Transcript Parent`s Orientation - UNM Valencia Campus

UNM-Valencia
Financial Aid
Financial Aid
What Is Financial Aid?
• Scholarships
• Grants
• Loans
• Student Employment
opportunities
Financial Aid is Available…
from the following:
•Federal
government
•State of New
Mexico
•University of New
Mexico
•Tribal agencies
•Scholarships
Free Application for Federal Student
Aid (FAFSA)
 File the FAFSA on the Web at:
www.fafsa.gov
 UNM’s priority
filing date is March 1st
To complete the FAFSA you will need:
•Social Security Number
•Taxed and Untaxed Income
•Family information
•File your taxes as early as possible
•You may use estimated tax
information to meet the priority date
Cost of Attendance
•Tuition and Fees
•Room and Board
•Books and Supplies
•Transportation
•Miscellaneous
•Costs vary between universities
Expected Family Contribution
EFC is a term used in the college financial aid process
in the United States to determine an applicant's
eligibility for federal student aid.
You can find your EFC on the
Student Aid Report that is mailed
to you after you complete your
FAFSA.
What is Financial Need?
Cost of attendance
minus
Expected family
contribution
equals
“Financial need”
UNM VC Undergraduate Budget
2014/2015
Dependent
student
living with
parent
Dependent
student
living off
campus
Independent
student
living Off
campus
Tuition & Fees
1562
1562
1562
Room & Board
2858
7948
9058
Books & Supply
1064
1064
1064
Transportation
1660
1660
1792
Miscellaneous
1860
3044
3286
$8756
$13846
$15474
Total
Scholarships
• Eligibility requirements vary
• May require FAFSA
• Deadlines and application
procedures vary
• Where can I find scholarships?
• Internet: www.fastweb.com
• Scholarship Office
• Check with your tribal higher
education office
Grants
• Does not have to be paid back
• Usually awarded on the basis of financial
need
• Federal Pell Grant
• Federal Supplemental Educational
Opportunity Grant (SEOG)
• State Student Incentive Grant (SSIG)
• UNM Legislative Grants
Loans
• Money students and parents
borrow to help pay educational
expenses.
• Repayment usually begins six
months after graduation
• Subsidized Stafford
• Unsubsidized Stafford
• Parent Loan (PLUS)
Student Employment
Allows students to
earn money to
help pay
educational costs
• Workstudy (Need & No-Need)
• Requires FAFSA
• Student Employment
• No FAFSA needed
Student Employment Website
http://unmjobs.unm.edu
Satisfactory Academic Progress
(SAP)
Federal regulations require that students
maintain satisfactory academic progress.
•2.0 Cumulative GPA
•67% Completion Average
•150% of Required Degree Hours
Bridge to Success Scholarship
• Complete a FAFSA- Must be Non Pell Grant Eligible
• Be a New Mexico resident Graduated from a NM
Public (or accredited private) high school or a NM
GED recipient
• Enrolled full-time at the UNM-Valencia Campus
• Must have a 2.5 GPA or 166 on GED
• Awarded first semester of attendance only
Legislative Lottery
Scholarship
Pays tuition only
Begins 2nd semester
No application required
Requirements:
•NM Resident
•Received a NM high school diploma
or NM GED
•Full-time student (12credit hours)
•Minimum 2.5 GPA
NOTE: Lottery is only available for 3 semesters at UNM-Valencia and repeated
courses are not considered in the required 12 credit hours.
UNM-Valencia
Financial Aid Website
http://vc.unm.edu/finaid/finaid.htm
LoboWeb
Enter LoboWeb through https://my.unm.edu
Self-Service - LoboWeb
Keeping Track of your Aid
• Lifetime Pell Grant Eligibility
• Loan Eligibility
National Student Loan Data System (NSLDS)
http://nslds.ed.gov
Important Web Sites
Financial Aid
https://my.unm.edu
http://vc.unm.edu/finaid/finaid.htm
Scholarships
http://www.fastweb.com
Loan Counseling and Promissory notes
https://studentloans.gov
FAFSA on the Web
http://www.fafsa.ed.gov
http://finaid.org