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Florida Atlantic University Office of Student Financial Aid “Money, Money, Money”

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“Money, Money, Money”. Florida Atlantic University. Office of Student Financial Aid. Applying for Financial Aid. Complete the Federal Application for Federal Student Aid (FAFSA). Types of Financial Aid. Complete & Submit the FAFSA early each year beginning January 1 st . . - PowerPoint PPT Presentation

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Page 1: Florida Atlantic University

Florida Atlantic University

Office of Student Financial Aid

“Money, Money, Money”

Page 2: Florida Atlantic University

Applying for Financial Aid

Complete the Federal Application for Federal Student Aid (FAFSA)

Page 3: Florida Atlantic University

Types of Financial Aid

The FAU priority deadline is March 1st.

We can help make your education affordable!  If you're interested in financial aid for college, you've come to the right place. These programs provide more than $60 billion a year in grants, loans, and work-study assistance. Below is a list of the types of aid that students are eligible to receive:

ºBright FuturesºInstitutional GrantsºFederal Loans & GrantsºFlorida Student Aid ProgramsºLoans (Stafford, PLUS, Private)ºNeed Based EmploymentºScholarships

Complete & Submit the FAFSA early each year beginning January 1st.

Free Application for Federal Student Aid (FAFSA)

Website: www.fafsa.gov

Page 4: Florida Atlantic University

After Applying for Financial Aid

Page 5: Florida Atlantic University

After Applying for Financial Aid

Missing Information NoticesStudents may be selected for Verification or additional documents are needed.

Submit REQUIRED documents ASAP to prevent a delay in processing your financial aid.

For a complete list of missing information:• Log on to MyFAU• Click on the Money Matters! Tab• Click on “View My Financial Aid Information” link • Click on Eligibility• Click on Student Requirements

SUBMIT ALL DOCUMENTS LISTED UNDER THE “UNSATISFIED REQUIREMENTS” SECTION

Please submit copies of all required documents, with the exception of citizenship documentation, which MUST be submitted in its original form.

Page 6: Florida Atlantic University

All financial aid information is located under the “Money Matters! tab

Z00000000

Welcome Jane DoeYou are currently logged in.

Page 7: Florida Atlantic University

Submitting Required Documents

Page 8: Florida Atlantic University

In order to prevent unnecessary delays, be sure to submit your COMPLETE and readable Required Missing Documents as described below to the appropriate FAU Student Financial Aid Office.  Below is a list of possible required documents which may appear on your account:

ISIR Report (received incomplete) Student US Tax Return Transcript Parent US Tax Return Transcript Verification Worskheet Form (Dependent or Independent) Bankruptcy Birth Certificate Selective Service Registration Copy of Social Security Card Copy of Alien Registration Card U.S. Citizenship Documents (i.e. Passport, Naturalization Certificate)

Student Requirements

Page 9: Florida Atlantic University

Accepting Financial Aid Awards

Page 10: Florida Atlantic University

.

Viewing & Accepting Financial Aid Awards

Award NoticesACCEPT or DECLINE awards offered on MyFAU.

To View Accept/Decline Awards Offered:• Log on to MyFAU, • Click on the Money Matters! tab• Click on “View My Financial Aid Information” link • Click on “My Award Information” link and select award

year, if prompted• Click on Award for Aid Year link

Be sure to read the instructions on the General Information tab on how to Accept/Decline your Awards and

the Terms and Conditions of Awards.

Page 11: Florida Atlantic University

Terms and Conditions tabJane Doe

May 6, 2011 10:47 am

NOTE: Once Terms and Conditions are ‘Accepted’, a message will display that you have accepted the Terms and Conditions. The Accept Award Offer tab is NOW accessible to accept/decline awards offered.

2012 - 2013

Page 12: Florida Atlantic University

Accept Awards

NOTE: Bright Futures Scholarship Awards are automatically Accepted on the system. NO FURTHER ACTION is needed!NOTE: Your Bright Futures Scholarship is an estimated award based on 13 credits. Your award will be adjusted at the end of drop/add. All awards are subject to eligibility and renewal criteria.

2012 - 2013

FALL 2012 SPRING 2013

Award Messages

Page 13: Florida Atlantic University

Bright Futures Scholarships

Bright Futures awards will be pro-rated based on actual enrollment and will be applied to tuition.Current Amounts for Four Year Universities:

Academic Scholars – pays $100/credit hour Medallion Scholars – pays $75/credit hour Gold Sear Scholars – pays $75/credit hour

Students must REPAY Bright Futures award amounts received for courses which were dropped or withdrawn AFTER the drop/add period. 

Students MUST submit an error-free FAFSA prior to disbursement

Bright Futures Hotline: (888) 827-2004 (toll free)Bright Futures Website: www.myfloridaeducation.com/brfutures/

Note: Bright Futures Scholarships are NOT awarded during Summer Terms

Page 14: Florida Atlantic University

Financial Aid Deferment

A Financial Aid Deferment is a method of extending the tuition payment deadline until the financial aid arrives or the deferment expires.Students must pay their tuition by the deferment deadline or risk receiving a late payment fee and being dropped from classes.To receive a deferment, financial aid recipients MUST accept awards online via MyFAU (accepting an amount which is sufficient to cover your tuition & fees) by the end of the drop/add period.

If you decide NOT to attend classes or FAU, you will be liable for all fees UNLESS you formally withdraw from all courses.

Page 15: Florida Atlantic University

Veterans Affairs

The Veterans’ Affairs office of FAU is designed to act as a liaison between the student and Veterans Administration.  Although, we are not employees of the Department of Veterans’ Affairs, we can still assist and counsel you on the following: Completion of Paperwork Certification of Attendance Educational Benefits Florida Atlantic University's Policies and Procedures related

to VA Benefits

VA Phone Number: 1-888-GI-BILL-1 (1-888-442-4551) to speak with a

Veterans Benefits Counselor. VA official website:

http://www.gibill.va.gov

Page 16: Florida Atlantic University

Short Term Advance for Books

Page 17: Florida Atlantic University

Short Term Advance for Books(Available two weeks prior to the start of each term )

The Short Term Advance Application is available exclusively online in MyFAU under the Money Matters! tab. ******Students will need to enter the FAU Z Number to proceed with

the application******

Students MUST establish direct deposit in order to receive the

Short Term Advance.

No paper checks will be issued!

Page 18: Florida Atlantic University

Top Financial Aid Tips!

1.) Apply for Financial Aid early – Beginning January 1st for the upcoming 2012-2013 academic year and NO later than the end of February 2012!

2.) You must be degree-seeking and enrolled at least half-time at FAU to receive financial aid.

3.) Complete the Request for SUMMER Financial Aid beginning the 1st business day in February each year if you would like to be considered for financial aid during the summer semester.

4.) Check the FAU Financial Aid website, and the Money Matters tab of MyFAU periodically for updates.

Page 19: Florida Atlantic University

Tips cont’d…

5.) Accept your awards and the Terms and Conditions of Award by the last day of drop and add to avoid a late payment fee and cancellation. Please read the Terms and Conditions carefully.

6.) If you take classes at FAU and another institution, e.g. community college, you MUST complete a Concurrent Enrollment form. This form is available online on the financial aid website under “Forms to Download”.

7.) Open a FREE Account on campus. The bank on campus is conveniently located on the

Breezeway across from the cafeteria on the Boca Raton campus.

Page 20: Florida Atlantic University

Tips cont’d…

8.) Sign up for direct deposit online.

9.) Maintain your FAU email account and update your mailing address at all times.

10.) Respond promptly to requests for additional information. Keep your Financial Aid documents organized. Keep records of who you talk to.

****REMEMBER: READ WHAT YOU SIGN!!!****

**Ask questions if you don’t understand!**

Page 21: Florida Atlantic University

Office of Student Financial AidStudent Support Services Building-SU80

#233777 Glades Road

Boca Raton, FL 33431-0991 (561) 297-3530

Hours of OperationMonday - Friday

8:00 a.m. to 5:00 p.m.

Other Partner CampusesDavie & Jupiter

 

Contact Information

Financial Aid Websitewww.fau.edu/finaid

Page 22: Florida Atlantic University

Welcome to Florida Atlantic

University!