Financial Aid OverviewFinancial Aid Overview
Presentation offered by:
Kirsten Lehrmann, Assistant Director
About Student FinancialAbout Student Financial
Aid and ScholarshipsAid and Scholarships
• SFAS is located on the 1st
and 2...
What Is Financial Aid?What Is Financial Aid?
• Financial Aid is money from the federal
and state government, the instituti...
Types of AidTypes of Aid
• Grants
Need based funds the
student does not repay.
• Work Study
Need based award which
allows ...
What is the financial aidWhat is the financial aid
process at UNT?process at UNT?
Students should:
• Obtain a PIN through:...
Priority DatesPriority Dates
• Priority dates are not deadlines
• Target dates to submit FAFSA and/or additional
informati...
Additional Information RequestedAdditional Information Requested
If additional information is requested,
students will be ...
May impact awards or eligibility
• Degree/Program information-Double majors
• Satisfactory Academic Progress
- Qualitative...
• Appeals
- Serious injury
- Extended Illness
- Death of a relative
• Extraordinary
expenses
- Medical/dental expenses
- E...
How does a student useHow does a student use
financial aid to pay for classes?financial aid to pay for classes?
Pending Ai...
Pending Aid ExamplePending Aid Example
Tuition & Fees $4,000
- Scholarships = $1,000
- Pell Grant = $500
- Stafford Loan =...
Disbursement of AidDisbursement of Aid
Fall awards begin disbursing to UNT a week
before classes begin. Pending Aid that h...
Need More Information?Need More Information?
www.unt.edu/finaid
SFAS Office Hours:
• Monday-Friday; 8-5
SFAS Phone Number:...
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Financial Aid Overview, Fall 2010

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Financial Aid Overview, Fall 2010

  1. 1. Financial Aid OverviewFinancial Aid Overview Presentation offered by: Kirsten Lehrmann, Assistant Director
  2. 2. About Student FinancialAbout Student Financial Aid and ScholarshipsAid and Scholarships • SFAS is located on the 1st and 2nd levels of the ESSC • Full-time staff at front counters and phones • Collectively, our staff has 281 years of financial aid experience • Annually award over $280 million in financial aid and scholarships
  3. 3. What Is Financial Aid?What Is Financial Aid? • Financial Aid is money from the federal and state government, the institution of higher education, and private resources that assist a family in meeting the cost of the student’s education.
  4. 4. Types of AidTypes of Aid • Grants Need based funds the student does not repay. • Work Study Need based award which allows the student to participate actively in meeting the cost of their education while gaining valuable work experience. • Loans Borrowed money that must be repaid. • Scholarships - University General Academic Scholarships - Departmental - External
  5. 5. What is the financial aidWhat is the financial aid process at UNT?process at UNT? Students should: • Obtain a PIN through: www.pin.ed.gov • Collect documents needed to apply • Complete the Free Application for Federal Student Aid (FAFSA) at: www.fafsa.gov • Be conscious of UNT’s Priority Dates • Check their To Do List often • Respond to requests for additional information in a timely manner • Take advantage of the 8 months they have to prepare for the upcoming year
  6. 6. Priority DatesPriority Dates • Priority dates are not deadlines • Target dates to submit FAFSA and/or additional information to SFAS FALL/SPRING • Submit FAFSA to the Federal Processor by: March 31st • Respond to SFAS’ requests for additional information by: May 15th *The Summer Application for Financial Aid does have a deadline.
  7. 7. Additional Information RequestedAdditional Information Requested If additional information is requested, students will be contacted through several modes of communication including:  To Do List  Message Center • Mail • Email • Telephone Students should check their often in order to respond to requests in a timely manner.
  8. 8. May impact awards or eligibility • Degree/Program information-Double majors • Satisfactory Academic Progress - Qualitative (GPA) Undergraduates: 2.0 Graduate Students: 2.75 - Quantitative-hours required to complete • Maximum Hours 120 hours x 150%=180 hours of eligibility • Length of time in school • Number of enrolled hours - Student Teaching Students’ Academic InformationStudents’ Academic Information
  9. 9. • Appeals - Serious injury - Extended Illness - Death of a relative • Extraordinary expenses - Medical/dental expenses - Elementary or secondary school tuition - Elder care Special ConsiderationsSpecial Considerations • Changes in income - Loss of job - Loss of parent - Loss of benefits (child support, social security) • Dependency overrides - Abuse - Abandonment - Neglect
  10. 10. How does a student useHow does a student use financial aid to pay for classes?financial aid to pay for classes? Pending Aid is scholarships the student has been awarded and/or financial aid the student has "Accepted" on . Pending Aid does NOT include College Work-Study or Parent (PLUS) Loans that have been denied due to adverse credit history by the lender. Parent (PLUS) Loans will count toward Pending Aid if the Parent (PLUS) Loan borrower does not have an adverse credit history and SFAS has received a credit approval by the lender.
  11. 11. Pending Aid ExamplePending Aid Example Tuition & Fees $4,000 - Scholarships = $1,000 - Pell Grant = $500 - Stafford Loan = $750 - Work-study = $2,000 - Parent (PLUS) Loan = $6,000 (credit not approved) How much will the student be required to pay? $4,000 - $1,000 - $500 - $750 = $1,750 Student can pay $1,750 by cash, check or credit card OR they can utilize the Installment Plan and/or Short Term Loan options offered through Student Accounting and University Cashiering Services.
  12. 12. Disbursement of AidDisbursement of Aid Fall awards begin disbursing to UNT a week before classes begin. Pending Aid that has disbursed will be viewed as Financial Aid. • Funds disburse to Student Accounting and University Cashiering Services (SAUCS) to pay current tuition and fee charges. • SAUCS refunds remaining Financial Aid to students for other educational expenses. *Student pays for room & board, books, supplies, transportation & personal expenses.
  13. 13. Need More Information?Need More Information? www.unt.edu/finaid SFAS Office Hours: • Monday-Friday; 8-5 SFAS Phone Number: • (940) 565-2302 Direct • (877) 881-1014 Toll Free ESSC Extended Hours: • Monday-Thursday; 5-7 • Saturday; 9-1

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