Undergraduate Financial Planning

Undergraduate Financial Planning

undergraduate financial planning

A college education is one of the most important investments you’ll make in your life. At Converse, we are committed to helping you afford a personalized, private college education. Your starting cost begins with reduced tuition that compares favorably with both private and premier public universities. You’ll save money by graduating in 4 years or less (over 90% of our graduates do – compare that to much lower rates at public and some private schools). On top of that, federal and state need-based aid, as well as merit-based and talent-based scholarships, drive your bottom-line cost even lower.

Financial Aid is support you may qualify for to help you as you pursue your Converse degree. Aid can come in the form of scholarships, grants, loans, or even student employment. The starting point for all financial aid is to apply to Converse and complete the Free Application for Federal Student Aid also called the FAFSA.

What is the FAFSA?
The FAFSA is an application developed by the federal government so that students can apply for aid at many institutions at the same time. It is free to complete, and it provides information to Converse that allows you to also qualify for other aid from the college and possibly South Carolina.

What are Scholarships, Grants, and Loans?
You may qualify for scholarships and grants from Converse, the federal government, or South Carolina through your academics, talent, or financial need. Scholarships and grants never need to be paid back, although some require you to maintain a certain GPA or credit hour limit.

While you should explore all opportunities for other aid first, loans are a common way to invest in your education and your future. Loans will need to be paid back, but many do not require you to start paying the loan until after graduation or dropping below full-time status. We can talk to you about responsible use of loans and how they can support the incredible value of a Converse experience.

More Information
More information about specific aid options and costs of attendance are available through the section below titled “Cost of Attendance and Aid.” You can also contact our office, and we’ll help discuss all of your aid options.

Please follow these five steps to apply for financial aid:

1. File Your IRS Tax Return

You or your parents will need to complete and file your tax return before completing the FAFSA. The sooner after January 1st you can complete your tax returns the quicker you can begin the financial aid process.

2. Apply for an FSA ID

You and your parent should create an FSA ID prior to starting FAFSA on the web so that you can sign the application electronically and transfer tax information from the IRS. Learn how to create an FSA ID.

3. Complete Your FAFSA

Approximately two weeks after filing your tax returns, you can complete the Free Application for Federal Student Aid (FAFSA) online using Converse school code 003431. Simplify the process by using the IRS Data Retrieval option when your tax return data is requested – this saves you time and expedites the application process. The FAFSA must be completed once per year between January and May for the following school year.

4. Complete Your Application and Filing between March 1st and May 1st

Award letters will begin going out to admitted students in mid-March. We encourage you to complete your application for admissions and the financial aid process prior to March 1 for early letters but no later than May 1 for full consideration of all awards.

5. Send Your Final Transcripts and Other Documents

You will need to submit your final, official transcripts to the Office of Admissions once they are available. Additionally, some students may need to submit other information for verification purposes. Make sure to send your transcripts and other requested information promptly!

5. Keep Up with Student Communication

The majority of communications from the Office of Financial Planning will be sent to your Converse email account. You must review your email and announcements regularly to ensure you have the latest information about your financial aid status.

September 1st

Complete your application for admission to Converse for the earliest response about your admission status.  Application deadline is November 1, 2016.

October 1st

File the Free Application for Federal Student Aid (FAFSA) for the earliest response about your financial aid package.

November 1st

Make sure you have provided any additional documentation that has been requested by the Financial Planning Office (i.e. – worksheets, tax transcripts, other required information).

Converse Application Deadline – If you complete your application by November 1st you may be invited to attend a Converse Scholars Day where you could receive additional scholarships.

December 15 – 23

Award letters and/or emails will begin to be sent to students who have been admitted and completed the FAFSA.  Please note: You must have been admitted to Converse to receive a financial aid offer.

January 1st

As some aid programs have limited funds, you must file the FAFSA by this priority date for maximum aid consideration.

May 1st – National Reply Date, Enrollment Deposits Due

After you’ve been admitted, you’ll need to send your enrollment deposit prior to May 1st to reserve your place at Converse.

June 30th

Submit your final high school and/or college transcripts. Many forms of financial aid require these documents to complete your award.

Learn more about the costs of attendance and wide variety of Converse, state, and federal aid available to make your education affordable.

If you’re coming to Converse from high school or transferring from another college, you can use the Net Cost Calculator to get an estimate of your aid and costs.

Student bills are made available to you by logging in to your My Converse Portal, and notification of your bill will be sent to your Converse email address.

You can also setup a payment plan to spread your bill over a ten month period by using Tuition Management Systems.

For more information and with questions, please contact the Office of Student Billing.

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