FINANCIAL AID Your Guide to
WELCOME!
ItisanexcitingtimetobeaGreenvilleUniversityPanther.Wefind ourselvesuniquelypositionedtopreparestudentsfortheopportunities andchallengesahead Throughaninnovativecurriculumanddynamic communitylife,wearecommittedtodeliveringaChrist-centered education,empoweringstudentsforlivesofcharacterandservice.
Weknowthatnavigatingthefinancialaidprocesscanbestressful,which iswhywenotonlywanttoequipyouwiththisbooklet,butwealso promisetobetheretohelpyoueverystepoftheway!Wearecommitted tomakingsurethatourstudentshaveallthesupporttheyneedtohavea life-changingexperiencehereatGreenvilleUniversity!
Eachyear,donorsandalumniatGUfundmorethan$1millionin scholarships.TheyLOVEhelpingstudents.TheybelieveinGU’sChristfocused,liberalartseducation Manygivebecausetheywantyouto experiencetheacademic,spiritual,andemotionalgrowththey experienced nottomentionforminglong-lastingfriendships while attendingGU
Again,pleaseknowthatweareheretohelpeverystepoftheway!Please emailusatadmissions@greenvilleeduorcall/textusat618-227-6166
Sincerely,
Victoria Clark
ChiefEnrollmentOfficer
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4 Next Steps at GU 6 Understanding Your Award 9 Resources to Reduce the Cost 11 Financial Aid Hub 12 Pay Your Bill
Table of Contents 3
Greenville University was able to help me apply for financial aid and scholarships which made my choice to attend GU easy. They showed me how many options there were to help me pay for school.
8 Understanding the Cost
- Julia Britton
NEXT STEPS
Schedule a Financial Aid Call with your Admissions Counselor.
Say Yes to GU! Submit your Enrollment Deposit. The $200 Enrollment Deposit is refundable through June 1st and is applied to your bill
Accept your Awards and Loans. Log onto your Financial Aid Hub to view and accept your award More information on page 11
greenville edu/admissions/deposit html apply greenville edu/apply/status
Complete your New Student Enrollment forms. Complete your enrollment forms on your Student Status Page 4
Student Loan Entrance Counseling
Student Loan Master Promissory Note (MPN)
Taking out loans? Complete the following documents: Parents taking out loans? Complete the following documents:
Parent PLUS Loan Application (Available April 1st)
Parent PLUS Loan Master Promissory Note (MPN)
Please be sure to check your financial aid hub and email account to see if the financial aid team needs additional documentation
Register to attend Pre-Panther Day this summer: studentaid gov/h/complete-aid-process
Submit your final official transcripts after graduation
Set up a payment plan and/or pay your remaining balance. Bills are available after July 1st. See more information on page 12
March 31st June 16th July 14th 5
UNDERSTANDING YOUR AWARD
We strongly advise that you schedule a financial aid call with the admissions team to make sure that you fully understand your award.
Your financial aid award gives you an indication of how much financial aid you qualify for. There are three primary types of financial aid:
Federal and State Grants
These grants are free money This is money that you do not have to pay back. It has been offered to you based on the information that you filled out on your Free Application for Federal Student Aid (FAFSA).
Common Grants
Pell: Federal Grant
SEOG: Federal Grant
MAP: For Residents of IL only
QuickTip
Many institutions will offer you more money your first year than for your subsequent years That is NOT the case at GU, but we do encourage you to ask this question as you review other financial aid awards
Greenville Grants and Scholarships
This is free money This is money that you do not have to pay back. It has been offered to you based on need and/or merit 100% of traditional undergraduate students receive scholarships. You should see at least one GU scholarship on your award
This is your award for your entire time at GU if you maintain good standing with the institution and with your scholarship program (See your offer letter for specific parameters).
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Schedule your personal financial aid call
Federal Student Loans
Your financial aid offer lists federal loans for which you are eligible
This is based on the information you supplied on your FAFSA. You borrow federal student loans from the US Department of Education. They are subsidized or unsubsidized Please note that you are not required to take out student loans nor are you required to take out the entire loan that you are offered. This is just one option that we provide you with to help finance your education.
Subsidized – Awarded to students who demonstrate financial need. The US Department of Education pays the interest while the student is enrolled at least half-time. Payment is deferred until 6 months after graduation or withdrawal from school. Unsubsidized – Awarded to students who complete the FAFSA each year. Interest begins to accrue at the time of disbursement. Payment is deferred until 6 months after graduation or withdrawal from school.
Parent PLUS Loan – Credit-based loan from the US Department of Education that a parent or guardian can apply for each year. The maximum amount a parent or graduate student may apply to borrow is equal to the Cost of Attendance less any other financial aid for which the student has qualified Applications open on April 1st
If a PLUS Loan is not approved, a student may be awarded additional unsubsidized loans in its place.
An origination fee is a percentage of your loan amount charged by the lender for the processing of your loan. Therefore, the amount you receive might be slightly lower than the amount you accept.
The interest rate is the percentage of the amount loaned charged as a fee to the borrower on top of the principal balance
Direct Subsidized Loans (22-23)
Direct Unsubsidized Loans (22-23)
Parent PLUS Loans (22-23)
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4.99% 4.09% 7.54% 1.057% 1.057% 4.228% Loan Type Interest Rate Origination Fee Interest Rate Origination Fee
UNDERSTANDING THE COST
Greenville University aims to be up front and transparent about our costs and payment options. The figures below are on an annual basis and are estimated charges.
room isn’t just where you sleep, this is your home for your time at Greenville, and we want you to make it your own! We encourage you to personalize your room to make it feel like home.
Tuition
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$29,998 $4,498
Plan
Flat Rate Tuition - Tuition covers 12-17 credit hours each semester
Housing Your
Please Note: All Residence Halls & Houses close during Thanksgiving, Christmas, and Spring Break Students wishing to stay over these times must sign up in advance The cost to stay over breaks is $30 a day Meal
$5,450
Student Fees General Student Fee Parking Permit Graduation Fee (Covers cost of cap and gown) Independent Study Fee
per credit Small-Group Music Fee - per credit Private Music Fee
Per credit $600
Athletic Fees Athletic Insurance - Required for all intercollegiate athletes $350 $600 $149 $149 $130 $180 $385 Total Estimated Cost $40, 896 This form provides an estimated cost based on current information and should not be considered an official aid award or billing statement. Actual cost and aid could vary and any item is subject to change Students will only be billed for Tuition, Fees, Room, and Board by GU Cost of Attendance with estimated expenses for books, personal, and transportation can be found here The Cost
is provided as an estimate for planning purposes for GU families
Unlimited meal swipes in the dining hall per week $25 flexdollars per semester 5 meal exchanges per week 5 guest passes per semester All students are placed on the All-Access Plan which includes:
Meal exchanges are meals from The Hoguey & the Hen in the Student Union Flexdollars are used to purchase ala carte items from The Student Union and can be used to purchase items from the Fresh Ideas machines
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This cost is based on where most first-year students live. Very few single rooms for incoming students are available each year and are typically reserved for students with medical needs.
of Attendance
Optional Interterm - a 2-week period in January when students take just one 3-credit class. Around $900 for tuition, meals, and housing.
RESOURCES TO REDUCE THE COST
Keep in mind that full-tuition scholarships are rare. However, don’t be discouraged. With effort and work on your part, you can now have options that will allow you to graduate from college with minimal to no debt
Work Study
Greenville University wants you to not only graduate with a degree but also with a resume filled with experiences. Having a student job on campus is not only a great way to help finance your education but also a great way to strengthen your resume Keep in mind if you earn $10 per hour and work for 8 hours each week in a 15-week semester, that would help you earn $1,200 a semester to help cut the costs. Greenville will partner with you to find employment. Just contact:
Kelli Pryor, Coordinator of Career Services 618.664.6655 kelli.pryor@greenville.edu
Also, many corporations that you may work for during the summer will not only pay you a salary, but they also offer scholarship opportunities In some careers, it might be possible to work and have your employer pay off your student debt for a guaranteed number of work years within the company.
Outside Scholarships
Scholarships come in many forms and from many sources including your high school guidance office, local organizations, associations, foundations, employers, your church, or family members. It is never too late and always a good time to look for outside scholarships. Outside scholarships are awards that do not come directly from the university.
This aid must be counted by the Financial Aid Office as a resource, so be sure to make us aware of any money coming in from an outside source
Cost Comparison
Have you received a scholarship award from another institution that is better than your award at GU? If so, send us that scholarship offer letter and we will do our best to match what the other school is offering you.
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Membership Scholarships
Are you interested in choir, band, worship team, gospel choir, cheer, dance, esports, bass fishing, or outdoor adventure club? If so, you may be eligible for additional scholarships. Talk to your admissions counselor to learn more!
Church Match Grant
Ask your church representative to submit the Church Partnership Application. Applications must be received before March 1st prior to enrollment. GU will match up to $1,000 of support received from the church Learn more here.
Private Loans
Sometimes federal student and parent loans are not enough to cover all educational expenses. For this reason, students and parents may consider applying for a private, alternative loan that may be used as a supplemental resource for paying college costs Alternative Loans are unlike Direct or PLUS loans, for they require a separate application, a credit check, and may require a co-signor. Many factors can be used to evaluate each loan product and lender. The factors include, but are not limited to, interest rates, origination fees, loan principal reductions, borrower type, and customer service. You are free to choose any lender and loan product you feel best suits your needs Learn more about your loan options here!
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Go to the Financial Aid Hub website:
If you are a
time user, click
user
the Log
the
side 3. Enter your
ID found in your Financial Aid Notice Verify your Birth Date. Verify Social Security Number Set up Security Questions Enter your Account Password Accept Greenville University's Financial Aid Terms and Conditions 4 You will then be asked to: (
) Congratulations! Your Financial Aid Hub account is set up and your awards have been accepted! 11 5. Using the top menu select "Accept/Decline Aid" and review each aid item and accept or decline each one.
FINANCIAL AID HUB 1.
fa.greenville.edu 2.
first
"First Time
in
In box on
right hand
Student
MM/DD/YYYY
PAY YOUR BILL See your Current Balance Due/Billing Statement Make A Payment Set up your Payment Plan View your account transactions Manage your Refund Preference/Set Up Direct Deposit Log into my.greenville with your GU Username and Password. On the home page select "Students", then "myFinancials", then click on the blue “Pay Using Nelnet” button. From your Student Account Dashboard you can: my greenville edu/ICS/ 12 Your first bill will beavailable July 1st Account Summary Shows total amount due. Credits will show in parentheses. Account Activity Transactions that make up the amount due. Statements View any current or past billing statements Select the statement you wish to view and choose "View Your Bill". Payment Plan Create or adjust payment plans. Payment Options View all payment options including payment plan or one-time electronic check or card payment. Refund Track any issued refunds and edit refund preferences. Refund options include direct deposit or paper check
QUESTIONS?
We are here to help with any question you may have about your scholarships, financial aid, grants, loans, payments, or anything else you can think of! Here are a few ways to connect with the admissions team.
Schedule a personal call:
Call: 618-664-7100 Text: 618-227-6166
admissions@greenville edu
