FINANCIAL AID Scholars Orientation April 5 2018 FINANCIAL AID OVERVIEW FAFSA SCHOLARSHIPS amp GRANTS LOANS EMPLOYMENT OPPORTUNITIES SAP FAFSA What is the FAFSA Free Application for Federal Student Aid ID: 809611
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Slide1
SOUTHEASTERN LOUISIANA UNIVERSITYFINANCIAL AIDScholars Orientation April 5, 2018
Slide2FINANCIAL AID OVERVIEWFAFSASCHOLARSHIPS & GRANTSLOANS
EMPLOYMENT OPPORTUNITIES
S.A.P.
Slide3FAFSAWhat is the FAFSA?Free Application for Federal Student Aidwww.fafsa.govWhy should I complete the FAFSA?Determines if you can receive Federal Assistance – PELL GRANTS, SEOG, Federal Work Study and LOANS (Sub/Unsub)Required for TOPS recipientsDon’t leave money on the table
Slide4GENERAL INFORMATIONWHAT IT STANDS FOR!
EFC: Expected Family Contribution
COA: Cost of AttendanceLOSFA: Louisiana Office of Student Financial Assistance
SOUTHEASTERN’S SCHOOL CODE
: 002024
HELP LINE
: 1-(800)-433-3243
APPLY ONLINE
:
www.fafsa.gov
Slide5FAFSA & FSA ID
SOUTHEASTERN’S SCHOOL CODE
: 002024
HELP LINE
: 1-(800)-433-3243
APPLY ONLINE
:
www.fafsa.gov
Slide6TOPSTOPS recipients have until the end of summer semester to earn the required 24 credit hours. Failure to do so suspends all future eligibility unless an extenuating circumstance applies. Must be continuously enrolled and full-time through the census date each semester. Check with the Scholarship office before dropping a class.
TOPS Opportunity
No stipend included - Total: $2,826.10 Fall 201820-22 ACT/Retention 2.30 for the first year and 2.50 GPA every year after that
TOPS Performance
$200 stipend Fall 2018 - Total: $3,026.10 for semester
23-26 ACT/Retention 3.00 GPA
TOPS Honors
$400 stipend Fall 2018 - Total: $3,226.10 for semester
27+ ACT/Retention 3.00 GPA
Slide7ScholarshipsWhere do I get scholarships?Southeastern offers Honor Scholarships as well as other Department Scholarships. Contact Scholarship Office (985)549-5116Private companies found at www.losfa.gov , www.fastweb.com and www.lela.org Don’t just apply for one. It takes many applications to receive one award.We care, you SUCCEED
Slide8The Priority Scholarship is to be awarded to a student entering Southeastern as a beginning freshman if they applied by January 15th for the fall semester Any beginning freshman student admitted with a 23 ACT composite and a minimum 3.5 cumulative or ACT 24+ and a minimum 3.0 cumulative high school grade point average (on a 4.0 scale) qualifies for a scholarship at Southeastern.Housing supplement only available to students living on campus.All scholarships are awarded for eight semesters.
The application for admissions serves as the application for scholarships.
Eligibility is based on full-time status. For additional information about scholarships or TOPS, students can visit our website at
www.southeastern.edu/scholarships
or call the
Scholarship
Services at (985)549-5116.
Retention Requirements:
The
student must earn a
MINIMUM 3.0 SEMESTER & CUMULATIVE GPAThe student must be continuously enrolled full-time each semester (minimum 12 hours).The student must attempt and pass no less than 30 hours per academic year. The academic year is defined as the combination of the Fall, Spring and Summer semesters
.
BEGINNING
FRESHMAN
PRIORITY SCHOLARSHIP
Slide9Students must have an ACT 23+Cumulative GPA of 3.0+Scholarship to assist cover tuition and some fees is available for up to six credit hours per semesterMore information at: www.southeastern.edu/apply/high_school/Summer Start
Slide10Available to all undergraduate students enrolled in the summer (except those only in a study abroad program)Pays $300 toward the tuition costSummer Smart
Slide11SCHOLARSHIPSDUAL ENROLLMENT 15+ Completion Scholarship
C
riteria: Student must have at least 15 hours of Dual Enrollment credits with a “C” or better from Southeastern and graduated in May 2018
Scholarship Amount
: $1,000 split into 2 semesters
Semester Awarded
: 1 year (two semesters) only
$500 for Spring 2019 and $500 for Fall 2018
We care, you SUCCEED
Slide12LEONETStudent Center
To Do List: 1/3 of students are selected for verification and will have items
Account Inquiry
View Financial Aid
Accept/Decline Awards
Make a Payment
Slide13Student Self Service
Slide14GRANTSMONEY YOU DON’T REPAY!
Federal Pell Grant
Federal Supplemental Education Opportunity Grant (SEOG)
Louisiana Go Grant Program
Slide15LOANSFEDERAL DIRECT LOANS
Subsidized
– Government pays interest while in school (4.45%)Unsubsidized – Government does not pay interest while in school (4.45%)
Basic Loan Limits (dependent students)
$5,500 1
st
year undergraduates – Of which,$3,500 can be subsidized
$6,500 2
nd
year undergraduates – Of which,$4,500 can be subsidized$7,500 for remaining undergraduate – Of which, $5,500 can be subsidized
Slide16LOANSFEDERAL DIRECT LOANS
Only borrow what you need
Slide17LOANS
PLUS LOAN
Parent loan program for parents of dependent undergraduate students, apply online at
studentloans.gov
Fixed interest rate of
7
%
Repayment begins 60 days after the loan is fully disbursed
If parent applies for PLUS Loan and is subsequently denied, student may then receive additional Unsubsidized loan funds
In order to receive either PLUS or PLUS denial funds, student must submit a request with Office of Financial Aid
Slide18LOANS
LOAN TIPS
All first time borrowers must complete an Entrance Interview and a Master Promissory Note. Information on these may be found on-line at
studentloans.gov
.
Students have a six month grace period.
WORK STUDY
BENEFITS
Networking within departments
Departments work around student’s schedule
*To view current openings, visit the Student Employment Network at
www.southeastern.edu/sen
.
Student will be considered either Federal (based on financial need) or State (not based on need)
Student may work up to 25 hours per week
Slide20SATISFACTORY ACADEMIC PROGRESS (SAP): HOW DO I KEEP MY AID?G.P.A.Must maintain at least a 1.75 cumulative G.P.A. (freshmen) or at least a 2.0 cumulative G.P.A. (sophomore, junior, senior)Percentage of CompletionMust complete at least 67% of courses enrolledMaximum Time FrameMust not exceed 180 credit hours for first undergraduate degree
Slide21CONTACT INFORMATION
SCHOLARSHIP OFFICE:
(985)549-5116, Room 120FINANCIAL AID COUNSELORS
Assistant Director - Tara
Laborde
A – D Mary Gaye Savant-
mgsavant@southeastern.edu
E – L
Jessica McMillian - jessica.mcmillian@southeastern.edu M – R Jacob Rester
– jacob.rester@southeastern.edu
S – Z & Veterans Sophie
Dagro
–
sophie.dagro@southeastern.edu
Assistant Director, Scholarships & Work Study – Terry Garner
Financial Aid Director - Charles D
Cambre
Location: North Campus, Financial Aid Building
Financial Aid: (985) 549-2244 or (800) 222-SELU(7358)