The University of Arizona (UA) understands that financial aid and planning for college costs can be a complicated matter for many families. The resources available below may help you to further understand options available to your family.
Planning for College
- Khan Academy provides an evolving resource to your college admission needs. They offer a detailed timeline to help students ensure that they are meeting datelines and recommendations as early as possible.
Cost of College Calculator
- The Net Price Calculator is designed to help incoming freshmen and their families estimate scholarship eligibility, costs, and other aid options at the University of Arizona.
- This generic calculator from The College Board allows you to input estimated costs for college(s) for which you are interested. By including your family’s income information, you can determine aid options that may be available to you at that school.
- Using this site prior to completing your Free Application for Federal Student Aid (FAFSA) will provide you with an estimate on the aid options you can expect to receive from any given school. By using this site, you are receiving an estimate of your aid options and will still need to visit https://fafsa.ed.gov/ to complete your actual FAFSA application.
- To apply for federal student aid, such as federal grants, work-study, and loans, you need to complete the FAFSA. Completing and submitting the FAFSA is free and easier than ever, and it gives you access to the largest source of financial aid to pay for college. In addition, many states and colleges use your FAFSA information to determine your eligibility for state and school aid.
- You should never pay a fee to file the Free Application for Federal Aid (FAFSA), or to have someone fill out the FAFSA for you. This form can be completed online at https://fafsa.ed.gov/. The FAFSA itself will guide you and provide detailed explanations for each question. If you need help filling out the FAFSA you may call the FAFSA Help Line at 1800.4FED.AID.
- The state of Arizona and many other states throughout the country are pleased to offer free events where families may complete their FAFSA application with assistance from Financial Aid Professionals. These events occur in early February. Visit the link above to determine your nearest location.
- Beginning in May, students, parents, and borrowers will be required to use an FSA ID, made up of a username and password, to access certain U.S. Department of Education websites. The FSA ID will replace the Federal Student Aid PIN that you use today to confirm your identity when accessing your financial aid information and electronically signing your Federal Student Aid documents.
- Mint links all of your accounts together, including but not limited to checking, savings, credit cards, and other financial accounts, in order to help you track your spending and create a monthly budget to reach your financial goals. Mint has the ability to send bill reminders to your phone and determine ways for you to better manage your money in order to keep more of it in your pocket.
- BudgetTracker allows you to manually enter all of your accounts, balances, and transactions in order to provide you with budget lists and bill reminders at your convenience.
Tips for keeping costs down
- Rent textbooks instead of buying
- Choose an affordable meal plan
- Have a roommate
- Choose affordable housing options
- Pay your balance(s) on time to avoid late fees
- Do not add/drop classes during a period that requires a fee
- Meet with your academic advisor(s) on a regular basis to ensure you are meeting your graduation goals
Anticipated Salary and Employment Forecasting
- The Bureau of Labor Statistics offers estimations of pay for many professions as well as information on the highest paying professions, fastest projected growth, and most new jobs. This site can help students determine their anticipated salary after completing their bachelor’s degree and beyond.
Part-Time Employment, Internships, and Summer Jobs
- The University of Arizona’s Career Services website offers many opportunities for students to explore both jobs available on campus as well as internships and summer job opportunities.
Private Educational Loans
- The University of Arizona offers information on our website to assist students in their search for private educational loan lenders. We recommend that students review the interest rates, repayment options, and lender policies closely to determine which lender is a good fit for their individual needs. Note that most students will be required to have a cosigner in order to qualify for this loan option.
- Federal Student Aid, a division of the U.S. Department of Education, offers a loan repayment calculator. This service uses your up-to-date loan information in order to provide you with a comparison of your individualized repayment options.
- A deferment or forbearance allows you to temporarily postpone making your federal student loan payments or to temporarily reduce the amount you pay. Federal Student Aid offers guidance on default and forbearance options.
Deferred Action for Childhood Arrivals (DACA) Students
- This is a multimillion dollar national scholarship fund which is available for students who are considered DREAM (Development, Relief, and Education for Alien Minors) students. The organization helps DACA students to fund their education through various scholarship opportunities since they do not qualify for federal financial aid options.
- Through this website, students may apply for DACA status as well as renewal. It also provides tools for individuals to become advocates for the DREAM community.
- Scholarship A-Z is an organization ready to assist DACA students with their DACA application as well as provide them with available resources and scholarships. This organization also advocates for such things as providing in-state tuition for deferred-action students.
Managing Your Financial Aid at the University of Arizona
- Educational expenses are charged to your student account, also known as a Bursar’s Account. Your financial aid will automatically be applied to your tuition, mandatory fees and campus housing. You must authorize UA to pay your additional educational expenses via your UAccess Student Center.
- Financial Aid releases to your Bursar’s account approximately 10 days prior to the first day of classes each semester. All requirements (To Do List Items) must be complete for your aid to release.
- Undergraduate students are awarded financial aid based on full-time enrollment (12 UA units). Any undergraduate students who enroll in less than 12 units must contact the Office of Scholarships and Financial Aid in order to receive aid in a timely manner. Most scholarships will not disburse unless you are enrolled in 12 UA units.
- Aid awarded for the academic year is divided evenly between the fall and spring semesters.
- Set up Web Refund (direct deposit) on UAccess so that remaining funds are sent directly to your bank account! Ensure your bank account information is up-to-date.
- Apply for as many scholarships as possible. Visit Scholarship Universe today!
While reviewing NSLDS, students may use the Loan Calculator below to assist them in determining remaining Federal Direct Loan borrowing eligibility and to estimate how many semesters of Federal Direct Loan borrowing they have left.
To access this calculator, click here.