Financial Aid OverviewFinancial Aid OverviewPresentation offered by:

Kirsten Lehrmann, Assistant Director

About Student FinancialAbout Student FinancialAid and ScholarshipsAid and Scholarships

• SFAS is located on the 1st and 2nd levels of the ESSC

• Full-time staff at front counters and phones

• Collectively, our staff has 281 years of financial aid experience

• Annually award over $280 million in financial aid and scholarships

What Is Financial Aid?What Is Financial Aid?

• Financial Aid is money from the federal and state government, the institution of higher education, and private resources that assist a family in meeting the cost of the student’s education.

Types of AidTypes of Aid • Grants

Need based funds the student does not repay.

• Work StudyNeed based award which allows the student to participate actively in meeting the cost of their education while gaining valuable work experience.

• LoansBorrowed money that must be repaid.

• Scholarships - University General

Academic Scholarships - Departmental - External

What is the financial aidWhat is the financial aidprocess at UNT?process at UNT?

Students should:• Obtain a PIN through: www.pin.ed.gov• Collect documents needed to apply• Complete the Free Application for Federal Student Aid

(FAFSA) at: www.fafsa.gov• Be conscious of UNT’s Priority Dates• Check their To Do List often • Respond to requests for additional information in a

timely manner• Take advantage of the 8 months they have to prepare

for the upcoming year

Priority DatesPriority Dates• Priority dates are not deadlines• Target dates to submit FAFSA and/or additional

information to SFAS

FALL/SPRING• Submit FAFSA to the Federal Processor by:

March 31st

• Respond to SFAS’ requests for additional information by: May 15th

*The Summer Application for Financial Aid does have a deadline.

Additional Information RequestedAdditional Information Requested

If additional information is requested, students will be contacted through several modes of communication including:

To Do List Message

Center

• Mail• Email• Telephone

Students should check their often in order to respond to requests in a timely manner.

May impact awards or eligibility• Degree/Program information-Double majors• Satisfactory Academic Progress

- Qualitative (GPA) Undergraduates: 2.0Graduate Students: 2.75

- Quantitative-hours required to complete

• Maximum Hours120 hours x 150%=180 hours of eligibility

• Length of time in school• Number of enrolled hours

- Student Teaching

Students’ Academic InformationStudents’ Academic Information

• Appeals- Serious injury- Extended Illness- Death of a relative

• Extraordinary expenses- Medical/dental expenses- Elementary or secondary

school tuition- Elder care

Special ConsiderationsSpecial Considerations

• Changes in income- Loss of job- Loss of parent- Loss of benefits (child

support, social security)

• Dependency overrides- Abuse- Abandonment- Neglect

How does a student useHow does a student usefinancial aid to pay for financial aid to pay for

classes?classes?Pending Aid is scholarships the student has been awarded and/or financial aid the student has "Accepted" on .

Pending Aid does NOT include College Work-Study or Parent (PLUS) Loans that have been denied due to adverse credit history by the lender.

Parent (PLUS) Loans will count toward Pending Aid if the Parent (PLUS) Loan borrower does not have an adverse credit history and SFAS has received a credit approval by the lender.

Pending Aid ExamplePending Aid ExampleTuition & Fees $4,000

- Scholarships = $1,000- Pell Grant = $500- Stafford Loan = $750- Work-study = $2,000- Parent (PLUS) Loan = $6,000 (credit not

approved)

How much will the student be required to pay? $4,000 - $1,000 - $500 - $750 = $1,750

Student can pay $1,750 by cash, check or credit card OR they can utilize the Installment Plan and/or Short Term Loan

options offered through Student Accounting and University Cashiering Services.

Disbursement of AidDisbursement of AidFall awards begin disbursing to UNT a week

before classes begin. Pending Aid that has disbursed will be viewed as Financial Aid.

• Funds disburse to Student Accounting and University Cashiering Services (SAUCS) to pay current tuition and fee charges.

• SAUCS refunds remaining Financial Aid to students for other educational expenses.

*Student pays for room & board, books, supplies,transportation & personal expenses.

Need More Information?Need More Information?

www.unt.edu/finaid

SFAS Office Hours:• Monday-Friday; 8-5

SFAS Phone Number:• (940) 565-2302 Direct• (877) 881-1014 Toll

Free

ESSC Extended Hours:• Monday-Thursday; 5-7• Saturday; 9-1