FINANCIAL AID UPDATES FOR PARENTS

The 2017-2018 FAFSA (Free Application for Federal Student Aid) can be completed online at www.FAFSA.ed.gov using the student’s and parent(s) 2015 federal taxes.  Students can go to http://www.augsburg.edu/studentfinancial/ and click on ‘Review Your Financial Aid’ to check the status of their financial aid, or to see what documents are missing or incomplete:

Registration for the summer/fall 2017 term is now open.  Students who have unpaid spring charges, or are not up-to-date on their payment plans, will be unable to register.   Students can go to http://www.augsburg.edu/studentfinancial/and click on “Review Your Student Account’ to see if they have an unpaid balance.

Tuition accounts must be paid-in-full for a diploma and/or transcript to be released; payments can be made online by going to http://www.augsburg.edu/studentfinancial/payments/. Please see the  Parent Information tab at  www.augsburg.edu/studentfinancial/ for instructions on making a payment  and obtaining access to discuss your student’s financial information, etc.  Please note that we will be unable to speak with any parent/guardian that has not been authorized by the student.

Graduating students who have borrowed federal loans must complete loan exit counseling at http://www.augsburg.edu/studentfinancial/loan-exit-counseling; this is an important tool to help students learn about their loan repayment options.

Alumni Teachers May Qualify for Help with Student Loans

Education_HeaderTeachers working in designated teacher shortage areas in Minnesota may now qualify for help with their student loan payments. The Minnesota Office of Higher Education (OHE) recently announced an assistance program for teachers with student loans.
The Minnesota Teacher Shortage Student Loan Repayment Program, created in 2015, is intended to encourage teachers to teach in Minnesota in designated shortage areas by providing assistance with their student loan repayments.
In general, applicants must currently:
  • Hold a teaching license issued by the licensing division in the Minnesota Department of Education on behalf of the Board of Teaching
  • Be employed by a school district to provide classroom instruction
  • Teach in a designated teacher shortage area; and
  • Have outstanding qualified educational loan debt.
Qualifying teachers who apply by June 30, 2016, may be eligible for repayment assistance of $1,000 per year, up to a total of $5,000. OHE estimates that 194 awards will be made for the 2015-2016 award year, with as many as 1,940 annual awards made through 2019.
The Teacher Shortage Student Loan Repayment Program application is online here.
Please share this information with interested friends or colleagues. For more information, contact Sandy Connolly at 651-259-3902 or by email at sandy.connolly@state.mn.us.

Loan Repayment Workshop Open to Alumni

Do you feel overwhelmed or uncertain about your federal loan repayment options? We are here to help! Attend a loan repayment workshop hosted by Student Financial Services at Augsburg.

Date: Wednesday, April 13

Time: 5:30–6 p.m., Loan information presentation
6–7 p.m., Counselors available for personalized help
Location: Sverdrup 204
Visit: augsburg.edu/studentfinancial/loans/loanrepayment to learn more about your options or to register for the event.
We will show you how to determine how much you owe, federal loan repayment options, loan forgiveness options, and consolidation. This event is open to both alumni and current students. Bring your FSA ID and an estimate of your 2015 earnings.