102
Financia l Literacy Suite Loans Repaymen t Consolida tion Budgetin g Contact Informati on Defermen t
| Date post: | 13-Apr-2017 |
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Education |
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Financial Literacy Suite
Loans
Repayment
Consolidation
Budgeting
Contact Information
Deferment
What is Your Current Level of Loan Indebtedness
How do I Repay my Direct Loan
What are Income-Driven Repayment Plans
What if I Cannot Repay my Loan
What is Loan Consolidation
How Does my Cost of Attendance Impact by Borrowing
Contact Information
What is Your Current Level of
Loan Indebtedness
Goal
bull Students will be able to acquire their current level of federal loan indebtedness You will be able toAcquire your current federal loan indebtedness Identify your servicer (or servicers) of each of your loansAnnually monitor your borrowing by logging into
NSLDSedgovUse your total current loan debt to estimate payments
required when you go into loan repayment
Do you know how much you owe in federal loansbull Visit wwwnsldsedgov to log into your federal records
bull Click Financial Aid Review
Logging into NSLDSbull The next screen requests that you accept or decline the
privacy notice Choose accept to proceed to the login screen
Logging into NSLDS (cont)bull You can now log in with your FSA ID
bull Choose the Log In tab if you have your FSA IDbull If you do not have an FSA ID create one
Logging into NSLDS (cont)bull Click on the blue to drill down and see the detail of
each loan ORbull Click MyStudentData download for a text file output
Drill Down Data Example
Time to Breathe
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Direct Loan Repayment Plans
Goal
bull Students will be aware of the federal loan repayment options You will be able to
Locate federal repayment optionsIdentify the different repayment optionsDiscriminate between all of the repayment
optionsCompare the variables of each of the plansEvaluate the programs
You know what you owe what do you do nowbull Go to the Department of Education at httpsstudentaidedgovbull Choose ldquoHow to Repay Your Loansrdquo
Studentaidedgov
bull Tons of information at your finger tips
Studentaidedgov (cont)
bull Click on the ldquoFinding the Right Repayment Planrdquo option
Studentaidedgov (cont)bull Click the link on the
site to view all plansbull Click on the income-
driven link to view those plans
bull Choose Estimate Your Payments to use the calculator
Letrsquos Estimate Your Paymentbull The estimator will redirect you to studentloansgovbull You can log in with your FSA ID to use real data or
proceed and plug in your own numbers
Repayment Estimatorbull To proceed without logging inhellipbull Click the + sign to add loans or use average balances
Repayment Estimator (cont)
bull Add all of your loans First click on the black down arrow to choose type of loan
Repayment Estimator (cont)bull Choose the type and then enter the balance and interest
rate for that loan Click Add It will look like this
Repayment Estimator (cont)
bull Next use the black down arrow to choose your tax filing status Single is the default
Repayment Estimator (cont)bull Final steps input your AGI family size and statebull Click calculate results
Repayment Estimator -The results
Additional Repayment Estimator Results
$100000 Unsubsidized loan total at 55 interest rate
What ARE the plans
Important Notes
bull The estimator is just that an ESTIMATE of what your payments might be
bull You should contact your servicer to discuss your actual account
bull Repayment plans are determined by federal regulation therefore they can change What is available today may not be available when you graduate
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Standard Repaymentbull The default planbull Fixed payment amountbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay the least amount of interest over the life of the loan with
this planbull Graduated Repayment
bull Payments start lower and then increase usually every 2 yearsbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay more interest than with the Standard Plan
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Extended Repaymentbull Payments may be fixed or graduatedbull Up to 25 years to repay the loan bull For Direct Loan borrowers must owe more than $30000 to qualifybull Payments will be lower than with Standard or Graduated but you will
pay more interest over the life of the loanbull Income-Driven Repayment Plans
bull Currently 4 different plansbull Up to 20 or 25 years to repay the loan bull All borrowers are NOT eligiblebull Payments may be lower but you will pay more interest than with the
Standard Plan
Income-Driven Plansbull The Department of Education uses a percentage of your
discretionary income to determine repayment amounts
bull What IS discretionary income (per the Department of Ed)bull For Income-Based Repayment Pay As You Earn and loan rehabilitation
discretionary income is the difference between your income and 150 percent of the poverty guideline for your family size and state of residence
bull For Income-Contingent Repayment discretionary income is the difference between your income and 100 percent of the poverty guideline for your family size and state of residence
bull The poverty guidelines are maintained by the US Department of Health and Human Services and are available at wwwaspehhsgovpoverty
bull Income Driven Repayment Plans QampA
Discretionary Income Examplebull For a family of 2 150 of
the poverty guideline would be $16020 x 15 = $24030
bull If you make $45000 a year your discretionary income would be
bull 45000 ndash 24030 = $20970bull Your payment would be
roughly bull 20970 x 10 (10) =
$2097bull $2097 12 = $17475
Income-Driven Plans
bull Revised Pay As You Earn (REPAYE)bull Payments will be 10 of discretionary income Based on income
and family sizebull Payments recalculated each yearbull Payments may be higher than with the Standard Planbull If married spouse income and loans will be consideredbull Remaining balance after 20 (UNDG) or 25 (GRAD) years will be
forgiven (this may be TAXED)bull Interest benefit ndash If your determined payment does not cover the
interest amount that you are being charged each month the government will pay frac12 of the difference on Unsubsidized Loans
Income-Driven Plans (cont)
bull Pay As You Earn (PAYE)bull Payments will be 10 of discretionary income Based on income and
family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Remaining balance after 20 years will be forgiven (this may be
TAXED)bull MUST be a new borrower after Oct 1 2007 AND must have received
a Direct Loan disbursement on or after Oct 1 2011bull Must have high debt to income ratiobull Monthly payment will NEVER be more than the Standard Plan
Income-Driven Plans (cont)
bull Income-Based Repayment (IBR)bull Payments will be 10 for new borrowers (no outstanding Direct
Loan balance prior to July 1 2014)bull Payments will be 15 for those who are not new borrowersbull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered bull Borrower must have high debt to income ratiobull Monthly payment will NEVER be more than the standard planbull Remaining balance after 20 or 25 years will be forgiven (this may be
TAXED)
Income-Driven Plans (cont)bull Income-Contingent Repayment (ICR)
bull Payments will be 20 of discretionary income OR the amount you would pay on a repayment plan with a fixed payment over 12 years adjusted to your income (whichever is less)
bull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Any borrower with qualifying loan types is eligiblebull Monthly payment may be more than the standard planbull Remaining balance after 25 years will be forgiven (this may be
TAXED)
The Repayment Plans
bull Click here for a link to all of the repayment plans
bull Scroll down to see the ldquoOverview of Direct Loan and FFEL Repayment Plansrdquo
The Repayment Plans
bull Sample chart from Department of Education Income-Driven Repayment Plans for Federal Student Loans Handout
Income-Driven Plans
Rememberhellipbull Make sure your contact information is up to date with
your servicers and the Department of Educationbull Annually review the data for accuracybull Upon graduation contact your servicer to sign up for
the best plan for youbull If at ANY time you are having trouble making a
payment contact your servicer immediately Non-payments even for very valid reasons will impact your credit score and your current options for repayment
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
What is Your Current Level of Loan Indebtedness
How do I Repay my Direct Loan
What are Income-Driven Repayment Plans
What if I Cannot Repay my Loan
What is Loan Consolidation
How Does my Cost of Attendance Impact by Borrowing
Contact Information
What is Your Current Level of
Loan Indebtedness
Goal
bull Students will be able to acquire their current level of federal loan indebtedness You will be able toAcquire your current federal loan indebtedness Identify your servicer (or servicers) of each of your loansAnnually monitor your borrowing by logging into
NSLDSedgovUse your total current loan debt to estimate payments
required when you go into loan repayment
Do you know how much you owe in federal loansbull Visit wwwnsldsedgov to log into your federal records
bull Click Financial Aid Review
Logging into NSLDSbull The next screen requests that you accept or decline the
privacy notice Choose accept to proceed to the login screen
Logging into NSLDS (cont)bull You can now log in with your FSA ID
bull Choose the Log In tab if you have your FSA IDbull If you do not have an FSA ID create one
Logging into NSLDS (cont)bull Click on the blue to drill down and see the detail of
each loan ORbull Click MyStudentData download for a text file output
Drill Down Data Example
Time to Breathe
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Direct Loan Repayment Plans
Goal
bull Students will be aware of the federal loan repayment options You will be able to
Locate federal repayment optionsIdentify the different repayment optionsDiscriminate between all of the repayment
optionsCompare the variables of each of the plansEvaluate the programs
You know what you owe what do you do nowbull Go to the Department of Education at httpsstudentaidedgovbull Choose ldquoHow to Repay Your Loansrdquo
Studentaidedgov
bull Tons of information at your finger tips
Studentaidedgov (cont)
bull Click on the ldquoFinding the Right Repayment Planrdquo option
Studentaidedgov (cont)bull Click the link on the
site to view all plansbull Click on the income-
driven link to view those plans
bull Choose Estimate Your Payments to use the calculator
Letrsquos Estimate Your Paymentbull The estimator will redirect you to studentloansgovbull You can log in with your FSA ID to use real data or
proceed and plug in your own numbers
Repayment Estimatorbull To proceed without logging inhellipbull Click the + sign to add loans or use average balances
Repayment Estimator (cont)
bull Add all of your loans First click on the black down arrow to choose type of loan
Repayment Estimator (cont)bull Choose the type and then enter the balance and interest
rate for that loan Click Add It will look like this
Repayment Estimator (cont)
bull Next use the black down arrow to choose your tax filing status Single is the default
Repayment Estimator (cont)bull Final steps input your AGI family size and statebull Click calculate results
Repayment Estimator -The results
Additional Repayment Estimator Results
$100000 Unsubsidized loan total at 55 interest rate
What ARE the plans
Important Notes
bull The estimator is just that an ESTIMATE of what your payments might be
bull You should contact your servicer to discuss your actual account
bull Repayment plans are determined by federal regulation therefore they can change What is available today may not be available when you graduate
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Standard Repaymentbull The default planbull Fixed payment amountbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay the least amount of interest over the life of the loan with
this planbull Graduated Repayment
bull Payments start lower and then increase usually every 2 yearsbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay more interest than with the Standard Plan
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Extended Repaymentbull Payments may be fixed or graduatedbull Up to 25 years to repay the loan bull For Direct Loan borrowers must owe more than $30000 to qualifybull Payments will be lower than with Standard or Graduated but you will
pay more interest over the life of the loanbull Income-Driven Repayment Plans
bull Currently 4 different plansbull Up to 20 or 25 years to repay the loan bull All borrowers are NOT eligiblebull Payments may be lower but you will pay more interest than with the
Standard Plan
Income-Driven Plansbull The Department of Education uses a percentage of your
discretionary income to determine repayment amounts
bull What IS discretionary income (per the Department of Ed)bull For Income-Based Repayment Pay As You Earn and loan rehabilitation
discretionary income is the difference between your income and 150 percent of the poverty guideline for your family size and state of residence
bull For Income-Contingent Repayment discretionary income is the difference between your income and 100 percent of the poverty guideline for your family size and state of residence
bull The poverty guidelines are maintained by the US Department of Health and Human Services and are available at wwwaspehhsgovpoverty
bull Income Driven Repayment Plans QampA
Discretionary Income Examplebull For a family of 2 150 of
the poverty guideline would be $16020 x 15 = $24030
bull If you make $45000 a year your discretionary income would be
bull 45000 ndash 24030 = $20970bull Your payment would be
roughly bull 20970 x 10 (10) =
$2097bull $2097 12 = $17475
Income-Driven Plans
bull Revised Pay As You Earn (REPAYE)bull Payments will be 10 of discretionary income Based on income
and family sizebull Payments recalculated each yearbull Payments may be higher than with the Standard Planbull If married spouse income and loans will be consideredbull Remaining balance after 20 (UNDG) or 25 (GRAD) years will be
forgiven (this may be TAXED)bull Interest benefit ndash If your determined payment does not cover the
interest amount that you are being charged each month the government will pay frac12 of the difference on Unsubsidized Loans
Income-Driven Plans (cont)
bull Pay As You Earn (PAYE)bull Payments will be 10 of discretionary income Based on income and
family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Remaining balance after 20 years will be forgiven (this may be
TAXED)bull MUST be a new borrower after Oct 1 2007 AND must have received
a Direct Loan disbursement on or after Oct 1 2011bull Must have high debt to income ratiobull Monthly payment will NEVER be more than the Standard Plan
Income-Driven Plans (cont)
bull Income-Based Repayment (IBR)bull Payments will be 10 for new borrowers (no outstanding Direct
Loan balance prior to July 1 2014)bull Payments will be 15 for those who are not new borrowersbull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered bull Borrower must have high debt to income ratiobull Monthly payment will NEVER be more than the standard planbull Remaining balance after 20 or 25 years will be forgiven (this may be
TAXED)
Income-Driven Plans (cont)bull Income-Contingent Repayment (ICR)
bull Payments will be 20 of discretionary income OR the amount you would pay on a repayment plan with a fixed payment over 12 years adjusted to your income (whichever is less)
bull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Any borrower with qualifying loan types is eligiblebull Monthly payment may be more than the standard planbull Remaining balance after 25 years will be forgiven (this may be
TAXED)
The Repayment Plans
bull Click here for a link to all of the repayment plans
bull Scroll down to see the ldquoOverview of Direct Loan and FFEL Repayment Plansrdquo
The Repayment Plans
bull Sample chart from Department of Education Income-Driven Repayment Plans for Federal Student Loans Handout
Income-Driven Plans
Rememberhellipbull Make sure your contact information is up to date with
your servicers and the Department of Educationbull Annually review the data for accuracybull Upon graduation contact your servicer to sign up for
the best plan for youbull If at ANY time you are having trouble making a
payment contact your servicer immediately Non-payments even for very valid reasons will impact your credit score and your current options for repayment
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
What is Your Current Level of
Loan Indebtedness
Goal
bull Students will be able to acquire their current level of federal loan indebtedness You will be able toAcquire your current federal loan indebtedness Identify your servicer (or servicers) of each of your loansAnnually monitor your borrowing by logging into
NSLDSedgovUse your total current loan debt to estimate payments
required when you go into loan repayment
Do you know how much you owe in federal loansbull Visit wwwnsldsedgov to log into your federal records
bull Click Financial Aid Review
Logging into NSLDSbull The next screen requests that you accept or decline the
privacy notice Choose accept to proceed to the login screen
Logging into NSLDS (cont)bull You can now log in with your FSA ID
bull Choose the Log In tab if you have your FSA IDbull If you do not have an FSA ID create one
Logging into NSLDS (cont)bull Click on the blue to drill down and see the detail of
each loan ORbull Click MyStudentData download for a text file output
Drill Down Data Example
Time to Breathe
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Direct Loan Repayment Plans
Goal
bull Students will be aware of the federal loan repayment options You will be able to
Locate federal repayment optionsIdentify the different repayment optionsDiscriminate between all of the repayment
optionsCompare the variables of each of the plansEvaluate the programs
You know what you owe what do you do nowbull Go to the Department of Education at httpsstudentaidedgovbull Choose ldquoHow to Repay Your Loansrdquo
Studentaidedgov
bull Tons of information at your finger tips
Studentaidedgov (cont)
bull Click on the ldquoFinding the Right Repayment Planrdquo option
Studentaidedgov (cont)bull Click the link on the
site to view all plansbull Click on the income-
driven link to view those plans
bull Choose Estimate Your Payments to use the calculator
Letrsquos Estimate Your Paymentbull The estimator will redirect you to studentloansgovbull You can log in with your FSA ID to use real data or
proceed and plug in your own numbers
Repayment Estimatorbull To proceed without logging inhellipbull Click the + sign to add loans or use average balances
Repayment Estimator (cont)
bull Add all of your loans First click on the black down arrow to choose type of loan
Repayment Estimator (cont)bull Choose the type and then enter the balance and interest
rate for that loan Click Add It will look like this
Repayment Estimator (cont)
bull Next use the black down arrow to choose your tax filing status Single is the default
Repayment Estimator (cont)bull Final steps input your AGI family size and statebull Click calculate results
Repayment Estimator -The results
Additional Repayment Estimator Results
$100000 Unsubsidized loan total at 55 interest rate
What ARE the plans
Important Notes
bull The estimator is just that an ESTIMATE of what your payments might be
bull You should contact your servicer to discuss your actual account
bull Repayment plans are determined by federal regulation therefore they can change What is available today may not be available when you graduate
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Standard Repaymentbull The default planbull Fixed payment amountbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay the least amount of interest over the life of the loan with
this planbull Graduated Repayment
bull Payments start lower and then increase usually every 2 yearsbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay more interest than with the Standard Plan
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Extended Repaymentbull Payments may be fixed or graduatedbull Up to 25 years to repay the loan bull For Direct Loan borrowers must owe more than $30000 to qualifybull Payments will be lower than with Standard or Graduated but you will
pay more interest over the life of the loanbull Income-Driven Repayment Plans
bull Currently 4 different plansbull Up to 20 or 25 years to repay the loan bull All borrowers are NOT eligiblebull Payments may be lower but you will pay more interest than with the
Standard Plan
Income-Driven Plansbull The Department of Education uses a percentage of your
discretionary income to determine repayment amounts
bull What IS discretionary income (per the Department of Ed)bull For Income-Based Repayment Pay As You Earn and loan rehabilitation
discretionary income is the difference between your income and 150 percent of the poverty guideline for your family size and state of residence
bull For Income-Contingent Repayment discretionary income is the difference between your income and 100 percent of the poverty guideline for your family size and state of residence
bull The poverty guidelines are maintained by the US Department of Health and Human Services and are available at wwwaspehhsgovpoverty
bull Income Driven Repayment Plans QampA
Discretionary Income Examplebull For a family of 2 150 of
the poverty guideline would be $16020 x 15 = $24030
bull If you make $45000 a year your discretionary income would be
bull 45000 ndash 24030 = $20970bull Your payment would be
roughly bull 20970 x 10 (10) =
$2097bull $2097 12 = $17475
Income-Driven Plans
bull Revised Pay As You Earn (REPAYE)bull Payments will be 10 of discretionary income Based on income
and family sizebull Payments recalculated each yearbull Payments may be higher than with the Standard Planbull If married spouse income and loans will be consideredbull Remaining balance after 20 (UNDG) or 25 (GRAD) years will be
forgiven (this may be TAXED)bull Interest benefit ndash If your determined payment does not cover the
interest amount that you are being charged each month the government will pay frac12 of the difference on Unsubsidized Loans
Income-Driven Plans (cont)
bull Pay As You Earn (PAYE)bull Payments will be 10 of discretionary income Based on income and
family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Remaining balance after 20 years will be forgiven (this may be
TAXED)bull MUST be a new borrower after Oct 1 2007 AND must have received
a Direct Loan disbursement on or after Oct 1 2011bull Must have high debt to income ratiobull Monthly payment will NEVER be more than the Standard Plan
Income-Driven Plans (cont)
bull Income-Based Repayment (IBR)bull Payments will be 10 for new borrowers (no outstanding Direct
Loan balance prior to July 1 2014)bull Payments will be 15 for those who are not new borrowersbull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered bull Borrower must have high debt to income ratiobull Monthly payment will NEVER be more than the standard planbull Remaining balance after 20 or 25 years will be forgiven (this may be
TAXED)
Income-Driven Plans (cont)bull Income-Contingent Repayment (ICR)
bull Payments will be 20 of discretionary income OR the amount you would pay on a repayment plan with a fixed payment over 12 years adjusted to your income (whichever is less)
bull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Any borrower with qualifying loan types is eligiblebull Monthly payment may be more than the standard planbull Remaining balance after 25 years will be forgiven (this may be
TAXED)
The Repayment Plans
bull Click here for a link to all of the repayment plans
bull Scroll down to see the ldquoOverview of Direct Loan and FFEL Repayment Plansrdquo
The Repayment Plans
bull Sample chart from Department of Education Income-Driven Repayment Plans for Federal Student Loans Handout
Income-Driven Plans
Rememberhellipbull Make sure your contact information is up to date with
your servicers and the Department of Educationbull Annually review the data for accuracybull Upon graduation contact your servicer to sign up for
the best plan for youbull If at ANY time you are having trouble making a
payment contact your servicer immediately Non-payments even for very valid reasons will impact your credit score and your current options for repayment
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Goal
bull Students will be able to acquire their current level of federal loan indebtedness You will be able toAcquire your current federal loan indebtedness Identify your servicer (or servicers) of each of your loansAnnually monitor your borrowing by logging into
NSLDSedgovUse your total current loan debt to estimate payments
required when you go into loan repayment
Do you know how much you owe in federal loansbull Visit wwwnsldsedgov to log into your federal records
bull Click Financial Aid Review
Logging into NSLDSbull The next screen requests that you accept or decline the
privacy notice Choose accept to proceed to the login screen
Logging into NSLDS (cont)bull You can now log in with your FSA ID
bull Choose the Log In tab if you have your FSA IDbull If you do not have an FSA ID create one
Logging into NSLDS (cont)bull Click on the blue to drill down and see the detail of
each loan ORbull Click MyStudentData download for a text file output
Drill Down Data Example
Time to Breathe
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Direct Loan Repayment Plans
Goal
bull Students will be aware of the federal loan repayment options You will be able to
Locate federal repayment optionsIdentify the different repayment optionsDiscriminate between all of the repayment
optionsCompare the variables of each of the plansEvaluate the programs
You know what you owe what do you do nowbull Go to the Department of Education at httpsstudentaidedgovbull Choose ldquoHow to Repay Your Loansrdquo
Studentaidedgov
bull Tons of information at your finger tips
Studentaidedgov (cont)
bull Click on the ldquoFinding the Right Repayment Planrdquo option
Studentaidedgov (cont)bull Click the link on the
site to view all plansbull Click on the income-
driven link to view those plans
bull Choose Estimate Your Payments to use the calculator
Letrsquos Estimate Your Paymentbull The estimator will redirect you to studentloansgovbull You can log in with your FSA ID to use real data or
proceed and plug in your own numbers
Repayment Estimatorbull To proceed without logging inhellipbull Click the + sign to add loans or use average balances
Repayment Estimator (cont)
bull Add all of your loans First click on the black down arrow to choose type of loan
Repayment Estimator (cont)bull Choose the type and then enter the balance and interest
rate for that loan Click Add It will look like this
Repayment Estimator (cont)
bull Next use the black down arrow to choose your tax filing status Single is the default
Repayment Estimator (cont)bull Final steps input your AGI family size and statebull Click calculate results
Repayment Estimator -The results
Additional Repayment Estimator Results
$100000 Unsubsidized loan total at 55 interest rate
What ARE the plans
Important Notes
bull The estimator is just that an ESTIMATE of what your payments might be
bull You should contact your servicer to discuss your actual account
bull Repayment plans are determined by federal regulation therefore they can change What is available today may not be available when you graduate
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Standard Repaymentbull The default planbull Fixed payment amountbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay the least amount of interest over the life of the loan with
this planbull Graduated Repayment
bull Payments start lower and then increase usually every 2 yearsbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay more interest than with the Standard Plan
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Extended Repaymentbull Payments may be fixed or graduatedbull Up to 25 years to repay the loan bull For Direct Loan borrowers must owe more than $30000 to qualifybull Payments will be lower than with Standard or Graduated but you will
pay more interest over the life of the loanbull Income-Driven Repayment Plans
bull Currently 4 different plansbull Up to 20 or 25 years to repay the loan bull All borrowers are NOT eligiblebull Payments may be lower but you will pay more interest than with the
Standard Plan
Income-Driven Plansbull The Department of Education uses a percentage of your
discretionary income to determine repayment amounts
bull What IS discretionary income (per the Department of Ed)bull For Income-Based Repayment Pay As You Earn and loan rehabilitation
discretionary income is the difference between your income and 150 percent of the poverty guideline for your family size and state of residence
bull For Income-Contingent Repayment discretionary income is the difference between your income and 100 percent of the poverty guideline for your family size and state of residence
bull The poverty guidelines are maintained by the US Department of Health and Human Services and are available at wwwaspehhsgovpoverty
bull Income Driven Repayment Plans QampA
Discretionary Income Examplebull For a family of 2 150 of
the poverty guideline would be $16020 x 15 = $24030
bull If you make $45000 a year your discretionary income would be
bull 45000 ndash 24030 = $20970bull Your payment would be
roughly bull 20970 x 10 (10) =
$2097bull $2097 12 = $17475
Income-Driven Plans
bull Revised Pay As You Earn (REPAYE)bull Payments will be 10 of discretionary income Based on income
and family sizebull Payments recalculated each yearbull Payments may be higher than with the Standard Planbull If married spouse income and loans will be consideredbull Remaining balance after 20 (UNDG) or 25 (GRAD) years will be
forgiven (this may be TAXED)bull Interest benefit ndash If your determined payment does not cover the
interest amount that you are being charged each month the government will pay frac12 of the difference on Unsubsidized Loans
Income-Driven Plans (cont)
bull Pay As You Earn (PAYE)bull Payments will be 10 of discretionary income Based on income and
family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Remaining balance after 20 years will be forgiven (this may be
TAXED)bull MUST be a new borrower after Oct 1 2007 AND must have received
a Direct Loan disbursement on or after Oct 1 2011bull Must have high debt to income ratiobull Monthly payment will NEVER be more than the Standard Plan
Income-Driven Plans (cont)
bull Income-Based Repayment (IBR)bull Payments will be 10 for new borrowers (no outstanding Direct
Loan balance prior to July 1 2014)bull Payments will be 15 for those who are not new borrowersbull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered bull Borrower must have high debt to income ratiobull Monthly payment will NEVER be more than the standard planbull Remaining balance after 20 or 25 years will be forgiven (this may be
TAXED)
Income-Driven Plans (cont)bull Income-Contingent Repayment (ICR)
bull Payments will be 20 of discretionary income OR the amount you would pay on a repayment plan with a fixed payment over 12 years adjusted to your income (whichever is less)
bull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Any borrower with qualifying loan types is eligiblebull Monthly payment may be more than the standard planbull Remaining balance after 25 years will be forgiven (this may be
TAXED)
The Repayment Plans
bull Click here for a link to all of the repayment plans
bull Scroll down to see the ldquoOverview of Direct Loan and FFEL Repayment Plansrdquo
The Repayment Plans
bull Sample chart from Department of Education Income-Driven Repayment Plans for Federal Student Loans Handout
Income-Driven Plans
Rememberhellipbull Make sure your contact information is up to date with
your servicers and the Department of Educationbull Annually review the data for accuracybull Upon graduation contact your servicer to sign up for
the best plan for youbull If at ANY time you are having trouble making a
payment contact your servicer immediately Non-payments even for very valid reasons will impact your credit score and your current options for repayment
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Do you know how much you owe in federal loansbull Visit wwwnsldsedgov to log into your federal records
bull Click Financial Aid Review
Logging into NSLDSbull The next screen requests that you accept or decline the
privacy notice Choose accept to proceed to the login screen
Logging into NSLDS (cont)bull You can now log in with your FSA ID
bull Choose the Log In tab if you have your FSA IDbull If you do not have an FSA ID create one
Logging into NSLDS (cont)bull Click on the blue to drill down and see the detail of
each loan ORbull Click MyStudentData download for a text file output
Drill Down Data Example
Time to Breathe
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Direct Loan Repayment Plans
Goal
bull Students will be aware of the federal loan repayment options You will be able to
Locate federal repayment optionsIdentify the different repayment optionsDiscriminate between all of the repayment
optionsCompare the variables of each of the plansEvaluate the programs
You know what you owe what do you do nowbull Go to the Department of Education at httpsstudentaidedgovbull Choose ldquoHow to Repay Your Loansrdquo
Studentaidedgov
bull Tons of information at your finger tips
Studentaidedgov (cont)
bull Click on the ldquoFinding the Right Repayment Planrdquo option
Studentaidedgov (cont)bull Click the link on the
site to view all plansbull Click on the income-
driven link to view those plans
bull Choose Estimate Your Payments to use the calculator
Letrsquos Estimate Your Paymentbull The estimator will redirect you to studentloansgovbull You can log in with your FSA ID to use real data or
proceed and plug in your own numbers
Repayment Estimatorbull To proceed without logging inhellipbull Click the + sign to add loans or use average balances
Repayment Estimator (cont)
bull Add all of your loans First click on the black down arrow to choose type of loan
Repayment Estimator (cont)bull Choose the type and then enter the balance and interest
rate for that loan Click Add It will look like this
Repayment Estimator (cont)
bull Next use the black down arrow to choose your tax filing status Single is the default
Repayment Estimator (cont)bull Final steps input your AGI family size and statebull Click calculate results
Repayment Estimator -The results
Additional Repayment Estimator Results
$100000 Unsubsidized loan total at 55 interest rate
What ARE the plans
Important Notes
bull The estimator is just that an ESTIMATE of what your payments might be
bull You should contact your servicer to discuss your actual account
bull Repayment plans are determined by federal regulation therefore they can change What is available today may not be available when you graduate
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Standard Repaymentbull The default planbull Fixed payment amountbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay the least amount of interest over the life of the loan with
this planbull Graduated Repayment
bull Payments start lower and then increase usually every 2 yearsbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay more interest than with the Standard Plan
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Extended Repaymentbull Payments may be fixed or graduatedbull Up to 25 years to repay the loan bull For Direct Loan borrowers must owe more than $30000 to qualifybull Payments will be lower than with Standard or Graduated but you will
pay more interest over the life of the loanbull Income-Driven Repayment Plans
bull Currently 4 different plansbull Up to 20 or 25 years to repay the loan bull All borrowers are NOT eligiblebull Payments may be lower but you will pay more interest than with the
Standard Plan
Income-Driven Plansbull The Department of Education uses a percentage of your
discretionary income to determine repayment amounts
bull What IS discretionary income (per the Department of Ed)bull For Income-Based Repayment Pay As You Earn and loan rehabilitation
discretionary income is the difference between your income and 150 percent of the poverty guideline for your family size and state of residence
bull For Income-Contingent Repayment discretionary income is the difference between your income and 100 percent of the poverty guideline for your family size and state of residence
bull The poverty guidelines are maintained by the US Department of Health and Human Services and are available at wwwaspehhsgovpoverty
bull Income Driven Repayment Plans QampA
Discretionary Income Examplebull For a family of 2 150 of
the poverty guideline would be $16020 x 15 = $24030
bull If you make $45000 a year your discretionary income would be
bull 45000 ndash 24030 = $20970bull Your payment would be
roughly bull 20970 x 10 (10) =
$2097bull $2097 12 = $17475
Income-Driven Plans
bull Revised Pay As You Earn (REPAYE)bull Payments will be 10 of discretionary income Based on income
and family sizebull Payments recalculated each yearbull Payments may be higher than with the Standard Planbull If married spouse income and loans will be consideredbull Remaining balance after 20 (UNDG) or 25 (GRAD) years will be
forgiven (this may be TAXED)bull Interest benefit ndash If your determined payment does not cover the
interest amount that you are being charged each month the government will pay frac12 of the difference on Unsubsidized Loans
Income-Driven Plans (cont)
bull Pay As You Earn (PAYE)bull Payments will be 10 of discretionary income Based on income and
family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Remaining balance after 20 years will be forgiven (this may be
TAXED)bull MUST be a new borrower after Oct 1 2007 AND must have received
a Direct Loan disbursement on or after Oct 1 2011bull Must have high debt to income ratiobull Monthly payment will NEVER be more than the Standard Plan
Income-Driven Plans (cont)
bull Income-Based Repayment (IBR)bull Payments will be 10 for new borrowers (no outstanding Direct
Loan balance prior to July 1 2014)bull Payments will be 15 for those who are not new borrowersbull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered bull Borrower must have high debt to income ratiobull Monthly payment will NEVER be more than the standard planbull Remaining balance after 20 or 25 years will be forgiven (this may be
TAXED)
Income-Driven Plans (cont)bull Income-Contingent Repayment (ICR)
bull Payments will be 20 of discretionary income OR the amount you would pay on a repayment plan with a fixed payment over 12 years adjusted to your income (whichever is less)
bull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Any borrower with qualifying loan types is eligiblebull Monthly payment may be more than the standard planbull Remaining balance after 25 years will be forgiven (this may be
TAXED)
The Repayment Plans
bull Click here for a link to all of the repayment plans
bull Scroll down to see the ldquoOverview of Direct Loan and FFEL Repayment Plansrdquo
The Repayment Plans
bull Sample chart from Department of Education Income-Driven Repayment Plans for Federal Student Loans Handout
Income-Driven Plans
Rememberhellipbull Make sure your contact information is up to date with
your servicers and the Department of Educationbull Annually review the data for accuracybull Upon graduation contact your servicer to sign up for
the best plan for youbull If at ANY time you are having trouble making a
payment contact your servicer immediately Non-payments even for very valid reasons will impact your credit score and your current options for repayment
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Logging into NSLDSbull The next screen requests that you accept or decline the
privacy notice Choose accept to proceed to the login screen
Logging into NSLDS (cont)bull You can now log in with your FSA ID
bull Choose the Log In tab if you have your FSA IDbull If you do not have an FSA ID create one
Logging into NSLDS (cont)bull Click on the blue to drill down and see the detail of
each loan ORbull Click MyStudentData download for a text file output
Drill Down Data Example
Time to Breathe
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Direct Loan Repayment Plans
Goal
bull Students will be aware of the federal loan repayment options You will be able to
Locate federal repayment optionsIdentify the different repayment optionsDiscriminate between all of the repayment
optionsCompare the variables of each of the plansEvaluate the programs
You know what you owe what do you do nowbull Go to the Department of Education at httpsstudentaidedgovbull Choose ldquoHow to Repay Your Loansrdquo
Studentaidedgov
bull Tons of information at your finger tips
Studentaidedgov (cont)
bull Click on the ldquoFinding the Right Repayment Planrdquo option
Studentaidedgov (cont)bull Click the link on the
site to view all plansbull Click on the income-
driven link to view those plans
bull Choose Estimate Your Payments to use the calculator
Letrsquos Estimate Your Paymentbull The estimator will redirect you to studentloansgovbull You can log in with your FSA ID to use real data or
proceed and plug in your own numbers
Repayment Estimatorbull To proceed without logging inhellipbull Click the + sign to add loans or use average balances
Repayment Estimator (cont)
bull Add all of your loans First click on the black down arrow to choose type of loan
Repayment Estimator (cont)bull Choose the type and then enter the balance and interest
rate for that loan Click Add It will look like this
Repayment Estimator (cont)
bull Next use the black down arrow to choose your tax filing status Single is the default
Repayment Estimator (cont)bull Final steps input your AGI family size and statebull Click calculate results
Repayment Estimator -The results
Additional Repayment Estimator Results
$100000 Unsubsidized loan total at 55 interest rate
What ARE the plans
Important Notes
bull The estimator is just that an ESTIMATE of what your payments might be
bull You should contact your servicer to discuss your actual account
bull Repayment plans are determined by federal regulation therefore they can change What is available today may not be available when you graduate
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Standard Repaymentbull The default planbull Fixed payment amountbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay the least amount of interest over the life of the loan with
this planbull Graduated Repayment
bull Payments start lower and then increase usually every 2 yearsbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay more interest than with the Standard Plan
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Extended Repaymentbull Payments may be fixed or graduatedbull Up to 25 years to repay the loan bull For Direct Loan borrowers must owe more than $30000 to qualifybull Payments will be lower than with Standard or Graduated but you will
pay more interest over the life of the loanbull Income-Driven Repayment Plans
bull Currently 4 different plansbull Up to 20 or 25 years to repay the loan bull All borrowers are NOT eligiblebull Payments may be lower but you will pay more interest than with the
Standard Plan
Income-Driven Plansbull The Department of Education uses a percentage of your
discretionary income to determine repayment amounts
bull What IS discretionary income (per the Department of Ed)bull For Income-Based Repayment Pay As You Earn and loan rehabilitation
discretionary income is the difference between your income and 150 percent of the poverty guideline for your family size and state of residence
bull For Income-Contingent Repayment discretionary income is the difference between your income and 100 percent of the poverty guideline for your family size and state of residence
bull The poverty guidelines are maintained by the US Department of Health and Human Services and are available at wwwaspehhsgovpoverty
bull Income Driven Repayment Plans QampA
Discretionary Income Examplebull For a family of 2 150 of
the poverty guideline would be $16020 x 15 = $24030
bull If you make $45000 a year your discretionary income would be
bull 45000 ndash 24030 = $20970bull Your payment would be
roughly bull 20970 x 10 (10) =
$2097bull $2097 12 = $17475
Income-Driven Plans
bull Revised Pay As You Earn (REPAYE)bull Payments will be 10 of discretionary income Based on income
and family sizebull Payments recalculated each yearbull Payments may be higher than with the Standard Planbull If married spouse income and loans will be consideredbull Remaining balance after 20 (UNDG) or 25 (GRAD) years will be
forgiven (this may be TAXED)bull Interest benefit ndash If your determined payment does not cover the
interest amount that you are being charged each month the government will pay frac12 of the difference on Unsubsidized Loans
Income-Driven Plans (cont)
bull Pay As You Earn (PAYE)bull Payments will be 10 of discretionary income Based on income and
family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Remaining balance after 20 years will be forgiven (this may be
TAXED)bull MUST be a new borrower after Oct 1 2007 AND must have received
a Direct Loan disbursement on or after Oct 1 2011bull Must have high debt to income ratiobull Monthly payment will NEVER be more than the Standard Plan
Income-Driven Plans (cont)
bull Income-Based Repayment (IBR)bull Payments will be 10 for new borrowers (no outstanding Direct
Loan balance prior to July 1 2014)bull Payments will be 15 for those who are not new borrowersbull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered bull Borrower must have high debt to income ratiobull Monthly payment will NEVER be more than the standard planbull Remaining balance after 20 or 25 years will be forgiven (this may be
TAXED)
Income-Driven Plans (cont)bull Income-Contingent Repayment (ICR)
bull Payments will be 20 of discretionary income OR the amount you would pay on a repayment plan with a fixed payment over 12 years adjusted to your income (whichever is less)
bull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Any borrower with qualifying loan types is eligiblebull Monthly payment may be more than the standard planbull Remaining balance after 25 years will be forgiven (this may be
TAXED)
The Repayment Plans
bull Click here for a link to all of the repayment plans
bull Scroll down to see the ldquoOverview of Direct Loan and FFEL Repayment Plansrdquo
The Repayment Plans
bull Sample chart from Department of Education Income-Driven Repayment Plans for Federal Student Loans Handout
Income-Driven Plans
Rememberhellipbull Make sure your contact information is up to date with
your servicers and the Department of Educationbull Annually review the data for accuracybull Upon graduation contact your servicer to sign up for
the best plan for youbull If at ANY time you are having trouble making a
payment contact your servicer immediately Non-payments even for very valid reasons will impact your credit score and your current options for repayment
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Logging into NSLDS (cont)bull You can now log in with your FSA ID
bull Choose the Log In tab if you have your FSA IDbull If you do not have an FSA ID create one
Logging into NSLDS (cont)bull Click on the blue to drill down and see the detail of
each loan ORbull Click MyStudentData download for a text file output
Drill Down Data Example
Time to Breathe
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Direct Loan Repayment Plans
Goal
bull Students will be aware of the federal loan repayment options You will be able to
Locate federal repayment optionsIdentify the different repayment optionsDiscriminate between all of the repayment
optionsCompare the variables of each of the plansEvaluate the programs
You know what you owe what do you do nowbull Go to the Department of Education at httpsstudentaidedgovbull Choose ldquoHow to Repay Your Loansrdquo
Studentaidedgov
bull Tons of information at your finger tips
Studentaidedgov (cont)
bull Click on the ldquoFinding the Right Repayment Planrdquo option
Studentaidedgov (cont)bull Click the link on the
site to view all plansbull Click on the income-
driven link to view those plans
bull Choose Estimate Your Payments to use the calculator
Letrsquos Estimate Your Paymentbull The estimator will redirect you to studentloansgovbull You can log in with your FSA ID to use real data or
proceed and plug in your own numbers
Repayment Estimatorbull To proceed without logging inhellipbull Click the + sign to add loans or use average balances
Repayment Estimator (cont)
bull Add all of your loans First click on the black down arrow to choose type of loan
Repayment Estimator (cont)bull Choose the type and then enter the balance and interest
rate for that loan Click Add It will look like this
Repayment Estimator (cont)
bull Next use the black down arrow to choose your tax filing status Single is the default
Repayment Estimator (cont)bull Final steps input your AGI family size and statebull Click calculate results
Repayment Estimator -The results
Additional Repayment Estimator Results
$100000 Unsubsidized loan total at 55 interest rate
What ARE the plans
Important Notes
bull The estimator is just that an ESTIMATE of what your payments might be
bull You should contact your servicer to discuss your actual account
bull Repayment plans are determined by federal regulation therefore they can change What is available today may not be available when you graduate
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Standard Repaymentbull The default planbull Fixed payment amountbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay the least amount of interest over the life of the loan with
this planbull Graduated Repayment
bull Payments start lower and then increase usually every 2 yearsbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay more interest than with the Standard Plan
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Extended Repaymentbull Payments may be fixed or graduatedbull Up to 25 years to repay the loan bull For Direct Loan borrowers must owe more than $30000 to qualifybull Payments will be lower than with Standard or Graduated but you will
pay more interest over the life of the loanbull Income-Driven Repayment Plans
bull Currently 4 different plansbull Up to 20 or 25 years to repay the loan bull All borrowers are NOT eligiblebull Payments may be lower but you will pay more interest than with the
Standard Plan
Income-Driven Plansbull The Department of Education uses a percentage of your
discretionary income to determine repayment amounts
bull What IS discretionary income (per the Department of Ed)bull For Income-Based Repayment Pay As You Earn and loan rehabilitation
discretionary income is the difference between your income and 150 percent of the poverty guideline for your family size and state of residence
bull For Income-Contingent Repayment discretionary income is the difference between your income and 100 percent of the poverty guideline for your family size and state of residence
bull The poverty guidelines are maintained by the US Department of Health and Human Services and are available at wwwaspehhsgovpoverty
bull Income Driven Repayment Plans QampA
Discretionary Income Examplebull For a family of 2 150 of
the poverty guideline would be $16020 x 15 = $24030
bull If you make $45000 a year your discretionary income would be
bull 45000 ndash 24030 = $20970bull Your payment would be
roughly bull 20970 x 10 (10) =
$2097bull $2097 12 = $17475
Income-Driven Plans
bull Revised Pay As You Earn (REPAYE)bull Payments will be 10 of discretionary income Based on income
and family sizebull Payments recalculated each yearbull Payments may be higher than with the Standard Planbull If married spouse income and loans will be consideredbull Remaining balance after 20 (UNDG) or 25 (GRAD) years will be
forgiven (this may be TAXED)bull Interest benefit ndash If your determined payment does not cover the
interest amount that you are being charged each month the government will pay frac12 of the difference on Unsubsidized Loans
Income-Driven Plans (cont)
bull Pay As You Earn (PAYE)bull Payments will be 10 of discretionary income Based on income and
family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Remaining balance after 20 years will be forgiven (this may be
TAXED)bull MUST be a new borrower after Oct 1 2007 AND must have received
a Direct Loan disbursement on or after Oct 1 2011bull Must have high debt to income ratiobull Monthly payment will NEVER be more than the Standard Plan
Income-Driven Plans (cont)
bull Income-Based Repayment (IBR)bull Payments will be 10 for new borrowers (no outstanding Direct
Loan balance prior to July 1 2014)bull Payments will be 15 for those who are not new borrowersbull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered bull Borrower must have high debt to income ratiobull Monthly payment will NEVER be more than the standard planbull Remaining balance after 20 or 25 years will be forgiven (this may be
TAXED)
Income-Driven Plans (cont)bull Income-Contingent Repayment (ICR)
bull Payments will be 20 of discretionary income OR the amount you would pay on a repayment plan with a fixed payment over 12 years adjusted to your income (whichever is less)
bull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Any borrower with qualifying loan types is eligiblebull Monthly payment may be more than the standard planbull Remaining balance after 25 years will be forgiven (this may be
TAXED)
The Repayment Plans
bull Click here for a link to all of the repayment plans
bull Scroll down to see the ldquoOverview of Direct Loan and FFEL Repayment Plansrdquo
The Repayment Plans
bull Sample chart from Department of Education Income-Driven Repayment Plans for Federal Student Loans Handout
Income-Driven Plans
Rememberhellipbull Make sure your contact information is up to date with
your servicers and the Department of Educationbull Annually review the data for accuracybull Upon graduation contact your servicer to sign up for
the best plan for youbull If at ANY time you are having trouble making a
payment contact your servicer immediately Non-payments even for very valid reasons will impact your credit score and your current options for repayment
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Logging into NSLDS (cont)bull Click on the blue to drill down and see the detail of
each loan ORbull Click MyStudentData download for a text file output
Drill Down Data Example
Time to Breathe
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Direct Loan Repayment Plans
Goal
bull Students will be aware of the federal loan repayment options You will be able to
Locate federal repayment optionsIdentify the different repayment optionsDiscriminate between all of the repayment
optionsCompare the variables of each of the plansEvaluate the programs
You know what you owe what do you do nowbull Go to the Department of Education at httpsstudentaidedgovbull Choose ldquoHow to Repay Your Loansrdquo
Studentaidedgov
bull Tons of information at your finger tips
Studentaidedgov (cont)
bull Click on the ldquoFinding the Right Repayment Planrdquo option
Studentaidedgov (cont)bull Click the link on the
site to view all plansbull Click on the income-
driven link to view those plans
bull Choose Estimate Your Payments to use the calculator
Letrsquos Estimate Your Paymentbull The estimator will redirect you to studentloansgovbull You can log in with your FSA ID to use real data or
proceed and plug in your own numbers
Repayment Estimatorbull To proceed without logging inhellipbull Click the + sign to add loans or use average balances
Repayment Estimator (cont)
bull Add all of your loans First click on the black down arrow to choose type of loan
Repayment Estimator (cont)bull Choose the type and then enter the balance and interest
rate for that loan Click Add It will look like this
Repayment Estimator (cont)
bull Next use the black down arrow to choose your tax filing status Single is the default
Repayment Estimator (cont)bull Final steps input your AGI family size and statebull Click calculate results
Repayment Estimator -The results
Additional Repayment Estimator Results
$100000 Unsubsidized loan total at 55 interest rate
What ARE the plans
Important Notes
bull The estimator is just that an ESTIMATE of what your payments might be
bull You should contact your servicer to discuss your actual account
bull Repayment plans are determined by federal regulation therefore they can change What is available today may not be available when you graduate
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Standard Repaymentbull The default planbull Fixed payment amountbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay the least amount of interest over the life of the loan with
this planbull Graduated Repayment
bull Payments start lower and then increase usually every 2 yearsbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay more interest than with the Standard Plan
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Extended Repaymentbull Payments may be fixed or graduatedbull Up to 25 years to repay the loan bull For Direct Loan borrowers must owe more than $30000 to qualifybull Payments will be lower than with Standard or Graduated but you will
pay more interest over the life of the loanbull Income-Driven Repayment Plans
bull Currently 4 different plansbull Up to 20 or 25 years to repay the loan bull All borrowers are NOT eligiblebull Payments may be lower but you will pay more interest than with the
Standard Plan
Income-Driven Plansbull The Department of Education uses a percentage of your
discretionary income to determine repayment amounts
bull What IS discretionary income (per the Department of Ed)bull For Income-Based Repayment Pay As You Earn and loan rehabilitation
discretionary income is the difference between your income and 150 percent of the poverty guideline for your family size and state of residence
bull For Income-Contingent Repayment discretionary income is the difference between your income and 100 percent of the poverty guideline for your family size and state of residence
bull The poverty guidelines are maintained by the US Department of Health and Human Services and are available at wwwaspehhsgovpoverty
bull Income Driven Repayment Plans QampA
Discretionary Income Examplebull For a family of 2 150 of
the poverty guideline would be $16020 x 15 = $24030
bull If you make $45000 a year your discretionary income would be
bull 45000 ndash 24030 = $20970bull Your payment would be
roughly bull 20970 x 10 (10) =
$2097bull $2097 12 = $17475
Income-Driven Plans
bull Revised Pay As You Earn (REPAYE)bull Payments will be 10 of discretionary income Based on income
and family sizebull Payments recalculated each yearbull Payments may be higher than with the Standard Planbull If married spouse income and loans will be consideredbull Remaining balance after 20 (UNDG) or 25 (GRAD) years will be
forgiven (this may be TAXED)bull Interest benefit ndash If your determined payment does not cover the
interest amount that you are being charged each month the government will pay frac12 of the difference on Unsubsidized Loans
Income-Driven Plans (cont)
bull Pay As You Earn (PAYE)bull Payments will be 10 of discretionary income Based on income and
family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Remaining balance after 20 years will be forgiven (this may be
TAXED)bull MUST be a new borrower after Oct 1 2007 AND must have received
a Direct Loan disbursement on or after Oct 1 2011bull Must have high debt to income ratiobull Monthly payment will NEVER be more than the Standard Plan
Income-Driven Plans (cont)
bull Income-Based Repayment (IBR)bull Payments will be 10 for new borrowers (no outstanding Direct
Loan balance prior to July 1 2014)bull Payments will be 15 for those who are not new borrowersbull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered bull Borrower must have high debt to income ratiobull Monthly payment will NEVER be more than the standard planbull Remaining balance after 20 or 25 years will be forgiven (this may be
TAXED)
Income-Driven Plans (cont)bull Income-Contingent Repayment (ICR)
bull Payments will be 20 of discretionary income OR the amount you would pay on a repayment plan with a fixed payment over 12 years adjusted to your income (whichever is less)
bull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Any borrower with qualifying loan types is eligiblebull Monthly payment may be more than the standard planbull Remaining balance after 25 years will be forgiven (this may be
TAXED)
The Repayment Plans
bull Click here for a link to all of the repayment plans
bull Scroll down to see the ldquoOverview of Direct Loan and FFEL Repayment Plansrdquo
The Repayment Plans
bull Sample chart from Department of Education Income-Driven Repayment Plans for Federal Student Loans Handout
Income-Driven Plans
Rememberhellipbull Make sure your contact information is up to date with
your servicers and the Department of Educationbull Annually review the data for accuracybull Upon graduation contact your servicer to sign up for
the best plan for youbull If at ANY time you are having trouble making a
payment contact your servicer immediately Non-payments even for very valid reasons will impact your credit score and your current options for repayment
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Drill Down Data Example
Time to Breathe
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Direct Loan Repayment Plans
Goal
bull Students will be aware of the federal loan repayment options You will be able to
Locate federal repayment optionsIdentify the different repayment optionsDiscriminate between all of the repayment
optionsCompare the variables of each of the plansEvaluate the programs
You know what you owe what do you do nowbull Go to the Department of Education at httpsstudentaidedgovbull Choose ldquoHow to Repay Your Loansrdquo
Studentaidedgov
bull Tons of information at your finger tips
Studentaidedgov (cont)
bull Click on the ldquoFinding the Right Repayment Planrdquo option
Studentaidedgov (cont)bull Click the link on the
site to view all plansbull Click on the income-
driven link to view those plans
bull Choose Estimate Your Payments to use the calculator
Letrsquos Estimate Your Paymentbull The estimator will redirect you to studentloansgovbull You can log in with your FSA ID to use real data or
proceed and plug in your own numbers
Repayment Estimatorbull To proceed without logging inhellipbull Click the + sign to add loans or use average balances
Repayment Estimator (cont)
bull Add all of your loans First click on the black down arrow to choose type of loan
Repayment Estimator (cont)bull Choose the type and then enter the balance and interest
rate for that loan Click Add It will look like this
Repayment Estimator (cont)
bull Next use the black down arrow to choose your tax filing status Single is the default
Repayment Estimator (cont)bull Final steps input your AGI family size and statebull Click calculate results
Repayment Estimator -The results
Additional Repayment Estimator Results
$100000 Unsubsidized loan total at 55 interest rate
What ARE the plans
Important Notes
bull The estimator is just that an ESTIMATE of what your payments might be
bull You should contact your servicer to discuss your actual account
bull Repayment plans are determined by federal regulation therefore they can change What is available today may not be available when you graduate
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Standard Repaymentbull The default planbull Fixed payment amountbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay the least amount of interest over the life of the loan with
this planbull Graduated Repayment
bull Payments start lower and then increase usually every 2 yearsbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay more interest than with the Standard Plan
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Extended Repaymentbull Payments may be fixed or graduatedbull Up to 25 years to repay the loan bull For Direct Loan borrowers must owe more than $30000 to qualifybull Payments will be lower than with Standard or Graduated but you will
pay more interest over the life of the loanbull Income-Driven Repayment Plans
bull Currently 4 different plansbull Up to 20 or 25 years to repay the loan bull All borrowers are NOT eligiblebull Payments may be lower but you will pay more interest than with the
Standard Plan
Income-Driven Plansbull The Department of Education uses a percentage of your
discretionary income to determine repayment amounts
bull What IS discretionary income (per the Department of Ed)bull For Income-Based Repayment Pay As You Earn and loan rehabilitation
discretionary income is the difference between your income and 150 percent of the poverty guideline for your family size and state of residence
bull For Income-Contingent Repayment discretionary income is the difference between your income and 100 percent of the poverty guideline for your family size and state of residence
bull The poverty guidelines are maintained by the US Department of Health and Human Services and are available at wwwaspehhsgovpoverty
bull Income Driven Repayment Plans QampA
Discretionary Income Examplebull For a family of 2 150 of
the poverty guideline would be $16020 x 15 = $24030
bull If you make $45000 a year your discretionary income would be
bull 45000 ndash 24030 = $20970bull Your payment would be
roughly bull 20970 x 10 (10) =
$2097bull $2097 12 = $17475
Income-Driven Plans
bull Revised Pay As You Earn (REPAYE)bull Payments will be 10 of discretionary income Based on income
and family sizebull Payments recalculated each yearbull Payments may be higher than with the Standard Planbull If married spouse income and loans will be consideredbull Remaining balance after 20 (UNDG) or 25 (GRAD) years will be
forgiven (this may be TAXED)bull Interest benefit ndash If your determined payment does not cover the
interest amount that you are being charged each month the government will pay frac12 of the difference on Unsubsidized Loans
Income-Driven Plans (cont)
bull Pay As You Earn (PAYE)bull Payments will be 10 of discretionary income Based on income and
family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Remaining balance after 20 years will be forgiven (this may be
TAXED)bull MUST be a new borrower after Oct 1 2007 AND must have received
a Direct Loan disbursement on or after Oct 1 2011bull Must have high debt to income ratiobull Monthly payment will NEVER be more than the Standard Plan
Income-Driven Plans (cont)
bull Income-Based Repayment (IBR)bull Payments will be 10 for new borrowers (no outstanding Direct
Loan balance prior to July 1 2014)bull Payments will be 15 for those who are not new borrowersbull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered bull Borrower must have high debt to income ratiobull Monthly payment will NEVER be more than the standard planbull Remaining balance after 20 or 25 years will be forgiven (this may be
TAXED)
Income-Driven Plans (cont)bull Income-Contingent Repayment (ICR)
bull Payments will be 20 of discretionary income OR the amount you would pay on a repayment plan with a fixed payment over 12 years adjusted to your income (whichever is less)
bull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Any borrower with qualifying loan types is eligiblebull Monthly payment may be more than the standard planbull Remaining balance after 25 years will be forgiven (this may be
TAXED)
The Repayment Plans
bull Click here for a link to all of the repayment plans
bull Scroll down to see the ldquoOverview of Direct Loan and FFEL Repayment Plansrdquo
The Repayment Plans
bull Sample chart from Department of Education Income-Driven Repayment Plans for Federal Student Loans Handout
Income-Driven Plans
Rememberhellipbull Make sure your contact information is up to date with
your servicers and the Department of Educationbull Annually review the data for accuracybull Upon graduation contact your servicer to sign up for
the best plan for youbull If at ANY time you are having trouble making a
payment contact your servicer immediately Non-payments even for very valid reasons will impact your credit score and your current options for repayment
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Time to Breathe
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Direct Loan Repayment Plans
Goal
bull Students will be aware of the federal loan repayment options You will be able to
Locate federal repayment optionsIdentify the different repayment optionsDiscriminate between all of the repayment
optionsCompare the variables of each of the plansEvaluate the programs
You know what you owe what do you do nowbull Go to the Department of Education at httpsstudentaidedgovbull Choose ldquoHow to Repay Your Loansrdquo
Studentaidedgov
bull Tons of information at your finger tips
Studentaidedgov (cont)
bull Click on the ldquoFinding the Right Repayment Planrdquo option
Studentaidedgov (cont)bull Click the link on the
site to view all plansbull Click on the income-
driven link to view those plans
bull Choose Estimate Your Payments to use the calculator
Letrsquos Estimate Your Paymentbull The estimator will redirect you to studentloansgovbull You can log in with your FSA ID to use real data or
proceed and plug in your own numbers
Repayment Estimatorbull To proceed without logging inhellipbull Click the + sign to add loans or use average balances
Repayment Estimator (cont)
bull Add all of your loans First click on the black down arrow to choose type of loan
Repayment Estimator (cont)bull Choose the type and then enter the balance and interest
rate for that loan Click Add It will look like this
Repayment Estimator (cont)
bull Next use the black down arrow to choose your tax filing status Single is the default
Repayment Estimator (cont)bull Final steps input your AGI family size and statebull Click calculate results
Repayment Estimator -The results
Additional Repayment Estimator Results
$100000 Unsubsidized loan total at 55 interest rate
What ARE the plans
Important Notes
bull The estimator is just that an ESTIMATE of what your payments might be
bull You should contact your servicer to discuss your actual account
bull Repayment plans are determined by federal regulation therefore they can change What is available today may not be available when you graduate
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Standard Repaymentbull The default planbull Fixed payment amountbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay the least amount of interest over the life of the loan with
this planbull Graduated Repayment
bull Payments start lower and then increase usually every 2 yearsbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay more interest than with the Standard Plan
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Extended Repaymentbull Payments may be fixed or graduatedbull Up to 25 years to repay the loan bull For Direct Loan borrowers must owe more than $30000 to qualifybull Payments will be lower than with Standard or Graduated but you will
pay more interest over the life of the loanbull Income-Driven Repayment Plans
bull Currently 4 different plansbull Up to 20 or 25 years to repay the loan bull All borrowers are NOT eligiblebull Payments may be lower but you will pay more interest than with the
Standard Plan
Income-Driven Plansbull The Department of Education uses a percentage of your
discretionary income to determine repayment amounts
bull What IS discretionary income (per the Department of Ed)bull For Income-Based Repayment Pay As You Earn and loan rehabilitation
discretionary income is the difference between your income and 150 percent of the poverty guideline for your family size and state of residence
bull For Income-Contingent Repayment discretionary income is the difference between your income and 100 percent of the poverty guideline for your family size and state of residence
bull The poverty guidelines are maintained by the US Department of Health and Human Services and are available at wwwaspehhsgovpoverty
bull Income Driven Repayment Plans QampA
Discretionary Income Examplebull For a family of 2 150 of
the poverty guideline would be $16020 x 15 = $24030
bull If you make $45000 a year your discretionary income would be
bull 45000 ndash 24030 = $20970bull Your payment would be
roughly bull 20970 x 10 (10) =
$2097bull $2097 12 = $17475
Income-Driven Plans
bull Revised Pay As You Earn (REPAYE)bull Payments will be 10 of discretionary income Based on income
and family sizebull Payments recalculated each yearbull Payments may be higher than with the Standard Planbull If married spouse income and loans will be consideredbull Remaining balance after 20 (UNDG) or 25 (GRAD) years will be
forgiven (this may be TAXED)bull Interest benefit ndash If your determined payment does not cover the
interest amount that you are being charged each month the government will pay frac12 of the difference on Unsubsidized Loans
Income-Driven Plans (cont)
bull Pay As You Earn (PAYE)bull Payments will be 10 of discretionary income Based on income and
family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Remaining balance after 20 years will be forgiven (this may be
TAXED)bull MUST be a new borrower after Oct 1 2007 AND must have received
a Direct Loan disbursement on or after Oct 1 2011bull Must have high debt to income ratiobull Monthly payment will NEVER be more than the Standard Plan
Income-Driven Plans (cont)
bull Income-Based Repayment (IBR)bull Payments will be 10 for new borrowers (no outstanding Direct
Loan balance prior to July 1 2014)bull Payments will be 15 for those who are not new borrowersbull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered bull Borrower must have high debt to income ratiobull Monthly payment will NEVER be more than the standard planbull Remaining balance after 20 or 25 years will be forgiven (this may be
TAXED)
Income-Driven Plans (cont)bull Income-Contingent Repayment (ICR)
bull Payments will be 20 of discretionary income OR the amount you would pay on a repayment plan with a fixed payment over 12 years adjusted to your income (whichever is less)
bull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Any borrower with qualifying loan types is eligiblebull Monthly payment may be more than the standard planbull Remaining balance after 25 years will be forgiven (this may be
TAXED)
The Repayment Plans
bull Click here for a link to all of the repayment plans
bull Scroll down to see the ldquoOverview of Direct Loan and FFEL Repayment Plansrdquo
The Repayment Plans
bull Sample chart from Department of Education Income-Driven Repayment Plans for Federal Student Loans Handout
Income-Driven Plans
Rememberhellipbull Make sure your contact information is up to date with
your servicers and the Department of Educationbull Annually review the data for accuracybull Upon graduation contact your servicer to sign up for
the best plan for youbull If at ANY time you are having trouble making a
payment contact your servicer immediately Non-payments even for very valid reasons will impact your credit score and your current options for repayment
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Direct Loan Repayment Plans
Goal
bull Students will be aware of the federal loan repayment options You will be able to
Locate federal repayment optionsIdentify the different repayment optionsDiscriminate between all of the repayment
optionsCompare the variables of each of the plansEvaluate the programs
You know what you owe what do you do nowbull Go to the Department of Education at httpsstudentaidedgovbull Choose ldquoHow to Repay Your Loansrdquo
Studentaidedgov
bull Tons of information at your finger tips
Studentaidedgov (cont)
bull Click on the ldquoFinding the Right Repayment Planrdquo option
Studentaidedgov (cont)bull Click the link on the
site to view all plansbull Click on the income-
driven link to view those plans
bull Choose Estimate Your Payments to use the calculator
Letrsquos Estimate Your Paymentbull The estimator will redirect you to studentloansgovbull You can log in with your FSA ID to use real data or
proceed and plug in your own numbers
Repayment Estimatorbull To proceed without logging inhellipbull Click the + sign to add loans or use average balances
Repayment Estimator (cont)
bull Add all of your loans First click on the black down arrow to choose type of loan
Repayment Estimator (cont)bull Choose the type and then enter the balance and interest
rate for that loan Click Add It will look like this
Repayment Estimator (cont)
bull Next use the black down arrow to choose your tax filing status Single is the default
Repayment Estimator (cont)bull Final steps input your AGI family size and statebull Click calculate results
Repayment Estimator -The results
Additional Repayment Estimator Results
$100000 Unsubsidized loan total at 55 interest rate
What ARE the plans
Important Notes
bull The estimator is just that an ESTIMATE of what your payments might be
bull You should contact your servicer to discuss your actual account
bull Repayment plans are determined by federal regulation therefore they can change What is available today may not be available when you graduate
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Standard Repaymentbull The default planbull Fixed payment amountbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay the least amount of interest over the life of the loan with
this planbull Graduated Repayment
bull Payments start lower and then increase usually every 2 yearsbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay more interest than with the Standard Plan
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Extended Repaymentbull Payments may be fixed or graduatedbull Up to 25 years to repay the loan bull For Direct Loan borrowers must owe more than $30000 to qualifybull Payments will be lower than with Standard or Graduated but you will
pay more interest over the life of the loanbull Income-Driven Repayment Plans
bull Currently 4 different plansbull Up to 20 or 25 years to repay the loan bull All borrowers are NOT eligiblebull Payments may be lower but you will pay more interest than with the
Standard Plan
Income-Driven Plansbull The Department of Education uses a percentage of your
discretionary income to determine repayment amounts
bull What IS discretionary income (per the Department of Ed)bull For Income-Based Repayment Pay As You Earn and loan rehabilitation
discretionary income is the difference between your income and 150 percent of the poverty guideline for your family size and state of residence
bull For Income-Contingent Repayment discretionary income is the difference between your income and 100 percent of the poverty guideline for your family size and state of residence
bull The poverty guidelines are maintained by the US Department of Health and Human Services and are available at wwwaspehhsgovpoverty
bull Income Driven Repayment Plans QampA
Discretionary Income Examplebull For a family of 2 150 of
the poverty guideline would be $16020 x 15 = $24030
bull If you make $45000 a year your discretionary income would be
bull 45000 ndash 24030 = $20970bull Your payment would be
roughly bull 20970 x 10 (10) =
$2097bull $2097 12 = $17475
Income-Driven Plans
bull Revised Pay As You Earn (REPAYE)bull Payments will be 10 of discretionary income Based on income
and family sizebull Payments recalculated each yearbull Payments may be higher than with the Standard Planbull If married spouse income and loans will be consideredbull Remaining balance after 20 (UNDG) or 25 (GRAD) years will be
forgiven (this may be TAXED)bull Interest benefit ndash If your determined payment does not cover the
interest amount that you are being charged each month the government will pay frac12 of the difference on Unsubsidized Loans
Income-Driven Plans (cont)
bull Pay As You Earn (PAYE)bull Payments will be 10 of discretionary income Based on income and
family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Remaining balance after 20 years will be forgiven (this may be
TAXED)bull MUST be a new borrower after Oct 1 2007 AND must have received
a Direct Loan disbursement on or after Oct 1 2011bull Must have high debt to income ratiobull Monthly payment will NEVER be more than the Standard Plan
Income-Driven Plans (cont)
bull Income-Based Repayment (IBR)bull Payments will be 10 for new borrowers (no outstanding Direct
Loan balance prior to July 1 2014)bull Payments will be 15 for those who are not new borrowersbull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered bull Borrower must have high debt to income ratiobull Monthly payment will NEVER be more than the standard planbull Remaining balance after 20 or 25 years will be forgiven (this may be
TAXED)
Income-Driven Plans (cont)bull Income-Contingent Repayment (ICR)
bull Payments will be 20 of discretionary income OR the amount you would pay on a repayment plan with a fixed payment over 12 years adjusted to your income (whichever is less)
bull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Any borrower with qualifying loan types is eligiblebull Monthly payment may be more than the standard planbull Remaining balance after 25 years will be forgiven (this may be
TAXED)
The Repayment Plans
bull Click here for a link to all of the repayment plans
bull Scroll down to see the ldquoOverview of Direct Loan and FFEL Repayment Plansrdquo
The Repayment Plans
bull Sample chart from Department of Education Income-Driven Repayment Plans for Federal Student Loans Handout
Income-Driven Plans
Rememberhellipbull Make sure your contact information is up to date with
your servicers and the Department of Educationbull Annually review the data for accuracybull Upon graduation contact your servicer to sign up for
the best plan for youbull If at ANY time you are having trouble making a
payment contact your servicer immediately Non-payments even for very valid reasons will impact your credit score and your current options for repayment
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Back to Main Menu
Direct Loan Repayment Plans
Goal
bull Students will be aware of the federal loan repayment options You will be able to
Locate federal repayment optionsIdentify the different repayment optionsDiscriminate between all of the repayment
optionsCompare the variables of each of the plansEvaluate the programs
You know what you owe what do you do nowbull Go to the Department of Education at httpsstudentaidedgovbull Choose ldquoHow to Repay Your Loansrdquo
Studentaidedgov
bull Tons of information at your finger tips
Studentaidedgov (cont)
bull Click on the ldquoFinding the Right Repayment Planrdquo option
Studentaidedgov (cont)bull Click the link on the
site to view all plansbull Click on the income-
driven link to view those plans
bull Choose Estimate Your Payments to use the calculator
Letrsquos Estimate Your Paymentbull The estimator will redirect you to studentloansgovbull You can log in with your FSA ID to use real data or
proceed and plug in your own numbers
Repayment Estimatorbull To proceed without logging inhellipbull Click the + sign to add loans or use average balances
Repayment Estimator (cont)
bull Add all of your loans First click on the black down arrow to choose type of loan
Repayment Estimator (cont)bull Choose the type and then enter the balance and interest
rate for that loan Click Add It will look like this
Repayment Estimator (cont)
bull Next use the black down arrow to choose your tax filing status Single is the default
Repayment Estimator (cont)bull Final steps input your AGI family size and statebull Click calculate results
Repayment Estimator -The results
Additional Repayment Estimator Results
$100000 Unsubsidized loan total at 55 interest rate
What ARE the plans
Important Notes
bull The estimator is just that an ESTIMATE of what your payments might be
bull You should contact your servicer to discuss your actual account
bull Repayment plans are determined by federal regulation therefore they can change What is available today may not be available when you graduate
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Standard Repaymentbull The default planbull Fixed payment amountbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay the least amount of interest over the life of the loan with
this planbull Graduated Repayment
bull Payments start lower and then increase usually every 2 yearsbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay more interest than with the Standard Plan
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Extended Repaymentbull Payments may be fixed or graduatedbull Up to 25 years to repay the loan bull For Direct Loan borrowers must owe more than $30000 to qualifybull Payments will be lower than with Standard or Graduated but you will
pay more interest over the life of the loanbull Income-Driven Repayment Plans
bull Currently 4 different plansbull Up to 20 or 25 years to repay the loan bull All borrowers are NOT eligiblebull Payments may be lower but you will pay more interest than with the
Standard Plan
Income-Driven Plansbull The Department of Education uses a percentage of your
discretionary income to determine repayment amounts
bull What IS discretionary income (per the Department of Ed)bull For Income-Based Repayment Pay As You Earn and loan rehabilitation
discretionary income is the difference between your income and 150 percent of the poverty guideline for your family size and state of residence
bull For Income-Contingent Repayment discretionary income is the difference between your income and 100 percent of the poverty guideline for your family size and state of residence
bull The poverty guidelines are maintained by the US Department of Health and Human Services and are available at wwwaspehhsgovpoverty
bull Income Driven Repayment Plans QampA
Discretionary Income Examplebull For a family of 2 150 of
the poverty guideline would be $16020 x 15 = $24030
bull If you make $45000 a year your discretionary income would be
bull 45000 ndash 24030 = $20970bull Your payment would be
roughly bull 20970 x 10 (10) =
$2097bull $2097 12 = $17475
Income-Driven Plans
bull Revised Pay As You Earn (REPAYE)bull Payments will be 10 of discretionary income Based on income
and family sizebull Payments recalculated each yearbull Payments may be higher than with the Standard Planbull If married spouse income and loans will be consideredbull Remaining balance after 20 (UNDG) or 25 (GRAD) years will be
forgiven (this may be TAXED)bull Interest benefit ndash If your determined payment does not cover the
interest amount that you are being charged each month the government will pay frac12 of the difference on Unsubsidized Loans
Income-Driven Plans (cont)
bull Pay As You Earn (PAYE)bull Payments will be 10 of discretionary income Based on income and
family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Remaining balance after 20 years will be forgiven (this may be
TAXED)bull MUST be a new borrower after Oct 1 2007 AND must have received
a Direct Loan disbursement on or after Oct 1 2011bull Must have high debt to income ratiobull Monthly payment will NEVER be more than the Standard Plan
Income-Driven Plans (cont)
bull Income-Based Repayment (IBR)bull Payments will be 10 for new borrowers (no outstanding Direct
Loan balance prior to July 1 2014)bull Payments will be 15 for those who are not new borrowersbull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered bull Borrower must have high debt to income ratiobull Monthly payment will NEVER be more than the standard planbull Remaining balance after 20 or 25 years will be forgiven (this may be
TAXED)
Income-Driven Plans (cont)bull Income-Contingent Repayment (ICR)
bull Payments will be 20 of discretionary income OR the amount you would pay on a repayment plan with a fixed payment over 12 years adjusted to your income (whichever is less)
bull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Any borrower with qualifying loan types is eligiblebull Monthly payment may be more than the standard planbull Remaining balance after 25 years will be forgiven (this may be
TAXED)
The Repayment Plans
bull Click here for a link to all of the repayment plans
bull Scroll down to see the ldquoOverview of Direct Loan and FFEL Repayment Plansrdquo
The Repayment Plans
bull Sample chart from Department of Education Income-Driven Repayment Plans for Federal Student Loans Handout
Income-Driven Plans
Rememberhellipbull Make sure your contact information is up to date with
your servicers and the Department of Educationbull Annually review the data for accuracybull Upon graduation contact your servicer to sign up for
the best plan for youbull If at ANY time you are having trouble making a
payment contact your servicer immediately Non-payments even for very valid reasons will impact your credit score and your current options for repayment
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Direct Loan Repayment Plans
Goal
bull Students will be aware of the federal loan repayment options You will be able to
Locate federal repayment optionsIdentify the different repayment optionsDiscriminate between all of the repayment
optionsCompare the variables of each of the plansEvaluate the programs
You know what you owe what do you do nowbull Go to the Department of Education at httpsstudentaidedgovbull Choose ldquoHow to Repay Your Loansrdquo
Studentaidedgov
bull Tons of information at your finger tips
Studentaidedgov (cont)
bull Click on the ldquoFinding the Right Repayment Planrdquo option
Studentaidedgov (cont)bull Click the link on the
site to view all plansbull Click on the income-
driven link to view those plans
bull Choose Estimate Your Payments to use the calculator
Letrsquos Estimate Your Paymentbull The estimator will redirect you to studentloansgovbull You can log in with your FSA ID to use real data or
proceed and plug in your own numbers
Repayment Estimatorbull To proceed without logging inhellipbull Click the + sign to add loans or use average balances
Repayment Estimator (cont)
bull Add all of your loans First click on the black down arrow to choose type of loan
Repayment Estimator (cont)bull Choose the type and then enter the balance and interest
rate for that loan Click Add It will look like this
Repayment Estimator (cont)
bull Next use the black down arrow to choose your tax filing status Single is the default
Repayment Estimator (cont)bull Final steps input your AGI family size and statebull Click calculate results
Repayment Estimator -The results
Additional Repayment Estimator Results
$100000 Unsubsidized loan total at 55 interest rate
What ARE the plans
Important Notes
bull The estimator is just that an ESTIMATE of what your payments might be
bull You should contact your servicer to discuss your actual account
bull Repayment plans are determined by federal regulation therefore they can change What is available today may not be available when you graduate
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Standard Repaymentbull The default planbull Fixed payment amountbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay the least amount of interest over the life of the loan with
this planbull Graduated Repayment
bull Payments start lower and then increase usually every 2 yearsbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay more interest than with the Standard Plan
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Extended Repaymentbull Payments may be fixed or graduatedbull Up to 25 years to repay the loan bull For Direct Loan borrowers must owe more than $30000 to qualifybull Payments will be lower than with Standard or Graduated but you will
pay more interest over the life of the loanbull Income-Driven Repayment Plans
bull Currently 4 different plansbull Up to 20 or 25 years to repay the loan bull All borrowers are NOT eligiblebull Payments may be lower but you will pay more interest than with the
Standard Plan
Income-Driven Plansbull The Department of Education uses a percentage of your
discretionary income to determine repayment amounts
bull What IS discretionary income (per the Department of Ed)bull For Income-Based Repayment Pay As You Earn and loan rehabilitation
discretionary income is the difference between your income and 150 percent of the poverty guideline for your family size and state of residence
bull For Income-Contingent Repayment discretionary income is the difference between your income and 100 percent of the poverty guideline for your family size and state of residence
bull The poverty guidelines are maintained by the US Department of Health and Human Services and are available at wwwaspehhsgovpoverty
bull Income Driven Repayment Plans QampA
Discretionary Income Examplebull For a family of 2 150 of
the poverty guideline would be $16020 x 15 = $24030
bull If you make $45000 a year your discretionary income would be
bull 45000 ndash 24030 = $20970bull Your payment would be
roughly bull 20970 x 10 (10) =
$2097bull $2097 12 = $17475
Income-Driven Plans
bull Revised Pay As You Earn (REPAYE)bull Payments will be 10 of discretionary income Based on income
and family sizebull Payments recalculated each yearbull Payments may be higher than with the Standard Planbull If married spouse income and loans will be consideredbull Remaining balance after 20 (UNDG) or 25 (GRAD) years will be
forgiven (this may be TAXED)bull Interest benefit ndash If your determined payment does not cover the
interest amount that you are being charged each month the government will pay frac12 of the difference on Unsubsidized Loans
Income-Driven Plans (cont)
bull Pay As You Earn (PAYE)bull Payments will be 10 of discretionary income Based on income and
family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Remaining balance after 20 years will be forgiven (this may be
TAXED)bull MUST be a new borrower after Oct 1 2007 AND must have received
a Direct Loan disbursement on or after Oct 1 2011bull Must have high debt to income ratiobull Monthly payment will NEVER be more than the Standard Plan
Income-Driven Plans (cont)
bull Income-Based Repayment (IBR)bull Payments will be 10 for new borrowers (no outstanding Direct
Loan balance prior to July 1 2014)bull Payments will be 15 for those who are not new borrowersbull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered bull Borrower must have high debt to income ratiobull Monthly payment will NEVER be more than the standard planbull Remaining balance after 20 or 25 years will be forgiven (this may be
TAXED)
Income-Driven Plans (cont)bull Income-Contingent Repayment (ICR)
bull Payments will be 20 of discretionary income OR the amount you would pay on a repayment plan with a fixed payment over 12 years adjusted to your income (whichever is less)
bull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Any borrower with qualifying loan types is eligiblebull Monthly payment may be more than the standard planbull Remaining balance after 25 years will be forgiven (this may be
TAXED)
The Repayment Plans
bull Click here for a link to all of the repayment plans
bull Scroll down to see the ldquoOverview of Direct Loan and FFEL Repayment Plansrdquo
The Repayment Plans
bull Sample chart from Department of Education Income-Driven Repayment Plans for Federal Student Loans Handout
Income-Driven Plans
Rememberhellipbull Make sure your contact information is up to date with
your servicers and the Department of Educationbull Annually review the data for accuracybull Upon graduation contact your servicer to sign up for
the best plan for youbull If at ANY time you are having trouble making a
payment contact your servicer immediately Non-payments even for very valid reasons will impact your credit score and your current options for repayment
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Goal
bull Students will be aware of the federal loan repayment options You will be able to
Locate federal repayment optionsIdentify the different repayment optionsDiscriminate between all of the repayment
optionsCompare the variables of each of the plansEvaluate the programs
You know what you owe what do you do nowbull Go to the Department of Education at httpsstudentaidedgovbull Choose ldquoHow to Repay Your Loansrdquo
Studentaidedgov
bull Tons of information at your finger tips
Studentaidedgov (cont)
bull Click on the ldquoFinding the Right Repayment Planrdquo option
Studentaidedgov (cont)bull Click the link on the
site to view all plansbull Click on the income-
driven link to view those plans
bull Choose Estimate Your Payments to use the calculator
Letrsquos Estimate Your Paymentbull The estimator will redirect you to studentloansgovbull You can log in with your FSA ID to use real data or
proceed and plug in your own numbers
Repayment Estimatorbull To proceed without logging inhellipbull Click the + sign to add loans or use average balances
Repayment Estimator (cont)
bull Add all of your loans First click on the black down arrow to choose type of loan
Repayment Estimator (cont)bull Choose the type and then enter the balance and interest
rate for that loan Click Add It will look like this
Repayment Estimator (cont)
bull Next use the black down arrow to choose your tax filing status Single is the default
Repayment Estimator (cont)bull Final steps input your AGI family size and statebull Click calculate results
Repayment Estimator -The results
Additional Repayment Estimator Results
$100000 Unsubsidized loan total at 55 interest rate
What ARE the plans
Important Notes
bull The estimator is just that an ESTIMATE of what your payments might be
bull You should contact your servicer to discuss your actual account
bull Repayment plans are determined by federal regulation therefore they can change What is available today may not be available when you graduate
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Standard Repaymentbull The default planbull Fixed payment amountbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay the least amount of interest over the life of the loan with
this planbull Graduated Repayment
bull Payments start lower and then increase usually every 2 yearsbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay more interest than with the Standard Plan
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Extended Repaymentbull Payments may be fixed or graduatedbull Up to 25 years to repay the loan bull For Direct Loan borrowers must owe more than $30000 to qualifybull Payments will be lower than with Standard or Graduated but you will
pay more interest over the life of the loanbull Income-Driven Repayment Plans
bull Currently 4 different plansbull Up to 20 or 25 years to repay the loan bull All borrowers are NOT eligiblebull Payments may be lower but you will pay more interest than with the
Standard Plan
Income-Driven Plansbull The Department of Education uses a percentage of your
discretionary income to determine repayment amounts
bull What IS discretionary income (per the Department of Ed)bull For Income-Based Repayment Pay As You Earn and loan rehabilitation
discretionary income is the difference between your income and 150 percent of the poverty guideline for your family size and state of residence
bull For Income-Contingent Repayment discretionary income is the difference between your income and 100 percent of the poverty guideline for your family size and state of residence
bull The poverty guidelines are maintained by the US Department of Health and Human Services and are available at wwwaspehhsgovpoverty
bull Income Driven Repayment Plans QampA
Discretionary Income Examplebull For a family of 2 150 of
the poverty guideline would be $16020 x 15 = $24030
bull If you make $45000 a year your discretionary income would be
bull 45000 ndash 24030 = $20970bull Your payment would be
roughly bull 20970 x 10 (10) =
$2097bull $2097 12 = $17475
Income-Driven Plans
bull Revised Pay As You Earn (REPAYE)bull Payments will be 10 of discretionary income Based on income
and family sizebull Payments recalculated each yearbull Payments may be higher than with the Standard Planbull If married spouse income and loans will be consideredbull Remaining balance after 20 (UNDG) or 25 (GRAD) years will be
forgiven (this may be TAXED)bull Interest benefit ndash If your determined payment does not cover the
interest amount that you are being charged each month the government will pay frac12 of the difference on Unsubsidized Loans
Income-Driven Plans (cont)
bull Pay As You Earn (PAYE)bull Payments will be 10 of discretionary income Based on income and
family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Remaining balance after 20 years will be forgiven (this may be
TAXED)bull MUST be a new borrower after Oct 1 2007 AND must have received
a Direct Loan disbursement on or after Oct 1 2011bull Must have high debt to income ratiobull Monthly payment will NEVER be more than the Standard Plan
Income-Driven Plans (cont)
bull Income-Based Repayment (IBR)bull Payments will be 10 for new borrowers (no outstanding Direct
Loan balance prior to July 1 2014)bull Payments will be 15 for those who are not new borrowersbull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered bull Borrower must have high debt to income ratiobull Monthly payment will NEVER be more than the standard planbull Remaining balance after 20 or 25 years will be forgiven (this may be
TAXED)
Income-Driven Plans (cont)bull Income-Contingent Repayment (ICR)
bull Payments will be 20 of discretionary income OR the amount you would pay on a repayment plan with a fixed payment over 12 years adjusted to your income (whichever is less)
bull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Any borrower with qualifying loan types is eligiblebull Monthly payment may be more than the standard planbull Remaining balance after 25 years will be forgiven (this may be
TAXED)
The Repayment Plans
bull Click here for a link to all of the repayment plans
bull Scroll down to see the ldquoOverview of Direct Loan and FFEL Repayment Plansrdquo
The Repayment Plans
bull Sample chart from Department of Education Income-Driven Repayment Plans for Federal Student Loans Handout
Income-Driven Plans
Rememberhellipbull Make sure your contact information is up to date with
your servicers and the Department of Educationbull Annually review the data for accuracybull Upon graduation contact your servicer to sign up for
the best plan for youbull If at ANY time you are having trouble making a
payment contact your servicer immediately Non-payments even for very valid reasons will impact your credit score and your current options for repayment
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
You know what you owe what do you do nowbull Go to the Department of Education at httpsstudentaidedgovbull Choose ldquoHow to Repay Your Loansrdquo
Studentaidedgov
bull Tons of information at your finger tips
Studentaidedgov (cont)
bull Click on the ldquoFinding the Right Repayment Planrdquo option
Studentaidedgov (cont)bull Click the link on the
site to view all plansbull Click on the income-
driven link to view those plans
bull Choose Estimate Your Payments to use the calculator
Letrsquos Estimate Your Paymentbull The estimator will redirect you to studentloansgovbull You can log in with your FSA ID to use real data or
proceed and plug in your own numbers
Repayment Estimatorbull To proceed without logging inhellipbull Click the + sign to add loans or use average balances
Repayment Estimator (cont)
bull Add all of your loans First click on the black down arrow to choose type of loan
Repayment Estimator (cont)bull Choose the type and then enter the balance and interest
rate for that loan Click Add It will look like this
Repayment Estimator (cont)
bull Next use the black down arrow to choose your tax filing status Single is the default
Repayment Estimator (cont)bull Final steps input your AGI family size and statebull Click calculate results
Repayment Estimator -The results
Additional Repayment Estimator Results
$100000 Unsubsidized loan total at 55 interest rate
What ARE the plans
Important Notes
bull The estimator is just that an ESTIMATE of what your payments might be
bull You should contact your servicer to discuss your actual account
bull Repayment plans are determined by federal regulation therefore they can change What is available today may not be available when you graduate
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Standard Repaymentbull The default planbull Fixed payment amountbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay the least amount of interest over the life of the loan with
this planbull Graduated Repayment
bull Payments start lower and then increase usually every 2 yearsbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay more interest than with the Standard Plan
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Extended Repaymentbull Payments may be fixed or graduatedbull Up to 25 years to repay the loan bull For Direct Loan borrowers must owe more than $30000 to qualifybull Payments will be lower than with Standard or Graduated but you will
pay more interest over the life of the loanbull Income-Driven Repayment Plans
bull Currently 4 different plansbull Up to 20 or 25 years to repay the loan bull All borrowers are NOT eligiblebull Payments may be lower but you will pay more interest than with the
Standard Plan
Income-Driven Plansbull The Department of Education uses a percentage of your
discretionary income to determine repayment amounts
bull What IS discretionary income (per the Department of Ed)bull For Income-Based Repayment Pay As You Earn and loan rehabilitation
discretionary income is the difference between your income and 150 percent of the poverty guideline for your family size and state of residence
bull For Income-Contingent Repayment discretionary income is the difference between your income and 100 percent of the poverty guideline for your family size and state of residence
bull The poverty guidelines are maintained by the US Department of Health and Human Services and are available at wwwaspehhsgovpoverty
bull Income Driven Repayment Plans QampA
Discretionary Income Examplebull For a family of 2 150 of
the poverty guideline would be $16020 x 15 = $24030
bull If you make $45000 a year your discretionary income would be
bull 45000 ndash 24030 = $20970bull Your payment would be
roughly bull 20970 x 10 (10) =
$2097bull $2097 12 = $17475
Income-Driven Plans
bull Revised Pay As You Earn (REPAYE)bull Payments will be 10 of discretionary income Based on income
and family sizebull Payments recalculated each yearbull Payments may be higher than with the Standard Planbull If married spouse income and loans will be consideredbull Remaining balance after 20 (UNDG) or 25 (GRAD) years will be
forgiven (this may be TAXED)bull Interest benefit ndash If your determined payment does not cover the
interest amount that you are being charged each month the government will pay frac12 of the difference on Unsubsidized Loans
Income-Driven Plans (cont)
bull Pay As You Earn (PAYE)bull Payments will be 10 of discretionary income Based on income and
family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Remaining balance after 20 years will be forgiven (this may be
TAXED)bull MUST be a new borrower after Oct 1 2007 AND must have received
a Direct Loan disbursement on or after Oct 1 2011bull Must have high debt to income ratiobull Monthly payment will NEVER be more than the Standard Plan
Income-Driven Plans (cont)
bull Income-Based Repayment (IBR)bull Payments will be 10 for new borrowers (no outstanding Direct
Loan balance prior to July 1 2014)bull Payments will be 15 for those who are not new borrowersbull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered bull Borrower must have high debt to income ratiobull Monthly payment will NEVER be more than the standard planbull Remaining balance after 20 or 25 years will be forgiven (this may be
TAXED)
Income-Driven Plans (cont)bull Income-Contingent Repayment (ICR)
bull Payments will be 20 of discretionary income OR the amount you would pay on a repayment plan with a fixed payment over 12 years adjusted to your income (whichever is less)
bull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Any borrower with qualifying loan types is eligiblebull Monthly payment may be more than the standard planbull Remaining balance after 25 years will be forgiven (this may be
TAXED)
The Repayment Plans
bull Click here for a link to all of the repayment plans
bull Scroll down to see the ldquoOverview of Direct Loan and FFEL Repayment Plansrdquo
The Repayment Plans
bull Sample chart from Department of Education Income-Driven Repayment Plans for Federal Student Loans Handout
Income-Driven Plans
Rememberhellipbull Make sure your contact information is up to date with
your servicers and the Department of Educationbull Annually review the data for accuracybull Upon graduation contact your servicer to sign up for
the best plan for youbull If at ANY time you are having trouble making a
payment contact your servicer immediately Non-payments even for very valid reasons will impact your credit score and your current options for repayment
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Studentaidedgov
bull Tons of information at your finger tips
Studentaidedgov (cont)
bull Click on the ldquoFinding the Right Repayment Planrdquo option
Studentaidedgov (cont)bull Click the link on the
site to view all plansbull Click on the income-
driven link to view those plans
bull Choose Estimate Your Payments to use the calculator
Letrsquos Estimate Your Paymentbull The estimator will redirect you to studentloansgovbull You can log in with your FSA ID to use real data or
proceed and plug in your own numbers
Repayment Estimatorbull To proceed without logging inhellipbull Click the + sign to add loans or use average balances
Repayment Estimator (cont)
bull Add all of your loans First click on the black down arrow to choose type of loan
Repayment Estimator (cont)bull Choose the type and then enter the balance and interest
rate for that loan Click Add It will look like this
Repayment Estimator (cont)
bull Next use the black down arrow to choose your tax filing status Single is the default
Repayment Estimator (cont)bull Final steps input your AGI family size and statebull Click calculate results
Repayment Estimator -The results
Additional Repayment Estimator Results
$100000 Unsubsidized loan total at 55 interest rate
What ARE the plans
Important Notes
bull The estimator is just that an ESTIMATE of what your payments might be
bull You should contact your servicer to discuss your actual account
bull Repayment plans are determined by federal regulation therefore they can change What is available today may not be available when you graduate
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Standard Repaymentbull The default planbull Fixed payment amountbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay the least amount of interest over the life of the loan with
this planbull Graduated Repayment
bull Payments start lower and then increase usually every 2 yearsbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay more interest than with the Standard Plan
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Extended Repaymentbull Payments may be fixed or graduatedbull Up to 25 years to repay the loan bull For Direct Loan borrowers must owe more than $30000 to qualifybull Payments will be lower than with Standard or Graduated but you will
pay more interest over the life of the loanbull Income-Driven Repayment Plans
bull Currently 4 different plansbull Up to 20 or 25 years to repay the loan bull All borrowers are NOT eligiblebull Payments may be lower but you will pay more interest than with the
Standard Plan
Income-Driven Plansbull The Department of Education uses a percentage of your
discretionary income to determine repayment amounts
bull What IS discretionary income (per the Department of Ed)bull For Income-Based Repayment Pay As You Earn and loan rehabilitation
discretionary income is the difference between your income and 150 percent of the poverty guideline for your family size and state of residence
bull For Income-Contingent Repayment discretionary income is the difference between your income and 100 percent of the poverty guideline for your family size and state of residence
bull The poverty guidelines are maintained by the US Department of Health and Human Services and are available at wwwaspehhsgovpoverty
bull Income Driven Repayment Plans QampA
Discretionary Income Examplebull For a family of 2 150 of
the poverty guideline would be $16020 x 15 = $24030
bull If you make $45000 a year your discretionary income would be
bull 45000 ndash 24030 = $20970bull Your payment would be
roughly bull 20970 x 10 (10) =
$2097bull $2097 12 = $17475
Income-Driven Plans
bull Revised Pay As You Earn (REPAYE)bull Payments will be 10 of discretionary income Based on income
and family sizebull Payments recalculated each yearbull Payments may be higher than with the Standard Planbull If married spouse income and loans will be consideredbull Remaining balance after 20 (UNDG) or 25 (GRAD) years will be
forgiven (this may be TAXED)bull Interest benefit ndash If your determined payment does not cover the
interest amount that you are being charged each month the government will pay frac12 of the difference on Unsubsidized Loans
Income-Driven Plans (cont)
bull Pay As You Earn (PAYE)bull Payments will be 10 of discretionary income Based on income and
family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Remaining balance after 20 years will be forgiven (this may be
TAXED)bull MUST be a new borrower after Oct 1 2007 AND must have received
a Direct Loan disbursement on or after Oct 1 2011bull Must have high debt to income ratiobull Monthly payment will NEVER be more than the Standard Plan
Income-Driven Plans (cont)
bull Income-Based Repayment (IBR)bull Payments will be 10 for new borrowers (no outstanding Direct
Loan balance prior to July 1 2014)bull Payments will be 15 for those who are not new borrowersbull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered bull Borrower must have high debt to income ratiobull Monthly payment will NEVER be more than the standard planbull Remaining balance after 20 or 25 years will be forgiven (this may be
TAXED)
Income-Driven Plans (cont)bull Income-Contingent Repayment (ICR)
bull Payments will be 20 of discretionary income OR the amount you would pay on a repayment plan with a fixed payment over 12 years adjusted to your income (whichever is less)
bull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Any borrower with qualifying loan types is eligiblebull Monthly payment may be more than the standard planbull Remaining balance after 25 years will be forgiven (this may be
TAXED)
The Repayment Plans
bull Click here for a link to all of the repayment plans
bull Scroll down to see the ldquoOverview of Direct Loan and FFEL Repayment Plansrdquo
The Repayment Plans
bull Sample chart from Department of Education Income-Driven Repayment Plans for Federal Student Loans Handout
Income-Driven Plans
Rememberhellipbull Make sure your contact information is up to date with
your servicers and the Department of Educationbull Annually review the data for accuracybull Upon graduation contact your servicer to sign up for
the best plan for youbull If at ANY time you are having trouble making a
payment contact your servicer immediately Non-payments even for very valid reasons will impact your credit score and your current options for repayment
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Studentaidedgov (cont)
bull Click on the ldquoFinding the Right Repayment Planrdquo option
Studentaidedgov (cont)bull Click the link on the
site to view all plansbull Click on the income-
driven link to view those plans
bull Choose Estimate Your Payments to use the calculator
Letrsquos Estimate Your Paymentbull The estimator will redirect you to studentloansgovbull You can log in with your FSA ID to use real data or
proceed and plug in your own numbers
Repayment Estimatorbull To proceed without logging inhellipbull Click the + sign to add loans or use average balances
Repayment Estimator (cont)
bull Add all of your loans First click on the black down arrow to choose type of loan
Repayment Estimator (cont)bull Choose the type and then enter the balance and interest
rate for that loan Click Add It will look like this
Repayment Estimator (cont)
bull Next use the black down arrow to choose your tax filing status Single is the default
Repayment Estimator (cont)bull Final steps input your AGI family size and statebull Click calculate results
Repayment Estimator -The results
Additional Repayment Estimator Results
$100000 Unsubsidized loan total at 55 interest rate
What ARE the plans
Important Notes
bull The estimator is just that an ESTIMATE of what your payments might be
bull You should contact your servicer to discuss your actual account
bull Repayment plans are determined by federal regulation therefore they can change What is available today may not be available when you graduate
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Standard Repaymentbull The default planbull Fixed payment amountbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay the least amount of interest over the life of the loan with
this planbull Graduated Repayment
bull Payments start lower and then increase usually every 2 yearsbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay more interest than with the Standard Plan
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Extended Repaymentbull Payments may be fixed or graduatedbull Up to 25 years to repay the loan bull For Direct Loan borrowers must owe more than $30000 to qualifybull Payments will be lower than with Standard or Graduated but you will
pay more interest over the life of the loanbull Income-Driven Repayment Plans
bull Currently 4 different plansbull Up to 20 or 25 years to repay the loan bull All borrowers are NOT eligiblebull Payments may be lower but you will pay more interest than with the
Standard Plan
Income-Driven Plansbull The Department of Education uses a percentage of your
discretionary income to determine repayment amounts
bull What IS discretionary income (per the Department of Ed)bull For Income-Based Repayment Pay As You Earn and loan rehabilitation
discretionary income is the difference between your income and 150 percent of the poverty guideline for your family size and state of residence
bull For Income-Contingent Repayment discretionary income is the difference between your income and 100 percent of the poverty guideline for your family size and state of residence
bull The poverty guidelines are maintained by the US Department of Health and Human Services and are available at wwwaspehhsgovpoverty
bull Income Driven Repayment Plans QampA
Discretionary Income Examplebull For a family of 2 150 of
the poverty guideline would be $16020 x 15 = $24030
bull If you make $45000 a year your discretionary income would be
bull 45000 ndash 24030 = $20970bull Your payment would be
roughly bull 20970 x 10 (10) =
$2097bull $2097 12 = $17475
Income-Driven Plans
bull Revised Pay As You Earn (REPAYE)bull Payments will be 10 of discretionary income Based on income
and family sizebull Payments recalculated each yearbull Payments may be higher than with the Standard Planbull If married spouse income and loans will be consideredbull Remaining balance after 20 (UNDG) or 25 (GRAD) years will be
forgiven (this may be TAXED)bull Interest benefit ndash If your determined payment does not cover the
interest amount that you are being charged each month the government will pay frac12 of the difference on Unsubsidized Loans
Income-Driven Plans (cont)
bull Pay As You Earn (PAYE)bull Payments will be 10 of discretionary income Based on income and
family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Remaining balance after 20 years will be forgiven (this may be
TAXED)bull MUST be a new borrower after Oct 1 2007 AND must have received
a Direct Loan disbursement on or after Oct 1 2011bull Must have high debt to income ratiobull Monthly payment will NEVER be more than the Standard Plan
Income-Driven Plans (cont)
bull Income-Based Repayment (IBR)bull Payments will be 10 for new borrowers (no outstanding Direct
Loan balance prior to July 1 2014)bull Payments will be 15 for those who are not new borrowersbull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered bull Borrower must have high debt to income ratiobull Monthly payment will NEVER be more than the standard planbull Remaining balance after 20 or 25 years will be forgiven (this may be
TAXED)
Income-Driven Plans (cont)bull Income-Contingent Repayment (ICR)
bull Payments will be 20 of discretionary income OR the amount you would pay on a repayment plan with a fixed payment over 12 years adjusted to your income (whichever is less)
bull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Any borrower with qualifying loan types is eligiblebull Monthly payment may be more than the standard planbull Remaining balance after 25 years will be forgiven (this may be
TAXED)
The Repayment Plans
bull Click here for a link to all of the repayment plans
bull Scroll down to see the ldquoOverview of Direct Loan and FFEL Repayment Plansrdquo
The Repayment Plans
bull Sample chart from Department of Education Income-Driven Repayment Plans for Federal Student Loans Handout
Income-Driven Plans
Rememberhellipbull Make sure your contact information is up to date with
your servicers and the Department of Educationbull Annually review the data for accuracybull Upon graduation contact your servicer to sign up for
the best plan for youbull If at ANY time you are having trouble making a
payment contact your servicer immediately Non-payments even for very valid reasons will impact your credit score and your current options for repayment
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Studentaidedgov (cont)bull Click the link on the
site to view all plansbull Click on the income-
driven link to view those plans
bull Choose Estimate Your Payments to use the calculator
Letrsquos Estimate Your Paymentbull The estimator will redirect you to studentloansgovbull You can log in with your FSA ID to use real data or
proceed and plug in your own numbers
Repayment Estimatorbull To proceed without logging inhellipbull Click the + sign to add loans or use average balances
Repayment Estimator (cont)
bull Add all of your loans First click on the black down arrow to choose type of loan
Repayment Estimator (cont)bull Choose the type and then enter the balance and interest
rate for that loan Click Add It will look like this
Repayment Estimator (cont)
bull Next use the black down arrow to choose your tax filing status Single is the default
Repayment Estimator (cont)bull Final steps input your AGI family size and statebull Click calculate results
Repayment Estimator -The results
Additional Repayment Estimator Results
$100000 Unsubsidized loan total at 55 interest rate
What ARE the plans
Important Notes
bull The estimator is just that an ESTIMATE of what your payments might be
bull You should contact your servicer to discuss your actual account
bull Repayment plans are determined by federal regulation therefore they can change What is available today may not be available when you graduate
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Standard Repaymentbull The default planbull Fixed payment amountbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay the least amount of interest over the life of the loan with
this planbull Graduated Repayment
bull Payments start lower and then increase usually every 2 yearsbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay more interest than with the Standard Plan
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Extended Repaymentbull Payments may be fixed or graduatedbull Up to 25 years to repay the loan bull For Direct Loan borrowers must owe more than $30000 to qualifybull Payments will be lower than with Standard or Graduated but you will
pay more interest over the life of the loanbull Income-Driven Repayment Plans
bull Currently 4 different plansbull Up to 20 or 25 years to repay the loan bull All borrowers are NOT eligiblebull Payments may be lower but you will pay more interest than with the
Standard Plan
Income-Driven Plansbull The Department of Education uses a percentage of your
discretionary income to determine repayment amounts
bull What IS discretionary income (per the Department of Ed)bull For Income-Based Repayment Pay As You Earn and loan rehabilitation
discretionary income is the difference between your income and 150 percent of the poverty guideline for your family size and state of residence
bull For Income-Contingent Repayment discretionary income is the difference between your income and 100 percent of the poverty guideline for your family size and state of residence
bull The poverty guidelines are maintained by the US Department of Health and Human Services and are available at wwwaspehhsgovpoverty
bull Income Driven Repayment Plans QampA
Discretionary Income Examplebull For a family of 2 150 of
the poverty guideline would be $16020 x 15 = $24030
bull If you make $45000 a year your discretionary income would be
bull 45000 ndash 24030 = $20970bull Your payment would be
roughly bull 20970 x 10 (10) =
$2097bull $2097 12 = $17475
Income-Driven Plans
bull Revised Pay As You Earn (REPAYE)bull Payments will be 10 of discretionary income Based on income
and family sizebull Payments recalculated each yearbull Payments may be higher than with the Standard Planbull If married spouse income and loans will be consideredbull Remaining balance after 20 (UNDG) or 25 (GRAD) years will be
forgiven (this may be TAXED)bull Interest benefit ndash If your determined payment does not cover the
interest amount that you are being charged each month the government will pay frac12 of the difference on Unsubsidized Loans
Income-Driven Plans (cont)
bull Pay As You Earn (PAYE)bull Payments will be 10 of discretionary income Based on income and
family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Remaining balance after 20 years will be forgiven (this may be
TAXED)bull MUST be a new borrower after Oct 1 2007 AND must have received
a Direct Loan disbursement on or after Oct 1 2011bull Must have high debt to income ratiobull Monthly payment will NEVER be more than the Standard Plan
Income-Driven Plans (cont)
bull Income-Based Repayment (IBR)bull Payments will be 10 for new borrowers (no outstanding Direct
Loan balance prior to July 1 2014)bull Payments will be 15 for those who are not new borrowersbull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered bull Borrower must have high debt to income ratiobull Monthly payment will NEVER be more than the standard planbull Remaining balance after 20 or 25 years will be forgiven (this may be
TAXED)
Income-Driven Plans (cont)bull Income-Contingent Repayment (ICR)
bull Payments will be 20 of discretionary income OR the amount you would pay on a repayment plan with a fixed payment over 12 years adjusted to your income (whichever is less)
bull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Any borrower with qualifying loan types is eligiblebull Monthly payment may be more than the standard planbull Remaining balance after 25 years will be forgiven (this may be
TAXED)
The Repayment Plans
bull Click here for a link to all of the repayment plans
bull Scroll down to see the ldquoOverview of Direct Loan and FFEL Repayment Plansrdquo
The Repayment Plans
bull Sample chart from Department of Education Income-Driven Repayment Plans for Federal Student Loans Handout
Income-Driven Plans
Rememberhellipbull Make sure your contact information is up to date with
your servicers and the Department of Educationbull Annually review the data for accuracybull Upon graduation contact your servicer to sign up for
the best plan for youbull If at ANY time you are having trouble making a
payment contact your servicer immediately Non-payments even for very valid reasons will impact your credit score and your current options for repayment
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Letrsquos Estimate Your Paymentbull The estimator will redirect you to studentloansgovbull You can log in with your FSA ID to use real data or
proceed and plug in your own numbers
Repayment Estimatorbull To proceed without logging inhellipbull Click the + sign to add loans or use average balances
Repayment Estimator (cont)
bull Add all of your loans First click on the black down arrow to choose type of loan
Repayment Estimator (cont)bull Choose the type and then enter the balance and interest
rate for that loan Click Add It will look like this
Repayment Estimator (cont)
bull Next use the black down arrow to choose your tax filing status Single is the default
Repayment Estimator (cont)bull Final steps input your AGI family size and statebull Click calculate results
Repayment Estimator -The results
Additional Repayment Estimator Results
$100000 Unsubsidized loan total at 55 interest rate
What ARE the plans
Important Notes
bull The estimator is just that an ESTIMATE of what your payments might be
bull You should contact your servicer to discuss your actual account
bull Repayment plans are determined by federal regulation therefore they can change What is available today may not be available when you graduate
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Standard Repaymentbull The default planbull Fixed payment amountbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay the least amount of interest over the life of the loan with
this planbull Graduated Repayment
bull Payments start lower and then increase usually every 2 yearsbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay more interest than with the Standard Plan
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Extended Repaymentbull Payments may be fixed or graduatedbull Up to 25 years to repay the loan bull For Direct Loan borrowers must owe more than $30000 to qualifybull Payments will be lower than with Standard or Graduated but you will
pay more interest over the life of the loanbull Income-Driven Repayment Plans
bull Currently 4 different plansbull Up to 20 or 25 years to repay the loan bull All borrowers are NOT eligiblebull Payments may be lower but you will pay more interest than with the
Standard Plan
Income-Driven Plansbull The Department of Education uses a percentage of your
discretionary income to determine repayment amounts
bull What IS discretionary income (per the Department of Ed)bull For Income-Based Repayment Pay As You Earn and loan rehabilitation
discretionary income is the difference between your income and 150 percent of the poverty guideline for your family size and state of residence
bull For Income-Contingent Repayment discretionary income is the difference between your income and 100 percent of the poverty guideline for your family size and state of residence
bull The poverty guidelines are maintained by the US Department of Health and Human Services and are available at wwwaspehhsgovpoverty
bull Income Driven Repayment Plans QampA
Discretionary Income Examplebull For a family of 2 150 of
the poverty guideline would be $16020 x 15 = $24030
bull If you make $45000 a year your discretionary income would be
bull 45000 ndash 24030 = $20970bull Your payment would be
roughly bull 20970 x 10 (10) =
$2097bull $2097 12 = $17475
Income-Driven Plans
bull Revised Pay As You Earn (REPAYE)bull Payments will be 10 of discretionary income Based on income
and family sizebull Payments recalculated each yearbull Payments may be higher than with the Standard Planbull If married spouse income and loans will be consideredbull Remaining balance after 20 (UNDG) or 25 (GRAD) years will be
forgiven (this may be TAXED)bull Interest benefit ndash If your determined payment does not cover the
interest amount that you are being charged each month the government will pay frac12 of the difference on Unsubsidized Loans
Income-Driven Plans (cont)
bull Pay As You Earn (PAYE)bull Payments will be 10 of discretionary income Based on income and
family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Remaining balance after 20 years will be forgiven (this may be
TAXED)bull MUST be a new borrower after Oct 1 2007 AND must have received
a Direct Loan disbursement on or after Oct 1 2011bull Must have high debt to income ratiobull Monthly payment will NEVER be more than the Standard Plan
Income-Driven Plans (cont)
bull Income-Based Repayment (IBR)bull Payments will be 10 for new borrowers (no outstanding Direct
Loan balance prior to July 1 2014)bull Payments will be 15 for those who are not new borrowersbull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered bull Borrower must have high debt to income ratiobull Monthly payment will NEVER be more than the standard planbull Remaining balance after 20 or 25 years will be forgiven (this may be
TAXED)
Income-Driven Plans (cont)bull Income-Contingent Repayment (ICR)
bull Payments will be 20 of discretionary income OR the amount you would pay on a repayment plan with a fixed payment over 12 years adjusted to your income (whichever is less)
bull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Any borrower with qualifying loan types is eligiblebull Monthly payment may be more than the standard planbull Remaining balance after 25 years will be forgiven (this may be
TAXED)
The Repayment Plans
bull Click here for a link to all of the repayment plans
bull Scroll down to see the ldquoOverview of Direct Loan and FFEL Repayment Plansrdquo
The Repayment Plans
bull Sample chart from Department of Education Income-Driven Repayment Plans for Federal Student Loans Handout
Income-Driven Plans
Rememberhellipbull Make sure your contact information is up to date with
your servicers and the Department of Educationbull Annually review the data for accuracybull Upon graduation contact your servicer to sign up for
the best plan for youbull If at ANY time you are having trouble making a
payment contact your servicer immediately Non-payments even for very valid reasons will impact your credit score and your current options for repayment
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Repayment Estimatorbull To proceed without logging inhellipbull Click the + sign to add loans or use average balances
Repayment Estimator (cont)
bull Add all of your loans First click on the black down arrow to choose type of loan
Repayment Estimator (cont)bull Choose the type and then enter the balance and interest
rate for that loan Click Add It will look like this
Repayment Estimator (cont)
bull Next use the black down arrow to choose your tax filing status Single is the default
Repayment Estimator (cont)bull Final steps input your AGI family size and statebull Click calculate results
Repayment Estimator -The results
Additional Repayment Estimator Results
$100000 Unsubsidized loan total at 55 interest rate
What ARE the plans
Important Notes
bull The estimator is just that an ESTIMATE of what your payments might be
bull You should contact your servicer to discuss your actual account
bull Repayment plans are determined by federal regulation therefore they can change What is available today may not be available when you graduate
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Standard Repaymentbull The default planbull Fixed payment amountbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay the least amount of interest over the life of the loan with
this planbull Graduated Repayment
bull Payments start lower and then increase usually every 2 yearsbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay more interest than with the Standard Plan
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Extended Repaymentbull Payments may be fixed or graduatedbull Up to 25 years to repay the loan bull For Direct Loan borrowers must owe more than $30000 to qualifybull Payments will be lower than with Standard or Graduated but you will
pay more interest over the life of the loanbull Income-Driven Repayment Plans
bull Currently 4 different plansbull Up to 20 or 25 years to repay the loan bull All borrowers are NOT eligiblebull Payments may be lower but you will pay more interest than with the
Standard Plan
Income-Driven Plansbull The Department of Education uses a percentage of your
discretionary income to determine repayment amounts
bull What IS discretionary income (per the Department of Ed)bull For Income-Based Repayment Pay As You Earn and loan rehabilitation
discretionary income is the difference between your income and 150 percent of the poverty guideline for your family size and state of residence
bull For Income-Contingent Repayment discretionary income is the difference between your income and 100 percent of the poverty guideline for your family size and state of residence
bull The poverty guidelines are maintained by the US Department of Health and Human Services and are available at wwwaspehhsgovpoverty
bull Income Driven Repayment Plans QampA
Discretionary Income Examplebull For a family of 2 150 of
the poverty guideline would be $16020 x 15 = $24030
bull If you make $45000 a year your discretionary income would be
bull 45000 ndash 24030 = $20970bull Your payment would be
roughly bull 20970 x 10 (10) =
$2097bull $2097 12 = $17475
Income-Driven Plans
bull Revised Pay As You Earn (REPAYE)bull Payments will be 10 of discretionary income Based on income
and family sizebull Payments recalculated each yearbull Payments may be higher than with the Standard Planbull If married spouse income and loans will be consideredbull Remaining balance after 20 (UNDG) or 25 (GRAD) years will be
forgiven (this may be TAXED)bull Interest benefit ndash If your determined payment does not cover the
interest amount that you are being charged each month the government will pay frac12 of the difference on Unsubsidized Loans
Income-Driven Plans (cont)
bull Pay As You Earn (PAYE)bull Payments will be 10 of discretionary income Based on income and
family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Remaining balance after 20 years will be forgiven (this may be
TAXED)bull MUST be a new borrower after Oct 1 2007 AND must have received
a Direct Loan disbursement on or after Oct 1 2011bull Must have high debt to income ratiobull Monthly payment will NEVER be more than the Standard Plan
Income-Driven Plans (cont)
bull Income-Based Repayment (IBR)bull Payments will be 10 for new borrowers (no outstanding Direct
Loan balance prior to July 1 2014)bull Payments will be 15 for those who are not new borrowersbull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered bull Borrower must have high debt to income ratiobull Monthly payment will NEVER be more than the standard planbull Remaining balance after 20 or 25 years will be forgiven (this may be
TAXED)
Income-Driven Plans (cont)bull Income-Contingent Repayment (ICR)
bull Payments will be 20 of discretionary income OR the amount you would pay on a repayment plan with a fixed payment over 12 years adjusted to your income (whichever is less)
bull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Any borrower with qualifying loan types is eligiblebull Monthly payment may be more than the standard planbull Remaining balance after 25 years will be forgiven (this may be
TAXED)
The Repayment Plans
bull Click here for a link to all of the repayment plans
bull Scroll down to see the ldquoOverview of Direct Loan and FFEL Repayment Plansrdquo
The Repayment Plans
bull Sample chart from Department of Education Income-Driven Repayment Plans for Federal Student Loans Handout
Income-Driven Plans
Rememberhellipbull Make sure your contact information is up to date with
your servicers and the Department of Educationbull Annually review the data for accuracybull Upon graduation contact your servicer to sign up for
the best plan for youbull If at ANY time you are having trouble making a
payment contact your servicer immediately Non-payments even for very valid reasons will impact your credit score and your current options for repayment
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Repayment Estimator (cont)
bull Add all of your loans First click on the black down arrow to choose type of loan
Repayment Estimator (cont)bull Choose the type and then enter the balance and interest
rate for that loan Click Add It will look like this
Repayment Estimator (cont)
bull Next use the black down arrow to choose your tax filing status Single is the default
Repayment Estimator (cont)bull Final steps input your AGI family size and statebull Click calculate results
Repayment Estimator -The results
Additional Repayment Estimator Results
$100000 Unsubsidized loan total at 55 interest rate
What ARE the plans
Important Notes
bull The estimator is just that an ESTIMATE of what your payments might be
bull You should contact your servicer to discuss your actual account
bull Repayment plans are determined by federal regulation therefore they can change What is available today may not be available when you graduate
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Standard Repaymentbull The default planbull Fixed payment amountbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay the least amount of interest over the life of the loan with
this planbull Graduated Repayment
bull Payments start lower and then increase usually every 2 yearsbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay more interest than with the Standard Plan
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Extended Repaymentbull Payments may be fixed or graduatedbull Up to 25 years to repay the loan bull For Direct Loan borrowers must owe more than $30000 to qualifybull Payments will be lower than with Standard or Graduated but you will
pay more interest over the life of the loanbull Income-Driven Repayment Plans
bull Currently 4 different plansbull Up to 20 or 25 years to repay the loan bull All borrowers are NOT eligiblebull Payments may be lower but you will pay more interest than with the
Standard Plan
Income-Driven Plansbull The Department of Education uses a percentage of your
discretionary income to determine repayment amounts
bull What IS discretionary income (per the Department of Ed)bull For Income-Based Repayment Pay As You Earn and loan rehabilitation
discretionary income is the difference between your income and 150 percent of the poverty guideline for your family size and state of residence
bull For Income-Contingent Repayment discretionary income is the difference between your income and 100 percent of the poverty guideline for your family size and state of residence
bull The poverty guidelines are maintained by the US Department of Health and Human Services and are available at wwwaspehhsgovpoverty
bull Income Driven Repayment Plans QampA
Discretionary Income Examplebull For a family of 2 150 of
the poverty guideline would be $16020 x 15 = $24030
bull If you make $45000 a year your discretionary income would be
bull 45000 ndash 24030 = $20970bull Your payment would be
roughly bull 20970 x 10 (10) =
$2097bull $2097 12 = $17475
Income-Driven Plans
bull Revised Pay As You Earn (REPAYE)bull Payments will be 10 of discretionary income Based on income
and family sizebull Payments recalculated each yearbull Payments may be higher than with the Standard Planbull If married spouse income and loans will be consideredbull Remaining balance after 20 (UNDG) or 25 (GRAD) years will be
forgiven (this may be TAXED)bull Interest benefit ndash If your determined payment does not cover the
interest amount that you are being charged each month the government will pay frac12 of the difference on Unsubsidized Loans
Income-Driven Plans (cont)
bull Pay As You Earn (PAYE)bull Payments will be 10 of discretionary income Based on income and
family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Remaining balance after 20 years will be forgiven (this may be
TAXED)bull MUST be a new borrower after Oct 1 2007 AND must have received
a Direct Loan disbursement on or after Oct 1 2011bull Must have high debt to income ratiobull Monthly payment will NEVER be more than the Standard Plan
Income-Driven Plans (cont)
bull Income-Based Repayment (IBR)bull Payments will be 10 for new borrowers (no outstanding Direct
Loan balance prior to July 1 2014)bull Payments will be 15 for those who are not new borrowersbull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered bull Borrower must have high debt to income ratiobull Monthly payment will NEVER be more than the standard planbull Remaining balance after 20 or 25 years will be forgiven (this may be
TAXED)
Income-Driven Plans (cont)bull Income-Contingent Repayment (ICR)
bull Payments will be 20 of discretionary income OR the amount you would pay on a repayment plan with a fixed payment over 12 years adjusted to your income (whichever is less)
bull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Any borrower with qualifying loan types is eligiblebull Monthly payment may be more than the standard planbull Remaining balance after 25 years will be forgiven (this may be
TAXED)
The Repayment Plans
bull Click here for a link to all of the repayment plans
bull Scroll down to see the ldquoOverview of Direct Loan and FFEL Repayment Plansrdquo
The Repayment Plans
bull Sample chart from Department of Education Income-Driven Repayment Plans for Federal Student Loans Handout
Income-Driven Plans
Rememberhellipbull Make sure your contact information is up to date with
your servicers and the Department of Educationbull Annually review the data for accuracybull Upon graduation contact your servicer to sign up for
the best plan for youbull If at ANY time you are having trouble making a
payment contact your servicer immediately Non-payments even for very valid reasons will impact your credit score and your current options for repayment
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Repayment Estimator (cont)bull Choose the type and then enter the balance and interest
rate for that loan Click Add It will look like this
Repayment Estimator (cont)
bull Next use the black down arrow to choose your tax filing status Single is the default
Repayment Estimator (cont)bull Final steps input your AGI family size and statebull Click calculate results
Repayment Estimator -The results
Additional Repayment Estimator Results
$100000 Unsubsidized loan total at 55 interest rate
What ARE the plans
Important Notes
bull The estimator is just that an ESTIMATE of what your payments might be
bull You should contact your servicer to discuss your actual account
bull Repayment plans are determined by federal regulation therefore they can change What is available today may not be available when you graduate
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Standard Repaymentbull The default planbull Fixed payment amountbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay the least amount of interest over the life of the loan with
this planbull Graduated Repayment
bull Payments start lower and then increase usually every 2 yearsbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay more interest than with the Standard Plan
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Extended Repaymentbull Payments may be fixed or graduatedbull Up to 25 years to repay the loan bull For Direct Loan borrowers must owe more than $30000 to qualifybull Payments will be lower than with Standard or Graduated but you will
pay more interest over the life of the loanbull Income-Driven Repayment Plans
bull Currently 4 different plansbull Up to 20 or 25 years to repay the loan bull All borrowers are NOT eligiblebull Payments may be lower but you will pay more interest than with the
Standard Plan
Income-Driven Plansbull The Department of Education uses a percentage of your
discretionary income to determine repayment amounts
bull What IS discretionary income (per the Department of Ed)bull For Income-Based Repayment Pay As You Earn and loan rehabilitation
discretionary income is the difference between your income and 150 percent of the poverty guideline for your family size and state of residence
bull For Income-Contingent Repayment discretionary income is the difference between your income and 100 percent of the poverty guideline for your family size and state of residence
bull The poverty guidelines are maintained by the US Department of Health and Human Services and are available at wwwaspehhsgovpoverty
bull Income Driven Repayment Plans QampA
Discretionary Income Examplebull For a family of 2 150 of
the poverty guideline would be $16020 x 15 = $24030
bull If you make $45000 a year your discretionary income would be
bull 45000 ndash 24030 = $20970bull Your payment would be
roughly bull 20970 x 10 (10) =
$2097bull $2097 12 = $17475
Income-Driven Plans
bull Revised Pay As You Earn (REPAYE)bull Payments will be 10 of discretionary income Based on income
and family sizebull Payments recalculated each yearbull Payments may be higher than with the Standard Planbull If married spouse income and loans will be consideredbull Remaining balance after 20 (UNDG) or 25 (GRAD) years will be
forgiven (this may be TAXED)bull Interest benefit ndash If your determined payment does not cover the
interest amount that you are being charged each month the government will pay frac12 of the difference on Unsubsidized Loans
Income-Driven Plans (cont)
bull Pay As You Earn (PAYE)bull Payments will be 10 of discretionary income Based on income and
family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Remaining balance after 20 years will be forgiven (this may be
TAXED)bull MUST be a new borrower after Oct 1 2007 AND must have received
a Direct Loan disbursement on or after Oct 1 2011bull Must have high debt to income ratiobull Monthly payment will NEVER be more than the Standard Plan
Income-Driven Plans (cont)
bull Income-Based Repayment (IBR)bull Payments will be 10 for new borrowers (no outstanding Direct
Loan balance prior to July 1 2014)bull Payments will be 15 for those who are not new borrowersbull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered bull Borrower must have high debt to income ratiobull Monthly payment will NEVER be more than the standard planbull Remaining balance after 20 or 25 years will be forgiven (this may be
TAXED)
Income-Driven Plans (cont)bull Income-Contingent Repayment (ICR)
bull Payments will be 20 of discretionary income OR the amount you would pay on a repayment plan with a fixed payment over 12 years adjusted to your income (whichever is less)
bull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Any borrower with qualifying loan types is eligiblebull Monthly payment may be more than the standard planbull Remaining balance after 25 years will be forgiven (this may be
TAXED)
The Repayment Plans
bull Click here for a link to all of the repayment plans
bull Scroll down to see the ldquoOverview of Direct Loan and FFEL Repayment Plansrdquo
The Repayment Plans
bull Sample chart from Department of Education Income-Driven Repayment Plans for Federal Student Loans Handout
Income-Driven Plans
Rememberhellipbull Make sure your contact information is up to date with
your servicers and the Department of Educationbull Annually review the data for accuracybull Upon graduation contact your servicer to sign up for
the best plan for youbull If at ANY time you are having trouble making a
payment contact your servicer immediately Non-payments even for very valid reasons will impact your credit score and your current options for repayment
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Repayment Estimator (cont)
bull Next use the black down arrow to choose your tax filing status Single is the default
Repayment Estimator (cont)bull Final steps input your AGI family size and statebull Click calculate results
Repayment Estimator -The results
Additional Repayment Estimator Results
$100000 Unsubsidized loan total at 55 interest rate
What ARE the plans
Important Notes
bull The estimator is just that an ESTIMATE of what your payments might be
bull You should contact your servicer to discuss your actual account
bull Repayment plans are determined by federal regulation therefore they can change What is available today may not be available when you graduate
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Standard Repaymentbull The default planbull Fixed payment amountbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay the least amount of interest over the life of the loan with
this planbull Graduated Repayment
bull Payments start lower and then increase usually every 2 yearsbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay more interest than with the Standard Plan
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Extended Repaymentbull Payments may be fixed or graduatedbull Up to 25 years to repay the loan bull For Direct Loan borrowers must owe more than $30000 to qualifybull Payments will be lower than with Standard or Graduated but you will
pay more interest over the life of the loanbull Income-Driven Repayment Plans
bull Currently 4 different plansbull Up to 20 or 25 years to repay the loan bull All borrowers are NOT eligiblebull Payments may be lower but you will pay more interest than with the
Standard Plan
Income-Driven Plansbull The Department of Education uses a percentage of your
discretionary income to determine repayment amounts
bull What IS discretionary income (per the Department of Ed)bull For Income-Based Repayment Pay As You Earn and loan rehabilitation
discretionary income is the difference between your income and 150 percent of the poverty guideline for your family size and state of residence
bull For Income-Contingent Repayment discretionary income is the difference between your income and 100 percent of the poverty guideline for your family size and state of residence
bull The poverty guidelines are maintained by the US Department of Health and Human Services and are available at wwwaspehhsgovpoverty
bull Income Driven Repayment Plans QampA
Discretionary Income Examplebull For a family of 2 150 of
the poverty guideline would be $16020 x 15 = $24030
bull If you make $45000 a year your discretionary income would be
bull 45000 ndash 24030 = $20970bull Your payment would be
roughly bull 20970 x 10 (10) =
$2097bull $2097 12 = $17475
Income-Driven Plans
bull Revised Pay As You Earn (REPAYE)bull Payments will be 10 of discretionary income Based on income
and family sizebull Payments recalculated each yearbull Payments may be higher than with the Standard Planbull If married spouse income and loans will be consideredbull Remaining balance after 20 (UNDG) or 25 (GRAD) years will be
forgiven (this may be TAXED)bull Interest benefit ndash If your determined payment does not cover the
interest amount that you are being charged each month the government will pay frac12 of the difference on Unsubsidized Loans
Income-Driven Plans (cont)
bull Pay As You Earn (PAYE)bull Payments will be 10 of discretionary income Based on income and
family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Remaining balance after 20 years will be forgiven (this may be
TAXED)bull MUST be a new borrower after Oct 1 2007 AND must have received
a Direct Loan disbursement on or after Oct 1 2011bull Must have high debt to income ratiobull Monthly payment will NEVER be more than the Standard Plan
Income-Driven Plans (cont)
bull Income-Based Repayment (IBR)bull Payments will be 10 for new borrowers (no outstanding Direct
Loan balance prior to July 1 2014)bull Payments will be 15 for those who are not new borrowersbull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered bull Borrower must have high debt to income ratiobull Monthly payment will NEVER be more than the standard planbull Remaining balance after 20 or 25 years will be forgiven (this may be
TAXED)
Income-Driven Plans (cont)bull Income-Contingent Repayment (ICR)
bull Payments will be 20 of discretionary income OR the amount you would pay on a repayment plan with a fixed payment over 12 years adjusted to your income (whichever is less)
bull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Any borrower with qualifying loan types is eligiblebull Monthly payment may be more than the standard planbull Remaining balance after 25 years will be forgiven (this may be
TAXED)
The Repayment Plans
bull Click here for a link to all of the repayment plans
bull Scroll down to see the ldquoOverview of Direct Loan and FFEL Repayment Plansrdquo
The Repayment Plans
bull Sample chart from Department of Education Income-Driven Repayment Plans for Federal Student Loans Handout
Income-Driven Plans
Rememberhellipbull Make sure your contact information is up to date with
your servicers and the Department of Educationbull Annually review the data for accuracybull Upon graduation contact your servicer to sign up for
the best plan for youbull If at ANY time you are having trouble making a
payment contact your servicer immediately Non-payments even for very valid reasons will impact your credit score and your current options for repayment
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Repayment Estimator (cont)bull Final steps input your AGI family size and statebull Click calculate results
Repayment Estimator -The results
Additional Repayment Estimator Results
$100000 Unsubsidized loan total at 55 interest rate
What ARE the plans
Important Notes
bull The estimator is just that an ESTIMATE of what your payments might be
bull You should contact your servicer to discuss your actual account
bull Repayment plans are determined by federal regulation therefore they can change What is available today may not be available when you graduate
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Standard Repaymentbull The default planbull Fixed payment amountbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay the least amount of interest over the life of the loan with
this planbull Graduated Repayment
bull Payments start lower and then increase usually every 2 yearsbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay more interest than with the Standard Plan
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Extended Repaymentbull Payments may be fixed or graduatedbull Up to 25 years to repay the loan bull For Direct Loan borrowers must owe more than $30000 to qualifybull Payments will be lower than with Standard or Graduated but you will
pay more interest over the life of the loanbull Income-Driven Repayment Plans
bull Currently 4 different plansbull Up to 20 or 25 years to repay the loan bull All borrowers are NOT eligiblebull Payments may be lower but you will pay more interest than with the
Standard Plan
Income-Driven Plansbull The Department of Education uses a percentage of your
discretionary income to determine repayment amounts
bull What IS discretionary income (per the Department of Ed)bull For Income-Based Repayment Pay As You Earn and loan rehabilitation
discretionary income is the difference between your income and 150 percent of the poverty guideline for your family size and state of residence
bull For Income-Contingent Repayment discretionary income is the difference between your income and 100 percent of the poverty guideline for your family size and state of residence
bull The poverty guidelines are maintained by the US Department of Health and Human Services and are available at wwwaspehhsgovpoverty
bull Income Driven Repayment Plans QampA
Discretionary Income Examplebull For a family of 2 150 of
the poverty guideline would be $16020 x 15 = $24030
bull If you make $45000 a year your discretionary income would be
bull 45000 ndash 24030 = $20970bull Your payment would be
roughly bull 20970 x 10 (10) =
$2097bull $2097 12 = $17475
Income-Driven Plans
bull Revised Pay As You Earn (REPAYE)bull Payments will be 10 of discretionary income Based on income
and family sizebull Payments recalculated each yearbull Payments may be higher than with the Standard Planbull If married spouse income and loans will be consideredbull Remaining balance after 20 (UNDG) or 25 (GRAD) years will be
forgiven (this may be TAXED)bull Interest benefit ndash If your determined payment does not cover the
interest amount that you are being charged each month the government will pay frac12 of the difference on Unsubsidized Loans
Income-Driven Plans (cont)
bull Pay As You Earn (PAYE)bull Payments will be 10 of discretionary income Based on income and
family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Remaining balance after 20 years will be forgiven (this may be
TAXED)bull MUST be a new borrower after Oct 1 2007 AND must have received
a Direct Loan disbursement on or after Oct 1 2011bull Must have high debt to income ratiobull Monthly payment will NEVER be more than the Standard Plan
Income-Driven Plans (cont)
bull Income-Based Repayment (IBR)bull Payments will be 10 for new borrowers (no outstanding Direct
Loan balance prior to July 1 2014)bull Payments will be 15 for those who are not new borrowersbull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered bull Borrower must have high debt to income ratiobull Monthly payment will NEVER be more than the standard planbull Remaining balance after 20 or 25 years will be forgiven (this may be
TAXED)
Income-Driven Plans (cont)bull Income-Contingent Repayment (ICR)
bull Payments will be 20 of discretionary income OR the amount you would pay on a repayment plan with a fixed payment over 12 years adjusted to your income (whichever is less)
bull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Any borrower with qualifying loan types is eligiblebull Monthly payment may be more than the standard planbull Remaining balance after 25 years will be forgiven (this may be
TAXED)
The Repayment Plans
bull Click here for a link to all of the repayment plans
bull Scroll down to see the ldquoOverview of Direct Loan and FFEL Repayment Plansrdquo
The Repayment Plans
bull Sample chart from Department of Education Income-Driven Repayment Plans for Federal Student Loans Handout
Income-Driven Plans
Rememberhellipbull Make sure your contact information is up to date with
your servicers and the Department of Educationbull Annually review the data for accuracybull Upon graduation contact your servicer to sign up for
the best plan for youbull If at ANY time you are having trouble making a
payment contact your servicer immediately Non-payments even for very valid reasons will impact your credit score and your current options for repayment
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Repayment Estimator -The results
Additional Repayment Estimator Results
$100000 Unsubsidized loan total at 55 interest rate
What ARE the plans
Important Notes
bull The estimator is just that an ESTIMATE of what your payments might be
bull You should contact your servicer to discuss your actual account
bull Repayment plans are determined by federal regulation therefore they can change What is available today may not be available when you graduate
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Standard Repaymentbull The default planbull Fixed payment amountbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay the least amount of interest over the life of the loan with
this planbull Graduated Repayment
bull Payments start lower and then increase usually every 2 yearsbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay more interest than with the Standard Plan
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Extended Repaymentbull Payments may be fixed or graduatedbull Up to 25 years to repay the loan bull For Direct Loan borrowers must owe more than $30000 to qualifybull Payments will be lower than with Standard or Graduated but you will
pay more interest over the life of the loanbull Income-Driven Repayment Plans
bull Currently 4 different plansbull Up to 20 or 25 years to repay the loan bull All borrowers are NOT eligiblebull Payments may be lower but you will pay more interest than with the
Standard Plan
Income-Driven Plansbull The Department of Education uses a percentage of your
discretionary income to determine repayment amounts
bull What IS discretionary income (per the Department of Ed)bull For Income-Based Repayment Pay As You Earn and loan rehabilitation
discretionary income is the difference between your income and 150 percent of the poverty guideline for your family size and state of residence
bull For Income-Contingent Repayment discretionary income is the difference between your income and 100 percent of the poverty guideline for your family size and state of residence
bull The poverty guidelines are maintained by the US Department of Health and Human Services and are available at wwwaspehhsgovpoverty
bull Income Driven Repayment Plans QampA
Discretionary Income Examplebull For a family of 2 150 of
the poverty guideline would be $16020 x 15 = $24030
bull If you make $45000 a year your discretionary income would be
bull 45000 ndash 24030 = $20970bull Your payment would be
roughly bull 20970 x 10 (10) =
$2097bull $2097 12 = $17475
Income-Driven Plans
bull Revised Pay As You Earn (REPAYE)bull Payments will be 10 of discretionary income Based on income
and family sizebull Payments recalculated each yearbull Payments may be higher than with the Standard Planbull If married spouse income and loans will be consideredbull Remaining balance after 20 (UNDG) or 25 (GRAD) years will be
forgiven (this may be TAXED)bull Interest benefit ndash If your determined payment does not cover the
interest amount that you are being charged each month the government will pay frac12 of the difference on Unsubsidized Loans
Income-Driven Plans (cont)
bull Pay As You Earn (PAYE)bull Payments will be 10 of discretionary income Based on income and
family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Remaining balance after 20 years will be forgiven (this may be
TAXED)bull MUST be a new borrower after Oct 1 2007 AND must have received
a Direct Loan disbursement on or after Oct 1 2011bull Must have high debt to income ratiobull Monthly payment will NEVER be more than the Standard Plan
Income-Driven Plans (cont)
bull Income-Based Repayment (IBR)bull Payments will be 10 for new borrowers (no outstanding Direct
Loan balance prior to July 1 2014)bull Payments will be 15 for those who are not new borrowersbull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered bull Borrower must have high debt to income ratiobull Monthly payment will NEVER be more than the standard planbull Remaining balance after 20 or 25 years will be forgiven (this may be
TAXED)
Income-Driven Plans (cont)bull Income-Contingent Repayment (ICR)
bull Payments will be 20 of discretionary income OR the amount you would pay on a repayment plan with a fixed payment over 12 years adjusted to your income (whichever is less)
bull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Any borrower with qualifying loan types is eligiblebull Monthly payment may be more than the standard planbull Remaining balance after 25 years will be forgiven (this may be
TAXED)
The Repayment Plans
bull Click here for a link to all of the repayment plans
bull Scroll down to see the ldquoOverview of Direct Loan and FFEL Repayment Plansrdquo
The Repayment Plans
bull Sample chart from Department of Education Income-Driven Repayment Plans for Federal Student Loans Handout
Income-Driven Plans
Rememberhellipbull Make sure your contact information is up to date with
your servicers and the Department of Educationbull Annually review the data for accuracybull Upon graduation contact your servicer to sign up for
the best plan for youbull If at ANY time you are having trouble making a
payment contact your servicer immediately Non-payments even for very valid reasons will impact your credit score and your current options for repayment
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Additional Repayment Estimator Results
$100000 Unsubsidized loan total at 55 interest rate
What ARE the plans
Important Notes
bull The estimator is just that an ESTIMATE of what your payments might be
bull You should contact your servicer to discuss your actual account
bull Repayment plans are determined by federal regulation therefore they can change What is available today may not be available when you graduate
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Standard Repaymentbull The default planbull Fixed payment amountbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay the least amount of interest over the life of the loan with
this planbull Graduated Repayment
bull Payments start lower and then increase usually every 2 yearsbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay more interest than with the Standard Plan
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Extended Repaymentbull Payments may be fixed or graduatedbull Up to 25 years to repay the loan bull For Direct Loan borrowers must owe more than $30000 to qualifybull Payments will be lower than with Standard or Graduated but you will
pay more interest over the life of the loanbull Income-Driven Repayment Plans
bull Currently 4 different plansbull Up to 20 or 25 years to repay the loan bull All borrowers are NOT eligiblebull Payments may be lower but you will pay more interest than with the
Standard Plan
Income-Driven Plansbull The Department of Education uses a percentage of your
discretionary income to determine repayment amounts
bull What IS discretionary income (per the Department of Ed)bull For Income-Based Repayment Pay As You Earn and loan rehabilitation
discretionary income is the difference between your income and 150 percent of the poverty guideline for your family size and state of residence
bull For Income-Contingent Repayment discretionary income is the difference between your income and 100 percent of the poverty guideline for your family size and state of residence
bull The poverty guidelines are maintained by the US Department of Health and Human Services and are available at wwwaspehhsgovpoverty
bull Income Driven Repayment Plans QampA
Discretionary Income Examplebull For a family of 2 150 of
the poverty guideline would be $16020 x 15 = $24030
bull If you make $45000 a year your discretionary income would be
bull 45000 ndash 24030 = $20970bull Your payment would be
roughly bull 20970 x 10 (10) =
$2097bull $2097 12 = $17475
Income-Driven Plans
bull Revised Pay As You Earn (REPAYE)bull Payments will be 10 of discretionary income Based on income
and family sizebull Payments recalculated each yearbull Payments may be higher than with the Standard Planbull If married spouse income and loans will be consideredbull Remaining balance after 20 (UNDG) or 25 (GRAD) years will be
forgiven (this may be TAXED)bull Interest benefit ndash If your determined payment does not cover the
interest amount that you are being charged each month the government will pay frac12 of the difference on Unsubsidized Loans
Income-Driven Plans (cont)
bull Pay As You Earn (PAYE)bull Payments will be 10 of discretionary income Based on income and
family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Remaining balance after 20 years will be forgiven (this may be
TAXED)bull MUST be a new borrower after Oct 1 2007 AND must have received
a Direct Loan disbursement on or after Oct 1 2011bull Must have high debt to income ratiobull Monthly payment will NEVER be more than the Standard Plan
Income-Driven Plans (cont)
bull Income-Based Repayment (IBR)bull Payments will be 10 for new borrowers (no outstanding Direct
Loan balance prior to July 1 2014)bull Payments will be 15 for those who are not new borrowersbull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered bull Borrower must have high debt to income ratiobull Monthly payment will NEVER be more than the standard planbull Remaining balance after 20 or 25 years will be forgiven (this may be
TAXED)
Income-Driven Plans (cont)bull Income-Contingent Repayment (ICR)
bull Payments will be 20 of discretionary income OR the amount you would pay on a repayment plan with a fixed payment over 12 years adjusted to your income (whichever is less)
bull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Any borrower with qualifying loan types is eligiblebull Monthly payment may be more than the standard planbull Remaining balance after 25 years will be forgiven (this may be
TAXED)
The Repayment Plans
bull Click here for a link to all of the repayment plans
bull Scroll down to see the ldquoOverview of Direct Loan and FFEL Repayment Plansrdquo
The Repayment Plans
bull Sample chart from Department of Education Income-Driven Repayment Plans for Federal Student Loans Handout
Income-Driven Plans
Rememberhellipbull Make sure your contact information is up to date with
your servicers and the Department of Educationbull Annually review the data for accuracybull Upon graduation contact your servicer to sign up for
the best plan for youbull If at ANY time you are having trouble making a
payment contact your servicer immediately Non-payments even for very valid reasons will impact your credit score and your current options for repayment
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
What ARE the plans
Important Notes
bull The estimator is just that an ESTIMATE of what your payments might be
bull You should contact your servicer to discuss your actual account
bull Repayment plans are determined by federal regulation therefore they can change What is available today may not be available when you graduate
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Standard Repaymentbull The default planbull Fixed payment amountbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay the least amount of interest over the life of the loan with
this planbull Graduated Repayment
bull Payments start lower and then increase usually every 2 yearsbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay more interest than with the Standard Plan
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Extended Repaymentbull Payments may be fixed or graduatedbull Up to 25 years to repay the loan bull For Direct Loan borrowers must owe more than $30000 to qualifybull Payments will be lower than with Standard or Graduated but you will
pay more interest over the life of the loanbull Income-Driven Repayment Plans
bull Currently 4 different plansbull Up to 20 or 25 years to repay the loan bull All borrowers are NOT eligiblebull Payments may be lower but you will pay more interest than with the
Standard Plan
Income-Driven Plansbull The Department of Education uses a percentage of your
discretionary income to determine repayment amounts
bull What IS discretionary income (per the Department of Ed)bull For Income-Based Repayment Pay As You Earn and loan rehabilitation
discretionary income is the difference between your income and 150 percent of the poverty guideline for your family size and state of residence
bull For Income-Contingent Repayment discretionary income is the difference between your income and 100 percent of the poverty guideline for your family size and state of residence
bull The poverty guidelines are maintained by the US Department of Health and Human Services and are available at wwwaspehhsgovpoverty
bull Income Driven Repayment Plans QampA
Discretionary Income Examplebull For a family of 2 150 of
the poverty guideline would be $16020 x 15 = $24030
bull If you make $45000 a year your discretionary income would be
bull 45000 ndash 24030 = $20970bull Your payment would be
roughly bull 20970 x 10 (10) =
$2097bull $2097 12 = $17475
Income-Driven Plans
bull Revised Pay As You Earn (REPAYE)bull Payments will be 10 of discretionary income Based on income
and family sizebull Payments recalculated each yearbull Payments may be higher than with the Standard Planbull If married spouse income and loans will be consideredbull Remaining balance after 20 (UNDG) or 25 (GRAD) years will be
forgiven (this may be TAXED)bull Interest benefit ndash If your determined payment does not cover the
interest amount that you are being charged each month the government will pay frac12 of the difference on Unsubsidized Loans
Income-Driven Plans (cont)
bull Pay As You Earn (PAYE)bull Payments will be 10 of discretionary income Based on income and
family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Remaining balance after 20 years will be forgiven (this may be
TAXED)bull MUST be a new borrower after Oct 1 2007 AND must have received
a Direct Loan disbursement on or after Oct 1 2011bull Must have high debt to income ratiobull Monthly payment will NEVER be more than the Standard Plan
Income-Driven Plans (cont)
bull Income-Based Repayment (IBR)bull Payments will be 10 for new borrowers (no outstanding Direct
Loan balance prior to July 1 2014)bull Payments will be 15 for those who are not new borrowersbull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered bull Borrower must have high debt to income ratiobull Monthly payment will NEVER be more than the standard planbull Remaining balance after 20 or 25 years will be forgiven (this may be
TAXED)
Income-Driven Plans (cont)bull Income-Contingent Repayment (ICR)
bull Payments will be 20 of discretionary income OR the amount you would pay on a repayment plan with a fixed payment over 12 years adjusted to your income (whichever is less)
bull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Any borrower with qualifying loan types is eligiblebull Monthly payment may be more than the standard planbull Remaining balance after 25 years will be forgiven (this may be
TAXED)
The Repayment Plans
bull Click here for a link to all of the repayment plans
bull Scroll down to see the ldquoOverview of Direct Loan and FFEL Repayment Plansrdquo
The Repayment Plans
bull Sample chart from Department of Education Income-Driven Repayment Plans for Federal Student Loans Handout
Income-Driven Plans
Rememberhellipbull Make sure your contact information is up to date with
your servicers and the Department of Educationbull Annually review the data for accuracybull Upon graduation contact your servicer to sign up for
the best plan for youbull If at ANY time you are having trouble making a
payment contact your servicer immediately Non-payments even for very valid reasons will impact your credit score and your current options for repayment
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Important Notes
bull The estimator is just that an ESTIMATE of what your payments might be
bull You should contact your servicer to discuss your actual account
bull Repayment plans are determined by federal regulation therefore they can change What is available today may not be available when you graduate
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Standard Repaymentbull The default planbull Fixed payment amountbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay the least amount of interest over the life of the loan with
this planbull Graduated Repayment
bull Payments start lower and then increase usually every 2 yearsbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay more interest than with the Standard Plan
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Extended Repaymentbull Payments may be fixed or graduatedbull Up to 25 years to repay the loan bull For Direct Loan borrowers must owe more than $30000 to qualifybull Payments will be lower than with Standard or Graduated but you will
pay more interest over the life of the loanbull Income-Driven Repayment Plans
bull Currently 4 different plansbull Up to 20 or 25 years to repay the loan bull All borrowers are NOT eligiblebull Payments may be lower but you will pay more interest than with the
Standard Plan
Income-Driven Plansbull The Department of Education uses a percentage of your
discretionary income to determine repayment amounts
bull What IS discretionary income (per the Department of Ed)bull For Income-Based Repayment Pay As You Earn and loan rehabilitation
discretionary income is the difference between your income and 150 percent of the poverty guideline for your family size and state of residence
bull For Income-Contingent Repayment discretionary income is the difference between your income and 100 percent of the poverty guideline for your family size and state of residence
bull The poverty guidelines are maintained by the US Department of Health and Human Services and are available at wwwaspehhsgovpoverty
bull Income Driven Repayment Plans QampA
Discretionary Income Examplebull For a family of 2 150 of
the poverty guideline would be $16020 x 15 = $24030
bull If you make $45000 a year your discretionary income would be
bull 45000 ndash 24030 = $20970bull Your payment would be
roughly bull 20970 x 10 (10) =
$2097bull $2097 12 = $17475
Income-Driven Plans
bull Revised Pay As You Earn (REPAYE)bull Payments will be 10 of discretionary income Based on income
and family sizebull Payments recalculated each yearbull Payments may be higher than with the Standard Planbull If married spouse income and loans will be consideredbull Remaining balance after 20 (UNDG) or 25 (GRAD) years will be
forgiven (this may be TAXED)bull Interest benefit ndash If your determined payment does not cover the
interest amount that you are being charged each month the government will pay frac12 of the difference on Unsubsidized Loans
Income-Driven Plans (cont)
bull Pay As You Earn (PAYE)bull Payments will be 10 of discretionary income Based on income and
family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Remaining balance after 20 years will be forgiven (this may be
TAXED)bull MUST be a new borrower after Oct 1 2007 AND must have received
a Direct Loan disbursement on or after Oct 1 2011bull Must have high debt to income ratiobull Monthly payment will NEVER be more than the Standard Plan
Income-Driven Plans (cont)
bull Income-Based Repayment (IBR)bull Payments will be 10 for new borrowers (no outstanding Direct
Loan balance prior to July 1 2014)bull Payments will be 15 for those who are not new borrowersbull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered bull Borrower must have high debt to income ratiobull Monthly payment will NEVER be more than the standard planbull Remaining balance after 20 or 25 years will be forgiven (this may be
TAXED)
Income-Driven Plans (cont)bull Income-Contingent Repayment (ICR)
bull Payments will be 20 of discretionary income OR the amount you would pay on a repayment plan with a fixed payment over 12 years adjusted to your income (whichever is less)
bull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Any borrower with qualifying loan types is eligiblebull Monthly payment may be more than the standard planbull Remaining balance after 25 years will be forgiven (this may be
TAXED)
The Repayment Plans
bull Click here for a link to all of the repayment plans
bull Scroll down to see the ldquoOverview of Direct Loan and FFEL Repayment Plansrdquo
The Repayment Plans
bull Sample chart from Department of Education Income-Driven Repayment Plans for Federal Student Loans Handout
Income-Driven Plans
Rememberhellipbull Make sure your contact information is up to date with
your servicers and the Department of Educationbull Annually review the data for accuracybull Upon graduation contact your servicer to sign up for
the best plan for youbull If at ANY time you are having trouble making a
payment contact your servicer immediately Non-payments even for very valid reasons will impact your credit score and your current options for repayment
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Standard Repaymentbull The default planbull Fixed payment amountbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay the least amount of interest over the life of the loan with
this planbull Graduated Repayment
bull Payments start lower and then increase usually every 2 yearsbull Up to 10 years to repay the loan bull All borrowers are eligiblebull You will pay more interest than with the Standard Plan
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Extended Repaymentbull Payments may be fixed or graduatedbull Up to 25 years to repay the loan bull For Direct Loan borrowers must owe more than $30000 to qualifybull Payments will be lower than with Standard or Graduated but you will
pay more interest over the life of the loanbull Income-Driven Repayment Plans
bull Currently 4 different plansbull Up to 20 or 25 years to repay the loan bull All borrowers are NOT eligiblebull Payments may be lower but you will pay more interest than with the
Standard Plan
Income-Driven Plansbull The Department of Education uses a percentage of your
discretionary income to determine repayment amounts
bull What IS discretionary income (per the Department of Ed)bull For Income-Based Repayment Pay As You Earn and loan rehabilitation
discretionary income is the difference between your income and 150 percent of the poverty guideline for your family size and state of residence
bull For Income-Contingent Repayment discretionary income is the difference between your income and 100 percent of the poverty guideline for your family size and state of residence
bull The poverty guidelines are maintained by the US Department of Health and Human Services and are available at wwwaspehhsgovpoverty
bull Income Driven Repayment Plans QampA
Discretionary Income Examplebull For a family of 2 150 of
the poverty guideline would be $16020 x 15 = $24030
bull If you make $45000 a year your discretionary income would be
bull 45000 ndash 24030 = $20970bull Your payment would be
roughly bull 20970 x 10 (10) =
$2097bull $2097 12 = $17475
Income-Driven Plans
bull Revised Pay As You Earn (REPAYE)bull Payments will be 10 of discretionary income Based on income
and family sizebull Payments recalculated each yearbull Payments may be higher than with the Standard Planbull If married spouse income and loans will be consideredbull Remaining balance after 20 (UNDG) or 25 (GRAD) years will be
forgiven (this may be TAXED)bull Interest benefit ndash If your determined payment does not cover the
interest amount that you are being charged each month the government will pay frac12 of the difference on Unsubsidized Loans
Income-Driven Plans (cont)
bull Pay As You Earn (PAYE)bull Payments will be 10 of discretionary income Based on income and
family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Remaining balance after 20 years will be forgiven (this may be
TAXED)bull MUST be a new borrower after Oct 1 2007 AND must have received
a Direct Loan disbursement on or after Oct 1 2011bull Must have high debt to income ratiobull Monthly payment will NEVER be more than the Standard Plan
Income-Driven Plans (cont)
bull Income-Based Repayment (IBR)bull Payments will be 10 for new borrowers (no outstanding Direct
Loan balance prior to July 1 2014)bull Payments will be 15 for those who are not new borrowersbull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered bull Borrower must have high debt to income ratiobull Monthly payment will NEVER be more than the standard planbull Remaining balance after 20 or 25 years will be forgiven (this may be
TAXED)
Income-Driven Plans (cont)bull Income-Contingent Repayment (ICR)
bull Payments will be 20 of discretionary income OR the amount you would pay on a repayment plan with a fixed payment over 12 years adjusted to your income (whichever is less)
bull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Any borrower with qualifying loan types is eligiblebull Monthly payment may be more than the standard planbull Remaining balance after 25 years will be forgiven (this may be
TAXED)
The Repayment Plans
bull Click here for a link to all of the repayment plans
bull Scroll down to see the ldquoOverview of Direct Loan and FFEL Repayment Plansrdquo
The Repayment Plans
bull Sample chart from Department of Education Income-Driven Repayment Plans for Federal Student Loans Handout
Income-Driven Plans
Rememberhellipbull Make sure your contact information is up to date with
your servicers and the Department of Educationbull Annually review the data for accuracybull Upon graduation contact your servicer to sign up for
the best plan for youbull If at ANY time you are having trouble making a
payment contact your servicer immediately Non-payments even for very valid reasons will impact your credit score and your current options for repayment
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
The Repayment Plans (cont)bull Repayment plans are divided into the following categories
bull Extended Repaymentbull Payments may be fixed or graduatedbull Up to 25 years to repay the loan bull For Direct Loan borrowers must owe more than $30000 to qualifybull Payments will be lower than with Standard or Graduated but you will
pay more interest over the life of the loanbull Income-Driven Repayment Plans
bull Currently 4 different plansbull Up to 20 or 25 years to repay the loan bull All borrowers are NOT eligiblebull Payments may be lower but you will pay more interest than with the
Standard Plan
Income-Driven Plansbull The Department of Education uses a percentage of your
discretionary income to determine repayment amounts
bull What IS discretionary income (per the Department of Ed)bull For Income-Based Repayment Pay As You Earn and loan rehabilitation
discretionary income is the difference between your income and 150 percent of the poverty guideline for your family size and state of residence
bull For Income-Contingent Repayment discretionary income is the difference between your income and 100 percent of the poverty guideline for your family size and state of residence
bull The poverty guidelines are maintained by the US Department of Health and Human Services and are available at wwwaspehhsgovpoverty
bull Income Driven Repayment Plans QampA
Discretionary Income Examplebull For a family of 2 150 of
the poverty guideline would be $16020 x 15 = $24030
bull If you make $45000 a year your discretionary income would be
bull 45000 ndash 24030 = $20970bull Your payment would be
roughly bull 20970 x 10 (10) =
$2097bull $2097 12 = $17475
Income-Driven Plans
bull Revised Pay As You Earn (REPAYE)bull Payments will be 10 of discretionary income Based on income
and family sizebull Payments recalculated each yearbull Payments may be higher than with the Standard Planbull If married spouse income and loans will be consideredbull Remaining balance after 20 (UNDG) or 25 (GRAD) years will be
forgiven (this may be TAXED)bull Interest benefit ndash If your determined payment does not cover the
interest amount that you are being charged each month the government will pay frac12 of the difference on Unsubsidized Loans
Income-Driven Plans (cont)
bull Pay As You Earn (PAYE)bull Payments will be 10 of discretionary income Based on income and
family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Remaining balance after 20 years will be forgiven (this may be
TAXED)bull MUST be a new borrower after Oct 1 2007 AND must have received
a Direct Loan disbursement on or after Oct 1 2011bull Must have high debt to income ratiobull Monthly payment will NEVER be more than the Standard Plan
Income-Driven Plans (cont)
bull Income-Based Repayment (IBR)bull Payments will be 10 for new borrowers (no outstanding Direct
Loan balance prior to July 1 2014)bull Payments will be 15 for those who are not new borrowersbull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered bull Borrower must have high debt to income ratiobull Monthly payment will NEVER be more than the standard planbull Remaining balance after 20 or 25 years will be forgiven (this may be
TAXED)
Income-Driven Plans (cont)bull Income-Contingent Repayment (ICR)
bull Payments will be 20 of discretionary income OR the amount you would pay on a repayment plan with a fixed payment over 12 years adjusted to your income (whichever is less)
bull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Any borrower with qualifying loan types is eligiblebull Monthly payment may be more than the standard planbull Remaining balance after 25 years will be forgiven (this may be
TAXED)
The Repayment Plans
bull Click here for a link to all of the repayment plans
bull Scroll down to see the ldquoOverview of Direct Loan and FFEL Repayment Plansrdquo
The Repayment Plans
bull Sample chart from Department of Education Income-Driven Repayment Plans for Federal Student Loans Handout
Income-Driven Plans
Rememberhellipbull Make sure your contact information is up to date with
your servicers and the Department of Educationbull Annually review the data for accuracybull Upon graduation contact your servicer to sign up for
the best plan for youbull If at ANY time you are having trouble making a
payment contact your servicer immediately Non-payments even for very valid reasons will impact your credit score and your current options for repayment
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Income-Driven Plansbull The Department of Education uses a percentage of your
discretionary income to determine repayment amounts
bull What IS discretionary income (per the Department of Ed)bull For Income-Based Repayment Pay As You Earn and loan rehabilitation
discretionary income is the difference between your income and 150 percent of the poverty guideline for your family size and state of residence
bull For Income-Contingent Repayment discretionary income is the difference between your income and 100 percent of the poverty guideline for your family size and state of residence
bull The poverty guidelines are maintained by the US Department of Health and Human Services and are available at wwwaspehhsgovpoverty
bull Income Driven Repayment Plans QampA
Discretionary Income Examplebull For a family of 2 150 of
the poverty guideline would be $16020 x 15 = $24030
bull If you make $45000 a year your discretionary income would be
bull 45000 ndash 24030 = $20970bull Your payment would be
roughly bull 20970 x 10 (10) =
$2097bull $2097 12 = $17475
Income-Driven Plans
bull Revised Pay As You Earn (REPAYE)bull Payments will be 10 of discretionary income Based on income
and family sizebull Payments recalculated each yearbull Payments may be higher than with the Standard Planbull If married spouse income and loans will be consideredbull Remaining balance after 20 (UNDG) or 25 (GRAD) years will be
forgiven (this may be TAXED)bull Interest benefit ndash If your determined payment does not cover the
interest amount that you are being charged each month the government will pay frac12 of the difference on Unsubsidized Loans
Income-Driven Plans (cont)
bull Pay As You Earn (PAYE)bull Payments will be 10 of discretionary income Based on income and
family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Remaining balance after 20 years will be forgiven (this may be
TAXED)bull MUST be a new borrower after Oct 1 2007 AND must have received
a Direct Loan disbursement on or after Oct 1 2011bull Must have high debt to income ratiobull Monthly payment will NEVER be more than the Standard Plan
Income-Driven Plans (cont)
bull Income-Based Repayment (IBR)bull Payments will be 10 for new borrowers (no outstanding Direct
Loan balance prior to July 1 2014)bull Payments will be 15 for those who are not new borrowersbull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered bull Borrower must have high debt to income ratiobull Monthly payment will NEVER be more than the standard planbull Remaining balance after 20 or 25 years will be forgiven (this may be
TAXED)
Income-Driven Plans (cont)bull Income-Contingent Repayment (ICR)
bull Payments will be 20 of discretionary income OR the amount you would pay on a repayment plan with a fixed payment over 12 years adjusted to your income (whichever is less)
bull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Any borrower with qualifying loan types is eligiblebull Monthly payment may be more than the standard planbull Remaining balance after 25 years will be forgiven (this may be
TAXED)
The Repayment Plans
bull Click here for a link to all of the repayment plans
bull Scroll down to see the ldquoOverview of Direct Loan and FFEL Repayment Plansrdquo
The Repayment Plans
bull Sample chart from Department of Education Income-Driven Repayment Plans for Federal Student Loans Handout
Income-Driven Plans
Rememberhellipbull Make sure your contact information is up to date with
your servicers and the Department of Educationbull Annually review the data for accuracybull Upon graduation contact your servicer to sign up for
the best plan for youbull If at ANY time you are having trouble making a
payment contact your servicer immediately Non-payments even for very valid reasons will impact your credit score and your current options for repayment
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Discretionary Income Examplebull For a family of 2 150 of
the poverty guideline would be $16020 x 15 = $24030
bull If you make $45000 a year your discretionary income would be
bull 45000 ndash 24030 = $20970bull Your payment would be
roughly bull 20970 x 10 (10) =
$2097bull $2097 12 = $17475
Income-Driven Plans
bull Revised Pay As You Earn (REPAYE)bull Payments will be 10 of discretionary income Based on income
and family sizebull Payments recalculated each yearbull Payments may be higher than with the Standard Planbull If married spouse income and loans will be consideredbull Remaining balance after 20 (UNDG) or 25 (GRAD) years will be
forgiven (this may be TAXED)bull Interest benefit ndash If your determined payment does not cover the
interest amount that you are being charged each month the government will pay frac12 of the difference on Unsubsidized Loans
Income-Driven Plans (cont)
bull Pay As You Earn (PAYE)bull Payments will be 10 of discretionary income Based on income and
family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Remaining balance after 20 years will be forgiven (this may be
TAXED)bull MUST be a new borrower after Oct 1 2007 AND must have received
a Direct Loan disbursement on or after Oct 1 2011bull Must have high debt to income ratiobull Monthly payment will NEVER be more than the Standard Plan
Income-Driven Plans (cont)
bull Income-Based Repayment (IBR)bull Payments will be 10 for new borrowers (no outstanding Direct
Loan balance prior to July 1 2014)bull Payments will be 15 for those who are not new borrowersbull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered bull Borrower must have high debt to income ratiobull Monthly payment will NEVER be more than the standard planbull Remaining balance after 20 or 25 years will be forgiven (this may be
TAXED)
Income-Driven Plans (cont)bull Income-Contingent Repayment (ICR)
bull Payments will be 20 of discretionary income OR the amount you would pay on a repayment plan with a fixed payment over 12 years adjusted to your income (whichever is less)
bull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Any borrower with qualifying loan types is eligiblebull Monthly payment may be more than the standard planbull Remaining balance after 25 years will be forgiven (this may be
TAXED)
The Repayment Plans
bull Click here for a link to all of the repayment plans
bull Scroll down to see the ldquoOverview of Direct Loan and FFEL Repayment Plansrdquo
The Repayment Plans
bull Sample chart from Department of Education Income-Driven Repayment Plans for Federal Student Loans Handout
Income-Driven Plans
Rememberhellipbull Make sure your contact information is up to date with
your servicers and the Department of Educationbull Annually review the data for accuracybull Upon graduation contact your servicer to sign up for
the best plan for youbull If at ANY time you are having trouble making a
payment contact your servicer immediately Non-payments even for very valid reasons will impact your credit score and your current options for repayment
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Income-Driven Plans
bull Revised Pay As You Earn (REPAYE)bull Payments will be 10 of discretionary income Based on income
and family sizebull Payments recalculated each yearbull Payments may be higher than with the Standard Planbull If married spouse income and loans will be consideredbull Remaining balance after 20 (UNDG) or 25 (GRAD) years will be
forgiven (this may be TAXED)bull Interest benefit ndash If your determined payment does not cover the
interest amount that you are being charged each month the government will pay frac12 of the difference on Unsubsidized Loans
Income-Driven Plans (cont)
bull Pay As You Earn (PAYE)bull Payments will be 10 of discretionary income Based on income and
family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Remaining balance after 20 years will be forgiven (this may be
TAXED)bull MUST be a new borrower after Oct 1 2007 AND must have received
a Direct Loan disbursement on or after Oct 1 2011bull Must have high debt to income ratiobull Monthly payment will NEVER be more than the Standard Plan
Income-Driven Plans (cont)
bull Income-Based Repayment (IBR)bull Payments will be 10 for new borrowers (no outstanding Direct
Loan balance prior to July 1 2014)bull Payments will be 15 for those who are not new borrowersbull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered bull Borrower must have high debt to income ratiobull Monthly payment will NEVER be more than the standard planbull Remaining balance after 20 or 25 years will be forgiven (this may be
TAXED)
Income-Driven Plans (cont)bull Income-Contingent Repayment (ICR)
bull Payments will be 20 of discretionary income OR the amount you would pay on a repayment plan with a fixed payment over 12 years adjusted to your income (whichever is less)
bull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Any borrower with qualifying loan types is eligiblebull Monthly payment may be more than the standard planbull Remaining balance after 25 years will be forgiven (this may be
TAXED)
The Repayment Plans
bull Click here for a link to all of the repayment plans
bull Scroll down to see the ldquoOverview of Direct Loan and FFEL Repayment Plansrdquo
The Repayment Plans
bull Sample chart from Department of Education Income-Driven Repayment Plans for Federal Student Loans Handout
Income-Driven Plans
Rememberhellipbull Make sure your contact information is up to date with
your servicers and the Department of Educationbull Annually review the data for accuracybull Upon graduation contact your servicer to sign up for
the best plan for youbull If at ANY time you are having trouble making a
payment contact your servicer immediately Non-payments even for very valid reasons will impact your credit score and your current options for repayment
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Income-Driven Plans (cont)
bull Pay As You Earn (PAYE)bull Payments will be 10 of discretionary income Based on income and
family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Remaining balance after 20 years will be forgiven (this may be
TAXED)bull MUST be a new borrower after Oct 1 2007 AND must have received
a Direct Loan disbursement on or after Oct 1 2011bull Must have high debt to income ratiobull Monthly payment will NEVER be more than the Standard Plan
Income-Driven Plans (cont)
bull Income-Based Repayment (IBR)bull Payments will be 10 for new borrowers (no outstanding Direct
Loan balance prior to July 1 2014)bull Payments will be 15 for those who are not new borrowersbull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered bull Borrower must have high debt to income ratiobull Monthly payment will NEVER be more than the standard planbull Remaining balance after 20 or 25 years will be forgiven (this may be
TAXED)
Income-Driven Plans (cont)bull Income-Contingent Repayment (ICR)
bull Payments will be 20 of discretionary income OR the amount you would pay on a repayment plan with a fixed payment over 12 years adjusted to your income (whichever is less)
bull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Any borrower with qualifying loan types is eligiblebull Monthly payment may be more than the standard planbull Remaining balance after 25 years will be forgiven (this may be
TAXED)
The Repayment Plans
bull Click here for a link to all of the repayment plans
bull Scroll down to see the ldquoOverview of Direct Loan and FFEL Repayment Plansrdquo
The Repayment Plans
bull Sample chart from Department of Education Income-Driven Repayment Plans for Federal Student Loans Handout
Income-Driven Plans
Rememberhellipbull Make sure your contact information is up to date with
your servicers and the Department of Educationbull Annually review the data for accuracybull Upon graduation contact your servicer to sign up for
the best plan for youbull If at ANY time you are having trouble making a
payment contact your servicer immediately Non-payments even for very valid reasons will impact your credit score and your current options for repayment
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Income-Driven Plans (cont)
bull Income-Based Repayment (IBR)bull Payments will be 10 for new borrowers (no outstanding Direct
Loan balance prior to July 1 2014)bull Payments will be 15 for those who are not new borrowersbull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered bull Borrower must have high debt to income ratiobull Monthly payment will NEVER be more than the standard planbull Remaining balance after 20 or 25 years will be forgiven (this may be
TAXED)
Income-Driven Plans (cont)bull Income-Contingent Repayment (ICR)
bull Payments will be 20 of discretionary income OR the amount you would pay on a repayment plan with a fixed payment over 12 years adjusted to your income (whichever is less)
bull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Any borrower with qualifying loan types is eligiblebull Monthly payment may be more than the standard planbull Remaining balance after 25 years will be forgiven (this may be
TAXED)
The Repayment Plans
bull Click here for a link to all of the repayment plans
bull Scroll down to see the ldquoOverview of Direct Loan and FFEL Repayment Plansrdquo
The Repayment Plans
bull Sample chart from Department of Education Income-Driven Repayment Plans for Federal Student Loans Handout
Income-Driven Plans
Rememberhellipbull Make sure your contact information is up to date with
your servicers and the Department of Educationbull Annually review the data for accuracybull Upon graduation contact your servicer to sign up for
the best plan for youbull If at ANY time you are having trouble making a
payment contact your servicer immediately Non-payments even for very valid reasons will impact your credit score and your current options for repayment
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Income-Driven Plans (cont)bull Income-Contingent Repayment (ICR)
bull Payments will be 20 of discretionary income OR the amount you would pay on a repayment plan with a fixed payment over 12 years adjusted to your income (whichever is less)
bull Based on income and family sizebull Payments recalculated each yearbull If married spouse income and loans will be considered ONLY if
taxes filed jointlybull Any borrower with qualifying loan types is eligiblebull Monthly payment may be more than the standard planbull Remaining balance after 25 years will be forgiven (this may be
TAXED)
The Repayment Plans
bull Click here for a link to all of the repayment plans
bull Scroll down to see the ldquoOverview of Direct Loan and FFEL Repayment Plansrdquo
The Repayment Plans
bull Sample chart from Department of Education Income-Driven Repayment Plans for Federal Student Loans Handout
Income-Driven Plans
Rememberhellipbull Make sure your contact information is up to date with
your servicers and the Department of Educationbull Annually review the data for accuracybull Upon graduation contact your servicer to sign up for
the best plan for youbull If at ANY time you are having trouble making a
payment contact your servicer immediately Non-payments even for very valid reasons will impact your credit score and your current options for repayment
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
The Repayment Plans
bull Click here for a link to all of the repayment plans
bull Scroll down to see the ldquoOverview of Direct Loan and FFEL Repayment Plansrdquo
The Repayment Plans
bull Sample chart from Department of Education Income-Driven Repayment Plans for Federal Student Loans Handout
Income-Driven Plans
Rememberhellipbull Make sure your contact information is up to date with
your servicers and the Department of Educationbull Annually review the data for accuracybull Upon graduation contact your servicer to sign up for
the best plan for youbull If at ANY time you are having trouble making a
payment contact your servicer immediately Non-payments even for very valid reasons will impact your credit score and your current options for repayment
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
The Repayment Plans
bull Sample chart from Department of Education Income-Driven Repayment Plans for Federal Student Loans Handout
Income-Driven Plans
Rememberhellipbull Make sure your contact information is up to date with
your servicers and the Department of Educationbull Annually review the data for accuracybull Upon graduation contact your servicer to sign up for
the best plan for youbull If at ANY time you are having trouble making a
payment contact your servicer immediately Non-payments even for very valid reasons will impact your credit score and your current options for repayment
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Rememberhellipbull Make sure your contact information is up to date with
your servicers and the Department of Educationbull Annually review the data for accuracybull Upon graduation contact your servicer to sign up for
the best plan for youbull If at ANY time you are having trouble making a
payment contact your servicer immediately Non-payments even for very valid reasons will impact your credit score and your current options for repayment
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Deferment and Forbearance
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Goal 1bull Students will be aware of the options available to
them if they cannot make their required loan payments You will be able to
Locate federal options for postponing paymentsIdentify the different non-repayment optionsDiscriminate between the non-repayment optionsCompare the variables of each optionEvaluate the programs
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Goal 2bull Students will be able to evaluate the non-repayment
options for their own personal situation You will be able toIdentify the non-repayment options you qualify forDetermine what non-repayment option will work for
your personal situationStudents will choose to contact your servicer (or
servicers) immediately if you cannot make your loan payments
Students will identify the negative impacts of choosing not to repay your loan
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Why should you care if you miss a loan paymentbull Your loan becomes delinquent the first day after
you miss a paymentbull If you are receiving any type of benefits such as a
reduced interest rate for having funds withdrawn from your bank account the servicer can return your interest rate to the full amount retroactively
bull Your loan goes into DEFAULT after 270 days of a missed payment
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Why should you care if you miss a loan payment (cont)bull Both Delinquency and Default statuses may impact
your ability tobull Rent an apartment or buy a housebull Get insurancebull Obtain a cell phone planbull Obtain a job
Anything you want to accomplish that requires a credit check could be impacted negatively by not making your loan payments on time
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Full Consequences of Default
bull For the full list view the Department of Educationrsquos sitebull You lose eligibility for deferment forbearance and repayment
plansbull You lose eligibility for federal student aidbull Your loan account is assigned to a collection agencybull Your credit rating will be damagedbull Federal and state tax refunds may be withheldbull You may experience wage garnishmentbull The loan holder can take legal action against youbull It will take years to reestablish your credit and recover from
default
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
What if you canrsquot make your paymentsbull First immediately contact the servicer(s) of any
and all of your loansbull Contact them BEFORE your payment is latebull If you donrsquot know who your servicer is log in to the
National Student Loan Data System to view your loans Click here to view that process if you are not familiar with how to log into wwwnsldsedgov
bull Second review the servicerrsquos website(s) to determine if there are specific forms that need to be completed
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
What if you canrsquot make your payments
bull You have optionsbull Federal regulations allow for non-payment periods
bull Deferment options ndash Periods of no payment required with no interest charges for subsidized loans
bull Forbearance options ndash Periods of no payment required but interest will accrue on all types
bull In certain circumstances usually due to disability or death you may request that your loan be dischargedbull Discharge means to release the borrower from the
obligation of repaying the loan
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Just a notehellip
bull Everything discussed in this presentation can be reviewed and investigated on the federal website
bull Go to the Department of Education at httpsstudentaidedgov
bull Hover over the down arrow to the right of How to Repay Your Loans Choose Deferment and Forbearance
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
wwwstudentaidedgov
bull On their website these are links to the categories displayed
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Deferment
bull Deferment is officially defined as a period during which repayment of the principal and interest of your loan is temporarily delayedbull If you have a Direct Subsidized Stafford or Perkins Loan
the government may pay the interest during the deferment period
bull For all Unsubsidized Loans interest will accrue during the deferment periodbull Even though payments are not required paying the interest on a
monthly or quarterly basis will prevent capitalization at a later date
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Deferment Categoriesbull This chart is taken
from the federal website
bull Note that you must meet specific criteria
bull Contact your servicer to see if you qualify especially for the Economic Hardship
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Deferment (cont)
bull Deferments are not automatic You must contact your servicer
bull For the in-school deferment your schoolrsquos Registrarrsquos Office will need to certify your enrollment Contact your servicer to determine if they have a specific form or process
bull All deferment requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your deferment has been granted and your status updated online BEFORE you stop making payments
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Forbearance
bull Forbearance is when you donrsquot qualify for a deferment but you cannot repay your loan Your servicer normally has the OPTION of granting you a forbearance so that you may either stop making payments or make reduced monthly payments for up to 12 months bull For all loans interest will accrue during the forbearance
periodbull Even though payments are not required paying the
interest on a monthly or quarterly basis will prevent capitalization at a later date
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Forbearance (cont)bull Two Types of Forbearance
bull Discretionary ndash The servicer may choose to grant or notbull Financial Hardshipbull Illness
bull Mandatory ndash If you meet the eligibility criteria and complete the proper paperwork the servicer must grant the forbearance request (partial list below)
bull Medical internship or residency program that meets specific criteriabull Total amount of your monthly payment for all student loans is 20 or
more of your total monthly gross income (additional conditions apply)bull You qualify for partial repayment of your loans under the US Department
of Defense Student Loan Repayment Programbull You are a member of the National Guard and have been activated by a
governor but are not eligible for a military deferment
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Forbearance (cont)
bull Forbearances are not automatic You must contact your servicer
bull Different documentation is required based on the category you are requesting
bull All forbearance requests go through your servicer If you have more than one servicer you will have to complete the process separately for each one
bull Verify that your forbearance has been granted and your status updated online BEFORE you stop making payments
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
How to avoid defaultbull Contact your servicer immediately if you believe you wonrsquot be
able to make a payment on timebull Know the legal requirements of your loan (see your promissory
note)bull Keep good records
bull Know what you owebull Know who your servicer is (sometimes you have more than
one)bull Know when your payments are due and keep a record of
paymentsbull Track your loans online (use nsldsedgov)bull Only borrow what you need
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
What if I end up in default
bull Contact the agency that is contacting you It will most likely be a collection agency so contacting your servicer at this point will be uselessbull Explain your situationbull Ask them what options are available to you to get out of
defaultbull Ask them to work with you
bull Always stay in touch with your servicer or collection agency
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
A Very Important Notehellipbull There are 3rd party organizations that will offer to ldquohelprdquo you if you
are having trouble paying your loanbull They present themselves as debt relief bull They present themselves as approved DOE organizationsbull They will charge you a fee to ldquohelprdquo you
bull BE WARY You should ALWAYS contact your servicer if you are having trouble
As noted by John Wasik in his Forbes article titled The Single-Worst College Loan Repayment Move from February 27 2016 ldquoThe bottom line is donrsquot pay middlemen to find aid or negotiate loan repayments Yoursquoll be throwing your money awayrdquo
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your account
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Goal
bull Students will be aware of the federal loan consolidation options You will be able to
Locate federal consolidation optionsIdentify the different repayment options for
consolidationIdentify the benefits of loan consolidationEvaluate federal loan consolidation
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Consolidation Loans
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Consolidation Loans
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Should I Consolidatebull Very personal decision ndash not right for everyonebull Consolidation simplifies loan repayment by centralizing your
payment each monthbull May have lower monthly paymentsbull Will provide fixed interest on all loansbull May pay more interest over the life of the loanbull May take 30 years to pay off loanbull May LOSE borrower benefits on current loans such as interest
rate discounts principal rebates or cancellation benefitsbull You cannot undo consolidated loans once completebull May be better to keep current loans and apply for income driven
repayment plan deferment or forbearance
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Which loans are eligible
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Loan Consolidation (cont)
bull Must be out of school to consolidatebull The interest rate will be fixed for the life of the loan The
fixed rate is based on the weighted average of the interest rates on the loans being consolidated rounded up to the nearest 18th of 1 There is no cap on the interest rate
bull Federal Consolidation Loans qualify for almost all of the repayment plans and at least two of the income driven repayment plans Review the chart at the Department of Educationrsquos website
bull httpsstudentaidedgovsarepay-loansunderstandplans
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Contact Your Servicer Directly for help with your accountBack to Main
Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Choose Your Program
TCOM PA DPT
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
TCOM Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
16-17 Budget for TCOM Year 1
TCOM 1 Resident TCOM 1 Non-Resident
Tuition (RESIDENT) $1307900 Tuition (NON-RESIDENT) $2876700
Fees $599000 Fees $599000
Federal Loan Fees $48000 Federal Loan Fees $48000
Books amp Supplies $402400 Books amp Supplies $402400
Room amp Board $1658800 Room amp Board $1658800
Transportation $390800 Transportation $390800
Health Insurance $219600 Health Insurance $219600
Personal $353200 Personal $353200
TOTAL RESIDENT $4979600 TOTAL Non-RESIDENT $6548400
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3 YEAR 4
TX Resident $49840 $45340 $51384 $45220
Non-Resident $65528 $61028 $67072 $60910
Maximum Unsubsidized Stafford Loan $44944 $44944 $47167 $44944
For tuition and fee breakdown by term httpwebunthsceduTuitionandFees
Expected Disbursement dates for Fall Spring
070816122316
070816122316
062716122316
062716122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
PA Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
16-17 Budget for PA Year 1
PA 1 Resident PA 1 Non-Resident
Tuition (RESIDENT) $676400 Tuition (NON-RESIDENT) $2458600
Fees $439200 Fees $439200
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $252600 Books amp Supplies $252600
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3795800 TOTAL Non-RESIDENT $5578000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $37958 $41575 $42091
Non-Resident $55780 $63907 $63989
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
DPT Cost of Attendance and Disbursement
Schedule
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Goalbull Students will learn how their financial aid cost of
attendance (COA) is determined each year You will be able toIdentify the COA ComponentsDiscriminate between the fixed and variable COA
ComponentsAnalyze your personal finances and borrow only what
is necessaryStudents will choose to reduce spending where
possible
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Cost of Attendance Components
bull Paid to the schoolbull Actual cost will be fixedTuition and Feesbull Paid to the school or outside sourcebull Actual cost will vary depending on where you purchase items what classes you
take and how many classes you take
Books amp Supplies
bull Paid to an outside sourcebull Actual cost varies depending on living choicesRoom and Board
bull Paid to outside sourcesbull Actual cost varies depending on personal choicesTransportation
bull Paid to outside sourcesbull Actual cost varies depending on personal choicePersonal amp Misc
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
16-17 Budget for DPT Year 1
DPT 1 Resident DPT 1 Non-Resident
Tuition (RESIDENT) $828800 Tuition (NON-RESIDENT) $2338400
Fees $466000 Fees $466000
Federal Loan Fees $21800 Federal Loan Fees $21800
Books amp Supplies $270000 Books amp Supplies $270000
Room amp Board $1508000 Room amp Board $1508000
Transportation $357200 Transportation $357200
Health Insurance $219600 Health Insurance $219600
Personal $321000 Personal $321000
TOTAL RESIDENT $3992400 TOTAL Non-RESIDENT $5502000
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
16-17 Budget for All Years
SAMPLE FIGURES YEAR 1 YEAR 2 YEAR 3
TX Resident $39924 $41323 $38439
Non-Resident $55020 $56293 $48459
Maximum Unsubsidized Stafford Loan $20500 $20500 $20500
For tuition and fee breakdown by termhttpwebunthsceduTuitionandFees
Expected Disbursement dates for Summer Fall Spring
None070816122316
050616070816122316
050616070816122316
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Creating a Budget
bull Click on the interactive budget worksheet to start
your budget
bull Average net income over 12 months
bull List all monthly expenses
bull Plan ahead for periodic expenses
bull Add new categories as life changes
bull Adjust to keep positive balance
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Contact Information
UNTHSC Financial Aid Office817-735-2505finaidunthscedu
Department of Education1-800-4FED-AID
(1-800-433-3243)To email httpsstudentaidhelpedgovappaskOnline chat also available at the link above
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Please click the page below to complete an evaluation for this session Thank you
Back to Main Menu
Back to Main Menu
