| Federal Work Study (FWS) | Types of Financial Aid | All About Loans | Office of Financial Aid | Acronyms |
|---|---|---|---|---|
|
What is the current FWS pay rate?
$16/hour
|
What is loans?
Borrowed money, that must be repaid
|
What is the current interest rate on the Unsubsidized and Graduate Plus loans?
6.08% and 7.08%
|
Who is Seboris Finney?
Financial Aid Counselor
|
What is Federal Work Study?
FWS
|
|
What is the maximum amount of hours a student can work?
20 per week
|
What is Grants/Scholarships?
Financial Aid that does not have to be repaid
|
What is an origination fee?
Currently 1.062 % for Unsubsidized loans 4.248% for Graduate Plus loans.
Fee charged by the lender to help offset the cost of processing the loan, that comes off the top of the loan.
|
What is the location of the Office of Financial Aid?
Student Affairs Suite
|
What is Free Application for Federal Student Aid?
FAFSA
|
|
What is payday?
Every other Friday
|
What is work study?
Work program through which you earn money to help pay for school and offset borrowing
|
What is the annual loan limit for the Unsubsidized loan for Graduate Students?
$42,722 for 1st and 2nd year DO students $20,500 for all other Graduate Programs
$20,500 or $42,722
|
What does the Office of Financial Aid do?
Process Financial Aid awards, loan increases/decreases, advising
|
What is Cost of Attendance?
COA
|
|
What is the number of jobs a student can hold simultaneously?
2 jobs
|
What is private/alternative loan?
Credit based loan with private financial institution or bank
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What is unpaid interest that's added to your student loan?
Capitalized Interest
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Who is the Director of Financial Aid?
Christina Twelves
|
What is Expected Family Contribution?
EFC
|
|
What is the number of hours a student can work before taking a break?
7.5 hours
|
What are TUN Scholarships?
Opportunities made available thanks to the generosity of private donors in the community, on campus, and TUN Alumni
|
What is formula to calculate daily accrued interest?
Interest rate x current principal balance รท number of days in the year
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What is the difference between the Office of Financial Aid and the Bursar?
One processes the Financial Aid for disbursement the other processes all payments and the Financial Aid refunds
|
What is Student Aid Report?
SAR
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