Govs R.O.W. 2015 Applying for Financial Aid www.fafsa.gov Opens January 1st 2015-2016 FAFSA applies to: Fall 2015 Spring 2016 Summer 2016 Can be completed before taxes have been.
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Transcript Govs R.O.W. 2015 Applying for Financial Aid www.fafsa.gov Opens January 1st 2015-2016 FAFSA applies to: Fall 2015 Spring 2016 Summer 2016 Can be completed before taxes have been.
Govs R.O.W. 2015
Applying for Financial Aid
www.fafsa.gov
Opens January 1st
2015-2016 FAFSA applies to:
Fall 2015
Spring 2016
Summer 2016
Can be completed before taxes
have been filed
Use estimated figures
Make corrections with accurate
figures after taxes are filed
Must be completed every year
Verification
Your Response is Urgent!
Random selection; notified by e-mail
Verifies the FAFSA is correct
You cannot be awarded until Verification is complete
If selected, we need:
Verification Worksheet (completely filled out)
2014 IRS Tax Return Transcripts—not Tax Returns
Can be loaded into FAFSA with IRS Data Retrieval
Can also be found at irs.gov
Other documents as requested
Check your AP e-mail even after turning in documents!
Financial Aid Award
Announced as early as April
Can be checked through:
AP OneStop
AP e-mail
If you receive outside resources:
Must Report it to Financial Aid using the Additional
Resources form
Scholarships
Discounts
Benefits
This can prevent over-awarding on your account
(over-awards sometimes result in billings to the student)
Cost of Attendance
A tool for Financial Aid
Located on OneStop under Award Overview
Not your billing statement
Calculated as the average amount students need for the
following all added together:
Tuition & Fees
Books & Supplies
Room & Board
Misc. Expenses
Used as your budget for financial aid
Tennessee Hope Lottery
Scholarship
www.collegepaystn.com
GPA Requirements
2.75
at 24 and 48 attempted credit hours
3.0 beyond 48 attempted hours
Enrollment Requirements
If you registered full-time, stay at full-time
Failure to remain at full-time could result in a
permanent loss of the scholarship
If you lose your lottery scholarship:
Appeal – Only with extenuating
circumstances (cannot appeal due to GPA)
Regain – Every 24 attempted credit hours
Tennessee Promise
Available at APSU
Currently estimated at $2,079 per semester
The amount of the award may be reduced if other forms
of gift aid are received, including Lottery, Pell & TSAA
Must be seeking an Associate’s Degree
Must perform required community service hours prior to
the beginning of the semester it’s received
Must maintain satisfactory academic progress
Satisfactory Academic
Progress
Financial Aid is based on:
GPA
Completion rate of classes (Pace)
Overall progress toward graduation
Failure to maintain satisfactory academic
progress will result in the cancellation of
financial aid
Readiness Checklist
Authorization Form
Optional
Allows excess financial aid to be applied to:
Bookstore debit program
Health services
Parking tickets
Etc.
May be completed online at:
AP OneStop
Web Self Service
Financial Aid
Eligibility
Authorization Form
Enrollment Intentions
Needed every year
Required so our office plans for the correct budget
Financial Aid is based on:
Enrollment hours
Length of coursework
Attendance throughout the year
The Enrollment Intentions form can prevent overawarding on your account
(over-awards sometimes result in billings to the student)
Enrollment Intentions
Enrollment Intentions
Enrollment Intentions
Enrollment Intentions
Enrollment Intentions
Enrollment Intentions
Failure to enroll the hours you
indicate could result in a billing
to your account.
Terms & Conditions
Also needed yearly
Reminds you of important rules regarding aid
Located at:
Onestop.apsu.edu
Web Self Service
Financial Aid & Veteran’s Affairs
Eligibility
Terms and Conditions
Lottery recipients have a separate
Statement of Understanding as well
Loans
Accepting your offers
The offered amount is for the entire aid year
Whatever you accept will automatically be split
between the Fall and Spring semesters
If you plan on attending in summers, leave enough loans
remaining to be applied to the Summer semester
Loans
Steps to Take
Loans
Loans
Loans
Whatever you accept will
split between Fall and Spring
If you accept a partial amount, the remainder can be picked up
later through an Adjustment Form or in the Summer semester
Readiness Checklist Revisited
Loans
Additional Requirements
Direct Loan Entrance Counseling
Reviews all loan regulations
Master Promissory Note
You affirm that you are responsible for repaying your loans
Both must be completed at studentloans.gov
Loans will not pay out unless these requirements have
been completed
Good for 10 years
Debt Management
Borrow Responsibly
Aggregate Loan Limits – the total you can borrow
Undergraduate Dependent = $31,000
Undergraduate Independent = $57,500
Graduate = $138,500
Maxing out on loans each year and taking more than 4
years to graduate could cause you to exhaust your limits
BEFORE you graduate.
The average loan debt upon graduation: $25,000
Any Questions?
Ellington Building, Room 216
apsu.edu/financialaid
(931) 221-7907
Welcome to APSU!