Welcome to STAR

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Financial Aid Triena Bodart Assistant
Director Department of Financial Aid

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Financial Aid
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• Websites
• PIN.ed.gov
• FAFSA.ed.gov
• Apply online
• It is Free and Fast!
• UWM Department of Financial Aid
• www4.uwm.edu/financialaid

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Best Advice

• APPLY!

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Remember

• Re-apply every year between January 1st and March
  1st

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• What is Financial Aid?
• Gift Aid (Grants and Scholarships)
• Loans
• Federal Work Study

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FFELP Stafford Loans

• Subsidized
• Non-interest bearing while in school

• Unsubsidized
• Interest bearing while in school

• Fixed Interest 2007-08 6.8
• 3500 Freshman Year

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• Additional Options
• PLUS (interest 8.5 fixed)
• Alternative Education Loans (interest varies)
• Which is better?
• Apply for both from our website
• www4.uwm.edu/financialaid

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How do I make sure my financial aid will be
disbursed on time?

• 1)Report Credit Level if less than 12 credits
• 2)Complete a Master Promissory Note
• Entrance Loan counseling from Website
• 3)Report any additional funding

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• Master Promissory Note Entrance Loan
  Counseling
• www4.uwm.edu/finaincialaid
• Click Online Loan Processing

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Choose a Lender

• 5 different suggested lenders on our website
• Look at borrower benefits and origination fees
• For additional lender options visit
  www.wasfaa.net

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• Full Tuition due August 24th
• 1 interest accrues on any unpaid balances.

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Payment Plan

• Must sign credit agreement and make 3
  installments of tuition.
• Information can be found on Bursars Office
  website.
• For all payment concerns, please visit the
  Bursars office or website.

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To prevent cancellation of classes

• Make a Deposit (200) toward tuition by August
  24th
• -or-
• Receive a Financial Aid Award Notification by
  August 17th

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Payment of Financial Aid

• First disbursement of financial aid is August
  25th

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Use of financial aid funds

• Tuition is automatically paid, excess cash is
  mailed
• Must sign authorization form to pay any other
  bills with excess cash, ie Housing

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• What is my balance DUE?
• Tuition Aid Balance Due
• If balance positive, that is amount due
• If balance negative, that is your excess cash

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• Example
• Freshman loan 3500/year
• 1750 fall/1750 spring semester
• Remove Loan Fees 3 (or 52.50)
• Net amount 1698 fall /1697 spring

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What is my balance due?

• 3627 - 1698 1929
• Tuition Aid Balance Due
• Balance due 1929

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• Unusual Circumstances
• Divorce, unemployment, death, high medical
  bills
• Meet with an Advisor to gather information
• Dont wait to pay your tuition

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Questions? Thank You for your time.