The University of Texas at San Antonio, One UTSA Circle, San Antonio, TX 78249 1/3/11 1 Financial Aid 101 Office of Student Financial Aid and Enrollment Services
Financial Aid 101
Feb 04, 2016
Financial Aid 101. Office of Student Financial Aid and Enrollment Services. Types of Aid. Grants Scholarships Work Study Loan s. Applying for Financial Aid. Information to Gather. Submit FAFSA Using Estimated Figures. Financial Information-IRS Data Retrieval Tool. - PowerPoint PPT Presentation
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The University of Texas at San Antonio, One UTSA Circle, San Antonio, TX 782491/3/11 1
Financial Aid 101
Office of Student Financial Aid and Enrollment Services
The University of Texas at San Antonio, One UTSA Circle, San Antonio, TX 782491/3/11 2
Institutional Aid
State Aid
Federal Aid
Grants Scholarships Work Study Loans
Types of Aid
The University of Texas at San Antonio, One UTSA Circle, San Antonio, TX 782491/3/11 3
Applying for Financial Aid
Apply for a PIN• www.pin.ed.gov
Fill out the FAFSA• www.fafsa.ed.gov
File FAFSA every year• January 1st – March 15th
The University of Texas at San Antonio, One UTSA Circle, San Antonio, TX 782491/3/11 4
Income Tax (1040, 1040A, 1040EZ)
W-2’s PIN numbers, SSN, date of birth, name
Saving and checking account information
Records of stocks, bonds, investment
Business, farm, real estate records (Not
the home you live in)
Information to Gather
The University of Texas at San Antonio, One UTSA Circle, San Antonio, TX 782491/3/11 5
Submit FAFSA Using Estimated Figures
The University of Texas at San Antonio, One UTSA Circle, San Antonio, TX 782491/3/11 6
Financial Information-IRS Data Retrieval Tool
The University of Texas at San Antonio, One UTSA Circle, San Antonio, TX 782491/3/11 7
Special Circumstances & Professional Judgment See your institution’s Financial Aid Office
Information Used to Determine the EFC
Dependent Vs.
Independent
Income & Assets
Household Size
Number in College
Age of Oldest Parent
The University of Texas at San Antonio, One UTSA Circle, San Antonio, TX 782491/3/11 8
Full Time Fall / Spring Undergraduate Living On-Campus
Tuition and Fees (based on 15 hours per term)
$9082
Books (based on 15 hours per term) $1000
Room and Board (average) $9635
Transportation (average) $670
Personal / Miscellaneous (average) $1836
Total Estimated Cost of Attendance $22,223
Cost of Attendance (COA)
The University of Texas at San Antonio, One UTSA Circle, San Antonio, TX 782491/3/11 9
COA-EFC=NEEDneed= types of aid awarded__ __ ___
Grants Scholarships Work Study Loans
How Schools Determine Awards
The University of Texas at San Antonio, One UTSA Circle, San Antonio, TX 782491/3/11 10
UTSA Awarding Philosophy
• Availability of Funds• Demonstrated Financial Need• Academic Performance• New Student Admittance to the University by
March 15 for Fall Semesters• UTSA's Receipt of a FAFSA by March 15• For General Scholarships: Receipt of the General
Scholarship Application by February 15
The University of Texas at San Antonio, One UTSA Circle, San Antonio, TX 782491/3/11 11
• Texas Excellence Grant:First degree-seeking UndergraduatesDate of FAFSA is consideredGraduated HS recommended or distinguishedHave EFC of $4000 or lessMust be a Texas residentMust enroll at least ¾ timeMaking Satisfactory Academic Progress
• UTSA Grant:Date of FAFSA is consideredMust be a Texas ResidentNeed based
Grants
The University of Texas at San Antonio, One UTSA Circle, San Antonio, TX 782491/3/11 12
High School or Community Specific
College SpecificUTSA- February 15t
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Major Specificwww.utsa.edu/scholarships
Outside Scholarshipswww.fastweb.com
Merit, Need Based
Scholarships
The University of Texas at San Antonio, One UTSA Circle, San Antonio, TX 782491/3/11 13
•Must state interest on FAFSA
•Awarded to students with demonstrated need
•Funds are limited and paid as earned
•Student should coordinate with the Career Center to find on-campus employment
•Positions not guaranteed
Work Study
The University of Texas at San Antonio, One UTSA Circle, San Antonio, TX 782491/3/11 14
Subsidized Stafford Loan: Interest is paid by Department of Education while you are in school Maximum for freshman year = $3500
Unsubsidized Stafford Loan: Interest begins to accrue when the loan is taken out, so students must decide to make interest payments or allow interest to roll into principle balance Maximum Sub/Unsub combined per year = $5500
Parent PLUS Loan: Parent credit worthiness is assessed; repayment begins 60 days after the second disbursement
Alternative Loan: Credit worthiness; Variable credit
Loans
The University of Texas at San Antonio, One UTSA Circle, San Antonio, TX 782491/3/11 15
Responsible Borrowing
Reduce Amount Borrowe
d
Exhaust Federal Aid First
Borrow Only What You
Need
Loan Portfolio
The University of Texas at San Antonio, One UTSA Circle, San Antonio, TX 782491/3/11 16
GPA•Maintain a 2.0 cumulative GPA
Course Completion
•67% completion rate of attempted hours
Maximum hours
•Maximum hours attempted must not exceed 150% of attempted hours
120 hours x 1.5 =
180!
Satisfactory Academic Progress
The University of Texas at San Antonio, One UTSA Circle, San Antonio, TX 782491/3/11 17
The University of Texas at San AntonioOffice of Student Financial Aid and Enrollment ServicesOne UTSA CircleSan Antonio, TX 78249
(210) [email protected]/financialaid
Contact Us!
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