Transcript Presentation - Graduate and Professional Student Council

Arizona’s First University.
Welcome to
The University of Arizona
Graduate Scholarships &
Financial Aid
This Should Already Be Done
Items to be Completed By Now (but it’s not too late…)
 The 2011-2012 FAFSA (Free Application for Federal Student Aid) should
have been completed by March 1, 2011. If not, then do this step as soon
as possible to be awarded federal aid and possible need based aid.
Department of Education can take up to 10 business days to process.
 NEW! The University of Arizona Office of Scholarships and Financial Aid
website for all scholarships: scholarshipuniverse.arizona.edu. You
must be accepted to the University and have a NetID and password to
access and start applying for scholarships.
 Explore the Graduate College web page for additional scholarships @
grad.arizona.edu/financial-resources.
 Scholarships and Financial Aid office website @ financialaid.arizona.edu.
 The FAFSA and all scholarship searches should be free.
Cost of Attendance
Standard Cost of Attendance for Graduate Students
Academic Year Expenses
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Tuition: $9228/$17316
Room/Food: $11,360
Books/Supp: $1000
Travel: $3420
Misc.: $3500
Total: $28608/$ 36696
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Based on 6 units/semester
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Expenses calculated through
survey; the total is only an estimate
and may vary from student to
student.
Factors that affect the
Standard COA
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Special Programs
(tuition)
Childcare
Out of pocket medical
expenses…..
How is Aid Awarded?
Schools use the EFC (Estimated Family Contribution),
that is determined by the FAFSA ( Department of
Education) to process your award and determine the
type of aid you are eligible for.
How do I inform OSFA of my intended enrollment?
• Minimum federal unit requirement for graduate loans
is 5 units. If you are in less than 5 units, you do not
qualify for federal loans.
• If a graduate student is enrolled in 3 units of 900 level
(dissertation) units, you must notify our office every
semester you are enrolled(Fall and Spring) by either
emailing us at [email protected] or by calling
our main office phone number: (520) 621-1858.
Office Hours Monday- Friday, 8 a.m. to 4 p.m.
Federal Work Study
Off Campus Work Study criteria
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Non-profit Organization
How to accept FWS and what the Agency has to do
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Agency must submit their complete 501(c)3 to the Office of Scholarships
and Financial Aid (OSFA) verifying its tax-exempt status.
Agency fills out the Organization Participation Agreement and turns that
and pertinent tax information into the Financial Aid Office to keep on file.
Student and Agency will sign the FWS Authorization form (to be turned
into the Financial Aid Office.)
Student needs to keep track of the hours they have worked.
Financial Aid award is split between fall and spring semesters.
Summer Federal Work Study
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Student must fill out the Summer Evaluation form (available online after
Spring break.)
Graduate PLUS Loan
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Graduate PLUS loan – is available to students if the student has
remaining eligibility after the direct loans have been offered/accepted.
Graduate plus loans need to be requested at the Financial Aid office.
Our office can award up to the difference in the Cost of Attendance
minus all financial aid awarded(internal/external).
Graduate plus loans are credit based. If you have adverse credit, you
will be denied. Check you credit first, before requesting a graduate plus
loans from our office. Please visit:
www.ftc.gov/bcp/edu/pubs/consumer/credit/cre34.shtm or by visiting our
website: https://financialaid.arizona.edu/loans/protect .
Graduate Plus Loans require an additional Master Promissory note,
different from the Direct Loan one.
Graduate Plus Loan entrance counseling is required(even if you have
completed one for the Federal Stafford Loans in the past.)
TEACH
TEACH Grant
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“Grant” can provide up to $4000 a year for students who plan on becoming
teachers and are able to meet certain additional requirements.
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The grant can be provided for up to two years or $8,000 maximum.
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Must be “degree seeking” Masters student, (not certificate student).
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Failure to meet any requirement results in “grant” converting to Direct
unsubsidized loan with interest accruing from the first disbursement date
Some of the requirements include:
– Students complete four years of teaching (within 8 years of degree
completion) as a “highly qualified teacher” in a Title I school, and in a “high
need field”
– Students report to the Department of Education regarding the intentions
and/or fulfillment of program requirements.
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The TEACH website is https://financialaid.arizona.edu/grants/teach.aspx. If
interested, submit a completed Teach grant application to Office of Scholarships
and Financial Aid.
Loan Process
Accepting your Stafford and/or Graduate PLUS Loan
What does that mean? 1-2-3 Step Process
Academic Progress
Office of Scholarships and Financial Aid monitors students for federal
compliance for Satisfactory Academic Progress(SAP) every term
(fall, spring, summer)
The three SAP standards are:
• Qualitative Standard (GPA) 3.0
• Pace (Quantitative/Unit completion):
Pace = Cumulative number of hours (credit hours) that you have successfully completed
Cumulative number of hours (credit hours) that you have attempted
• Timeframe (150%) University of Arizona sets a maximum timeframe in
which you are expected to finish a program. Graduate college monitors
this requirement.
Satisfactory Academic Progress(SAP) policies can be reviewed at
www.financialaid.arizona.edu
Resource Re-Evaluations
I am no longer working/
your standard cost of attendance
does not meet my expenses…….
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FAFSA uses information from the previous calendar year. If you
have a special circumstance, contact our office to see if you
qualify for a “special circumstance” or “professional judgment.”
such as a student resource re-evalution.
Office of Student Financial Aid
How to Contact Us?
In person: Office of Scholarships and Financial Aid,
Admin Bldg.
Email: [email protected]
Phone: (520)621-1858, Monday – Friday, 8a.m.to 4 p.m.
Fax: 520. 621.9473