Navigating Your Financial Future Budgeting For College Navigating Your Financial Future

Overview Complete the Free Application for Federal Student AID (FAFSA) early and compare colleges Cost of Attendance (tuition/fees, housing and meal plan) Financial Aid Award Information Choose the Affordable Housing/Meal Plan Budget College Income & Expenses

Complete FAFSA Early & Compare Colleges Complete FAFSA as soon as it is available to apply Grants are given on a first come first served basis Compare colleges to find out the eligible aid for each school You can add up to 10 colleges to your FAFSA You will compare Cost of Attendance (COA) and Expected Family Contribution (EFC)

Cost of Attendance Get the total estimated cost of tuition/fees, housing & meal plan Include your major (cost changes) Go to the college’s website for additional cost May have a payment plan you can get on early if you will pay a portion out of pocket Again, compare the costs to the other colleges to determine what is most affordable

Financial Aid Award Information Scholarships – Free Money Federal Pell Grant – Free Money MAV Grant – Free Money Direct Subsidized Loan – Interest Free (While in College) Unsubsidized Loans – Accrues Interest (While in College) PLUS Loans – Parent Loan Private Loans “How many of you guys are transfer students? Well, as a transfer student myself I definitely know the ins and outs of how to maximize your financial aid and what options you have. Hopefully all of you are completing the FAFSA every year, even if you don’t think you’d get approved, you should try to apply. As transfer students you may have filed it out for your old school, so just keep in mind to enter UTA’s code vs. what you had previously. Some forms of aid may include the Pell grant, Direct Subsidized Loans (government pays interest) and Unsubsidized Loans (you pay interest while you're in school), PLUS Loans (having your parents get it), Perkins Loans (exceptional financial need), and private loans (that you can typically get from your bank).”

Choose Affordable Housing/Meal Plan Student 1 Tuition Undergrad $4,625 Arlington Hall (Private) $2,908 Platinum Meal Plan $1,820 Total $9,353 Financial Aid Award: $16,000yr

(Save $1,555term/$3,110yr/$12,440(4yrs)) Student 2 Tuition Undergrad $4,625 Lipscomb Hall (Double) $1,568 Gold Meal Plan $1,605 Total $7,798 (Save $1,555term/$3,110yr/$12,440(4yrs))

(Save $3,300term/$6,600yr/$26,400(4yrs)) Student 3 Tuition Undergrad $4625 Brazos House $1428 Total $6053 (Save $3,300term/$6,600yr/$26,400(4yrs))

Create a College Budget Income Amount Per Term Money from Savings $0.00   Employment $2,000.00 Parent Contribution Financial Aid $7,000.00 Total Income $11,000.00 Expenses Tuition $4,625.00 Housing $3,962.10 Meal Plan $1,435.40 Books $500.00 Total Expenses $10,522.50 Combine Total Income & Expenses Total Expense Total Income or Expense 477.50

Review Complete FAFSA Early and Compare Colleges Contact Colleges for Cost of Attendance Choose the Most Affordable Housing & Meal Plan Create a College Budget

Student Money Management Center Location: Davis Hall 241 Hours of Operation: M-F 8am-5pm Website: www.uta.edu/money Email: utamoney@uta.edu Phone: 817-272-2353 Like us on Facebook and Follow us on Twitter Student Money Management Center