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Office of Financial Aid
1
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).
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.
FAFSA on the Web
www.fafsa.ed.gov
4
School Code
Bill Gatton’s College of Pharmacy
Federal School Code is:
E01254
5
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
Professional Aid
• Federal Direct Subsidized
$8,500 per year
(6.8% interest on new loans)
• Federal Direct Unsubsidized
$24,500 per year
(6.8% interest on new loans)
• Federal Direct Grad-Plus
Optional*
(7.9 % interest on new loans)
*Educational Budget minus all
other aid.
7
Institutional Scholarships
• 12 scholarships available to pharmacy
students.
• Online application & general selection
criteria posted on the web @
www.etsu.edu/pharmacy/finaid.
• Deadline May 12th
8
Tennessee Education Lottery
Scholarship Program
• Complete the FAFSA
• Be a TN resident one year prior to
application deadline (Sept. 1 for Fall or
Feb. 1 for Spring)
• Enroll in a TN college or university
within 16 months following graduation
from a TN high school
• Current G.P.A of 3.0 or higher
• Expires 5 years from initial date of
enrollment at any postsecondary
institution or upon attainment of a
bachelor’s degree 9
P1 Cost of Attendance
10
Tuition and Fees
Tuition 27,438$
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$
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
www.studentloans.gov
• Complete Master Promissory Note (MPN)
with the Department of Education
• Complete Entrance Counseling
12
Contact Information
13
Angel Kincer
Assistant Director
kincera@etsu.edu
Becky Bennett
Financial Aid Assistant
bennettrd@etsu.edu
423-439-6238
Building 7
Room 216
14
Questions ?
Thank you for your
participation !

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Financial Aid Process

  • 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.
  • 4. FAFSA on the Web www.fafsa.ed.gov 4
  • 5. School Code Bill Gatton’s College of Pharmacy Federal School Code is: E01254 5
  • 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
  • 12. www.studentloans.gov • Complete Master Promissory Note (MPN) with the Department of Education • Complete Entrance Counseling 12
  • 13. Contact Information 13 Angel Kincer Assistant Director kincera@etsu.edu Becky Bennett Financial Aid Assistant bennettrd@etsu.edu 423-439-6238 Building 7 Room 216
  • 14. 14 Questions ? Thank you for your participation !