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Finalize Financial Aid: 2009-10 PSU Guide

A comprehensive guide for Penn State Harrisburg students to finalize financial aid, including steps, aid programs, loans, grants, and scholarships. Learn about tuition costs, aid applications, verification requirements, student loans, and more. Plan your financial aid efficiently to support your education. Contact PSU's financial aid office for assistance.

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Finalize Financial Aid: 2009-10 PSU Guide

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  1. Financial Aid 2009-10 Ten Steps to Finalize Financial Aid

  2. Office Staff • Carolyn A. Julian • Student Aid Adviser & Veterans Affairs Coordinator czb3@psu.edu • Catharine G. Hook • Administrative Support Staff • cgh11@psu.edu • Room 70 Swatara Building • 717-948-6307 • 800-222-2056 Option #1

  3. 2009-10 Estimated Tuition & Fees • PA Resident Non-PA Resident • Tuition & Fees* • $12,344 - $12,850 $18,420 - $19,238 • Room & Meals* • $8,300 $8,300 • Books & Supplies** • $1,900 $1,900 • *Direct Costs • **Indirect Costs

  4. 2009-10 Free Application for Federal Student Aid (FAFSA) www.fafsa.ed.gov www.pin.ed.gov Keep in a secure place Multiple uses School Code 003329 University Park All PSU campuses StepOne

  5. Step One Con’t • Stafford Loans • Work Study • Answer (Both) to question #31 on FAFSA

  6. Step TwoCampus Based Aid • Supplemental Educational Opportunity Grant (SEOG) • Perkins Loan • Work-Study • No separate application required

  7. Step Two con’t • Student Aid Award Notification sent via email after March 25th. • This notification will list all the student financial aid programs (loans, grants*, work-study, and/or scholarships) for which you are eligible for the fall & spring semesters. • *Separate notification for PA State Grant (PHEAA).

  8. Step Three • Complete request from Pennsylvania Higher Education Assistance Agency (AES/PHEAA). • NEW: Online process--students will receive an email with website & instruction to complete. • Name of College: Penn State Harrisburg • Housing: On/Off Campus or Commuter. • For PA Residents only

  9. Step Four • Complete verification process if selected by University: • SS Card (student & parent) • Selective Service • Citizenship • Estimated filers • Income Validation by PHEAA • Copies of 2008 Tax return • Special Circumstances – Contact Office after April 1, 2009 for the new form • Lost wages, untaxed income, death

  10. Direct Lending • PSU participates in Direct Lending for Stafford, Plus & Grad-Plus loans. • Interest Rate: • Subsidized - varies 6-3.4% until 2011-12 • Unsubsidized – 6.8% • Origination fee 0.5% • Must have PIN#

  11. Step Five Direct Stafford Student Loan • Freshmen $5,500 • Sophomore $6,500 • Junior/Senior $7,500 • Graduate $8,500/12,000 • Independent $4,000/5,000 Disbursed ½ & ½ Answer #31 as both

  12. Step Five Con’t • Students must sign a promissory note for Stafford and Perkins loan. • MPN – www.dlenote.ed.gov • Good for 10 years • Perkins – https://www.studentloans.psu.edu/esign • PIN # used to sign online.

  13. Step Six • Loan Entrance Counseling Required • Stafford Student Loan • Activate PSU Access Account • Students • Loan Entrance Counseling

  14. Step Seven • Academic Scholarship Application • Web-based application • online @ www.hbg.psu.edu • Prospective Student • Financial Aid • Scholarships • GPA = 3.0 or greater • Deadline April 1, 2009

  15. Step Eight • PLUS Loan – Parent borrows on behalf of the dependent student. • Fixed interest rate @ 7.9%. • A 2.5% origination fee deducted from gross amount of the loan borrowed. • Repayment begins 60 days after the 2nd disbursement. • May be deferred contact 800-848-0979 • Set up “Friend of Penn State” eLion Access through student’s eLion account given at FTCAP. After 6/30 apply for PLUS loan at https://www.dlenote.ed.gov. Sign MPN one time only.

  16. Step Nine • Complete Rapid Refund Form • eLion: • Students • Refund Information • Refund available within 48 hours

  17. CONFIRM REGISTRATION Schedule/Registered No Paper Bills Bills on eLion approx. July 10, 2009 Step Ten

  18. Questions

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