How to Fund Your Dream School. Transfer Student Merit Scholarships- Ask admission office of four year institution. Phi Theta Kappa Honor Society (3.5GPA)

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Presentation transcript:

How to Fund Your Dream School

Transfer Student Merit Scholarships- Ask admission office of four year institution. Phi Theta Kappa Honor Society (3.5GPA) IIT-$5000 PTK Scholarship UIC-One semester tuition waiver DePaul University-up to $3000 Institutional Scholarships IIT-Presidential Scholarship-$23,500 &$5,000 Housing (3.5 GPA) UIC-Transfer Merit Tuition Awards (3.25 GPA) DePaul-Transfer Scholarships- (3.5 GPA) Perform at the Highest Level

Estimated expenses are provided to students to assist them in determining actual expenses for the academic year. This is not a bill.  Tuition  Fees  Room and Board  Books & Supplies  Transportation  Personal/Miscellaneous Cost of Attendance

Need-Based Scholarships State Grants Federal Grants Federal Work-Study Federal Loans Outside Scholarships How to Finance Your Education

 Usually reviewed by the institution after Free Application for Federal Student Aid (FAFSA) is completed.  Review the institution’s web site.  A good reason to complete FAFSA. Need Based Scholarships

Illinois Monetary Award Program (MAP)-up to $ MAP grants suspended to all students whose initial FAFSA was, or will be, received by the federal processor on or after March 20,  be a U.S. citizen or U.S. Permanent Resident  be an Illinois resident (If you are a dependent, the parent whose information is used on the FAFSA must be an Illinois resident)Illinois residentdependentFAFSA  demonstrate financial need (EFC ) State Grant

Complete Free Application for Federal Student Aid (FAFSA) school codewww.fafsa.ed.gov You must be a U.S. Citizen or U.S. Permanent Resident Undocumented parents of U.S. Citizens or U.S. Permanent Residents must print signature page and submit it by mail. Federal Aid

 Pell Grant-up to $5550 –Lifetime Pell Eligibility 6 years or 600% (NSLDS.ED.GOV) EFC  FSEOG Grant -$100-$4000  Federal Work Study- Money earned during the school year. Federal Aid

Investment in Yourself  Perkins Loan- 5% interest rate  Direct Stafford Subsidized Loan-3.4% interest rate  Direct Stafford Unsubsidized Loan-6.8% interest rate  Direct Parent Plus Loan-7.9% interest rate If Parent Loan denied student may receive unsubsidized loan increase. Stafford Subsidized and Unsubsidized Loans are divided into two semesters. Some students transfer into four year institutions during the spring semester. Therefore, if the fall portion was not utilized, the student should accept the full Subsidized Loan first. Federal Aid-Loans

Zombie Apocalypse Scholarship- $1,000 Deadline Nov.30, Outside Scholarships NAMEWEBSITEDEADLINEAMOUNT COLLEGE PROWLERCollegeprowler.com $1000 Elie Wiesel Foundation n.org/prizeinethics.aspx $5000 JVS Scholarships ing- education/scholarship- services/ Opens late Oct.or Nov.$1000 ASA Scholarship pha.org/foundation/schol arships.html $1000 Campus Discover om $2500

This process is utilized to advice the Office of Financial Aid of a Special Circumstance. Such as things that are not reflected in the FAFSA or things that have changed since the FAFSA was completed.  Loss of Employment  Reduced Pay  High Medical/Dental Bills  Dependency Override for Recently Married or Unaccompanied Homeless Youth Appeal Process

Institutions may offer the following:  Merit Scholarships  Need-Based Institutional Aid (scholarships/grants)  Appeal Process  Outside Scholarships  Private loans with U.S. Citizen or U.S. Permanent Resident co-signers Students unable to Complete FAFSA can go to college

Leticia Moreno Enrollment Specialist /Financial Aid Counselor Illinois Institute of Technology Presenter