Lions Day “Funding Your Education”
Federal Pell Grant Federal grant available to undergraduate students enrolled in accredited post ‐ secondary institutions. • Pell Grant Lifetime Eligibility is 6 years (i.e. 12 payments) • Need based • Award amounts are pro ‐ rated if part ‐ time 2016 ‐ 2017 minimum/maximum $598 ‐ $5815 2017 ‐ 2018 allocations are announced in February ‐ April
New Jersey Tuition Aid Grant “TAG” Demonstrate Financial Need Be a U.S. citizen or eligible non ‐ citizen Must be New Jersey Resident & attend a New Jersey Institution Must be full time at an approved degree program Meet all state deadlines Award amounts may different depending on the type of institution due the institution’s cost of attendance List NJ institution first on the FASFA so NJ HESAA can evaluate your eligibility . 2016 ‐ 2017 minimum/maximum: $2680 ‐ $9120 2017 ‐ 2018 allocations are announced in May ‐ June
Educational Opportunity Fund “EOF” State grant program available to NJ students from educationally • and economically disadvantaged backgrounds. Students must demonstrate financial need and a background of • historical poverty. Must indicate EOF on the TCNJ Admissions Application for • consideration. TCNJ 2016 ‐ 2017 $1150 (commuter) and $1400 (on campus)
Federal Direct Stafford Loan Limits Dependent Students Student Status Subsidized Stafford Unsubsidized Total Stafford Loan Loan Stafford Loan Eligibility (year) First Year 3,500 2,000 5,500 Second Year 4,500 2,000 6,500 Third & Fourth 5,500 2,000 7,500 Year *Independent Students receive $6,000 Federal Unsubsidized Stafford Loans* 2016 ‐ 2017 Award Year Interest Rates and Fees Federal Direct Undergraduate Direct Loans interest rate is 3.76% plus a 1.068% origination fee, for subsidized and unsubsidized loans.
Federal Work Study (FWS) • Eligible undergraduate students • Need ‐ based based on FAFSA • To be considered students must select ‘Yes’ on to the FAFSA question, “Are you interested in work ‐ study” • Employment may be on or off campus • Schools must use portion of FWS funds for community service employment activities 2016 ‐ 2017 $1,500 2017 ‐ 2018 FWS award amounts may change due to federal funding.
Online Private Scholarship Reporting Tool You are required to report all private scholarships that you will receive for the school year. Priority Reporting Deadline: June TCNJ will give you a temporary credit on your TCNJ bill until the scholarship money arrives. Once reported allow 5 to 7 business days for scholarship to appear on your PAWS account Actual scholarship funds must be received one month after classes start! Private Scholarships should be sent to: TCNJ Student Accounts PO Box 7718 Ewing, NJ 08628 *Students name and ID should be listed on the check.
Private Scholarship Search FinAid.org – www.finaid.org The College Board – www.collegeboard.com FastWeb.com – www.fastweb.com GoCollege.com: The Collegiate Websource – www.gocollege.com TCNJ FINANCIAL AID WEBSITE
Filling the GAP Alternatives • Financial Aid Federal Parent Loan for Undergraduate Students (PLUS) Private/Alternative Loans (i.e. credit based) some examples are: NJ Higher Education Student Assistance Authority ‐ NJ Class Loan Bank Student Loans Credit Unions * Elm Select – online private loan comparison tool on our website* • Student Accounts Installment Payment Plan Cash Checks ACH payments Credit Card
Free Application for Federal Student Aid (FAFSA) new • 2017-2018 FAFSA available October 1, 2016 at www.fafsa.gov * Apply in October of your high school senior year FAFSA will use prior prior year income information • • 2017-2018 FAFSA you will use 2015 income to file the FASFA IRS Date Retrieval Tool can be used immediately • • All prior prior year tax information (2015) is already filed, allowing immediate retrieval.
What is a Federal Student Aid (FSA) ID? www.fsaid.ed.gov • In order to enhance security, FAFSA has replaced the PIN number with the FSA ID as your electronic signature to sign the FAFSA. • If you already have a PIN, you can link your information to your new FSA ID by entering your PIN while registering for your FSA ID • PIN number is not necessary to create a FSA ID • If you are a parent of a dependent student , you will need your own FSA ID
Click to Apply for State Aid ‘New Jersey Tuition Aid Grant’
TCNJ MERIT SCHOLARSHIPS *Merit Scholarships are administered by the Office of Admissions* In ‐ State Applicants First ‐ year in ‐ state applicants to TCNJ are automatically considered for merit scholarships • upon submission of the Common Application . • These awards are based on a student’s overall academic record (strength of curriculum, GPA, class rank, and strength of high school). • While there are no minimum criteria to be eligible for a scholarship, competitive applicants should have at least a 1300 SAT (Math and Critical Reading) or 29 ACT • Awards range from $1,000 to $6,000 per year . • Scholarships are distributed at the time of acceptance by TCNJ and are renewable for 8 consecutive semesters, provided the student maintains full ‐ time enrollment and a minimum cumulative GPA of 3.0. Out ‐ of ‐ State Applicants • Students interested in out ‐ of ‐ state merit scholarships to submit their Common Application by December 1 st (Priority Status). • At the time of acceptance, Out of State Students are mailed a one page application for scholarship consideration. Over the past three years, over 80% of admitted out ‐ of ‐ state high school students have • qualified for a merit scholarship, which range from $3,000 to $11,000 per year for all four years of study.
CSS Profile “TCNJ Lion’s Pride Need ‐ Based Scholarships” Available October 1 st Cost: $25 to submit to the first school and $16 each additional school Used to determine eligibility for TCNJ need based scholarships Deadline to complete the CSS Profile: February 2017 Website to apply for profile www.student.collegeboard.org/profile Note: Students must receive an TCNJ Merit Scholarship to receive a ‘TCNJ Need Scholarship’
2016 ‐ 2017 TCNJ Cost of Attendance *The ID Fee is only charged during the Fall semester. *2017 ‐ 2018 Tuition and Fees are announced in July 2017 by the TCNJ Board of Trustees*
The TCNJ Financial Aid Cycle October Complete the CSS Profile to be considered for TCNJ need based scholarships (*fee). February Deadline Complete the 2017 ‐ 2018 FAFSA for current high school seniors Jan ‐ March Apply for private scholarships. Respond to requests for additional information from NJ Higher Education Student Assistance Authority (NJ HESAA) March “Estimated” Financial Aid award letters are mailed to accepted TCNJ students who have filed the Free Application for Federal Student Aid (FAFSA). * List your SSN on the Common Application* TCNJ Admissions Acceptance Deposits due $600 (May 1 st ) May July Fall semester bills are emailed to students and Auxiliary Users (if applicable) by the Office of Student Accounts August Fall semester bills are due
Accepted Students!! TCNJ Class of 2021 All accepted students who have filed the 2017 ‐ 2018 FAFSA and listed their SSN number on the Common Application will receive an email in March 2017 to view their ‘estimated award’ in the student online portal.
Accepted Students!! TCNJ Class of 2021 All accepted students who have filed the 2017 ‐ 2018 FAFSA and listed their SSN number on the Common Application will receive a TCNJ Financial Aid Award Brochure in March 2017 that contains a Financial Aid Planning Worksheet. The brochure is sent to the student’s home address.
Congratulations Accepted Students!! TCNJ Class of 2021 Accepted students can use the estimated award , TCNJ Financial Aid Award Brochure and Planning Worksheet to establish the ‘Gap’ needed to meet the Direct Costs (tuition, fees and room/board if living on campus.
Accepted Students!! TCNJ Class of 2021
The Office of Student Financial Assistance Green Hall – Room 101 Academic Year Office Hours Monday through Friday 8:30am to 4:30pm Financial Assistance 609-771-2211 osfa@ tcnj.edu
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