Financial Aid

Preview DaysFall 2012

209.946.2421 s financialaid@pacific.edu

www.pacific.edu/financialaid

Net Price CalculatorUsing the net price calculator, your information will generate an estimate of the financial aid package awarded to students with similar characteristics. www.pacific.edu/financialaid

Financial Aid at Pacific

Total Aid: >$150 million (Stockton campus, 2011-2012)

Includes over $50 million in University funds More than 80% of our students receive financial aid

Financial aid includes Scholarships and grants Loans Work-study

Academic Scholarships/Freshmen

Powell Scholars Program $15,000 Additional support for undergraduate research,

study abroad Application deadline: December 1

Regents’ Scholarship $10,000

President’s Scholarship $6,500

www.pacific.edu/financialaid

Need-Based Grants & Scholarships

Federal Pell Grant

Federal SEOG

Cal Grant A / Cal Grant B (California residents)

Pacific matches Cal Grants, provided that the student qualifies financially and the combined awards are not in excess of the student’s actual tuition charges.

University awards

www.pacific.edu/financialaid

Cal Grants: “It takes two forms”

Financial eligibility (FAFSA)

Verified Cal Grant GPA Some schools submit GPAs electronically Others have students use the paper GPA form

(available at California Student Aid Commission Web site)

Ask your high school for instructions!

Application Deadline (FAFSA & GPA): March 2

www.csac.ca.gov

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

www.pacific.edu/financialaid

Financial Eligibility

Estimated academic year Costs of Attendance Tuition and other actual and estimated costs Net Price Calculator

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!

In summary . . .

Financial aid “package” Students often qualify for funds from more than one

financial aid program—a financial aid package Scholarship recipients may qualify for aid in addition

to the academic award

Federal PLUS Loan (Application Online)

For parents of dependent undergraduate students FAFSA required

www.pacific.edu/financialaid

FAFSA (Free Application for Federal Student Aid)

Collects information about finances and other circumstances

Used to determine financial eligibility for federal, state, and University aid

Submit through Federal Student Aid processor

File online at www.fafsa.gov (FAFSA on the Web)

No charge to file!

www.studentaid.ed.gov

FAFSA (continued)

FAFSA on the Web Worksheet

Use worksheet to collect information, then file electronically

Worksheet cannot be submitted for processing

2013-2014 worksheets will be available online and at high schools and colleges throughout the U.S.

www.fafsa.ed.gov

FAFSA (continued)

List at least one California college or university

Sign with student and parent PINs Eliminates need to print and mail a signature page

First day to file (online or paper): January 1, 2013

Keep a copy of your completed FAFSA. Online filers, be sure to print and save the confirmation page. If you file a paper FAFSA, get a Certificate of Mailing at the post office.

www.fafsa.ed.gov

Application Checklist: Now

Apply for admission

Get PINs: www.pin.gov

Cal Grant GPA Verification Mail completed form or confirm that school will submit GPA

2013-2014 FAFSA WorksheetEstimate eligibility for federal aid: FAFSA4caster

Scholarship search: www.collegeboard.com, www.fastweb.com, www.schoolsoup.com

Application Checklist: January

File 2013-2014 FAFSA Pacific’s school code: 001329

Priority FAFSA filing date: February 15

Apply on time—don’t wait for an admission decision

Use estimated 2012 income figures if necessary

Reminder: Submit Cal Grant GPA by March 2

After you apply . . .

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 will begin sending award notices by April 1. Follow all instructions for receiving the funds awarded

To make sure SAR email isn’t blocked add FederalStudentAid to address book

2012 Income Documentation

U.S. income tax returns Complete, signed copies of parent and student 2012 tax returns All schedules and attachments, including W-2 forms Send copies to Pacific Financial Aid Office

Non-filer’s Statement Submit this form if you will not file a 2012 income tax return

Not part of initial application process but required for disbursement

To contact us . . .

Financial Aid Office s Knoles HallOpen 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