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University of Maine at Farmington

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by

Roy Burdin

on 27 July 2015

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Transcript of University of Maine at Farmington

Questions


Jennifer Hutchinson
- Senior Associate Director of Financial Aid
Olivia Goddard & Kyle Manning
- Peer Financial Assistants



The University of Maine at Farmington

PHONE: 207-778-7100

EMAIL: umfaid@maine.edu
Today's
Topics

Purpose of Financial Aid
Financial Aid Application Process
Eligibility for Aid
Types of Aid
Financial Aid Preparation and Application
Peer Financial Literacy Program
Preparation
Net Price Calculator
FAFSA4caster
Federal Work-Study
Work Initiative

Department Funds
To provide financial access to UMF
Campus-Based Employment
Purpose of Financial Aid
Federal Subsidized Direct Student Loan
Loans
Net Price Calculator
Learn what specific materials you will need
Practice the process of filling out the FAFSA
Estimate what you may receive for Federal Student Aid
FAFSA4caster
Apply for Scholarships
Bring together all necessary tax forms (e.g. 1040, Schedule C, Schedule A, etc. )
Available:
January 1st
Priority deadline:
March 1st
If your taxes are not completed prior to March 1st, file an "estimated" FAFSA.
Add
ALL
schools you are interested in
Types of Financial Aid
Fall Open House
Financial Aid Session

Need Based
Non-Need Based
= Financial Need
Eligibility for Aid
Academic Excellence
Academic Distinction
Academic Achievement

Diversity Scholarship
Pell Grant
Supplemental Educational Opportunity Grant (SEOG)
University Grant
Scholarships and Grants
Cost of Attendance
-
Expected Family Contribution
Need:
Based on personal attributes rather than financial situation:

Academic, geographic, leadership, special talent, etc.
Merit:
UMF Cost of Attendance
UMF has been named by the US News as a Great School at a Great Price -- the higher the quality and lower the cost, the better the deal
Tuition & Fees
Personal & Misc
Room & Board
Books & Supplies
Transportation
Top 30% in High School Class
Does not accrue interest while student is in school
Federal Unsubsidized Direct Student Loan

Parent PLUS Loan

Private/Alternative Loans
Estimate the "net price" of UMF for you
Estimated Total Cost
- Estimated Financial Aid
NET PRICE
Enter your academics to see what scholarships are available
Put in financial information to see eligibility for need-based aid.
SEARCH

FAFSA4caster
in your search engine
umf.maine.edu

Search:
Net Price Calculator

Free Application for Federal Student Aid (FAFSA)
FAFSA.gov
positions
Aid Notification
PAID
Personalized, peer-to-peer financial sessions

Free on-campus events

Flexible meeting schedule
Peer Financial Literacy Program
PAID:
John,
To reward and encourage success
Application
The Free Application for Federal Student Aid (FAFSA)
Outside Scholarships
Guidance/College Counseling Office
Non-Need Based
Need Based
Non-Need Based
Need Based
Maine Community Foundation:
mainecf.org
FAME Scholarship Seach:
famemaine.com
FastWeb!:
fastweb.com
Many other online sources - Make sure to only use
FREE
searches!
5
2015-2016
2015-2016
5,000
21,016
-
5,000
16,016
Prepare
Research Cost and Financial Aid
Use the Net Price Calculator
Apply for Scholarships

Apply
FAFSA - FREE
Application for Federal Student Aid
Submit by
March 1st


Award Letter
Typically Sent in Mid-March. Review Carefully!
Compare across schools
Key Takeaways
Full transcript