objectives · 2020. 4. 21. · financial-aid. max $6,195** federal supplemental educational...
TRANSCRIPT
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OBJECTIVES
ChecklistApplication & Awarding Process
Financial Aid Programs
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Senior Checklist for Financial Aid
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Presentation can be found at: www.kent.edu/financialaid
Scroll down the page to find“New Freshman” tab and select Financial Aid Presentation
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Net Price Calculator
• Help you understand your options for paying for college
• Estimate eligibility for federal student aid
www.kent.edu/financialaid/calculator
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Prepare and Explore
• View online financial aid presentations
• Search for scholarships
• Free money
• No FAFSA required
• Parent and student employers
• Local organizations
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Scholarship Tips
Start NOW
Complete applications carefully
Answer all questions
Be aware of deadlines
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External Scholarships
•www.collegeanswer.com
•www.collegeboard.org
•www.fastweb.com
•www.petersons.com
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Incoming Freshman Scholarships
www.kent.edu/scholarships
Eligibility is based on cumulative high school GPA and test score
Students must apply for admission by May 1, 2020 and be admitted by June 1, 2020
Scholarship information available on the website:
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KSU Scholarship Search
www.kent.edu/financialaid/scholarship-search-all-students
• Scholarship Search
• Student Financial Aid Scholarship Application
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Application &
Awarding Process
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Free Application for Federal Student Aid
Information Needed:(from both student & parent)
• FSA ID (electronic signature)
• Biographical Information
• 2018 Income Tax Return Information• Use IRS Data Retrieval Tool
Need to file your FAFSA?
studentaid.gov
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• Sections are same as FAFSA on the Web
• User will still get the summary screen once oncethe FAFSA is submitted
myStudentAidapp
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FAFSA Guidelines
Submit the FAFSA beginning October 1st
• Complete every year
• File by December 1st for maximum financial aid eligibility
2020-2021 FAFSA will use 2018 tax information
• Use IRS Data Retrieval Tool to transfer
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FAFSA Resources
• FAFSA process
• IRS Data Retrieval Tool Process
• One portal for Department of Education information
studentaid.gov
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Admitted Student Awarding Process
Student receives an electronic Student Aid
Report or paperStudent Aid Report
with Expected Family Contribution (EFC)
College receives an
electronic version of
Student Aid Report (SAR)
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Kent State runsthe information
through the system to
calculate and offer financial
aid
Student can view financial aid on
FlashLine(student portal)
Freshman will receive an
Financial Aid Offer
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Tuition and Fees• Per credit hour
• Ohio Resident/ Non-Ohio Resident
• Kent Campus/ Regional Campus
• Current rates on Bursar website
• Ohio Tuition Guarantee
www.kent.edu/bursarPayment Due Date Fall 2020 8/7/2020
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Estimated Cost of Attendance
In- State Out-of- State
*Billed and **Non-billed costs based on 2020-2021 estimated amounts
Tuition (2020-2021 cohort rates)*
Standard Double Room*
Basic Board (Meal) Plan (Blue Plan)*
Books and Supplies**
Transportation**
Miscellaneous and Personal**
Total:
$11,432
$7,510
$4,574
$1,200
$2,054
$1,888
$28,658
$20,486
$7,510
$4,574
$1,200
$2,054
$1,888
$37,712
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• New first-time undergraduate students and eligible transfer students for fall 2020
• Ohio resident tuition rate, room, and board plan
charges will not increase during their applicable cohort period
www.kent.edu/bursar/tuition-guarantee-program-faq
Ohio Tuition Guarantee
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Residence Services
Room rates range from $3,755-$5,578for a single semester
Examples:
• Standard Single: $4,253• Standard Double: $3,755• Two-Person Semi-Suite
w/ Shared Bath $4,198• Single w/ Private Bath $4,918 www.kent.edu/housing
Rates based on proposed 2020 rates.
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Dining Services
Board Plan (Meal Plan) rates range from $2,287-$2,609for a single semester
• Blue: $2,287• Kent: $2,500• Gold: $2,750
Rates based on 2020-2021 proposed Cohort amounts
www.kent.edu/dining
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Financial AidPrograms
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Types of Aid
Gift Aid:
Scholarships and Grants
Self-Help Aid:
Work Study and Loanshttps://www.kent.edu/financialaid/discover-financial-aid
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max $6,195**
Federal Supplemental Educational Opportunity Grant Non-Resident max $1,600*
Resident max $800*FSEOG
Federal & State Grants
*Amounts based on 2019-2020 **Projected amount for 2020-2021
Ohio College Opportunity GrantOhio Resident max $2,000*OCOG
Pennsylvania Resident max $526*PA State Grant
Federal Pell Grant
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Contact Career Exploration and Development
www.kent.edu/career
Student Employment
• Federal Work Study
• University Funded Employment
Federal Work Study
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• Maximum amount $5,500/year for freshmen
• Origination fee applies 1.059%
• Interest rate 4.529%*• Subsidized• Unsubsidized
• Go to StudentAid.gov• Sign in using FSA ID• Complete Entrance Counseling• Sign the Master Promissory Note (MPN)• Annual Student Loan Acknowledgement
(Available in April)
Federal Direct Loans
*Interest rate is set annually after July 1 each year
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• Parent must complete online
• Instant credit decision
• Interest rate 7.08%*
• Origination fee applies 4.248%
• Deferment option available
• Interest accrues
• Option if credit is denied:
• Endorser
• Student can borrow additional unsubsidized loan
Federal Direct PLUS
*Interest rate is set annually after July 1 each year
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Billed Costs (tuition, room and board)
Total Financial Aid
Estimated Amount Due
Determine Your Cost
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Private Education Loans
Help students pay
educational costs
beyond federal,
state and
institutional aid
www.kent.edu/financialaid/fastchoice
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Bursar Payment Plans
• Single payment• payonline.kent.edu
• 4 or 5 month payment plan
• Coordinated through Flywire.
https://www.kent.edu/bursar/monthly-payment-plan-options
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Change in family financial circumstances
Special Circumstances
• Loss of income/benefits
• Divorce/Separation
• Parent in college
www.kent.edu/financialaid/forms
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Studentaid.ed.gov Resources
• More Info > Resources (located at the bottom of the homepage)
• studentaid.gov/resources
- OR -
• Search by topic
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Social Media Websites
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