Tuesday, December 30, 2008

Financial Aid

This process has been chock full of interesting bumps. Fortunately, Joyce and the TC&R Posse have been great about getting information or answers back to me super-flash-quick.

Regardless of what the Financial Aid office may say or have posted, 3 PhD credits is full-time attendance. This according to Joyce after multiple queries. Why did I confirm several times? Almost every other piece of information coming from the financial aid office indicates you must have 6 credits. Thus, in money matters, I like to confirm things. I have (hopefully not to the point of being annoying), and it is very clear that there's some confusion in the FA machine. Thus, if you are a newbie in the TC&R program and taking one three credit course, you should get full-time aid.

There is a cap on the total financial aid you will receive for the year. This means that if you take the max in Fall and Spring there will be nothing left for Summer. Apparently, there is some aid available for Summer. It can be taken out of the lump total for the year if you've not maxed your F/S aid, or you can go through another application process for additional funds at higher interest rates. (Please correct me if I am wrong.) The MO for success, as I have understood from several folks, is to save all your extra Fall/Spring Financial Aid coin and apply it to the May and Summer expenses.

Summing it up, this wisdom from Lennie:
Joyce will keep you up to date on when and how to register for May. And just a heads-up for those new to the program. The May Seminar tuition and summer tuition pretty much come due at the same time (or at least within a single month). That means you need to have a larger lump of cash ready to plunk down than you might be used to for a Fall or Spring semester, and to my knowledge there isn't a payment plan option (though I sure wish there were).

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