Parts of this presentation come from the National Association of Student Financial Aid Administrators (NASFAA). Financial Aid Resource Guide for Counselors LeAndra Ross, IUPUI Office of Student Financial Services. Financial Aid Basics & New Regulations.
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Parts of this presentation come from the National Association of Student Financial Aid Administrators (NASFAA)Financial Aid Resource Guide for CounselorsLeAndra Ross, IUPUI Office of Student Financial Services
Must be enrolled or accepted for enrollment in an eligible program of study, pursuing a degree, certificate or other recognized credential.
Awarded to eligible undergraduates pursuing first bachelor’s or professional degree and certain students enrolled in post-baccalaureate teacher certification or licensing programs. Considered an “entitlement” program.
Changes made by the Consolidated Appropriations Act of 2012 limits the duration of a student’s eligibility to receive a Pell Grant
Allows student to earn a set amount of dollars for their education in exchange for employment.
Ability to Benefit
William D. Ford Federal Direct Loan Program (Direct Loan Program) with funds provided directly by the federal government.
New subsidized Stafford loans made from July 1, 2012 to June 30, 2014 (12-13 & 13-14 AY) will not be eligible for subsidized interest benefits during the six-month grace period after a student graduates or falls below half-time enrollment. Interest will accrue during the grace period and will be capitalized if unpaid by the borrower.
FIRST, must register for a Personal Identification Number (PIN) at www.pin.ed.gov The PIN is available immediately. Student/parent may self select a number. PIN is used for all federal resources.
May request any documentation needed to complete the awarding process
Generally speaking, a college will construct a financial aid package in this order:
If a “full-ride” package is presented to a student for a college which is not a good personal fit or does not offer the academic programs in which the student is interested, the “economics” at play may lead the student to accept that package and enroll at the college anyway.
Free Internet scholarship search engines:
Federal Student Aid Information for Counselors http://www.fsa4counselors.ed.gov/PORTALSWebApp/cotw/main.jsp