2014-2015 Welcome to Cal State East Bay! Financing Your Education Plan ahead for Quarterly Cost of Attendance Registration fees Housing /Meals Books Transportation Personal $2188* $4082 (ON CAMPUS estimate) $ 500 (estimate) $ 394 (estimate) $ 446 (estimate) $7,610 *estimated fees for CA resident undergraduates www.fafsa.gov Monitor & Manage Your Cal Grant Report Graduation Date, Change School, Update Personal Information https://mygrantinfo.csac.ca.gov The basics of financial aid Grants are money you don’t have to pay back and are typically based on financial need. Scholarships are also free money for college and are based on your area of study or on merit, such as good grades, special talents or community service. Work-study or student employment programs let you earn money for college in a job on or off campus. Loans are borrowed money that you must repay with interest. If you do need to borrow, there are federal loans that offer low interest rates and other benefits. New Financial Aid applicants will receive: Shopping Sheet in MyCSUEB, View Financial Aid, Aid Year 2015 Example of Budgeting Cost of Attendance per year $22,830 Estimated Financial Aid $12,675 (based on FAFSA data) How to pay for Net Costs Options: 1. Federal Work Study 2. Student Loans 3. Parent PLUS Loan $10,155 $2,400 $5,500 $2,255 $0 PLUS Loan for Parents After July 1, 2014 parents receive email instructions 1. Parent logs on Federal Student Loans https://StudentLoans.gov with FAFSA PIN 2. Apply for the PLUS Loan & sign a PLUS Master Promissory Note The Financial Aid Office will set Parent PLUS Loan to ACCEPTED status when Financial Aid Award is ready to accept and Federal Student Aid notifies us that loan was approved/promissory note signed. New Financial Aid applicants should receive: ESTIMATED AWARD by US MAIL & in MyCSUEB, View Financial Aid, Aid Year 2015 Check your MyCSUEB TO DO list form status X X X Submit all required 14/15 Financial Aid forms. After ALL 14/15 Financial Aid documents drop off your To Do list, your file is ready to display a nonestimated award. DUE DATE is not deadline/does not function = day after we listed form fyi Document Priority Deadlines priority deadlines apply Entering Quarter Summer 2014 Fall 2014 Winter 2015 Spring 2015 Document Deadline May 21, 2014 Jul. 9, 2014 Nov. 12, 2014 Feb. 25, 2015 Failure to meet the deadlines: •Subject to course drop •May not be receive Financial Aid Housing Payment Plan or Book Voucher •Disbursement delayed