preview 2015 - financial aid
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WOW! I love this school.
This is where I want to
go! OK?
I love it, too. I wonder
what it costs and can
we afford it?
Me, too
Me, too!
Maybe we should
have started saving
sooner.
Financial Aid:
Paying for
College
Elizabeth L. Caldieraro
Financial Aid Advisor
Office of Student Financial Aid
Financial
Aid:
Who actually
understands
this stuff?
Scholarships, Federal and State
Financial Aid
Outside/Private Scholarships
Grants
˗ Federal and State funds that do not need to be
repaid
Student Employment
˗ Earn money while working on campus
Student/Parent Loans
˗ Low interest loans that must be repaid
Outside/Private Scholarships
Check with your
employer, private
organizations, etc.
Use free scholarship
search services
fastweb.com
isac.org
siue.edu/financialaid
Do not pay for
scholarship searches
Watch out for
scholarship scams!
How to Apply for Federal and State Aid
Obtain a FSA ID for student (and parent, if applicable)
Complete the Free Application for Federal Student Aid (FAFSA) at fafsa.ed.gov
Our website, siue.edu/financialaid, has links to all of these processes
Apply as early as possible!
The FAFSA is available January 1.
File by February 1 (preferred) to ensure your file is complete by the first tuition payment due date
FAFSA
fafsa.ed.gov
2015-2016
1. Complete your FAFSA
2. FAFSA is processed by government
3. FAFSA is received by University
4. Award letter or verification?
After We Receive Your FAFSA
You may be selected for verification, a Federal
process required for at least 30% of all
applications.
We gather tax forms (W-2’s, etc.) and verify the
information on your application.
If you are not selected for verification, or after
your file has been verified, you will have an
Award Letter on CougarNet.
CougarNetWeb access to your personal records!
Check the status of your
application for admission
View financial aid documents
requested/received (Verification)
View and print Award Letter
Check on your financial aid
awards (scholarships, etc)
View your bill
Check on the availability of
classes
Update your local, billing and
email addresses
Access CougarNet at
siue.edu/cougarnet
I have my Award Letter, now what?
Your Award Letter on CougarNet:
Cost of Attendance/Budget
EFC ( Expected Family Contribution
Number)
Types of Aid
Student’s Cost of Attendance/Budget
does not equal actual costs:
Tuition and Fees
Room and Board
Personal Expenses
Books and Supplies
Transportation
What is an EFC?
The Expected Family Contribution
number, or EFC, is the result of the
FAFSA. It is used to determine how
much, if any, need-based/gift aid a
student can receive.
EFC’s can range from 0–99,999
Examples of Need-Based Aid
Grants (Pell, MAP, SEOG, etc)
Federal Student Employment
Scholarships
Subsidized Loan
Types of Loans
Federal Direct Loans – subsidized and
unsubsidized
Federal Direct PLUS Loans (Parent)
Alternative Loans – private lenders
Loans are considered to be financial aid, and
ALL loans must be repaid.
Prestigious SIUE Scholarships
• Meridian Scholarship
• Cougar Pride Scholarship
• Johnetta Haley Scholarship
• Phi Theta Kappa Scholarship
• Foundation Scholarships
For more information on scholarships, visit: siue.edu/financialaid
Paying for College
Fall 2015 semester
direct costs:
Illinois resident or
live in Ark., Iowa,
Ind., Ky., Mo.,Tenn.
or Wis.
15 credit hours
Includes textbook
rental fees
Description Cost
Tuition and Fees $5,123.25
Shared room in residence hallActivity Fee
$2,880.00
$15.50
Meal Plan A $1,630.00
Total Direct Cost:Total, 2 Semesters:
$9,648.75$19,297.50
Based on information available at
siue.edu/apply/tuition
Paying for College
Fall 2015 semester
direct costs:
Out-of-state
resident
15 credit hours
Includes textbook
rental fees
Description Cost
Tuition and Fees $10,869.75
Shared room in residence hallActivity Fee
$2,880.00
$15.50
Meal Plan A $1,630.00
Total Direct Cost:Total, 2 semesters:
$15,395.25$30,790.50
Based on information found at
siue.edu/apply/tuition
Other Indirect Costs To Consider:
Supplies
Transportation
Misc./Personal
Total Cost
$840
$1,458
$1,399
$3,697(per academic year)
Student Employment
Regular Student Employment (RSE)
Federal Work Study (FWS)
Work maximum (20 hours per week)
Earn minimum wage ($8.25)
Visit siue.edu/studentemployment to learn more about
student employment and see current openings. All Jobs are
listed under the link “Student Job Finder.”
Installment Payment Plan
The first bill will be
available on CougarNet in
July 2016
Due date of first payment:
early August 2016
For an in-state student,
living on campus, enrolled
in 15 hours, the amount
due will be approximately
$9,648.75 (for one
semester)
Installment Payment Plan $20 fee for the plan
4 payments of approximately $2,412
Due Aug., Sept., Oct. and Nov. (dates announced later)
Pay by eCheck, check, cash, MasterCard or Discover.
If paying with credit card, you can pay online at siue.edu/BURSAR
Billing amounts based on 2015-2016 charges.
Privacy of our Students
We are dedicated to the protection of our students’
privacy and identity; therefore, only certain
information can be obtained from our office or the
Office of the Bursar without the student being
present and presenting a picture ID. No
information will be given without the student’s
identification number.
Important Dates
December 1
˗ Admission deadline for institutional scholarships
˗ Application deadline for SIUE premier scholarships
January 1
˗ File the FAFSA at fafsa.ed.gov
May 1
˗ Declare intent to attend
June 2016
˗ Attend Springboard for Success for incoming freshmen
August 2016
- Start college!
Reminders
Complete a FAFSA every year, as soon as possible after January 1. Estimated tax information is okay to use.
No paper Award Letters are sent.
CougarNet and SIUE email are the mediums by which we communicate with our students.
Check CougarNet at least once a week to view any changes in the Award Letter or new requests for missing information.
Important Contact InformationOffice of Student Financial Aid (618) 650-3880
FAX (618) 650-3885
siue.edu/financialaid
2308 Rendleman Hall Edwardsville IL 62026-1060
Office of Student Employment (618) 650-2563
FAX (618) 650-2566
siue.edu/studentemployment
2221 Rendleman HallEdwardsville IL 62026-1030
Office of the Bursar (618) 650-3123
FAX (618) 650-2971
siue.edu/bursar
Rendleman Hall, First FloorEdwardsville IL 62026-1042
We are here for you!
Office of Student Financial Aid is open from 8
am until 4:30 pm to help you. Our office is
located next door, Room 2308 Rendleman Hall.
You can contact us by phone, email, fax or in
person.