Transcript Slide 1
Welcome to Enrollment Services
We offer one-stop service for the administration of Financial Aid and Registrar services Hours of Operation Monday-Friday 8:00 a.m. - 5:00 p.m. (except on official holidays) 1.206 Ashbel Smith (Old Red)
APPLYING FOR FINANCIAL AID AT UTMB - GALVESTON
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STEP 1 : Fill out the FAFSA (Free Application for Federal Student Aid) STEP 2 : Processing of Information from Department of Education to UTMB STEP 3 : Package Student STEP 4 : Award Letter STEP 5 : Disbursement of Funds
STEP 1: FILL OUT FAFSA
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Fill out FAFSA at www.fafsa.ed.gov
UTMB – Galveston School Code: 013976 Must have prior year’s tax return
– If filling out 05-06 application must use 04 tax
returns (Fall 2005, Spring 2006, Summer 2006)
– If filling out 06-07 application must use 05 tax
returns (Fall 2006, Spring 2007, Summer 2007) PRIORITY DEADLINE : March 31 of every year
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PARENTAL INFORMATION
Institutional “ need-based ” Grants & Scholarships
Must provide, on the FAFSA, parents’ information – If parental information is provided notification is sent from UTMB to the student indicating the next step(s) require.
For consideration, every student is looked at as a DEPENDENT STUDENT regardless of dependency status
***ONLY WAY TO DETERMINE THE DIFFERENCE BETWEEN STUDENTS WHOSE FAMILIES CAN CONTRIBUTE IF THEY WANT TO AND THOSE WHOSE CANNOT EVEN IF THEY WANT TO***
PARENTAL INFORMATION Cont.
REMEMBER
Parent information for independent students is ONLY required to be considered for the institutional (UTMB) need-based grants and scholarships.
Students will still be awarded according to Federal Regulations and their independent status.
OH NO…I FORGOT! NOW WHAT DO I DO?
LAST MINUTE PROCESSING
• Renewal FAFSA and FAFSA (paper or web-based applications) must be submitted by midnight Central Daylight time, June 30 of every year.
STEP 2: PROCESSING OF INFORMATION
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Information is sent to UTMB from the Department of Education
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UTMB sends email to student asking them to fill out the UTMB Application for Financial Aid
UTMB APPLICATION FOR FINANCIAL AID
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Helps us build students’ COA (Cost Of Attendance)
Students’ COA includes: – Tuition & Fees – Books – Living Expenses • Three budgets to choose from: low, medium, high – “Other Expenses” as determined by the school
STEP 3: PACKAGING
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Student is packaged based on COA
– Loans – Grants
(Federal, State and Private) (Federal, State and Institutional)
– Scholarships
(Institutional, Need Based, Academic, Competitive, Outside www.fastweb.com
)
– Federal Work Study
(FWS)
– Tuition Exemption
Hazlewood, 3 rd etc.) (Hinson Party Pay,
STEP 4: AWARD LETTER
FINALLY, WHAT YOU HAVE BEEN WAITING FOR
STEP 4: AWARD LETTER cont.
• • UTMB sends email to student indicating there is an award letter to review Student has opportunity to: – Accept – Decline – Manipulate
STEP 5:
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DISBURSEMENT OF FUNDS
$$$
• Funds are sent to UTMB • UTMB disburses funds to students – Direct Deposit (ACH) –
2 nd forms available at Bursar’s Office, Floor of the Administration Building
• Should sign up for this 2 to 3 weeks prior to first class day or 2 to 3 weeks prior to first disbursement – Via “Snail Mail” USPS • Not recommended
BUDGETING: Less Is More Room & Board Tuition & Fees Books & Supplies Food Clothes Toiletries Car Maintenance Emergencies
BUDGETING cont.
Do not have to take all up-front Can always come back and ask for more…up to your full cost of attendance
REMEMBER
: You Will Be Responsible For Paying Your Loans Back
ENROLLMENT SERVICES SPECIALISTS Bronwyn Thibodeaux Jay Cromie Lori Kocian Anthony Berry