Hill Country University Center Fredericksburg
Financial Aid Cost of Attendance Overview Considerations Components Direct & Estimated
WHAT IS FINANCIAL AID? Types of Financial Aid Scholarships Grants Work Study Loans
THE FAFSA Determines eligibility for federal student aid. May also be used to determine state and institutional aid. Requires income information for most recent tax year (2017 for the 2019-20 FAFSA). Calculates financial need based on certain factors, including (but not limited to) income, household size and number in college. EFC (Expected Family Contribution)
REQUIRED INFORMATION / DOCUMENTS Create FSA ID for student and parents (first time) Use previous FSA ID if already created SAVE ID & PASSWORD INFORMATION!!! Income & tax information including 1040 forms, tax return transcripts, W-2s, etc. Untaxed income (child support, interest, etc.) Asset information (cash, checking, savings, investments, etc.) IRS Data Retrieval Tool
INDEPENDENT OR DEPENDENT? To be considered independent on the FAFSA, a student must meet one of the following: At least 24 years old Married Graduate or Professional student Providing support (greater than half) for dependent(s) A veteran or member of the U.S. armed forces Orphan, ward of the court, emancipated minor
TIMELINE Starting July 1: Applications Accepted / Apply Texas October 1: FAFSA available / Pursue Scholarships December 1: TTU scholarship deadline Dec - April: TTU financial aid awards sent out June – August: Orientations July – Bill for the fall semester is sent out August – Financial aid disburses 10 days before classes start
SAT / ACT Scores SCHOLARSHIP TIPS Apply for anything and everything! If you are receiving numerous emails from scholarship searches, set up a scholarship-only email account. Research your field of study. Check websites of individuals or companies that are leaders in that field of study. Check websites of major companies for scholarship opportunities. Check with organizations that you or your family may belong to, such as civic groups, churches and employers. Keep your resume, essays and letters of recommendation updated and in an easy-to-access location. SAT / ACT Scores
SCHOLARSHIP RESOURCES www.scholarships.ttu.edu https://jlvcollegecounseling.com/scholarships/ www.fastweb.com www.nerdwallet.com/nerdscholar/scholarships www.scholarships.com www.petersons.com/college-search/scholarship-search.aspx https://bigfuture.collegeboard.org/scholarship-search Colleges, departments and organizations on your campus Local/civic organizations Various companies
EXTERNAL SCHOLARSHIP EXAMPLES American Fire Sprinkler Association Scholarship Program Annual Create-A-Greeting-Card $10,000 Scholarship Contest Asparagus Club Scholarship Copyright Awareness Scholarship Kor Memorial Scholarship and Starfleet Academy Scholarship Llama Association National Candy Technologists Scholarship National Marbles Tournament Scholarship Slam What You Will Poetry Scholarship “Stuck at Prom” Scholarship Tall Clubs International Student Scholarships Theodore Gordon Fly Fishers Fund Scholarship Vegetarian Resource Group Scholarship
ODDS AND ENDS TASFA (Texas Application for State Financial Aid) Subsidized v. Non-Subsidized Loans Parent Plus Loans Accepting and Declining Awards Amending/Updating FAFSA Information FERPA (Family Educational Rights and Privacy Act) COST OF ATTENDANCE
TEXAS TECH 2018-2019 COST OF ATTENDANCE (Resident) Lubbock (Main) Campus Tuition and Fees Room and Board Books and Supplies Transportation Costs Miscellaneous Expenses Total Cost of Attendance University of Texas at Austin $26,294 Texas A&M University $27,888 Baylor University $62,516 University of Michigan $64,386 Harvard $76,650 $ 11,046 $ 9,772 $ 1,200 $ 2,300 $ 2,120 $ 26,438 DIRECT COST TO THE STUDENT $22,018
Cost of Attendance Considerations Regional Campus Fredericksburg / Marble Falls Cost of Attendance Considerations Cost to Attend Average College Cost Per Year (Texas Public State Universities) 2018/2019 CTC TTU Tuition/Fees $ 9,265 $ 3,390 $ 11,046 Books/Supplies $ 1,237 $ 1,500 $ 1,200 Room/Board $ 9,309 ? Transportation $ 2,122 Other $ 2,179 Total $ 24,112 $ 4,890 $12,226 * Source: College for All Texans from the Office of Student Financial Aid Average: $24,112 x 4 years = $96,448 CTC: $4,890 x 2 years = $9,780 TTU: $12,226 x 2 years = $24,492 Total Regional Cost (4 years) = $34,272 *Plus unknown for R/B, Transportation, and Other
Transfer Scholarships Available To Full Time Student Transfers Scholarship Name Academic Requirements Award Amount Renewal Requirements Proven Achievers Scholarship 60 transferable hours plus 3.5 GPA from a community college $13,000 @ $3,250 per semester for up to 4 semesters 3.25 GPA and 12 earned hours per semester President's Transfer Scholarship Texas residents with 30 transferable hours + 3.0 GPA from a community college, and financial need as evidenced by the FAFSA $9,000 @ $2,250 per semester for up to 4 semesters 3.0 GPA and 12 earned hours per semester, financial need as evidenced by the FAFSA * Transferable hours exclude credit hours earned from AP, CLEP, or military credits
Things To Remember Federal Student Aid: studentaid.ed.gov Federal Pell Grant Federal Supplemental Educational Opportunity Grant (FSEOG) Teacher Education Assistance for College and Higher Education Grant (TEACH) Federal Student Loans Filling out the FAFSA: fafsa.ed.gov Need tax return Need student's SSN New or Renewal option needs to be logged in using student’s information How much money you have in your bank account, investments, real estate not your home Use student’s id and password to fill out form Parents id and password for income tax retrieval tool and to sign the FAFSA State Financial Aid: collegeforalltexans.com FAFSA reports information to the State Student Assistance Agency Texas Educational Opportunity Grant Program (TEOG) Texas Public Educational Grant Program (TPEG) Top 10 Percent Scholarship Program Toward Excellence, Access and Success Grant Program (TEXAS Grant) Tuition Equalization Grant Program (TEG) Tax Credits for Higher Education Expenses: www.irs.gov/publications/p970 American Opportunity Credit – Up to $2,500 Lifetime Learning Credit – Up to $2,000
CONTACT INFORMATION Lance Pickle lance.pickle@ttu.edu Admissions Counselor Texas Tech University at Highland Lakes Texas Tech University at Fredericksburg www.hillcountry.ttu.edu (806) 834-2580 www.financialaid.ttu.edu www.scholarships.ttu.edu @TTUFinancialAid TTU Financial Aid
Questions?