Transcript TCNJ Financial Aid Process After Promise

TCNJ FINANCIAL AID
PROCESS
EDUCATIONAL
OPPORTUNITY FUND
JUNIOR AND SENIOR
YEAR
Oc tober 21 , 2013
By
Dionne L. Hallback

Online application: www.fafsa.ed.gov

2014-2015 FAFSA available on or after January 1, 2014

Application completed each academic year.

FAFSA on the Web Worksheet- Get a P.I.N. at
www.pin.ed.gov.

Complete the ‘state application’ for New Jersey on the
FAFA confirmation page.

Do not pay for help completing the FAFSA!
NEW JERSEY
ADDITIONAL INFORMATION QUESTIONS
Higher Education Student
Assistance Authority
(HESAA)
New Jersey requires additional data
elements, other than what is reported on
the FAFSA, to determine a student’s
eligibility for a Tuition Aid Grant (TAG)
award, NJ STARS & NJ STARS II and
Governor’s Urban Scholarship.
These elements include:
 Driver license information
 Veterans education benefits
(independent students)
 Untaxed Social Security benefits
 Earned income credit
Once students have completed the
FOTW, they must select the second
option on the confirmation page to report
this information to HESAA.
FINANCIAL AID TIMELINE
FAFSA
Verification
and Awarding
Billing and
De-Registration
•FAFSA is available January 1st
•Complete your FAFSA by March 15th
•HESAA requires all continuing students FAFSA on file by June 1st
•April – Verification process begins: check your PAWS To Do List and
TCNJ Email
•June - Awarding begins for continuing students on a weekly basis
•July – Fall bill email notifications are sent (Office of Student Accounts)
•August – Fall bill is due
•August – De-Registration
GRANTS
 Pell Grant: Federal grant awarded on the basis of need and college
costs.
 Current year minimum/maximum: $749 - $5645
 Tuition Aid Grant (TAG): State grant awarded on the basis of need ,
cost of attendance and available funding.
 Current year minimum/maximum: $2516 - $8768
 NJ ED Oppor tunity Fund (EOF): Standard EOF grant awarded to all
students in the program.
 Current year awards: $1150 (commuter) and $1400 (on campus)
 Supplemental Oppor tunity Grant (SEOG): Awarded to the neediest
students as defined by the FAFSA .
 Current year: $1500
EOF INCENTIVE SCHOLARSHIP
Junior Year
Level
Amount
Units
CGPA
Level 1
$500.00
12
2.250
Level 2
$1,000.00
13.75
2.500
Level 3
$3,000.00
15
2.750
Level 4
$5,000.00
16
3.000
Senior Year
Level
Amount
Units
CGPA
Level 1
$500.00
18
2.250
Level 2
$1,000.00
20
2.500
Level 3
$3,000.00
22
2.750
Level 4
$5,000.00
24
3.000
Questions regarding the EOF Incentive Scholarship can be directed to
Joan Pageau at [email protected] or 609-771-3142
PRIVATE SCHOLARSHIPS
 FinAid.org
 www.finaid.org
 The College Board
 www.collegeboard.com
 FastWeb.com
 www.fastweb.com
 GoCollege.com - The Collegiate Websource
 www.gocollege.com
LOAN PROGRAMS
Loan
Application
Process
Interest
Fees
Amount Borrowed
Stafford
FAFSA
3.86%
1%
Depends on academic
year
Perkins
FAFSA
5%
0
Managed by the
FA Office ($3,000)
NJ Class*
HESAA.org
Option 1: 5.49%
Option 2: 6.65%
Option 3: 8.05%
3%
Up to cost of attendance
Parent PLUS*
PLUS Application
6.41%
4.204%
Up to cost of attendance
**If the parent is denied the
students are awarded
additional Federal Direct
Unsubsidized Loan
($5000.00 as a junior or
senior)
(TCNJ Financial Aid
Website under
Online Services)
Alternative*
Lender Application
See lender website
No
Up to cost of attendance
*Students must complete a separate application for these loan programs. Application should be
completed in June/July to ensure the loan is processed and awarded by August.
DIRECT STAFFORD LOANS
Dependent Students
Independent Student
ALTERNATIVE LOANS
( T C N J D O E S N O T C E R T I F Y A N Y A LT E R N AT I V E A N D / O R P R I VAT E L O A N
U N L E S S A FA F S A I S O N F I L E . )
 SallieMae
www.SallieMae.com/tcnj
 Citizens
www.CitizensBank .com/trufitstudentloan
 Discover
www.DiscoverStudentLoans.com
 Wells Fargo
www.WellsFargo.com/student
 See the
Financial Aid
website for
Alternative
Loan List &
 Online Loan
Comparison
Tool
BOOKS
Reminder your
EOF Promise
Book Stipend
ends your
Sophomore
year!
2014/2015 CHANGES
Major Changes
Mother/Stepfather & Father/Stepmother changed to “Parent 1”and “Parent
2”, new wording #88 and #89
Parents unmarried and both living together, new response in question #59
IRS Data Retrieval option is not available for married parents filing separately
and not available for unmarried parents who are both living together.
Revised Question #59 to read, “As of today, what is the marital status of your
legal parents?”
Revised “Single” to “Never Married”
Added a new response, “Unmarried and both parents living together”
FINANCIAL AID AND BUDGETING
ON CAMPUS EXAMPLE
Any financial aid awarded after the Initial Award the student must apply
for except the EOFP Incentive Award.
FINANCIAL AID AND BUDGETING
LIVING OFF CAMPUS EXAMPLE
What are your expenses for living
off campus?
Example: Fall semester (5 months)
QUESTIONS
CONTACT INFORMATION
The Office of Student Financial
Assistance
Green Hall – Room 101
Dionne L. Hallback
609-771-2211
[email protected]
www.tcnj.edu/~sfs/aid/