USC Info Session - Part 5 - Financial Aid

[Summary of the Quick Start Sheet handed out in the packet]

- 1 - Complete the FAFSA information - Go to www.fafsa.ed.gov (USC Code: 001328).

- 2 - Complete Supplemental Form - Log in to My Financial Aid and Document.  The Supplemental Form is in the "Document Library".

- 3 - Health Profession Student Loan - If you want to be considered for this, you have to complete your parent information on the fafsa, and submit copies of Student and Parent Federal Income Tax Returns including W2s and all schedules.  Use the Non-Filing Statement Form if you or your parents didn't file taxes.  Submission instructions are here.

[Now here's the presentation from Alison, the Associate Director of Financial Aid]

First, follow the Quick Start sheet.  Submit it early.  The deadline says March 2nd for the due date, but we want you to submit it early so if there are mistakes you have time to correct them and won't be disqualified.  We suggest submitting it by February 1st.

Be sure to complete the graduate supplemental form, USC specific form, how many units you're taking (18+), and your housing plans.  By April 15th, submit your tax returns or a non-filing form.  The Document Library on our website will have links to any form that you may possibly need.

Your next steps.

The Federal Graduate PLUS Loan is based on your credit score.  You can have a co-signer.  They can be released from it later on.  If you're an international student, you'll need to ask for private financing.

Another loan you'll want to look at is the Stafford Loan.  It has a fixed interest of 6.8%

Standard repayment on loans is 10 years, which can be extended up to 30 years.

There are scholarship opportunities, but only after starting your 2nd year.  Usually $2,500 to $3,000 on average.  A lot of these are given.  Some people get full scholarships.  You'll be applying for these during your  1st year to use for your 2nd year.

The cost for attendance for a year is $39,638.  And estimated total budget is $62,981 (That's if you include $1,200/month on rent, which I'm sure doesn't have to be the case.)  Next year a standard computer for all students might be included.

For any questions, email: pharmfao@usc.edu

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