Financial Aid 101. UNDERSTANDING THE BASICS Sarah Everitt Associate Director, Financial Aid Gonzaga University
|
|
- Sophie Newman
- 8 years ago
- Views:
Transcription
1 Financial Aid 101 UNDERSTANDING THE BASICS Sarah Everitt Associate Director, Financial Aid Gonzaga University
2 Goal of Financial Aid Primary goal: Assist students in paying for college and is achieved by: Evaluating families ability to pay educational costs Distributing limited resources in an equitable manner Providing balance of gift aid and self-help aid
3 Financial Aid 101 The US Department of Education maintains that the primarily responsibility of paying for college rests with a student s family
4 FAFSA (Free Application for Federal Student Aid) Electronic Application developed by US Dept. Education Application can be found at Questions Evaluates a Family s ability to pay for student s education Available January 1 st, 2011
5 Expected Family Contribution What is it? It is an estimate of the parents' and/or student's ability to contribute to post-secondary education expenses (output from FAFSA) Range: $0- $99,999 How is it calculated? Formula created by Congress Reviewed & Updated each year Income (parent and student) Asset Equity (excluding home equity) Family Size Number of Family Members in College Age of Parents
6 Principles of Need Analysis To extent they are able, parents have primary responsibility to pay for dependent child s education Students have a responsibility to contribute to educational costs Families should be evaluated in their present financial condition Family s estimated ability to pay educational costs must be evaluated in equitable and consistent manner, recognizing that special circumstances may affect family s ability to pay
7 Independent Student Definition 1. At least 24 years old by December 31 of award year covered by the FAFSA; 2. Married; 3. Graduate or professional student; 4. Currently serving on active duty in US Armed Forces; 5. Veteran of U.S. Armed Forces; 6. Has children or dependents (other than a spouse) for whom the student provides more than half support; 7. In foster care or an orphan or ward/dependent of the court after the age of Emancipated Minor; 9. As of FAFSA filing date, are you in a legal guardianship; 10. Unaccompanied youth who is homeless (as determined by an approved organization; or 11. Determined to be independent by financial aid administrator based on unusual circumstances
8 Cost of Attendance* Tuition and fees Room and board Books and supplies Transportation Miscellaneous personal expenses Study Abroad Costs Other fees Dependent care expenses *(varies by school )
9 Definition of Financial Need Cost of attendance (COA) Expected family contribution (EFC) = Financial NeedNeed
10 Need Varies Based on Cost 25,000 1 X 15,000 2 Y 5,000 3 Z EFC EFC 30,000 20,000 10,000 Cost of 5,000 Expected Family Need Attendance Contribution (Variable) (Variable) (Constant)
11 Categories of Financial Aid Need-based Aid based on your financial need Merit-based (or non-need) Aid based on your grades, test scores, community service, hobbies and special talents (artistic, athletic, etc.) Gift aid: Grants and scholarships (need-based or merit-based) Self-help aid: Loans and employment (need-based or non-needbased)
12 Financial Aid Application Process
13 Application Process Some Admission Application Institutional Aid Application CSS/Financial Aid PROFILE - Available now at Not all schools require $25 application fee (and one school) $16 fee per additional school
14 Application Process - All Free Application for Federal Student Aid (FAFSA) Required for federal, state aid, and institutional aid in some cases Deadlines vary from school to school Several filing methods Paper version FAFSA on the WEB ( Pin #: parent AND student (
15 Role of the Financial Aid Office Determines aid eligibility using federal formula Packages aid depending on availability of funds Sends award notification including: Award amount for each program for which student is eligible Disbursement methods and time frames Terms and conditions of each award
16 Sources of Financial Aid Federal and State Grants Federal and State Work-Study Federal Loans Institutional Aid Private Funding
17 Federal & State Grants Need Based Federal Pell Grant Federal SEOG Washington State Need Grant Bureau of Indian Affairs (BIA) Academic & Need Based TEACH Grant
18 Work Programs Employment during school Federal or State Work Study, Institutional Work, or Community Jobs Job may be on or off campus Program varies from school to school Benefits of working
19 Federal Student Loans Perkins Loan Need based $4,000 annual loan limit Nine-month grace period Interest rate: 5% during repayment No fees Deferment and cancellation provisions available Direct Loans Subsidized & Unsubsidized Determined by Need Annual loan limits determined by student s year in school Six-month grace period Interest rate: Fixed Up to 1.5% fees Incentives exist during repayment
20 Federal PLUS Loan Parent borrows on behalf of dependent undergraduate student Credit based Annual Loan limit: COA minus other aid Interest rate: 7.9% Fees: 4% Repayment begins 60 days after loan is fully disbursed for parent borrowers
21 Other Sources of Funds State grants, scholarships, loans, and work programs School need-based and non-need-based programs (e.g., academic, athletic, and other talent-based scholarships and grants) Private business scholarships (e.g., Wal-Mart, Gates Foundation, etc.) Civic organization scholarships (e.g., PTA, Elks Club, etc.)
22 Private Scholarship Search Community: Library resources, High School Guidance Counselors, Community Organizations, Employers and Labor Unions, Professional Associations, Corporations / Foundations, Churches, Banks/Credit Unions Free Internet scholarship search engines: FinAid on the Web: College Board: FastWeb: Scholarship Resource Network Express: GoCollege: The Collegiate Websource: Gates Millennium:
23 Avoid Being Scammed Billions of Dollars Unclaimed... Money Back Guarantee Several warning signs of a possible scam Guaranteed winnings Free seminars on financial aid telephone numbers Check legitimacy of scholarship search services or consultants visit: U.S. Department of Education Federal Trade Commission Better Business Bureau CAUTION: As a general rule, if you must pay money to get money, it might be a scam.
24 Financial Aid Consultants Free assistance is available Be wary of any consultant who encourages you to use strategies that seem unethical Avoid consultants who encourage you to misreport your income
25 Financial Aid Information Accurate, Comprehensive and Objective Information Links to Free Scholarship Searches Scholarship Scam Alerts Financial Aid Consultant Guide EFC and Loan Calculators Answers to Frequently Asked Questions Special Interest Groups Information
26 Application Process Submit FAFSA prior to school s deadline Most aid awarded on first-come, firstserved basis To ensure maximum consideration for federal, state, and institutional aid, check information from each school to determine: Required application materials Application deadlines
27 Basic Application Flow Student and school receive Student Aid Report (SAR) from federal processor after FAFSA is received and processed 6 School matches admissions record with financial aid application and determines eligibility 6 School mails award letter to student 6 Student mails award letter back to school
28 Financial Aid Timeline Apply for Aid (January-February 2011) Receive Award Letter (April-May) Comply with Information Requests (April-May) National School Decision Deadline - May 1 Verification and Aid Coordination (Summer) Re-apply for Aid (January-February 2012)
29 Is There Life After Missed Deadlines? Yes, but Award letter may be delayed Certain funds may be unavailable: Institutional grants and scholarships Free federal money Work-study Application of funds may be after payment due date
30 Additional Financial Resources Inquire about tuition installment plans Spreads tuition payments through the year Low sign-up fees, low or no interest charged Consider alternative loan programs Federal non-need based educational loans Private educational loans Home equity or line-of-credit loans
31 Western Undergraduate Exchange (WUE) Out of state tuition at 150% of in state rate 15 states in the west Certain state schools with certain programs Mark WUE on admission application
32 Where Do I Go From Here? Check each schools website/materials (that you are applying to) for Admission and Financial Aid information Meet all application deadlines Complete FAFSA and other application materials, such as College Scholarship Service s PROFILE application, IF required Submit all requested follow-up documents Investigate other sources of aid
33 Special Circumstances Loss of Job Loss of Benefits Natural Disaster Separation/Divorce Death in Family Other Contact the financial aid office
34 Figuring Out the Best Deal Develop an Award Comparison Chart Consider direct, non-direct and total costs at each institution Review types, amounts and renewability of gift aid (free money) Compare types and amounts of self-help aid (work-study and/or loans) Determine any amount you ll need to pay in addition to awards being offered
35 Completing the FAFSA
36 Getting Ready Gather records you will need Student s driver s license and Social Security card W-2 forms and other records of money earned in federal income tax returns (for estimates) Records of untaxed income Current bank statements Business and farm records Records of stocks, bonds and other investments Make it a family affair
37 FAFSA on the Web Web site: FAFSA on the Web available on January 1, 2011 FAFSA on the Web Worksheet: o Use as pre-application worksheet o Questions follow order of FAFSA on the Web
38 FAFSA on the Web Good reasons to file electronically: o Secure website o Built-in edits to help prevent costly errors o Allows student & parent to skip unnecessary questions o More timely submission o More detailed instructions and help for common questions o Ability to check application status on-line o Simplified renewal application process
39 CAUTION! Avoid being charged a fee to file the FAFSA - Free Application for Federal Student Aid Completion and processing of the FAFSA are FREE Be sure to go directly to Contact financial aid office for help completing the FAFSA
40 PIN Registration Web site: Can request PIN now Not required, but speeds processing May be used by students and parents throughout aid process, including subsequent school years
41 An 8 page booklet containing: Instructions 106 questions in 7 sections FAFSA on the Web Worksheet
42 FOTW Worksheet: Student Info General student information: Name Citizenship State of legal residence Social Security Number Driver s license number Self-help preferences
43 FOTW Worksheet: Dependency Status Student s dependency status If all No responses, student is dependent If Yes to any question, student is independent
44 FOTW Worksheet: Parent Info Data for parents of dependent students: Parents marital status Tax filing status & Income information Parents income and tax paid for 2010 Parents household size Parents number in college
45 FOTW Worksheet: Assets Asset data for students & parents of dependent students: Cash, savings, and checking Net worth of investments Net worth of business and investment farms Do NOT Include certain items
46 FOTW Worksheet: Student Income Student s (and spouse s) financial data: Tax filing status and return type Adjusted gross income (AGI) for 2010 Income tax paid for 2010 Information about student s veteran s benefits
47 FOTW Worksheet: School Info List of up to 6 schools to receive FAFSA data: Federal School Code Housing plans for each school
48 ERRORS can be COSTLY! Errors on the FAFSA or supplemental forms may DELAY application processing and result in the LOSS of financial aid funds. Read the instructions and complete all forms carefully!
49 Frequent FAFSA Errors Parent and student Social Security Numbers Divorced/remarried parental information Income earned by parents/stepparents Untaxed income U.S. income taxes paid Household size Number of household members in college Real estate and investment net worth
50 FAFSA Processing Results Central Processing System (CPS) notifies student of FAFSA processing results by: notification containing a direct link to student s on-line SAR if student s was provided on paper or electronic FAFSA Paper Student Aid Report (SAR) if student s e- mail address was not provided Student with PIN can view SAR on-line at
51 Making Corrections If necessary, corrections to FAFSA data may be made by: Using FAFSA on the Web ( if student has a PIN; Updating paper SAR (SAR Information Acknowledgement cannot be used to make corrections); or Submitting documentation to school s financial aid office
52 Questions? Good Luck!
FAFSA and Student Visa Application Process
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 informationFinancing Education Beyond High School
Financing Education Beyond High School Claudia A. Wenzel John Carroll University Director of Financial Assistance Topics We Will Discuss The Basics of Understanding the process including: Expected Family
More informationNational Association of Student Financial Aid Administrators NASFAA 2008
National Association of Student Financial Aid Administrators What You Need to Know About Financial Aid Topics We Will Discuss Tonight What is financial aid Cost of attendance (COA) Expected Family Contribution
More informationWhat You Need to Know About Financial Aid
National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid 2013 NASFAA Topics We Will Discuss Tonight What is financial aid Cost of attendance (COA)
More informationWhat You Need to Know About Financial Aid
National Association of Student Financial Aid Administrators What You Need to Know About Financial Aid Topics We Will Discuss Tonight What is financial aid Cost of attendance (COA) Expected Family Contribution
More informationWhat You Need to Know about Financial Aid
National Association of Student Financial Aid Administrators What You Need to Know about Financial Aid Topics We Will Discuss Tonight What is financial aid Cost of attendance (COA) Expected Family Contribution
More informationNational Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid
National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid 2013 NASFAA Topics We Will Discuss Tonight What is financial aid? Free Application for Federal
More informationWhat You Need to Know about Financial Aid
National Association of Student Financial Aid Administrators What You Need to Know about Financial Aid Presented By: Mary Cannon Director of Student Financial Services Mount Vernon Nazarene University
More informationNational Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid
National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid 2014 NASFAA Topics We Will Discuss Tonight What is financial aid? Cost of attendance (COA)
More informationWhat You Need to Know about Financial Aid
National Association of Student Financial Aid Administrators What You Need to Know about Financial Aid Topics We Will Discuss Tonight What is financial aid Cost of attendance (COA) Expected Family Contribution
More informationOFFICE OF FINANCIAL AID. Central Connecticut State University
OFFICE OF FINANCIAL AID Central Connecticut State University WHAT IS FINANCIAL AID COST OF ATTENDANCE (COA) WHAT AID IS AVAILABLE WHO IS ELIGIBLE HOW DO I APPLY FINANCIAL AID consists of federal, state,
More informationNational Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid
National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid 2013 NASFAA Topics We Will Discuss Tonight What is financial aid? Cost of attendance (COA)
More informationNational Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid
National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid 2015 NASFAA Topics We Will Discuss Tonight What is financial aid? Cost of attendance (COA)
More informationWhat You Need to Know About Financial Aid
National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid 2015 NASFAA Topics We Will Discuss Tonight What is financial aid? Cost of attendance (COA)
More informationWhat You Need to Know about Financial Aid
What You Need to Know about Financial Aid Topics We Will Discuss Tonight Categories, types, and sources of financial aid What is financial aid Cost of attendance (COA) Expected Family Contribution (EFC)
More informationRochelle Filler. Assistant Director of Financial Aid Rensselaer Polytechnic Institute
Rochelle Filler Assistant Director of Financial Aid Rensselaer Polytechnic Institute National Association of Student Financial Aid Administrators What You Need to Know about Financial Aid Topics We Will
More informationFinancial 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 informationWhat You Need to Know About Financial Aid
National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid Presented By: Dr. Linda Williams Sierra Community College 2015 NASFAA Topics We Will Discuss
More informationNational Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid
National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid 2014 NASFAA Topics We Will Discuss Tonight What is financial aid? Cost of attendance (COA)
More informationWhat You Need to Know About Financial Aid
National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid 2013 NASFAA Topics We Will Discuss Tonight What is financial aid Cost of attendance (COA)
More informationFinancial 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(Almost) Everything You Need to Know About Financial Aid Acalanes High School November 5, 2015
(Almost) Everything You Need to Know About Financial Aid Acalanes High School November 5, 2015 Cora Manuel, Asst. Director Saint Mary s College of CA Why is there financial aid? What is financial aid?
More informationFinancial 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 informationThe 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 informationMike 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 informationOffice 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 informationDiscussion Topics. Funding Your Education Wisely Taking A Closer Look at the Various Types of Aid and the Financial Aid Process 1/6/15. !
Funding Your Education Wisely Taking A Closer Look at the Various Types of Aid and the Financial Aid Process Discussion Topics! Financial Aid Overview ª Types and sources of aid ª Federal and state programs
More informationWhat 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 information2015-2016. 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 informationWhat is Financial Aid. What is Financial Aid. Cost of Attendance (COA) 2/27/15&
What is Financial Aid What is Financial Aid Provides access to postsecondary education. Helps pay expenses such as tuition and fees, room and board, books and supplies, and transportation. Cost of Attendance
More informationFinancial Aid Consumer Information
Financial Aid Consumer Information In accordance with federal regulations set forth by the Higher Education Act of 1965, as amended, NCE provides this Student Disclosures Schedule as means to disseminate
More informationFinancial 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 informationGlossary 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 informationHow 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 informationFinancial 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 informationAccepted 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 informationWhat 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 informationTHE 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 informationWhat You Need to Know About Financial Aid
National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid Tracy Dahl Centralia College 2014 NASFAA Topics We Will Discuss Tonight What is financial
More informationGLOSSARY 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 informationEducation Lights the Way at
Education Lights the Way at UC Irvine Today s Topics Sources of Financial Aid General Eligibility Criteria Cost of Education Application Process Needs Analysis Types of Financial Aid Comparing Aid Offers
More informationFinancial 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 informationAcronym Fun. College Foundation of North Carolina. Free Application for Federal Student Aid. Expected Family Contribution
The Cost of College Acronym Fun CFNC FAFSA EFC PLUS College Foundation of North Carolina Free Application for Federal Student Aid Expected Family Contribution Parent Loan for Undergraduate Students 2 Bonus
More informationFinancial 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 informationIntroduction 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 informationThe 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 informationFinancial Aid Overview
Financial Aid Overview ww.fafsa.ed.gov Presented by: Dorothy Nacita Santa Ana College Financial Aid Office Financial Aid Myths Students with highest GPAs get all the aid Not in full time, won t qualify
More informationSUNY 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 informationHELPFUL FINANCIAL AID HINTS...
TABLE OF CONTENTS HELPFUL FINANCIAL AID HINTS.........................................................................................1 PAYING FOR COLLEGE.................................................................................................2
More informationStudent Financial Services: Understanding Financial Aid
Student Financial Services: Understanding Financial Aid Employee Financial Aid Night 2011 Overview What is Financial Aid? Free Application for Federal Student Aid (FAFSA) CSS PROFILE How do colleges give
More informationFinancing 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 informationHow to Complete the FAFSA 2009 2010
How to Complete the FAFSA 2009 2010 Admissions & Enrollment Center 734-462-4426 Office of Financial Aid 734-462-4433 www.schoolcraft.edu Why complete a FAFSA? The FAFSA is required for all federal and
More informationFinancial Aid 101: What it is and How to Apply
Financial Aid 101: What it is and How to Apply Cookie Greer Student Financial Services South Puget Sound Community College 1 What is Financial Aid? Scholarships Grants Loans Employment opportunities WHERE
More informationBasic College Process
FINANCIAL AID OVERVIEW Basic College Process Student has taken ACT/SAT tests Student has applied for and been accepted at the institutions they are looking at Student completes FAFSA Student and school
More informationCost 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 informationFilling 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 informationYOUR 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 informationYour 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 informationOhio Wesleyan University. High School Financial Aid Presentation November 5 th, 2015
Ohio Wesleyan University High School Financial Aid Presentation November 5 th, 2015 Contact Us for Help Your best source for FREE financial aid information and assistance Assist students with the application
More informationFinancing Your Future. An introduction to Financial Aid
Financing Your Future An introduction to Financial Aid Financing Your Future What does college cost? How do I apply for financial aid? What types of aid are available? Where can I get more information?
More informationPlan 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 informationCost of Attendance Expected Family Contribution Students Unmet Need
Awarding Financial Aid The Financial Aid Office has developed an institutional packaging philosophy to ensure consistent, equitable, and fair distribution of financial aid funds. Federal and State need-based
More informationQualifying 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 informationFinancial Aid 101. What You Need to Know About the College Financial Aid Process. Presented by Jack Zegeer Northern Virginia Community College
Financial Aid 101 What You Need to Know About the College Financial Aid Process Presented by Jack Zegeer Northern Virginia Community College Topics Why is college important? What is Financial Aid? What
More informationHow 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 informationFinancial Aid Glossary
Financial Aid Glossary Acceptance Form: The written acknowledgment by the student of receipt of an award letter. The form usually provides for acceptance of offered aid, possible declination of all or
More informationExample Student Aid Report
Example Student Aid Report 2012-2013 Electronic Student Aid Report (SAR) The SAR summarizes the information you submitted on your 2012-2013 Free Application for Federal Student Aid (FAFSA). Application
More informationFamily 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 informationCollege 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 informationI N T E R N A T I O N A L P R O F E S S I O N A L S C H O O L O F B O D Y W O R K C o l l e g e o f M a s s a g e a n d H o l i s t i c H e a l t h
C O L L E G E I N T E R N A T I O N A L P R O F E S S I O N A L S C H O O L O F B O D Y W O R K C o l l e g e o f M a s s a g e a n d H o l i s t i c H e a l t h What is financial aid? T o u c h i n g
More informationFINANCIAL 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 informationWhat documents do I need when I file my FAFSA?
How do I apply for financial aid? To apply for financial aid, a student must fill out a FAFSA. FAFSA stands for the Free Application for Federal Student Aid and can be completed at www.fafsa.gov. You should
More informationHow long will it take for my financial aid to be processed?
1 FREQUENTLY ASKED QUESTIONS FINANCIAL AID PROCESS When should I apply for financial aid? Generally, Student Financial Services suggests a student apply for aid a minimum of 90 days prior to the beginning
More informationF N I ANCIN I G G Y OU O R COL O L L E L GE G EDUCATI T O I N
FINANCING YOUR COLLEGE EDUCATION 2013-2014 Award Year 1 Overview Types of Assistance Scholarship Information Applying for Need-Based Aid Eligibility Requirements Application Process Award Notification
More informationFiling Your Free Application for Federal Student Aid (FAFSA) Academic Year 2015-2016
Filing Your Free Application for Federal Student Aid (FAFSA) Academic Year 2015-2016 Federal Student Aid PIN Obtain a Federal Student Aid PIN Available online at www.pin.ed.gov Required for students and
More informationPresented 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 informationCollege Financing Overview and Federal Regulatory Updates. Celebrating 30 years of Excellence Planning, Saving & Paying for College
College Financing Overview and Federal Regulatory Updates Celebrating 30 years of Excellence Planning, Saving & Paying for College 1 MEFA.org/seniors Step-by-step tips to walk you through the process Tools
More informationYou 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 informationFinancial Aid Seminar
Financial Aid Seminar What is financial aid? What are the sources of financial aid? How will colleges determine your eligibility for aid? When and how do you apply for aid? Principles of Financial Aid
More informationYour 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 informationFinancial Aid Information
Financial Aid Information WHAT IS FINANCIAL AID? Financial aid is a combination of grants, federal loans and work-study opportunities awarded based on financial need. Scholarships on the other hand are
More informationLearning About Financial Aid. Katherine Allen Financial Aid Workshop November 14, 2015
Learning About Financial Aid Katherine Allen Financial Aid Workshop November 14, 2015 Topics for Today College Costs Types of Financial Aid All About the FAFSA What Happens Next? Direct Cost Expenses paid
More informationThe 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 informationThe Financial Aid Process. Paying for College
The Financial Aid Process Paying for College Making college accessible and affordable for Illinois students. - Mission Statement The Illinois Student Assistance Commission (ISAC) is the college access
More informationHow 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 informationThe Financial Aid Process. Paying for College
The Financial Aid Process Paying for College What is financial aid? Financial aid makes college affordable for you. Financial aid refers to specific borrowed, given or earned money that can be obtained
More informationFINANCIAL 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 informationFINANCIAL 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 informationHow To Get Financial Aid For College
Completing the FAFSA {Unlock money for college} Even if your parents won the Types of Financial Aid That Require the FAFSA 1 Types of financial aid that require the FAFSA Federal and state grants government
More informationJESUIT 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 informationFind yourself here FINANCIAL AID Y O U R G U I D E T O
Find yourself here Application Eligibility Helpful Hints Rights & Responsibilities Verification Academic Progress Dependent/Independent Status Y O U R G U I D E T O FINANCIAL AID Bright Futures Federal
More informationFinancial 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 informationThe Financial Aid Process
The Financial Aid Process Paying for College Making college accessible and affordable for Illinois students. - Mission Statement The Illinois Student Assistance Commission (ISAC) is the college access
More informationThe Financial Aid Process. Paying for College
The Financial Aid Process Paying for College Making college accessible and affordable for Illinois students. - Mission Statement The Illinois Student Assistance Commission (ISAC) is the college access
More informationA College Education Is Affordable
A College Education Is Affordable (but were afraid to ask.) Need based financial aid Merit based scholarships Alternative financing An insider s list of consumer tips Equal access Make education accessible
More informationLouisiana s First Choice for College Access
Louisiana s First Choice for College Access LOSFA Administered Programs TOPS START Saving Program TOPS Tech Early Start Program Chafee Educational Training Voucher (ETV) Program Safer Volunteer Firemen
More informationFinancial Aid Workshop. Vicki Hendrickson, Director The University of Tulsa Vicki-Hendrickson@utulsa.edu
Financial Aid Workshop Vicki Hendrickson, Director The University of Tulsa Vicki-Hendrickson@utulsa.edu 1 Different Types of Financial Assistance Outside Scholarship: Outside scholarships are various forms
More informationWinning 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 informationAWARD LETTER COMPARISON WORKSHEET
AWARD LETTER COMPARISON WORKSHEET Different schools have different resources, so financial aid offers can vary greatly from school to school. There are several components of an aid offer you should consider:
More informationWhat You Need to Know about Financial Aid
National Association of of Student Financial Aid Administrators What You Need to Know about Financial Aid NASFAA 2012 2013 Slide 1 Topics We Will Discuss Tonight What is financial aid? Categories, types,
More information