Financing your college education requires budgeting and careful planning for you and perhaps for your parents. Although our costs are kept low at the University of North Texas because of state assistance, many students still need help financing their education.
Financial aidMoney provided to the student and the family to help them pay for the student's education. Major forms of financial aid include gift aid (grants and scholarships) and self help aid (loans and work). makes it possible for thousands of students to attend UNT. The Student Financial Aid and Scholarships office annually awards $285 million in financial aid, including more than $22 million in scholarships. About 72 percent of our students receive financial aid and scholarships. In fact, nearly all students who complete the Free Application for Federal Student Aid (FAFSA) can receive some type of financial assistance.
Financial aid awards are funded and regulated by state and federal governments, so applying for and receiving financial aid is complex. It takes time, patience and effort on your part to submit information by our priority dates and to understand the step-by-step process. This publication will help you get started. Planning ahead and following the necessary steps will help you meet your goal. Be sure to allow enough time; completing your financial aid file usually takes two to three months.
You might be surprised to find out how much assistance you can receive, regardless of your family's incomeIncome is the amount of money received from employment (salary, wages, tips), profit from financial instruments (interest, dividends, capital gains), or other sources (welfare, disability, child support, taxable Social Security, and pensions). level. You won't know unless you apply.
To apply for federal financial aid (grants, work-study, loans), you must:
* Non-documented students may qualify for state assistance under Texas Senate Bill 1528. Students can visit the grants page online for more information.
Apply early! The FAFSA is available each January for the upcoming academic yearThe period during which school is in session, consisting of at least 30 weeks of instructional time. The school year typically runs from the beginning of September through the end of May at most colleges and universities.. You can request your PIN and review necessary documents ahead of time. Filing online reduces the potential for mistakes and the processing time.
Mean earnings in 2008 Earnings for year-round full-time workers 25 years and older
Current and prospective UNT students may use the computers in Student Financial Aid and Scholarships office to complete the FAFSA online. Located on the second level of the Eagle Student Services Center (ESSC) in the scholarship library area, the computers are available 8 a.m. to 5 p.m. Monday through Friday.
To receive first consideration for awards, submit your FAFSA by the following priority dates.
If you miss the priority dates listed above, submit your application anyway. Student Financial Aid and Scholarships will continue to process applications received after these dates.
*Summer applicants: In addition to the FAFSA, you will be required to complete the summer application for financial aid, which will be available in early spring at MyUNT. Contact Student Financial Aid and Scholarships for the summer application deadline.
No. Applying for scholarships is a separate process. However, some scholarships could require you to complete a FAFSA. For specific information about scholarships, you should contact Student Financial Aid and Scholarships, the academic department that corresponds to your major, or access the scholarships page online.
Grants do not have to be repaid. They are available to students who meet financial needThe difference between the COA and the EFC is the student's financial need - the gap between the cost of attending the school and the student's resources. The financial aid package is based on the amount of financial need. The process of determining a student's need is known as need analysis. requirements. Several federal, state and institutional grants are available at UNT.
Federal work-studyThe Federal Work-Study (FWS) program provides undergraduate and graduate students with part-time employment during the school year. The federal government pays a portion of the student's salary, making it cheaper for departments and businesses to hire the student. For this reason, work-study students often find it easier to get a part-time job. Eligibility for FWS is based on need. Money earned from a FWS job is not counted as income for the prior year's need analysis process. funds are earned as payment in a program-sponsored job. The program is available to students who meet financial need requirements. Work-study students work 10 to 20 hours per week on campus and receive an hourly wage. A typical award is $5,000 per nine-month academic period. Students who are not eligible for work-study may seek employment on campus by contacting the Career Center at 940-565-2105.
Loans for college are available at low interest rates to students and parents of dependentSee Dependency Status. students and must be repaid after you graduate or drop below half-time status. Some loans are based on financial need and others are available regardless of your financial circumstances. Several loan programs are available at UNT.
For specific information about the different types of grants, loans and other financial aid, visit the Student Financial Aid and Scholarships website.
The federal Department of Education determines your Expected Family ContributionThe Expected Family Contribution (EFC) is the amount of money that the family is expected to be able to contribute toward the student's education as determined by the Federal Methodology need analysis formula. The EFC includes the parent contribution and the student contribution, and depends on the student's dependency status, family size, number of family members in school, taxable and nontaxable income, and assets. The difference between the COA and the EFC is the student's financial need, and is used in determining the student's eligibility for need-based financial aid. If there are unusual financial circumstances, such as high medical expenses, loss of employment, or death of a parent, that may affect your ability to pay for your education, the student needs to tell their financial aid administrator (FAA). He or she can adjust the COA or EFC to compensate. (EFC) based on information you provide on the FAFSA. Parent and student resources are considered the first source of funds to finance an education. Parents' income is not included in the EFC for an independent studentSee Dependency Status. Financial need is the difference between the cost of attendance (COA ) and the EFC. Each university determines its own COA , which includes the average cost of tuition, books, room and board, and personal and travel expenses. If your COA is $18,506 and your EFC is $5,000, the financial need would be $13,506.
Student Financial Aid and Scholarships will review your eligibility for need-basedFinancial aid that is need-based depends on your financial situation. Most government sources of financial aid are need-based. programs up to the amount of your financial need, then review your eligibility for aid programs that are not based on need up to the amount of your COA . Your eligibility for need-based aid ($13,506 in the example) is not a guarantee that you will receive that amount.
Approximately three weeks after you have completed the online FAFSA, you will receive a Student Aid Report (SAR)The Student Aid Report (SAR) summarizes the information included in the FAFSA. The SAR will also indicate Pell Grant eligibility, if any, and the Expected Family Contribution (EFC). The student will receive a copy of your SAR four to six weeks after the FAFSA has been filed. The student should review the SAR and correct any errors on part 2. If the Processor was able to calculate an EFC, the student will be able to submit the SAR to the FAO for corrections (in most cases). If an EFC was not calculated, the student will need to send the corrections to the Processor. It is advised that the student keep a photocopy of the SAR for their records. To request a duplicate copy of a SAR, the student would need to call 1-800-433-3243. and Student Financial Aid and Scholarships will receive your FAFSA data electronically. Check your report for accuracy and submit corrections to the federal processorThe Federal Processor is the organization that processes the information submitted on the Free Application for Federal Student Aid and uses it to compute eligibility for federal student aid. if necessary. If your SAR is accurate, keep it for your records. Student Financial Aid and Scholarships will notify you at my.unt.edu if additional documentation is required. It is important that you respond to all requests for additional information in a timely manner. Your file must be complete and you must be admitted to UNT before processing of aid will continue. You may access your financial aid information at MyUNT.
No. You must apply each year. Changes in federal regulations, educational costs and your family circumstances make it necessary to evaluate your eligibility each year. To continue your eligibility, you also must meet satisfactory academic progress guidelines. You may complete a renewal FAFSA on the FAFSA website as early as Jan. 1 of each year.
Yes. Students can visit our office from 8 a.m. to 5 p.m. Monday through Friday. Inquiries can also be made by calling 940-565-2302 or 877-881-1014 from 8 a.m. to 5 p.m. Monday through Friday. The application process is complicated and every question is valid, so don't hesitate to call or visit Student Financial Aid and Scholarships.