Financial AidOffice of Student Financial Aid

Financial AidFinancial aid is various forms of funds available to help pay for student’s post

secondary education

Apply to The University of Akron for scholarship considerationComplete the Admission Application online at

www.uakron.edu/apply

• $ 45.00 Application fee• High school transcript• ACT or SAT test score results

SCHOLARSHIPS Majority are merit-based

– The office of Student Financial Aid awards 3 general scholarships ranging from $7,500-$2,000. We begin awarding our general scholarships in December and complete awarding these by March 15th.

Scholarships are awarded based on the highest combination of High School GPA and Standardized Test scores

New test scores and transcripts must be received in the Admissions Office by March 1 to be considered for potential scholarship increases

SCHOLARSHIPS• Choose Ohio First Scholarship Program• STEM Scholarship Science Technology Engineering and

Mathematics and medicine (or math/science education)Awarded through the Office of Student Success Apply at: http://www.uachooseohiofirst.com Application deadline: March 1st

Underrepresented Students.• Scholarship applications are available for entering freshmen

who have been historically underrepresented

• Application deadline March 1st

• Apply at: http://www.uakron.edu/finaid

Apply early

Submit admissions application and ACT/SAT scores no later than March 1st.

Scholarships are awarded based on a combination of GPA (grade point average) and ACT/SAT scores

Scholarship sources• Private foundations, businesses, charitable organizations,

school counselors• Civic organizations, Employers, Credit unions• High Schools counselors• Scholarship sites - www.fastweb.com - www.scholarships.com - www.collegenowgc.org - www.uakron.edu/finaid

State of Ohio Student Aid

Ohio Board of Regents program - Ohio War Orphans Scholarship - Ohio Safety Officers College Memorial Fund - Robert C. Byrd Honors Scholarship

Board of Regents www.ohiohighered.org

Foster Care - ETV• Ohio Education Training Voucher• Foster Care to Success program• Offers funds to foster youth to enable them to

attend colleges and universities• Application available July 1st

• www.fc2sprograms.org/ohio• Click Ohio on the map to obtain information

Cost of Attendance

• Direct costs: tuition, room & board, meal plan

• Indirect costs: Books, personal items, transportation costs

• Direct & Indirect costs combined into cost of attendance

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Renewal Scholarships

Scholarship for Excellence $4,500-$7,500 College GPA minimum:

3.25

Presidential Scholarship $3,000-$4,000 College GPA minimum:

3.00

Student Success Scholarship $1,000-$2,500 College GPA minimum:

2.75

Available January 1, 2016aid year 2016-2017

Obtain a FSA ID (federal student aid ID) used as your legal signature

www.studentaid.gov/fsaidCreate a password for student and parentComplete the Free Application for Federal Student Aid (FAFSA) at www.fafsa.gov

Expected Family Contribution

Colleges use the EFC to award Federal Financial Aid

Must complete the FAFSA every year that your son/daughter is in college

How financial aid is determined

Cost of attendance - Expected Family Contribution------------------------------------- Financial Need

Avoid common errorsIncorrect Social Security Number

Failing to use your legal nameWrong federal tax paid

Decimal pointsWrong adjusted gross income

Gender

To be eligible for federal student aid, male citizens and male immigrants residing in the U.S. aged 18 – 25 are required to register with the Selective Service System. This requirement applied to any person assigned the sex of male at birth. The Selective Service System and the registration requirement for males preserve America’s ability to provide resources in an emergency to the United States Armed Forces (Army, Navy, Air Force, Marines, or Coast Guard)

IRS DATA RETRIEVAL TOOL (DRT)

The IRS DRT process is enhanced to more effectively encourage users to link to and transfer data from the IRS

More applications will have more accurate data, which will contribute to increased accuracy in awarding aid

IRS DATA RETRIEVAL TOOL (DRT)

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Student Aid Report (SAR)print and keep a copy for your records

Student Aid Report (SAR)print and keep a copy for your records

FAFSA HighlightsDependent students’ FAFSA must include income and other information about both of the student’s legal parents (biological or adoptive) if the parents are living together, regardless of the parents’ marital status or gender.

FAFSA INCOME VERIFICATION

• All applicants are reviewed for — Adjusted gross income (AGI) Taxes paid

Household sizeNumber in collegeReceiving assistanceUntaxed income

MARCH 2016

Federal and State Aid Award Notifications will be mailed

to New Freshmen Students

Federal Aid based on EFC• Grants Pell grant Supplemental Educational Opportunity Grant • Federal College Work-Study Provides part-time employment enrolled in school

LOANS• Student Loans Perkins Loan 5% Simple Interest Nursing Loan 5% Simple Interest Direct Loans (Subsidized & Unsubsidized), currently 4.29% $ 3,500 $ 2,000 • PLUS – Parent Loan for undergraduate students Fixed rate: 6.84%

FAFSA• Check the status of your FAFSA or just have questions?

Call the U.S. Department of Education at 1-800-433-3243 (1-800-4-FED-AID)

FAFSA help Ohio College Goal Sunday – February 14, 2016 @ 2 pm

Register at: www.ohiocollegegoalsunday.orgHosted by The University of Akron-Main Campus

Simmons Hall - 277 E. Buchtel Ave. Akron, Ohio 44325

Special Circumstance Loss of income

CONTACT THE SCHOOLFINANCIAL AID OFFICE

FOR ASSISTANCE

Other payment options• If you do not have enough money through financial aid

to pay your bill in full, available to you is our Installment Payment Plan (IPP)

• Link IPP online through your My Akron account

Books Be financially prepared to purchase books

Office of Student Financial AidPhone: 330-972-7032

www.uakron.edu/finaid

Questions