1. Education is Affordable at UNM

2. What Is Financial Aid? Scholarships Grants Loans Student Employment opportunities

3. Financial Aid is Available… from the following: Federal government State of New Mexico University of New Mexico Tribal agencies Scholarships

4. Free Application for Federal Student Aid (FAFSA)  The Dept. of Education compiles student and family information used to calculate the student’s Expected Family Contribution (EFC)  File the FAFSA on the Web at www.fafsa.gov www.fafsa.gov  UNM’s priority filing date is March 1 st

5. FAFSA on the Web Worksheet FAFSA Worksheet  10-page booklet  Print to use as a “pre-application” worksheet  Questions follow order of FAFSA on the Web  FAQ is available within the worksheet Requires a PIN to sign on-line: www.pin.ed.gov

6. www.fafsa.ed.gov -File online -Use the worksheet -Obtain your pin number

7. Information Needed for FAFSA Worksheet Social Security Number Taxed and Untaxed Income Family information File your taxes as early as possible You may use estimated tax information to meet the priority date

8. Expected Family Contribution The Expected Family Contribution (EFC) is used to determine your eligibility for financial aid.

9. Cost of Attendance Tuition and Fees Room and Board Books and Supplies Transportation Miscellaneous Costs vary between universities

10. Cost of attendance minus Expected family contribution equals “Financial need” What is Financial Need?

11. Dependent student living with parent Dependent student living off campus Independent student living Off campus Tuition & Fees 1434 Room & Board2858 7948 Books & Supply944 Transportation1660 Miscellaneous18603044 Total$8756$13846$15474 UNM VC Undergraduate Budget 2010/2011

12. Grants –Does not have to be paid back –Usually awarded on the basis of financial need Federal Pell Grant Federal Supplemental Educational Opportunity Grant State Student Incentive Grant (SSIG) UNM Legislative Grants

13. Loans –Money students and parents borrow to help pay educational expenses. –Repayment usually begins six months after graduation Subsidized Stafford Unsubsidized Stafford Parent Loan (PLUS)

14. Student Employment Workstudy (Need & No-Need) –Requires FAFSA Student Employment –No FAFSA needed Allows students to earn money to help pay educational costs

15. Student Employment Website http://www.unm.edu/~wsestudy/

16. Satisfactory Academic Progress Federal regulations require that students maintain satisfactory academic progress. 2.0 Cumulative GPA 67% Completion Average 150% of required degree hours

17. Scholarships –Eligibility requirements vary –May require FAFSA –Deadlines and application procedures vary –Where can I find scholarships? Internet: www.fastweb.com Scholarship Office – Scholarship binder Check with your tribal higher education office

18. Legislative Lottery Scholarship Pays tuition only Begins 2 nd semester No application required Requirements: NM Resident Graduate of NM High School or NM GED Full-time student Minimum 2.5 GPA

19. http://www.unm.edu/~unmvc/finaid/finaid.htm

20. LoboWeb Enter LoboWeb through https://my.unm.edu

21. Self-Service - LoboWeb

22. Important Web Sites Financial Aid https://my.unm.edu http://www.unm.edu/~unmvc/ Scholarships http://www.fastweb.com Loan Counseling and Promissory notes https://studentloans.gov FAFSA on the Web http://www.fafsa.ed.gov