1. Financial Aid Profile Day 2013 209.946.2421  financialaid@pacific.edu

2. Financial Aid at Pacific  Total Aid: >$150 million (Stockton campus, 2012-2013)  Includes over $70 million in University funds  More than 80% of our students receive financial aid  Financial aid includes  Scholarships and grants  Loans  Work-study www.pacific.edu/financialaid www.studentaid.gov

3. Need-Based Grants & Scholarships  Federal Pell Grant  Federal SEOG  Cal Grant A / Cal Grant B (California residents)  University Grants/ UOP GRANT

4. Federal Student Loans & Work-Study  Federal student loans  Low interest rates and generous repayment terms  Repayment begins after the student leaves school and the grace period has expired  Federal work-study  Part-time employment during the school year

5. Parent Resource  Federal PLUS Loan (Application Online)  For parents of dependent undergraduate students  Loans are approved based on credit history  7.9% interest rate  FAFSA is required  If the loan is denied: We can offer the student additional Unsubsidized Loan eligibility up to $4000.00 Obtain a co-signer/endorser

6. Financial Eligibility Estimated academic year Costs of Attendance  Tuition and other actual and estimated costs (minus) Expected Family Contribution (EFC)  Calculated on the basis of FAFSA information using formulas prescribed by the federal government = Financial Need  Most aid is for students who demonstrate financial need  Exceptions: PLUS Loan (parents), Unsubsidized Stafford Loan Your eligibility can vary from school to school!

7. In summary...  Financial aid “package”  Students often qualify for funds from more than one financial aid program, thus a financial aid package  Scholarship recipients may qualify for aid in addition to the academic award

8. Documentation  Federal Student Aid Report (SAR)  Check carefully against completed 2012 tax returns and submit corrections if necessary  California Aid Report (CAR)  Notifies Cal Grant recipients of award value  Financial Aid Award  Pacific has started sending award letters via the Student Pacific e-mail.  Follow all instructions for receiving the funds awarded

9. 2012 Verification : Pacific is a 100% verification institution. Documentation is required for all incoming students to verify aid eligibility and ultimately the disbursement of financial aid. Once your 2012 Federal Taxes have been filed, you may opt to use the IRS data retrieval tool to update your FAFSA. Copies of W-2 forms (if any) will still be required to complete the student’s file. A “non-filers statement” is available online for those parents and students who are not required to file a tax return.

10. 2012 Verification (cont.) Once your 2012 Federal Taxes have been filed, order a copy of the 2012 Federal Tax Return Transcript at: www.irs.gov under “Order a return of Account Transcript”. The Transcript will be mailed to you. Please provide Pacific a copy of the transcript and W-2 forms. If taxes will not be filed students and parents will have the opportunity to compl ete a “non-filers statement” online via insidePacific

11. Student Award Notification

12. Your Financial Aid Information www.pacific.edu

13. Financial Aid Tab Under Academic Services

14. The Financial Aid Menu

15. Financial Aid Detail All free money will be noted as “accepted” all other programs will require student action to accept or decline

16. www.pacific.edu/financialaid www.studentaid.gov Required Documents

17. Additional Information About Loans Student and Parent A master promissory note and an entrance counseling session will be required of all new borrowers. These requirements are completed online at: www.studentloans.gov First day to complete will be July 1.

18. Importance of Accepting your FA Affects billing Impacts University Payment plans Loans take time (2-3 Business days) Master Promissory Note Entrance Counseling www.studentloans.gov Disbursement

19. Financial Literacy The University of the Pacific has developed a series of workshops to provide students a foundation for a balanced financial future. Topics include: Developing a realistic budget Knowing student loan rights and responsibilities Make the most of the student loan grace period Paying the interest that accrues on your loans during periods when payments aren’t required Understanding and limiting credit card use

20. Need help? Contact us: Financial Aid Office  Knoles Hall Open Monday–Friday, 8:30–5:00 Counselors available (except Wednesday mornings) 9:30–12:00 and 1:00–4:00 209.946.2421 financialaid@pacific.edu www.pacific.edu/financialaid