Financial Aid Night2013 Hinsdale South Guidance Department
Review Planning Phase Assess Affordability based on reasonable borrowing Match that up with approximate net prices of colleges Create financial fits
Execution Phase Organize self financially What information is needed How will this information be viewed
Variables that Drive the EFC Parent’s Income Student’s Income Parent’s Assets Student’s Assets
Filing the FAFSA January 1 st, 2014 Updating your Student Aid Report Signing the document with PINS
The CSS Profile How is the Profile Different? When is the Profile filed?
Divorced Households FAFSA rules Profile exceptions
Independent Students Ward of court Homeless 24 or older Graduate / not undergrad Military
FAFSA key numbers EFC leading to Pell Grant EFC leading to MAP EFC leading to College Grant Filing leading to loans and work
Direct Student Loan (stafford) Subsidized Unsubsidized Promissory note and loan counseling
Campus Employment Federal Work Study Part time jobs Student has to be the aggressor
Appeal Process When can you appeal? How do you appeal?
Analyze Award Letters Merit money (scholarships) Need based college grant money Federal and/or state grant money Student loan (automatic) Campus employment (available when student takes active role) Final College Decision – May 1
The Conversation Not negotiating Demonstrate systematic review of affordability Only proceed if number one choice is close
Independent Scholarship Senior checklist Regional options via website Fastweb.com for national data base
Parent Loan options PLUS Equity of home Private Student Loan 401k (403b) loan College acts as a bank