Butler University’s Office of Financial Aid recently sent out the academic scholarship award letters, which has sparked many questions among admitted students. Before you begin, you might want to familiarize yourself with these common financial aid terms.
Still have questions? Let us help you:
Q: I haven’t received my scholarship letter yet, is it coming soon?
A: Most academic scholarship letters were mailed in late December and should have already arrived in your mailbox. If you haven’t received it yet and are wondering if you should have, please contact your admission counselor. He or she will be happy to assist you!
Q: If I didn’t receive a scholarship, what are my options?
A: First, we are very excited that you are considering Butler University as one of your top choices! Second, there are many options that students have when it comes to funding their college education. Here are a few to help you get started:
- Gift Programs: These can include departmental scholarships and grants. In fact, Butler University is the largest provider of financial aid to its students. To learn more visit www.butler.edu/financial-aid.
- Aid Programs: Financial aid programs include federal, state and university grants, federal student loans, and federal student work-study. For consideration of all aid programs, you must file the Free Application for Federal Student Aid (FAFSA). To ensure maximum consideration and timely notification of any of the following awards complete the FAFSA online between January 1 and March 1 each year. For more information, visit www.butler.edu/financial-aid.
Q: Does Butler University accept outside scholarships?
A: Yes, we do accept outside scholarships! An outside scholarship is any scholarship not awarded by the government or the school, such as a scholarship provided by a private sector company, philanthropist, or foundation. We strongly encourage students to apply for as many outside scholarships as possible. Outside scholarships can quickly add up and many go unclaimed each year, so be sure to start applying for these as soon as you can. Here is a list of websites we recommend:
Please contact the Office of Financial Aid if you have specific questions and they will be more than happy to help!
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A few weeks back, we decoded admission specific language for you. Now it’s time to share the ins-and-outs of Financial Aid terminology. Before we jump into the financial aid process in the next few weeks, let’s define a few terms you might need to familiarize yourself with:
- Aid: Need-based aid refers to federal, state and university grants, federal student loans, and federal student work-study. For consideration of need-based aid, you must file the Free Application for Federal Student Aid (FAFSA). We recommend each year that you complete the Free Application for Federal Student Aid online.
- Expected Family Contribution (EFC): This is calculated by the federal methodology using information you provided on the FAFSA.
- Grants: Grants are a form of financial aid, based on need, which you do not have to repay.
- Merit & Talent Awards (also known as scholarships): Awards based on academic achievement or performance ability (scholarships). Those you do not have to pay back.
- Loans: Students and parents who wish to borrow from any of the loan programs (ex: Federal Direct PLUS Loan or Private Loans) must determine their borrowing needs for the entire academic year before beginning the application process.
- Verification: Verification is a process used to verify certain information on the FAFSA to ensure its accuracy. Some students are selected for verification by the U.S. Department of Education and others are selected by the school. Not sure what to do if you’ve been selected for verification? Visit the eCampusTours website for more information. The Office of Financial Aid will also send you more information if you are selected for this process.
Now let’s cover some important dates:
- Gather the previous calendar year’s W2s and federal tax returns, and identification documents (social security cards, drivers licenses) for both the student and the parents.
- File the FAFSA (school code 001788) between January 1 and March 1.
- The Office of Financial Aid will use your EFC to determine how much aid you’ll receive.
- The Financial Aid Notification (FAN) will be mailed to you after March 15. This is a complete overview of the financial aid offered to students eligible to receive financial aid based on merit or need. The FAN also includes an average cost of attendance, which is used to determine financial aid eligibility. You’ll receive a financial aid award letter that tells you the amount of aid you’ll receive for the school year and in what form: loan, grant or campus-based program.
- Your offer of financial aid will be available to you online at my.butler.edu (Self-Service – Student Center – Finances – Review/Accept/Decline Financial Aid) after you’ve received your award letter. You can accept or decline each award, select a lender (if necessary) and report any outside scholarships.
- To help you consider your options, you can also fill out the Family Responsibility Worksheet (PDF) will guide you in evaluating the different financing options available and developing a plan for your investment in a Butler education.
We know that this is a quick overview of the process so for more in-depth information, please visit www.butler.edu/financial-aid.
Tagged: aid, awards, bulldogs, butler, campus, contribution, efc, expected, fafsa, finanical, grants, loans, merit, notification, scholarships, talent, university, verification
With the application deadline looming, it’s important to make sure that you are on top of submitting your supplemental materials. There are a few key facts that are important for you to know:
- The Early Action deadline is November 1. If you haven’t applied yet, do so at www.butler.edu/apply.
- You need to have the following completed/submitted by November 1:
- High school transcripts
- Test scores (ACT or SAT with writing)
- Secondary School Report completed by your high school counselor
- Personal statement, essay (using one of the prompts on the application) or graded paper from one of your classes. Please pick one of the three, we do not have a preference of which you submit.
- Resume of activities, which includes extracurricular activities and leadership experience. This is not required.
- Letters of recommendation. These are not required.
If you do apply by November 1, you will be eligible for:
- Full scholarship consideration
- A decision mailed by December 15
- First choice of housing and the Freshmen Living Learning Center
- Early registration for classes
If you have any questions, please contact your admission counselor immediately! Most of us can also be found on Facebook and Twitter (you can find the information on our counselor profiles). We look forward to hearing from you!
Tagged: admission, admit, aid, application, bulldogs, butler, financial, freshman, freshmen, indiana, indianapolis, scholarships, senior, student, students
Early Action…FAFSA…Regular Decision? What to submit, and when to send it…
Since we are less than a month from when the Application for Admission and Freshmen Scholarships is due, we thought this might be a good time to recap the Butler admission timeline.
November 1 - Early Action Deadline
This deadline brings with it many benefits for both admission and scholarship consideration:
- Early Notification Date. All admission decisions are sent on December 15.
- Scholarship Eligibility. While scholarships are available for both admission deadlines, the full amount of awards are only available for the November 1 deadline.
- Honors Program. To be eligible to apply to the Honors Program, a student must have a complete Early Action application by November 1.
February 1st- Regular Decision
While the Office of Admission does encourage students to apply by November 1, you can still submit a complete application if you miss the Early Action Deadline. Students who apply for regular decision will receive their admission shortly after February 15.
March 1st- Free Application for Federal Student Aid (FAFSA)
This document is not needed for admission or scholarship consideration, but is required if you are interested in applying for Grant, Loan or Federal Work Study eligibility. If the document is sent to Butler by March 1, you will be sent a complete Financial Aid Notification by March 15.
May 1st- National Candidate Reply Deadline
You can certainly accept your admission offer early and begin to register for classes/complete housing contracts; however, Butler does not require a student to submit a final enrollment decision until May 1.
Tagged: action, admission, admit, application, apply, blogs, butler, dates, deadlines, decision, early, fafsa, february, notification, november, regular, rolling, scholarships, university
It’s time! …to fill out the FAFSA that is.
If you are planning on attending college in the fall it is essential that you complete the Free Application for Federal Student (or otherwise known as the FAFSA), even if you think you will not qualify for financial aid. At the very least, you will have completed the proper form to take out a federal student loan. The FAFSA should be submitted each year you are enrolled in college before January 1. Check with your college or university to see when they want you to file the FAFSA because many schools will have a certain date they want you to complete the FAFSA by in order to receive the maximum consideration in financial aid, particularly gift aid – free money. All schools are not the same, so it is important to check the date for each school that you have applied. Indiana residents – it is important that you complete the FAFSA no later than March 10 each year to be considered for state grants.
- The FAFSA can be completed and submitted electronically at www.fafsa.gov.
- Apply for a PIN now! The PIN (personal identification number) will serve as your electronic signature and is required to submit your application online. You and a parent, one with whom you live, will each need a PIN. You can apply for the PIN at www.pin.ed.gov. Keep this PIN safe, you will need this number to submit your FAFSA next year.
- Complete the FAFSA on the Web (FOTW) Worksheet before beginning the arduous task of filling out the application. The FOTW Worksheet will help you collect the required information you may not necessarily know off the top of your head.
- It is best to have a completed federal income tax return (1040, 1040A or 1040EZ) for the most recent tax year (2011 for the 2012-2013 academic year) since many of the income questions on the FAFSA link directly to a specific question on the tax return.
- Answer each question on the FAFSA as it is asked. The FAFSA is a standardized application and does not take into consideration special situations. If while you are completing the FAFSA you believe there is more information to be shared about your family’s ability to contribute towards your college expenses than what is asked for, make a note and contact each of the schools to which you are applying to see how you make them aware of these special circumstances.
- Don’t forget to hit “submit” when you have completed the application. You can save your work if you need to come back to it at another time, but a saved application will not be processed and the information will not be sent to your schools of choice.
For help in completing the FAFSA, contact the financial aid at your college or university, attend a Financial Aid Night coordinated by your high school or attend College Goal Sunday.
For many high school seniors, and college students alike, it might just be a few hours of your time. We know in today’s economy families are trying to make every dollar stretch as far as they can and sometimes the financial aid offered through federal and state government and colleges or universities just aren’t enough. Colleges and universities are spending every dime they have to help students just like you, but if you want a piece of the pie from all the dollars that go unspent every year you just might have to commit to a little time.
Outside scholarships are scholarships that are awarded outside of the normal financial aid processes and available through community groups, Fortune 500 companies and professional organizations. But how do you find these scholarships? There are a number of ways…I recommend starting with your high school guidance office. Your advisor has most likely been developing a list of scholarship opportunities from community and service organizations such as: Optimists, Kiwanis and Dollars for Scholars. Your parents may even be an unrealized source through their involvement in religious, social and trade memberships such as the Knights of Columbus, Masonic Lodge and the union local.
The corporate pages of Fortune 500 companies and scholarship search engines like Fastweb.com, College Board Scholarship Search and Sallie Mae’s Scholarship Search are just a few good online sources. Many corporations will provide college scholarships for students who qualify, so it does not hurt to search the corporate website for scholarships. The scholarship search engines will ask for students to register and complete a student profile so the student can be matched up with possible scholarship opportunities. There are no guarantees and you still have to apply for the scholarships, these websites do give you a start in locating scholarships for which you may apply. One piece of advice set up a separate email account just for your scholarship search; some sites, not all, will sell email addresses to keep the service free.
- Start now and keep looking. Not all scholarships are offered at the same time.
- Apply, apply, apply! Cast a wide net by applying for as many scholarships as you can – you are bound to catch something.
- Don’t discount any scholarship. A $100 can go a long way.
- Scholarship opportunities are not limited to graduating high school seniors. It is important that you apply every year.
- A little time and effort can net results. Don’t overlook a scholarship because the application requires an essay or additional information that may time to create. Consider the amount of time it takes in relation to the potential return.
Associate Director of Financial Aid