Financial Aid and Cost of Attendance

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Presentation transcript:

Financial Aid and Cost of Attendance

Requirements Cost of Attendance Defining Scholarships and Grants Grants and College Bound Scholarship WASFA

College Education

Cost of Attendance Average Costs for Washington State $55,310 $25,948 $20,101 TOTAL $39,730.00 $10,753.00 Tuition/Fees $1,860.00 $2,265.00 $3,483.00 Personal/ Misc . $1,470.00 $414.00 $1,335.00 Transportation $11,158.00 $11,691.00 $9,633.00 Room/Board $1,092.00 $825.00 Books/Supplies - Private (Gonzaga) Year Public (UW) Local Student Budget $ $1,155.00 4 College (Green River) $4,495.00

How much does it really cost? Student Budget University Description Examples Books/Supplies $1,206 Study material Books, Binders, Backpack Room/Board $11,310 Housing & Food Dorms, Apt, Home Transportation $414 Getting Around Car, Gas, Parking, Bus. Personal/Misc. $2,265 Refund Clothes, Entertainment, etc. Tuition/Fees $11,839 University Costs Mandatory Costs TOTAL $27,034

Where aid comes from… From the U.S. Department of Education The U.S. Federal Government State where you live College you/your student attends Nonprofit or private organization From the Federal Government Aid for serving in the military or being the spouse or child of a veteran Tax benefits AmeriCorps Educational and training vouchers for current and former foster youth Scholarships and loan repayment through the Department of Health and Human Services

FAFSA – Types of Aid Federal student aid includes Grants - financial aid that does not have to be repaid (unless you withdraw from school and owe a refund) Federal Pell grants with maximum awards of $5,815 State need grants with maximum awards of $6,876 Loans – borrowed money for college or career school; you must repay your loans, with interest. (Can be forgiven depending on career) Work-Study – a work program through which you earn money to help pay for school through loan servicers.

FAFSA – Sections Student Demographics School Selection Dependency Status Parent Demographics Financial Information Sign & Submit (using your FSA ID, you can create one here: https://fsaid.ed.gov/npas Confirmation For a quick FAFSA overview here: https://www.youtube.com/watch?v=AZWniQo9gk w

FAFSA – What you need Social Security Number or Alien Registration Number (if you are not a U.S. citizen) Most recent income tax returns, W-2’s, and other records of money (Note: you may be able to transfer your federal tax return information using the IRS Data Retrieval Tool) Bank statements and records of investments (if applicable) Records of untaxed income (if applicable) An FSA ID to sign electronically (can be created before starting the FAFSA for faster submission) If the student is a dependent student, most of the above information is also needed from parent

College Bound Scholarship Step 1: FAFSA Eligibility requirements Date to Apply: October 1st, senior year Website: https://fafsa.gov Grants State and Federal Eligibility Requirements U.S. Citizenship State need grant: http://www.wsac.wa.gov/state-need- grant Scholarships Competitive Process Requirements for Eligibility Numerous Scholarships Available to Apply to

Washington Application for State Aid (WASFA) If a student does not have a Social Security Number or Alien Registration Number, they may be eligible for WASFA, which is state aid for undocumented students, up to $6, 876 per year Eligibility: Graduate from a Washington State High School or obtain a GED Live in WA State for three years prior to, and continuously since earning a high school diploma or equivalent Apply online: readysetgrad.org/WASFA

Naviance Here are some steps towards finding additional resources to help understand financial aid using Naviance: On the Family Connection homepage, click on the “Colleges” tab at the top of the page The next page should be divided into three sections. Under the College Research section, click on the “College Resources” On the next page, there should be 5 links under College Resources. Click on “Financial Aid” or scroll down until you find that section. Use any of the links provided to look up additional information regarding financial aid, according to your needs (see descriptions below each link)

Naviance Lessons My lessons National Scholarship Search Types of scholarships FAFSA4caster

Questions? School contact information: Websites www.kent.k12.wa.us/KL www.kent.k12.wa.us/KM www.kent.k12.wa.us/KR www.kent.k12.wa.us/KW Main office KL: 253-373-4900 KM: 253-373-7405 KR: 253-373-7345 KW: 253-373-7680