April 8, 2010

*FINANCIAL AID AWARD PACKET* Academic Year 2010-2011

Summer CAP Malcolm Julian Carvalho 93 Valentine Rd. Milton, MA 02186

Dear Malcolm, We are excited to provide you with an official financial aid award package for your 2010-2011year at Eastern Nazarene College. Based on the information that you have submitted we are pleased to inform you that your grants and scholarships for the year total $6,500.00! Thank you for doing your part by completing the necessary admission and financial aid paperwork. As you review the various informational components in this packet, please pay careful attention to all the information, making notes of your questions. As you consider Eastern Nazarene Colleges offer of financial assistance, please remember: We certainly understand that financing a college education involves careful decision making and often sacrifice. We endeavor to construct a financial aid package that will make Eastern Nazarene College affordable for you, including all the merit and need-based aid for which you qualify. Every major decision in life requires prayer, perspective, patience, and reflection. Remember what first drew you to Eastern Nazarene College and keep in mind how important it is to select the college that best fits all your needs and goals. The process can seem confusing at many colleges but ENC makes it easy by guiding you with the following information in this packet: o o o IMPORTANT DATES TO REMEMBER WHAT YOU STILL NEED TO DO AWARD LETTER GUIDE AND INSTRUCTIONS

We truly hope your final decision leads you to ENC. When you are ready to deposit, simply send your enrollment deposit by May 1 to Eastern Nazarene College at 23 East Elm Ave. Quincy, MA 02170, Attn: Admissions. Your Financial Aid Specialist Keri Lewis is ready to answer your questions and address your concerns. Please do not delay in contacting Keri at 617-774-6821 or keri.lewis@enc.edu. It will be our pleasure to explain any aspect of your financial aid award package. We know your college choice is a life-changing decision. We also know that students who choose Eastern Nazarene College benefit from an experience that not only positively impacts their college years, but also the rest of their lives - from the friends they make, to the career paths they follow, to the values that sustain them for decades. We look forward to welcoming you to our community of learners!

Dana Parker Director of Financial Aid financialaid@enc.edu

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April 8, 2010
* FINANCIAL AID AWARD PACKET* Academic Year 2010-2011

Summer CAP
IMPORTANT DATES TO REMEMBER
The following dates are based on you enrolling in the Summer Cap Program. If you are not attending the Summer Cap Program and need the important dates for the Fall start instead please contact Keri Lewis at 617-774-6821 or keri.lewis@enc.edu. To assist you in getting everything done in a timely matter we want to make you aware of the following deadlines for student accounts and financial aid for being able to attend the Summer Cap Program. May 1st Nationally recognized date to deposit. Depositing to ENC by May 1 helps students lock in scholarships, secure best choices for classes, increase housing selections, and guarantee invitations to summer events offered to deposited students. If you have not yet paid your deposit, you can simply send your enrollment deposit to Eastern Nazarene College at 23 East Elm Ave, Quincy, MA 02170, Attn: Admissions.

March 9th Earliest date that you can start applying for your PLUS loans, private loans and setting up a payment plan for the year. ENC provides a tool called Borrow Smart to work out your costs and payment arrangements! You can access this tool by going here: www.enc.edu/borrowsmart

May 28th Priority date for completing all the requested missing documents and actions on the next page. Complete all loan applications for the semester (example: Stafford, PLUS, Private loans). Borrow Smart is the best tool to work out your loan amounts and payment arrangements. www.enc.edu/borrowsmart

June 11th Deadline for completing entire process for student accounts and financial aid. This includes all loans being approved for disbursement. The balance on the student account should be zero. If the bill balance is not zero there has to be a clear actionable plan to cover any balance such that Student Accounts has approved the plan. Email: studentaccounts@enc.edu Phone: 617-745-3809 If everything is not complete by this date, a petition may be submitted to the office of Financial Aid for additional consideration. Petitions are available by contacting Andrea Roust at andrea.roust@enc.edu or 617-745-3712. Incomplete petitions will not be considered.

September 1st Priority deadline to waive ENC health insurance for the Fall. You can complete the waiver typically starting in mid July. Go to www.universityhealthplans.com/

23 East Elm Ave, Quincy, Massachusetts 02170-2999 * 617-745-3712 * 617-745-3992 fax * www.enc.edu/finaid

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April 8, 2010
* FINANCIAL AID AWARD PACKET* Academic Year 2010-2011

Summer CAP
WHAT YOU STILL NEED TO DO
This packet includes everything required to complete your paperwork for financial aid and student accounts. The Required Documents and Actions section below is a checklist of all the items we need. As you complete the items on the list they will be removed from future award letters so that you always know what you still need to do. For the most up-to-date list view your items on MyENC at www.my.enc.edu. To determine your costs and a plan to cover your balance, please go to www.enc.edu/borrowsmart. REQUIRED DOCUMENTS AND ACTIONS: Financial Acknowledgment and Authorization Document This document is required to be completed by all students. We will not disburse institutional aid onto the student account until we have the document returned completed in full including required signatures. Outside Scholarship Declaration Form This document is required if you would like us to show your outside scholarships as pending aid for covering the balance for the year. If you will not be receiving any outside scholarships please return this form signed with the scholarship sections blank. We will then remove this from the list of required documents. FAFSA FAFSA stands for Free Application for Federal Student Aid. This form should be completed by every student each year. There is a priority deadline of March 1st for it to be completed. You can complete the application by going to www.fafsa.ed.gov. Please include our school code 002145. ENC CAN NOT AWARD NEED BASED AID UNTIL WE HAVE RECIEVED THE FAFSA. Award Letter We have not yet received a signed award letter. If this is your first letter then you just need to sign and return this letter. Please return the attached award letter within 10 days. Stafford MPN The Stafford loans are Federal Title IV funds. Before these funds can be disbursed for the first time you have to complete a MPN (Master Promissory Note). This form is completed when you apply for the Stafford Funds online. Please use Borrow Smart to work out your costs and then select loans to cover your balance. All other lenders and MPN's will need to be completed by working with that specific lender. ENC will accept loans from any lender the student chooses. Loan Entrance Counseling Before we will disburse your loans we need to make sure you understand the terms, responsibility and other details about the loans you are taking. This is required by the Federal Government. For our lenders the counseling happens as part of the application process. For any other lenders please go to this website to complete the counseling: http://mappingyourfuture.org/OSLC/ Payment Contract - Student Account Clearance The account is cleared for enrollment once the following have been completed. 1. A completed Payment Contract is received with all required signatures. (Needs to be original signed document, fax or emailed copies will not be accepted.) 2. Student Accounts has determined that your balance for the semester has been paid with payments and pending payments. You can determine your costs and come up with a plan by using the tool Borrow Smart. www.enc.edu/borrowsmart. If you have any questions please contact the bursar. Bursar's phone: 617-745-3809. Email: studentaccounts@enc.edu.

If you have any questions about any of these documents or actions please feel free to contact the financial aid department. (No requirements? That means we currently do not show that you require any additional actions!)

23 East Elm Ave, Quincy, Massachusetts 02170-2999 * 617-745-3712 * 617-745-3992 fax * www.enc.edu/finaid

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April 8, 2010
* FINANCIAL AID AWARD PACKET* Academic Year 2010-2011

AWARD LETTER GUIDE

For many families this may be your first experience working with award letters and attempting to evaluate your financial package. School award letters can appear very different and make it difficult to compare. Below is a short Q/A of many of the questions families have with the award letters. How do I compare award packages at different schools to determine which is best for me? Do not simply look at scholarship amounts, only because school prices can be very different. One school may offer a higher scholarship amount on the award letter but their total cost might be higher as well. Therefore, the final cost to the family may still be greater, even if the scholarship package is greater. Always determine the cost of attendance for the year and subtract the scholarships on the award letter to determine the remaining amount to be covered by additional financial aid methods. Though cost can be a significant factor in this decision making process, also weigh your investment against the value of earning an education from Eastern Nazarene College. To assist you in determining your cost and ways to cover it please use the tool Borrow Smart. The tool Borrow Smart can be accessed by going here: www.enc.edu/borrowsmart What other types of aid can I get to help cover my bill? Go to www.enc.edu/financialaid to see all of the options available to cover your costs including scholarship information. Also Borrow Smart is a great tool to help guide you through paying the bill. www.enc.edu/borrowsmart Where is my PLUS loan or Federal Work Study that I see on other school award letters? This is called bundling and other schools frequently apply this practice of including a PLUS loan and Work Study to cover the total costs. In essence, this inflates their award package to make their package appear to covers all costs. There is no guarantee you will qualify for these aid options and therefore ENC does not include them in the award letter before the loans and Work Study have actually been approved. The PLUS loan is one of the best loans but has to be approved through a credit evaluation. The PLUS loan can cover all of the remaining costs not covered by your other aid. You can determine the optimal loan amount through Borrow Smart. Once you have been approved for the PLUS loan (or any other loan) we will add it to your award letter. Work Study is typically awarded to show eligibility for those funds. If you plan to work on campus and have financial need you also qualify for work-study at ENC! For each semester, most students budget $1000 for Work Study. Work Study funds go directly to your paycheck and will only be reflected on your bill if you set up payroll deduction. Payroll deduction allows for a percentage of earnings to be automatically deducted from your paycheck and transferred directly to you student account for paying your bill. You can include Work Study in your Borrow Smart payment calculations. www.enc.edu/borrowsmart

AWARD LETTER INSTRUCTIONS

The award letter must be completed, signed and returned to us before we can process your loans. To complete the award letter simply initial the line to the right of each award on the document labeled Award Letter. Initial the accept line to accept the award, initial the decline line to decline the award. Future award letters will document your decisions. If you would like to change your decision simply cross out the previous decision and write in the new action you would like for that award. If you would like less than the full award for any item simply cross out the amount and write in the lesser amount you want and accept the award. By signing the award letter, without initialing each award, we will automatically accept the award.

23 East Elm Ave, Quincy, Massachusetts 02170-2999 * 617-745-3712 * 617-745-3992 fax * www.enc.edu/finaid

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April 8, 2010
* FINANCIAL AID AWARD LETTER* Academic Year 2010-2011

PLEASE RETURN Malcolm Julian Carvalho Classification: Freshman Campus ID: 42999-182148762 Award Letter Version:
Congratulations on your award! Please go to Borrow Smart to determine your charges, plug in your awards and complete your plan for covering the balance for the school year. www.enc.edu/borrowsmart

Awards
Federal Aid: (EFC:) Institutional Aid:
Early Decision Scholarship* 1 Opportunity Grant* 2 Nease Grant

Fall

Spring

Full Year
6,500.00

Accept

Decline

(please initial line to select)

(The institutional aid award is comprised of these items. Different awards and sources may be applied later to satisfy the institutional aid total.)

250.00 750.00 2,250.00

250.00 750.00 2,250.00

500.00 1,500.00 4,500.00

_______ _______ _______

_______ _______ _______

Other Aid:

Total for All Awards:

*Award Action/Information/Conditions:

3,250.00

3,250.00

6,500.00

1: In order to maintain eligibility for this scholarship you need to have deposited by May 1st 2010. 2: Opportunity Grant requires a cumulative grade point average of 2.0 or higher to keep the grant.

--------------------------------------------------------------------------------------------------------------------------------------My signature affirms that I have read, understand, and agree to the conditions of the awards accepted. Student Signature Date (Please return to the financial aid department within 10 days of receiving this award letter.)

23 East Elm Ave, Quincy, Massachusetts 02170-2999 * 617-745-3712 * 617-745-3992 fax * www.enc.edu/finaid

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April 8, 2010
* FINANCIAL AID AWARD LETTER* Academic Year 2010-2011

Keep for your records Malcolm Julian Carvalho Classification: Freshman Campus ID: 42999-182148762 Award Letter Version:
Congratulations on your award! Please go to Borrow Smart to determine your charges, plug in your awards and complete your plan for covering the balance for the school year. www.enc.edu/borrowsmart

Awards
Federal Aid: (EFC:) Institutional Aid:
Early Decision Scholarship* 1 Opportunity Grant* 2 Nease Grant

Fall

Spring

Full Year
6,500.00

Accept

Decline

(please initial line to select)

(The institutional aid award is comprised of these items. Different awards and sources may be applied later to satisfy the institutional aid total.)

250.00 750.00 2,250.00

250.00 750.00 2,250.00

500.00 1,500.00 4,500.00

_______ _______ _______

_______ _______ _______

Other Aid:

Total for All Awards:

*Award Action/Information/Conditions:

3,250.00

3,250.00

6,500.00

1: In order to maintain eligibility for this scholarship you need to have deposited by May 1st 2010. 2: Opportunity Grant requires a cumulative grade point average of 2.0 or higher to keep the grant.

--------------------------------------------------------------------------------------------------------------------------------------My signature affirms that I have read, understand, and agree to the conditions of the awards accepted. Student Signature (Duplicate copy of award letter, please keep for your records) Date

23 East Elm Ave, Quincy, Massachusetts 02170-2999 * 617-745-3712 * 617-745-3992 fax * www.enc.edu/finaid

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April 8, 2010 * STUDENT ACCOUNT PAYMENT CONTRACT* Academic Year 2010-2011

PLEASE RETURN

Last Name: Carvalho First Name: Malcolm Campus ID#: 182148762

Please return this sheet by August 1st either by mail or in person. Faxes will not be accepted.

2 0 1 0 -2 0 1 1
S T U D EN T A C C O U N T P A YM E N T C O N T R A C T
Please complete, in ink, and correct any pre-filled data errors.

Name: Malcolm Julian Carvalho Home Address: 93 Valentine Rd. Milton, MA 02186 Home Tel: 617-696-4934 Email Address: malcolmjuliancarvalho@yahoo.com Local Address (if living off campus): City: State:

Campus ID#: 182148762

Cell Tel: 617-980-6404 Birth Date: 07/03/1992 Zip:

Parent/Guardian Information (*Include Mothers address information if different than Father.) Father: Home Address: City: Home Tel: Work Tel: Email Address: State: Zip: Mother: *Home Address: *City: *Home Tel: Work Tel: Email Address: *State: *Zip:

The Eastern Nazarene College (ENC) Payment Contract serves as both the application and the promissory note for all tuition and fee payments due ENC and is valid until all charges due are paid in full. These charges are the obligation of the student and parent/guardian. Remaining balances after all financial arrangements are applied are due and payable at registration and will accrue interest at an annual rate of 15%. It is further understood that the undersigned will be responsible for all attorneys fees and other costs and charges necessary for collection of any amount not paid when due, as credit has been extended by ENC for financing the undersigned students education and is considered an education loan. ENC requires that all students who enroll in classes complete, sign and return the Payment Contract and Worksheet. Failure to complete and turn in the Payment Contract may result in the student being withdrawn from classes.

Signatures are required. Payment Contracts without both signatures will delay registration clearance.

_________________________________________________ Date _______________________ Parent/Guardian _________________________________________________ Date _______________________ Student

23 East Elm Ave, Quincy, Massachusetts 02170-2999 * 617-745-3712 * 617-745-3992 fax * www.enc.edu/finaid

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April 8, 2010
* FINANCIAL ACKNOWLEDGMENT AND AUTHORIZATION*

Academic Year 2010-2011

PLEASE RETURN

Last Name: Carvalho First Name: Malcolm Campus ID#: 182148762

Financial Acknowledgment
By signing this document you acknowledge that you have read the following financial items. If you are not full time (12 or more credits) for a particular semester you may not qualify for institutional aid or your full Federal aid. Less than part time (less than 6 credits) for a particular semester can affect your ability to defer your loans. You must maintain satisfactory academic progress (SAP) in order to maintain most forms of financial aid. Details of the SAP policy are available online and through the Undergraduate Catalog. If you withdraw from ENC, your awards could be reduced or canceled depending on when your withdrawal occurs during the academic semester. The Undergraduate Catalog contains the full withdrawal policy. Any unpaid charges as a result of the withdrawal will be your responsibility. Under Title IV (Federal) programs, we cannot disburse funds if you owe a return of funds on a canceled grant or loan, are in default on a grant or loan, or have borrowed in excess of loan limits at any institution. You must use your Title IV (Federal) money for expenses related to your study at ENC.

Signature (student) __________________________________ Date ______________________

Authorization for Disbursement of Title IV Funding

These authorizations are required by the Federal Title IV funding regulations.

STUDENT
I authorize Eastern Nazarene College to retain Federal Financial Aid funds to cover the cost of tuition, fees, and other costs associated with my attendance at Eastern Nazarene College. YES NO If I should have a credit balance on my student account, I authorize the Office of Student Accounts to hold that credit until I request a refund. YES
Student Signature: Date:

PARENT
I authorize Eastern Nazarene College to retain my Federal PLUS loan to cover the cost of tuition, fees, and other costs associated with my attendance at Eastern Nazarene College. YES NO If a PLUS loan should cause my child to have a credit balance on the student account, I authorize the Office of Student Accounts to hold that credit until I request a refund. YES
Parent Signature: Date:

NO

NO

23 East Elm Ave, Quincy, Massachusetts 02170-2999 * 617-745-3712 * 617-745-3992 fax * www.enc.edu/finaid

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April 8, 2010
*OUTSTIDE SCHOLARSHIPS DECLARATION FORM*

Academic Year 2010-2011

PLEASE RETURN

Last Name: Carvalho First Name: Malcolm Campus ID#: 182148762

Eastern Nazarene College financial aid policies require that a student notify Eastern Nazarene of any scholarships that they will receive from groups or organizations that are external to Eastern Nazarene. Submitting this form will not change the amount of your merit scholarship unless the total amount of scholarships exceeds the cost of attendance at Eastern Nazarene. However, it may affect the amount of your loan eligibility. Upon receipt of this form, we will review your eligibility and return a revised award letter to you.
Amount you will receive for the 2010-11 year
The Scholarship funds will be sent directly to: (Please check one) Student School

Outside Scholarship Declaration Form

Name of donor/organization

If you have any outside scholarship applications that are pending, please indicate these below:
Name of donor/organization Amount you may receive for the 2010-11 year Expected Notification Date

By signing you acknowledge that the balance is still your responsibility if the funds do not come in. ________________________________________________ Student Signature ____________________ Date

Please sign and return this form by August 1st to: Office of Financial Aid financialaid@enc.edu

23 East Elm Ave, Quincy, Massachusetts 02170-2999 * 617-745-3712 * 617-745-3992 fax * www.enc.edu/finaid

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