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Triena Bodarton 16 January 2014
Transcript of Parent NSO
while in school
Interest rates 2013-2014:
and $3500 FR max
and $2000 FR max
$5500 total maximum loan as Freshman
while in school
(interest 6.41% fixed)
Alternative Education Loans
Which is better?
Apply for both from our website:
Payment of Financial Aid
1st disbursement of financial aid occurs
TUITION DUE: If no financial aid offered by due date, must pay AT LEAST $200 tuition deposit
Department of Financial Aid, Student Employment & Military Education Benefits
Paying for College:
Financial aid was created as the BRIDGE to Higher education.
All the information gathered on the FAFSA is to develop an understanding of the household information
4 Steps To Financial Aid:
Each student must “Accept” any work study or loan awards they plan to use through their PAWS account.
Third Party Access
Allows Parents to view Student information
Parents Cannot Accept Funds
any grants, work study, and loan awards
through PAWS account Self-Service feature
Credit Level if less than 12 credits
a Master Promissory Note &
Entrance Loan counseling from Website
any additional funding (i.e. Scholarships)
To Ensure On-time Disbursement:
Tuition and/or housing is paid first
excess cash is mailed
Determining Balance Due:
Positive Balance = balance due
Negative Balance = Excess $$$
Students must maintain academic progress to continue to receive federal aid
Make sure you are completing all the credits you are taking
Failing a 3 credit class - Approximately $1451
Mellencamp Hall, Room 162
P.O. Box 469
Milwaukee, WI 53201-0469
414 229-4541 phone
414 229-5699 fax
1. FAFSA is submitted and processed by
Federal Department of Education
2. UWM retrieves the info (1-2 weeks)
3. UWM sends notification of award - OR -
request missing/inaccurate information
Verification process: Average of 6 weeks
Admission Match (Name, DOB, SSN)
What is Financial Aid?
- Gift Aid (Grants and Scholarships)
- Federal Work Study
Master Promissory Note
& Entrance Loan Counseling
Divorce, unemployment, death, high medical expenses
Call or set up an appointment with an advisor to discuss
Don’t wait to pay your tuition!
Submit any required documents to financial
View financial aid award via PAWS account accept awards
Complete MPN and ELC for Direct loans
Apply for additional loans if desired or needed
Remember to re-submit the FAFSA each year between January 1st and March 1st
Thank You for your time!
~ Apply every year after January 1st.
“TO DO” Items
1.05% origination fee