Transcript Ready, set, go…abroad!! - University of Wisconsin

Let’s Get Ready To…
STUDY ABROAD!!!
• Processing time for a
new passport can run
about 4-6 weeks; apply
early to avoid expedite
fees of $100….and
stress!!!
• If you have a passport, it
must be valid 6 months
beyond your return date
• IP will need a copy of
the identification page
or your actual passport
• Application instructions
in your packet-don’t
delay!!!!!
Participant List Summer 2014
• Name
Home address
• Smith, Joey
1433 College Ave, Point
Home phone
608-999-9999
• NOTE: your first and middle name should be your ‘legal’
name as on your passport. If they don’t match, you could be
denied boarding on the airplane.
Home address: emergency contact address and phone #
Please make changes on your MyPoint, under MyProfile
FINANCIAL AID
• Renew your 2014-15 FAFSA no later than March 15—
DON’T DELAY!
• Revise your award to include your additional study
abroad educational expenses with the UWSP Financial
Aid Office
• Check your current 2013-14 financial aid award for
possible direct loan funding due to change in class
standing
• Common types of student loans after Perkins or Direct
are PLUS Direct (Parent) or Alternative/Private Student
Loan
• Complete loan instructions can be found at
www.uwsp.edu/finance/loans.shtm
SAMPLE Financial Aid Award
Aid Program
Summer
Fall
Spring
TOTAL
Pell Grant
$1000
$2000
$1000
4000
Sub Fed Direct
Loan
$1833
$1833
$1834
5500
Unsubsidized
Direct Loan
$666
$666
$668
2000
Wisc Higher Ed
Grant
$0
$563
$562
1125
Other Loan (alternative or private
student loan)
3000
0
0
3000
STUDENT LOANS
• Perkins
– Awarded on a need basis
• Direct
(subsidized/unsubsidized)
– maximum award for juniors and
seniors $7500 for academic year
– Interest rate is fixed
• Plus Direct
– If your parent is interested
in borrowing in order to
assist paying for your study
abroad
– Complete instructions on
financial aid website
• Alternative/Private
Student Loan
– Repayment not expected until
you are out of school
– Not every lending institution
offers the alternative student
loan program. View options on
FastChoice on
www.uwsp/finaid/loans
– Financial aid website has more
information. Carefully compare
all aspects of program, not just
the interest rate
– Interest rate: variable & fixed
PAYMENT SCHEDULE
December 1
$400.00 non-refundable Arrangement Fee is applied toward program cost
Feb. 15
$1,500.00 -- ALL STUDENTS, including those students receiving financial
aid, are required to make this first payment as it is needed for your
airline/housing reservations in Europe and CWES fee.
Financial Aid Students: renew your FAFSA for 2014-15 no later than
March 15. NOTE: If you did not accept all your current 2013-14 student
loan funds OR you changed class standing after Fall 13, check with the
Financial Aid Office to see if you are eligible for more funds.
Awarding of 2014-15 financial aid (includes summer 2014) will begin the
first week of May. Complete Study Abroad Financial Aid Revision Form
and submit to he Enrollment Service Center, room 106, SSC . Bring in
revised award to Linda, IP for issuance of Deferred Payment Form.
March 15
April 15
May 15
June 15
$1,000.00
$1,000.00
$1,000.00
final balance: approx. $2200-2700 for Wisconsin residents
PLEASE WAIT UNTIL YOU RECEIVE A FINAL BILL BEFORE
SENDING IN YOUR LAST PAYMENT. (bills handed out while at CWES)
RESIDENCY
• Tuition surcharge for non-residents is $500 (instead
of approx. $1,900 for on-campus students)
• Minnesota resident surcharge around $175 with
approved Minnesota reciprocity
Program Costs/Payments
• Your final program cost is
calculated and announced in May.
At that time, we finalize group costs
and participant numbers with our
overseas universities and travel
agents, receive final invoices, and
lock in exchange rates with our
final payments
• Payment Schedule is included in
today’s packet. Final payment is
due June 15; cost estimate $7100$7600 for Wisconsin residents.
FORMS PACKET
• Flight ballot; flight
schedule needs to
be exactly the
same.
• Course registration
form
• Bank deposit form
• Legal forms
• Complete all forms
and turn in Feb. 18
FINAL TIDBITS…
• Look at your current award on MyPoint, finances,
financial aid award & status to check for
availability of direct loan funds
• Unusual circumstance form (loss of income)
– www.uwsp.edu/finance
• Independent students (24 yrs. +) are eligible for
possibly more grants and $5000 unsubsidized
Direct Loans
• Individual advising—please bring in your award
An investment in your future
Don’t let finances stop you…
…they didn’t