To assist students in paying for college.

To provide opportunity and access to higher education.

To help “bridge” the gap between what the family can pay and the cost of education.

2

Personal Identification Number If you have one from Undergraduate

School, you use that one Electronic signature for FAFSA on the

Web PIN delivered immediately Can also be used for:

Renewal on the Web Corrections on the Web National Student Loan Database Signing promissory notes for student

loans (Perkins, Stafford, PLUS)

3

Apply Renewal Access PIN Web

site Check status of

application View SAR

information Make corrections IRS Data

Retrieval

The EFC is an index of need that will be used to determine the type of federal student aid for which you qualify.

Expected Family Contribution (EFC)Expected Family Contribution (EFC)

• Income• Assets• Family size• Number in College• Age of the student

Adjustments to EFC may be made due to Verification and/or Special Circumstances that limit ability to

pay

Tuition and Fees

Room and

Board

Books and

Supplies

Transportation

Personal

Expenses

Loan Fees

Dependent Care

Study AbroadDisability Related

ExpensesComputer

• Results are sent electronically to UW-Milwaukee.

• Students will receive the results of their FAFSA by e-mail (or regular mail) - Student Aid Report (SAR).

• Students may be required to verify the information submitted on the FAFSA (submit tax forms).

• Contact UWM with any Special Circumstances.

• After the student is admitted to a college, a financial aid package will be prepared.

• Must enroll for a minimum of 4 credits each semester.

Annual Loan Limits for Students Graduate students are eligible for a total of $20,500 in

unsubsidized loans Graduate students may borrow up to $138,500

Unsubsidized Unsubsidized: need is not a consideration; interest paid by

student while in college (interest payment can be deferred)

We award on the assumption of full-time attendance 8 or more graduate credits

Students can still receive aid at as low as half-time (4 Graduate credits), but they need to update us about their planned credit level

Aid will not disburse if credit level does not match This protects students from over-awarding and under-

awarding

Required of all first time borrowers of Direct/Stafford Loan Program

Both completed online at www.studentloans.gov

Sign in with your 4-digit PIN Complete both Entrance

Counseling and Master Promissory Note

Scholarships Fellowships Assistantships

All three may affect your Financial Aid Award and must be reported to the Financial Aid Office

Grad PLUS Loan

Must Apply for separately

Based on Credit Interest 6.41% Similar to

Unsubsidized loan Can Consolidate

with other Stafford loans

Please contact the Financial Aid Department if you are contemplating withdrawal of one course or all courses

Sometimes there is a negative impact on Financial Aid and students want to weigh their options

You can contact us at: Department of Financial Aid, Student Employment, and Military Education BenefitsEmail: FINAID@uwm.eduPhone: 1-414-229-4541www4.uwm.edu/financialaidMellencamp Hall, Room 162