Paying For College 202. Presented by… Student Financial Services.

Slides:



Advertisements
Similar presentations
National Association of Student Financial Aid Administrators © NASFAA 2011 What You Need to Know about Financial Aid.
Advertisements

National Association of Student Financial Aid Administrators Presents … © 2013 NASFAA What You Need to Know About Financial Aid.
Paying For College 101 Can I afford it? How much will it cost? What is financial aid? FAFSA, when do I apply? Where can I get it? Who can help me?
National Association of Student Financial Aid Administrators Presents … © 2013 NASFAA What You Need to Know About Financial Aid.
What You Need to Know About Financial Aid Remember It is NOT too late to apply for Financial Aid. Every student should apply… ….even students whose parent’s.
Paying For College 202 School Name January 25, 2011.
What You Need to Know about Financial Aid
National Association of Student Financial Aid Administrators © NASFAA 2011 What You Need to Know about Financial Aid.
National Association of Student Financial Aid Administrators © NASFAA 2009 What You Need to Know About Financial Aid.
Paying for college Financial aid overview
Three Important Tips Be Aware of Deadlines File the Free Application for Federal Student Aid (FAFSA) Apply for Scholarships.
National Association of Student Financial Aid Administrators © NASFAA 2010 What You Need to Know about Financial Aid.
Application & Eligibility Laura Daly Associate Director of Financial Aid.
What You Need to Know About Financial Aid. Topics We Will Discuss Tonight What is financial aid? Cost of attendance (COA) Expected family contribution.
Academic Year Jessica Petrie Financial Aid Coordinator Penn State York.
Financial Aid Cindy Griffin Assistant Director Rollins College.
National Association of Student Financial Aid Administrators Presents … © 2014 NASFAA Financial Aid Basics.
The Financial Aid Process Paying for College Marla Sweningson Financial Aid Counselor George Fox University.
National Association of Student Financial Aid Administrators Presents … © 2013 NASFAA What You Need to Know About Financial Aid.
National Association of Student Financial Aid Administrators Presents … © 2013 NASFAA What You Need to Know About Financial Aid.
National Association of Student Financial Aid Administrators Presents … © 2013 NASFAA What You Need to Know About Financial Aid.
Collegezone.com The trusted source for college information. Paying for College The Financial Aid Process.
What You Need to Know About Financial Aid. Topics We Will Discuss Tonight What is financial aid? How do you apply? Forms? Deadlines? How is eligibility.
All YOU NEED TO KNOW ABOUT APPLYING FOR FINANCIAL AID.
National Association of Student Financial Aid Administrators Presents … © 2014 NASFAA What You Need to Know About Financial Aid December 3, 2014 Presented.
FINANCIAL AID BASICS. DEFINITION OF FINANCIAL AID Financial aid consists of funds provided to students and families to help pay for postsecondary educational.
National Association of Student Financial Aid Administrators Presents … © 2014 NASFAA What You Need to Know About Financial Aid.
Sharon L Harper Director of University Scholarships University of Colorado Denver.
National Association of Student Financial Aid Administrators Presents … © 2014 NASFAA What You Need to Know About Financial Aid at Prince George HS Presented.
National Association of Student Financial Aid Administrators Presents … © 2013 NASFAA What You Need to Know About Financial Aid Presented by Brian Lemma.
1 IUPUC.  Financial Aid: Funds provided to student/families to help pay for postsecondary educational expenses  (or
National Association of Student Financial Aid Administrators © NASFAA 2011 What You Need to Know about Financial Aid.
Financial Aid Night Presenter Name Presenter Title Presentation Date.
National Association of Student Financial Aid Administrators Presents … © 2014 NASFAA What You Need to Know About Financial Aid.
Financial Aid / Student Loans. Student Loans  a loan obtained to pay for education bills in which the payments are delayed until after graduation.
FINANCIAL AID UC Santa Cruz, Cabrillo and Cal State Monterey Bay Present.
 The government’s philosophy is that you are a “dependent” until age 24, get married, have children of your own, and/or serve in the military.  The parent/adult.
Student Financial Aid Kent State University 103 Schwartz Center
National Association of Student Financial Aid Administrators © NASFAA 2010 What You Need to Know about Financial Aid.
 What is goal of financial aid?  How do I apply?  How is financial need determined?  What aid is available?  What is the role of the financial aid.
Paying For College 202 Federal Aid PIN – FAFSA – Institutional Forms Note: Communicate with each college to inquire.
National Association of Student Financial Aid Administrators © NASFAA 2008 What You Need to Know About Financial Aid.
National Association of Student Financial Aid Administrators © NASFAA 2009 What You Need to Know About Financial Aid.
National Association of Student Financial Aid Administrators Presents … © 2015 NASFAA What You Need to Know About Financial Aid.
What You Need to Know About Financial Aid. TOPICS WE WILL DISCUSS  What is financial aid?  Cost of attendance (COA)  Expected family contribution (EFC)
National Association of Student Financial Aid Administrators Presents … © 2015 NASFAA What You Need to Know About Financial Aid.
What You Need to Know THE FINANCIAL AID PROCESS.
Financial Aid 101 EVERYTHING YOU NEED TO KNOW ABOUT FINANCIAL AID.
National Association of Student Financial Aid Administrators Presents … © 2014 NASFAA What You Need to Know About Financial Aid.
Chandler Unified School District Presents….. Tim Wolsey Financial Aid Director Chandler Gilbert Community College.
FINANCIAL AID 3 EASY STEPS Amy Gooden- Muskingum University.
Senior Presentation. Financial Aid (What is it?)  Financial aid is money given or loaned to help pay for college.  It can come from federal & state.
Michele Rizzo Assistant Director of Student Financial Services Canisius College Financial Aid Presentation ST. JOSEPH’S COLLEGIATE INSTITUTE.
Chandler Unified School District Presents….. Nanci Regehr Financial Aid Director, Rio Salado College.
National Association of Student Financial Aid Administrators Presents … © 2015 NASFAA What You Need to Know About Financial Aid Presented By: Dr. Linda.
National Association of Student Financial Aid Administrators © NASFAA 2010 What You Need to Know about Financial Aid.
National Association of Student Financial Aid Administrators Presents … © 2015 NASFAA What You Need to Know About Financial Aid.
National Association of Student Financial Aid Administrators © NASFAA 2009 What You Need to Know About Financial Aid.
WELCOME PARENTS Financial Aid Meeting January 30, 2012.
Financial Aid 101. Applying for Federal Aid Pell Grants Federal Supplemental Educational Opportunity Grants Federal Perkins Loans Federal.
National Association of Student Financial Aid Administrators What You Need to Know About Financial Aid © NASFAA 2008.
Boys Division Lunch Groups October 24, Federal Student Aid, ensures that all eligible individuals can benefit from federally funded financial assistance.
National Association of Student Financial Aid Administrators Presents … © 2015 NASFAA What You Need to Know About Financial Aid.
National Association of Student Financial Aid Administrators Presents … © 2016 NASFAA What You Need to Know About Financial Aid.
What You Need to Know about Financial Aid
What You Need to Know About Financial Aid
What You Need to Know about Financial Aid
Topics to discuss What is financial aid? Cost of Attendance
What You Need to Know About Financial Aid
What You Need to Know About Financial Aid at Prince George HS
Presentation transcript:

Paying For College 202

Presented by… Student Financial Services

Free Money Earned Money Borrowed Money Types of Financial Aid Grants & Scholarships Loans Work-Study (Student Labor)

Pell Grant * $5,550 Supplemental Education Opportunity Grant * $4,000 (AU Max. = $1,000) U.S. Department of Education * FAFSA Required Federal Financial Aid Programs

Perkins Loan 5% fixed, 9 month grace period (AU Max.= $1,500) Stafford Loans 5.6% fixed, Subsidized, 6 month grace period 6.8% fixed, Unsubsidized, 6 month grace period PLUS Loan 7.9 % fixed, within 60 days after last disbursement, unless a deferment is requested Know Borrowers Rights & Responsibilities Loan Repayment Deferment & Forbearance Entrance & Exit Counseling Consider Subsidized vs. Unsubsidized Interest Rate Grace Period Federal Loan Programs U.S. Department of Education

Federal Aid PIN FAFSA Institutional Forms Other Note: Communicate with each college to inquire about steps you need to take to have a complete application. Applying for Financial Aid

While completing FAFSA, applicant may submit real-time request to IRS for tax data IRS will authenticate taxpayer’s identity If match found, IRS sends real-time results to applicant in new window Applicant chooses whether or not to transfer data to FAFSA Available end of January 2011 for processing cycle Participation is voluntary Could reduce documents requested by financial aid office Not available to applicants with a recent change in marital status IRS Data Retrieval

Parent and student Social Security Numbers Divorced/remarried parental information Income earned by parents/stepparents Untaxed income U.S. income taxes paid Household size Number of household members in college Real estate and investment net worth Frequent FAFSA Errors

Steps for Students 1.Start planning for the future now 2.Complete the admission process 3.Apply for PIN and complete FAFSA 4.Receive, revise and edit the Student Aid Report (SAR) 5.Consider award letters 6.Respond to college offers 7.Advise school(s) of external scholarships 8.Renew the FAFSA every year!

Student Financial Services