F INANCIAL A ID B ASICS Yavapai College Financial Aid Office Yavapai College Financial Aid Office

F EDERAL O PTIONS  Pell Grant- free money if conditions are met  SEOG- free money if conditions are met  Federal Work Study- earned in the form of a paycheck  Subsidized Loan- repaid with interest, interest subsidy benefit if conditions are met  Unsubsidized Loan- repaid with interest  Parent Loan- repaid with interest  Pell Grant- free money if conditions are met  SEOG- free money if conditions are met  Federal Work Study- earned in the form of a paycheck  Subsidized Loan- repaid with interest, interest subsidy benefit if conditions are met  Unsubsidized Loan- repaid with interest  Parent Loan- repaid with interest

S CHOLARSHIP O PTIONS  Institutional Scholarships- student should research deadlines specific to prospective colleges (Yavapai deadline May 1 st )  Outside Scholarships- student should search scholarship databases, SALTMONEY.ORG, SCHOLARSHIPHUNTER.COM, SCHOLLY app  Tribal Scholarships- eligible student should contact their respective tribe  Institutional Scholarships- student should research deadlines specific to prospective colleges (Yavapai deadline May 1 st )  Outside Scholarships- student should search scholarship databases, SALTMONEY.ORG, SCHOLARSHIPHUNTER.COM, SCHOLLY app  Tribal Scholarships- eligible student should contact their respective tribe

B ASIC F INANCIAL A ID T IMELINE FOR 16/17 January/February Complete the FAFSA Conduct scholarship searches February/March Complete verification of information for each college/university Respond to any questions from the college/university financial aid office April/May Receive financial aid notice from college/university Reply to offers of aid May Confirm admission decision, notify other colleges not attending to cancel aid Complete all steps necessary to secure offered aid you intend to accept Notify college/university of outside scholarships January/February Complete the FAFSA Conduct scholarship searches February/March Complete verification of information for each college/university Respond to any questions from the college/university financial aid office April/May Receive financial aid notice from college/university Reply to offers of aid May Confirm admission decision, notify other colleges not attending to cancel aid Complete all steps necessary to secure offered aid you intend to accept Notify college/university of outside scholarships

M AJOR U PCOMING C HANGE IN FAFSA P ROCESSING FAFSA  FAFSA available Jan 1 st 2016  Will look at prior year tax info (2015) FAFSA  FAFSA available Oct 1 st 2016  Will look at prior, prior year tax info (2015)

FAFSA IS THE F IRST S TEP  Required for all forms of federal aid  Often required for scholarships  File at no one should ever pay a feewww.fafsa.gov  Required for all forms of federal aid  Often required for scholarships  File at no one should ever pay a feewww.fafsa.gov

H OW S ATISFACTORY A CADEMIC P ROGRESS (SAP) IS DETERMINED  Cumulative GPA > 2.0  Rate of Progression (ROP) > 66%  Credits  Lifetime Pell Usage  Outstanding Loan Balance  Cumulative GPA > 2.0  Rate of Progression (ROP) > 66%  Credits  Lifetime Pell Usage  Outstanding Loan Balance

GPA  Must be at least 2.0  Grades of A, B, C, D, F are factored in  Grades of I, W, Y, S, U are not factored in  Must be at least 2.0  Grades of A, B, C, D, F are factored in  Grades of I, W, Y, S, U are not factored in

ROP  Measure of attempted vs earned credits  Must be at least 66%  Grades of A, B, C, D are considered attempted and earned.  Grades of F, U, I, W or Y are considered attempted, not earned.  Dropped/withdrawn classes will lower ROP  Repeated courses may lower ROP  Measure of attempted vs earned credits  Must be at least 66%  Grades of A, B, C, D are considered attempted and earned.  Grades of F, U, I, W or Y are considered attempted, not earned.  Dropped/withdrawn classes will lower ROP  Repeated courses may lower ROP

C REDITS  Factored credits- o YC o Dual Enrollment o Transfer  Suspended at 96 credits (specific to YC)  How classes were paid for is not a factor  Factored credits- o YC o Dual Enrollment o Transfer  Suspended at 96 credits (specific to YC)  How classes were paid for is not a factor

Y ES, D UAL E NROLLMENT C OUNTS Dual enrollment courses are college classes, therefore a factor of a students academic progress. These courses impact financial aid eligibility even if financial aid was not used to pay for the course.