Visit www.fafsa.gov to complete your application today! MSOE’s priority deadline is March 15th.

What is the FAFSA?
The Free Application for Federal Student Aid (FAFSA) is the only form needed to apply for financial aid. The FAFSA requires students, and parents of dependent students (students under the age of 24), to report income and asset information from the previous calendar year. Once completed, the FAFSA will calculate a student’s EFC (“Expected Family Contribution”). The EFC is an index used by schools to determine a student’s financial need and award financial aid, it is not the actual out of pocket that a family is required to pay.

What will you need to complete the 2013-2014 FAFSA?
Federal PIN: Both the student and one parent are required to have a PIN in order to electronically sign the FAFSA. If this is your first year completing a FAFSA and you have never applied for a PIN before, go to the PIN website www.pin.ed.gov to Apply for a PIN. If you already have a PIN but do not remember it, go to the PIN website to Request a Duplicate PIN.

2012 Federal Tax Return & 2012 W-2s: The FAFSA requires applicants to report income and asset information from the previous calendar year. When completing the 2013-2014 FAFSA, tax and other financial information from 2012 will be used. If you are completing the FAFSA before your federal taxes are filed you can report on the FAFSA that you “Will File” and then use either your 2011 income figures (if it’s similar to your 2012 income) or use the Income Estimator option on the FAFSA. The more accurate income figures you report the less your financial aid could change when you eventually file taxes and update your FAFSA.

If you are completing the FAFSA after filing your federal taxes you can use a copy of your 1040, 1040A or 1040EZ to manually report the tax information requested. However, it is HIGHLY RECOMMENDED that you utilize the IRS Data Retrieval Tool (IRS DRT) on the FAFSA to transfer your tax information directly from the IRS. This option is available 3-8 weeks after filing your taxes (3 if filed electronically, up to 8 if filed by mail)*. Using the IRS DRT ensures that your tax information is reported accurately and may lower your chances of being selected for Verification.

*Announcement Regarding IRS Data Retrieval Tool for the 2013-2014 FAFSA
The Internal Revenue Service (IRS) announced on Tuesday, January 8 that it won’t begin accepting 2012 tax returns until January 30, which will delay the availability of data through the Department of Education’s IRS Data Retrieval Tool for the 2013-2014 FAFSA. The January 30 start-up date is eight days later than originally planned due to the January 2 enactment of tax law changes made to resolve the “fiscal cliff.” Since tax data is generally not available for retrieval for at least three weeks after a tax return is electronically filed, the earliest the IRS DRT on the FAFSA will have 2012 tax information available for retrieval will be late February.

 

MSOE encourages students to file the FAFSA by our priority deadline of March 15, so students may not want to wait until the IRS Data Retrieval Tool is available to file their FAFSA. One major drawback in not using the IRS Data Retrieval Tool is that there may be a higher risk of students being selected for Verification by the Department of Education. If this happens, MSOE’s Financial Aid Office will contact those students to request documents to verify items on their FAFSA.

2012 Work Study Earnings
Were you a Work Study student at MSOE (or another institution) between January 1, 2012 and December 31, 2012? If so, you need to report those earnings on your 2013-2014 FAFSA. When completing the “Student Financial Information” section of your FAFSA there will be a section titled “Additional Financial Information.” Please check the box next to “Taxable Earnings from Work-Study, Assistantships or Fellowships” and record the amount of your 2012 Work Study earnings in the box provided.

By the end of January you will receive a letter from MSOE’s Financial Aid Office regarding the amount of Work Study you earned from MSOE during 2012. Use the amount provided from our office to report your Work Study earnings on the FAFSA.

Spotlight
MSOE sets a priority deadline of March 15th to encourage students and families to apply for financial aid EARLY! Completing the FAFSA by the priority deadline ensures that a student will receive as much financial aid as possible. Certain funds are “first-come, first-served” and the Financial Aid Office will run out of these funds even for eligible students with financial need.

Not interested in receiving financial aid? If you only wish to receive your meritbased, MSOE Academic Scholarship then you are not required to file a FAFSA. To ensure you are awarded your scholarship only and to avoid a lot of emails from our office, contact us in writing (a quick email to finaid@msoe.edu is sufficient) and state that you would like to waive the 2013-2014 FAFSA and be awarded your scholarship only. This email should come from the student directly. Students are also welcome to stop by the Financial Aid Office to make this request in person.

MSOE’s Federal School Code is 003868. This number can be entered when completing the FAFSA so that MSOE receives your financial aid application once submitted.

WAICU Students’ Day is February 27, 2013. This event is a great opportunity to share your personal story about financial aid—the Power of Financial Aid—with state legislators. Both students and parents are encouraged to attend. It’s not only a chance to put a face to financial aid, it’s also a great chance to get involved with students from other Wisconsin private, nonprofit colleges and universities so all can support more funding. For more information, and to register for the event, please visit the WAICU’s website.

The MSOE Financial Aid Office is currently accepting applications for The Gordon K. Hatch ‘36 Founders Scholarship. This scholarship is an additional $3,334 award for the 2012-2013 school year and may be renewable if the recipient fulfills the agreed upon criteria listed.

To be considered a candidate for the scholarship the applicant must meet the following criteria:

  1. Be a qualified, full-time student with academic status as a sophomore or junior in the Fall of 2012
  2. Be seeking a professional, baccalaureate degree in Mechanical Engineering Technology or Mechanical Engineering with an expressed interest in mechanical design or energy systems from MSOE
  3. Maintain a MSOE minimum grade point average of 2.5 or higher on a 4.0 grading system
  4. Preference given to residents of Door County, WI area

A Hatco Corporation representative will interview candidates selected by MSOE as finalists for the scholarship awards.

Internship/Employment
In accepting a Hatco scholarship, the recipient must:

  1. Participate in, if offered, a compensated internship at the conclusion of the 2012-2013 academic year at the Hatco facility in Sturgeon Bay, WI. The internship may include employment during the academic year to be scheduled around the student’s academic obligations.
  2. Schedule permitting, be willing to attend selected MSOE professional and social functions as a Hatco scholar
  3. Be willing to consider the potential of full-time employment with Hatco
    following graduation

To apply: Please visit our Scholarships page for more information and to access the Scholarship Report Form.

***Deadline December 12, 2012***

Investing in student aid is an investment in the future. That’s the Power of Financial Aid. To show that power, sign the petition to Wisconsin’s Governor and legislators in support of state student financial aid programs that help Wisconsin students at Wisconsin colleges and universities.

Sign the petition, then share it on Facebook and Twitter and ask your friends and family to sign it too. The petition will be shared with Wisconsin legislators and Wisconsin’s Governor so we can show the Power of Financial Aid in Wisconsin.

College Goal Wisconsin will be held Saturday, February 23rd and Sunday, February 24th at several locations throughout the state in order to walk students and parents through the FAFSA and financial aid process. Those in attendance will have the opportunity to complete the FAFSA from start to finish with volunteers on hand to offer one-on-one guidance. To find a location near you, visit College Goal Wisconsin.

For students living outside of Wisconsin, please visit College Goal Sunday National.

CASHNet has been updated to make it easier to view your tuition bills. Please follow the directions below:

  1. Log into my.msoe.edu
  2. Click on “Students” tab
  3. Click on “Student Account Info” on the left side of screen
  4. Click on “My Account Info” on the left side of screen
  5. Click on “Go to CASHNet”
  6. Under “Your Bills” click on “View” button to the right of the billing statement listed and your current bill will be displayed

We strongly encourage you to give a parent (or other individual who is helping to finance your education) access to view your bills and pay your account online. By granting a parent or other person access to view your account it will NOT give that individual access to anything other than viewing the invoice and making a payment. They will not be able to see your grades, class schedule, financial aid information, etc. Follow the directions below to add a user:

  1. Follow the steps to view your bill online/ Go to CASHNet (see directions above)
  2. In box titled “Parent PINs” click “Add New”
  3. Fill out the required information and CASHNet will send your authorized user an email with the
    payment site link and PIN

Please feel free to contact the Student Accounts Office with any questions on this process!

Payment for the Winter Quarter is due by Monday, December 10th, 2012. Invoices have been mailed and all students can view their account online as of Monday, December 3rd. If you have any questions about your balance due, payment plans, etc., please contact the Student Accounts Office at 414-277-7130 (local) or 800-886-6763 (toll free). You can also email Student Accounts at payments@msoe.edu.

Student Employment
There are several positions still available for the 2012-2013 academic year. Most positions do require you to be eligible for Federal Work Study, so please contact the Financial Aid Office to see if you qualify. If you are interested in working on campus, please visit the Student Employment page to view current job openings.

Current Scholarship Opportunities
Moore Oil Scholarship – Application deadline: Tuesday, November 27th
MSOE’s Financial Aid Office is currently accepting applications for the 2012-2013 Moore Oil Scholarship. This additional $5,000 scholarship will be awarded to one qualified student. Preference will be given to students seeking a professional, Baccalaureate degree from the Rader School of Business, or from the field of Industrial Engineering with full time standing as a junior in the Fall of 2012.

Due Friday, November 2nd

  • N.E.W. Industries Scholarship: Two qualified students will receive an additional $5,000 scholarship for the 2012-2013 school year. This scholarship may be renewable if the recipient fulfills the agreed upon criteria.
  • Boldt Company Scholarship: One qualified student will receive an additional $3,000 scholarship for the 2013-2014 school year.
  • The Modine Manufacturing Company Scholarship: One qualified student will receive a $5,000 scholarship, renewable if the student continues to meet certain criteria.

Payment due date was September 17th, 2012. The Student Accounts Office did extend the deadline to October 31st, 2012. Balances paid in full by October 31st, 2012 will not incur any late fees.

Keep in mind if you still owe a balance on your student account you will not be allowed to register for any future quarters at MSOE. If you have any questions about your account please contact Student Accounts by calling 414-277-7130 or e-mail payments@msoe.edu.

You can make cash, check or credit card payments in person at the Student Accounts Office located in CC-437. For your convenience there’s also a drop box in which you can leave your payment. MSOE accepts credit card payments (MasterCard, Discover, American Express) via fax at 414-277-4535, over the phone at 800-886-6763, and online at my.msoe.edu (click on the GO TO CASHNet Button).

Due to circumstances beyond MSOE’s control, the ACH (Electronic Check) payment option is temporarily unavailable. We will send out an email when the issue has been resolved. Thank you for your patience!

How to cover an outstanding balance
Do you have a hold on your account because of an outstanding balance? Here are some financing
options that may help:

  • H.E.L.P. Payment Plan (immediate release of hold)
    Payment plan that allows you to make affordable monthly payments.
    *Contact Kristie Bonney at 414-277-2231 to set up your plan today
  • Federal Direct PLUS Loan (minimum processing of 3 days)
    A federally insured loan for parents of dependent, undergraduate students. Parents can apply for a loan up to their student’s Cost of Attendance. In the case of a parent who is denied the PLUS Loan, the student will be awarded an additional $4,000-$5,000 Direct Unsubsidized Loan. Apply online: www.studentloans.gov.
  • Alternative/ Private Student Loan (minimum processing of 2 weeks)
    A credit based loan in the student’s name with a credit worthy co-signer. For a list of participating lenders visit our Alternative Loans page.

The National Student Loan Data System (NSLDS) can help. NSLDS is the U.S. Department of Education’s central database for student aid. Using NSLDS, students can access information regarding their loan servicers, loan amounts, outstanding balances, loan status and disbursements.

Visit NSLDS today (click on “Financial Aid Review”) to review all of your federal loan information.

Exit Counseling is a tool to assist in walking you through all of the important steps of repaying your student loans.

Exit Counseling will cover:

  • The importance of having updated contact information on file with your lenders
  • When you will enter repayment on your loans
  • Your repayment options
  • Options if you are not able to make your loan payments

Perkins Loan and/or MSOE Loan borrowers should contact University Accounting Services with questions. Contact them online, or call (800) 999-6227. Private student loan borrowers should contact their private lenders directly, as well.

Full-time enrollment must be maintained in order to remain eligible for scholarships. Full time enrollment is defined as being registered for 12 or more credits per quarter and is determined by your enrollment status as of 4:30 p.m. on Friday of week 1 of each quarter.

Initial scholarship reviews and revisions will be conducted at the end of a student’s 2nd full-time academic year of study. Students who have achieved a cumulative GPA (CGPA) of 3.01-4.0 at the time of review will receive an increase of $500 to the scholarship for the next academic year. Scholarship increases in subsequent years will be $500 if a student maintains a CGPA of 3.01-4.0 as determined at the end of year review.

Students who have never received a scholarship in the past, but who at the time of review have completed full-time studies in the previous academic year and have achieved a CGPA of 2.5-3.0 will receive an initial scholarship amount of $6,000 for the next academic year. Students who have achieved a CGPA of 3.01-4.0 will receive an initial scholarship of $8,000 for the next academic year. Subsequent adjustments will be addressed as stated above.

All New Students are required to fill out and submit a Financial Responsibility Acceptance Form and should also submit a Release of Student Financial Services Information Form (this form is optional). You must complete the following forms before you register for the Winter quarter:

1. Financial Responsibility Form (MANDATORY)
This form is required by the Federal Government and ALL STUDENTS MUST complete this form by September 1, 2012. You will only need to read through and sign off on the information once, however, if it is not completed a hold may be placed on your account and you will not be able to register for further quarters until this documentation has been reviewed, signed and submitted to the Student Accounts Office. If you have any questions as you are reading through the documentation, please contact the Student Accounts Office for further assistance.

If you would like to complete this form online, after reviewing the information, please print a copy for your records and CLICK ON THE FINANCIAL RESPONSIBILITY ACCEPTANCE FORM TAB. You will be asked to fill out your name and accept the terms and conditions of the document you have just reviewed. If you need further assistance please contact the Student Accounts Office.

If you have not filled out this form, please check with the Student Accounts Office. Holds will be placed on all accounts of those individuals who have not submitted their form. You can submit your form in person, or electronically through my.msoe.edu.

2. Release of Student Financial Services Information Form (OPTIONAL)
All students are encouraged to complete this form and submit it to the Student Accounts Office. This form allows both the Student Accounts and Financial Aid Offices to discuss your financial aid and student account information with the individual(s) or company(ies) you have authorized on the form. If our office does not have a signed form on file we will only give out financial information to YOU, the student. We will not even share your financial information with a parent, even if they are paying your bill, if they are not specifically authorized by you on the form.

This form can be changed at any time during your academic career at MSOE, however you are strongly encouraged to have an initial form on file with our office before classes begin. Please contact the Student Accounts Office with any questions or concerns.

Students that are receiving private scholarships should turn in all checks to the Financial Aid Office. Donors can also send scholarship checks directly to our office at the following address: 1025 N. Broadway, Milwaukee, WI 53202. If the check is co-payable to both you and MSOE we will need you to endorse the scholarship check. All funds will be transferred to your student account during the 2nd week of classes. If the check is received after the 2nd week, the funds will be processed and applied to your account upon receipt.

Your financial aid eligibility and charges are based on your schedule as of Friday of week 1 at 4:30pm. Any changes made to your schedule after week 1 could potentially result in the loss of financial aid and/or an unexpected balance owed to MSOE. If you have any questions about how your schedule change will impact your financial aid award, please contact the Financial Aid Office first!

Dropping below full-time status: Undergraduate students not enrolled in at least 12 credits per quarter are ineligible to receive their MSOE scholarships or grants for that quarter. Federal and state grants will be prorated based on the student’s enrollment. If you drop below full-time status prior to Friday of week 1 at 4:30 pm you will be charged per credit. However, if you drop below full-time status after Friday of week 1 you will still be charged full-time tuition even though you are taking less than 12 credits.

Withdrawing from all classes: Students who withdraw from all classes after the first week of school may not be eligible to receive all of the financial aid that was initially awarded. Students who withdraw or stop attending all courses prior to completing a minimum of 60% of a quarter will be required to repay the “unearned portion” of the funds received. In addition, a portion of the award that was used to pay for tuition, fees, books, etc. may also need to be repaid to the school. This is a federal regulation and only applies to students who withdraw from all classes. This does not apply to students who successfully complete at least one course in the quarter. Please visit our Refund Policy page for more information.

Satisfactory Academic Progress Policy for MSOE Financial Aid Recipients: In accordance with federal regulations, financial aid recipients are required to complete a minimum percentage of credits attempted, as well as maintain a cumulative grade point average (CGPA) that would lead to the attainment of a degree. Students must successfully complete at least 67% of cumulative credits attempted (this is also referred to as “pace”). Attempted credits include successfully completed credits (grades A-D), earned F’s, incompletes, withdrawals and courses that were grade replaced. Completed credits include successfully completed credits (grades A-D). Students must also maintain a 2.0 CGPA. Students who have not maintained a 2.0 CGPA or have not completed at least 67% of cumulative credits attempted at the end of a quarter will be placed on Financial Aid Warning. While on Financial Aid Warning, the student is still eligible for financial aid, but the student must reestablish a 2.0 CGPA or meet the minimum pace requirement by the end of their next quarter of attendance. If they do, the Financial Aid Warning is lifted; if they do not, their financial aid is suspended for their next quarter of attendance. Students can appeal the suspension of their financial aid. For a more thorough explanation of the Satisfactory Academic Progress Policy, please visit our website.