SJU Financial Aid Virtual Information Session

Jillian can you hear?

There.

Is today your last night? Is this your earth?

You're hanging in there are you doing, OK, you're probably just ready for it to.

Yeah.

Be today are you going to get induced.

Oh, OK.

Yeah, yeah to never know they can do whatever they want so they don't keep on schedule. I hope it goes well? Yeah.

Yeah, I will be thinking about you and then? When do you? When do you come back like February?

Play.

Yes.

Yeah doesn't count against him. That's good, yeah, I have that you have to stay in any way with a newborn. So it's going to be cold anyway. It's always nice like when they are past the first few months. We can get him out to walk in the spring.

I will take them out the first couple months anyway. 'cause I wanted to get sick and it was all season, so I had my daughter was born Halloween Yeah.

Yeah, she was due 2 weeks before that, but she came home because I didn't really want to go. I was like so far. and I don't want to go anyway. I don't want to get sick flow or anything, so by the time. It was ready to go. Then it was spring and we could get her outside and everything so.

That's a nice thing alright well, hang up and let you go, but let me. Let me know when I'm going to try the broadcast audio just without the Phone on in just a test so that's why I'm probably hear me doing that? Could you see the slides advance when I just just now OK Great Alright Thanks Joanne.

Sure, alright take care bye bye.

Jillian can you hear me?

Good evening, everyone we still have a few individuals that are joining us so we're going to get started in about 1 minute.

Thank you for your patience.

Good evening, everyone we're going to get started my name is Liz Ryan Lewinsky and I'm director of financial aid here at Saint Joseph's University and I'm very happy that you have taken time out to listen to the presentation. This evening if you do encounter any difficulties. I do also have our communications director Gillian Chapline, Manning, the chat room. So you can certainly type any issues that you might be having in the chat box, which should be to the left of your screen.

Our presentation will run about 45 minutes or so this evening and we will certainly have time for questions. I also did want to mention that anybody that attends this evening will get mailed. A copy of the presentation. So no pressure to feel that you need to take notes and before we get into it because financial aid. I think can be such a bit of a dry topic. It's good to have a bit of a laugh. Perhaps some of you.

Parents of perspective high school students can identify with this.

For those of you that have not been through the college financial aid process with other children in the family. This will be a really the main topics that we will run through and no worries. Our presentation this evening will assume that you have no prior knowledge about the process.

My hope is that all of your students will attend, St Josephs University. But in the event that they do not I hope the information that we do cover this evening will be helpful to you as you go through the emissions an financial aid process. But before we get into the meat of our presentation about financial aid. You there's been a significant amount of media attention about the value of a college education over the last 5 to 10 years and I always find it interesting to look at the Bureau of Labor Statistics data that's put out on.

Howard individuals median weekly earnings, which is the green bar here is different for someone with a high school diploma versus someone with a bachelors degree as well as the unemployment rate, which is the blue bar here and you can see again. That's very different for someone with a high school diploma versus A4 year degree. So I'm certainly preaching to the choir or you would not be taking time out of your busy schedules. This evening to hear our presentation, but I think it's always good to see that.

At a college education is certainly an investment in your student's future.

Here at Saint Joseph's University. We do take return on investment very seriously and I think to aid our students in getting an investment in their education. There is certainly a good amount of of support to help them have experiential learning during their time at Saint Joseph University. Whether that's through an internship or coop as you can see the majority of our students are doing at least 1 experiential learning opportunity during their time at Saint Joseph's University.

And when we survey our graduating class. The data that we have complete for the most recent class with the class of 2018, but 6 months out you can see the majority of them were employed full time pursuing graduate study, or in full time volunteer programs within 6 months of graduation and there's a great deal of information about outcomes and what our graduates are doing and where they are working at sju.edu outcomes if you want to see more information about that.

Buttom without further ado will jump into the topic at hand and that is really financial aid and what it is, and again as I said, I'm starting with the most basic definition, assuming no prior knowledge, but financial aid is really assistance to help your student fund their education and it can be in one of 4 forms grants and scholarships are obviously the preferred form of financial aid since they don't have to be paid back but loans and student employment or what many colleges call work study is also another form.

All financial aid.

When you look at financial aid as a whole. However, there are really 2. Major categories or types of financial aid. We have merit based aid and then we have need based aid merit based aid as the name implies is financial aid. That's awarded to your students strictly on the basis of Merit. It has nothing to do with the financial situation of the student or his or her family merit based aid is always in the form of a grant or scholarship and to give you an example. Some types of Merit, based aid might be awarded to your student, perhaps on the basis of their academic record.

Perhaps on the basis of special skills or talents that they might have perhaps they've been very involved in Co. Curricular activities community service. I think the takeaway is again merit based aid has nothing to do with the finances of the student or the family. It does not have to be repaid and often times if your student is offered a form of Merit based financial aid. They will be notified that it's renewable from year to year provided they meet certain criteria. We're going to talk about merit based aid opportunities at Saint Joseph's University in a moment.

But merit based aid is very different than the other type of financial aid, which is need based aid need based aid as the name implies is financial aid awarded to students on the basis of their financial need, and for dependent students, which I'm guessing most of your students are dependent when it comes to federal financial aid guidelines, which we'll talk about in a moment, it means that need based data is also based on the finances of the family as well. Now need based aid can be in the form of a grant.

But it can also be in the form of a loan as well as work study and federal work study that will also talk about shortly is based on financial need, so because need based aid is based on the financial situation of the student in his or her family, you reapply forward each year, which makes sense because your finances could potentially change from year to year so I just wanted to give you that basic understanding of the types of financial aid as well as the 2 major categories of financial aid.

At Saint Joseph's University, the primary financial aid application that we utilize is called the FAFSA. The free application for federal student aid, if I had you in a room in front of me. I would ask for you to give a show of hands of how many of you have completed your FAFSA, but I'm going to venture to guess since I can't see you that probably over half of you have probably completed the FAFSA if your student is a high school. Senior and entering college next fall. The faster is the free application for federal student aid, and it is the application for federal aid.

As well as state aid.

Anne also for many colleges and universities such as Saint Joseph's University. It's also the application that we used to award any institutional need based grant aid as well. I will mention there is another format. There called the CSS S profile. Saint Joseph University does not require the CSS S profile form, but you might encounter. Some other private colleges in your students admissions and financial aid process that do require that form there is a fee associated with the CSS S profile form.

A man it collects information well beyond what is asked for on the FAFSA so for example, that CSS S profile form will ask for information about the non custodial parents finances. It will also ask for information about some assets that are not collected on the FAFSA. So just wanted to mention that but rest assured, Saint Joseph's University does not require the CSS S profile form.

If your student is currently a high school senior the fast it became available for you to complete October 1st. So it is out there at fafsa.gov very important that you do not go to fafsa.com that is a private company that charges students and families to file the FAFSA. Most financial aid. Administrators will recommend that you file on your own and if you have questions instead consult with the financial aid office at a college or University so for high school seniors, completing the 2020 dash 2021 Fasa.

Boy, that is a mouthful it will be based on your prior prior year income, which would be your 2018 calendar year income.

That's great because it means you don't need to wait to file your twenty twenty federal taxes up in the New Year in order to file the FAFSA. You have already filed your 2018 taxes. So the information is readily available. If we do have the parents of any high school juniors, joining us. The facts so that your student will complete for their first year in college will be the twenty twenty one dash 2022. Fasa, which will become available next October of 2020.

But as I said the fastest the application for federal and state financially Dan at Saint Joseph's University. We use the information from the FAFSA to award our need based grant aid through the University as well. If you haven't completed your FAFSA. I did want to mention there's both apparent section. Anna student section on the form. And when you complete the FAFSA online. You can list up to 10 colleges or universities to receive your students FAFSA information electronically.

If any of you are sitting there, thinking Oh my my students applying to more than 10 colleges don't worry. You can simply go back to the submitted Pfaff so once you have filed with the initial one and add additional colleges and universities. The good news is that you only file 1 fax a form per year per student and again, you have the ability to add additional schools. Anytime you add a college to your students online facet they will receive your students fast information electronically.