1. Mike Johnson, Director of Financial Aid Pacific University

2.  Community Colleges $3,800 tuition, $15,000 total  Public Colleges and Universities $7,400 tuition, $21,000 total  Private Colleges and Universities $20,000+ tuition, $36,000+ total

3.  Gift Aid  Scholarships  Grants  Self-Help Aid  Employment  Loans

4. Awarded to students based primarily on academic merit, talents, and activities  Institutional scholarships  Institutions’ websites  State-administered scholarships  www.getcollegefunds.org  Outside scholarships  www.fastweb.com  www.finaid.org

5. Awarded primarily to students who demonstrate significant financial “need”  Federal Grants  Federal Pell Grant  Federal Supplemental Educational Opportunity Grant (FSEOG)  Teacher Education Assistance for College and Higher Education (TEACH) Grant  State Grants  Oregon Opportunity Grants  Institutional Grants

6. Awarded on a funds available basis primarily to students who demonstrate financial “need”  Federal Work-Study  Institutional employment

7. Students do not have to demonstrate financial “need” to receive certain loans  Federal Perkins Loan  Federal Direct Loan (subsidized and unsubsidized)  Federal Direct Parent PLUS Loan  Private alternative loans

9.  Admissions application  Financial aid application (FAFSA)  Student Aid Report (eSAR, SAR)  Eligibility determination (ISIR)  Need analysis  Award notification  Award disbursement

10.  Free Application for Federal Student Aid (FAFSA) – students and parents can request Personal Identification Numbers (PINs) now at www.pin.ed.gov, then apply as soon as possible after January 1 st at www.fafsa.gov  Collect all needed documents (2010 federal tax returns, current bank statements, etc.) before completing the FAFSA

11.  Follow instructions and enter information carefully  Use close estimates if actual income information is not available  Retrieve IRS data if tax return filed (available January 30 th )  List up to ten schools that can receive the information  Sign the form electronically with your PINs

13.  Social Security numbers and name agreement  Parent definition  Student independency criteria  Household size/number in college  Taxable income, taxes paid  Untaxed income  Assets

14.  College Scholarship Service’s PROFILE – available in the fall to apply for institutional aid at participating schools  Institutional supplemental forms – provide schools with information not requested on the FAFSA

15.  The Student Aid Report (eSAR, SAR) is the output document that results from filing the FAFSA  It will, among other things, provide the applicant’s Expected Family Contribution (EFC)  It may be used to correct or update certain information; changes can be made online at www.fafsa.gov  Schools receive information electronically and use it to determine eligibility, perform need analysis, and make and revise awards

16.  High school diploma or equivalent  U.S. citizen or eligible non-citizen status  Registered for Selective Service if male aged 18 to 26  Admitted to an eligible academic program  Not in default on a previous federal loan and not owing repayment of a previous federal grant

17.  Standardized assessment of a family’s ability to pay for a year of college based on past year income and current assets  Schools may require additional information to confirm or correct reported amounts  Federal “need” calculation: Cost of Attendance (COA) -- Expected Family Contribution (EFC) “Need”

18.  Indicates “package” of aid from school  May require written acceptance  May include loan information  Requires careful scrutiny since content and format vary

19. Cost of Attendance:$15,000 EFC 03000 “Need”$12,000 Federal Pell Grant$ 2,600 FSEOG$ 600 Oregon Opportunity Grant$ 1,300 Federal Work-Study$ 2,000 Federal Direct Loan (subsidized)$ 3,500 Federal Direct Loan (unsubsidized)$ 2,000 Total Award$ 12,000

20. Cost of Attendance$21,000 EFC 03000 “Need”$18,000 Federal Pell Grant$ 2,600 FSEOG$ 800 Oregon Opportunity Grant$ 1,900 University Scholarship$ 2,500 Federal Work-Study$ 2,000 Federal Direct Loan (subsidized)$ 3,500 Federal Direct Loan (unsubsidized)$ 2,000 Total Aid $15,300

21. Cost of Attendance$40,000 EFC 03000 “Need”$37,000 Federal Pell Grant$ 2,600 FSEOG$ 800 Oregon Opportunity Grant$ 1,900 Trustee Scholarship$ 12,000 Institutional Grant$ 6,000 Federal Work-Study$ 2,500 Federal Direct Loan (subsidized)$ 3,500 Federal Direct Loan (unsubsidized)$ 2,000 Total Aid$31,300

22.  Financial aid funds (except work-study) are applied to students’ charges when school starts  Federal Work-Study funds must be earned  Funds that exceed billed charges are given to students  Funds from Federal Parent PLUS Loans are given to parents unless they have authorized giving them to the student

23.  Award amounts may change if  Families correct or update FAFSA data  Schools revise FAFSA data based on additional information  Students receive outside scholarships after financial aid has been packaged  Students drop classes or their credit completion and/or grades do not meet minimum standards  Anticipated federal, state, or institutional funds are not available

24.  “Need” is a federally defined concept and may not reflect a family’s actual financial situation  Schools may not be able to meet all of a family’s federally defined “need” with need-based aid  Future indebtedness should be carefully considered when accepting loans  Families should report to the school any special circumstances that will affect their ability to pay for college

25.  Any college or university financial aid office  Federal Student Aid on the Web at www.college.gov and at studentaid.ed.gov  The Financial Aid Information Page at www.finaid.org  The NELA Center for Student Success in Portland at www.nela.net/centers  College Goal Oregon/Financial Aid Day sites each Saturday in January 2011 -- information soon at www.collegegoaloregon.org