Financial Aid Guide 2009-2010
Term-based Program
STUDENT FINANCIAL ASSISTANCE
It is the purpose of the Financial Aid Office at William Penn University to assist the student in financial planning for college. In doing this, William Penn University attempts to make it financially possible for fully accepted students in a degree seeking or teacher certification program at William Penn University to experience the advantages of a college education. Generous gifts by alumni, trustees, and friends of the university, in addition to state and federal student assistance programs, make this possible.
The primary criterion for determining the amount of assistance a student is eligible to receive is the financial need of the student. The type or kind of assistance available is related to the financial need, scholastic and athletic ability of the student.
Various scholarships and grants are awarded on the basis of enrollment status at census day (see academic calendar for exact dates) on the evidence of academic excellence and/or qualities of leadership and talent. The university assumes at census day that all students enrolled for second eight week classes will begin attendance in these classes. Failure to begin attendance may result in an adjustment to the student’s financial assistance.
APPLYING FOR FINANCIAL AID ASSISTANCE
Most financial assistance is awarded to students with an established financial need. For this reason, it is necessary for applicants to submit data that will allow the university to determine that need. The data is submitted on the Free Application for Federal Student Aid (FAFSA) or Renewal Application. You may begin applying for the next academic year beginning January 1. The student should be sure to list William Penn University on the form with the school code of 001900.
Important Notices:
Iowa residents, as defined by the State Board of Regents, must have their FAFSA to the U.S. Department of Education’s Central Processing Center (CPS) by July 1 in order to be eligible for the State of Iowa funds (see State Student Financial Aid below). It is recommended that the FAFSA, if using the paper application, be mailed no later than mid-June.
William Penn University reserves the right to modify awards if the student receives additional aid, if there is a substantial change in the parent or student income/assets, if there is incorrect information on the FAFSA, or if there is a change in student status involving either enrollment or housing.
Award amounts offered from federal and state programs are contingent upon congressional and legislative allocation of funds.
Financial aid that is awarded will be disbursed to the student’s university bill at the beginning of each term, provided all documentation needed is received at the university.
Personal Identification Number (PIN) gives students and parents of dependent students Internet access to their FAFSA and other federal aid information. Your PIN number will not change from year to year. Students and parents can get a PIN by going to the website at www.pin.ed.gov. The Federal Student Aid PIN gives you access to personal information and should be kept PRIVATE. You should not share your PIN with anyone. Also, if you opted to receive your PIN by e-mail, you should add FederalStudentAidPIN@cpsemail.ed.gov to your e-mail address book or “safe list” to help avoid delivery problems. Applicants can use their PIN to: 1) electronically sign a FAFSA on the Web as well as complete the student aid process completely online 2) Parents of dependent students may request a Federal Student Aid PIN to electronically sign the application 3) correct their FAFSA online using Corrections on the Web 4) see their EFC and other student aid report information as soon as the FAFSA is processed 5) sign electronic master promissory notes 6) review their personal financial aid history as maintained in the National Student Loan Data System (NSLDS), which enables a student and parent, if applicable, to track their loans and the amounts borrowed while seeking their degree.
FAFSA on the Web Application may be found at www.fafsa.ed.gov where you complete the application online and submit it directly to the U.S. Department of Education’s processing center. Report documents (see below) will be generated quickly if you (and your parent, if applicable) provide electronic signatures using the PIN and sent to the student and to the school(s) listed on the FAFSA application. A FAFSA on the Web Worksheet is available online at www.fafsa.ed.gov for you to print and write down your information prior to completing the online submission of the FAFSA. It is recommended that the information be reviewed by the student for any possible errors. Students can correct any of their previously submitted data except for their SSN and date of birth by returning to the Web site, or you may call the university’s Financial Aid Office.
Report documents are issued after the processing is completed by the U.S. Department of Education’s processing center (CPS). There are two types of report documents: the Institutional Student Information Record (ISIR), which is electronically sent to the school(s) listed on the FAFSA, and the Student Aid Report (SAR), which is sent to the student.
The SAR will confirm the information reported on your FAFSA and will come as follows: 1) Students who give an e-mail address, whether on the paper application or the FAFSA on the Web will receive an e-mail (3-5 days after your FAFSA has been processed) with a secure link to an online SAR. If you have a “junk” folder or “spam” folder in your e-mail files, check it. The e-mail may be delivered there instead of our inbox. You are encouraged to add FederalStudentAidFAFSA@cpsemail.ed.gov to your e-mail address book to help avoid delivery problems. 2) Students who don’t give an e-mail address will receive a paper SAR by mail in 7-10 days after your FAFSA has been processed. The SAR confirms the information reported on your FAFSA and will contain your Expected Family Contribution (EFC). The EFC is a measure of your family’s financial strength and is used to determine your eligibility for federal, state and institutional aid. To receive your aid, you must have a complete and correct SAR. Be sure to review your SAR to verify the information entered is correct. Whether you apply online or by paper the schools you listed on your FAFSA will automatically receive your data electronically.
VERIFICATION
Federal regulations require selected applicants of the FAFSA to complete a process called verification. Students may be selected for this process by the U.S. Department of Education or by William Penn University. If you are selected for the verification process, you are required to provide William Penn University with supporting documents used when completing the FAFSA (i.e., copies of federal tax returns) and a verification worksheet that will be provided by the university. This information will be used to verify that the information provided on the FAFSA is accurate. It is important to provide William Penn University with any requested material as soon as possible. The verification process should be completed 10 days prior to the last day of classes in order to receive financial assistance. Financial aid may not be disbursed to the student’s university bill until the verification process is complete. A revised notification may be sent to the student if any awards change as a result of verification.
2009-2010 ACADEMIC COSTS
Direct Educational Costs (charged directly to your university bill). These costs are listed below and are based on a yearly cost unless otherwise noted.
Tuition
Full-time, 12-18 credits in a term $ 18,564
Full-time credit over 18 hours in a term $ 450 per credit
Less than full time, 1-11 credits in a term $ 450 per credit
Summer 2010 $ 250 per credit
Audit $ 100 per credit
Fees for full-time students (part-time will be pro-rated by the credits enrolled)
Room and Board
Eltse, Watson and Lewis Halls
Room: double occupancy $ 2,002
Single occupancy $ 2,602
Board: 20 meal plan $ 3,290
Twin Towers
Room: double occupancy $ 2,466
Single occupancy $ 3,066
Board: 20 meal plan $ 3,290
10 meal plan $ 2,900
Rosenberger Apartments
Room: 1 bedroom/double occupancy $ 2,240
1 bedroom/single occupancy $ 2,840
1 bedroom/married couple $ 2,840
2 bedroom/double occupancy per room $ 2,240
2 bedroom/single occupancy per room $ 2,640
2 bedroom/married couple $ 3,240
Board: 20 meal plan $ 3,290
10 meal plan $ 2,900
*meal plan optional for students living in Rosenberger Apartments
Computer
Indirect Educational Costs (not charged by the university):
Books/Supplies: These expenses vary each semester and depend on your individual needs and program of study. An average full-time student will spend approximately $950 on books and supplies. A student may request to have their books/supplies that are purchased at the university billed to their university account according to regulations provided by the Business Office.
Loan/Lab Fees: These expenses vary each semester and depend on your individual needs and program of study. An average full-time student will spend about $251/year on loan fees, and the bachelor and certificate students will also average $182/year on lab fees.
Personal/Transportation: Costs vary according to personal circumstances and spending habits. Typical costs for personal expenses average $1,858, and transportation expenses range from $1,089 to $1,617.
Off-campus Room/Board: These costs vary depending upon dependency status and type of arrangement. Typical costs range from $1,762 to $4,894.
Total Cost of Attendance
Your total financial assistance needed is based on Cost of Attendance (COA) at William Penn University. The COA is composed of the academic costs as detailed above and sets a limit on the total financial aid you may receive. See below for the totals.
Bachelor Degree: Associate Degree-AESL:
Living on campus $28,686
Living off campus $28,686 $ 29,186
Living with parent $25,026 $ 25,526