Federal Aid
What are the two types of direct federal loans students may be eligible for? (to take out in their name)
Subsidized and unsubsidized federal loans
True or False: Bucky's Tuition Promise promises to cover a student's full financial need
What is disbursement?
When loans or grant are paid out the beginning of each semester
True or False: Institutional and state aid is considered non-federal aid.
True
What is the website where students can apply for scholarships?
WiSH (Wisconsin Scholarship Hub)
What federal loans are considered non-need-based?
Unsubsidized loan, Parent PLUS loan, Grad PLUS loan
How many years does BPP promise for transfer students?
2 consecutive years
What is the typical disbursement timeline for the fall and spring semesters?
10 days before classes start
What is the difference between State Aid and Institutional Aid?
What do students need to submit before they can receive a financial aid offer?
FAFSA
How is the Pell Grant calculated?
Their SAI is calculated based on information on the FAFSA and Pell is influenced by enrollment, as well.
How many different promise programs do we offer?
5
Where is the refund sent if a student is not signed up for e-Refund?
What are some criteria used to give departmental scholarships?
Each one is different. Can be based on merit, need, both, or other criteria.
How do you determine financial need?
Cost of attendance (-) SAI
What 2 things do we need to have before a federal loan can be disbursed?
Master Promissory Note (except for Parent PLUS) and Entrance Counseling.
What are the eligibility requirements for the WI Tribal Educational Promise?
1) Be a member of a federally recognized WI American Indian tribe
2) Qualify as a Wisconsin resident for tuition purposes
3) Be enrolled as an undergraduate, J.D., or M.D. student
Where should students send private scholarships?
The Bursar's Office
Who would you ask if you had a question about a private loan?
Federal awards
What are the annual loan limits for dependent undergraduates? Name for all grades.
$5,500 (first year)
$6,500 (second year)
$7,500 (third & fourth year)
What is the difference between the Badger promise for Pell versus non-Pell eligible students?
Pell-eligible students receive up to 4 semesters of in-state tuition and segregated fees. Non-Pell eligible students receive up to 2 semesters.
What do students need to complete if they are enrolled less than full-time?
Credit Level Notification eForm
Who in our office manages all state aid?
John Whitt
What is the name of the website students can use to compare private loan options?
FASTChoice