Ranked in the “Top 3 Colleges in the South for Best Value”
--U.S. News & World Report: Regional Universities, 2011
Bob Stewart, Director of Financial Aid
Partnering to Make Stetson Affordable
We are here to help you navigate the
process, from start to finish.
Financial aid is a collaboration between the
family, the school, and the government.
Our Investment in You
Awarded over $30 Million in Scholarships in
$15,000 – Average Merit Award for 2010
95% of students receive financial aid at
Role of the Financial Aid Office
Monitors eligibility for financial aid
Creates a financial aid package
Sends an award notification which details:
Programs and amount from each program for
which the student is eligible
How aid will be disbursed
Terms and conditions of student’s award
We’re the good guys!
Free Application for Federal Student Aid
“Drives” the financial aid process
Single application required to apply for
federal student aid programs
Usually sufficient for institutional & state aid
Processed free of charge to the student
Student files after January 1
File via the internet at www.fafsa.gov
Apply for a PIN!!
Before beginning FAFSA, apply for a
PIN at www.pin.ed.gov
BOTH parent and student apply for a
PIN will serve as the electronic
signature on the FAFSA
This allows FAFSA process to be
Stays the same each year
One of those moments when you actually ARE
just a number.
(But not with us.)
Tips on Completing the FAFSA
Try to complete the FAFSA by February 15th
Estimate tax information rather than delay the
filing of the form
Make sure the school of your choice is listed as
recipient of the information
Avoid common mistakes. Make sure Social
Security Number is correct
The early bird gets the worm! And by worm we
mean potentially more money.
Be sure to include the parent(s) name, SSN, and date of
birth—or FAFSA will be rejected.
Report all required sources of untaxed income.
Both student and parent must sign the application
Do NOT mail tax returns or any other attachments with
Stetson University’s School Code - 1531
It’s a family affair!
Watch your E-mail !
Federal processor will notify you within 2-4
weeks that your FAFSA has been processed
Your processed FAFSA is your Student Aid
Once your FAFSA has been processed, you
can view it on www.fafsa.gov
If you need to make corrections, you can
make them here
Expected Family Contribution (EFC)
A measure of parents’ capacity over time to absorb
Not a dollar amount expected from current income or
Family contribution derived from:
Income, assets, family size, number in college, etc.
Expected Family contribution includes:
+ Student’s Contribution
= Total Family Contribution (EFC)
Cost of Attendance
- Expected Family Contribution (EFC)
= Financial Need
The main equation that determines
your grant and loan eligibility.
Full Cost of Attendance
Fees $ 2,930
Room $ 5,620
Meals $ 4,200
DIRECT COST $44,124
Books/Supplies $ 1,200
Miscellaneous $ 1,950
COST OF ATTENDANCE $ 47,274 (before Financial Aid)
Thank goodness for financial aid!
Principles of “Need”
According to the federal government:
To the extent they are able, parents have primary responsibility to
pay for their dependent children’s education
Students also have a responsibility to contribute to their educational
Families should be evaluated in their present financial condition
Nothing funny about this slide.
Geez this guy is tough.
Types of Financial Aid
“Free Money”- Not to be repaid
Scholarships (Merit, Athletic, Music, etc.)
“Borrowed Money” –
Government (Stafford) Loans
Not all aid is created equal.
Florida Bright Futures Scholarships
FL Academic Scholars
100% - $125/credit
$4000 for 2010-2011
based on 16 hours/term
FL Medallion Scholars/FL Vocational Gold
75% - $94/credit
$3,008 for 2009-2010
based on 16 hours/term
*Contact your high school counselor for eligibility requirements*
Florida Resident Access Grant (FRAG)
$2425 for 2010-2011
Stetson “Hope” Scholarship (GA residents)
$3500 for 2010-2011
Need-Based Financial Aid
Need-Based Federal Programs
Up to $5550
Academic Competitiveness Grant (ACG)
Subsidized Government (Stafford) Loans
Need Based Financial Aid
Limited (first-come/first serve) need-based funds
Federal Supplemental Educational Opportunity
Perkins Loans (limited)
Florida Student Assistance Grant (FSAG)
FL residents only
Florida Prepaid College Plan
Can be used at a private college
Rates based on Florida public institutions for 2010-11
4 year public tuition = $3,063 per year at private
Dormitory program = $4,930 per year at private
Florida Prepaid 1-800-552-4723
Other Financing Options
Unsubsidized Government (Stafford) Loans
Parent PLUS Government Loans
Monthly Payment Plan
Watch Your Mail + Check Your E-mail!
Financial Aid Award
Using the Internet
Education Beyond High
School - The Guide to
Federal Student Aid
Financial Aid Information
Surfing for dollars!
Apply for Admission
ED – November 1st
Regular Decision – March 15th
Apply for Financial aid (Fill out the FAFSA!)
Available January 1st of your Senior Year
Priority Deadlines is February 15th (use estimates if necessary)
March financial aid awards
Questions and Answers
Federal Student Aid Information
1-800 4-FED-AID or 1-800-433-3243
We won’t bite. Seriously.