Presented by UCCS Financial Aid

All information in this presentation is general and although we would urge you to consider UCCS, the information should be applicable at any school you are considering.

-Agenda / Packet -Introduction -Questions -Prizes

Types of Aid Gift Aid Self Help Aid Grants Scholarships Loans Student Employment

Grants and Scholarships Gift Aid Grants and Scholarships

Free money that you don’t pay back!!! Grants Need Based Aid Types: Federal: Pell, ACG, SMART, TEACH, FSEOG State: CSG, CRG, CGG, CLEAP Institutional: UCCS Tuition Grant Free money that you don’t pay back!!!

Scholarships Private Money Awarded for a variety of criteria- Merit (academics, talents/abilities, etc.) Need (diversity, financial need, chosen field, etc.) Places to look: High School Counselor (Booster Club, PTA, etc.) Surrounding Community (Elks Club, local businesses, etc.) On the Internet: The College/University you plan on attending

Never Pay for FAFSA or Scholarship Completion

Loans and Student Employment Self-Help Aid Loans and Student Employment

Loans Student Loans Parent PLUS Loans (fixed 8.5%) Perkins (fixed 5%) There are loan forgiveness programs available for students who graduate from such programs as nursing or education . Student Loans Perkins (fixed 5%) Subsidized Stafford (fixed 6%) Unsubsidized Stafford (fixed 6.8%) Parent PLUS Loans (fixed 8.5%)

Loans Yearly Loan Limits Dependent Independent Freshmen $3,500 sub $2,000 unsub $6,000 unsub Sophomores $4,500 sub Juniors/Seniors $5,500 sub $7,000 unsub Graduate Students n/a $8,500 sub $12,000 unsub Lifetime Limits Dependent Undergraduates $31,000 ($23,000 sub) Independent Undergraduates $57,500 ($23,000 sub) Graduate Students $138,500 ($65,500 sub)

Student Employment We discussed three types of student loans. Name one of them. Need Based Work Study Non-Need Based Work Study On Campus Hourly Employment Off Campus Hourly Employment Important- You will need your social security card to be hired as most schools require it. Perkins, Stafford, and PLUS

Free Application for Federal Student Aid FAFSA Free Application for Federal Student Aid

FAFSA Determines eligibility for need-based aid Apply for a PIN at www.pin.ed.gov (needed by both student and a parent) Collect the documents needed to apply Complete the FAFSA in time for your school’s Priority Date. The newest form is available every January 1st! Review your SAR, and, if necessary, contact your Financial Aid office to make corrections. Make sure to complete your Financial Aid File, this may require you to turn in copies of taxes and other paperwork.

FAFSA4Caster Estimate your Financial Aid eligibility www.fafsa4caster.ed.gov Learn how to fill out FAFSA Get an early start on Financial Aid process Estimate your Financial Aid eligibility Increase your knowledge about Financial Aid So help make your future forecast a bright one by planning now for college!

Eligibility for Need Based Aid College Cost of Attendance “Budget” - (minus) Expected Family Contribution “EFC” = NEED

Need Examples $16,828 budget - $2,500 EFC $14,328 Need *** Examples are from 2008-2009 Award Year, Resident Student with Off Campus Budget. Numbers are reflected after COF has been applied. ***

Special Circumstances Also known as Professional Judgments Unemployment Disability Death or Illness in the family *** What qualifies as special circumstances is determined by the school that you are going to attend. All schools are different. *** What does FAFSA stand for? Free Application for Federal Student Aid

More information to know File Cabinet More information to know

Award Letters will list costs in one of two ways: 2 1 Indirect Costs: Everything in Direct Costs, plus: Travel, Miscellaneous, Room & Board if not living in dorms Direct Costs: Tuition, Books, Fees, Room & Board if living in dorms

The UCCS Promise The UCCS Promise helps eligible low income families who are Colorado residents meet the cost of tuition, books and fees. Students must meet priority date and enroll full-time to be eligible for the UCCS Promise. Must: ~Meet Priority Date (FAFSA & admitted) ~ Be full-time ~Be a first-time Freshmen or transfer from a Colorado community college ~And, have a family income at or below 150% of the federally-established poverty level

The affordable way to go out of state! WUE Western Undergraduate Exchange Program Provides reduced tuition to students’ who have residency in contract states. In all cases, WUE tuition is considerably less than nonresident tuition. Apply for admission and WUE tuition status directly to the institution(s) of your choice. Contact your school’s Admissions & Records office to find out how to apply. For a list of states that participate visit www.wue.wiche.edu The affordable way to go out of state!

Profile CSS/Financial Aid PROFILE® is required by many private colleges and universities to determine eligibility for institutional aid. -PROFILE can be submitted in the fall -PROFILE has questions that are specific to your school or program -PROFILE determines your financial need differently than the FAFSA, taking into account information like if your family owns their own home. -PROFILE costs $9 plus $16 for each school or scholarship program you want your information sent to To complete a PROFILE Application go to https://profileonline.collegeboard.com

College Opportunity Fund COF, Stipend, Voucher What is the voucher program? When did the voucher program begin? Who is eligible? Do I need to apply for the voucher program? What happens if I don’t apply for the voucher program? Where should I go to register and for more information? www.collegeincolorado.com-> College Opportunity Fund

El Paso County Loan Forgiveness Program The College Invest Graduation Reward Program is a groundbreaking partnership between the City of Colorado Springs, El Paso County and College Invest, Colorado’s not-for-profit higher education financing resource. www.collegeinvest.org/GRP/

College Goal Sunday What: Why: When: Where: A one-day event to help students and families complete the FAFSA If you are even thinking about education beyond high school, you will most likely need financial help. Sunday, February 8th 2009 from 2pm-4pm Pikes Peak Community College Centennial Campus 5675 S. Academy Boulevard  Why: When: Where:

When in doubt, refer to the instructions! Newest versions available after January 1st.

Green= Student Information

Green= Student Information

Purple = Parent Information Haven’t filed taxes yet? That’s okay, you can still file FAFSA based on estimation. Purple = Parent Information

Purple = Parent Information Haven’t filed taxes yet? That’s okay, you can still file FAFSA based on estimation. Purple = Parent Information

Green= Student Information Haven’t filed taxes yet? That’s okay, you can still file FAFSA based on estimation. Green= Student Information

Up to 10 different schools can receive your Student Aid Report. Green= Student Information

Transfer information from these worksheets to the FAFSA Don’t forget to include military BAH and BAS!

Top 10 Financial Aid Tips 1. Everyone should apply, regardless of family income. 2. Deadlines matter. Turn everything in on time! 3. Not every school is the same! 4. Understand your Estimated Family Contribution (EFC) 5. Understand your Cost of Attendance (COA) 6. Eligibility and need are not always the same 7. Know the difference between need based and merit based aid. 8. There are many forms of aid! 9. Award letters may vary from year to year. 10. All award letters can be appealed.

Good luck with your college endeavors and let us know how we can help!

Financial Aid Contacts Phone: (719) 262-3460 or 1-800-990-UCCS x3460 E-mail: finaidse@uccs.edu Internet: www.uccs.edu/finaidse Or stop in: Cragmor Hall; Second Floor Operating Hours: Mon.: 8am to 7pm Tues.-Fri.: 8am to 5pm

Resources FAFSA: www.fafsa.ed.gov PIN: www.pin.ed.gov College Opportunity Fund: www.collegeincolorado.org El Paso County Loan Forgiveness Program: www.collegeinvest.org/GRP/ Western Undergraduate Exchange (WUE): www.wue.wiche.edu National Student Loan Database System: www.nslds.ed.gov