Office of Financial Aid

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Applying for Financial Aid

FAFSA (The Free Application for Federal Student Aid) – the primary application for the majority of financial assistance.

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• determines eligibility using a federally mandated formula to determine the expected family contribution (EFC).

EFC - the amount that students and parents, based on the federal governments methodology, should be able to contribute toward institutional costs over the course of an academic year.

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• the same EFC is used by all schools, public and private, to determine eligibility for federal assistance.

FAFSA on the Web www.fafsa.ed.gov

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School Code

Bill Gatton’s College of Pharmacy Federal School Code is:

E01254

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Financial Aid Classification

Undergraduate -less than 72 undergraduate credit hours earned prior to beginning classes in the PharmD program.

Professional -72 undergraduate credit hours or more earned prior to beginning classes in the PharmD program.

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Professional Aid

• Federal Direct Subsidized $8,500 per year(6.8% interest on new loans)

• Federal Direct Unsubsidized

$24,500 per year (6.8% interest on new loans)

• Federal Direct Grad-Plus Optional*

(7.9 % interest on new loans)*Educational Budget minus all other aid.

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Institutional Scholarships

• 12 scholarships available to pharmacy students.

• Online application & general selection criteria posted on the web @ www.etsu.edu/pharmacy/finaid.

• Deadline May 12th

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Tennessee Education Lottery Scholarship Program

• Complete the FAFSA• Be a TN resident one year prior

to application deadline (Sept. 1 for Fall or Feb. 1 for Spring)

• Enroll in a TN college or university within 16 months following graduation from a TN high school

• Current G.P.A of 3.0 or higher• Expires 5 years from initial

date of enrollment at any postsecondary institution or upon attainment of a bachelor’s degree

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P1 Cost of Attendance

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Tuition and FeesTuition 27,438$ Student Fees 929$ Health Insurance 1,282$ Liability 16$

Total Tuition and Fees 29,665$

Indirect CostsBooks and Supplies 2,050$ Transportation 3,519$ Miscellaneous 2,018$

Total Indirect Cost 7,587$

Room and BoardHousing 4,680$ Living Expenses 4,140$

Total Room and Board 8,820$

Est. Federal Loan Fees 820$

Total Base Budget 46,892$

How Much Can I Borrow?

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(Total Annual P1 Base Budget $46,892)

• Direct Subsidized $ 8,500• Direct Unsubsidized $24,500• Direct Grad Plus $13,892

www.studentloans.gov

• Complete Master Promissory Note (MPN) with the Department of Education

• Complete Entrance Counseling

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Contact Information

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Angel KincerAssistant Directorkincera@etsu.edu

Becky BennettFinancial Aid Assistantbennettrd@etsu.edu

423-439-6238Building 7Room 216

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Questions ?

Thank you for your participation !