2. Applying for Financial Aid
FAFSA (The Free Application for Federal
Student Aid) – the primary application for
the majority of financial assistance.
2
• determines eligibility using a federally
mandated formula to determine the expected
family contribution (EFC).
3. EFC - the amount that students and
parents, based on the federal
governments methodology, should be
able to contribute toward institutional
costs over the course of an academic
year.
3
• the same EFC is used by all
schools, public and private, to
determine eligibility for federal
assistance.
6. Financial Aid Classification
Undergraduate -less than 72 undergraduate
credit hours earned prior to beginning
classes in the PharmD program.
Professional -72 undergraduate credit hours or
more earned prior to beginning classes in
the PharmD program.
6
7. Professional Aid
• Federal Direct Subsidized
$8,500 per year
(6.8% interest on new loans)
• Federal Direct Unsubsidized
$24,500 per year
(6.8% interest on new loans)
• Federal Direct Grad-Plus
Optional*
(7.9 % interest on new loans)
*Educational Budget minus all
other aid.
7
8. Institutional Scholarships
• 12 scholarships available to pharmacy
students.
• Online application & general selection
criteria posted on the web @
www.etsu.edu/pharmacy/finaid.
• Deadline May 12th
8
9. Tennessee Education Lottery
Scholarship Program
• Complete the FAFSA
• Be a TN resident one year prior to
application deadline (Sept. 1 for Fall or
Feb. 1 for Spring)
• Enroll in a TN college or university
within 16 months following graduation
from a TN high school
• Current G.P.A of 3.0 or higher
• Expires 5 years from initial date of
enrollment at any postsecondary
institution or upon attainment of a
bachelor’s degree 9
10. P1 Cost of Attendance
10
Tuition and Fees
Tuition 27,438$
Student Fees 929$
Health Insurance 1,282$
Liability 16$
Total Tuition and Fees 29,665$
Indirect Costs
Books and Supplies 2,050$
Transportation 3,519$
Miscellaneous 2,018$
Total Indirect Cost 7,587$
Room and Board
Housing 4,680$
Living Expenses 4,140$
Total Room and Board 8,820$
Est. Federal Loan Fees 820$
Total Base Budget 46,892$
11. How Much Can I Borrow?
11
(Total Annual P1 Base Budget $46,892)
• Direct Subsidized $ 8,500
• Direct Unsubsidized $24,500
• Direct Grad Plus $13,892