOANS • Borrowed money You must repay after graduation • In student’s name No co-signer for federal loans • Must file FAFSA for all federal loans

  9. Types of Aid Available: STUDENT LOANS * The Subsidized Stafford Loan rate is fixed at 3.4% for the 2011-2012 year. Interest rates for Subsidized Stafford Loans may change in future school years.

  10. Type of Aid Available: STUDENT LOANS

  11. Securing Federal Student Loans • Refer to your “Financial Aid Checklist” for details • Complete Entrance Counseling • Complete Master Promissory Note (MPN) • Stafford Loans: www.studentloans.gov • Perkins Loans: AccessPlus

  12. Types of Aid Available: PARENT LOANS

  13. Financial Planning Resources • Discuss as a family what will work best for you • Use AccessPlus to adjust or decline aid you don’t need • Check our website for help planning www.financialaid.iastate.edu “PLANNING” on the menu bar • Expenses Estimator • Informational Videos • Financial Aid Checklist & Timeline

  14. AccessPlus & Financial Aid

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