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3  COA is your annual budget for:  Educational Expenses, including:  Books and supplies  Travel and Rotations  Health, Disability and other fees  Living Expenses (applicable to student only):  Rent  Utilities  Food, Personal, etc

4  Scholarships  Military, WICHE, Institutional, Other Sources  Federal Work-Study  Federal Loans  Stafford loan (subsidized and unsubsidized)  Graduate PLUS loan  Perkins Loan

5 $40,500 1st-year Stafford maximum (Example only, differs per program and length) FORMULA: $55,641 On-campus COA budget - 40,500 Stafford Maximum - 1,000 FWS if applicable - other aid Scholarship/Perkins/etc. $14,141 COA minus Stafford minus all other aid equals Graduate PLUS request $14,141

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7 7  NEW students must complete Steps 1 through 4 in order to receive financial aid  Step 5 is required for students who want the maximum funding  CONTINUING students thereafter must complete a new Institutional Application (Step 2) and a new FAFSA (Step 3) each year to receive financial aid continuously  FAFSA must always be completed by the April 1 st priority deadline date for consideration of Perkins and some scholarships

8 8 Access MWUNET: using your login and password. At the “Financial Services” tab choose “Apply for Aid”  Complete Financial Aid Steps as early as January 1 st  Classes starting in:  June: Complete no later than May 15 th  Early August: Complete no later than July 15 th  Late August: Complete no later than August 1 st

9 9  Federal Regulations require completion just one time for new borrowers at MWU  Reviews Rights & Responsibilities of all borrowers concerning Federal loans  Save Confirmation for verification of completion  We cannot originate loans until we’ve received the automated electronic notification that your Entrance Counseling is complete

10  Must be completed once each year to receive financial aid  Data used by financial aid office to properly fund students based on:  On- or off-campus housing status  Requested loan amounts  All other aid received for educational purposes  Complete before priority deadline as indicated on our website

11 FREE APPLICATION FOR FEDERAL STUDENT AID  Apply for FAFSA PIN  Use our website or  Complete FAFSA as soon as taxes are filed  No later than April 1 st priority deadline date  Use Federal Tax information for income figures  Estimate taxes only if necessary. May be required to refile FAFSA  FAFSA data determines eligibility and need level for federal aid

12 STAFFORD LOAN MASTER PROMISSORY NOTE (Subsidized and Unsubsidized loans) a)Access: b)“Sign in” using your FAFSA PIN

13 c)Choose “Complete Master Promissory Note”

14 d)Choose “Subsidized/Unsubsidized” for loan type e)Verify the name on your MPN matches your SS card, then electronically sign and you’re finished!

15 GRADUATE PLUS LOAN MASTER PROMISSORY NOTE: (Covers remainder of your budget minus all other aid) Refer to Stafford Loan screenshots a, b, and c to get to the PLUS MPN a)Access: b)“Sign in” using your FAFSA PIN c)Choose “Complete Master Promissory Note”

16 GRADUATE PLUS LOAN MASTER PROMISSORY NOTE: (Covers remainder of your budget minus all other aid) d)Select loan type “Graduate PLUS” e)Verify the name on your MPN matches your SS card! Review and electronically sign

17  Verify name on your Social Security (SS) card is exactly the same as FAFSA PIN, MPNs and Admissions Records  Name changes must be documented with the SSA and reflected on SS card before using a new name on any documentation  Never change or exchange initials or middle name – use exactly as written on SS card

18  Any name written differently than Social Security card will cause rejects and delays:  If FAFSA PIN doesn’t match Social Security Card:  FAFSA will reject; loan origination is delayed  Master Promissory Note (MPN) will reject; refund check will be delayed  Funding will not post to your student account if name on school records doesn’t match FAFSA PIN

19  Update the Social Security Administration with new name:  Submit application and supporting documentation of name change to: SOCIAL SECURITY OFFICE (59 th Ave/Bell) 5907 W KINGS AVE GLENDALE, AZ  AFTER SSA UPDATES YOUR NEW NAME:  Deactivate old PIN (answer challenge question wrong 3 times)  Reapply for new PIN  Wait 3 days, then update FAFSA with new name  Complete new MPN applications with new name exactly as indicated on SS card

20  Online Payments  Most efficient  Immediate posting to Student Account  Paper Checks  Least efficient  Takes four business days to process  Account “hold” stays in place until paper check has been processed

21  Return of Excess Funding (new process) 1)Student requests a loan return 2)Student must bring in a check for full amount of return request 3)On 2 nd request, student must set appointment to speak with FAA to work a budget 4)FAA processes check back to lender

22 Access  Type “ Financial Aid” in search engine  Scroll down to menu box for display choices:  Cost of Attendance Budgets  Loans  Scholarships  Type “ Accounts Receivable” in search engine  Refund Dates – Glendale  Tuition Due Dates  Frequently Asked Questions

23  Only one MPN is required for Stafford Loans  Only one MPN is required for PLUS Loans  EXCEPTION: A new MPN is required each year for cosigned loans.  Never use nicknames on legal documents  Always use name exactly as written on SS card  Track and monitor your loans at our Alumni website

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25 Tom BillardDirector Karen OwensAssistant Director FA AdvisorsStudent’s Last Name Lesa StanfordFA Advisor A thru E Lisa VelizFA Advisor F thru K Tammy SchmidtFA Advisor L thru P Stacia McBrideFA Advisor Q thru Z SFS Administrative Assistant Carol DavySFS Administrative Assistant

26 Tom BillardDirector Karen OwensAssistant Director Accounts Receivable Staff Terri PauletichAccounts Receivable Senior Coordinator Craig LangAccounts Receivable Representative JoAnna SvobodaAccounts Receivable Representative SFS Administrative Assistant Carol DavySFS Administrative Assistant

27  Location: Barrel III Student Center  Office Hours: (8:00 a.m. - 4:30 p.m., M-F)  Phone: (623) Fax: (623)  Financial Aid:  Accounts Receivable: