Financial Aid
Office of Student Financial Assistance
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WHAT WE WILL COVER
Cost of Attendance
Eligibility
Types of Aid
Office of Student Financial Assistance
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ESTIMATED COST OF ATTENDANCE
9 MONTH ACADEMIC YEAR (14-15)
DIRECT COSTS
Tuition & fees (15 hours-Fall & Spring) $8772
Books (varies)
1192
Room and board-dorm (varies)
8868
SUBTOTAL
$18,832
INDIRECT COSTS
Misc. costs (varies)
Transportation (varies)
TOTAL EST. COST
Office of Student Financial Assistance
$1854
3000
$23,686
3
Out of State & Foreign
students, add
about $10,000 per year.
Office of Student Financial Assistance
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Planning for the Cost to Attend College
PLANNING YOUR EXPENSES
Tuition, Fees & Misc.
$_____
Books
$_____
Supplies
$_____
Fraternity or
Sorority dues $______
Dorm/Rent
$______
Utilities
$______
Telephone
$______
Furnishings $______
Food/Board
$______
Snacks/Beverages $______
Restaurants $______
Clothing
Laundry/Cleaning
Commuting
Trips home
Car Payments
Auto/Gas/Maint
Entertainment
Dates
Tapes/CD’s
Movies
Sports/Fitness
Childcare
$_____
$_____
$_____
$_____
$_____
$_____
$_____
$_____
$_____
$_____
$_____
$_____
Insurance
Car
Renters Ins.
Medical/Dental
Prescriptions
Miscellaneous
___________
___________
Emergencies
Gifts/Contributions
$______
$______
$______
$______
$______
$______
$______
$______
$______
$______
Total Expenses
$______
MEETING YOUR EXPENSES / EXPECTED FAMILY CONTRIBUTION / FINANCIAL ASSISTANCE
You & Your Family
Savings
Parent Income
Gifts
Loans
Your Job Earnings
Investments
Federal Benefits
State Benefits
$_____
$_____
$_____
$_____
$_____
$_____
$_____
$_____
Total Family Resources
$_____
Financial Aid
State Grants
Scholarships – College
Scholarships – Other
Federal Pell Grant
Federal SEOG
Other Grants
Federal Work Study
Federal Perkins Loan
Federal Sub Stafford
Federal Unsub Stafford
Federal Parent PLUS loan
Total Financial Aid
$_____
$_____
$_____
$_____
$_____
$_____
$_____
$_____
$_____
$_____
$_____
$_____
Office of Student Financial Assistance
Total Family Resources
+ Total Financial Aid
- Total Expenses
$_________
$_________
$_________
= Funds still needed (if any) $_________
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DOCUMENTS NEEDED
TO DETERMINE
ELIGIBILITY
Free Application for Federal
Student Aid (FAFSA) can be found at
www.fafsa.ed.gov
Electronic Processing is Recommended
Verification documents, Student and
Parent Tax Transcripts (if requested)
Office of Student Financial Assistance
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TASFA Applications
Undocumented students, those without a
social security number, must complete a
TASFA Application
Not eligible for federal financial aid,
including work-study.
www.collegeforalltexans.com
Office of Student Financial Assistance
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FINANCIAL NEED
ANALYSIS
COST OF EDUCATION
u Tuition & fees u Books & supplies u Travel
u Room & board u Personal expenses
 TOTAL FAMILY CONTRIBUTION
u Student contribution
u Parent contribution
___________________________________
= FINANCIAL AID NEED
Office of Student Financial Assistance
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TYPES OF FINANCIAL ASSISTANCE
GRANTS
u Based on need
u Federal, State, University
Office of Student Financial Assistance
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TYPES OF FINANCIAL
ASSISTANCE (Continued)
 LOANS
u Based on need, such as Subsidized
u Some loan programs are NOT based
on need, such as Unsubsidized
Interest rates as of July 1, 2014: Direct – Sub 4.66%, Unsub 4.66%; Parent Plus – 7.21%
 WORK STUDY
u Part-time work
u Based on need
 SCHOLARSHIPS
Office of Student Financial Assistance
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SFA’s Purple Promise Program
This program supplements other gift aid up to the grant
cap to pay remaining tuition and fees owed for 15 hours
each fall and spring.
Eligibility requirements:
Must be a Texas Resident
Must be a first-time freshman
Must have a combined family Adjusted Gross Income (AGI) of
$30,000 or less
Must complete all financial aid application requirements by June 1
Must enroll in 15 semester credit hours each fall and spring
Must maintain a 2.2 GPA
Office of Student Financial Assistance
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Federal TEACH Grant Program
u Up to $4,000 per year for four years
u For students who plan on becoming teachers & meet certain
specified requirements
u Must have & maintain at least 3.25 GPA or higher
u If a student receives a TEACH grant & does not complete the
required teaching service obligation, the grant must be repaid
as a Federal Direct Unsubsidized Loan.
u Go to www.teachgrant.ed.gov to learn more.
Office of Student Financial Assistance
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FINANCIAL AID SAMPLE AWARD PACKAGE
Low Parental Contribution
High Parental Contribution
$21,214 cost
-$
0 parent/student contribution
$21,214 need
$21,214
- $10,500
$10,714
AID AWARDED
$5,550 Pell Grant
$2,950 Purple Promise Grant
$4,400 Work Study
$5,500 Student Loan
$2,814 Parent Loan______
$21,214 Total Aid Package
cost
parent/student contribution
need
AID AWARDED
$4,400
Work Study
$5,500
Student Loan
$11,314___Parent Loan ____
$21,214
Total Aid Package
Office of Student Financial Assistance
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Putting the Pieces Together
Tuition Rate Calculator
http://www.sfasu.edu/controller/businessoffice/students/tuiti
on_calc.asp
Residence Halls and Meal Plans
http://www.sfasu.edu/reslife/102.asp
SFA Award Letter (available in Spring)
https://mysfa-prod.sfasu.edu/cp/home/displaylogin
Fixed Rate Tuition Plan
http://www.sfasu.edu/policies/fixed-rate-tuition-plan.pdf
Office of Student Financial Assistance
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Financial Aid Process
Submit FAFSA/TASFA
Financial Aid Officer determines eligibility once
application is received and verification is complete
Financial Aid Awards are packaged and notification
is sent to the student via mySFA.
Terms and Conditions must be accepted, and
awards can then be reviewed and accepted.
Financial Aid is disbursed to the bill, which includes
housing, meal plan, and tuition and fees.
Office of Student Financial Assistance
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TIPS FOR MAKING APPLICATION
 Do your taxes as early as possible each year.
 Apply on-line, and use data retrieval for your tax
information.
 Respond promptly to any request for information
from the Financial Aid office.
 Plan ahead; work out a budget.
 Don’t wait until the last minute.
 If you’re lost or confused, make an appointment
with a counselor or call us.
Office of Student Financial Assistance
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PRIORITY DATES FOR
MAKING APPLICATION
February 1, 2015 – Scholarship Application
March 1, 2015 - Summer 2015 enrollment
March 15, 2015 - 2015-2016 academic year
Office of Student Financial Assistance
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For Your Convenience
Applications, forms and financial aid
awards are available on the web.
All correspondence are made through
the student’s SFA issued email account.
Office of Student Financial Assistance
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Financial Aid Officers
Necole Beason
A–D
LaShanda Parkhurst
F–J
Tammy Mitchum
E, K – N
Sara Williams
O–S
Donna Story
T–Z
Office of Student Financial Assistance
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OFFICE OF STUDENT
FINANCIAL ASSISTANCE
1st Floor, Austin
Building Room 104
Phone: 936-468-2403
www.sfasu.edu/faid
FAFSA on the Web
www.fafsa.ed.gov
Office of Student Financial Assistance
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