Tuesday, July 12, 2016

2016-2017 Direct Loan Interest Rates


The new rates apply to Direct Loans first disbursed between July 1, 2016 and June 30, 2017.

Prior-Prior Year/ Early FAFSA


What’s New in Financial Aid?
Prior-Prior Year/ Early FAFSA
As early as October 1,  filing the FAFSA can begin earlier each year
Beginning with the 2017-2018 academic year: 
  • Students may submit a Free Application for Federal Student Aid (FAFSA) earlier each year.  Students will be able to file a 2017-2018 FAFSA as early as Oct. 1, 2016 (Previously not available until after January 1st each year).   
  • Completion of the FAFSA will also be simplified for students and parents who use the IRS Data Retrieval Tool.
  • Students are required to use prior-prior year federal tax information on the FAFSA.  When completing a 2017-2018, FAFSA students will report federal tax information from the 2015 tax year.
Is this a positive change?  YES!
Early preparation for the cost of attendance at colleges and universities is a win-win situation.  The U.S. Department of Education will require students completing a FAFSA to use federal tax information from two years prior to the academic year, as opposed to one year prior.  Completing the FAFSA using federal tax information from two years prior to the academic year ensures that most people will have filed their federal taxes.  Students and parents can use the IRS Data Retrieval Tool when completing the FAFSA.
 
 
 
Completing the FAFSA
 
Use Federal Tax Data for Year
 
FAFSA Submission may begin
ETSU’s  Preferred Priority Deadline to file FAFSA & file ready to package
 
ETSU Anticipates Awarding federal aid after
(subject to change)
 
2016-2017
 
2015
 
January 1, 2016
 
April 15, 2016
 
March 2016
 
2017-2018
 
2015
 
October 1, 2016
 
April 15, 2017
 
February 2017
 
2018-2019
 
2016
 
October 1, 2017
 
April 15, 2018
 
February 2018
 
2019-2020
 
2017
 
October 1, 2018
 
April 15, 2019
 
February 2018
 
 

Thursday, December 17, 2015

Tips college financial aid specialists want students to know

By

http://college.usatoday.com/2015/12/15/tips-college-financial-aid-specialists-want-students-to-know/ 

All three experts agree that many students enter college with little information on money management. They’ve seen this lack of information lead to credit card debt, overspending early in the year, or financial problems that can impact college attendance. However, administrators say it’s never too late to learn money management skills. Nora Cargo advises, “Budget for what you need and to save for what you want. Do not fall into impulse purchasing. Plan.” She adds, “My advice to parents of college students is to talk to your student, not for your student. Learning to navigate life’s challenges successfully is a part of the higher education journey. School officials are happy to help, but we also want students to be fully engaged in their educational experiences.” Many colleges offer on-campus financial literacy programs and web-based resources, as do other providers and the S. Department of Education

2. Finish School on Time

Ganser states that national data shows a trend in longer degree completion times. Typical four-year enrollments are inching toward five or six years for many. Two-year programs are progressively turning into three. Hugh Ganser cautions that this trend is leading to significant increases in educational expenses and loan debt, and special programs colleges are developing to help students finish on time. “Many schools offer advising and incentive programs that can help students stay on track. Academic and career counseling are also available to help undecided students make the right career decisions and plan the best educational program to achieve their goals. Some schools even offer fifth-year tuition forgiveness for students who pledge to finish on time and fulfill their obligations, but are unable to graduate in four years.” Federal student aid regulations also require that students make satisfactory academic progress and complete their programs within a specific timeframe to assure continued financial aid eligibility.
 

3. File the Free Application for Federal Student Aid (FAFSA) and Meet Deadlines

Some students assume they aren’t eligible for financial aid and don’t file a FAFSA. Anne Chapdelaine and Hugh Ganser advise all students to file a FAFSA, and to not rule themselves out in advance. Chapdelaine states, “Students should know that most aid programs, including federal loans, require a FAFSA annually. Ganser adds, “Missing deadlines can reduce aid eligibility for certain grant, scholarship or work-study awards, and result in higher borrowing levels.”

4. Look for Grant and Scholarship Resources

Grants and scholarships, whether from federal or state sources, your college, community groups, or larger national databases, are the best form of aid since they don’t have to be repaid. The FAFSA is the application for federal grants and most state and college grants. Check your state grant program’s information and your school’s website to see if any other forms are required. Chapdelaine states, “University and college websites have information about many of their scholarships and grants which have additional forms or steps required. Students should also check community organizations and other outside sources that provide scholarships.” There are also larger national scholarship databases students can investigate. Of all sources, national databases are the hardest and most competitive sources. As a general rule, the earlier students research and apply for outside scholarships, the better.
Nora Cargo is the Associate Director of Scholarships and Financial Aid at Texas A&M University. Hugh Ganser is the Associate Director of Financial Aid at the University of Buffalo (SUNY). Anne Chapdelaine is the Director of Student Financial Operations for The American Women’s College Online at Bay Path University.
Anne Del Plato is the Regional Director for U-fi Student Loans and is an expert in many aspects of financial aid, student loans and debt management. Anne’s experience includes positions in a number of areas of higher education finance including college financial aid offices, training and outreach development for a state financial aid agency, and most recently, as a Regional Director of Nelnet’s Partner Solutions team. Anne has spoken at numerous financial aid conferences across the Northeastern United States.

Tuesday, May 5, 2015

Federal Student Aid PIN to be Replaced with FSA ID





  • New log in process to improve security and customer experience for students and parents.
  • New FSA ID will be comprised of a user-selected username and password to replace the Federal Student Aid PIN, as the process by which students, parents, and borrowers authenticate their identity to access their federal student aid information.  
  • Implementation will begin May 10, 2015.  
  • There is nothing a user can or should do prior to implementation.
  • Only the owner of the FSA ID should create his or her account. 
  • The FSA ID serves as a legal signature, and only should be known and used by the owner.

Monday, January 26, 2015

File Your FAFSA for 2016-2017

Complete your FAFSA
Follow-up on GoldLink or give the Office of Financial Aid a call
Turn in verification documents soon as possible if you are selected
Complete all unsatisfied students listed in GoldLink Financial Aid
Read your email and respond promptly
Check your Eligibility in GoldLink Financial Aid
Call your Mother!
 

Wednesday, January 14, 2015

2016-2017 FAFSA Renewal Time!!!


File and Follow up Now on your FAFSA! 

April 15, 2016  is the ETSU Office of Financial Aid’s Priority Date to be ready for Fall 2016


Friday, October 10, 2014

Need Help? University Sponsored Loans May be Able to Assist you!

Whether it is help with a emergency needs, unexpected expenses, books, prior semester balance, or fees that are due,  the university may be able to assist you.  Information and Applications are available in the Office of Financial Aid or online at www.etsu.edu/finaid  by clicking on Types of aid, Loans, then University Sponsored Loans.