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Welcome Applicants! Midwestern University-Glendale Financing Your Health Professions Education Podiatric Medicine Presented by: Tammy Schmidt Lisa Veliz.

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Presentation on theme: "Welcome Applicants! Midwestern University-Glendale Financing Your Health Professions Education Podiatric Medicine Presented by: Tammy Schmidt Lisa Veliz."— Presentation transcript:

1 Welcome Applicants! Midwestern University-Glendale Financing Your Health Professions Education Podiatric Medicine Presented by: Tammy Schmidt Lisa Veliz Lesa Stanford Stacia McBride

2 How Much Will It Cost to Attend MWU? Average Annual Costs (10-Month Budget) Figures based on 2010-11 Academic Year  $51,858 for students living with parents  $55,593 for students living on campus  $60,008 for students living off campus Cost of Attendance increases 5% to 7% annually.

3 Cost of Attendance Includes educationally related expenses for student only, such as: Tuition, Books & Supplies Insurance Rent & transportation Personal Expenses Cost of Attendance does not include: Car payments, Credit Card payments Moving expenses Higher-than-average rent or mortgage 1 Dependent Care expenses (Exception: 1 Daycare expenses for single students or married students with working spouses)

4 Total Cost of Attendance Budget ComponentAmount Tuition30,125 Student Services Fee450 Health Insurance2,100 Disability Insurance40 Books & Supplies3,702 Room & Board (Rent, Utilities & Food) On Campus11,900 Off Campus14,150 With Parents6,000 Transportation On Campus1,083 Off Campus/With Parents3,248 Auto Insurance & Registration1,650 Personal Expenses3,250 Loan Fees1,293 Total On Campus55,593 Off Campus60,008 With Parents51,858

5 International Packet is mandatory for: F-1, J-1 or "Unknown" statuses. 2011-12 APPLICANTS BIOMEDICAL SCIENCES - MA$ 60,000 OPTOMETRY$232,000 VISA REQUIREMENTS: TOTAL PROGRAM COST IS REQUIRED TO BE DEPOSITED IN A U.S. BANK BANK MUST RESIDE INSIDE THE U.S. PHYSICAL THERAPY$177,000 CLINICAL PSYCHOLOGY$250,000 DO - MEDICAL$330,000 PODIATRIC MEDICINE$242,000 PHARMACY$219,000 PHYSICIAN ASSISTANT$149,000 NURSE ANESTHESIA$141,500 OCCUPATIONALTHERAPY$143,500 CARDIOVASCULAR SCIENCE$116,000 DENTAL MEDICINE$379,000 TOTAL PROGRAM COST

6 Eligibility Federal Citizen or Eligible Non-Citizen Selective Service Registration No Unresolved Drug Convictions Not in Default Credit Check: Federal GradPLUS Private Bankruptcy Other Adverse Credit

7 TYPES OF AID TYPES OF AID SCHOLARSHIPS FEDERAL WORK-STUDY FEDERAL WORK-STUDYLOANS

8 Western Interstate Commission for Higher Education (WICHE) Professional Student Exchange Program $13,500 Support Fee for 2010-2011 For residents of selected Western States only: Alaska, Montana, New Mexico, Utah, Wyoming http:// www.wiche.edu/psepwww.wiche.edu/psep Health Professions Scholarship Program–U.S. Navy Competitive Service requirement Full tuition and fees Monthly stipend $2,060 Contact a local Navy Recruiter (602) 254-3347 Scholarships

9 InstitutionalAid Institutional Aid MWU’s Spirit of Service Scholarship –Need-based aid –$3,500 to $5,000 –Continuing students only Apply early Utilize our website for additional scholarship listings and searches http://www.midwestern.edu/finaid

10 FederalWork-Study Federal Work-Study On-Campus Community Service (on or off campus) $1,000 per year $9.00/hr on-campus $11.00/hr Community Service Indicate Work-Study interest on FAFSA

11 FEDERAL LOANS PERKINS (subsidized loan) –Based on eligibility of neediest students –Amounts vary from $2,500 to $3500 –Apply before priority deadline STAFFORD: (subsidized/unsubsidized loan) –Automatically awarded with FAFSA application –Annual limit $42,722 –Aggregate limit $224,000 GRAD PLUS: (Credit-based loan) –Covers the remainder up to cost of attendance.

12 PRIVATE LOANS –Variable interest rates –Repayment grace period –No cap on interest rate –Limited number of private lenders –May require co-signer –Credit check is required for consideration of both GradPLUS and private loan programs Review credit report annually www.annualcreditreport.com www.annualcreditreport.com **See Comparison Chart for Federal Grad PLUS and Private Loans

13 Application Process Apply for financial aid online as soon as matriculation deposit is made Financial Aid tab available via MWU NET (full online application instructions) Living expense refunds disbursed during week after class begins Please come prepared with one month’s living expenses! Check your MWU e-mail and Message Board for Notifications * Priority Deadline (Early April)

14 Contact Us Office Hours: Monday-Friday 8:00 to 4:30 Phone- (623) 572-3321 Fax- (623) 572-3283 Federal School Code – E00906 azfinaid@midwestern.edu

15 Questions


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