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An Overview of Financial Aid

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Presentation on theme: "An Overview of Financial Aid"— Presentation transcript:

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2 An Overview of Financial Aid www.fafsa.ed.gov
Free Application for Federal Student Aid (FAFSA) & Federal Student Aid

3 Federal Aid – Who is Eligible?
U.S. citizen or permanent resident High school graduate/GED holder Eligible degree/certificate program Valid Social Security Number Males registered for Selective Service *This is not a comprehensive list, see for more information

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6 CSU-Pueblo FAFSA school code is 001365
Federal Aid - Applying Complete your FAFSA NOW! FAFSA became available October 1st, FAFSA is based on 2016 Federal Tax Return If enrolling Spring/Summer 2018, please complete FAFSA CSU-Pueblo FAFSA school code is

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8 Need Based Financial Aid
Federal Pell Grant Based on Estimated Family Contribution (EFC), this is determined by the information from your FAFSA Maximum award for 17/18 is $5920* for AY (To receive Max student must have a zero EFC and be in 12 credit hours min.) “Tiered” Award amount based on enrollment Federal SEOG Grant Students must be Federal Pell Grant eligible Priority funding given to students with a zero EFC award is $800 Must be enrolled full time * Full-time enrollment required for maximum eligibility

9 Need Based Financial Aid
Colorado Student Grant Colorado Resident Need based grant awarded only to students who are Pell Grant eligible award is $2000 Full-time enrollment required (12 credit hours or more)

10 Need Based Financial Aid
Commitment to Colorado* ($1000/year) Colorado residents Must be Pell Grant eligible 3.0 GPA required to renew CSU-Pueblo Grant* Awarded based on financial need and academic indicators Award amounts vary * Full-time enrollment required

11 Need Based Financial Aid
Federal Work Study award $3,000 OR Colorado Work Study Colorado Resident These are “Work to Earn” awards

12 Federal Direct Student Loans
Subsidized Direct Student Loan Government pays interest while in school This is Need Based Aid, not all students will qualify to receive Subsidized loans Aggregate limit $23,000 No payments required while in school Unsubsidized Direct Student Loan (non-need based) Government does not pay interest while in school Interest will capitalize upon repayment *Total aggregate loan limits are $31,000 for dependents & $57,500 for independents

13 Federal Direct Student Loans
No payments required while in school Each student loan borrower must complete Entrance Counseling Master Promissory Note Interest Rate is 4.45% Grade level Dependent Independent Freshman $5,500 $9,500 Sophomore $6,500 $10,500 Junior & Senior $7,500 $12,500

14 30 DAY HOLD ON LOANS

15 Verification You will know you are selected for verification by reviewing your SAR comments 1/3 or 33% of students are selected Nationwide Confirms accuracy of FAFSA PAWS will list required documentation that needs to be submitted to FA office. IRS Data Retrieval Required for CSU-Pueblo Priority Deadline of June 1st

16 Other Types of Aid Private Scholarships On-line
Scholarship Resource Books Civic Organization Churches or Other Community Groups Your Employer or Your Parents Employer Local Newspaper Your Guidance/Counseling Office Other Student Employment

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