Are You Ready for College?

Size: px
Start display at page:

Download "Are You Ready for College?"

Transcription

1 Are You Ready for College? Financial AID, Scholarships, School Loans, Work Study, and Grants for College Tuition Patricia Jackson Wadquidia Retta

2 College Tuition College is an expensive expense when your child gets to this momentous point in his or her life. If you were not able to save for you child s college, don t worry. Here are a few options for you and your child

3 What is Financial AID? There are a variety of financial aid tools available to students today, including scholarships, needbased awards, work-study employment and student loans. Let's start with need-based financial aid.

4 Need-based Financial AID Nearly two-thirds of today's full-time college students receive some form of need-based aid Need-based financial aid eligibility is based on two calculations -- the total cost of education and the family's ability to pay. The cost of education can vary significantly from institution to institution. Generally, these calculations include all reasonable costs (tuition, room, board and living expenses) of attendance.

5 Financial AID To apply for need-based financial aid, families must complete the Free Application for Financial Aid (FAFSA). These documents are used to determine what amount, if any, a family (and that means both parent and student) can contribute to the annual cost of attendance. That number is known as the Expected Family Contribution (EFC). The specific amount of your E FC may vary somewhat from institution to institution, but the formulas in place ensure that most EFCs are similar. The FAFSA website is very informative.

6 Financial AID Formulas The formulas consider a variety of family circumstances when determining eligibility Consequently, there's no real cut-off point or maximum income a family can have and still qualify for assistance. E ven if you have a comparatively high income, you may still qualify for need-based aid, particularly if you have more than one child in college. E very student, regardless of financial situation, should consider applying for need-based aid to see what happens., finaid.org 6

7 College Scholarships College scholarships can also be found at the FAFSA website. The College Scholarships Services PROFILE is the site to find Federal Scholarships. Independent students do not need their parents Income tax forms Dependent students need their parents income tax returns Which one are you? Most all high school students are dependent students

8 1 st Local Scholarship Merit-based Scholarships Compared with need-based financial aid, meritbased scholarships are few and far between. Many schools offer no merit-based aid at all. Still, students should apply for any scholarship that seems like a good fit., scholarships.com 8

9 1 st Local Scholarship cont d Merit scholarships are awarded to the best and brightest students. Merit scholarships are awarded to students based on strong academic abilities, leadership skills, artistic or musical ability, and athletic abilities, including specialized activities like cheerleading. They also may require a paper, speech, project or other form of competition., scholarships.com 9

10 2 nd Local Scholarships "Who-are-you-what's-your- heritage-where-areyou-from-who-do-you-know? Students are selected on the basis of religion, ethnicity, professional affiliations or employment. Generally requires only an application., scholarships.com 10

11 2 nd Local Scholarships Four places to find these scholarships: Your kitchen table -- Sit down as a family and consider your various family connections. Consider your religious affiliation. Parents, perhaps you are a member of a club or fraternal organization that offers scholarships for which your child may apply. Many corporations provide scholarships to the children of employees. Perhaps your company does. If you have an affiliation that could lead to a scholarship, follow up on it! The high school guidance counselor's office -- Students should stop by regularly and read the counselor's bulletin board. You may be surprised by what you find. The local library -- The library bulletin board and resource section can provide you with very real scholarship opportunities. The Internet -- The Internet is a rich source of scholarship opportunities -- both local and national. Search for scholarships at sites like The College Board, SallieMae.com, USAGroup and Fastweb.com. These sites offer excellent advice on paying for college and often list national scholarships for which you may apply. As a rule, you should avoid working with any scholarship or financial aid search firm that charges a fee for its services. Almost without exception, any scholarship funds available for a fee are also available for free, scholarships.com, fastweb.com 11

12 National Scholarships Many national organizations, corporations included, also offer valuable scholarships

13 Student Loans Federal loans are the most accessible and affordable loan resources for students. There are two federal programs available nationally: the Stafford and Perkins programs. Both provide low-interest, payment-deferred loans that borrowers can repay after their enrollment ends. These loans are subsidized by the government to keep rates low and only begins to accrue after the borrower begins repaying the loan.

14 Student Loans Students who are unable to demonstrate need through the FAFSA may still borrow from the Stafford student loan program. These funds are unsubsidized, meaning they carry higher interest rates and must be repaid starting at the time of receipt, fafsa.org 14

15 Parent Loans The federally supported Parent Loan to Undergraduate Students (PL US) offers low interest (not interest-subsidized) loans for which repayment begins 60 days after funds are disbursed. Parents can apply for PLUS loans by completing either a PLUS Loan application or a Direct PLUS Loan application (if your school participates in the federal Direct Loan program).

16 Parent Loans There are also many private parental loans offered under a variety of terms and interest rates, some allowing repayment over as long as 20 years. Almost all parent loans require some type of credit check. The PLUS loan credit check is the most liberal, requiring only that parents have had no credit problems within 60 days of application. The credit check for private parent loans is more stringent and generally requires that the applicant's debtto-income ratio meet a specified standard.

17 Grants A grant is considered the best form of financial aid because it's money that never has to be repaid -- ever! Grants are based on demonstrated financial need and are awarded by both federal and state governments, as well as individual colleges.

18 Pell Grant The Pell Grant is the most common type of federal grant. Eligibility for a Pell Grant is determined by completing the FAFSA. The maximum Pell Grant award amount for the academic year is $5,350 per student

19 Federal Work Study Program If you want to earn some money for school while you're in school, a job funded by the Federal Work-Study Program is another financial aid option. Depending on the level of need demonstrated in your FAFSA, a Work-Study job can be an excellent way to earn thousands of dollars a year toward tuition

20 Federal Work Study Program The Federal Work-Study program encourages students to find employment that's related to their field of study. Schools reserve a certain amount of on-campus jobs for work-study students, everything from library assistants to admissions office representatives, dining hall workers and landscape teams. Schools also maintain a list of off-campus positions that qualify for work-study funds

21 ROTC If you do ROTC for three years in high you are eligible to enter the military at a high rank. Joining the military is another way to earn a freeride to college. You may use the time while enlisted in the military to earn a degree or use the hours after your time in the military.

22 Financial AID TIPS Start saving for college now. This is good advice for parents and students because the more you save, the less you have to borrow. It's not the college's sticker price that matters. All that really matters is the net cost of education. In most cases, there is a difference between the family's out-of-pocket expense and the college's sticker price.

23 Financial AID TIPS As your student creates the list of schools to which he or she will apply, don't eliminate a school just because it's expensive. A great deal of assistance is available, and you may be surprised at how much you or your student receives.

24 Resources How Stuff Works (2008). A Discovery Company. Retrieved from / Free Application for Federal Student Aid. (2010). Retrieved from The Smart Student Guide to Financial Aid. (1994). A Monster Company. Retrieved from / Paying for School just got easier (2010). A Monster Community. Retrieved from / Find Money for College (1999). Retrieved from

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

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

TITLE Financial aid overview for parents TITLE

TITLE Financial aid overview for parents TITLE Financial aid overview for parents Understand Your Options Finding the money to pay for college is a concern of many parents because they think they can t afford it. It s important to know that families

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

PREPARING FOR YOUR COLLEGE EDUCATION. A guide to understanding financial aid and how to pay for college.

PREPARING FOR YOUR COLLEGE EDUCATION. A guide to understanding financial aid and how to pay for college. PREPARING FOR YOUR COLLEGE EDUCATION A guide to understanding financial aid and how to pay for college. What we re going to cover What conversations have you had about paying for school? How to plan for

More information

ST. FRANCIS COLLEGE GUIDE to Paying for College

ST. FRANCIS COLLEGE GUIDE to Paying for College ST. FRANCIS COLLEGE GUIDE to Paying for College Learn about all of the financial aid opportunities available to you and how you can apply: College Scholarships Federal & State Grants Student Employment

More information

Financing a University of Delaware Education. Academic Year 2012-2013

Financing a University of Delaware Education. Academic Year 2012-2013 Financing a University of Delaware Education Academic Year 2012-2013 Estimated Cost-of-Attendance Budget* Below is the estimated 2012-2013 educational budget. Official rates are announced in early July

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

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

Paying for School. 6 steps for success. AllNursingSchools.com

Paying for School. 6 steps for success. AllNursingSchools.com 3 This Getting Started Guide is your source for up-to-date information about choosing a nursing school or program. Use these tips to get organized and motivated and get going on making your dreams a reality.

More information

Value in your future

Value in your future Value in your future Financial Aid Your road to success can be surprisingly affordable. This publication contains material related to the federal rules and regulations of the Title IV program of the Higher

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

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

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 Guide. Student Financial Services. Adelphi University Office of. One South Avenue P.O. Box 701 Garden City, NY 11530-0701

Financial Aid Guide. Student Financial Services. Adelphi University Office of. One South Avenue P.O. Box 701 Garden City, NY 11530-0701 Financial Aid Guide Adelphi University Office of Student Financial Services One South Avenue P.O. Box 701 Garden City, NY 11530-0701 Phone: 516.877.3080 Fax: 516.877.3380 For the ninth straight year, Adelphi

More information

Gettin Paid. To Attend College

Gettin Paid. To Attend College Gettin Paid To Attend College The Basics of Gettin Paid Student & family may be responsible for paying portions of college costs. Financial aid provides resources to help families who are unable to cover

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

The SAMFund Presents: Going Back to School Post-Cancer: The Pros, Cons and Hows. Agenda. Going Back to School: The Pros

The SAMFund Presents: Going Back to School Post-Cancer: The Pros, Cons and Hows. Agenda. Going Back to School: The Pros The SAMFund Presents: Going Back to School Post-Cancer: The Pros, Cons and Hows Sherri Avery Director of Financial Aid and Student Employment Brandeis University savery@brandeis.edu Agenda Pros and cons

More information

COMPONENTS OF AID PACKAGES: WHAT TO EXPECT

COMPONENTS OF AID PACKAGES: WHAT TO EXPECT 23359_ch01.qxd 7/15/04 9:00 AM Page 176 176 Paying for College based grants or scholarships if the institution provides them, may decrease loans in the aid package and increase grants even at an institution

More information

Types of Financial Aid

Types of Financial Aid Types of Financial Aid The Financial Aid Office at SUNY Maritime College assists students in financing their education by offering financial assistance in the form of scholarships, grants, loans and work-study

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

Financial Aid: Paying for College. Husky for a Day. October 23, 2015

Financial Aid: Paying for College. Husky for a Day. October 23, 2015 Financial Aid: Paying for College Husky for a Day October 23, 2015 Kay Lewis, Assistant Vice Provost, Enrollment Executive Director of Financial Aid and Scholarships UNDERGRADUATE AID OVERVIEW 2014-15

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

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

Winning at the college financial aid game

Winning at the college financial aid game Winning at the college financial aid game By the numbers Average tuition and fees per year for four-year colleges in 2006-07: 1 Private institutions: $30,367, up 4.6% from the previous year Public colleges:

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

FINANCIAL AID AND SCHOLARSHIPS FINANCING THE MILLSAPS COLLEGE EXPERIENCE

FINANCIAL AID AND SCHOLARSHIPS FINANCING THE MILLSAPS COLLEGE EXPERIENCE FINANCIAL AID AND SCHOLARSHIPS FINANCING THE MILLSAPS COLLEGE EXPERIENCE A Financial Aid Snapshot of the Millsaps College Class of 2016 67% received need-based aid $31,863 average financial aid package

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

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

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

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

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

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

PAYING FOR COLLEGE. Plain talk about Financial Aid

PAYING FOR COLLEGE. Plain talk about Financial Aid PAYING FOR COLLEGE Plain talk about Financial Aid CONTENTS The PreStep Facing the Facts Step 1: Understanding Financial Aid Basics 1 The Basics: Understanding Scholarships, Grants and Loans 2 Step 2: Applying

More information

College Preparation Handbook Scholarships & Financial Aid

College Preparation Handbook Scholarships & Financial Aid College Preparation Handbook Scholarships & Financial Aid 1 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

More information

Financing a College Education

Financing a College Education Financing a College Education After this program, you should know The types of aid available to students How and when to apply for financial aid How financial aid eligibility is calculated Sources of Financial

More information

How To Get A College Degree In Michigan

How To Get A College Degree In Michigan 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

Getting Started: 2015 2016 Undergraduate Financing Options. All information is accurate as of December 2014 and subject to change without notice.

Getting Started: 2015 2016 Undergraduate Financing Options. All information is accurate as of December 2014 and subject to change without notice. Getting Started: 2015 2016 Undergraduate Financing Options All information is accurate as of December 2014 and subject to change without notice. Everything You Ever Wanted to Know, But Didn t Know What

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

Financial Aid For Degree- Seekers

Financial Aid For Degree- Seekers 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

Financing a University of Delaware Education. Academic Year 2014-2015

Financing a University of Delaware Education. Academic Year 2014-2015 Financing a University of Delaware Education Academic Year 2014-2015 Notification Process Merit Scholarships In Progress Students eligible for merit scholarship will generally hear a few weeks after receiving

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

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

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

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

Welcome to [Site name]

Welcome to [Site name] Welcome to [Site name] Tonight s program 1 2 3 4 2 At the end of the evening We ll collect evaluations for tonight s event Even better, we ll hold a scholarship drawing We ll select three $500 scholarship

More information

2015-2016. ABCs of Financial Aid

2015-2016. ABCs of Financial Aid 2015-2016 ABCs of Financial Aid 1 What s Inside General Eligibility Requirements for Federal Financial Aid...2 Dependency Status...2 Applying for Financial Aid and the Need Analysis Process...3 Need Analysis

More information

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

How To Determine The Cost Of College At The Universtarca

How To Determine The Cost Of College At The Universtarca Benchmarks: Measures of College Affordability and Student Aid in North Carolina May 2006 An Update to the Study Published December 2004 The State Education Assistance Authority is pleased to make available

More information

Financing Your Smith Education 2015 16

Financing Your Smith Education 2015 16 Financing Your Smith Education 2015 16 Planning for College Costs Financing a college education can be complicated. This worksheet can help you figure out what you would owe for 2015 16 billed charges

More information

HELPFUL FINANCIAL AID HINTS...

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

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

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

The on-campus student budget includes tuition, room and board, and an allowance for personal and book expenses.

The on-campus student budget includes tuition, room and board, and an allowance for personal and book expenses. Financial Aid Student Financial Services is an important resource for families, whether or not they apply for financial aid. The College participates in a number of parent financing plans and offers a

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

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

Common Data Set 2010-11 H. FINANCIAL AID

Common Data Set 2010-11 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

Learning Today, Leading Tomorrow FINANCIAL AID

Learning Today, Leading Tomorrow FINANCIAL AID Learning Today, Leading Tomorrow STUDENT FINANCIAL AID SUCCESSFULLY NAVIGATING THE STUDENT FINANCIAL AID PROCESS The Northern Illinois University Student Financial Aid Office (SFAO) is pleased to assist

More information

JESUIT HIGH SCHOOL COLLEGE FINANCIAL AID NIGHT

JESUIT HIGH SCHOOL COLLEGE FINANCIAL AID NIGHT JESUIT HIGH SCHOOL COLLEGE FINANCIAL AID NIGHT PRESENTED BY UNIVERSITY OF PORTLAND S OFFICE OF FINANCIAL AID RUSSELL SEIDELMAN MOLLY WALSH NOVEMBER 19, 2015 HOW WILL I PAY FOR IT? Family support Grants

More information

THE CITY UNIVERSITY OF NEW YORK FINANCIAL AID PAYING FOR COLLEGE. www.cuny.edu/financialaid

THE CITY UNIVERSITY OF NEW YORK FINANCIAL AID PAYING FOR COLLEGE. www.cuny.edu/financialaid THE CITY UNIVERSITY OF NEW YORK FINANCIAL AID PAYING FOR COLLEGE www.cuny.edu/financialaid When you look at the quality and cost of a CUNY education, you see right away that it is a tremendous value. But

More information

Basics. An Introduction to Paying for College

Basics. An Introduction to Paying for College inancialaid Basics An Introduction to Paying for College 2011-2012 How Do I Pay for College? If you think you can t afford to go to college, think again. Financial aid has helped millions of students pay

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

Common Data Set 2008-09 H. FINANCIAL AID. 2009-2010 H6 below: H1 Indicate the academic year for which data are reported for items H1, H2, H2A, and

Common Data Set 2008-09 H. FINANCIAL AID. 2009-2010 H6 below: H1 Indicate the academic year for which data are reported for items H1, H2, H2A, and H. FINANCIAL AID Aid Awarded to Enrolled Undergraduates: H1 Indicate the academic year for which data are reported for items H1, H2, H2A, and 2009-2010 below: estimated Which needs-analysis methodology

More information

Financial Aid. Scholarships Expenses. Financial Aid

Financial Aid. Scholarships Expenses. Financial Aid Financial Aid # Financial Aid Formula # Eligible Applicants # Application Requirements and Suggested Filing Dates # Programs for Which You May Qualify # Verification of Financial Aid Data # Academic Progress

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

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

Navigating the World of College Student Financial Aid An Overview

Navigating the World of College Student Financial Aid An Overview Navigating the World of College Student Financial Aid An Overview Centenary College January 2015 Introduction If you are a student (or the parent of a student) who is about to embark on a journey into

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

Financing a University of Delaware Education for non Delawareans. Academic Year 2015-2016

Financing a University of Delaware Education for non Delawareans. Academic Year 2015-2016 Financing a University of Delaware Education for non Delawareans Academic Year 2015-2016 Topics to be Covered Overview of financial aid available (scholarships, grants, and loans) at the University and

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

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

Financial Aid: What You Need to Know

Financial Aid: What You Need to Know Financial Aid: What You Need to Know South High School December 15, 2014 Sandy Sundstrom St. Olaf College Agenda General Overview and Philosophy of Financial Aid Family Contribution Financial Need Types

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

Financial. Aid. 2012-2013 An Introduction to Paying FOR COLLEGE. Minnesota Office of Higher Education

Financial. Aid. 2012-2013 An Introduction to Paying FOR COLLEGE. Minnesota Office of Higher Education Financial Aid 2012-2013 An Introduction to Paying FOR COLLEGE Office of Higher Education 1450 Energy Park Drive, Suite 350 Saint Paul, MN 55108-5227 Tel: 651.642.0567 or 800.657.3866 TTY Relay: 800.627.3529

More information

Everglades University - Boca Raton Boca Raton, FL

Everglades University - Boca Raton Boca Raton, FL Everglades University - Boca Raton Boca Raton, FL C O L L E G E P R O F I L E - O V E R V I E W Web Site www.evergladesuniversity.edu/ Institution Type Private Coeducational Yes Undergraduate Students

More information

The Financial Aid Office Presents. Financing Education Beyond High School

The Financial Aid Office Presents. Financing Education Beyond High School The Financial Aid Office Presents Financing Education Beyond High School What You Need to Know General Eligibility Requirements Understanding EFC & COA Categories, types, and sources of financial aid Free

More information

Financing Your Education. www.fitchburgstate.edu/admissions/financial-aid

Financing Your Education. www.fitchburgstate.edu/admissions/financial-aid Financing Your Education www.fitchburgstate.edu/admissions/financial-aid About Us A public liberal arts university with a 100-plus year history of education in professional fields, Fitchburg State University

More information

Filling Out the FAFSA

Filling Out the FAFSA Filling Out the FAFSA Free Application for Federal Student Aid The Path to Financial Aid Starts Here FAFSA What s Inside? Federal student aid is provided by the U.S. government to help you pay for college.

More information

Preparing for College Parent Meeting: Financial Aid. Decatur Middle School April 15, 2015

Preparing for College Parent Meeting: Financial Aid. Decatur Middle School April 15, 2015 Preparing for College Parent Meeting: Financial Aid Decatur Middle School April 15, 2015 Agenda Welcome Objective Types of Financial Aid Where to Start Objective To inform parents of how funding postsecondary

More information

You can find detailed information about education tax benefits at www.nasfaa.org/students/

You can find detailed information about education tax benefits at www.nasfaa.org/students/ College is one of the best investments you Can make, but it Can be expensive. Savvy students and families can dramatically reduce their out-of-pocket costs by taking advantage of all the student financial

More information

College is one of the best investments you can make, but it can be expensive.

College is one of the best investments you can make, but it can be expensive. College is one of the best investments you can make, but it can be expensive. Savvy students and families can dramatically reduce their out-of-pocket costs by taking advantage of all the student financial

More information

Financial Aid 101 for Bursars

Financial Aid 101 for Bursars Financial Aid 101 for Bursars University of Delaware The University of Delaware, a state assisted, Land Grant, Sea Grant, Space Grant, Carnegie Research University Total Enrollment: 21,489 Undergraduate:

More information

FINANCIAL AID NIGHT 2015 2016

FINANCIAL AID NIGHT 2015 2016 FINANCIAL AID NIGHT 2015 2016 1 Understanding the College and Financial Aid Application Process Be patient, thorough, and organized as you go through the college admission and financial aid application

More information

Financial Aid Guide for Online Students

Financial Aid Guide for Online Students Financial Aid Guide for Online Students Making your education affordable Transforming Lives through Christ 1 Table of Contents College Education: An Investment in Your Future.... 3 Exploring Your Options...4

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

Student Financial Aid

Student Financial Aid Student Financial Aid David P. Pearlman D. Ed Director of Student Aid @ Penn State Altoona Shannon Hawkins Assistant Director of Student Aid @ Penn State Altoona What will you consider when looking at

More information

FINANCIAL AID FOR LAW SCHOOL: A PRELIMINARY GUIDE. LSAC.org

FINANCIAL AID FOR LAW SCHOOL: A PRELIMINARY GUIDE. LSAC.org LSAC.org FINANCIAL AID FOR LAW SCHOOL: A PRELIMINARY GUIDE INTRODUCTION Legal education is an investment in your future and is a serious financial investment as well. As with any investment, it is important

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

Scholarships and Grants

Scholarships and Grants Scholarships and Grants More than 5,000 scholarships and grants are awarded annually to Drake University students. These scholarships include awards based on demonstrated financial need, academic achievement,

More information

2016-2017 GUIDE TO FINANCIAL AID AND FUNDING RESOURCES

2016-2017 GUIDE TO FINANCIAL AID AND FUNDING RESOURCES 2016-2017 GUIDE TO FINANCIAL AID AND FUNDING RESOURCES PAGE 2 COST OF ATTENDANCE The cost of your Trinity education includes both direct costs and indirect expenses. Direct costs will be listed on the

More information

Financial Aid Night. 180 Remsen Street Brooklyn, NY 11201 Phone 718-489-5255 Fax 718-643-0076 sfs@stfranciscollege.edu

Financial Aid Night. 180 Remsen Street Brooklyn, NY 11201 Phone 718-489-5255 Fax 718-643-0076 sfs@stfranciscollege.edu Financial Aid Night 180 Remsen Street Brooklyn, NY 11201 Phone 718-489-5255 Fax 718-643-0076 sfs@stfranciscollege.edu What is Financial Aid? Scholarships Grants Employment opportunities Loans How To Apply

More information

Invest in Education By Scott Niederjohn

Invest in Education By Scott Niederjohn By Scott Niederjohn Education as Human Capital Investment takes many forms. One form is the development of human capital the knowledge, skills, health, and values that individuals possess. People develop

More information

A-A A-B A-C C-A C-B C-C PS-A PS-B PS-C X X X

A-A A-B A-C C-A C-B C-C PS-A PS-B PS-C X X X Lesson Plan 1: Financial Aid Vocabulary Core www.ihaveaplaniowa.gov Area: Financial Planning Total Time: 50 minutes Target Grades: Appropriate for 9-12, Recommended for 11 or 12 Suggested Timeline: Grade

More information

affording college Consolidated Credit 5701 West Sunrise Boulevard Fort Lauderdale, FL 33313 1-800-210-3481 www.consolidatedcredit.

affording college Consolidated Credit 5701 West Sunrise Boulevard Fort Lauderdale, FL 33313 1-800-210-3481 www.consolidatedcredit. affording college Consolidated Credit 5701 West Sunrise Boulevard Fort Lauderdale, FL 33313 1-800-210-3481 www.consolidatedcredit.org Congratulations on taking this important step to a brighter financial

More information

INANCIAL AID. You Can Pay for College

INANCIAL AID. You Can Pay for College A GUIDE TO INANCIAL AID You Can Pay for College FINANCIAL Achieve your dreams of a college education. Get financial Don t rule out a particular college or decide not to go to college at all based on cost

More information

Financial Aid and Scholarships: Planning for your Child s Educational Expenses

Financial Aid and Scholarships: Planning for your Child s Educational Expenses Financial Aid and Scholarships: Planning for your Child s Educational Expenses Renee G. Dann, Assistant Director/Coordinator Financial Aid and Scholarships January 15, 2015 Goals for Tonight What are basic

More information

Right fit. Right here. 2015-16 FINANCIAL AID

Right fit. Right here. 2015-16 FINANCIAL AID Right fit. Right here. 2015-16 FINANCIAL AID A UNI: THE RIGHT FINANCIAL FIT One of the top 22 colleges in Iowa that provides students with the best lifetime return on investment. Affordable Colleges Online

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

Benedict College Columbia, SC

Benedict College Columbia, SC C O L L E G E P R O F I L E - O V E R V I E W Benedict College Columbia, SC Benedict, founded in 1870, is a private, liberal arts college. Its 100-acre campus is located in Columbia. Web Site www.benedict.edu/

More information