- What you need to do to keep financial aid - What if you need more financial aid - How to apply for financial aid

1. Graduate Financial Aid at UNH
for Currently Enrolled Students
- What you need to do to keep financial aid
- What if you need more financial aid
- How to apply for financial aid

2. How to keep Financial Aid
• Students must complete the FAFSA each
year by March 1 for the following Fall term
• Complete at: www.fafsa.gov
• View Financial Aid information online to
see: - Documents Required
- Award Information

3. Financial Aid Online
• To view Financial Aid online select:

4. Online Financial Aid
• All E-Mails sent to UNH E-Mail Address
from ALL offices
• Notices of Bills are sent to UNH E-Mail
Address – Must view bill online
• Subtract Financial Aid from Bill to see if
owe money – Financial Aid offered may
NOT cover entire bill

5. Enrollment
• Must be enrolled in at least a half-time status
(minimum of 5 credits per trimester)
• At the beginning of each trimester, the Financial
Aid Office will verify your enrollment before any
financial aid is disbursed to your Bursar Account

6. Enrollment
• In order for your financial aid to be
disbursed to your Bursar Account, you
must be enrolled in at least the number of
credit hours on which your financial aid
award was based.
– The number of credit hours is stated within
your Financial Aid Award.

7. Disbursement to Bursar’s Account
• When enrolled in the appropriate number of
credits, your financial aid will be credited toward
your tuition and fee charges on your Bursar
Account
• If your financial aid is less than your charges you
will owe a balance with the Bursar’s Office
• If your financial aid is more than your charges,
you may have “over paid” your account and the
Bursar’s Office will process a refund check for
you if applicable

8. Financial aid for the next year:
Satisfactory Academic Progress
• You must meet the Satisfactory Academic Progress
requirements of the school to continue to receive
financial aid each year
• You must achieve a certain number of credits each year
and achieve a certain number of credits over a period of
time, called “PACE”, and obtain a certain Cumulative
Quality Point Ratio (CQPR) each year.
• Your academic progress will be reviewed each
year at the end of the Spring Trimester (July)

9. Satisfactory Academic Progress
• “PACE” = You must complete the
requirements of your program within 5
years of the date of completion of the first
course following formal application to the
degree program

10. Satisfactory Academic Progress
• You must successfully complete all of the
credits on which your award was based
• Successful completion = a passing grade
(A to D-)
– Your Financial Aid Award indicates the
number of credits for which you were awarded

11. Satisfactory Academic Progress
• Receiving a grade of “INC”, “F”, “W”, “U”,
“DNA” is NOT successful completion of a
course

12. Satisfactory Academic Progress
• You must also maintain a 3.0 Cumulative
Quality Point Ratio (CQPR) – Reviewed at
the end of each Spring Trimester

13. Satisfactory Academic Progress
• If you don’t meet requirements you will
receive a letter from Financial Aid Office
• Students may appeal for extenuating
circumstances, for example: documented
medical issues, death/illness of family
member
– Meet date of appeal process (date will be in letter)
– Provide supporting documentation

14. Satisfactory Academic Progress
• Financial Aid appeal is separate from
other offices – if appealing with other
offices:
• Be aware of which office has approved the appeal
• If Financial Aid appeal is approved:
• Read letter to be sure you understand the
requirements for aid for future terms

15. Satisfactory Academic Progress
• If you don’t have reason to appeal or if
your appeal was denied, you are not
eligible to receive financial aid for future
terms

16. Satisfactory Academic Progress
• You can regain eligibility in a subsequent
term if you successfully earn the
appropriate number of credits and obtain
the 3.0 Cumulative QPR
• Once the term is completed, contact the
Financial Aid Office and ask that your
academic transcript be reviewed for
eligibility for subsequent terms

17. Satisfactory Academic Progress
• Option for students not meeting Satisfactory
Academic Progress
• Some of the Private Alternative Loans
» Credit-based educational loan from private lender
» Student is the borrower
» May possibly need a co-signer
» May have either fixed or variable interest rate,
different repayment terms, may require immediate
repayment or payment of interest
» Can borrow up to Cost of Attendance
• Note: Some Private Alternative Loans do require students meet SAP requirements

18. Have not yet Applied for
Financial Aid?
• Financial Aid is money to assist students with
paying their expenses for school
• The primary financial aid source is:
– Federal Loans
• Have to repay loans
• Repayment begins 6 months after you
graduate or cease half-time enrollment
(enrolled less than 5 credits in a trimester)

19. How to Apply for Financial Aid
• File the Free Application for Federal Student Aid –
FAFSA
• Go to www.fafsa.gov
• For Fall 2012, Winter 2013 and Spring 2013
Trimesters, file the 2012-2013 FAFSA
• The UNH School Code is 001397

20. The FAFSA
• Graduate students are “independent” –
only need your financial information (not
parents)
• Use 2011 financial information to
complete 2012-2013 FAFSA

21. The Process
• Your processed FAFSA is reviewed by the
Financial Aid Office
• Our Office may request documentation
– You can review your Student Aid Report
(SAR) at www.fafsa.gov for information
• A Financial Aid Award is determined

22. The Process
• You decide what part of the Award you want to
Accept/Decline
• Financial Aid Office processes the aid and
requests the disbursement to credit to your
Bursar’s bill after verifying your enrollment each
term

23. Federal Direct Student Loans
• $20,500 maximum per academic year
• Federal Direct Unsubsidized Student Loan
(interest accrues from the time the loan
disburses)
– Interest billed quarterly
• You decide if you want to make interest
payments or defer paying until you begin
repaying your loan. Interest will capitalize
causing loan amount to repay to become larger

24. Federal Direct Student Loans
• Fixed Interest rate - 6.8%
• Is NOT a credit based loan
• Cannot be in default or owe a refund on another
student loan
• Does not go into repayment until 6 months after
you graduate (or cease to enroll at least half-
time, which is 5 credits each trimester)

25. To Be Eligible for Federal Direct
Loans
• Fully admitted and matriculated into a degree or
approved certificate program
• Must be enrolled in a half-time status or more
(minimum of 5 credits each trimester)
• Must continue to make Satisfactory Academic
Progress (combination of a 3.0 & credits earned)

26. Need Additional Assistance?
– You can borrow additional funds through the
Federal Graduate PLUS Loan program. May
want to consider if:
• Your award does not cover charges on your bill
• If you determine you need additional assistance for
living expenses
– borrowing money in excess of your charges will cause an
“over payment” and produce a refund that you can use
toward living expenses

27. Federal Graduate PLUS Loan
• Financial Aid Office determines Cost of
Attendance (COA) - Includes tuition, estimated
book costs & independent living allowance based
on this area
• Can have financial aid up to the COA
• COA minus financial aid (including student loans)
= Amount of Federal Graduate PLUS Loan

28. Federal Graduate PLUS Loan
• Federal student loan program provided for
graduate students
• Fixed interest rate of 7.90%
• Can be deferred while in school
• Credit -based loan – Credit history is checked for
adverse credit
• You must apply online – www.studentloans.gov
• May need an Endorser (co-signer)

29. Need to Know
1.Graduate Students must remain enrolled at least
2.Your award letter indicates the number of credits

30. Need to Know
3. Your financial aid is placed on “hold” each
trimester until the Financial Aid Office verifies
you’re enrolled in the number of credits for
which you were awarded aid
4. If your financial aid causes an “over payment”
on your Bursar account, UNH will process a
refund. UNH has 14 Business days to process
a refund once your aid disburses to your bill

31. Need to Know
5. You must have your eligibility determined for
Federal Direct Student Loans before you can
be considered for the Federal Graduate PLUS
Loan
6. You must reapply for financial aid every
academic year – New FAFSA available
January 1 each year

32. Financial Aid Office
• Office location: Maxcy Hall Room
118B
• OFFICE HOURS: M-F 8:30-4:30
• Phone (203) 932-7315 or
(800) DIAL-UNH ext. 7315
• Fax (203) 931-6050
• Email address:
financialaid@newhaven.edu
• Website- www.newhaven.edu
– Select Financial Aid from the
Quick Links Menu
– Select “Graduate”