Financing Your Future (2021-2022)

Page 1

Financing

your future

2021 - 2022

FINANCIAL AID

GRANTS & SCHOLARSHIPS

PELL GRANT

DEBT-FREE

$2,700 LESS

77% of students receive financial aid

64% of students receive grants or scholarships

27% of students receive the federal Pell grant

70% of students are able to pay down their debt post-grad (47% national median)

The average annual cost of attendance at UHM is ~$2,700 less than the national median


How much does it cost?

Total Investment

RESIDENT

WUE

NON-RESIDENT

$11,304 $882 $1,012 $13,673 $2,954

$16,956 $882 $1,012 $13,673 $2,954

$33,336 $882 $1,012 $13,673 $2,954

Total = $29,825

$35,477

$51,875

*

TUITION UNIVERSITY FEES BOOKS AND SUPPLIES ROOM & BOARD PERSONAL EXPENSES AND OTHER

The education you’ve been hoping for is within reach! The University of Hawai‘i at Mānoa offers five ways to finance your college education: 1. Residency 2. Western Undergraduate Exchange (WUE) 3. Scholarships 4. Free Application for Federal Student Aid (FAFSA) 5. Student Employment

1. RESIDENCY

manoa.hawaii.edu/admissions/financing/residency.html As a public institution, the University of Hawai‘i at Mānoa determines tuition rates based upon a student’s residency status. For the purposes of this document, type of residency is defined as follows: Resident: WUE: Non-Resident:

Resident of the state of Hawai‘i Resident of a WUE state or territory (see: #2 Western Undergraduate Exchange Tuition Reduction) Resident from a location outside of the state of Hawai‘i or a WUE state or territory

2. WESTERN UNDERGRADUATE EXCHANGE (WUE) TUITION REDUCTION manoa.hawaii.edu/admissions/undergrad/financing/wue.html The Western Undergraduate Exchange program is for qualified first time undergraduate degree seeking students who have legal residency in AK, AZ, CA, CO, ID, MT, ND, NM, NV, OR, SD, UT, WA, WY, CNMI or Guam. The WUE tuition rate is 150% of the University’s in-state tuition rate. For WUE consideration, eligible applicants must complete an Admissions Application in its entirety.

Non-Resident Tuition Rate $33,336

-

WUE Tuition Reduction Savings $16,380

=

Your Tuition Cost

$16,956

*The cost of attendance is designed to provide students with projected costs to attend for an academic year. The totals listed above are subject to change upon approval by the Board of Regents. Non-resident students with documented Native Hawaiian ancestry receive the Hawai‘i resident equivalent rate.


3. SCHOLARSHIPS

A scholarship is a gift aid that is awarded based on a variety of factors such as academic achievement, athletic ability, leadership, field of study and/or financial need. Scholarships do not need to be repaid. The University of Hawai‘i at Mānoa offers a multitude of scholarships that are found in the seven areas below:

New Warrior Scholarships hawaii.edu/fas/info/nws.php The New Warrior Scholarships are scholarships created for the New Warrior in mind and comprised of the Regents, Provost Achievement, Mānoa Excellence, Mānoa International Excellence, and Presidential scholarships.

SCHOLARSHIPS

AWARD AMOUNT

RESIDENCY STATUS

CLASS STANDING

GRADE POINT AVERAGE

SCHOLARSHIP APPLICATION DEADLINE

Regents Scholarship

Full tuition (for 4 years) + $4,000 per year stipend + $2,000 one time travel grant

Resident

Freshman

3.8

January 15

Provost Achievement Scholarship

$10,000/year (for 4 years)

Resident

Freshman

3.8

January 15

U.S. Non-Resident (including WUE)

Freshman

3.8

January 15

~$22,032/year (for 4 years) (U.S. Non-Resident) * Ma-noa Excellence Scholarship ~$5,652/year (for 4 years) (WUE) * Ma-noa International Excellence Scholarship

~$22,032/year (for 4 years)

International Non-Resident

Freshman

3.8

January 15

Presidential Scholarship

Full tuition (for 2 years) + $4,000 per year stipend + $2,000 one time travel grant

Resident

Junior

3.7

January 15

*This scholarship allows students to pay the In-State tuition rate [ Scholarship rubric is based on the ACT/SAT Concordance ]

Admissions Merit Scholarships hawaii.edu/fas/info/other_admissions_scholarships.php The Office of Admissions also offers different Merit-Based scholarships for incoming students to help lessen the cost of attendance. Eligibility and application details regarding both Merit Scholarships are listed at the website above.

MERIT SCHOLARSHIP

Manoa Academic Merit Scholarship

International Merit Award Scholarship

AWARD AMOUNT

RESIDENCY STATUS

CLASS STANDING

GRADE POINT AVERAGE ELIGIBILITY

SCHOLARSHIP APPLICATION DEADLINE

$4,000/year (for 4 years)

Hawai‘i State Resident

Freshman

3.5 or higher

January 5

$2,000/year (for 4 years)

Non-Resident (Including WUE)

Freshman

3.5 or higher

January 5

Freshman

3.3

Transfer

3.3

150% of In-State tuition (valued at ~$16,380 per year)

International Non-Resident

No Deadline


Other Scholarship Resources Manoa Departmental Scholarships manoa.hawaii.edu/undergrad/advising Many scholarships are offered to students from individual departments. Students may contact their major’s Academic Advisor for additional funding opportunities. Star Scholarship star.hawaii.edu/scholarship The UH Mānoa Star Scholarships is a database for accepted students to search for additional scholarships and funding opportunities. This database offers over 400 scholarships in one convenient location.

UH System Scholarships hawaii.edu/finaid/scholarships/system The UH System Scholarships are open to students who are attending any of the ten campuses of the University of Hawai‘i System. Students must apply via the UH System Common Scholarship Application, a single application for dozens of scholarships. Deadline: March 1 Applicant: Freshman or Transfer Resident Status: Resident or Non-Resident (including WUE)

Deadline: February 15 Applicant: Freshman or Transfer Resident Status: Resident or Non-Resident (including WUE)

State of Hawaii Scholarships State of Hawai‘i B Plus Scholarship hawaii.edu/fas/basics/types_of_aid/fedstate.php The State of Hawai‘i B Plus Scholarship is available to undergraduate students who graduated from a State of Hawai‘i public high school after 2005 and earned a cumulative grade point average of 3.0 or higher based on high school transcripts. Students must have completed a rigorous high school curriculum and demonstrate financial need based on information provided on your FAFSA. The maximum annual UHM award is $2,000 and requires full-time enrollment to receive this scholarship. Depending upon available funding, scholarships may be renewed annually for students who maintain satisfactory academic progress up to four years. Deadline: February 1 Applicant: Freshman or Transfer Resident Status: Resident and public high school graduate


4. FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) fafsa.gov The FAFSA application helps determine if a student is eligible for federal financial aid, which may include grants, loans, and other scholarships. Deadline: February 1 Applicant: Freshman or Transfer Citizenship Status: U.S. Citizen

Grants Grants are a form of gift aid that is awarded based on demonstrated financial need. Grants do not need to be repaid. By submitting the FAFSA, you may be considered for grant assistance.

GRANTS

AWARD AMOUNT

FRESHMAN APPLICANT

TRANSFER APPLICANT

RESIDENT STATUS

Ma-noa Opportunity Grant

Up to $4,000

Resident & Non-Resident

Federal Pell Grant

Up to $6,345 (2020-2021 school year)

Resident, WUE, Non-Resident

Federal Supplemental Educational Opportunity Grant (SEOG)

Up to $2,000

Resident, WUE, Non-Resident

Loans Loans are a form of financial aid that is borrowed to help pay for educational expenses. Loans must be repaid, usually with interest. 1) Federal Direct Loan Direct loans are low-interest loans for students to help pay for the cost of a student’s education after high school. The lender is the U.S. Department of Education rather than a bank or financial institution. Eligibility is determined by filling out your FAFSA. • Subsidized & Unsubsidized 2) Federal Direct PLUS Federal Direct PLUS Loans are federal loans that graduate or parents of dependent undergraduate students can use to help pay for the cost of a student’s education after high school. The lender is the U.S. Department of Education rather than a bank or financial institution. Eligibility is determined by filling out your FAFSA. 3) State Higher Education Loan The State Higher Education Loan (SHEL) is awarded to Hawai‘i resident undergraduate and graduate students with financial need. We may offer you a SHEL loan as part of your financial aid package. The funds available for the SHEL loan is limited, so not all aid applicants can be offered SHEL loans. Must be enrolled at least half-time in an eligible degree-seeking program.

5. STUDENT EMPLOYMENT The University’s Mānoa Career Center offers nearly 4,000 on-campus positions for students to choose from. Student employment is an option to pay your way through college while gaining professional work experience. A flexible schedule, the convenience of working on campus, and opportunities to add to your resume are several excellent reasons to work for the University. For more information on student employment, financing options, or professional experience opportunities (i.e., internships, Federal Work Study, etc.), visit: manoa.hawaii.edu/careercenter

Financial Aid Office (808) 956-7251 finaid@hawaii.edu

Office of Admissions (808) 956-8975 manoa.scholarships@hawaii.edu

College funding opportunities and corresponding information listed in this brochure is subject to change. Visit hawaii.edu/fas/basics/types_of_aid/ for current and up-to-date information. Cover Stats Source: Mānoa Institutional Research Office - The University of Hawai‘i at Mānoa, manoa.hawaii.edu/miro The University of Hawai‘i at Mānoa is an equal opportunity, affirmative action institution.


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