Financial Aid Profile Day Spring 

Financial Aid at Pacific  Total Aid: >$150 million (Stockton campus, )  Includes over $50 million in University funds  More than 80% of our students receive financial aid  Financial aid includes  Scholarships and grants  Loans  Work-study

Need-Based Grants & Scholarships  Federal Pell Grant  Federal SEOG  Cal Grant A / Cal Grant B (California residents)  Pacific matches Cal Grants, provided that the student qualifies financially and the combined awards are not in excess of the student’s actual tuition charges.  University awards

Cal Grants: “It takes two forms ”  Financial eligibility (FAFSA)  Verified Cal Grant GPA  Some schools submit GPAs electronically  Others have students use the paper GPA form (available at California Student Aid Commission Web site)  Ask your high school for instructions!  Application Deadline (FAFSA & GPA): March 2

Federal Student Loans & Work-Study  Federal student loans  Low interest rates and generous repayment terms  Repayment begins after the student leaves school and the grace period has expired  Federal work-study  Part-time employment during the school year

Financial Eligibility  Estimated academic year Costs of Attendance  Tuition and other actual and estimated costs  Expected Family Contribution (EFC)  Calculated on the basis of FAFSA information using formulas prescribed by the federal government  Financial Need  Most aid is for students who demonstrate financial need  Exceptions: PLUS Loan (parents), Unsubsidized Stafford Loan Your eligibility can vary from school to school!

In summary...  Financial aid “package”  Students often qualify for funds from more than one financial aid program, thus a financial aid package  Scholarship recipients may qualify for aid in addition to the academic award  Federal PLUS Loan (Application Online)  For parents of dependent undergraduate students  FAFSA required - 7.9% interest rate  Presented loan amount is not actual or actual loan

FAFSA (Free Application for Federal Student Aid)  Collects information about finances and other circumstances  Used to determine financial eligibility for federal, state, and University aid  Submit through Federal Student Aid processor  File online at (FAFSA on the Web)  No charge to file!

FAFSA (continued)  List at least one California college or university  Sign with student and parent PINs  Eliminates need to print and mail a signature page  Pacific’s FAFSA school code: Keep a copy of your completed FAFSA. Online filers, be sure to print and save the confirmation page. If you file a paper FAFSA, get a Certificate of Mailing at the post office.

Application Checklist: Now  Get PINs:  Cal Grant GPA Verification  Mail completed form or confirm that school will submit GPA  FAFSA Worksheet Estimate eligibility for federal aid: FAFSA4caster Scholarship search:

After you apply...  Federal Student Aid Report (SAR)  Check carefully against completed 2011 tax returns and submit corrections if necessary  California Aid Report (CAR)  Notifies Cal Grant recipients of award value  Financial Aid Award  Pacific will begin sending award notices by April 1.  Follow all instructions for receiving the funds awarded To make sure SAR isn’t blocked add FederalStudentAid to address book

2011 Income Documentation  U.S. income tax returns  Complete, signed copies of parent and student 2011 tax returns or 2011 IRS Transcript  All schedules and attachments, including W-2 forms  Send copies to Pacific Financial Aid Office Non-filer’s Statement  Submit this form if you will not file a 2011 income tax return Not part of initial application process but required for disbursement

Viewing your FA package Prospective students: Step 1 - Go to insidepacific.pacific.edu Step 2 - Enter your PacificNet ID and password Step 3 - Go to the Undergraduate Financial Aid Awards and Requirements section and select the access link Step 4 - Select the Financial Aid Options - Click Here link to navigate to the Financial Aid main menu Step 5 - Select the Award By Aid Year link Step 6 - Select Financial Aid Year from the drop down menu and click the "submit” button Step 7 - Select the Award Overview tab Note: Your PacificNet ID and initial default password is located on the second page of your Admission offer letter.

Accepting your FA award How to Accept your FA award Step 1 - Click on View Financial Aid Award Step 2 - Click on Award By Aid Year, select the aid year and click Submit Step 3 - Click on Accept Award Offer tab Step 4 - Click the arrow on the drop-down box by the loan you want to accept and select Accept Step 5 - Click on the Submit Decision button Note: If you want to accept the full amount of all of your awards click on the Accept Full Amount All Awards button.

Importance of Accepting your FA Affects billing Impacts University Payment plans Loans take time (2-3 Business days) Master Promissory Note Entrance Counseling Disbursement (& Refund?)

Need help? Contact us: Financial Aid Office  Knoles Hall Open Monday–Friday, 8:30–5:00 Counselors available (except Wednesday mornings) 9:30–12:00 and 1:00–4: