Applying for and Understanding Financial Aid and Scholarships Show Me the Money Applying for and Understanding Financial Aid and Scholarships Ashley Coleman, University of Oregon

Agenda What is financial aid Cost of attendance Applying for Aid Resources to pay for college Grants & Scholarships Work-study Loans Quick tips Questions

What is Financial Aid? Funds provided to students & families to help them pay for post-secondary educational expenses Goal is to make college more accessible for families

Cost of Attendance (COA)

College Costs to Consider Both direct and indirect costs are accounted for in the cost of attendance These vary from college to college Direct Costs: Tuition & Fees, On-Campus Housing & Meal Plan Indirect Costs: Books & Supplies, Off-Campus Housing & Meals, Personal Expenses, Transportation, Computer Purchase

Average COA at Oregon Colleges

UO’s Cost of Attendance (2018-19) Tuition & Fees $11,898 On-Campus Housing $11,922 Total UO Direct Costs $23,820 Books & Supplies $ 1,146 Personal Expenses $ 2,034 Transportation $ 366 Grand Total $27,366

Applying for Aid

FAFSA FREE Application for Federal Student Aid Apply online at www.fafsa.gov beginning Oct. 1 Use 2017 tax year data for 2019-20 application Use Data Retrieval Tool (DRT) to eliminate error You’ll need an FSA ID to login & sign

New! FAFSA App Download the myStudentAid app for iPhone or Android

Who is Considered a Parent?

After Submitting the FAFSA Review submission screen for Federal Aid estimate

ORSAA DACA OregonStudentAid.gov Oregon Student Aid Application Revised: 8/14/2017 ORSAA Oregon Student Aid Application DACA For Oregon residents only For DACA and other undocumented students State of Oregon’s alternative to the FAFSA ORSAA opens October 1 The State of Oregon’s alternative to the FAFSA, called the Oregon Student Aid Application or ORSAA, is available to Deferred Action for Childhood Arrivals (DACA) students and other undocumented students. These students, though ineligible for federal aid, are eligible for the Oregon Opportunity Grant, the Oregon Promise Grant, and many OSAC scholarships. The ORSAA is an online application linked through the OSAC website, OregonStudentAid.Gov. It is a separate login from the OSAC student portal. NOTE for undocumented students, including DACA there are additional residency requirements. To be eligible for in-state tuition as well as Ford Family Foundation scholarships and the Oregon Opportunity Grant, undocumented students must meet all tuition equity requirements: Student attended an elementary or secondary/high school in Oregon during all three years immediately prior to earning a high school diploma or leaving school before earning a diploma. Student attended an elementary or secondary/high school in the United States for at least five years immediately prior to earning a high school diploma or leaving school before earning a diploma. Student received a high school diploma or GED in Oregon. Student certifies intention to become a U.S. citizen or lawful permanent resident. For In-state Tuition Undocumented students may be eligible for in-state tuition rates at public universities as long as they meet the additional eligibility requirements above. To apply, undocumented students must either complete an Affidavit and Request for Exemption from Nonresident Tuition and Fees, available at the Admissions Office of each Oregon public university OR submit an official copy of application for registration with a federal immigration program or federal deportation deferral program. OregonStudentAid.gov

CSS Financial Aid Profile Apply for non-federal financial aid from more than 400 colleges & scholarship programs Some colleges may require you to complete this application in addition to your FAFSA Only Reed College and Lewis & Clark in Oregon require the profile Available now for the 2019-20 year Complete at www.collegeboard.org

CSS Profile Apply for non-federal financial aid from more than 300 colleges & scholarship programs Some colleges, especially private colleges, may require you to complete this application in addition to your FAFSA www.collegeboard.org

CSS Profile continued The Profile is administered by the College Board. Colleges that use the Profile will indicate this on their websites, and provide a link to the Profile website: https://student.collegeboard.org/css-financial-aid-profile

CSS Profile continued About 300 colleges (mostly private, but a few public universities as well) require the CSS Profile to be completed for families applying for financial aid When the Profile is required, it is always in addition to the FAFSA Colleges use it to determine eligibility for institutional need-based aid, in addition to federal aid

Differences between the Profile & FAFSA Submission dates- Deadlines may vary Questions specific to each school Different methodology (Profile factors in if you own your own home for instance). In general, the Profile is more detailed. Profile requires a minimum student contribution Greater reliance on professional judgment Cost- Profile has a per-school fee ($25 for the first school, then $16). Fee waivers are available, and distributed automatically for eligible families. (source- www.finaid.org)

Completing the PROFILE financial aid application Your first step is to register for the PROFILE. Once you are registered, you'll be able to complete the PROFILE application (either the online version or the paper form). Some schools may require you to complete additional forms, such as the Business/Farm Supplement or the Noncustodial Parent's Supplement. Gather all the material you’ll need to answer the questions. For example, you will have to know the amounts for salary, dividend, and interest income; taxes paid; and the value of any savings and investments. After completing the application, you'll receive an acknowledgement summarizing your PROFILE information and listing your colleges. (source: Peterson’s College Guidebook)

I’ve Applied for Aid. What’s Next? Keep an eye out for emails from FAFSA Keep an eye out for emails & letters from the colleges you listed on your aid application(s) Your student will receive a financial aid award letter from each school they are accepted to The award letter details the cost of attendance and the financial aid they have been offered Compare award letters to find the best fit financially

Types of Aid

Options for Paying for College Savings, Including 529 Plans and IDAs Gift Aid Scholarships Grants Work-Study Federal Loans Subsidized student loan Unsubsidized student loan Parent PLUS loan Alternative Loans

Scholarships: Where To Look Colleges student is applying to OSAC (oregonstudentaid.gov) High school guidance office Parents’ workplace Local and national businesses Your church Community organizations National search engines Include name and UO ID on check

OSAC Funding Opportunities OSAC Scholarship Application opens November 1

Oregon Promise www.oregonpromise.org Renewable state grant that covers most tuition at any Oregon community college Awards for full-time students range from $1,000 to $3,687 per year, minus a $50 co-pay per term Application open now; deadline June 1, 2019 To qualify, you must: Receive an OR high school diploma or GED in spring or summer of 2019 Have been an OR resident for at least 12 months prior to community college enrollment Have a cumulative high school GPA of 2.5+ Accept all state and federal grants awarded Enroll at least half-time starting Fall term (June graduation) Eligibility may be subject to an expected family contribution (EFC) cutoff, check website for details

University of Oregon Scholarships Amount Qualifications Automatic? Summit $6,000/yr 3.8 GPA 1250 SAT/26 ACT Yes Apex $3,000/yr 3.6 GPA 1220 SAT/25 ACT General University Up to $2,000 Academic Stamps Full tuition & fees, food & housing and enrichment funds 3.85 GPA 1300 SAT/28 ACT No; 11/1 Admissions App; 11/15 Scholarship App Presidential $9,000/yr No; 2/1 Scholarship App Diversity Excellence $6,500/yr 3.0 GPA Financial Need

PathwayOregon Scholarship Ensures that your full tuition & fees are covered (without using loans) for four years if you qualify Oregon resident Graduate from an OR high school in last 2 years Admission as a first-time freshman Minimum 3.4 high school GPA Eligible for a Federal Pell Grant as determined by the FAFSA (complete FAFSA by February 15th) Students also receive academic support from dedicated advisors

Making the Most of Your Financial Aid Possibilities

Tips for Students & Parents Encourage your student to research and apply for scholarships In October, help your student file their FAFSA Make sure students are meeting all deadlines Talk to your student about a financial plan for college and what is affordable for your family Will you be able to contribute financially to your student’s education? Check out each college’s net price calculator If your financial situation has changed (job loss, less income), contact the financial aid office for assistance

Contact Information Ashley Coleman Assistant Director University of Oregon Office of Student Financial Aid & Scholarships 541-346-1158 ashleyjo@uoregon.edu

Questions?