SAIC Student Financial Award Guide by Wade Lynsia

STUDENT FINANCIAL SERVICES 2009–10 Financial Aid Award Guide

www.saic.edu

WELCOME TO STUDENT FINANCIAL SERVICES! Our staff is committed to assisting you with financing your education at SAIC. We strive to partner with students and families in obtaining scholarships, grants, loans and student employment for those who are eligible.

HOW TO REACH THE STUDENT FINANCIAL SERVICES OFFICE Please contact the Student Financial Services Office for additional assistance. The best ways to contact the office are listed below.

GENERAL INFORMATION Free Application for Federal Student Aid — FAFSA Students, and parents, must file the FAFSA annually

2) Office Hours — Visit the office Monday through Friday, 8:30 a.m. to 4:30 p.m., to see an Advisor. You may also call to schedule an appointment if your time is limited. 3) SAIC Portal or Email — Please visit the SAIC portal for information or email questions to finaid@saic.edu.

to reapply for aid for the next academic year. To receive maximum consideration for SAIC grant funds, the FAFSA should be filed by March 15 each year. You will receive a Student Aid Report (SAR)

We have reviewed your FAFSA and have

confirmation via email 3–5 days after your FAFSA

determined your eligibility for financial aid.

is processed. You should review it to make sure the

Your award letter and further instructions

information provided on the FAFSA is correct and

are enclosed. Please review this packet of

follow the instructional comments. If estimated tax

information which is designed to assist you in

information was used to file the FAFSA initially, it

understanding your options, outline some next

should be updated once the actual tax information

steps, and to ensure that funds are in place

is available.

when you begin classes.

1) Telephone — Please call 312-629-6600 for student account and financial aid questions.

Verification

RE-EVALUATING YOUR FINANCIAL AID If your family’s finances have changed after filing the FAFSA, due to loss of employment, loss of untaxed income, separation, divorce or death, or you feel there was information about your situation that you were unable to provide on the FAFSA, you should submit a letter of appeal with supporting documentation to the Financial Aid Appeals

Enrollment Status Initial financial aid awards are calculated based on the number of hours reflected on the student financial aid award letter and, upon the student’s degree or certification program. Student awards are re-packaged to match their current enrollment before each billing invoice. Students may request an estimate of financial aid for a different enrollment status by emailing a request to finaid@saic.edu.

Please feel free to visit the Student Financial

Confirmation of the information provided on your

Services Office, Monday through Friday from

FAFSA is called Verification. If your file has been

8:30 a.m. to 4:30 p.m., in Suite 1218 of the

selected for verification, you will find a request

Sullivan Center on a walk-in basis. Appointments

included listing the additional documentation

are also available upon request should you be

needed to complete the verification process.

it’s financing. For a complete listing of dates and

visiting SAIC. We are happy to assist you with

Forward this requested information to the Student

deadlines, please refer to the portal.

the financial aid process and other payment

Financial Services Office immediately to avoid a

options. You may also contact us by telephone

delay in updating your financial aid award package,

at 312-629-6600. Please select option 9 to speak

if necessary.

Committee. Your financial aid award package will be reviewed to determine if this information affects

Important Dates to Remember There are a number of dates and deadlines to

your eligibility for aid.

be aware of as you plan for your education and

APPLICATION PRIORITY DUE DATES

to a Student Financial Services Advisor. You may also email us at finaid@saic.edu.

Deadlines: For purposes of the Federal Pell grant, verification must be completed by September 29,

Annual FAFSA Applications

March 15

My staff and I are looking forward to serving you

2010, or 120 days after the last day of the student’s

Loan Application(s) — Fall

July 1

and are ready to help in any way that we can.

enrollment, whichever is earlier. For purposes of

Loan Application(s) — Spring

December 1

the Federal Stafford and PLUS loan programs,

Sincerely,

verification must be completed before the last

First Bill Mailed to Enrolled Students (estimated)

Payment Due (first day of the term)

Fall 2009

July 24, 2009

Fall 2009

September 3, 2009

2010. Students that miss the required deadlines risk

Winter 2010

November 25, 2009

Winter 2010

January 4, 2010

losing their eligibility of funds.

Spring 2010

December 23, 2009

Spring 2010

January 28, 2010

Summer 2010

April 26, 2010

Summer 2010

June 1, 2010

day of attendance and for all other types of aid, verification must be completed before June 30,

Patrick S. James Director of Student Financial Services

Billing Process

Payment can be made through the SAIC Bursar’s

Tuition and fee bills are mailed monthly to students

Office (37 S. Wabash, Chicago, IL 60603) using

Financial aid advances are processed during

who have a balance due and to those who have

cash, check or money orders (made payable in U.S.

the first 5 weeks of the semester. Students are

Academic Competitiveness Grant (ACG Grant)

had account activity since the last monthly bill

currency) or online for credit card (Mastercard,

eligible to apply for an advance equal to 50%

The Academic Competitiveness Grant is a federal

was sent. The bill includes all account activity that

American Express and Discover) and ACH

of their anticipated credit balance up to $1,000.

grant for undergraduate students who are also

occurred during the period of time listed at the top

(electronic funds) payments. A service fee will be

An advance can be requested online under the

Federal Pell Grant eligible, have completed a

of the bill. Any account activity that occurred prior

charged to make a credit card payment online. The

Financing Your Education section or SAIC Self-

rigorous secondary school program, and are

to the beginning date on the statement is included

fee will be based upon the amount of the payment.

Service of the SAIC Portal.

enrolled in either the first or second year of a

in the balance forward line. New undergraduate

There is no fee for an ACH payment.

student laptop charges are billed separately.

Laptop Payment Options Tuition and fee bills are processed and mailed

Laptop payments options for the Fall 2009

around the 25th of each month. Payment in full or

semester will be mailed to families in June 2009.

degree-seeking program. First year ACG students

GRANTS AND SCHOLARSHIPS

must have graduated from high school after January 1, 2006 and can receive a maximum of $750 for their first year of study. Second year ACG

Federal Pell Grant

students must have graduated from high school

The Federal Pell Grant is a need-based program

after January 1, 2005 and have a cumulative grade

the first day of the semester. The balance due

Payment Plan Options

for undergraduate students who have not earned a

point average of least 3.0 from their first year of

reflected on the bill is the amount not covered by

Deferred payment plans are available online

bachelor’s or graduate degree. For the 2009–2010

undergraduate study. Second year students can

anticipated financial aid. The student’s anticipated

through SAIC Self-Service for tuition and fee

aid year, the Federal Pell amount ranges from

receive a maximum of $1,300 for their second

aid is listed on the bill and does not include the

balances, and laptop computer balances for all

$609 to $5,350 for students with an Estimated

year of study. All students who are eligible for

amount of Federal Work Study or SAIC student

new undergraduate students required to purchase

Family Contribution (EFC) ranges of 0 to 4617 as

these awards are identified through the FAFSA

employment eligibility the student has for the

a laptop computer.

determined by the information the student and the

application process. Students can only qualify to

parents (if the student is dependent) submitted

receive one year of the ACG grant at SAIC.

payment arrangements must be made on or before

semester as the student will be paid directly on a Tuition and fee plans — Payment is due the 15th

on the Free Application for Federal Student Aid

of the month with the first payment due in August

(FAFSA). The Federal Pell Grant award amount is

Bills are sent to the student’s billing address. If the

for the fall semester and January for the spring

determined by the number of credits for which

Illinois State Grant — Monetary Award Program (MAP)

student has not provided a billing address, or the

semester. There is a $50 enrollment fee due at the

the student is enrolled and their EFC. The award

Note to State of Illinois Residents

address provided by the student is not active, the

time the payment plan is established and a $40 fee

amount could change if information is corrected on

By completing the FAFSA and agreeing to share

bill will be sent to the student’s home/permanent

for each late or missed payment. Payment plans

the FAFSA by means of the Verification process

that information with the Illinois Student Assistance

address. If this address is not active, the bill will be

can be established once tuition and fees have

or any other updates. Please see the section in this

Commission (ISAC) you have been considered for

mailed to the mailing/local address.

been charged for the semester. For more

guide on Verification for more information.

the State of Illinois (IL) Monetary Award Program

biweekly basis for hours worked.

information on the payment plans at SAIC and

(MAP) Grant. If you were determined to meet the

Students are expected to monitor their student

how to make a payment, please visit our website

eligibility criteria for the MAP grant, an award is

account balance, be current on payment of their

at www.saic.edu/sfs.

account balance, and maintain their addresses in

Federal Supplemental Educational Opportunity Grant (FSEOG)

included on your award letter. This award may be an estimate made by the Student Financial

SAIC Self-Service. All students who are not current

Refunds and Advances

FSEOG is awarded to both independent and

Services office and, if so, is identified as a “State of

on their account balance are subject to late fees

Refunds are processed for actual credit balances

dependent students with the highest need at

IL MAP Grant (Est).” MAP grants are limited based

and will be prevented from future registration and

on a student account. Financial aid advances are

SAIC. This is typically all undergraduates with an

on the number of applicants and funding levels

release of academic transcripts/diplomas.

processed for students who anticipate having a

EFC of zero including those enrolled part-time

appropriated by the Illinois General Assembly.

credit balance on their account once all financial

Awards are made to all applicants who meet the

Please be aware that in light of state funding

Payment Options

aid funds are received and credited to the student

award criteria on a rolling basis until funds are

constraints, reductions to estimated or actual MAP

Students must pay in full or make the necessary

account.

exhausted. The maximum amount of a FSEOG

grants are possible.

award at SAIC for the 2009–2010 academic year

arrangements for payment of tuition and fees by the first day of classes to avoid incurring financial

Refunds are typically processed following the end

is $4,000. The award amount could change if

Eligibility for the MAP grant is tracked by the

penalties. Payment or arrangements for payment

of the add/drop period for the semester, however,

information is corrected on the FAFSA by means

equivalent number of semester credit hours of

of a laptop computer must be made prior to

there are exceptions when the credit balance is

of the Verification process or any other updates.

MAP benefits paid on your behalf. This is called

delivery of the laptop computer.

generated by private and/or federal loans where

Please see the section in this guide on Verification

MAP Paid Credit Hours. Payment for each term is

the loan funds are received before the end of the

for more information.

being made according to the equivalent number

add/drop period.

of credit hours eligible for MAP payment, with

and community affiliations you or your parents

bi-weekly. The amount of the award is dependent

more than 20 hours per week) and earn at least the

a minimum of 3 and a maximum of 15 MAP Paid

may have, to find out if they offer scholarships

on the student’s need according to the FAFSA and

current federal minimum wage. Students are paid

Credit Hours.

for which you may qualify, and how to go about

available funding through SAIC. FWS eligibility is

bi-weekly. Students can use the services available

applying for funding. In addition to checking

reflected on a student’s award letter. Students are

in the Career Development Office to assist them in

There is a limit on the number of MAP Paid Credit

with the associations you may have, you will

responsible for securing employment and can use

their search for institutional employment positions.

Hours that can be paid while you are classified by

find information listed on the SAIC website

the services available in the Career Development

your school as a freshman and sophomore. This

(www.saic.edu/sfs) about organizations offering

Office to assist them in their search for FWS

The Career Development Office, located in the

limit is the equivalent of 75 MAP Paid Credit Hours.

scholarships to students. Suggested scholarship

positions.

Sullivan Building at 36 South Wabash, Suite 1204,

If this maximum is reached, you must attain junior

search websites are also listed at that location.

status for your MAP grant eligibility to resume.

Outside scholarships are generally forwarded

SAIC Institutional Employment

at careers@saic.edu. The Career Development

The maximum number of MAP Paid Credit Hours

to SAIC to be directly applied to the student’s

The SAIC Institutional Employment program

Office maintains an on-line database of available

that can be received is capped at 135. If a State of

account or disbursed to the student after

is available to international students, teaching

student employment jobs, called “Launch,” and can

IL MAP Grant (Est) is not included in your award

the semester begins. Please be advised that

assistants (TAs) for graduate students, students

be accessed through the SAIC Portal. Students

letter, you are not eligible for the grant at SAIC.

any assistance you may receive is counted

participating in the Cooperative Education

must complete all necessary payroll documentation

toward your overall Cost of Attendance. Please

program and students hired to fill a limited number

within 3 days of being hired in order to meet federal

Illinois Incentive for Access (IIA)

submit documentation regarding your outside

of highly specialized positions. Much like the FWS

employment regulations. These documents and

The IIA grant assists students who have a limited

scholarships to Student Financial Services by fax or

program, students work to earn money for their

further information can be accessed in the SAIC

ability to pay for college. The IIA Grant is awarded

mail so that a revised award letter that includes the

education. Both undergraduate and graduate

Portal by going to the Student Financial Services

to first-time, freshmen students who have a zero

outside scholarship can be sent.

students employed through the institutional

section and then clicking on Student Employment.

can be reached by phone at 312-629-6820 or email

employment program work part-time (typically not

EFC, enroll at least half time and who are Illinois residents or for dependent students whose

Third-Party Assistance

parent(s) are Illinois residents. The IIA grant is a

In some cases third-party organizations are

one-time award of $500.

responsible for partial or full payment of your tuition and fees. Examples of third-party assistance

Federal Stafford Loans

SAIC Merit Scholarships

include college savings plans, veteran benefits,

The annual borrowing limit for a Federal Stafford Loan for students is based on the student’s academic level

SAIC Merit scholarships are awarded during the

rehabilitation programs or employee assistance

including transfer credits. A student may be eligible for both a subsidized and an unsubsidized loan in the

admission process. If you have been awarded a

programs. It is important that all notification of

same academic year. The interest rate is fixed. Beginning July 1, 2009, for undergraduate students, the Federal

Merit Scholarship, you will see it listed on your

this type of assistance be submitted to Student

Subsidized Stafford Loan rate is 5.6% and 6.8% for Federal Unsubsidized Stafford loans. For graduate level

award letter. Inquiries about the merit process

Financial Services prior to the start of each

students, the interest rate for Federal Subsidized and Unsubsidized Stafford Loans is 6.8% beginning

should be directed to the Admissions Office at

semester. A student’s initial award package

July 1, 2009.

312-629-6100 or admiss@saic.edu.

may have to be adjusted to accommodate this assistance. Please submit, or have the third-party

SAIC Need-Based Grants

submit on your behalf, documentation to Student

Need-based SAIC grants are awarded based

Financial Services by fax or mail.

on the availability of funding to students who demonstrate need through the FAFSA application process. Endowed and restricted scholarships are awarded to students who meet the above funding requirements and donor established criteria.

Outside Scholarships

STUDENT EMPLOYMENT AND LOANS Federal Work-Study Program (FWS) The Federal Work-Study program provides

An option to explore additional funding for your

students the opportunity to earn money for their

education is outside scholarships. You can start this

education. Both undergraduate and graduate

process as soon as possible by asking questions

students may work part-time (typically not more

and doing research. Contact organizations you and

than 20 hours per week) and earn at least the

your parents belong to and professional, religious

current federal minimum wage. Students are paid

Credits Earned

Subsidized Unsubsidized Dependent/Independent Dependent ** Independent

Freshman

(0–29)

$3,500

$2,000

$6,000

Sophomore

(30–59)

$4,500

$2,000

$6,000

Juniors & Seniors

(60 or more)

$5,500

$2,000

$7,000

Post Baccalaureate

(0–30)

$5,500

$7,000

Graduate

(0–102*)

$8,500

$12,000

* Credit hours dependent on program. ** If a parent is denied a PLUS loan and SAIC receives proof of this denial from the bank or the parent, the student is automatically awarded an additional unsubsidized loan. For freshmen and sophomore students, this eligibility is $4,000 and for junior and seniors it is $5,000.

CHECKLIST FOR SECURING YOUR FINANCES Please complete this checklist to determine your costs and secure your finances for the upcoming academic year. All students have a total or aggregate limit

automatically awarded an additional unsubsidized

for borrowing the Federal Stafford Loans.

loan. For freshmen and sophomore students, this

This limit depends on degree program and

eligibility is $4,000 and for junior and seniors it

dependency status. The maximum for dependent

is $5,000. Graduate students must also complete

undergraduate students is $31,000 of which

Entrance Counseling at www.mappingyourfuture.

no more than $23,000 may be subsidized;

org. Graduate students should choose the

independent undergraduate/post baccalaureate

option called “Stafford and Grad PLUS combined

students is $57,500 of which no more than

entrance”.

1. Review the enclosed 2009–2010 award

$23,000 may be subsidized; and graduate students is $138,500 of which no more than $65,500 may be

Private (or Alternative) Education Loans

subsidized .

Private education loans are offered by private lenders and are available to students to assist with

letter, award guide and request for additional information (if necessary). These documents include award descriptions and amounts, costs, and important deadlines. It is important that you ensure funding is in place by the first day of classes each semester. It is recommended that you complete this process by July 1, 2009 for the fall and spring terms to allow adequate time for the processing of these funds.

____ Be sure to review the information included in this mailing and understand the important information and deadlines.

All students who receive a Federal Stafford Loan

their educational and living expenses in addition to

must complete entrance counseling at

the Federal Stafford and PLUS loans. These loans

2. Complete the Figure Your Costs Worksheet.

www.mappingyourfuture.org — an online

should only be used as a final choice and are not

counseling session that informs borrowers of the

recommended to students and families unless the

loan terms and explains repayment. They also

Federal PLUS is not an option, especially in the

must complete a Master Promissory Note (MPN)

case of Graduate students. Any student applying

through the student loan section of the website of

for a Private Educational Loan must first complete

the lender of their choice. The promissory note is

a separate application and pass a credit approval

the document authorizing the borrowing of funds

with their chosen lender. Private Educational Loans

with the lender. Both the counseling session and

will be included as a resource in your financial

the Promissory Note must be completed in order

aid package and cannot exceed your Cost of

to accept and complete the loan(s).

Attendance Budget.

Federal Plus Program

Loan Period Dates

Both graduate students and parents (biological,

When applying for a Federal PLUS loan or a

adoptive or step-parent providing financial

Private/Alternative Education loan, borrowers

support) of undergraduate students may apply for

must provide a requested loan period. If enrolling

the Federal PLUS loan program. Post Baccalaureate

for both the fall and spring semesters, borrowers

students are not eligible. In order to be approved,

should use September 3, 2009 through May 16,

borrowers must be credit worthy. Credit approvals

2010. Summer loans are typically a stand alone

are done at the time of application. Borrowers may

term. Borrowers requesting loans for summer

also request a Pre-Screen or Pre-approval in which

should use the loan period date of May 26, 2009

their credit is checked without actually completing

through August 14, 2009.

the full application. The maximum amount of the Federal PLUS loan allowed is the student’s cost of

Lender Choice Research

attendance minus all other financial aid including

The following websites may be very helpful in

loans and Federal Work Study. Parents and

research and determination of a lender for the

Graduate Students interested in receiving a Federal

above programs. Please note that these websites

PLUS loan must apply at the website of their

are informational only and are not endorsed by

lender of choice. All approved Federal Plus Loan

SAIC. SAIC does not endorse any specific lender in

borrowers will also be asked to complete a Master

any educational loan programs.

Promissory Note (MPN). If a parent is denied a Federal PLUS loan and SAIC receives proof of this denial from the bank or the parent, the student is

www.greentreegazette.com www.finaid.org

The Figure your Costs Budgeting Worksheet will help you calculate your expected costs for the year and review your awarded aid. The worksheet will help you determine whether or not you should pursue additional loans or a semester payment plan.

Review the items below to determine your next steps. ____

I have reviewed the Figure Your Costs Budgeting Worksheet and have determined I will need additional federal and/or private loans to fund my education.

Please proceed to the next step for securing additional loans for your education. ____

I completed the Figure Your Costs Budgeting Worksheet and will not need additional federal and/or private loan funds.

Please proceed to Step 3.

3. Secure Loan Funds. If your Figure Your Costs Budgeting Worksheet includes a need for loans, please complete the steps for each loan below at this time.

____ For Federal Parent PLUS Loan (Parents of Dependent Students) Applicants Complete: 1) Go online to complete a loan pre-approval at the lender of your choice to determine if you are eligible to receive a Federal Plus Loan 2) Complete a Federal PLUS loan Master Promissory Note (MPN) on the lender’s website

____ For Graduate PLUS Loan (Graduate Students Only) Applicants Complete: 1) For all new borrowers — complete an Entrance Interview at www.mappingyourfuture.org 2) Go on-line to complete a loan pre-approval at the lender of your choice to determine you are eligible to receive a Graduate Plus Loan 3) Complete a Federal PLUS loan Master Promissory Note (MPN) on the lender’s website

____ For Private Loans (Student and Cosigner, if applicable) 1) Review Rates and Terms with different lenders on their websites 2) Complete a loan pre-approval at the lender of your choice to determine if you are eligible to receive a private loan 3) Complete a loan application/promissory note and secure cosigner information (if necessary) on the lender’s website After the steps above are complete proceed to Step 4.

4. Review Payment Options.

Review the SAIC billing process, payment plan, and methods to make payments provided in this guide. After you review payment options proceed to Step 5.

_____ I have reviewed all billing and payment options. Please follow the steps outlined for each loan program.

_____ For Federal Stafford Loan- Subsidized and Unsubsidized (Students Only) Applicants complete: 1) All new borrowers — complete an Entrance Interview at www.mappingyourfuture.org 2) Federal Stafford Master Promissory Note (MPN) on-line at the website of the lender of your choice

5. Submit additional documents if necessary. If your file is selected for Verification, additional documents may be needed to finalize your financial aid. Please refer to the Missing Information Letter enclosed or go to the SAIC Self-Service To Do List to determine if additional documentation is needed to complete the verification process. Please refer to

this Award Booklet for more detailed information on verification. The Priority Processing Deadline for submission of all documents for the fall 2009 semester is July 1, 2009.

STUDENT FINANCIAL SERVICES 36 South Wabash, Suite 1218 Chicago, IL 60603-3103 Voice (312) 629-6600 Fax (312) 629-6601 E-mail FinAid@saic.edu

UNDERGRADUATE 2009–2010 Figure Your Costs Budgeting Worksheet

GRADUATE 2009–2010 Figure Your Costs Budgeting Worksheet

Please complete this worksheet to help determine how you will finance and budget your expenses while attending SAIC. The example listed below is for an undergraduate student enrolled in 15 credits for each semester and living off campus.

Please complete this worksheet to help determine how you will finance and budget your expenses while attending SAIC. The example listed below is for a graduate student enrolled in 15 credits for each semester and living off campus.

Direct Expenses: Charges for which you will be billed at SAIC including tuition, fees and room charges (if you live on campus).

Payment in full for tuition and fees is due by the first day of class or payment arrangements must be established.

Sample Figures Semester

Your Figures Semester

Sample Figures Full-Year

Your Figures Full-Year

Tuition ($1,140 x per credit hour)

$ 17,100 (15cr)

$____________

$34,200 (30cr)

$____________

Health Insurance (optional)*

$____________

$ 1,478

$____________

739

105

$____________

210

Sample Figures Full-Year

Your Figures Full-Year

Tuition ($1,220 x per credit hour)

$18,300 (15cr)

$____________

$36,600 (30cr)

$____________

Health Insurance (optional)*

739

$____________

1,478

$____________

105

$____________

210

$____________

U-Pass

$____________

Charged to full-time students

Technology Fee

Your Figures Semester

Charged to all students in 12 credits or more

U-Pass

Sample Figures Semester

Residence Hall (optional) Single–$6,300 Small Single–$4,995 $

180 0

$____________ $____________

360

$____________

Technology Fee

180

$____________

360

$____________

Residence Hall (optional) Single–$6,300 Small Single–$4,995 $

$____________

Your Semester Subtotal $____________

Sample Figures Full-Year Subtotal $38,648

Double–$4,740 Triple–$3,810

Laptop Computer — To be determined

• Subtotal A

Sample Semester Subtotal $ 18,124

Your Semester Subtotal $____________

Sample Figures Full-Year Subtotal $36,248

Your Figures Full-Year Subtotal $____________

$____________

Your Figures Full-Year Subtotal $____________

Semester Full-Year Grant & Scholarships $____________ $____________ Student Loans** $____________ $____________ Semester Subtotal Full-Year Subtotal • Subtotal B $____________ $____________

Semester Full-Year $____________ $____________ $____________ $____________ Semester Subtotal Full-Year Subtotal • Subtotal B $____________ $____________

Grant & Scholarships Student Loans**

• Subtotal C

To determine your estimated amount due to SAIC Subtotal A - Subtotal B = Subtotal C $____________

Indirect Expenses: Costs NOT directly billed by SAIC but considered additional expenses. Please note that a meal plan is NOT available at SAIC and books/supply costs vary per class. Sample Figures Semester

Your Figures Semester

Sample Figures Full-Year

Your Figures Full-Year

Living Expenses

$ 3,850

$____________

$ 7,700

$____________

$ 1,030 $ 1,330 $ 350

$____________ $____________ $____________

$ 2,060 $ 2,660 $ 700

$____________ $____________ $____________

$ 6,560

$____________

$ 13,120

$____________

Resident Hall student use $1,310/semester for food only

• Subtotal D

Estimated Financial Aid: Please see your enclosed Financial Aid Award letter or SAIC Self Service.

Estimated Financial Aid: Please see your enclosed Financial Aid Award letter or SAIC Portal.

Personal Expenses Books and Supplies Transportation

$____________

Please note: The average Graduate student’s enrollment can vary (15cr=$18,300 12cr=$14,640 10.5cr=$12,810 9cr=$10,980).

Please note: The typical first-time freshman takes 16.5cr their first semester and 15cr their second semester. (16.5cr=$18,810 15cr=$17,100 13.5cr=$15,390 12cr=$13,680)

• Subtotal C

• Subtotal A

Sample Semester Subtotal $19,324

Your Figures Semester

Sample Figures Full-Year

Your Figures Full-Year

Living Expenses

$ 4,900

$____________

$ 9,800

$____________

$ 1,030 $ 1,330 $ 350

$____________ $____________ $____________

$ 2,060 $ 2,660 $ 700

$____________ $____________ $____________

$ 7,610

$____________

$ 15,220

$____________

Resident Hall student use $1,310/semester for food only

Personal Expenses Books and Supplies Transportation

• Subtotal D

Total Remaining Expenses: Add Subtotal C and Subtotal D to determine your total remaining estimated direct and indirect expenses (those not covered by financial aid) to be paid for the 09–10 academic year. Then subtract your estimated student employment earnings, estimated family contribution and any other resources available to use in financing your education, to determine whether or not you may want to pursue a semester payment plan, or borrowing additional Federal PLUS or Private Educational loans as listed in this guide. * Health insurance may be waived if the student has comparable coverage per year. Waivers must be re-submitted each year on-line through SAIC Self-Service. The rate listed is the 2008–2009 amount and is subject to change. ** Bank loan fees of up to 3% of the total loan may be deducted for Federal Stafford and Federal PLUS loans depending on your loan program and lender.

STUDENT FINANCIAL SERVICES 36 South Wabash, Suite 1218 Chicago, IL 60603-3103 Voice (312) 629-6600 Fax (312) 629-6601 E-mail FinAid@saic.edu Web www.saic.edu/sfs