What is goal of financial aid?
How do I apply?
How is financial need
What aid is available?
What is the role of the
financial aid office?
To assist students in paying for
To provide opportunity and access
to higher education.
To help “bridge” the gap between
what the family can pay and the cost
Personal Identification Number
If you have one from Undergraduate School,
you use that one
Electronic signature for FAFSA on the Web
PIN delivered immediately
Can also be used for:
Renewal on the Web
Corrections on the Web
National Student Loan Database
Signing promissory notes for student loans
(Perkins, Stafford, PLUS)
Access PIN Web site
Check status of
Complete and send FAFSA on the internet
directly to federal processor
Automatically edits data as you enter it and
detects errors before submission
Skip logic: asks only what you must answer
English or Spanish versions
E-mail notification of results
Detailed online help screens
Real-time online chat for immediate answers
Instant access to EFC estimate
Parents with more than one child in college only
need to enter parental information once.
Wrong Social Security Number
U.S. income taxes paid
Number in postsecondary education
Real estate and investment net worth
Not using real name
NOT APPLYING AT ALL
Expected Family Contribution (EFC)
The EFC is an index of need that will be
used to determine the type of federal
student aid for which you qualify.
• Family size
• Number in College
• Age of the student
Adjustments to EFC may be made due to
Verification and/or Special Circumstances
that limit ability to pay
• Results are sent electronically to UW-Milwaukee.
• Students will receive the results of their FAFSA by e-
mail (or regular mail) - Student Aid Report (SAR).
• Students may be required to verify the information
submitted on the FAFSA (submit tax forms).
• Contact UWM with any Special Circumstances.
• After the student is admitted to a college, a financial
aid package will be prepared.
• Must enroll for a minimum of 4 credits each
Tuition and Fees
Room and Dependent Care
Board Study Abroad
Books and Disability Related
Annual Loan Limits for Students
Graduate students are eligible for a combined total of
$20,500 in subsidized and unsubsidized loans.
Graduate students may borrow up to $138,500.
Subsidized and/or Unsubsidized
Subsidized: must demonstrate “need”; interest paid by
Federal government while student in college
Unsubsidized: need is not a consideration; interest paid by
student while in college (interest payment can be deferred)
Scholarships Grad PLUS Loan
Assistantships Must Apply for sepeartely
Based on Credit
All three may affect your Interest 8.5%
Financial Aid Award Similar to Unsubsidized
and must be reported to loan
the Financial Aid Office Can Consolidate with
other Stafford loans
Required of all first time borrowers
of Stafford Loan Program
Both completed online at
Click on “On-line Loan
Click on “Stafford Loan Borrowers”
Loss of income or benefits
Death or Disability of student
Medical/Dental expenses not covered by
Elementary or secondary school tuition
(Note: Professional Judgement is at the sole discretion of each institution.)