Jump to other news and events
Purdue signature
Division of Financial Aid




A-Z Index            

 

STAR 2012

The information below corresponds to the each slide of the STAR Presentation and provides helpful resources. This information may be updated from the handout that was provided to you at the Paying for Purdue session. 

  1. Welcome (Download the Financial Aid Office presentation or the Bursar's Office presentation)

  2. Today’s Topics

  3. Viewing Financial Aid on myPurdue:  https://mypurdue.purdue.edu  a) Click the Financial tab, b) Select “Award for Aid year” under the quick Links, c) Select 2012-13 from the drop-down menu,  d) Click submit, e) select the desired option from center tab.  Note:  if the students aid information changes, myPurdue will be revised

  4. Scholarships & Grants are called “Gift Aid”.  Detailed info: www.purdue.edu/dfa/sandg/index.php  

  5. Scholarship & Grant tips: a) Do well academically, b) identify opportunities and complete scholarship applications, c) get involved in school/department organizations, d) continue searching for private scholarships.  Merit scholarships are renewable based on specific GPA criteria.  Detailed info: www.purdue.edu/admissions/undergrad/costs/merit_scholarships.html

  6. Information on identifying private scholarships, applications, reporting private scholarships, identifying scams, etc., can be found at www.purdue.edu/dfa/sandg/private.php.  Students might also search at www.finaid.org  and www.fastweb.com.  Families should not pay scholarship search services

  7. Report all private scholarships or other donor assistance from outside sources.  Follow these steps on myPurdue: a) Log in to myPurdue, b) select the "Financial Tab", c) click on "Award for Aid Year" under  Quick Links on the left side, 4) select the current aid year from the drop-down box, 5) select the "Resources/Additional Information" tab and report your private scholarships and fee remissions.   Note: If you are notified of additional private scholarships later, log in to your myPurdue account to report those 

  8. Scholarships credit your bill once received and processed by the Bursar’s Office.  If you receive your scholarship as a paper check:  a) Endorse co-payable checks, b) write PUID on check, c) Do not mail private scholarship checks with bill.  Details at www.purdue.edu/bursar/outside_awards.html

  9. Education loans should only be one part of a total financing strategy  Repayments generally don’t start until after the student graduates, or drops below half-time status (6 hrs. undergrads/4 hrs. grad students) Federal loans have 10-25 year repayment options.  More info at www.studentloans.gov  Note:  Default- Contrary to popular belief, defaulting on student loans is not ignored by colleges, banks, or the federal government.  Default can adversely affect credit and lead to prosecution

  10. Purdue Loans/Federal Perkins Loans:  Student borrower;  5% fixed interest rate; Student signs promissory note at www.ecsi.net/prom3P using the FAFSA PIN; 6-9 month grace period on repayment/interest.  Detailed info (for Perkins Loans): www.purdue.edu/dfa/loans/perkins.php, (for Purdue Loans): www.purdue.edu/dfa/loans/puloans.php

  11. Federal Stafford Loans: Student is borrower; Federal government is lender; 6.8% fixed interest rate; Loan fees apply; 6 month grace period; Detailed info: www.purdue.edu/dfa/loans/stafford.php

  12. Accepting Aid on myPurdue:  Loans and/or Federal Work-Study must be accepted.  Students may accept full/partial awards.  Note: Parents should not use a student password to accept/decline aid on myPurdue 

  13. Federal PLUS Loan:  Creditworthy parent is borrower; Federal government is lender; 7.9% fixed interest rate; apply at www.studentloans.gov ; parent signs w/ parent FAFSA PIN; Note:  Only borrow what you need.  Detailed info: www.purdue.edu/dfa/loans/plus.php

  14. Private loans:  There are a variety of institutions such as banks, credit unions, and lenders that offer private loans; choose carefully.  Helpful info at www.purdue.edu/dfa/loans/altloans.php

  15. Federal Work-Study: Students become eligible for FWS based upon a) their request for FWS on the FAFSA and 2) the income info submitted on the FAFSA.  Students must look for jobs, jobs are not assigned.   Detailed info: www.purdue.edu/dfa/stuemp/types.php

  16. Students can offset some of their educational costs through working.  Students do not have to be FWS eligible to find jobs.  Search for jobs at  https://www2.itap.purdue.edu/DFA/JobPosting/JobSearch.cfm

  17. The Center for Career Opportunities www.cco.purdue.edu helps undergrads w/ finding internships, w/ resume assistance, etc.   The co-op office helps students find co-op experiences after the freshman year.  Detailed info:  www.engineering.purdue.edu/ProPractice

  18. Families should form a strategy to pay for college.  Purdue bills on a semester by semester basis so explore options like the installment plan.  Detailed info: www.purdue.edu/dfa/options.php

  19. Cost Worksheet (Download blank copy)

  20. Parent Tips:  Have a “money talk” with your student;  discuss budgets, borrowing, credit card use, etc.; file the FAFSA annually before March 1st; discuss special circumstances like a job loss, death of spouse, or large medical expense w/ DFA 

  21. Helpful  literacy websites:  www.purdue.edu/mymoney and www.cashcourse.org/purdue

  22. Student Tips:  READ ALL EMAILS from …purdue.edu (Financial Aid, Bursar, Registrar, etc.); Develop a budget; visit www.purdue.edu/dfa often for helpful info

  23. Financial Aid requirements:  Financial aid is dependent on enrollment and course participation.  Detailed info:   http://www.purdue.edu/dfa/policies/add_drop_classes.php.  Students must meet satisfactory academic progress standards to remain eligible for financial aid.  Detailed info:www.purdue.edu/dfa/policies/sap.php

  24. Action Steps:  Review the 2012-13 Checklist page.  Review Purdue Financial Aid policies, procedures, terms, www.purdue.edu/dfa/policies/

  25. Visit www.purdue.edu/dfa/contact.php  for contact information