Aquinas College Webinar: All About Financial Aid
Presented by the Aquinas College Office of Admissions & Financial Aid
Ian...
PHILOSOPHY OF FINANCIAL AID
Financial Aid is a topic to be addressed with sensitivity
Our Finanical Aid and Student Accoun...
TUITION AND FEES
Tuition:
$19,950
Required fees:
$600
Total cost: $20,550
Room:
$5,500

Board:
$3,200
Total cost: $29,250 ...
BASICS OF FINANCIAL AID
Merit-based (Academic Scholarships)
Merit-based aid depends on your academic merit and does not de...
HOW IS FINANCIAL NEED
DETERMINED?
FAFSA – Free Application for Federal Student Aid
- A FAFSA is required to receive any ty...
TYPES OF AID – FEDERAL / STATE
Federal Aid
PELL Grant
Determined by need, based on FAFSA (EFC and COA)
Maximum of $5,645 p...
TYPES OF LOANS
Subsidized vs. Unsubsidized (Stafford Loans)
Subsidized
Available to undergraduates who demonstrate financi...
TYPES OF AID - INSTITUTIONAL
President and Vice President’s Scholarships
President’s Scholarship - ACT 28 / SAT 1260 (Crit...
APPLICATION PROCESS
1) Complete the FAFSA online at www.fafsa.ed.gov to be considered for federal and state aid (a
FAFSA i...
YOUR AWARD PACKAGE
Financial Aid Shopping Sheet – you will receive a
copy of your shopping sheet after you have
been admit...
PAYING YOUR BILL
In order to pay your bill, you must first log in to the student portal:
http://www.aquinascollege.edu/stu...
Q AND A:
Questions?
Please contact the Office of Admissions at:
4210 Harding Pike
Nashville, TN 37205
Phone: (615) 297-7545
E-mail Ian: turnbe...
Interested in visiting? Please complete our campus visit
request form:
http://www.aquinascollege.edu/admissions/visit-aqui...
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Aquinas College Financial Aid Webinar Presentation - Spring 2014

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In this presentation we will be discussing financial aid. The topics of discussion will include: The philosophy of financial aid, the different types of financial aid that are available, Aquinas College scholarships, how to apply for financial aid, and the costs (tuition, fees, room and board) of attending Aquinas College and how we can help you finance your future.

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Aquinas College Financial Aid Webinar Presentation - Spring 2014

  1. 1. Aquinas College Webinar: All About Financial Aid Presented by the Aquinas College Office of Admissions & Financial Aid Ian Turnbell Sarah Babish Martha Martinez
  2. 2. PHILOSOPHY OF FINANCIAL AID Financial Aid is a topic to be addressed with sensitivity Our Finanical Aid and Student Accounts offices are here to provide financial resources and information that will enable students to maximize their education experience A means to an end – Financial Aid is providing you access to higher education Financial aid is not intended to cover all the costs of your college education, rather, it is meant to supplement your family contribution
  3. 3. TUITION AND FEES Tuition: $19,950 Required fees: $600 Total cost: $20,550 Room: $5,500 Board: $3,200 Total cost: $29,250 / yr *This does not include the cost of books, or other student incurred expenses
  4. 4. BASICS OF FINANCIAL AID Merit-based (Academic Scholarships) Merit-based aid depends on your academic merit and does not depend on the existence of financial need Need-based (Loans and Grants) Need-based aid is awarded based on information from your FAFSA Special Awards Institutional awards Catholic Student Award Housing grant Outside awards These awards will complement your financial aid package Should be reported to the financial aid office
  5. 5. HOW IS FINANCIAL NEED DETERMINED? FAFSA – Free Application for Federal Student Aid - A FAFSA is required to receive any type of need-based aid (loans, grants, etc) A student’s need is calculated by finding the difference between the cost of attendance and a family’s expected family contribution (EFC) -What are the parents able to contribute? (Parent Contribution – PC) -What is the student able to contribute? (Student Contribution – SC)
  6. 6. TYPES OF AID – FEDERAL / STATE Federal Aid PELL Grant Determined by need, based on FAFSA (EFC and COA) Maximum of $5,645 per year Federal Supplemental Educational Opportunity Grant (FSEOG) Available to students who demonstrate exceptional financial need Awarded by the school Up to $750 per year Federal Work Study Eligibility determined by FAFSA Students work on campus to earn money for college related expenses Tennessee State Aid HOPE Scholarship 21 ACT or 3.0 GPA Up to $4,000 per year (or $6,000 if enrolled full time through the summer) ASPIRE Award Meet HOPE requirements Household adjusted gross income of less than $36,000/year Award amount – up to $1,500 per year - supplement to the HOPE scholarship General Assembly Merit Scholarship Graduate from a TN Public or Private school (recognized by the state as an accredited institution) 3.75 weighted GPA AND 29 ACT score $1,000 per year
  7. 7. TYPES OF LOANS Subsidized vs. Unsubsidized (Stafford Loans) Subsidized Available to undergraduates who demonstrate financial need Government pays interest on the loan until six months after student gradutes or leaves school Unsubsidized Not based on need Student pays all interest, which starts accruing immediately, including while enrolled in school PLUS Loan – Parent Loans for Undergraduate Students Parents may borrow up to the full cost of their children’s education, less the amount of any other financial aid received Credit check required Available to parents of dependent children Personal Loans and/or Private Loans
  8. 8. TYPES OF AID - INSTITUTIONAL President and Vice President’s Scholarships President’s Scholarship - ACT 28 / SAT 1260 (Critical Reading & Math) and a minimum 3.5 GPA Award: 100% tuition Vice President’s Scholarship - ACT 25 / SAT 1140 (Critical Reading & Math) and a minimum 3.2 GPA Award: 50% tuition **Two letters of recommendation and a personal interview are required for both of these scholarships Academic Scholarships The Provost’s Award for Academic Excellence- $4,000 Dean’s Award for Academic Excellence- $3,000 Distinguished Scholar Award- $2,000 Aquinas Scholar Award - $1,000 Housing Grant - for out of state students – amounts vary Catholic Student Award - $2,000 Transfer Student Scholarship: - Two transfer award levels $1,000 and $2,000 (depends on GPA 2.75 or 3.5) Students notified of scholarship at time of admission Students also eligible for Catholic Student Scholarship and Housing Grant
  9. 9. APPLICATION PROCESS 1) Complete the FAFSA online at www.fafsa.ed.gov to be considered for federal and state aid (a FAFSA is not required for merit based or endowed scholarships, and must be completed each year) Tennessee students are encouraged to complete the FAFSA prior to March 1st because of limited state funding 2) List code 003477 - the FAFSA form requests school codes for your college choices - be sure to list Aquinas College as your first choice to avoid delays in processing your file You will receive a Student Aid Report (SAR) You may be selected for Verification 3) Complete the Aquinas College Scholarship Application 4) Students accepting Stafford, PLUS, or Alternative Loans are required to complete a Master Promissory Note
  10. 10. YOUR AWARD PACKAGE Financial Aid Shopping Sheet – you will receive a copy of your shopping sheet after you have been admitted to the college and after you have submitted your FAFSA You must accept/decline components of your award package in the student portal Student portal is accessible through the Aquinas College website This shows your net cost to attend Aquinas
  11. 11. PAYING YOUR BILL In order to pay your bill, you must first log in to the student portal: http://www.aquinascollege.edu/student-and-faculty-login/ You can either pay your tuition balance in full, or sign up for the Installment Payment Plan Installment Payment Plan: ¼ of balance plus the $55.00 payment plan fee is due at enrollment (this $55 fee is due each term) 3 additional payments are due on the 1st of the following three months ECHECK payment has no additional fee All credit and debit cards are charged a 2.9% user fee **You may allow payment access to a parent or other third party by adding them on your payment page under the Parent Pin Box**
  12. 12. Q AND A: Questions?
  13. 13. Please contact the Office of Admissions at: 4210 Harding Pike Nashville, TN 37205 Phone: (615) 297-7545 E-mail Ian: turnbelli@aquinascollege.edu E-mail Sarah: babishs@aquinascollege.edu E-mail Martha: martinezm@aquinascollege.edu
  14. 14. Interested in visiting? Please complete our campus visit request form: http://www.aquinascollege.edu/admissions/visit-aquinascollege/ Or Contact Anthony Lena, our Campus Visit Coordinator, at 615-297-7545 ext. 428

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