Here's some info I got from rosanna, thanks again rosanna:
Originally Posted by Rosanna
Hi eyedream82:
Here is some additional information if you need it.
- Rosanna
Quote:
Rosanna wrote on 01-27-2004 12:50 AM:
I had somewhat answered this question for another person on the board a few weeks ago. Let me know if you have any other specific questions regarding UCBSO (since that is what you seem to be concerned with).
- Rosanna
Rosanna wrote on 01-10-2004 12:28 AM:
Hi J.opt-
I'm having trouble posting on the message board so I decided to PM you.
First, you should fill out the 2004-2005 FAFSA. If you have your Department of Education PIN, you can fill this out online at:
http://www.fafsa.ed.gov
As you probably know, you are automatically considered an independent since you are enrolling into a professional/graduate program. It is up to you if you decide to include your parents' incomes or not. Many financial aid officers told me during interviews that you should only put down your parents' incomes if you think they can qualify for low-income grants or loans.
Once you fill out the FAFSA, the optometry school that you ultimately decide to go to (in other words, the school you send in the final deposit to hold a seat for you) will send out an awards summary to you. This may take some time because the financial aid office has to get a clear number of how many students are attending and how to distribute the loans - so this could be during the summer.
There are a lot of loan programs to help you cover the cost of optometry school. There are the Federal Subsidized and Unsubsidized Stafford Loans, Federal Perkins Loan (PSL), HHS Health Professions Student Loans (HPSL), HHS Loans for Disadvantaged Students (LDS), and Federal Work Study Program (FWS) just to name a FEW. The financial aid office will help you go through all these loans and decide if you qualify.
If you borrowed a Stafford loan previously during your undergraduate studies, you can continue to use the same lender. If the optometry school is not a Direct Loan school (such as SCCO), you will need to decide when lender to borrow from. Again, there are many lenders to choose from: Bank One, Medfunds, ALL Student Loan Corp, BOA Stafford Maximizer, Citibank Student Loans, Wells Fargo MedCap (I only mentioned a FEW) - and each lender offer different incentives (no origination fees, interest reductions after x payments, etc.) Don't worry about this - you'll get a lot of advice from your big sib or mentor and from the financial aid officers if you get stuck.
What you can do now is ask the financial aid office of the school you are considering to go to if they have scholarship rewards for incoming students. Most scholarships are based on GPA, but some you can write an essay to qualify. If you have the time, you can begin to apply for these scholarships now.
Sorry to make this long - so basically, fill out your FAFSA now and submit it to all the schools you are considering attending if you haven?t made your final decision yet.
I have some advice if you have undergraduate loans. If you are still in school, you should make an appointment with your undergraduate financial aid office about an exiting interview. Most schools require an exiting interview before you graduate to ensure you know how to repay your loans and you can ask how to acquire an in-school deferment if you plan to defer your loan payments until the end of the optometry school. Most optometry schools are familiar with the deferment forum, but it wouldn't hurt to fill it out and mail in early.
I'm sorry if I made this confusing for you - believe me, there isn't much to worry about. The Federal Subsidized Stafford Loan amount approved last year was $8,500 and Unsubsidized Stafford was $30,000 if you had no income or assets. Remember to only borrow the amount you need =).
Ok, I hope this helped. Take care!
Best wishes,
Rosanna