Financial Aid Information

To Be Eligible For Financial Aid You Must:

1.  Be enrolled in an eligible program
2.  Be a U.S. citizen or an eligible non-citizen
3.  Demonstrate financial need
4. Clear any over payments and/or default status
5.  Have registered with Selective Services (if you are a male)
6.  Not have any drug convictions
7.  Make satisfactory academic progress (to continue receiving financial aid)

How To Apply

1.  Complete the 2008-2009 FAFSA
    a.  Find it online at www.fafsa.ed.gov
    b.  Stop by our Financial Aid Office.   

• Our Financial Aid Advisor can help you fill out your FASFA here at the school
• To Make an appointment, contact our office at 524-3363 or email us at info@mash.edu

2.      Bring the following items to your appointment:

    a.  Picture ID
    b.  Social Security (SSN) card

    c.  2007 federal tax forms (1040, 1040A, 1040EZ) and W2’s, Social Security    and/or Welfare (MERF) documents
    d.  Your parent’s 2007 federal tax forms (1040, 1040A, 1040EZ) and W2’s, Social Security and/or Welfare (MERF) documents (only if you are a dependent student)

3.  Copies of the tax forms used to complete the FAFSA may be required by the Financial Aid Office should you be selected for Verification.  Verification is a random selection done by the government.  Along with copies of tax forms, you will need to complete additional documents.

Types of Aid Available:

1.      Grants:

        Federal PELL Grant:  Awarded to students who have not earned a bachelor’s or professional degree. Students must demonstrate exceptional financial need.  Does not need to be repaid.

         Federal Supplemental Education Opportunity Grant (FSEOG):  Awarded to students who have not earned a bachelor’s or professional degree.  Students must demonstrate exceptional financial need.  Priority is given to PELL Grant recipients.  This grant is based on availability of funds and does not need to be repaid.

 
2.       Loans:

            Federal Subsidized Stafford Loan:  Awarded to students who demonstrate financial need.  The federal government pays the interest of the loan while students are in college and during the six-month grace period after the students graduate, leave school, or enroll less than half time.  The government also pays the interest of the loan during any periods of deferment.  This loan does need to be repaid. 

             Federal Unsubsidized Stafford Loan:  May be used to supplement a Subsidized Stafford Loan if the student is an independent student.  Dependent students are eligible to receive an Unsubsidized Stafford Loan only if their parent has been denied a Federal PLUS Loan.  The interest on the loan is not paid by the government, and instead starts to accrue from the time of disbursement.  Students are responsible for the accrued interest, and may pay for the interest as it accrues or have the interest capitalized.  The loan does need to be repaid.  Repayment starts six months after the student has graduated, left school, or enrolled less than half time.

             Federal PLUS Loan:  A federal loan for parents of dependent students.  Awarded to parents with good credit histories.  The loan does need to be repaid.  Repayment starts 60 days after the second disbursement.

                   ANNUAL LIMITS & INTEREST RATES (may change yearly)

Type of Aid	Annual Limit	Interest Rate
Federal PELL Grant	$4,731	N/A
FSEOG	$400	N/A
Federal Subsidized Stafford Loan	$3500	6.8% (Variable w/ a cap of 8.25%
Federal Unsubsidized Stafford Loan	$6000	6.8% (Variable w/ a cap of 8.25%
Federal PLUS Loan	*COA – Financial Aid	8.5% (Variable w/ a cap of 9%

    *COA is the student’s Cost of Attendance. Includes the cost of tuition.

External Resources

           Includes resources such as Oahu Work Links, Alu Like and Samoan Support Services.  Awards based on the criteria of the specific agencies.  Refer to the respective web sites below to find out contact information and more.

 

Important Links:

Federal Student Aid (FSA)                                         www.studentaid.ed.gov

FAFSA on the Web                                                      www.fafsa.ed.gov

National Student Loan Data System                      www.nslds.ed.gov

Alu Like                                                                         www.alulike.org

Hawaii Community Foundation                               www.hawaiicommunityfoundation.org

Oahu Work Links                                                       www.oahuworklinks.com

          -to register for their services go to             www.hawaii.gov/labor

             then click on the paper airplane