YOUR FINANCIAL AID
NEXT STEPS
FREE APPLICATION
FOR FEDERAL STUDENT AID (FAFSA)
 Need FSA ID
 Apply online
 Apply each year
www.FAFSA.gov
STUDENT AID
REPORT (SAR)
 Emailed to student
 Provides FAFSA info
summary and status
 Includes required
corrections
 Provides Expected
Family Contribution
(EFC)
What is the EFC?
 Calculated by the Department of Education
 Is an index number and not a dollar amount
 Determines if a student is eligible for federal
or state grants
 Does not affect ability to receive federal student
loan eligibility
FAFSA Status on
GFD FLYER
FAFSA NOT ON FILE
 Have not completed FAFSA
 Completed within the last week
FAFSA REJECTED
 Missing required information



Signatures
Parent Information
Income Information
FAFSA ON FILE

Possibly selected for Verification
VERIFICATION
PROCESS & REQUIREMENTS
 Ensures accuracy
 Not an optional process
 Students will be notified
by email and letter
 Submit information to
Student Financial Aid
Office
 Use IRS Data
Retrieval Tool
reduces chances of
being selected
REQUIREMENTS & STATUS
CAN BE VIEWED ON FLASHLINE
Review Next Steps
Checklist
Found on the
New @ KSU
Tab in FlashLine
Notifies student of
important tasks to be
completed
PARENT & FAMILY ACCESS
 KSUview Designee
 Allows designee to see selected
items in FlashLine
 FERPA Release Form Designee
 Allows designee to call KSU regarding
students account
 Completed by student in FlashLine
 Under Student Tools tab
AWARDING PROCESS
1. FAFSA submitted to
Department of Education
2. Student and Kent State
receive SAR
3. Kent State determines
financial aid awards
4. Initial award letter mailed in
March
FINANCIAL AID AWARDS
CAN BE VIEWED ON
FLASHLINE
REVIEW
WITH YOUR
STUDENT
DETAILS OF
AWARD LETTER
LOG IN TO
FLASHLINE
1
2
MAKE AWARD DECISIONS
ON FLASHLINE
3
4
ACCEPTING FEDERAL LOANS
• Maximum amount $5500/year
for freshmen
• Interest rate is 4.29%
• Subsidized (interest free)
• Unsubsidized
• Go to www.StudentLoans.gov
1. Sign in using FSA ID
2. Complete Entrance Counseling
3. Sign Master Promissory Note (MPN)
DETERMINE
YOUR COST OF ATTENDANCE
DETERMINE
YOUR COST OF ATTENDANCE
Amounts are per Semester and based on 2015-2016
academic year
DETERMINE
YOUR COST OF ATTENDANCE
Room rates range
$3,168-$5,026
•
•
•
•
Standard Single: $3,556
Standard Double: $ 3,232
Two-Person Semi-Suite
w/ Shared Bath $4,154
Deluxe Single
w/ Private Bath $5,026
Meal Plan rates range
$1,780-$2,675
•
•
•
•
Move-In date: August 25
Amounts are per Semester and based on 2015-2016
academic year
Lite: $1,780
Basic: $1,935
Premier: $2,275
Premier Plus: $2,675
DETERMINE
YOUR COST OF ATTENDANCE
10,012 or 18,212
5,730
6,464
2,496
3,870
5,444 (net)
1,000
20,346
14,670
20,346
20,346
14,670
5,676
2,838
WORKSHEET
IS FOUND INSIDE YOUR AWARD LETTER GUIDE
THE COLLEGE COST
2,838
DETERMINE
YOUR COST OF ATTENDANCE
FEDERAL DIRECT
PLUS LOAN (parents only)

Complete FAFSA & online
PLUS Application

Contingent upon credit
decision



Master Promissory Note
required
CREDIT DENIAL OPTIONS

Appeal decision

Obtain endorser

Student can borrow
additional unsubsidized
6.84% interest rate (fixed)
Deferment options available;
interest accrues
www.StudentLoans.gov
KSU Scholarship
Search Qualifier
 Search for
departmental
scholarships
 External scholarship
opportunities
available
www.kent.edu/financialaid/scholarships
EXTERNAL
SCHOLARSHIPS
 School Counselor
 Business and industry
 Faith based organizations
 Parents’ employment
ALTERNATIVE LOAN
PROGRAMS
 Supplements funding
for unmet need
 KSU certifies any
private educational
loan application
www.kent.edu/financialaid/FastChoice
BURSAR’S OFFICE
Billing Office
 Online payments
 Installment plans
 Educational
savings plans (529)
www.kent.edu/bursar
BURSAR’S OFFICE
Billing Office
Online Payments
Students can sign
parents or family
members up as an
Authorized User to
receive e-bill.
https://payonline.kent.edu
SPECIAL CIRCUMSTANCES
Circumstances that impact a students financial aid situation

Loss of income
 Layoff or termination
 Loss of child support
 Divorce/separation
 Must complete FAFSA on the Web
 Complete Special Circumstance application
available April 1st
www.kent.edu/financialaid/forms
SUMMER CLASSES
& FINANCIAL AID
 Complete 2016-2017 FAFSA on the
Web
 Contact Admissions to update start
term
 Must be registered for summer classes
 Aid used will be subtracted from Fall &
Spring semesters
MUST REQUEST SUMMER AID ONLINE
www.kent.edu/financialaid/summer
FAFSA
2017-2018

File as early as October 1, 2016

Use 2015 income information


Will not need to estimate – use IRS Data Retrieval
Tool
Allows more time to explore financial aid options
www.Studentaid.gov
STUDENT
FINANCIAL AID
OFFICE
CAMPUS LOCATION
103 SCHWARTZ CENTER
PHONE
330-672-2972
WEB
www.kent.edu/FinancialAid