Financing Your Education Flip Book

Financing Your Education - 2014-15 Applying for financial aid and scholarships at the University of Idaho is EASY!

u i d a h o. e d u / f i n a n c e

Applying for financial aid and scholarships at the University of Idaho is EASY! All admitted students are automatically considered for University of Idaho merit scholarships. Submit a Free Application for Federal Student Aid (FAFSA) to also be considered for need-based scholarships and federal financial aid. Once your completed University of Idaho admission application is received and a FAFSA is submitted, no additional applications or essays are required.

Forbes Magazine ranks the University of Idaho 25th on their list of “Best Value” colleges across the country –one of only three universities in the western United States to make the list.

How do I pay for college?

There are several ways to pay for a college education, including self-help/family support and financial aid.

Self-help includes college savings accounts, summer employment and parental/family support.

Financial aid includes funding from the federal government, state governments, and colleges and universities.

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Grants and scholarships: money that does not need to be repaid

•

Work-study: money that is earned through employment at the college or university

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Loans: money that must be repaid

There are two primary types of financial aid: •

Merit-based eligibility is determined by your academic record which may include GPA and/or test scores. Most scholarships are merit-based.

•

Need-based eligibility is determined by submitting a Free Application for Federal Student Aid (FAFSA).

Go to www.studentaid.ed.gov for more information about federal financial aid programs.

How do I apply for financial aid at the University of Idaho?

Why should I get a college degree?

A worker with a bachelor’s degree will earn $1 million more in a lifetime, on average, than someone with a high school diploma.

And across the western United States, nearly 60% of all jobs by 2018 will require post high school education.

– “The College Payoff” Georgetown University

Merit-based aid: To receive priority consideration for merit-based scholarships, submit a complete application for admissions (including fee, transcripts and test scores) by February 15. Go to www.uidaho. edu/admissions.

Need-based aid: To receive priority consideration for need-based financial aid including grants, scholarships, work-study and loans, apply for admission and submit your FAFSA by February 15. Go to www.fafsa.ed.gov.

What does the University of Idaho offer in merit-based scholarships?

Special Ability and Departmental Scholarships

Academic Merit Based Scholarships IDAHO RESIDENTS

Go Idaho!

Qualified students are guaranteed to receive a minimum of the funding levels listed below in a combination of university scholarships. To check your eligibility for these programs, go to uidaho.edu/your-guarantee.

Platinum Level - $4,000 per year

SAT

ACT

cr+m

36

1600

4.00

3.80

32

3.20

GPA

1420

Gold $3,000 28

1260

Silver $1,500

24

1110 Estimated award ranges.

Awards based on a combination of high school GPA (unweighted) and test scores (ACT composite or combined SAT Critical Reading and Math).

($12,000 four-year value)

Silver Level - $1,500 per year

3.40

Platinum $4,000

($16,000 four-year value)

Gold Level - $3,000 per year

3.60

20

950

($6,000 four-year value) The funding level is determined by official transcripts and test scores submitted in the admission process.

Additional need-based Go Idaho! funds may be available based on the results of your FAFSA. *Renewable up to four years with a minimum GPA.

Academic Merit Based Scholarships OUT OF STATE RESIDENTS

Discover Idaho!

SAT

ACT

cr+m

Qualified students are guaranteed to receive funding levels listed below.

To check your eligibility for these programs, go to uidaho.edu/yourguarantee.

36

1600

Platinum Level - $8,000 per year

28

32

($16,000 four-year value)

3.60

3.40

3.20

GPA

Other non-resident tuition waiver programs are available. Visit www. uidaho.edu/financialaid

1420

1260

Where can I get help?

Gold $6,000 Silver $4,000

24

1110

($24,000 four-year value)

Silver Level - $4,000 per year

3.80

In addition, there are numerous college and departmental scholarships for students pursuing degrees in those academic areas. University of Idaho scholarship committees across campus award over $6 million in 4,500 individual scholarships to our students. These scholarships are primarily funded by generous donors who support our legacy of leading and tradition of providing access to a high quality education as a land-grant research university. By completing the university’s admission application and FAFSA, you will be considered for these scholarships.

Platinum $8,000

($32,000 four-year value)

Gold Level - $6,000 per year

4.00

The University of Idaho recognizes and rewards the talents and contributions that students bring to the University campus with special programs, including awards for diversity, performing arts and others. By completing the university’s admission application and FAFSA, you will be considered for all special program scholarships .

20

950

Estimated award ranges.

Awards based on a combination of high school GPA (unweighted) and test scores (ACT composite or combined SAT Critical Reading and Math).

Additional need-based Discover Idaho! funds may be available based on the results of your FAFSA. *Renewable up to four years with a minimum GPA.

Staff members are tra ined to help families with budget ing, loan repayment options, and special circumstances that may arise in financing your educ ation. Every student at the Unive rsity of Idaho has a Financial Aid Ad visor assigned by alphabet and we look forward to working with you.

How am I considered for need-based financial aid at the University of Idaho?

O

nce you are admitted and your FAFSA has been received, the financial aid office will begin working to find the best financial aid programs available to you. To determine your eligibility we will look at FAFSA records, including the Expected Family Contribution (EFC). The EFC is an index that will be used to determine which programs for which you qualify.

We will always try to provide students first with grants and scholarships that you don’t pay back, followed by self-help (workstudy programs) and loans (funds that you repay). Next, we will present you with an award notification including all of the financial aid options for which you qualify. You can select which programs best fit your needs to finance your college costs. Learn more about federal programs at www.studentaid.gov. Most importantly, we will be available to help you navigate through the financial aid process from your first application to graduation.

How much will it cost to attend the University of Idaho?

Estimated Costs for 2013-14

Idaho Residents

Non-Idaho Residents

Are there more options to help finance my education?

Yes. There are a number of resources for families, here are a few.

Outside Scholarships uidaho.edu/financialaid/typesofaid/externalresources It pays to search for community and national scholarships and apply. Any extra resource you bring in can help pay for the great education offered at the University of Idaho.

Speak with your guidance counselor and check with family employers, credit unions, churches and other community organizations to see if they offer scholarships.

Student Employment On and off-campus job opportunities are available to support students as they pursue their educational goals. See what kinds of jobs are available: www.uidaho.edu/financialaid/studentjobs Payment Plans Monthly payment plans require an enrollment fee at the time you start. There is no charge for interest. You can begin your payment plan as early as July to keep payments smaller. Information is available at: www.uidaho.edu/controller/studentaccounts/ paymentplans

Full-time Student Fees/Tuition

$6,524

$19,600

Room & Board

$8,034

$8,034

Books & Supplies (estimated)

$1,232

$1,232

How will I know what awards I am eligible for?

Subtotal: Base Costs

$15,790

$28,866

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Set up your Vandal Mail and check it often.

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Students who are admitted prior to December and who qualify for the guaranteed scholarship programs (Go Idaho and Discover Idaho) will be notified beginning in early December.

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A comprehensive award letter that will include all sources of funding will be sent in late March.

Financial Aid Timeline for the University of Idaho September to February 15 Complete the admission process to receive priority consideration for all merit-based scholarships.

Set up VandalWeb and VandalMail accounts at www. vandalsetup.uidaho.edu with information included in your admission letter.

December to February Award notification begins for those students who have been admitted and who qualify for the guaranteed academic merit programs.

January to February 15 Apply for need-based scholarships and other financial aid by filing a FAFSA at www.fafsa.ed.gov.

Estimate income to file the FAFSA by February 15, then make corrections when 2013 tax returns are complete.

If there are special circumstances that affected your family income in the past year, contact Student Financial Aid Services to determine if we may be able to recalculate your federal financial aid eligibility. Examples include loss of employment, large out-of-pocket medical expenses, etc.

Make plans to attend Vandal Friday.

March Admitted students will be automatically considered for merit-based awards by university-wide scholarship committees.

Students with a FAFSA on file will be considered for need-based financial aid.

Respond to any request for additional information from the financial aid office.

Complete award letters that include all sources of financial aid will be sent in late March.

Create a school year budget to figure out how you will pay for college expenses.

Attend Vandal Friday and register for fall classes.

April Accept awards on VandalWeb. Make plans for living in the residence halls or Greek housing.

July Watch for your billing statement and review your charges and financial aid awards.

Sign master promissory notes and complete entrance counseling for loans. Explore payment options and finalize your budget before school starts in August.

August Welcome to the University of Idaho!

What’s next?

Check your Vandal Mail weekly and follow up when we request information or notify you of actions you need to take (accepting scholarships, signing promissory notes, providing additional information to complete the FAFSA, etc.) Vandal Mail is our primary form of communication with all students before and during the school year.

NONPROFIT ORG U.S. POSTAGE

PAID

Student Financial Aid

UNIVERSITY OF IDAHO

875 Perimeter Drive MS 4291 Moscow ID 83844-4291

*VEX009*

Contact us!

Monday through Friday 9:30 a.m. to 5:00 p.m. PST Summer hours - 9:30 a.m. to 4:30 p.m.

709 S. Deakin Street, SUB 101 Moscow, IDÂ 83844-4291 Email: finaid@uidaho.edu Phone: 208-885-6312 1-888-8-U-IDAHO