College Preparation Handbook Scholarships & Financial Aid

Size: px
Start display at page:

Download "College Preparation Handbook Scholarships & Financial Aid"

Transcription

1 College Preparation Handbook Scholarships & Financial Aid 1

2 Table of Contents Section Page # Quick Reference 3 Introduction 4 Gateway 6 ASVAB 7 PLAN 8 PSAT / NMSQT 9 SAT 10 ACT 12 AP 13 IB 17 Testing Schedule 18 Websites 20 Books 23 2

3 Quick Reference Germantown High School Address Old Poplar Pike Germantown TN Phone : (901) Fax : (901) Principal : Mike McIntyre School Code : Contacts Germantown High School Principal Mike McIntyre Germantown High School IB Coordinator Melinda Keller Germantown High School IB Counselor Sheila Merritt Germantown High School IB Liaison Yvonne Terrell GHS IB-POD Parent Support Group President : Samira Jubran 3

4 Scholarships and Financial Aid Start A College / Scholarship Profile Now is a good time to start an online profile. One of the better-known websites for this is which allows you to enter information about yourself and then receive when a scholarship becomes available that might suit you. You can also visit the website (as well as hundreds of others) to check for scholarships and contests that are ongoing and/or available to underclassmen. Financial Aid Overview: With the total cost of many private colleges now exceeding $30-$35,000 per year, financial aid is a topic on the minds of an increasing number of people. Perhaps the most important thing to keep in mind regarding financial aid is this: You will not know if you qualify for assistance, nor will you receive any aid, if you do not apply. It is not uncommon for more than half of the students at some very well known schools to be receiving some type of financial assistance. Average College Costs Four-year private school tuition $ (up 5.9% from last year) Four-year public school tuition $5,836 (up 6.3% from last year) But Did You Know That About 65% of students enrolled at four-year colleges or universities attend institutions that charge tuition and fees of less than $9,000 per year. 56% of full-time students enrolled in public four-year colleges and universities attend institutions that charge published in-state tuition and fees between $3,000 and $6,000. While private four-year institutions have a much wider range of tuition and fee charges, only about 5% of all students attend colleges with tuition and fees totaling $33,000 or higher per year. Two year public school tuition $2,272 (up 4.1% from last year) Students will pay, on average, from $337 to $386 more than last year for this year s room and board, depending on the type of college. The average surcharge for out-of-state 41% of all students attend two-year colleges. The average full-time student enrolled in a public two-year college received about $4,400 in grants and tax benefits, which reduces the average tuition and fees paid from the published price of $2,272 to a net price of under $100. A record $134 billion in financial aid is available to students and their families. About 62% of all full-time college students receive grant aid. In , aid in the form of grants and tax benefits averaged about $2,200 per student at two-year 4

5 or out-of-district students at public institutions is $4,208 at two-year colleges and $9.947 at four-year colleges. public colleges, over $3,100 at public four-year colleges, and about $9,000 per student at private four-year colleges. For further information, go to There are basically two different types of financial assistance offered by colleges and universities: Need-based and Merit-based. Need-Based Assistance Every school will require that you submit the Free Application for Federal Student Aid (FAFSA) in order to be considered for aid. The FAFSA is available in the Guidance Office at the end of November but cannot be submitted until after January 1. Many schools will also ask you to complete the Financial Aid Profile, also known as the CSS Profile, a second form available in the early fall and with which you must send a processing fee. Most schools do not require this form. Both forms are submitted to processors who then calculate your expected family contribution and forward that information to you and to any schools to which you have asked the information be sent. The FAFSA calculations are based on a federally legislated methodology. The Financial Aid Profile calculations take additional discretionary information into account, as requested by the various schools to which you are applying. Both the FAFSA and the CSS Profile may be completed online. As of this point in time, you cannot print the online FAFSA form, but can complete as much as you can, then return to it as you gather information. The websites are: FAFSA : CSS Profile: WARNING: There are multitudes of other websites that offer help filling out the FAFSA. They charge a fee, and should be avoided like the plague. The true FAFSA website is free. Some colleges ask that applicants for financial aid submit the school s own financial aid form directly to the school, in addition to the FAFSA, and sometimes the Financial Aid Profile as well. If this is the case for a school to which you are applying, be attentive to deadlines and provide complete information. There are basically four possible combinations of forms required for financial assistance: Some colleges will want only the FAFSA. Some will want the FAFSA, Financial Aid Profile, and an institutional form. Others will want the FAFSA and an institutional form. Still others will want the FAFSA and Financial Aid Profile When applying for any type of financial aid, it is important to be accurate and prompt in filing all of your forms. The Financial Aid Office at each institution will take the information provided by the form processor and put together a financial aid package which might be some combination of grant, scholarship, loan, and/or work-study. Unfortunately, an increasing number of colleges are not able to meet 100% of the demonstrated need of their applicants. That means there might be a gap between what you can afford and what the college can provide to assist you. Grants and scholarships are monies given to you by the college that do not have to be repaid. The Pell Grant is the largest of the federal grant programs, and awards up to $4,000. Determination is made on the basis of information provided by review of your FAFSA. The Supplemental Educational 5

6 Opportunity Grant (SEOG) is another federal program (administered by the colleges) for students with exceptional need. Awards range from $100 to $4,000 in excess of the Pell amount. Loans: Loans must be repaid and have different terms. If loans are need-based, interest may be deferred. Information on Federal Student Aid may be obtained from Federal Student Aid Information Center at FED AID. The Stafford Student Loan is a federal program (administered by private lenders) based on need. Starting July 1, 2007, freshmen may borrow up to $3,500. Amounts are increased for upperclassmen. The loan is interest free while the student is in college and until repayment begins. The federal government pays interest while you are still in school and for six months afterwards. Stafford Loans have loan fees of 4%, which are deducted from the disbursement check. These fees consist of a 3% origination fee and a 1% guarantee fee. Starting July 1, 2006, the guarantee fee will be mandatory. Previously, guarantee agencies could waive the fee and many did. The origination fee will drop from 3% to 2% on July 1, 2006, and will drop by a further 0.5% each successive July 1, until it is phased out entirely on July 1, Repayment begins 6 months after graduation and the standard term is ten years. The Perkins Loan is for undergraduate and graduate students with exceptional financial need. This is a campus-based loan program, with the school acting as the lender using a limited pool of funds provided by the federal government. The Perkins Loan is the best student loan available. It is a subsidized loan, with the interest being paid by the federal government during the in-school and 9- monthgrace periods. There are no origination or guarantee fees, and the interest rate is 5%. There is a 10-year repayment period. The amount of Perkins Loan you receive is determined by your school s financial aid office. The program limits are $4,000 per year for undergraduate students and $6,000 per year for graduate students, with cumulative limits of $20,000 for undergraduate loans and $40,000 for undergraduate and graduate loans combined. Unsubsidized Stafford Loans are designed for students who do not demonstrate need. The terms are the same as for the Stafford Loan described above, except that interest must be paid while the student is in college. Repayment of principle begins upon graduation. PLUS Loans (Parent Loans to Undergraduate Students) let parents borrow money to cover any costs not covered by the student s financial aid package, up to the full cost of attendance. There is no cumulative limit. Starting on July 1, 2006, graduate and professional students will also be able to borrow money through the PLUS Loan programs to pay for their own education. PLUS Loans have a fixed interest rate of 8.5% for loans with a first disbursement after July 1, Previously, PLUS Loans had variable interest rates capped at 9%. The interest is not subsidized while the student is in school. The PLUS Loan charges loan fees of 4%, deducted from each disbursement check. Repayment begins 60 days after the funds are fully disbursed, and the repayment term is up to 10 years. There is no grace period as there is with the Stafford Loan program. College Work-Study is employment which you must take while in school. The expectation is that the salary you earn will be applied toward your expenses. The colleges administer the program, and the financial aid or work study office will help you find a job which qualifies. Most work study jobs are part-time and clerical in nature. Merit-Based Aid and Scholarships The Resources Guide has a list of websites and publications which will help you find applicable scholarships. A growing number of colleges and universities are making available scholarship money, which is awarded not on the basis of need, but for some outstanding quality or accomplishment demonstrated 6

7 by the student. The only way to learn of these awards is to seek them out; check the literature you receive from the schools to which you are applying and do a search on the web. Many privately-funded scholarships are also awarded each year, from businesses, associations, civic groups, corporations, and others. The Guidance office makes available any information that they have on scholarship opportunities. The Resources Guide has a list of websites and publications on Financial Aid. There are a variety of categories of merit-based scholarships: Category of Merit-Based Scholarships Examples Academic Performance Regent s, Trustee, President s Scholarships (usually considered with your application or a separate scholarship application for the school) College Major Engineering, Journalism, Business, Talent Scholarships Art, Athletics, Debate, Music, Theatre R.O.T.C. Scholarships Army, Navy, Air Force, Foundations Boettcher Church / Religious Groups Service Organizations Elks, Lions, Rotary Employer Groups IBM, Hewlett-Packard, Target, Ethnic Scholarships Asian, African-American, Hispanic, Native- American For most merit-based scholarships you must complete a separate application. Complete an application form for every scholarship for which you are eligible; of course, the national scholarships are more competitive. Check out the websites, read the college application materials & viewbooks carefully, contact individual departments within the colleges, and check the Guidance Office bulletin board. Psst! Tips: You do not have to have a perfect GPA to apply for scholarships. There are many scholarships that emphasize leadership, community service, talent, and/or athletics. Of course, a high GPA helps! Keep a list of scholarship deadlines, so that you do not miss opportunities. Request transcripts just as you do for college applications. Beware of scholarship scams. You should not have to pay for scholarships; most databases contain the same scholarships, and if you are willing to spend the time, you can research yourself. Many scholarships will be awarded in April or May, so be patient, and keep applying! GHS likes to brag on their graduates at the graduation ceremonies. Please notify the Guidance Office of any of your o Letters of acceptance to a college; and o Offers of scholarships. Financial Aid Tips Start getting your tax information together as SOON AS POSSIBLE! Financial Aid Deadlines can be as early as Feb. 1 st. However, a lot of them are available as early as November 1 st. Check with the college! 7

8 Register for your PIN early. This is the best way to sign your FAFSA form. Both a parent and the student will need to have one. You can apply for the pin by going to: or Don t wait to register for these pins. Do it now! If you re filling out your form close to the deadline and you don t have it, you many not get it in time. PINs are issued by the US Department of Education. If your parent is a student, he or she may already have one. Some schools require a CSS Profile Financial Aid Form. This form requires even more financial information than the FAFSA. This form can also be completed online at If you have taken an SAT test, you may already be registered online. If your school requires you to complete the CSS Profile, there will also be a list of other documents and instructions that your college may require. Read them carefully. Save your PIN numbers and Passwords in a safe place. You may not get back to the website(s) for many months. Complete Worksheet A Close Look at the Bottom Line for each college that you have selected for application. It can be found at the end of this guide, and also in the Worksheets & Forms Guide. The Resources Guide has a list of websites and publications on Financial Aid. Go to your college website and follow the links for Financial Aid. Print out the pages with requirements and deadlines. Put it in the folder for your college, and mark the deadlines for forms you must submit Forms you will have or may have to complete: FAFSA : Free Application for Federal Student Aid Apply online at or pick up the form from the Guidance Office. PIN: Both you and your student will need to apply for a PIN (Personal ID Number) if you plan on completing the FAFSA form online: Go to You can do this at any time so don t wait until the last minute! CSS : College Board Financial Aid Profile (Check with your college). Apply online at Business & Farm Supplement : Check with your college Non-Custodial Parent Statement : Check with your college Steps for Completing Financial Aid Forms: 1. Do an estimate of the Family Contribution. 2. Check with colleges Financial Aid Offices about meeting need. 3. Complete Income Tax in early February, if possible. 4. Obtain FAFSA form in the Counseling Office in December or January. 5. Check with college about other forms (Profile or the college s own form). 6. March or April receive estimate of aid before confirming college acceptance. 7. Check out loans as a last resort. Records you will need: Student s driver s license Student s Social Security number Student s IRS tax form for January of their Junior year to December of their Senior year. Parent s IRS tax form for the same time period. Parents (and students, if applicable) W2s Any records of money earned Records of untaxed income (i.e. Welfare, Social Security, Veteran s benefits, child support, etc) Current bank statements 8

9 Current mortgage and other liability information Business and farm records Records of stocks, bonds and other investments Promissory notes or loan disclosure statements List of any other assets KEEP COPIES of everything you send and responses you receive. 9

10 Worksheet A Close Look at the Bottom Line Adapted from US News College Planner School Names Financial Need Cost of Attendance (COA) 1. Tuition and fees 2. Room and board 3. Books and supplies 4. Travel 5. Other 6. TOTAL COA (add lines 1-5) Your family s expected contribution 7. Expected family contribution (EFC) 8. TOTAL NEED (subtract line 7 from 6) Financial Assistance Gift Aid 9. College grants, scholarships, and other awards 10. Non-college grants, scholarships, and other awards* 11. TOTAL GIFT AID (add 9 and 10) Self-Help Aid 12. Work study 13. Student Loans (eg Stafford, Perkins) 14. TOTAL SELF HELP AID (add 12 & 13) 15. TOTAL ASSISTANCE (add 11 & 14) Your Family s Cost 16. Unmet need (subtract line 15 from 8) 17. EFC (from line 7) YOUR FAMILY S OUT OF POCKET COST (add lines 16 & 17) YOUR FUTURE STUDENT LOAN DEBT (from line 13) * Include private, state, and other outside awards. Check with each college to find out whether these reduce your aid. 10

Cost of Attendance (COA) EFC = Demonstrated Financial Need. APPLYING FOR FINANCIAL ASSISTANCE

Cost of Attendance (COA) EFC = Demonstrated Financial Need. APPLYING FOR FINANCIAL ASSISTANCE APPLYING FOR FINANCIAL ASSISTANCE The Office of Financial Aid is dedicated to responding to the needs of our students. We are committed to assisting our students achieve their educational goals by providing

More information

Financial Aid Tips Applying for and Receiving College Assistance

Financial Aid Tips Applying for and Receiving College Assistance Financial Aid Tips Applying for and Receiving College Assistance What is Financial Aid? Financial aid is money intended to help students pay for their educational expenses. Typically, aid packages contain

More information

How to Use this Guide

How to Use this Guide How to Use this Guide Thank you for downloading MEFA s Guide to College Financing. This Guide has been created to help you understand and navigate the entire college financing process. Topics include basic

More information

Financial Aid at Sarah Lawrence

Financial Aid at Sarah Lawrence Financial Aid at Sarah Lawrence From the Director of Financial Aid Dear Students and Parents: Perhaps the best advice any college can give to a prospective student is: Make your educational choice first,

More information

YOUR GUIDE TO FINDING THE FUNDS FOR COLLEGE

YOUR GUIDE TO FINDING THE FUNDS FOR COLLEGE YOUR GUIDE TO FINDING THE FUNDS FOR COLLEGE Funded by the Education Services Foundation, our mission is to help Mississippi students plan and pay for college. Jackson: 601.321.5533 Gulf Coast: 228.875.4441

More information

Paying for College. Financing Your College Education

Paying for College. Financing Your College Education Objectives In this lesson you will: learn how you can pay for college learn about the different types of financial aid learn about scholarships and how to apply for them learn what steps you can take to

More information

Financing. your education. How can we help make it a little easier? You are about to make the most important investment of your life. fsuforme.

Financing. your education. How can we help make it a little easier? You are about to make the most important investment of your life. fsuforme. Financing your education You are about to make the most important investment of your life. How can we help make it a little easier? fsuforme.com/aid You are about to make the most important investment

More information

Accepted Student Reception Financial Aid Presentation. March 29, 2015

Accepted Student Reception Financial Aid Presentation. March 29, 2015 Accepted Student Reception Financial Aid Presentation March 29, 2015 Understanding Your Financial Aid Award Letter Screen shot of award letter here Screen shot of award letter here Estimated costs and

More information

Your comprehensive AMDA Financial Aid planning guide.

Your comprehensive AMDA Financial Aid planning guide. Your comprehensive AMDA Financial Aid planning guide. We know the financial aid process can sometimes be confusing, so we ve tried to make the process easier with this comprehensive guide. Simply follow

More information

How do you receive financial aid?

How do you receive financial aid? What types of financial aid are available and in what order are they awarded? 1. Scholarships and Fee Waivers 2. Grants 3. Work-Study 4. Student Loans: Subsidized, Unsubsidized, Perkins, Parent PLUS How

More information

Racer Aid. Murray State University Financial Aid Guide for Families

Racer Aid. Murray State University Financial Aid Guide for Families Racer Aid Murray State University Financial Aid Guide for Families Work-study provides students the opportunity to work while going to school. Numerous offices on campus offer employment opportunities.

More information

Presented by: Hayato Suzuki Director of Financial Aid

Presented by: Hayato Suzuki Director of Financial Aid Presented by: Hayato Suzuki Director of Financial Aid Types and sources of aid When and how to apply Completing the FAFSA How to recognize and avoid scams Other college financing options Determine financial

More information

Your Financial Aid Journey. Investing in Your Future 5 Steps to Prepare for College College Financing Options Financial Aid Terms

Your Financial Aid Journey. Investing in Your Future 5 Steps to Prepare for College College Financing Options Financial Aid Terms Your Financial Aid Journey Investing in Your Future 5 Steps to Prepare for College College Financing Options Financial Aid Terms Investing in your future Higher earnings College graduates earn more money

More information

College Financial Aid 101

College Financial Aid 101 College Financial Aid 101 The information contained in this presentation is subject to change and does not constitute legal advice. Always consult a financial planner or a tax advisor for detailed information.

More information

Your guide to finding the funds for college

Your guide to finding the funds for college Your guide to finding the funds for college Get2College counselors can provide you with personalized advice on how to do everything outlined in this booklet. Just call one of our Centers listed on the

More information

FINANCIAL AID for Junior Parents: The Basics. April 22, 2015

FINANCIAL AID for Junior Parents: The Basics. April 22, 2015 FINANCIAL AID for Junior Parents: The Basics April 22, 2015 What is Financial Aid? Cost of Attendance (COA) - Expected Family Contribution (EFC) Student s Financial Need (eligibility) Financial Aid --

More information

NEW JERSEY CITY UNIVERSITY. Guide to Financial Aid

NEW JERSEY CITY UNIVERSITY. Guide to Financial Aid NEW JERSEY CITY UNIVERSITY Guide to Financial Aid Fastfact: NJCU graduates include a fashion magazine art director, a NJ Assembly person, a police captain, a news anchor and a corporate vice president!

More information

College Goal Sunday sm

College Goal Sunday sm College Goal Sunday sm Agenda College Goal Sunday Introduction Overview of the Financial Aid Process Types of Financial Aid Timeframes and Guidelines What is College Goal Sunday? Free assistance for parents

More information

Office of Student Financial Aid Montgomery College

Office of Student Financial Aid Montgomery College Office of Student Financial Aid Montgomery College What is Financial Aid? Cost of Attendance Expected Family Contribution Determining Financial Need Types and Sources of Financial Aid Financial Aid Process

More information

Financial Aid. Application Procedure. Financial Aid

Financial Aid. Application Procedure. Financial Aid 21 Financial Aid Seattle University is pleased to offer a variety of strategies and resources aimed at helping eligible students meet the costs of education. Approximately 70 percent of undergraduate students

More information

A Guide to Financial Aid 2016-17. The bottom line and how to pay for it.

A Guide to Financial Aid 2016-17. The bottom line and how to pay for it. A Guide to Financial Aid 2016-17 The bottom line and how to pay for it. The Financial Aid Basics We re glad you are interested in attending Anderson University. Perhaps you have already received your acceptance

More information

Understanding Your 2015 16 Luther Financial Aid Award

Understanding Your 2015 16 Luther Financial Aid Award Understanding Your 2015 16 Luther Financial Aid Award Jan Cordell Director of Financial Aid Aaron Steffens Associate Director of Financial Aid Kathy Kerber Financial Aid Counselor Carolyn Schwendeman Financial

More information

Introduction to Financial Aid: An Overview for High School Students and Parents. presented by: Hayato Suzuki Director of Financial Aid

Introduction to Financial Aid: An Overview for High School Students and Parents. presented by: Hayato Suzuki Director of Financial Aid Introduction to Financial Aid: An Overview for High School Students and Parents presented by: Hayato Suzuki Director of Financial Aid Tonight s Topics Types and sources of aid How financial need is determined

More information

WINNING AT THE COLLEGE FINANCIAL AID GAME

WINNING AT THE COLLEGE FINANCIAL AID GAME Helping Yourself. Helping Your Parents. Helping Your Children. By the numbers WINNING AT THE COLLEGE FINANCIAL AID GAME With college expenses having risen significantly, financial aid can be a critical

More information

HELPFUL FINANCIAL AID HINTS...

HELPFUL FINANCIAL AID HINTS... TABLE OF CONTENTS HELPFUL FINANCIAL AID HINTS.........................................................................................1 PAYING FOR COLLEGE.................................................................................................2

More information

FINANCIAL AID 101. Claire Alasio Associate Vice President for Enrollment Management Director of Financial Aid Monmouth University

FINANCIAL AID 101. Claire Alasio Associate Vice President for Enrollment Management Director of Financial Aid Monmouth University FINANCIAL AID 101 Claire Alasio Associate Vice President for Enrollment Management Director of Financial Aid Monmouth University Role of the Financial Aid Office Evaluate a family s ability to pay for

More information

FINANCIAL AID UNDERSTANDING YOUR OPTIONS

FINANCIAL AID UNDERSTANDING YOUR OPTIONS FINANCIAL AID UNDERSTANDING YOUR OPTIONS Affording a Best-Value Jesuit Education Every accepted student who attends Wheeling Jesuit University is considered for financial assistance. Wheeling Jesuit is

More information

Financial Aid Overview 2013-14

Financial Aid Overview 2013-14 Financial Aid Overview 2013-14 Goals By the end of this workshop, you will be able to: Define Financial Aid Understand the Financial Aid Process Understand Types of Financial Aid Federal State Institutional/Local

More information

Financial Aid Award Notification Guide 2014-2015

Financial Aid Award Notification Guide 2014-2015 Financial Aid Award Notification Guide 2014-2015 A college education is one of the best investments anyone can make, and finding a way to afford it is an important concern for nearly every student. At

More information

Mike Johnson, Director of Financial Aid Pacific University

Mike Johnson, Director of Financial Aid Pacific University Mike Johnson, Director of Financial Aid Pacific University Community Colleges $ 4,200 tuition, $16,000 total Public Colleges and Universities $ 8,300 tuition, $22,800 total Private Colleges and Universities

More information

FINANCIAL AID VOCABULARY

FINANCIAL AID VOCABULARY Award Letter Notification of the terms and requirements of the financial aid package offered by a college. College Scholarship Service (CSS) Profile A financial aid application, in addition to the FAFSA,

More information

Financial Aid High School Presentation New Jersey Higher Education Student Assistance Authority

Financial Aid High School Presentation New Jersey Higher Education Student Assistance Authority Financial Aid High School Presentation New Jersey Higher Education Student Assistance Authority 2013/2014 Award Year The Mission The Higher Education Student Assistance Authority is the only State agency

More information

What You Need to Know About Financial Aid. Office of Financial Aid

What You Need to Know About Financial Aid. Office of Financial Aid What You Need to Know About Financial Aid Office of Financial Aid 1 Tonight s Topics What is Financial Aid Cost of Attendance (COA) Expected Family Contribution (EFC) Financial Need Types & Sources of

More information

Financial Aid Group. Financial Aid Group. Scholarships, FAFSA, and Everything Else

Financial Aid Group. Financial Aid Group. Scholarships, FAFSA, and Everything Else Financial Aid Group Financial Aid Group Scholarships, FAFSA, and Everything Else Show me the money (bling) Average Earnings by Education Lev $90,000 $80,000 $70,000 $60,000 $50,000 $40,000 $30,000 *Source:

More information

Financial Aid Glossary

Financial Aid Glossary Financial Aid Glossary NASFAA Financial Aid Glossary edited by MN Office of Higher Education Accruing Interest (on a loan): The cost of the loan, represented by the interest which is added to the loan

More information

SUNY Financial Aid Day. University at Buffalo February 22, 2014

SUNY Financial Aid Day. University at Buffalo February 22, 2014 SUNY Financial Aid Day University at Buffalo February 22, 2014 Agenda SESSION 1: Presentation and Q&A 9:00 9:45 am Complete your on-line FAFSA and TAP applications 9:45 10:45 SESSION 2: Presentation and

More information

Family Contribution. College Scholarship. External Scholarships. Private Loans. Federal/State Aid and Loans

Family Contribution. College Scholarship. External Scholarships. Private Loans. Federal/State Aid and Loans 2015-2016 Family Contribution College Scholarship External Scholarships Private Loans Federal/State Aid and Loans Direct Cost Tuition, on-campus room and board, and any special fees Indirect Cost Books

More information

Common Data Set 2015-2016

Common Data Set 2015-2016 H. FINANCIAL AID Aid Awarded to Enrolled Undergraduates Enter total dollar amounts awarded to enrolled full-time and less than full-time degree-seeking undergraduates (using the same cohort reported in

More information

Common Data Set 2015-2016

Common Data Set 2015-2016 H. FINANCIAL AID Data will be available in April 2016. Aid Awarded to Enrolled Undergraduates Enter total dollar amounts awarded to enrolled full-time and less than full-time degree-seeking undergraduates

More information

Need-based $ (Exclude non-needbased. meet need.)

Need-based $ (Exclude non-needbased. meet need.) H. FINANCIAL AID Aid Awarded to Enrolled Undergraduates Enter total dollar amounts awarded to enrolled full-time and less than full-time degree-seeking undergraduates (using the same cohort reported in

More information

The Financial Aid Application Process and Frequently Asked Questions

The Financial Aid Application Process and Frequently Asked Questions The Financial Aid Application Process and Frequently Asked Questions Step 1 - To apply for financial aid, a student must complete the Free Application for Federal Student Aid (FAFSA) each year. Students

More information

Financial Aid for College

Financial Aid for College Nicholson Financial Services, Inc. David S. Nicholson Financial Advisor 89 Access Road Ste. C Norwood, MA 02062 781-255-1101 866-668-1101 david@nicholsonfs.com www.nicholsonfs.com Financial Aid for College

More information

Learning the Language of Financial Aid

Learning the Language of Financial Aid Learning the Language of Financial Aid An Introduction to Financial Aid Terminology and Basics BHS Guidance Office How do I pay for college? Family support Savings Work Grants Scholarships Loans Financial

More information

College Financial Aid Night

College Financial Aid Night College Financial Aid Night M O R G A N A. K E L L Y D I R E C T O R, S T U D E N T F I N A N C I A L A S S I S T A N C E S A C R E D H E A R T U N I V E R S I T Y Tonight s Agenda Sources and Types of

More information

Financial Aid 101 Understanding the Basics

Financial Aid 101 Understanding the Basics FAFSA (Free Application for Federal Student Aid) Financial Aid 101 UNDERSTANDING THE BASICS Electronic Application developed by US Dept. Education o Application can be found at www.fafsa.ed.gov Evaluates

More information

Oakland University Financial Services Funding Education Beyond High School Supplemental Worksheet

Oakland University Financial Services Funding Education Beyond High School Supplemental Worksheet Elements of Financial Aid Oakland University Financial Services Funding Education Beyond High School Supplemental Worksheet A) Four types of financial aid available to students: B) Three different categories:

More information

H. FINANCIAL AID. $8,201,055 H1 State (i.e., all states, not only the state in which your institution is located)

H. FINANCIAL AID. $8,201,055 H1 State (i.e., all states, not only the state in which your institution is located) H. FINANCIAL AID Aid Awarded to Enrolled Undergraduates Enter total dollar amounts awarded to enrolled full-time and less than full-time degree-seeking undergraduates (using the same cohort reported in

More information

FINANCIAL AID. The Basics and then some. Presented by: Bonnie Lee Behm Director of Financial Assistance Villanova University

FINANCIAL AID. The Basics and then some. Presented by: Bonnie Lee Behm Director of Financial Assistance Villanova University FINANCIAL AID The Basics and then some Presented by: Bonnie Lee Behm Director of Financial Assistance Villanova University Before we start. Begin with a positive attitude Involve your child in the admission

More information

How to Pay for College. Financial Aid & Scholarships

How to Pay for College. Financial Aid & Scholarships How to Pay for College Financial Aid & Scholarships What is FAFSA? FAFSA stands for what? FREE APPLICATION FOR FEDERAL STUDENT AID What is Financial Aid? Grants Work Study Loans Loans for both students

More information

Costs. Types of Aid. Forms. How much will it cost you? Net cost for a family of 4 earning $120,000 p/year

Costs. Types of Aid. Forms. How much will it cost you? Net cost for a family of 4 earning $120,000 p/year AGENDA Costs Types of Aid Tips for Being a Wise Consumer How Need Based Aid is Calculated Forms Award Letters Rules for Survival 1 Prices Before Financial Aid University of CT Resident University of RI

More information

FINANCING YOUR EDUCATION. A how-to guide for funding your college experience

FINANCING YOUR EDUCATION. A how-to guide for funding your college experience FINANCING YOUR EDUCATION A how-to guide for funding your college experience Congratulations on your outstanding academic achievements, and welcome to the UMBC community. At UMBC, you will be part of an

More information

H. FINANCIAL AID. Please refer to the following financial aid definitions when completing Section H.

H. FINANCIAL AID. Please refer to the following financial aid definitions when completing Section H. H. FINANCIAL AID Please refer to the following financial aid definitions when completing Section H. Awarded aid: The dollar amounts offered to financial aid applicants. Financial aid applicant: Any applicant

More information

Glossary of Financial Aid Terms. Accrued Interest --- interest that has accumulated on the unpaid balance of a loan.

Glossary of Financial Aid Terms. Accrued Interest --- interest that has accumulated on the unpaid balance of a loan. Glossary of Financial Aid Terms Accrued Interest --- interest that has accumulated on the unpaid balance of a loan. Adjusted Gross Income (AGI) gross income minus deductions. This figure appears on IRS

More information

Planning & Paying for College: Overview

Planning & Paying for College: Overview CHARTERBANK - Student Checking 4.0 Planning & Paying for College Above: Student Checking 4.0 - Debit Card Design Planning & Paying for College: Overview Many factors go in to planning and paying for college.

More information

College Planning Guide

College Planning Guide College Planning Guide 2010-2011 C O P T I C E D U C A T I O N A L F O U N D A T I O N 2 0 1 0-2 0 1 1 Page 1 SECTION IV Financing Your College Education College can be expensive, so the earlier you begin

More information

Financial Aid. www.mohela.comk. Offering Support and Low Cost Options for College Bound Students

Financial Aid. www.mohela.comk. Offering Support and Low Cost Options for College Bound Students Financial Aid The mission of MOHELA is to provide lower-cost student loans and other financial and educational resources to benefit a diverse group of students so they can access higher education and to

More information

Your Financial Aid Package and Guide

Your Financial Aid Package and Guide Your Financial Aid Package and Guide 3 SAINT MICHAEL S COLLEGE smcvt.edu What You Need to Know The Office of Student Financial Services at Saint Michael s College has created this guide to explain the

More information

Florida Atlantic University Common Data Set, 2012-13 H. FINANCIAL AID

Florida Atlantic University Common Data Set, 2012-13 H. FINANCIAL AID Florida Atlantic University Common Data Set, 2012-13 H. FINANCIAL AID Aid Awarded to Enrolled Undergraduates Enter total dollar amounts awarded to enrolled full-time and less than full-time degree-seeking

More information

Financial Aid 2014-15

Financial Aid 2014-15 Financial Aid 2014-15 Office of Financial Aid (315) 781-3315 Geneva, NY 14456 www.hws.edu Financial Aid at HWS At Hobart and William Smith, we have a unique approach to financial aid, one rooted in collaboration

More information

F I N A N C I A L A I D

F I N A N C I A L A I D G E T T N G S TA R T E D W T H F N A N C A L A D W E L C O M E T O S U N Y B U F FA L O S TAT E SUNY BUFFALO STATE provides access to a top-caliber education with small class sizes, personalized attention,

More information

Ithaca College Response to the Common Data Set, 2015-16

Ithaca College Response to the Common Data Set, 2015-16 H. FINANCIAL AID Aid Awarded to Enrolled uates H1. Enter total dollar amounts awarded to full-time and less than full-time degree-seeking undergraduates (using the same cohort reported in CDS Question

More information

A Guide to Financial Aid 2015-16. The bottom line and how to pay for it.

A Guide to Financial Aid 2015-16. The bottom line and how to pay for it. A Guide to Financial Aid 2015-16 The bottom line and how to pay for it. The Financial Aid Basics We re glad you are interested in attending Anderson University. Perhaps you have already received your acceptance

More information

FINANCIAL AID. Experience the Mercy Difference.

FINANCIAL AID. Experience the Mercy Difference. FINANCIAL AID Experience the Mercy Difference. FINANCING YOUR EDUCATION at Mercy College Congratulations on exploring the many educational options at Mercy College of Ohio! Mercy College is committed to

More information

Financial Aid. Eligibility Requirements for Federal Student Aid. University of California, Irvine 2015-2016 1. On This Page:

Financial Aid. Eligibility Requirements for Federal Student Aid. University of California, Irvine 2015-2016 1. On This Page: University of California, Irvine 2015-2016 1 Financial Aid On This Page: Financial Aid Eligibility Requirements for Federal Student Aid UCI Policies on Satisfactory Academic Progress for Financial Aid

More information

Student loan terms to know

Student loan terms to know Definition of words related to federal student loans and the Nelnet payment process. Accrue The act of interest accumulating on the borrower s principle balance. Aggregate Loan Limit The maximum total

More information

Seeking Financial Aid

Seeking Financial Aid Seeking Financial Aid your dream, your plan, your future Florida Department of Education (FDOE) Office of Student Financial Assistance (OSFA) Financial Aid Table of Contents Introduction... 1 Federal Student

More information

FINANCIAL AID 101. Kristen Isaksen Associate Director of Financial Aid Monmouth University

FINANCIAL AID 101. Kristen Isaksen Associate Director of Financial Aid Monmouth University FINANCIAL AID 101 Kristen Isaksen Associate Director of Financial Aid Monmouth University What is Financial Aid? Financial aid is money that helps a student pay for education expenses at a postsecondary

More information

Are You Ready for College?

Are You Ready for College? Are You Ready for College? Financial AID, Scholarships, School Loans, Work Study, and Grants for College Tuition Patricia Jackson Wadquidia Retta College Tuition College is an expensive expense when your

More information

Paying for College. Chapter. About Financial Aid

Paying for College. Chapter. About Financial Aid Chapter S4 Paying for College About Financial Aid A four-year college education now costs anywhere between $40,000 and $200,000, depending on whether you attend a public or a private institution. While

More information

The Financial Aid Process Paying for College Kenneth McGhee, Financial Aid Manager The SEED Foundation

The Financial Aid Process Paying for College Kenneth McGhee, Financial Aid Manager The SEED Foundation The Financial Aid Process Paying for College Kenneth McGhee, Financial Aid Manager The SEED Foundation Agenda for Conversation Section One Education Pays Section Two What is Financial Aid?, Section Three

More information

Financial Aid Overview

Financial Aid Overview Financial Aid Overview 1/14/2015 1 Presentation Objectives Understand the financial aid process and timeline Know the different types of financial aid and how to access each of them Understand why everyone

More information

Financial Aid Basics Junior Parent Night 2015 Franklin High School

Financial Aid Basics Junior Parent Night 2015 Franklin High School Financial Aid Basics Junior Parent Night 2015 Franklin High School What is Financial Aid? Sources of Financial Aid. What types of aid are there? How do I apply for/receive each type? What are the basic

More information

Seeking Financial Aid. your dream, your plan, your future. Florida Department of Education (FDOE) Office of Student Financial Assistance (OSFA)

Seeking Financial Aid. your dream, your plan, your future. Florida Department of Education (FDOE) Office of Student Financial Assistance (OSFA) Seeking Financial Aid your dream, your plan, your future Florida Department of Education (FDOE) Office of Student Financial Assistance (OSFA) Financial Aid Table of Contents Introduction...1 Federal Student

More information

Legal Education Institute Financial Aid Sourcebook

Legal Education Institute Financial Aid Sourcebook Legal Education Institute Financial Aid Sourcebook A Publication of Widener University School of Law Office of Financial Aid 2015/2016 Widener University Legal Education Institute Financial Aid Office

More information

The Financial Aid Process. Paying for College

The Financial Aid Process. Paying for College The Financial Aid Process Paying for College Financing College What is financial aid? Types: Loans, scholarships, etc. FAFSA Who can help? What is financial aid? Financial aid makes college/training affordable

More information

What You Need to Know About Financial Aid Mark Hill Director of Financial Aid SUNY College of Environmental Science and Forestry

What You Need to Know About Financial Aid Mark Hill Director of Financial Aid SUNY College of Environmental Science and Forestry What You Need to Know About Financial Aid Mark Hill Director of Financial Aid SUNY College of Environmental Science and Forestry Monday, January 5, 2014 Slide 1 Agenda Financial Aid Cost of Attendance

More information

FINANCIAL AID & SCHOLARSHIPS

FINANCIAL AID & SCHOLARSHIPS FINANCIAL AID & SCHOLARSHIPS 2013-2014 At Carroll, we are committed to providing the highest quality education at an affordable price. Our goal is to allocate $34 million to over 2,800 students as fairly

More information

2014-2015 Financial Aid Guide

2014-2015 Financial Aid Guide 2014-2015 Financial Aid Guide your guide to FINANCIAL AID Although tuition at Northwest ranks among the lowest in Mississippi, scholarships, loans, grants and workstudy are available to qualified students

More information

Common Data Set 2014-2015

Common Data Set 2014-2015 Aid Awarded to Enrolled uates H1. Enter total dollar amounts awarded to enrolled full-time and less than full-time degree-seeking undergraduates (using the same cohort reported in CDS Question B1, total

More information

HSMSE FINANCIAL AID PRESENTATION

HSMSE FINANCIAL AID PRESENTATION Crystal Bonds, Principal HSMSE FINANCIAL AID PRESENTATION Presented by: Wade A. Klein HSMSE Director of College Services & School Counselor Overview Overview of the Financial Aid Process Steps to Submitting

More information

Student Aid Program Summary

Student Aid Program Summary Student Aid Program Summary Most federal student aid is need-based, taking into account an expected family contribution (EFC). Need-based financial aid comes in three basic types: 1. Grants and scholarships,

More information

Glossary Financial Aid & Student Loan Terms

Glossary Financial Aid & Student Loan Terms Glossary Financial Aid & Student Loan Terms A Academic year A period of time schools use to measure a quantity of study. For example, a school s academic year may consist of a fall and spring semester,

More information

MEFA s Guide to Paying for College

MEFA s Guide to Paying for College MEFA s Guide to Paying for College Congratulations! The waiting is over, and your student has received college acceptance letters. Now what? Deciding which college or university to attend isn t always

More information

Aid Awarded to Enrolled Undergraduates

Aid Awarded to Enrolled Undergraduates Common Data Set H: Financial Aid (2010-2011) Instructions and Help Glossary of Terms Aid Awarded to Enrolled uates H1 Enter total dollar amounts awarded to enrolled full-time and less than full-time degree-seeking

More information

Qualifying for the financial aid you deserve MADE $IMPLE

Qualifying for the financial aid you deserve MADE $IMPLE Qualifying for the financial aid you deserve MADE $IMPLE table of contents 2...Paying for college...realizing your dream. 3... Am I eligible? 4...What s available for me? 5...How do I find the financial

More information

www.shawnee.edu Making College a Reality through Financial Aid

www.shawnee.edu Making College a Reality through Financial Aid www.shawnee.edu Making College a Reality through Financial Aid Earn $1 million more! It s a fact. People who attend college and receive a bachelor s degree earn approximately $1 million more in their lifetime

More information

FINANCING YOUR EDUCATION 2014-2015. Your Guide to Financial Aid www.umuc.edu/finaid APPLY. ATTEND. ACHIEVE.

FINANCING YOUR EDUCATION 2014-2015. Your Guide to Financial Aid www.umuc.edu/finaid APPLY. ATTEND. ACHIEVE. FINANCING YOUR EDUCATION 2014-2015 Your Guide to Financial Aid www.umuc.edu/finaid APPLY. ATTEND. ACHIEVE. Introduction to Aid The Financial Aid Office Welcomes You. Returning to school as an undergraduate

More information

Common Data Set. Section H. Financial Aid Final - Academic Year 2014 University of Kansas

Common Data Set. Section H. Financial Aid Final - Academic Year 2014 University of Kansas Section H. Financial Aid CDS H1. Total dollar amounts of aid awarded to enrolled full-time and part-time undergraduates: Which needs analysis methodology does the university use in awarding institutional

More information

What can you do to help your child prepare for his/her college education?

What can you do to help your child prepare for his/her college education? What can you do to help your child prepare for his/her college education? Your child needs help with: Setting expectations Knowing what classes to take in high school Preparing for standardized tests (ACT)

More information

THE FINANCIAL AID PROCESS Paying for College

THE FINANCIAL AID PROCESS Paying for College THE FINANCIAL AID PROCESS Paying for College FINANCING COLLEGE Now that you re planning to go to college, there are a lot of things to think about and many questions you need to ask. Probably the biggest

More information

GLOSSARY OF FINANCIAL AID TERMS

GLOSSARY OF FINANCIAL AID TERMS GLOSSARY OF FINANCIAL AID TERMS Candidates Reply Date Agreement: A college subscribing to this nationally-recognized agreement will not require any applicant offered admission as a first-year student to

More information

Plan to Go to College

Plan to Go to College Plan to Go to College There are lots of things to think about and many questions you need to ask. How much will it cost? Can I afford college? What is financial aid? What is a FAFSA? When and how do I

More information

Financial Aid: What You Need to Know

Financial Aid: What You Need to Know Financial Aid: What You Need to Know Presented by: Michelle Anderson Associate Vice President for Enrollment Washington & Jefferson College Presentation Topics What is financial aid? Financial need calculation

More information

Common Data Set 2008-09 H. FINANCIAL AID

Common Data Set 2008-09 H. FINANCIAL AID H. FINANCIAL AID Aid Awarded to Enrolled Undergraduates Enter total dollar amounts awarded to enrolled full-time and less than full-time degree-seeking undergraduates (using the same cohort reported in

More information

Financial Aid Discussion. December 13, 2012

Financial Aid Discussion. December 13, 2012 Financial Aid Discussion December 13, 2012 Discussion Topics Forms and Deadlines Net Price Calculator IRS Data Retrieval Expected Family Contribution (EFC) Financial Need Aid Types Award Notification Special

More information

Florida A&M University Student Orientation. Office of Financial Aid

Florida A&M University Student Orientation. Office of Financial Aid Florida A&M University Student Orientation Office of Financial Aid Office of Financial Aid Mission Statement The mission of the Office of Financial Aid is to provide access to financial resources in a

More information

USC CENTER FOR HIGHER EDUCATION POLICY ANALYSIS COSTS:

USC CENTER FOR HIGHER EDUCATION POLICY ANALYSIS COSTS: USC CENTER FOR HIGHER EDUCATION POLICY ANALYSIS COLLEGE COSTS: A CALIFORNIA STUDENT GUIDE TO PAYING FOR COLLEGE Are you concerned about paying for college? Do you think that attending your college of choice

More information

Understanding Your Offer of Financial Aid 2016-2017

Understanding Your Offer of Financial Aid 2016-2017 Understanding Your Offer of Financial Aid 2016-2017 Understanding Your Offer of Financial Aid Along with your fi nancial aid award, we are pleased to provide this guide to understanding your award as well

More information

Financial Aid 101 What You Need To Know About Financial Aid

Financial Aid 101 What You Need To Know About Financial Aid Financial Aid 101 What You Need To Know About Financial Aid Jevita Rogers, Director, UCCS Financial Aid Branden Williams, Counselor, UCCS Financial Aid All information in this presentation is general and

More information