Financial Aid Information Session

Bachelor of General Studies

Open House

June 21, 2014 - Joanne Brown, Director of Financial Aid

APPLYING FOR FINANCIAL AID

Free Application for Federal Student Aid (FAFSA)

New: Data Retrieval Tool for income reporting*

Certificate of FL Residency Application (FL Residents only)

FINANCIAL AID PROGRAMS

Federal Aid(FAFSA required each year)

• Federal Pell Grant - $0 to $2865/sem (note: disburses after drop/add-census date)

• Federal Supplemental Education Opportunity Grant (FSEOG) * - $0 to $2000/sem

*Funding limited – apply early

Federal Aid(FAFSA required each year)

• Federal Direct Loans– Subsidized 4.66% eff 7-1-14

– Unsubsidized 4.66% eff 7-1-14

– Parent PLUS 7.21% eff 7-1-14

• Federal Perkins Loan* 5.00% *Funding limited – apply early

State of Florida Aid(FL Residency & FT enrollment required)

• FL Resident Access Grant (FRAG)• FL Bright Futures

– FL Academic Scholarship– FL Medallion– FL Gold Seal Voc Ed

FINANCIAL AID AWARD PROCESS

CaneLink – student portal

CaneLink – student portal

CaneLink – student portal

#4 - Accept/Decline Awards to accept student loans offered

Student Loan Borrower Process : (MPN & Entrance Counseling)

Parent PLUS Loan Process (Dependent students only)

Calculating Financial Need

Cost of Attendance- Expected Family Contribution- Other AidFinancial Need

Satisfactory Academic Progress

Satisfactory Academic Progress (SAP)

Federal SAP is measured each semester!

Apply for Financial Aid Early & Each Year!

New Transfer – March 1st

Continuing Students – April 15th

Office Hours:Mon-Fri 8:30 am – 5:00 pm

Phone: 305-284-5212Email: ofas@miami.edu

Website: www.miami.edu/ofas