Nyack High School Guidance Department Lorraine Longing – Director of Guidance k- 12 Counselors: Mrs. Gershonovitz Ms. Heinemann Mr. Cavanagh Mr. Stevens Mrs. Wright

Senior year Timeline: Register for standardized test necessary for admissions in the fall ask for teacher letters of recommendation Complete the FAFSA Complete common application Submit applications online through Naviance account Common deadline: Nov 1, Nov 15, Dec 1. Jan 1, Feb 15 Guidance office will send your Mid year reports to all the colleges you applied to at the start of 2 semester Review acceptances – financial aid packages – spring semester you will start hearing from colleges Complete scholarship applications Deposit is due May 1 Guidance office will send your Final transcript to the college where you are attending.

“Answers to Your Most Commonly Asked Questions” Financial Aid 101 “Answers to Your Most Commonly Asked Questions”

1) I’m new at the “Financial Aid Game” 1) I’m new at the “Financial Aid Game”. What types of financial aid are available? Federal Aid Entitlement Program Pell Grant Stafford Subsidized Loan Stafford Unsubsidized Loan Parent Plus Loan Campus Based Programs SEOG Perkins Loan Federal Work Study

Types of Financial Aid Available New York State Aid TAP (Full Time Students Only) APTS (Aid for Part Time Study) Visit www.hesc.com Institutional Aid Merit Based Awards Need Bases Awards Endowment Scholarships Athletic Awards

2) How do we apply for the traditional forms of AID? Federal Aid Process File the Free Application for the Federal Student Aid (FAFSA) Receive Student Aid Report (SAR) SAR Correction Verification Red Flags Meet Recommended filing dates State Aid Process File the Tuition Assistance Program Application Express application TAP Award Certificate

3) How is financial aid awarded? Universities receive results from FAFSA Financial Formula: COA (Cost of Attendance)-EFC (Expected Family Contribution)= Financial Need Award Notice

4) Does the federal government impose loan limits on students? The Loan limits for Dependent Students: Freshman Subsidized Unsubsidized (0-32 Credits) $3500/year $2000/year Sophomore (33-64 Credits) $4500/year $2000/year Junior/Senior (65+ Credits) $4500/year $2000/year Aggregate limit for Dependent Students $31,500 No more than $23,000 of which cam be subsidized

Loan Limits Continued The Loan limits for Independent Students: Freshman Subsidized Unsubsidized (0-32 Credits) $3500/year $6000/year Sophomore (33-64 Credits) $4500/year $6000/year Junior/Senior (65+ Credits) $5500/year $7000/year Aggregate limit for Independent Students $57,500 No more than $23,000 of which can be subsidized

5)What alternative financing options are available? Outside Scholarships Website scholarship search Community Employment College Payment Plans Private Loans

Guide to Important Financial Aid Resourses on the Internet Apply for Financial Aid Online FAFSA on the web www.fafsa.ed.gov You can file your FREE application for Federal Student Aid online every year at this web site. We suggest that you carefully check the browser t\requirements to make certain that you can successfully file online. Reminder: our priority FAFSA filing deadline for undergraduates is Feb. 15th every year. Free Scholarship Search Services Online The following is a list of several web sites that provide information on. Outside scholarships are awarded based on a wide variety of different criteria, such as age, academics, need, organization affiliations, residence, major, etc. These sites should provide information on how and when to apply for scholarships you may be eligible for after you've entered some biographical & demographical info about yourself. Please allow sufficient time to actually apply as some scholarships have lengthy applications or require and essay. We have briefly screened the following web sites, but as always you should be wary of an web site that asks for sensitive info (e.g. Soc Sec#, credit card#) and scholarships programs that charges a fee to apply. Good Luck!

Outside Private, Federal, and State Scholarships Web Sites FASTWEB: www.fastweb.com EXPAN Scholarship Search(from the College Board): www.collegeboard.org CASHE-College Aid Sources for Higher Education(from Sallie Mae online): scholarships.salliemae.com or www.wiredscholar.com MACH 25(from CollegeNet): www.collegenet.com/mach25/ PLATO Scholarship Search: www.plato.org Scholarship.com’s Database: www.scholarships.com SRN (Scholarship Resource Network) Express: www.smexpress.com

Other Important Financial Aid Resources Online The Financial Aid Information Page: www.finaid.org This page provides a free, comprehensive, independent and objective guide to Student Financial Aid. It provides information on sources of aid, a scholarship scam alert listing, and alternative funding for special interest students (e.g. international students, disabled students, graduate students, minority students, etc.) Project EASI- Easy Access for Students and Institutions: www.easi.ed.gov This site was designed to assist students and families planning for postsecondary education. The subject is broken down into 4 specific topics- Planning for Education, Applying to College, Receiving Financial Aid, and Repaying your Student Loan. US Department of Education: www.ed.gov.offices/osfap/students At this site, general information regarding Financial; Aid I provided. Information available includes, Title IV Codes, Student Guide to Financial Aid, Direct Loans, etc.

Continued College is Possible: www.collegepossible.com A research guide for parents, students, and education professionals. This site provides info on helpful Books, web sites, and other important resources regarding financial aid. NASFAA(National Association of Student Financial Aid Admistrators):www.nasfaa.com The site includes the CASH for college publication online. This publication includes information on how to apply for financial aid, a definition of the expected family contribution, and how dependency status is determined. There is also an excellent description, here NYSFAAA(NY State Financial Aid Administrators Association): www.IJYSfaaa.org This site includes information of financial aid application procedures. Scholarship information and other resources are provided. You can also estimate your financial aid eligibility.