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    Description: Tags: Findingmoney4college0809

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    anon-457674
    The document provides information about different sources of financial aid for college, including federal student aid, state student aid, institutional aid from colleges, and private scholarships. It discusses what financial aid is, who is eligible, how much aid students can receive, and how to apply. The document explains the application process for federal student aid, including using a PIN to complete the Free Application for Federal Student Aid (FAFSA) online. It also provides next steps after applying and resources for getting more information.

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    Description: Tags: Findingmoney4college0809

    Uploaded by

    anon-457674
    14 views20 pages
    The document provides information about different sources of financial aid for college, including federal student aid, state student aid, institutional aid from colleges, and private scholarships. It discusses what financial aid is, who is eligible, how much aid students can receive, and how to apply. The document explains the application process for federal student aid, including using a PIN to complete the Free Application for Federal Student Aid (FAFSA) online. It also provides next steps after applying and resources for getting more information.

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    description: tags: findingmoney4college0809

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    The document provides information about different sources of financial aid for college, including federal student aid, state student aid, institutional aid from colleges, and private scholarships. It discusses what financial aid is, who is eligible, how much aid students can receive, and how to apply. The document explains the application process for federal student aid, including using a PIN to complete the Free Application for Federal Student Aid (FAFSA) online. It also provides next steps after applying and resources for getting more information.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    14 views20 pages

    Description: Tags: Findingmoney4college0809

    Uploaded by

    anon-457674
    The document provides information about different sources of financial aid for college, including federal student aid, state student aid, institutional aid from colleges, and private scholarships. It discusses what financial aid is, who is eligible, how much aid students can receive, and how to apply. The document explains the application process for federal student aid, including using a PIN to complete the Free Application for Federal Student Aid (FAFSA) online. It also provides next steps after applying and resources for getting more information.

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    You are on page 1of 20

    Finding Money for College

    Insert date of presentation
    Insert location, your name, etc.
    We will talk about:

    • Federal student aid
    • State student aid
    • Student aid from colleges
    • Scholarships from other sources

    2
    We will answer:

    • What is financial aid?
    • Who can get it?
    • How much can I get?
    • How do I apply?
    • What happens next?
    • Where can I get more info?

    3
    What is financial aid?

    • Money to pay for college or career 
    school
    – Grants
    – Loans
    – Work­study
    – Scholarships
    4
    Who can get federal student aid?

    • U.S. citizen or (usually) permanent resident
    • High school graduate/GED holder
    • Eligible degree/certificate program
    • Valid Social Security number
    • Males registered for Selective Service
    • Satisfactory academic progress

    5
    Who can get other kinds of 
    financial aid?

    • States, colleges, and private 
    scholarships have their own 
    eligibility criteria. 
    • Be sure you know what you need to 
    do to qualify.

    6
    How much federal student aid can 
    I get?

    In general, depends on your financial need.
    • Financial need determined by Expected 
    Family Contribution (EFC) and cost of 
    attendance (COA) 
    • EFC comes from what you report on FAFSA
    • COA is tuition, fees, room and board, 
    transportation, etc.
    COA – EFC = financial need
    7
    How much federal student aid can 
    I get?
    Example: first­year student in 2008­09
    Maximum amounts allowed: 
    • Federal Pell Grant: approximately $4,700+
    • Academic Competitiveness Grant: $750
    • TEACH Grant: $4,000
    • Federal Stafford Loan: $3,500
    • Federal Perkins Loan: $4,000
    • Federal Supplemental Educational Opportunity Grant: 
    $4,000
    • Federal Work­Study: depends on funds available at 
    school
    • Federal PLUS Loan (for parents): COA minus other aid 
    received
    8
    How much federal student aid can 
    I get?
    For early estimate, use FAFSA4caster:
    • Go to www.FederalStudentAid.ed.gov
    • Enter some financial information
    • Get an estimate

    9
    How much state, school and 
    scholarship money can I get?

    • Depends on the program: do your 
    research!
    – Our state aid: [input URL for state govt]
    – Ask college financial aid offices for info 
    about aid available at their schools
    – Free scholarship search: 
    www.FederalStudentAid.ed.gov/funding

    10
    How do I apply for aid?

    • Federal student aid: fill out Free Application for 
    Federal Student Aid (FAFSA) at 
    www.fafsa.ed.gov
    • State aid: [insert info about any state forms 
    necessary and where to get them]
    • School aid: contact financial aid office at schools 
    you are considering
    • Scholarships: visit scholarship Web site or call 
    contact number for information

    11
    How do I apply for federal student 
    aid?

    • Get a PIN at www.pin.ed.gov
    • Your parent might need a PIN too
    • Choose your own PIN or let the site 
    choose one for you
    • Don’t tell anyone your PIN!

    12
    How do I apply for federal student 
    aid?

    • (Optional) Use FAFSA on the Web 
    Worksheet to get ready.
    • Get worksheet at 
    www.FederalStudentAid.ed.gov/worksheet
    • Use checklist to gather documents you 
    need.
    • Fill out worksheet to prepare your answers.

    13
    How do I apply for federal student 
    aid?

    • Fill out your FAFSA online at 
    www.fafsa.ed.gov
    • Apply on or after Jan.1 but as early as 
    possible to meet all deadlines.
    • Need help? Use “Live Help” icon or call 
    1­800­4­FED­AID.
    • Don’t forget to print confirmation page.

    14
    How do I apply for federal student 
    aid?

    • Watch for response by e­mail, from 
    [email protected], 
    or by mail
    • Double­check your information online at 
    www.fafsa.ed.gov (use your PIN to log on) 
    or on the paper Student Aid Report mailed 
    to you
    • Correct any mistakes and update any 
    information as necessary
    15
    How do I apply for federal student 
    aid?

    1. Watch for e­mails or letters from 
    the schools you are considering
    • Give the schools any additional 
    paperwork they ask for
    • Meet all deadlines or you could 
    miss out on aid!
    16
    What happens next?

    • Each school will tell you how much 
    aid you can get at that school.
    • Once you decide which school to 
    attend, keep in touch with the 
    financial aid office to find out when 
    and how you will get your aid.

    17
    Where can I get more info?

    • www.FederalStudentAid.ed.gov 
    – Information about aid programs
    – Free scholarship search
    – Free college search
    • 1­800­4­FED­AID
    – Information about aid programs 
    – Help with the FAFSA

    18
    Questions?

    19
    Thanks for coming

    Contact information:  
     Name
    • Phone: (xxx) xxx­xxxx 
    • e­mail: [email protected]

    20

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