THIS MODULE IS DESIGNED TO HELP STUDENTS DEVELOP STRATEGIES TO FINANCE THEIR EDUCATION WITH THE END GOAL OF GRADUATING WITH THE LEAST AMOUNT OF STUDENT LOAN DEBT POSSIBLE. Financing an Education

Work Part Time On-campus jobs listed on Eastern Illinois University’s website On-campus  New jobs always showing up  Some have GPA requirements Off-campus jobs listed on Eastern Illinois University’s website Off-campus  Charleston/Mattoon Area  Work in person and/or work from home Any other job  Local Area  Commute

Expected Family Contributions How much is your family expected to contribute?  This form is used to calculate the Expected Family Contribution (EFC) and financial need, and to estimate your student financial aid. Are you considered “dependent” or “independent”?  This form is used to determine whether you are a dependent student or an independent student according to the Federal Need Analysis Methodology.

Scholarships Scholarships listed on Eastern Illinois University’s Website Scholarships  Never have to be paid back Each scholarship has different requirements  Financial need  Location based  GPA requirement  Paper Required  Etc

Grants Grants listed on Eastern Illinois University’s website Grants  Federal Pell Grant  Federal Supplemental Educational Opportunity Grant  Teach Education Assistance for College and Higher Education Grant  Monetary Award Program Grant Never have to be paid back

Loans Loans from the Federal Government Loans  Direct Subsidized Loans are loans made to eligible undergraduate students who demonstrate financial need to help cover the costs of higher education at a college or career school. Direct Subsidized Loans  Direct Unsubsidized Loans are loans made to eligible undergraduate, graduate, and professional students, but in this case, the student does not have to demonstrate financial need to be eligible for the loan. Direct Unsubsidized Loans  Direct PLUS Loans are loans made to graduate or professional students and parents of dependent undergraduate students to help pay for education expenses not covered by other financial aid. Direct PLUS Loans  Direct Consolidation Loans allow you to combine all of your eligible federal student loans into a single loan with a single loan servicer. Direct Consolidation Loans Private Loans  Sallie Mae, Wells Fargo, other banks, etc.  Commonly have higher interest rates than federal student loans

Fellowship/Apprenticeship Fellowship positions listed on Eastern Illinois University’s website Fellowship  The Fulbright U.S. Student Program  James Madison Graduate Fellowship  Knowles Science Teaching Foundation (KSTF) Teaching Fellowships  Carnegie Junior Fellows Program  Donald M. Payne International Development Fellowship Program  Charles B. Rangel International Affairs Program Graduate Fellowship

Graduate Assistantship Graduate Assistant positions listed on Eastern Illinois University’s website Graduate Assistant  Only available to graduate students  Monthly stipend  Tuition Waver