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Financing Your College Education. We are accredited by ACICS (Accreditation for Independent Colleges And Schools) and regulated by the Department of Education.

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Presentation on theme: "Financing Your College Education. We are accredited by ACICS (Accreditation for Independent Colleges And Schools) and regulated by the Department of Education."— Presentation transcript:

1 Financing Your College Education

2 We are accredited by ACICS (Accreditation for Independent Colleges And Schools) and regulated by the Department of Education and the Texas Higher Education Coordinating Board.

3 For a good job and better pay Unemployment Rate in 2010 Level of Education Average Earnings in 2010 10.3%High School graduate, no college $39,988 9.2%Some college, no degree$46,228 7.0%Associate degree$49,764 5.4%Bachelor’s Degree$72,020 Source: Bureau of Labor Statistics, Current Population Survey, unpublished tables, 2011

4 College Savings Save or Borrow Prepaid Tuition Plans 529 Education Savings Plans Dual Credit Programs Credit by Examination

5 Tuition/Fees $ 11,900 Books& Supplies $ 600 - $1,400 ( OPTIONAL ) Dorm $ 2,400 - $4,800 ( OPTIONAL ) Meal Service $ 2,700 - $3,300 ( OPTIONAL ) NAU is comparable to other traditional local universities.

6 Types of Financial Aid Scholarships Grants Work Study Veteran’s Benefits Loans

7 Rewards for Good Grades! Scholarships NAU Institutional Scholarships Merit-based scholarships available for all incoming and existing students that attend NAU $11,000!! Awards up to $11,000!! Scholarship eligibility re-evaluated before each Fall semester Asset Scholarship based upon eligibility and on a first- come basis. Renewal and GPA Success Scholarships available to continuing students.

8 Foundation - $11,000 per year Board - $9,000 per year President - $7,000 per year Provost - $6,000 per year NAU - $4,000 per year Talk with Admissions for eligibility and scholarship application.

9 NAU strongly encourages students to apply for private scholarships Fastweb.com Collegeboard.com Scholarships.com Be sure to check eligibility requirements and deadlines

10 Visit www.fafsa.gov to complete your Free Application for Federal Student Aid (FAFSA) Enter NAU school code: 041795 Apply for Pin at www.pin.gov Helpful tutorials on website

11 FAFSA requires tax information for you, your parent(s), and spouse, if applicable. In order to insure accuracy, use the IRS Data Retrieval Tool to transfer the tax information from the IRS directly onto your FAFSA

12 Federal Pell Grant Up to $5730 Pell Grant 2014-2015 A Federal Pell Grant is a need based grant that does not have to be repaid. Your eligibility will be determined based on the results of your FAFSA.

13 Federal Work Study is a need-based employment program providing on-campus jobs to students. Your eligibility will be determined based on the results of your FAFSA.

14 Chapter 33 – Post 9/11 GI Bill Chapter 30 – Montgomery GI Bill (MGIB-AD) Chapter 35 – Dependents Educational Assistance (DEA) Chapter 31 – Vocational Rehabilitation Chapter 1606 – Montgomery GI Bill – Selected Reserve (MGIB-SR) Chapter 1607 – Reserve Educational Assistance Program (REAP) There are a variety of GI Bill education benefits that can be used at NAU Veterans and those with GI Bill and Department of Defense entitlements are processed through our financial aid office.

15 DependentIndependent Freshmen$5,500 ($3,500)$9,500 ($3,500) Sophomore$6,500 ($4,500)$10,500 ($4,500) Junior & Senior$7,500 ($5,500)$12,500 ($5,500) Maximum Amount$31,000 ($23,000)$57,500 ($23,000) Subsidized & Unsubsidized Direct Stafford Of the maximum amount, the numbers in parentheses represents the total amount that may be subsidized. Federal Direct Loans are borrowed funds lent by the U.S. Department of Education that must be repaid. Your eligibility will be determined based on the results of your FAFSA and NOT your credit history.

16 See your complete financial package

17 Satisfactory progress in attendance and academic work is a requirement for all students enrolled in NAU in order to continue to receive Financial Aid. See Student Handbook for additional requirements

18 Apply for Institutional and Private Scholarships Visit www.fafsa.gov to complete your Free Application for Federal Student Aid (FAFSA) NAU school code: 041795 Upon admission, receive Estimated Award Letter from Financial Aid Office

19 Amy Giap Director of Financial Aid 832-230-5555 Ext 126 amy@na.edu Don’t Wait. Visit us Today. Tia Simon Financial Aid Advisor 832-230-5555 Ext 156 tsimon1@na.edu Sandra Makinano Financial Aid Advisor 832-230-5555 Ext 227 sandra@na.edu


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