Enrollment Management: Admissions Financial Aid Scholarships Marketing

Jonathan Boleratz, Director of Financial Aid Webinar Series Financial Aid Presentation Jonathan Boleratz, Director of Financial Aid

Agenda Allegheny Scholarships Financial Aid Packages Payment Options Next Steps

Allegheny Scholarships Merit-Based Amount Guaranteed No Minimum GPA Requirement Automatically Renewed

Financial Aid Packages Listing of Financial Aid Options Includes Merit and Need-Based Eligibility Grant Assistance Scholarships & Need-Based Grants Self Help Employment and Loans Every student here this weekend will have a financial aid package. No FAFSA -- Trustee Scholarship Only FAFSA -- Trustee Scholarship + Stafford Loan + ?

FAFSA Application for need-based consideration Federal, State, Allegheny Aid Loan Options Work Eligibility FAFSA only form required Used to determine eligibility for aid from a number of sources File the FAFSA as soon after January 1 as possible (on-line).

FAFSA – Update IRS Data Retrieval Tool Links federal tax info to FAFSA Provides most accurate data Recommended for everyone Required for verification FAFSA only form required Used to determine eligibility for aid from a number of sources Go to http://www.fafsa.ed.gov/

Grant Assistance Federal Pell Grant State Grants Allegheny Grant Federal SEOG State Grants PHEAA Grant (need-based) – estimated maximum for 2016-17 award is $3,928 DE ($1,000) , MA ($300), OH ($600), VT ($700), WV ($600) Allegheny Grant Pell -- Lower Income, Higher Need students Robert C. Byrd, Academic Excellence Scholarship, Sci-Tech Scholarship

Student Employment Federal Work Study Campus Employment Need-Based Jobs Available On- and Off-Campus Given Preference in the Hiring Process Campus Employment Jobs Available On-Campus Only

Student Loans Federal Direct Stafford Loan Subsidized and Unsubsidized (4.29% for 2015-16) Origination fee 1.068% Federal Perkins Loan – 2 Years Left Subsidized – 5% Fixed (no origination fee) Private (Alternative) Student Loan Co-Signer Required ~ Variable or Fixed Rates Interest Rates Vary Based on Co-Signer Credit Worthiness

Private Scholarships Quick Stats (per student) Mean $4,973.45 Median $3,000 Range $120-$43,410 Quick Facts 20 students had 4 or more private scholarships One student had 8 private scholarships 331 Total Students

Payment Options Pay Balance Due Each Semester 5-Month Semester Payment Plan No Interest – $45 enrollment fee/semester

www.afford.com

Payment Options Federal Direct PLUS Loan Payments Begin After Full Disbursement or Deferred until after Graduation 6.84% Fixed for 2015-16 Origination fee 4.272% Combination of two or more payment options

Next Steps Review Financial Aid Package Ask Questions Visit Campus http://sites.allegheny.edu/admissions/visit-allegheny-college/ Submit Deposit No Later Than May 1 http://sites.allegheny.edu/admissions/candidates-reply-form/ Use IRS Data Retrieval Tool Submit Verification Information (if required)

Next Steps Apply For Loans (June, July) Choose Payment Options (June, July) Review Statement of Account (July) Complete Employment Paperwork (July) Become part of the Allegheny Community! (August)

Reminders File Forms on Time FAFSA Needs Renewed Each Year Call or Email with Questions Financial Aid is a Team Endeavor Student, Parent, Financial Aid Staff

Questions? (800) 835-7780 fao@allegheny.edu jboleratz@allegheny.edu

Enrollment Management: Admissions Financial Aid Scholarships Marketing