03pro3.2 - CAL POLY STATE UNIV FINANCIAL AID 2002/03...

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CAL POLY STATE UNIV SECTION: 3.2 FINANCIAL AID – 2002/03 PROC: PARS PROCEDURES MANUAL DATE: 4/09/97 REV: 4/12/2011 TITLE: 2002/03 FINANCIAL AID PACKAGING INFORMATION RESPONSIBLE PERSON: Director/Associate Director Financial Aid DISTRIBUTION: Financial Aid Staff 2002/03 FINANCIAL AID PACKAGING INFORMATION Revised: April 12, 2011 PACKAGING FORMULAS are in sequence from high to low need. FORMULAS 1-17 include on-time undergraduates applicant. Formula 18 include graduates. Formula 19 includes all late filers, undergraduate and graduates. 2003 Changes: 1. On-Time Process Date = 03/13/02 2. PELL Maximum Award = $4000 (0 - 3800 EFC) 3. SEOG Maximum Eligible EFC for New/Transfer students = 1600; 0 EFC for Continuing 4. SUG Maximum Award = $1428 Undergraduates Only 5. FWS Maximum Award = $2700 (Awarded to New/Transfer students (not EOP) with EFC less than 1601 (unless student is a prior year earner or an approved request.) 6. Perkins loans expanded to include all undergraduate EOP Students. Limited to (0 - 4000 EFC) range. 7. Late Formula "may" not include SUG or Cal Poly Grant GLOBAL SELECTION CRITERIA : FAFSA Process Date greater than 0 and less than 03/14/02 for ON-TIME packaging consideration. ACTIVE STUDENT STATUS = Option 1 greater than blank (Continuing Fall/Winter/Spring 014,021, 022 Enrollment) or (Accommodated for Summer/Fall 023, 024) FUND CONTROLS : ALL FEDERAL/STATE FUNDS: Federal Eligibility Flag = E (Checks Default/Repayment, RAP4) PELL: PARS Internal controls: Citizenship Code = 1 or 2 (Screen 314) Class Level = P, 1 - 5 (Screen 314) Degree by July = N (Screen 314) Pell Eligibility = Y (Screen 313) MidYr not equal ‘P’ EFC < $3801 01 SUG: New/Transfer/Continuing Undergraduates, California Resident, No Cal Grant . 0000 - 4000 $1428 All formulas, on-time and late 02 SEOP: EOP students (Undergraduates) - $1000 03 SEOG: Undergraduates, Classification not equal 2 ND Bachelors New/Transfers Students: 0000 – 0800 $900 (Formulas 01, 03, 05, 07) 0801 – 1600 $600 (Formulas 09, 11) Continuing Students: 0 EFC $600 (Formulas 02, 04) - 1- e2cb3aafeb4f455bf813be4d2812d72ff6747e14.doc
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CAL POLY STATE UNIV SECTION: 3.2 FINANCIAL AID – 2002/03 PROC: PARS PROCEDURES MANUAL DATE: 4/09/97 REV:
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03pro3.2 - CAL POLY STATE UNIV FINANCIAL AID 2002/03...

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