1. Where excellence and opportunity meet.™ Financial Aid Office Odyssey 2012

2. Financial Aid Office FINANCIAL AID PROCESS  Obtain PIN online (www.pin.ed.gov) ______www.pin.ed.gov  File FAFSA online (www.fafsa.gov) ______www.fafsa.gov  Review Student Aid Report (SAR) ______  Complete ‘To Do’ Items (Titan Web) ______  Accept/Decline Awards (Titan Web) ______  Complete Promissory Note(s) (if applicable) ______  Complete Loan Entrance Counseling (if applicable) ______

3. Financial Aid Office OBTAIN PIN (Personal Identification Number) www.pin.ed.gov  Serves as your electronic signature  May be used to file your FAFSA, make corrections to your SAR, and monitor federal loans you receive  Parents of dependent students should also obtain a PIN to electronically sign the FAFSA

4. Financial Aid Office FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) www.fafsa.gov UW Oshkosh Federal School Code: 003920

5. Financial Aid Office COMPLETE ‘TO DO’ ITEMS (Titan Web) Read carefully and submit the information requested – it may simply require you to complete an online process! That would be the case if you had a To Do Item for a Master Promissory Note or Loan Entrance Counseling for Student Loans.

6. Financial Aid Office WWW.UWOSH.EDU/FIN_AID/FORMS Online forms can be submitted online by the student, other forms must be printed and signed by the student and/or parent before submission.

7. Financial Aid Office SUBMITTING DOCUMENTS TO THE FINANCIAL AID OFFICE  Always include the student’s ID number  Submit requested items in a timely manner  Many items require the student’s AND a parent’s signature  Student can email the Counselor listed on the ‘To Do’ Item for clarification

8. Financial Aid Office AWARD NOTIFICATION  Your student’s award notification will be sent via e-mail (to the student), directing him/her to Titan Web to Accept/Decline Awards The award notification includes important information, so be sure to read carefully!

9. Financial Aid Office ACCEPT/DECLINE AWARDS

10. Financial Aid Office HOW FINANCIAL AID IS AWARDED Estimated Cost of Attendance (COA) (Determined by UW Oshkosh) – Expected Family Contribution (EFC) (Determined by FAFSA) __________________________________________________________________________________________________________________ = Financial Need *Total Financial Aid awards cannot exceed COA and need based awards cannot exceed financial need (outside scholarships may be an exception)

11. Financial Aid Office ESTIMATED COA (Cost of Attendance aka ‘Budget’) Budget Item WI Resident Non- Resident MN Resident Midwest Exchange Return to WI Books$500 Room/Board$3,463 Loan Fees$38 Personal$1,000 Transportation$350 Tuition$3,680$7,467$3,878$5,173$5,774 TOTAL$9,031$12,818$9,229$10,524$11,125 The COA is an estimate of total expenses (direct and/or indirect) used to determine financial aid eligibility. It is not necessarily the amount that will appear on your bill. Undergraduate Full-Time Students 2012-2013 (per semester)

12. Financial Aid Office WHAT DOES EFC MEAN? (Expected Family Contribution)  Determined by the information provided on the FAFSA and through federal calculation  Combined parent and student contribution  Determines what types of financial aid a student may be eligible to receive  Not what you owe the university – it is a number used to determine aid eligibility

13. Financial Aid Office FUNDING AT A GLANCE  Scholarships  State, Institutional, Private  Grants or Fee Remission  Federal, State, Institutional  Federal Work-Study  Loans  Subsidized/Unsubsidized Federal Direct Loans  Parent Loans for Undergraduate Students (PLUS)

14. Financial Aid Office SCHOLARSHIPS  www.uwosh.edu/fin_aid www.uwosh.edu/fin_aid  Types of Aid > Scholarships > Available Scholarships  In addition, look to community resources:  Service clubs, corporations, foundations, high school counseling office, employers, etc.

15. Financial Aid Office FEDERAL AND STATE GRANTS (Eligibility determined by filing FAFSA)  Federal  Pell Grant, Supplement Educational Opportunity Grant (SEOG), etc.  State of Wisconsin  Higher Education Grant, Wisconsin Covenant, Tuition Grant, Talent Incentive Program Grant, etc.

16. Financial Aid Office FEDERAL WORK-STUDY (Eligibility determined by filing FAFSA)  Paid through regular bi-weekly paycheck in work-study position (not credited to bill) – student must apply for job, meet job qualifications, interview, etc.  Job Opportunities @ UW Oshkosh  www.uwosh.edu/career/TitanJobs www.uwosh.edu/career/TitanJobs  Convenient locations and flexible hours

17. Financial Aid Office LOAN PROGRAMS  Federal Loan Programs  Subsidized Direct (Stafford) Loans  Unsubsidized Direct (Stafford) Loans  PLUS (parent) Loans  Private/Alternative Loans

18. Financial Aid Office SUBSIDIZED/UNSUBSIDIZED FEDERAL DIRECT LOANS  Student is borrower and eligibility determined by filing FAFSA  Subsidized loan eligibility is based on financial need  All federal student loans for 2012-2013 are at a 6.8%* rate  Repayment begins 6 months after graduating or dropping below half-time status  Maximum Award: $5,500 per year (ED deducts 1% fee automatically)  Subsidized/Unsubsidized combined, freshman, dependent  Master Promissory Note and Loan Entrance Counseling required – student completes at www.studentloans.govwww.studentloans.gov *U.S. Congress may take action to allow subsidized loans for 2012-2013 to be at 3.4%

19. Financial Aid Office PARENT (PLUS) LOANS  Eligibility determined by filing the FAFSA, but separate application required – available on Financial Aid Office website  Not based on financial need and the parent is the borrower  Fixed 7.9% interest rate – credit check required  Repayment begins 60 days after the final disbursement (or parent may contact Direct Loan Services for deferment)  Award amount based on COA minus all other aid awarded  Master Promissory Note required by parent who applied for loan – parent completes at www.studentloans.govwww.studentloans.gov  ED deducts 4% loan origination fee automatically

20. Financial Aid Office PARENT (PLUS) LOAN PROCESS Begin Parent Loan (PLUS) Processing on the Financial Aid Office website, under the Quick Links Read the information carefully and follow the instructions. 1.Application Form 2.Parent MPN

21. Financial Aid Office DISBURSEMENT OF FINANCIAL AID FUNDS  The student will receive an e-mail from Student Accounts in August directing him/her to view the charges in Titan Web and the due date will be in mid-September  Financial aid awards will begin to be disbursed about one week prior to the first day of classes, which is September 5 th  Loan funds are disbursed only after Loan Entrance Counseling and Master Promissory Notes are completed and correct

22. Financial Aid Office ADDITIONAL INFORMATION  Financial Aid Guide  Includes financial aid policies and procedures at UW Oshkosh  Financial Aid Newsletter  Quarterly newsletter presenting timely information  Satisfactory Academic Progress (SAP)  To maintain eligibility for financial aid, a student must complete 67% of all coursework, maintain a 2.00 GPA and graduate within 180 credits www.uwosh.edu/fin_aid

23. Financial Aid Office FINANCIAL AID OFFICE Office Hours: Monday – Friday 7:45 a.m. – 4:30 p.m. Counselor Walk-In Hours: Monday – Friday 10:00 a.m. – 2:00 p.m. www.uwosh.edu/fin_aid Dempsey Hall 104 800 Algoma Blvd. (920) 424-3377 fao@uwosh.edu Individual appointments also available by request

24. Where excellence and opportunity meet.™ QUESTIONS?

25. Financial Aid Office FINANCIAL AID MYTH My family’s income is too high to qualify for financial aid. Financial aid is determined by more than just income. And, regardless of income, a student may qualify for a student loan.

26. Financial Aid Office FINANCIAL AID MYTH A student can accept the Parent (PLUS) Loan in Titan Web and the process is complete. A student cannot accept a parent loan. A parent would need to apply for it via a form available on the Financial Aid website, be approved, and have a valid MPN completed.

27. Financial Aid Office FINANCIAL AID MYTH Students who are not claimed on their parents’ tax return are always considered independent for financial aid purposes. Dependency status is determined by the information you provide on the FAFSA.

28. Financial Aid Office FINANCIAL AID MYTH A student who does not receive a financial aid award letter through the mail will not receive financial aid. Award information is available in Titan Web. Most students will receive a courtesy e-mail directing them to Titan Web to Accept/Decline awards offered. Official award notification is in Titan Web.

29. Financial Aid Office FINANCIAL AID MYTH Students who do not accept all the loans offered to them cannot request them later. Students should only accept the loans they need. A student could receive a loan later, if requested, and eligibility remains.

30. Financial Aid Office FINANCIAL AID MYTH It is too late to apply for financial aid. Students may be awarded financial aid throughout the academic year. File the FAFSA online at www.fafsa.gov.www.fafsa.gov

31. Financial Aid Office FINANCIAL AID MYTH Students who apply for aid this year do not need to apply again next year. Students should file the FAFSA every year. If possible, file the FAFSA by the March 15 th priority date to be considered for limited funded programs.