College Prep Course (BIM) 2015-2016 Empowering our Students for life after high school For Excellence beyond HS
LESSON OBJECTIVE Content Objective The student learn the steps and guidelines in preparing for college by filling out a paper scholarship application and FAFSA application. Language Objectives The student will understand the difference between scholarship, grant, and a loan. The student will learn the requirements to apply for a scholarship and/or FAFSA. The student will practice how to complete a scholarship application ad FAFSA application.
SCHOLARSHIPS/FAFSA What college or university do you want to attend?
SCHOLARSHIP RESEARCH Web search Go Center AVID Teacher Universities Local Scholarship Local organizations Student/Youth Clubs and Organizations Sports Corporations
HOW TO PAY FOR COLLEGE Scholarships Are given for a variety of reasons, have a variety of criteria, and do not have to be paid back. Summer Savings Obtain college credits while in High School Dual Enrollment/Concurrent Enrollment AP Classes Get involved with your School and Community Get the best SAT/ACT Score possible Fill out the FAFSA/TASFA Apply to a number of Colleges Compare College Award Letters By about the 1 st of April of your Senior year, you should receive an award letter. It might include scholarship & grants, federal student loan and federal work-study. Negotiate the best Award package Prepare a budget with your family Save graduation gift money
HOW TO PAY FOR COLLEGE Take Federal Work-Study Borrow Federal Student Loans $5,500 Freshman $6,500 Sophomore $7,500 Junior, Senior and 5th year undergraduate students $20,500 Graduate students $40,500 Certain graduate medical professions Get a part-time job or paid internship Get good grades Continue your scholarship search Use student discounts Stick to your budget Borrow private students loans
SCHOLARSHIP Know your deadlines and requirements
Requirements for scholarship application High Suchool Senior GPA Essay
Did someone say free money FAFSA/TASFA What is FAFSA?
FAFSA/TASFA Free Application for Federal Student Aid (known as the FAFSA) is a form that can be prepared annually by current and prospective college permanent resident students. TASFA for students that do not have a Social Security number
Process of Completing FAFSA Students can fill out the FAFSA online at https://fafsa.ed.gov/ or they can apply through the mail with a paper form Requires information in five catagories: About the student About the student s dependency status About the student s parents About the student s finances List of the schools that should receive the results of the FAFSA
Lesson Activity Scholarship Application Fill out paper application Write essay FAFSA Application Fill out paper application After filling out both applications submit to instructor and keep copy in students portfolio.
Scholarship/FAFSA Vocabulary Terms Adjusted Gross Income (AGI): Your or your family s wages salaries, interest, dividends, etc., minus certain deductions from income as reported on a federal income tax return. Cost of Attendance (COA): The total amount it will cost you to go to school usually stated as a yearly figure. COA includes tuition and fees; room and board (or a housing and food allowance); and allowances for books, supplies, transportation. Loan fees, and dependent care. It also includes miscellaneous and personal expenses. Disbursed Amount: The quantity of federal student aid funds disbursed (paid out) to a student by the school. Generally, federal student aid funds are made in two or more disbursements. Expected Family Contribution (EFC): This is the number that s used to determine your eligibility for federal student financial aid. This number results from the financial information you provide in your FAFSA, the application for federal student aid. Your EFC is reported to you on your Student Aid Report (SAR). FAFSA: The Free Application for Federal Student Aid (known as the FAFSA) is a form that can be prepared annually by current and prospective college permanent resident students. Federal Pell Grant: A federal grant for undergraduate students with financial need. Federal School Code: An identifier that the U.S. Department of Education assigns to each college or career school that participates in the federal student aid programs. In order to send your FASA information to a school, you must list the school s Federal School Code on your application. A list is available at www.fafsa.gov.
Scholarship/FAFSA Vocabulary Terms (cont.) Federal Student Aid PIN: Your electronic personal identification number that serves as your identifier to allow access to personal information in various U.S. Department of Education systems and acts as your digital signature on some online forms. If you do not already have a PIN, you can request one online at www.pin.ed.gov. Grants: Financial aid, often based on financial need that does not need to be repaid (unless, for example, you withdraw from school and owe a refund). Loans: If scholarships and grants don't cover the entire cost of your tuition, you may have to take out a student loan to make up the difference. Federal student loans don't have to be paid while you're in college. Room and Board: An allowance for the cost of housing and food while attending college or career school. Scholarship: Money awarded to students based on academic or other achievements to help pay for education expenses. Scholarships generally do not have to be repaid. Student Aid Report (SAR): A summary of the information you submitted on your Free Application for Federal Student Aid (FAFSA). You receive this report (often called the SAR) via e-mail a few days after your FAFSA has been processed or by mail within 7-10 days if you did not provide an e-mail address. If there are no corrections or additional information you must provide, the SAR will contain your EFC, which is the number that's used to determine your eligibility for federal student aid. Tuition: College tuition is the "sticker price" of your education, and does not include room and board, textbooks, or other fees. Colleges often calculate tuition based on the cost of one credit, or "unit." Work-Study: A federal student aid program that provides part-time employment while you are enrolled in school to help pay your education expenses.