Understanding the Process

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Understanding the Process

presented by



OFFICE OF FINANCIAL AID

Mailing Address 620 George Street New
Brunswick, NJ 08901-1175
Location College Ave Campus Room 140 Records
Hall

studentaid.rutgers.edu Telephone [phone]
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Awarded by the Admissions Office

• Rutgers University First-Year Scholarships 2008
  for New Jersey Residents
• SAT ACT High School
• Percentile Rank
• (best combination of (Composite)
  95-100 90-94 85-89
• critical reading and
• math scores)
• 1500-1600 34 20,175 10,000 7,500
• 1450-1490 32 10,000 10,000 7,500
• 1400-1440 31 7,500 7,500
  5,000
• 1300-1390 29 5,000 5,000
  2,500

For more information go to http//admissions.rutg
ers.edu/080101.asp
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Free Scholarship Resources
FinAid on the Web www.finaid.org The
College Board http//apps.collegeboard.com/cbse
arch_ss/welcome.jsp FastWeb www.fastweb.com
Scholarship Resource Network Express
www.srnexpress.com GoCollege The Collegiate
Websource www.gocollege.com
Look for scholarships through High
School Guidance Office Check local
library Parents Employer Newspapers Fraterniti
es/Sororities Organizations
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• Getting Started
• Register for Federal PINs at www.pin.ed.gov
• Apply for Federal Student Aid at www.fafsa.ed.gov
  
• Federal code is 002629
• Priority Filing Date March 15th
• You will be reviewed for Federal, State, and
  University Aid

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Federal Aid - PELL, Supplemental
Educational Opportunity Grant (SEOG) -
Academic Competitiveness Grant (ACG)/Science and
Mathematics Access to Retain Talent (SMART)
Grant - Federal Work Study Program
- Perkins Loan, Stafford (subsidized and
unsubsidized) Loan, PLUS State Aid -
Tuition Aid Grant (TAG), Educational Opportunity
Fund (EOF) - Bloustein Scholarship
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University Institutional Assistance Grant,
Academic and College Scholarships,
Institutional Loans, and Payment Plans Private
- Outside scholarships i.e., Unions
Fraternities, Corporations, Professional
Organizations, Chamber of Commerce -
Commercial Educational Loans
Note Commercial Educational Loans are from
private lending institutions. We do not endorse
any lender but provide some options in the event
you need to borrow to meet educational costs. You
may go to http//studentaid.rutgers.edu/alc.asp
to view some options.
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• After Filing a FAFSA
• Federal Processor provides a Student Aid Report
  (SAR)
• Acknowledgment
• Expected Family Contribution (EFC)

• New Jersey Residents
• Receive a Student Eligibility Notice (SEN) from
  the Higher Education Student Assistance Authority
  (HESAA)

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• What is the Students Responsibility?
• Federal
• If the Student Aid Report (SAR) is returned
  without an EFC
• the student must respond to the comments on the
  SAR
• only upon satisfactory completion, a valid EFC
  will be issued

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• What is the Students Responsibility?
• NJ Residents
• HESAA may request information before finalizing
  some state aid
• Respond to the Additional Information Request
  (AIR)
• Return the AIR directly to the Trenton address
  provided

Do Not Ignore This Request! The award depends
upon successful completion of the process.
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• When will student hear from the
• Office of Financial Aid ?
• Student should have received an Initial Offer
• based on initial FAFSA Information
• for planning purposes
• Starting late May, upon completion of students
  financial aid file
• student will receive an Award Offer
• student will receive instructions that must be
  followed
• to complete the financial aid process

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• The Award Offer. . .
• Read the Award Announcement and The Award Letter
  Guide that will be mailed
• Visit Important Links
• Review awards and Data Change Form (DCF)
• Review the For Your Information section
• View required documents

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• Data Change Form (DCF)
• Return the DCF ONLY if there are changes to
  assumptions or to reduce or decline all or part
  of your awards

Promissory Note(s) If the student is awarded
loans follow instructions for completion of
promissory notes
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• Online Access
• At studentaid.rutgers.edu you will find important
  links
• Check Required Documents
• For status of your students paperwork
• Check Awards Status
• to view awards

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GOVERNMENT CONTACT INFORMATION
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Financial Aid Process

• Pre-registration
• Financial aid will remain inactive and will not
  credit to the students account, if a student does
  not pre-register.
• Students must pre-register for Fall in order to
  receive a term bill.

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• Using Aid to Help Pay the Bill
• The goals of the Office of Financial Aid are to
• establish the students aid eligibility
• satisfy federal, state, and institutional
  requirements
• credit aid to the students account