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3. 3  COA is your annual budget for:  Educational Expenses, including:  Books and supplies  Travel and Rotations  Health, Disability and other fees  Living Expenses (applicable to student only):  Rent  Utilities  Food, Personal, etc

4. 4  Scholarships  Military, WICHE, Institutional, Other Sources  Federal Work-Study  Federal Loans  Stafford loan (subsidized and unsubsidized)  Graduate PLUS loan  Perkins Loan

5. 5 $40,500 1st-year Stafford maximum (Example only, differs per program and length) FORMULA: $55,641 On-campus COA budget - 40,500 Stafford Maximum - 1,000 FWS if applicable - other aid Scholarship/Perkins/etc. $14,141 COA minus Stafford minus all other aid equals Graduate PLUS request $14,141

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7. 7 7  NEW students must complete Steps 1 through 4 in order to receive financial aid  Step 5 is required for students who want the maximum funding  CONTINUING students thereafter must complete a new Institutional Application (Step 2) and a new FAFSA (Step 3) each year to receive financial aid continuously  FAFSA must always be completed by the April 1 st priority deadline date for consideration of Perkins and some scholarships

8. 8 8 Access MWUNET: https://online.midwestern.edu using your login and password. At the “Financial Services” tab choose “Apply for Aid”https://online.midwestern.edu  Complete Financial Aid Steps as early as January 1 st  Classes starting in:  June: Complete no later than May 15 th  Early August: Complete no later than July 15 th  Late August: Complete no later than August 1 st

9. 9 9  Federal Regulations require completion just one time for new borrowers at MWU  Reviews Rights & Responsibilities of all borrowers concerning Federal loans  Save Confirmation for verification of completion  We cannot originate loans until we’ve received the automated electronic notification that your Entrance Counseling is complete

10. 10  Must be completed once each year to receive financial aid  Data used by financial aid office to properly fund students based on:  On- or off-campus housing status  Requested loan amounts  All other aid received for educational purposes  Complete before priority deadline as indicated on our website

11. 11 FREE APPLICATION FOR FEDERAL STUDENT AID  Apply for FAFSA PIN www.pin.ed.govwww.pin.ed.gov  Use our website or www.fafsa.ed.govwww.fafsa.ed.gov  Complete FAFSA as soon as taxes are filed  No later than April 1 st priority deadline date  Use Federal Tax information for income figures  Estimate taxes only if necessary. May be required to refile FAFSA  FAFSA data determines eligibility and need level for federal aid

12. 12 STAFFORD LOAN MASTER PROMISSORY NOTE (Subsidized and Unsubsidized loans) a)Access: https://studentloans.govhttps://studentloans.gov b)“Sign in” using your FAFSA PIN

13. 13 c)Choose “Complete Master Promissory Note”

14. 14 d)Choose “Subsidized/Unsubsidized” for loan type e)Verify the name on your MPN matches your SS card, then electronically sign and you’re finished!

15. 15 GRADUATE PLUS LOAN MASTER PROMISSORY NOTE: (Covers remainder of your budget minus all other aid) Refer to Stafford Loan screenshots a, b, and c to get to the PLUS MPN a)Access: https://studentloans.govhttps://studentloans.gov b)“Sign in” using your FAFSA PIN c)Choose “Complete Master Promissory Note”

16. 16 GRADUATE PLUS LOAN MASTER PROMISSORY NOTE: (Covers remainder of your budget minus all other aid) d)Select loan type “Graduate PLUS” e)Verify the name on your MPN matches your SS card! Review and electronically sign

17. 17  Verify name on your Social Security (SS) card is exactly the same as FAFSA PIN, MPNs and Admissions Records  Name changes must be documented with the SSA and reflected on SS card before using a new name on any documentation  Never change or exchange initials or middle name – use exactly as written on SS card

18. 18  Any name written differently than Social Security card will cause rejects and delays:  If FAFSA PIN doesn’t match Social Security Card:  FAFSA will reject; loan origination is delayed  Master Promissory Note (MPN) will reject; refund check will be delayed  Funding will not post to your student account if name on school records doesn’t match FAFSA PIN

19. 19  Update the Social Security Administration with new name:  Submit application and supporting documentation of name change to: SOCIAL SECURITY OFFICE (59 th Ave/Bell) 5907 W KINGS AVE GLENDALE, AZ 85306 800-772-1213  AFTER SSA UPDATES YOUR NEW NAME:  Deactivate old PIN (answer challenge question wrong 3 times)  Reapply for new PIN  Wait 3 days, then update FAFSA with new name  Complete new MPN applications with new name exactly as indicated on SS card

20. 20  Online Payments  Most efficient  Immediate posting to Student Account  Paper Checks  Least efficient  Takes four business days to process  Account “hold” stays in place until paper check has been processed

21. 21  Return of Excess Funding (new process) 1)Student requests a loan return 2)Student must bring in a check for full amount of return request 3)On 2 nd request, student must set appointment to speak with FAA to work a budget 4)FAA processes check back to lender

22. 22 Access www.midwestern.eduwww.midwestern.edu  Type “ Financial Aid” in search engine  Scroll down to menu box for display choices:  Cost of Attendance Budgets  Loans  Scholarships  Type “ Accounts Receivable” in search engine  Refund Dates – Glendale  Tuition Due Dates  Frequently Asked Questions

23. 23  Only one MPN is required for Stafford Loans  Only one MPN is required for PLUS Loans  EXCEPTION: A new MPN is required each year for cosigned loans.  Never use nicknames on legal documents  Always use name exactly as written on SS card  Track and monitor your loans at our Alumni website www.midwestern.edu/x749.xmlwww.midwestern.edu/x749.xml

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25. 25 Tom BillardDirector572-3321 Karen OwensAssistant Director572-3228 FA AdvisorsStudent’s Last Name Lesa StanfordFA Advisor A thru E572-3322 Lisa VelizFA Advisor F thru K572-3879 Tammy SchmidtFA Advisor L thru P572-3461 Stacia McBrideFA Advisor Q thru Z572-3246 SFS Administrative Assistant Carol DavySFS Administrative Assistant572-3321

26. 26 Tom BillardDirector572-3321 Karen OwensAssistant Director572-3228 Accounts Receivable Staff Terri PauletichAccounts Receivable Senior Coordinator572-3267 Craig LangAccounts Receivable Representative572-3324 JoAnna SvobodaAccounts Receivable Representative572-3782 SFS Administrative Assistant Carol DavySFS Administrative Assistant572-3321

27. 27  Location: Barrel III Student Center  Office Hours: (8:00 a.m. - 4:30 p.m., M-F)  Phone: (623) 572-3321 Fax: (623) 572-3283  Financial Aid: azfinaid@midwestern.edu  Accounts Receivable: azar@midwestern.edu