Tuition/Fees

$28,160

$28,160

$28,160

Room/Board

$9,440

$10,040

$2,000

Books

$1,400

$1,400

$1,400

Transportation

$1,000

$3,100

$2,300

Living/Misc

$2,100

$3,000

$1,840

TOTAL COA ►

$42,100

$45,700

$35,700

Direct Costs ►

$37,600

$28,160

$28,160

Federal, State or Barry Scholarship or Grant.

You need to do nothing at this time. We will complete the processing necessary to acquire those funds.

Note: Some Barry Scholarships are awarded at a higher amount if you live in university housing. Should you move out of university housing, your scholarship may be reduced slightly.  Contact the Financial Aid Office for more specific information.

Verification Pending

Your FAFSA was selected by the federal processor for verification. Visit our www.barry.edu/verify for instructions.

We are required to collect income tax documents and a verification worksheet in order to verify certain key elements on your FAFSA. If we find errors we must correct your FAFSA.

This could result in a decrease of financial aid, an increase, or no change at all.

Warning: Your financial aid is not official until the verification process is concluded.

Your Housing Status

Living on or off campus may affect your financial aid. We have made assumptions based on current information, and stated the housing status your financial aid was based on. Please review this carefully, and if the information is not current or correct, please contact us.

Federal Work-Study

Decide if you wish to work part-time on campus. If so, then complete:

• Federal Work-Study Job Application
• IRS Form W-4
• Federal I-9 form

Visit our Federal Work-Study website for full details.

Keep in mind that Federal Work-Study is a regular job, and you get paid for the hours you actually work and the time sheet you turn in.

Direct Stafford Loans
(Subsidized or Unsubsidized)

Decide if you need to or wish to borrow loans. If yes, then complete an entrance interview and a Master Promissory Note (MPN) at www.studentloans.gov

If you have never borrowed a Stafford loan at Barry, you must complete BOTH the loan counseling and the MPN to receive your loan.

If you have borrowed at Barry then you need only complete the MPN (Master Promissory Note).

What is the difference between Subsidized and Unsubsidized?

• A Subsidized Stafford Loan is awarded on the basis of financial need as determined by the FAFSA. The federal government pays the interest on these loans while students are in school at least half-time and during grace and deferment periods.
  
• An Unsubsidized Stafford Loan is awarded regardless of financial need but you will be responsible for the interest from the time the loan is disbursed until it is paid in full.

How much should I borrow?
Only what you need. The amount on your award letter is the maximum the government allows. You may and probably should borrow less than the amount listed.

If you apply for a loan and don’t inform us of a different amount, we will process the loan(s) for the maximum amount you are eligible to receive.

To borrow less than the maximum provide us with the amount in a signed and dated letter, or email us from your Barry email account.

Monitor Your Federal Loan Debt
We encourage you to monitor your federal student loans using the National Student Loan Data System. (http://www.nslds.ed.gov/nslds_SA)
Use your federal PIN number and review your federal loan debt from all schools you attended. Private and institutional loans are not included.

Federal Direct PLUS or Parent Loan

A PLUS Loan is a federal loan for parents of dependant students. PLUS loans are not based on financial need; however, the loan cannot exceed the cost of attendance minus other financial aid.

Decide if this loan is necessary. Then apply online at www.studentloans.gov

The PLUS loan is also based on credit. In the event that the parent loan is denied, then the federal government allows the student to borrow an additional Unsubsidized Stafford Loan.

If the PLUS loan is not approved, then contact our office if you wish to borrow the additional Unsubsidized Stafford Loan. The amount will be $4,000 for students with less than 60 credits completed, or $5,000 for students who have completed 60 or more credits.

As with all loans, you do not have to borrow the maximum.

Outside Scholarship

An outside scholarship is one you obtained through your own efforts with an outside organization. While we may list it on your award letter, it is your responsibility to make sure the organization sends the funds to Barry’s financial aid office in your name so that we can credit it to your account.

You are responsible to ensure that you fulfill all of the requirements the organization requires.

Renewing your Award

Your financial aid package is offered this year only. Students should complete the Free Application for Federal Student Aid as soon as possible after January 1st for the upcoming Fall semester. (www.fafsa.gov). Changes in your family’s situation, your academic performance, your housing status, and availability of funds may cause your financial aid award to change from year to year.

Satisfactory Academic Progress

In order to receive federal financial aid students are required to make academic progress toward their degree. Minimum full-time academic progress is defined as completing at least 12 credits per semester, (Fall or Spring) with at least a 2.0 cumulative GPA.

At the end of each semester progress will be monitored for all students receiving financial aid. Students not making satisfactory progress will be notified and placed on financial aid warning.

Students placed on financial aid warning could lose all of their financial aid should they fail to reach the academic progress standards in the subsequent semester.

Students experiencing problems affecting their ability to maintain academic progress have many opportunities for assistance at Barry University.

Center for Advanced Learning www.barry.edu/CAL

Center for Counseling and Psychological Services
www.barry.edu/counselingservices

Career Services
www.barry.edu/careerservices/default.htm