S H A W U N I V E R S I T Y F I N A N C I A L A I D O F F I C E Financial Aid Scholars Newsletter Volume VI, Issue V October 2012 SHAW UNIVERSITY Financial Aid Office 118 East South Street Raleigh, NC 27601 http://www.shawu.edu Editor: Zakiya Middleton Scholarship Coordinator Co-Editor: Wanda Carter Default Manager Coordinator Financial Aid Director: Rochelle King Associate Director: Linda Sledge The Financial Aid Office s Scholarship Day Sessions Gives Students the Opportunity to Apply for UNCF Scholarships The United Negro College Fund (UNCF), directly supports 38 of the private Historically Black Colleges and Universities (HBCUs) in the nation, including Shaw University. In addition, they provide scholarship support for minority students that are in good academic standing and that demonstrate financial need. Scholarship Day was initiated to encourage students to apply for scholarships that are available to them through the UNCF website and to provide one-on-one assistance in completing the UNCF application process. These sessions give students the opportunity to ask any questions that they may have about the scholarship process. Students receive assistance in essay writing and have the opportunity to interact with their peers and to discuss their ideas. Scholarship Days sessions are provided on the last Thursday and Friday of every month from 3:00 5:00 p.m. Students may sign-up to attend these sessions at the Customer Service Desk in the Financial Aid Office located in the George Debnam building. For more information, please contact Zakiya Middleton, Scholarship Coordinator via e-mail at zmiddleton@shawu.edu. Hope to see you there! Left to right: Michael Diaz Jr., Chakiba Coleman and Na eem Wilkins. Photo taken by: Zakiya Middleton Scholarship Day has truly been a blessing to me. Having someone to assist me with applying for scholarships has been very helpful. Quote by: Barbara Hudson, Junior Elementary Education Major Scholarship Day has provided me with the answers to the questions that I had about the UNCF website. Quote by: Michael Diaz Jr., Freshman Biology Major Left to right: Faith Bullock, Crystal Sanjak and Valentino Bryant (back). Photo taken by: Zakiya Middleton Inside this issue: UNCF Scholarship Opportunities 2-3 UNCF Scholarship Opportunities 4-5 Work-Study & Community Service Info 6 Additional Scholarship Opportunities 7 ELC and MPN process 8 Default Prevention Tips 9 Literacy Scholarship & Twitter Advertisement 10 Special points of interest: The Financial Aid Office provides monthly scholarship sessions to students who need assistance with completing UNCF scholarship applications Work-Study payment schedule and Community Service available for the 2012-2013 academic year Additional scholarship opportunities available Completing your ELC and MPN to receive loan funds Tips on how to avoid defaulting on student loans
UNCF Scholarship Opportunities Pfizer UNCF Scholarship Program 2012-2013 $ Scholarship Amount: up to $2,548 ied Health, Biology, Chemistry, & Nursing $ Classifications: Juniors For additional information or to register and apply online, Application Deadline: November 2, 2012 UNCF/Walton K-12 Social Entrepreneurship Fellowship $ Scholarship Amount: up to $4,000 $ Classifications: Juniors For additional information or to register and apply online, Application Deadline: November 15, 2012 Michael Jackson & Rhythm Nation Scholarship $ Eligible Majors: Art, Mass Communication, English, Music, Drama, Theater, Fine & Visual Arts $ Classifications: Freshmen, Sophomores, Juniors, & Seniors For additional information or to register and apply online, Application Deadline: November 16, 2012 Youth Gala Scholarship 2012-2013 $ Scholarship Amount: up to $2,600 $ Eligible Locations: Texas $ Classifications: High School Seniors & College Freshmen For additional information or to register and apply online, \ Application Deadline: November 16, 2012 Page 2 F I N A N CI A L AI D S C HO LA R S N E W S L ET T E R
UNCF Scholarship Opportunities Beta Zeta Boule Foundation Scholarship $ Scholarship Amount: up to $2,500 $ Eligible Locations: New York $ Classifications: All Application Deadline: November 23, 2012 BNSF Railways Scholarship Program 2012-13 $ Scholarship Amount: up to $2,000 $ GPA Requirements: 2.75 or better $ Eligible Locations: Texas $ Classifications: Freshmen, Sophomores, Juniors, Seniors & Graduate Students Application Deadline: November 30, 2012 Robert Dole Scholarship for Disabled Students $ Scholarship Amount: up to $3,500 $ Classifications: Freshmen, Sophomores, Juniors & Seniors Application Deadline: November 30, 2012 The Blanche Elizabeth Ford Memorial Scholarship $ Scholarship Amount: up to $10,000 $ Classifications: Freshmen, Sophomores, Juniors, & Seniors Application Deadline: November 25, 2012 Intel Scholarship Program 2012-13 $ Scholarship Amount: up to $7,000 $ GPA Requirements: 3.2 or better $ Eligible Majors: Computer Information Systems & Engineering $ Classifications: Juniors, Sophomores & Seniors Application Deadline: November 30, 2012 United Water Corporate Scholars Program 2012 $ Eligible Majors: Accounting, Finance, Engineering, English, Sociology, Political Science, Communications $ Classifications: Sophomores Application Deadline: December 1, 2012 V O L U M E VI, ISS U E V Page 3
UNCF Scholarship opportunities NBMOA Hospitality Scholars Program 2012-13 $ GPA Requirements: 2.8 or better $ Eligible Locations: Southeastern and Northwestern states $ Eligible Majors: Accounting, Business & Marketing $ Classifications: Sophomores, Juniors & Seniors Application Deadline: December 4, 2012 Ronald McDonald House Charities Scholarship $ Scholarship Amount: up to $3,000 $ GPA Requirements: 2.75 or better $ Eligible Locations: Texas $ Classifications: Freshmen, Sophomores, Juniors, Seniors & Graduate Students Application Deadline: December 10, 2012 Detroit Student Aid Scholarship 2012-13 $ Eligible Locations: Michigan $ Classifications: Freshmen, Sophomores, Juniors & Seniors Application Deadline: December 15, 2012 James F. Hoskin Scholarship $ Scholarship Amount: up to $2,500 $ Eligible Locations: Mississippi & Texas $ Classifications: Juniors & Seniors Application Deadline: December 7, 2012 Gateway to Leadership Internship Program 2012-13 $ Eligible Majors: Finance, Banking, Accounting, Business, and Computer Science $ Classifications: Juniors Application Deadline: December 15, 2012 Douglas Palmer-Trenton/UNCF Scholarship 2012 $ Scholarship Amount: up to $3,000 $ Eligible Locations: New Jersey $ Classifications: Freshmen, Sophomores, Juniors, & Seniors Application Deadline: December 20, 2012 Page 4 F I N A N CI A L AI D S C HO LA R S N E W S L ET T E R
UNCF Scholarship Opportunities CDM Smith/UNCF Scholars Program 2012-13 $ Scholarship Amount: up to $6,000 $ Eligible Locations: Washington $ Eligible Majors: Environmental Science, Geology, Geography & Engineering $ Classifications: Freshmen, Sophomores, Juniors, Seniors & Graduate student Application Deadline: December 21, 2012 AFSCME/UNCF Harvard University LWP Union Scholarship $ Eligible Majors: Social Work, Sociology, Psychology, History, Political Science, English $ Classifications:, Sophomores & Juniors Application Deadline: February 28, 2013 Edna Blum Scholarship for NY Residents $ Eligible Locations: New York $ Classifications: Freshmen, Sophomores, Juniors, Seniors & Graduate Students Application Deadline: May 31, 2013 AT&T Foundation Scholarship 2013-14 $ Scholarship Amount: up to $2,500 $ Classifications: High school seniors, College Freshmen, Sophomores, Juniors & Seniors Application Deadline: February 15, 2013 UNCF General Scholarship 2012-13 $ Classifications: Freshmen, Sophomores, Juniors, Seniors & Graduate Students Application Deadline: May 18, 2013 Jay Charles Levine Scholarship $ Scholarship Amount: up to $3,200 $ Eligible Locations: Michigan $ Classifications: High School Seniors Application Deadline: May 31, 2013 V O L U M E VI, ISS U E V Page 5
Work-study Announcement Pay Period Timesheet Due to Financial Aid Office Pay date September 4, 2012-September 30 October 5, 2012 October 15, 2012 October 1-October 31 November 7, 2012 November 15, 2012 November 1-November 30 December 3, 2012 December 7, 2012 January 1, 2013-January 31 February 8, 2013 February 15, 2013 February 1- February 29 March 4, 2013 March 8, 2013 March 1-March 31 April 5, 2013 April 15, 2013 April 1-April 19 April 26, 2013 May 1, 2013 *Last Day for Work-Study Students is April 19, 2013 Looking to earn some extra cash? Work-study Community Service Positions Available All Majors Welcome Earn up to $10.00 an hour Work up to 20 hours a week Positions open until filled To Be Eligible: Must have a 2.5 GPA or better Must be interested in tutoring in English or Math Must have your own transportation Must be eligible for federal aid and have financial need For additional information, please contact Ms. Cherelle Smith, Work-Study Coordinator at (919) 582-3753 or via e-mail at csmith@shawu.edu Page 6 F I N A N CI A L AI D S C HO LA R S N E W S L ET T E R
Additional Scholarship info Open t o ASIS m em bers and ot her st udents pursing a career in Security Managem ent, Crim inal Just ice, Law Enforcem ent or related fields GPA requirem ent s will be defined by organizat ion Two Scholarship Awards Are Available: $1,000.00 from t he ASIS Foundat ion $500.00 from local ASIS Chapter 119 Applicat ions available online @ www.asis119.org under scholarship sect ion Deadline: November 1, 2012 All applicants will be cont act ed by t he organizat ion regarding applicat ion st at us For addit ional quest ions or t o subm it applicat ions, please contact Ms. Loye Missina, ASIS 119 Scholarship Chair via e-m ail @ loye@us.ibm.com or by m ail @ 3039 Cornwallis Road, P.O. Box 12195, NC 27709-2195 Cont act num ber: 919-671-45351 Scholarship award up to $1,000 Scholarship Deadline - June 14, 2013 Open to high school juniors, seniors, college freshmen, sophomores, juniors, seniors and graduate students To apply for this scholarship you will need to write an essay on the topic below. The essay should be between 500 and 1000 words. Your submissions must be sent to us by email at: scholarships@abbottandfenner.com ESSAY QUESTION: What have you done outside the classroom that demonstrates qualities sought after by the post secondary institution that you are hoping to attend or are attending? Also, which of these qualities means the most to you? For additional information visit: http://www.abbottandfenner.com/scholarships.htm V O L U M E VI, ISS U E V Page 7
ELC and MPN Processes Page content provided by Mr. James White, source of information from www.studentloans.gov. website ACTION REQUIRED TO RECEIVE A DIRECT LOAN: COMPLETE MASTER PROMISSORY NOTE & ENTRANCE COUNSELING As a first-time recipient of a Federal Direct student loan, you must complete a Direct Loan Master Promissory Note (MPN) and Entrance Loan Counseling (ELC) before you can receive Direct Loan funds. Please visit the StudentLoans.gov website at https://studentloans.gov IMMEDIATLEY to complete a Direct Loan MPN electronically and avoid delays in receiving your loan funds! You must have a Federal Student Aid PIN to complete a Direct Loan MPN. If you do not already have a Federal Student Aid PIN, visit www.pin.ed.gov to apply for one. Students should notify their Financial Aid Counselor once they have completed the ELC and MP N process so their status can be updated. If you have any questions, please contact the Financial Aid Office for assistance at (919) 546-8240 The Department of Education has recently gone back and reviewed the credit decisions of certain parents who applied for the Parent PLUS loan. As a result there are some parents who are now approved for the PLUS loan that were originally denied. If a parent falls into this category, they are then contacted by the Department of Education via email or by phone. During the correspondence the parent is informed that they must contact the school in order for that PLUS loan to be added to the student s account. There is no way for the school to know that parents were approved for the PLUS loan unless they notify the school. If the parent is now approved for the PLUS loan, a Master Promissory Note must be completed by the parent at www.studentloans.gov with their 4-digit PIN number. For more information regarding Parent PLUS loans, contact the Financial Aid Office at (919) 546-8303 or (919) 546-8370. Page 8 F I N A N CI A L AI D S C HO LA R S N E W S L ET T E R
Default Prevention Tips Page content provided by Ms. Wanda Carter, source of information from www.studentloans.gov website Students and Parents, please note that the United States Department of Education has made available to you the new Financial Awareness Counseling module. This element (a) offers the fundamentals of financial management, (b) displays students current federal and private student loan debt, (c) gives students an estimate of what they can expect to repay once they leave school, and (d) offers strategies that aid students in preventing loan delinquency and default. notice: Although Financial Awareness Counseling contains some of the same information in Entrance and Exit Counseling; it is not designed to replace the standard Entrance and Exit Counseling processes. You are encouraged to visit your local Financial Aid Office to meet with your Financial Aid Counselor to discuss Financial Aid strategies. The following Financial Awareness Counseling overview is provided compliments of www.studentloans.gov The Financial Awareness Counseling will include topics such as: Understand Your Loans This section will allow logged-in users to see their existing federal student loan debt based on the National Student Loan Data System (NSLDS) data. Users can enter additional loans that are not reflected on the NSLDS system. Outside the log-in, users can enter their student loans. Manage Your Budget This section includes an in-school budgeting tool that compares living expenses vs. a user s current income. The user can export his or her data to an Excel spreadsheet. Plan to Repay This section includes a budgeting tool which compares living expenses vs. estimated income after leaving school and calculates monthly payment amounts for each of the basic repayment plans. This section also includes a tool that allows the user to see the effect of paying extra towards their loans to reduce their overall debt and the amount of interest paid over time. Avoid Default This section provides tips on how to postpone repayment or lower monthly payments, if needed. Make Finances a Priority This section discusses the development of a financial plan and making financial decisions. A Summary Page This page gives a summary of the data used and/or entered and can be printed. V O L U M E VI, ISS U E V Page 9
Maximum Award: $1,500 per winner ($750 Fall and Spring Semester) Applications are no longer being accepted and all submitted applications are being reviewed! Winners will be notified by November 15, 2012 via their shawbears e-mail F O R A P P L I C A T I O N S O R A D D I T I O N A L D E T A I L S, P L E A S E C O N T A C T M R. V A L E N T I N O B R Y A N T @ 9 1 9-546- 8 4 3 4 O R V B R Y A N T @ S H A W U. E D U Want the latest and up-to-date information about financial aid changes and scholarships that are available? Follow the Financial Aid Office on Twitter @ ShawUFinAid For more information about The Financial Aid Office s Twitter Page contact: Mr. James White Financial Aid Counselor (919) 546-8370 james.white@shawu.edu