FINANCIAL AID AWARD PACKAGE 2020-21
TO UNIVERSITY OF THE INCARNATE WORD The Office of Financial Assistance will assist you as you progress on your journey to becoming a UIW graduate! Our office is committed to helping you understand the services we provide, the financial options available to pay for school, and the academic requirements that must be met to remain eligible for financial aid. Our goal is to assist you so that your education at UIW is affordable, and to provide options that help you manage any financial barriers that you may encounter. A successful partnership will ensure that your aid is delivered timely, and that you are given every opportunity to receive the maximum amount of funding from scholarship, grant, work-study and loan programs. Below is some essential information that will contribute directly to your success: Communication with Financial Aid • Our office will communicate requirements and next steps via your Cardinal Email account, BannerWeb and your Award Letter. • Check your Cardinal Email regularly as all service offices communicate pertinent information there. • We actively post updates regarding scholarships, events and deadlines on social media. Follow us on Facebook @UIWFinancialAssistance and on Twitter and Instagram @UIWFinancialAid! Expectations of Students • The FAFSA application must be renewed annually and becomes available October 1 for the next academic year. FAFSA results are analyzed to determine your award eligibility and are required to start the aid process. • Our office requires a timely response when requesting paperwork or additional information. • The ability to receive financial aid is directly tied to your academic performance, so you are expected to progress academically to remain eligible for aid at UIW. Satisfactory Academic Progress • Maintaining satisfactory academic progress ensures that you advance towards graduation in a timely manner, with the smallest cost and debt, before your aid is exhausted. • Federal and Institutional aid requires a cumulative 2.0 GPA each year and State (TEG) funding requires a cumulative 2.5 GPA for renewal eligibility. • All aid requires a completion rate of 75% of attempted coursework to remain eligible. • We encourage you to meet with our office to discuss the impact of dropping courses, changing majors and/or adding a minor, prior to doing so. Our office is here to assist with any questions or concerns you have along the way! We are available by walk-in counseling Monday-Friday, by phone (210-829-6008) or by email (firstname.lastname@example.org). More information about aid at UIW is always available online at https://www.uiw.edu/finaid. We look forward to working with you! UIW Office of Financial Assistance
YOUR AWARD LETTER The award letter details the financial aid UIW is offering you and your family for this academic year. Based on your Expected Family Contribution (EFC) determined by the FAFSA, your awards may include scholarships, grants, work-study and/or loans. Please note that this offer could change if information on your FAFSA is corrected as part of a verification review, or if you receive additional funding, such as veteranâ€™s assistance, tuition waivers, athletic funding or additional scholarships. You must determine the financial aid awards that you plan to accept or decline. This will help us track requirements you need to secure your funding. You will be notified if additional documents are necessary to finalize your awards.
COMMUNICATION The Office of Financial Assistance may request additional paperwork to complete your file and secure your awards. You will be able to receive correspondence from our office by: EMAIL UIW primarily communicates with students through email. Accordingly, all students are provided a university-specific email at the time of admission. Our office uses email to notify students about their awards, outstanding paperwork, scholarship opportunities and account updates. Check your Cardinal Email regularly for correspondence from UIW administrative offices, faculty and advisors. CARDINAL APPS Cardinal Apps is available to all current and confirmed students. This allows BannerWeb access to view outstanding financial aid requirements, check your Cardinal Email or view your bill. SOCIAL MEDIA You can follow the Office of Financial Assistance on multiple social media platforms for quick access to additional information and resources. Social media is one of the ways our office informs students about important dates/deadlines, scholarship opportunities and upcoming events.
VIEW YOUR AID ONLINE In addition to accepting your aid offer, you may also need to provide supplemental paperwork to secure your funding. Review your outstanding financial aid requirements using your BannerWeb account to see what additional paperwork or actions you must complete. To access BannerWeb and view your missing requirements, visit www.uiw.edu/finaid/ofa.html 1. Enter your UIW Student ID as your User ID (Example: if your ID is W01234567, enter 1234567). 2. Use your date of birth (MMDDYY) as your initial PIN and then change your PIN after you login. You may contact the Help Desk for assistance at email@example.com or 210-829-2721. 3. Click the Financial Assistance tab. 4. Click View your missing documents. 5. Select Summer 2020 â€“ Spring 2021 as the aid year. 6. View items to complete your file.
SUBMIT PAPERWORK Please include your name and student ID on all documents submitted to the Office of Financial Assistance. You may submit documents in any of the following ways: FILE UPLOADER Access the file uploader online at www.uiw.edu/finaid
MAIL UIW Office of Financial Assistance 4301 Broadway, CPO 308 San Antonio, TX 78209
IN PERSON UIW Main Campus, Chapel Building No appointments necessary
2020-21 TUITION & FEES The tuition and fees outlined below are effective for the 2020-2021 academic year. You can use this information to complete the Financial Planning Worksheet on the next page, which will help determine your annual costs. Students should also consider expenses such as a laptop, off-campus housing and personal expenses when evaluating costs and creating a budget. These items are not charged by UIW but may need to be calculated in the overall cost of attendance.
Housing - Single
Housing - Double
Housing - Triple
$250 or $680
$250 or $680
Tuition Banded rate for 12-18 credit hours Estimated Fees Student Service Fees, Record Fees, Course Fees Health Insurance Based on 2020-2021 rates, subject to change (may opt-out if insured)
Meal Plan (tax included) Books and Supplies Parking Permit Commuters $250, Residents $680
COST OF ATTENDANCE Your cost of attendance is an estimate of your educational expenses for the year. This helps establish your financial need and allows you to apply for aid to cover your expenses. The cost of attendance includes direct costs as well as indirect costs. Students can use the Financial Planning Worksheet provided on the next page to determine direct costs for the year. Students may also need to budget for additional expenses, such as books and supplies, health insurance and off-campus housing. These items are not automatically charged but are factored in the overall cost of attendance. DIRECT COSTS Direct costs are items paid directly to UIW that may include tuition, fees, as well as room and board for those who choose to live on campus.
INDIRECT COSTS Indirect costs are items not paid directly to UIW that may include transportation, personal expenses and off-campus room and board.
PLANNING SHEET Use this worksheet to compare your total college costs to your financial aid awards. Refer to the 202021 Tuition & Fees chart to estimate the annual costs versus the total aid listed on your award letter. This calculation will determine if your charges will be covered, or if you will need to seek additional resources. You will also want to account for other indirect expenses, such as books or off-campus housing. YOUR CALCULATIONS
Step 1: Annual Estimated Costs
Tuition (banded rate for 12-18 hours)
Fees (student service fees, records fees, course fees)
Health Insurance (may opt-out if insured)
On-campus Housing + Meal Plan (Commuters will need to estimate off-campus costs)
Books and Supplies
Parking Permit (Commuters $250, Residents $680)
TOTAL ESTIMATED COSTS
Scholarships and Grants (based on your award letter)
Outside Scholarships Awarded to the Student
TOTAL (balance after gift aid, not including loans)
Student Loans (subsidized and/or unsubsidized)
TOTAL (after gift aid and student loans)
Step 2: Deduct gift aid from estimated costs
Step 3: Deduct student loans (optional)
Step 4: Other resources/options Parent PLUS Loan/Private Education Loan
Contact Office of Financial Assistance
Payment Plan/Military Discounts/College Savings Plan VA Education Benefits
Contact Veteran Affairs Office EXAMPLE: ON-CAMPUS
EXAMPLE: COMMUTER Estimated Annual Costs Tuition (banded rate 12-18 hours) Fees (student service fees, course fees) Average UIW Room and Board Books and Supplies TOTAL DIRECT COSTS
Contact Business Office
$31,020 $1,266 $0 $1,400 $33,686
Estimated Annual Costs Tuition (banded rate 12-18 hours) Fees (student service fees, course fees) Average UIW Room and Board Books and Supplies TOTAL DIRECT COSTS
$31,020 $1,266 $13,014 $1,400 $46,700
SCHOLARSHIPS & GRANTS Scholarships and grants are forms of gift aid, which is funding that does not need to be repaid. SCHOLARSHIPS Scholarships are awarded based on academic excellence, performance in a specific activity (such as the fine arts), athletic performance or on other criteria established by donors. Outside scholarships are usually awarded by private foundations, community foundations, philanthropists, unions, non-profit organizations and for-profit corporations. A list of current scholarship applications can be found at www.uiw.edu/finaid/scholarships.html. GRANTS Grants are need-based federal and state funds that do not have to be repaid. Funds are available to eligible students based on financial need and level of enrollment. Grants are allocated to colleges in yearly, limited amounts and typically awarded to eligible students upon the completion of the FAFSA.
FEDERAL DIRECT LOANS Subsidized and Unsubsidized Federal Loans are offered to fill the gap between direct costs and gift aid. These loans are not credit-based and the amounts are based on grade level. Repayment begins six months after the student graduates or drops below half-time (six credit hours). SUBSIDIZED LOAN • Offered to undergraduate students with financial need, determined by FAFSA • Government pays interest while attending at least half-time or during deferment
UNSUBSIDIZED LOAN • Offered to undergraduate students; not required to demonstrate financial need • Accrues interest while attending school as well as during deferment
ACCEPTING YOUR FEDERAL STUDENT LOANS To accept student loans, log into https://www.studentloans.gov using your FSA ID to complete Loan Entrance Counseling and the Loan Agreement/Master Promissory Note (MPN). ENTRANCE COUNSELING • Click Complete Loan Counseling • Choose to complete the counseling as an undergraduate • Read the info and answer the questions • Complete and submit counseling
LOAN AGREEMENT • Click on Complete Loan Agreement • Start the MPN for Subsidized or Unsubsidized Loans • Review the information and then sign and submit
FEDERAL WORK-STUDY Federal Work-Study provides part-time jobs for students with financial need, allowing them to earn money to help pay educational expenses. The program encourages community service work and work related to the student’s course of study. Earnings will be paid directly to the student bi-weekly unless they request a direct deposit into a bank account or automatic payment toward educational expenses, such as tuition and fees. DETERMINE IF YOU QUALIFY FOR WORK-STUDY To qualify for work-study, students must file their FAFSA and demonstrate financial need. On the FAFSA, you must indicate that you are interested in being considered for work-study when asked. Students who don’t qualify for federal work-study may be hired by a department through student employment using university funds. HOW TO APPLY FOR A WORK-STUDY JOB A work-study award does not guarantee job placement. It is the student’s responsibility to apply for a position by visiting www.jobs.uiw.edu
OTHER OPTIONS You can choose to use one or more of the following options for balances not covered by financial aid: FEDERAL PARENT PLUS LOAN Parents of dependent students can apply for the Parent PLUS Loan at http://www.studentloans.gov.
VETERAN EDUCATION BENEFITS Contact the UIW Veteran Affairs Office for more information at firstname.lastname@example.org.
PRIVATE EDUCATION LOANS Private loans are offered by private lenders, such as a bank, online lender, or credit union and there are no federal forms to complete.
MILITARY DISCOUNTS Qualified military students and dependents may be eligible for tuition discounts. For more information, contact the Business Office at email@example.com.
MONTHLY PAYMENT PLAN Pay each semester’s balance in monthly payments through the e-Payment Center via Cardinal Apps.
COLLEGE SAVINGS FUND Contact the Business Office to utilize college savings funds at firstname.lastname@example.org.
MAINTAINING ELIGIBILITY In order to receive financial aid, you must meet the Satisfactory Academic Progress (SAP) requirements. SAP standards ensure that students are successfully completing their coursework. TO MAINTAIN YOUR ELIGIBLITY FOR FINANCIAL AID, YOU WILL NEED TO • Successfully complete a minimum of 75% of all attempted coursework, including transferred hours • Maintain a cumulative GPA of 2.0 IMPACT OF DROPPING A COURSE OR WITHDRAWING FROM SCHOOL • Paying for credit not earned • Possible return of aid resulting in a balance • Possible inability to transfer • Possible loss of aid eligibility • Takes longer to graduate ADDITIONAL REQUIREMENTS FOR SPECIFIC AWARDS Texas Equalization Grant (TEG) • Complete 24 credit hours and 75% of attempted hours per academic year • Maintain at least 2.5 cumulative GPA BENEFITS OF GRADUATING IN FOUR YEARS • Lower your overall cost • Maximize your aid using banded tuition • Borrow less in student loans • Advance to additional studies or employment • Start earning sooner! WAYS TO STAY ON TRACK TO GRADUATE ON TIME • Take advantage of the different resources UIW offers, such as the University Advising Center, Tutoring Services, TRiO, Writing and Learning Center, Career Services, Disability Services, etc. • Get to know your academic advisor, faculty mentor and instructors • Attend classes regularly and do not arrive late • Budget your money and manage your time
NEXT STEPS □ COMPLETE REQUIREMENTS TO FINALIZE AWARDS View missing requirements on BannerWeb at www.uiw.edu/finaid/financial-aid-details/ofa.html
□ APPLY FOR SCHOLARSHIPS Search for additional scholarship opportunities from UIW or your local community Scholarship resources can be found at www.uiw.edu/finaid/scholarships.html
□ SUBMIT OUTSIDE SCHOLARSHIPS Outside scholarships can be submitted in person or by mail Notify the Office of Financial Assistance if you are expecting any external awards
□ FIND A WORK-STUDY POSITION (IF ELIGIBLE) Students eligible for work-study can begin applying as early as July 1 View available work-study positions at www.jobs.uiw.edu
□ ACCEPT/DECLINE LOANS Accept student loans by completing Entrance Counseling and the Loan Agreement at https://www.studentloans.gov Decline student loans by contacting the Office of Financial Assistance or submitting a loan change request at www.uiw.edu/finaid/financial-aid-details/loanchange.html
□ APPLY FOR ADDITIONAL FUNDING (OPTIONAL) Parents may submit a Parent PLUS Loan application at https://www.studentloans.gov Students may also apply for private loans; credit-worthy cosigner may be required
□ ADDITIONAL ITEMS FOR INCOMING STUDENTS Pay your confirmation fee to reserve your place in the upcoming class Sign up for orientation Submit final high school and/or college transcript(s) Apply for on-campus housing (if applicable) at www.uiw.edu/housing Submit proof of your bacterial meningitis vaccination to email@example.com
OFFICE OF FINANCIAL ASSISTANCE 4301 Broadway, CPO 308 San Antonio, TX 78209 www.uiw.edu/finaid firstname.lastname@example.org Phone 210-829-6008 | Fax 210-283-5053
This publication is available in alternate format by request. To request an alternate format, please contact the UIW Office of Financial Assistance at 210-829-6008.