Financial Aid
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Transcript of Financial Aid
Fresno Pacific UniversityA Quality, Accessible Education
Let us show you how
PRESENTED BYKEN ISAAK
DIRECTOR OF FINANCIAL AID
Fresno Pacific University is affordable…
During the 2007-2008 academic year Fresno Pacific University students received over $32 million
$15.5 million (46 percent) of the financial aid funds disbursed last year came from grants and scholarships; $7.0 million came from federal, state and private sources and $8 million came from our own FPU institutional aid program.
$16.8 million (51 percent) disbursed to student last year came from student loans, mostly the Stafford Loan program.
The remaining 3 percent, about $ 1 million, was disbursed to our students as earned wages through the work study program.
Federal and State Grants
Federal Grants
Pell Grant $400-$4,731 Need
SEOG $1,500 Need
ACG Up to $1,300 Need and GPA
National SMART Grant
Up to $2,000 Need and major
State Grants
Cal Grant A $9,708 Need and GPA
Cal Grant B $1,551-$11,260 Need and GPA
Chafee Up to $5,000 Foster care
Robert C. Byrd Up to $1,500 GPA
Annual amounts shown
Fresno Pacific Scholarships & Grants
•Fresno Pacific University also has over 100 Private Foundation scholarships.
•Other sources of financial aid include:•Military – GI Bill•Bureau of Indian Affairs•Outside Scholarships
Annual amounts shown, based on 2007-2008 awards
Fast Facts
Ninety-eight percent of FPU traditional undergraduate student are financial aid recipients.
Forty percent of our total traditional undergraduate students are Cal Grant recipients with awards ranging between $9,708 and $11,260 per year. Twenty-three percent of our Cal Grant recipients also receive the maximum Pell Grant award of $4,731.
A student with a full Pell Grant ($4,731) and Cal Grant A ($9,708) has a basic package of $14,439 in gift aid before we stack SEOG, Private, Foundation or FPU Institutional grants and scholarships.
Incoming freshman with a 3.60 GPA and 1,150 SAT score (25 ACT) qualify for the FPU President’s Scholarship. The value of this award has been increased to $9,000 for the 2009-10 academic year. We expect to award 50 new Presidents Scholars for 2009-10.
Package Examples
Students are offered no interest, no set-up fee payment options:10 months, annual basis4 months, semester basis
Parents can apply for a Federal PLUS loanAnnual amounts shown
Fast Facts
Last year the average net tuition cost for aided undergraduates was $6,885.
Average 4-year aggregate loan balance for FPU graduates is $15,588, well below the national average of about $22,000.
FPU has the highest graduate-in-four-years rate (51%) than any other four-year institution in the Valley. (CSU = 15%).
FPU has an accelerated program for teachers. This fast track program allows students to complete a bachelor’s degree and credential in four and-a-half years.
How can we help?
Fresno Pacific UniversityStudent Financial Services OfficeOffice: (559) 453-2041Toll-free: (866) 321-7502Fax: (559) 453-5595Email: [email protected]://www.fresno.edu/financial _aid/ Additional Information http://members.ucan-network.org/fresno Office Hours M-F 9:00 A.M.-5:30 P.M.
Resources
Free Application for Federal Student Aid (FAFSA)The key to accessing financial aid is the FAFSA which can
be accessed at: http://www.fafsa.ed.govFPU school code: 001253
Cal GrantsCalifornia Student Aid Commission (CSAC)- Sacramento
Deadline: March 2, 2009Both your FAFSA and Cal Grant GPA Verification Form must be completed and submitted by March 2nd deadline
Be sure to have your high school (or community college) counselor send verification of your GPA to CSAC before
March 2nd
Cal Grant Web Address: http://www.csac.ca.gov/default.asp