COMMUNITY COLLEGES –Approximately $ 4,000 to $ 15,000 CALIFORNIA STATE UNIVERSITY –Approximately $ 13,000 to $ 17,000 UNIVERSITY of CALIFORNIA –Approximately $ 17,000 to $ 21,000 PRIVATE COLLEGES –Range from $ 18,000 to $ 48,000

Cost of Attendance includes: – tuition (usually private schools) – books (sometimes $100 per book or more) – fees (registration & adminstration costs) – supplies (computer, notebooks, etc.) – housing and food (dorm, cafeteria, etc.) – transportation (car, gas, insurance, bus) – personal and other educational expenses Does not include all the extras (concerts, iPod, vacations, etc.)

COST OF ATTENDANCE COST OF ATTENDANCE – (COA) -EXPECTED FAMILY CONTRIBUTION (EFC)EXPECTED FAMILY CONTRIBUTION (EFC) = FINANCIAL NEED (eligibility)FINANCIAL NEED The college will attempt to offer FINANCIAL AID to meet your calculated FINANCIAL NEED

The EFC is calculated by the federal processor… –Family Income (guardians in the home) –Family Assets (homes, investments, etc.) –Number in Household (dependents) –Number Attending College (dependents)

UC (UC Santa Barbara) CSU (CSU Channel Islands) Private (Cal Lutheran) CC (Ventura College) Budget20,00013,00035,00010,000 EFC (example) 5,000 Financial Need 15,0008,00030,0005,000

GIFTED AID (don’t repay) Scholarships –Income, Merit or Combination Grants SELF HELP AID (earned/borrowed) Work Study Program Loans (Subsidized or Non-subsidized) –Student –Parent

PELL Grant BASED ON: Cost of Attendance – COA Expected Family Contribution – EFC Enrollment status FSEOG – F ederal S upplemental E ducational O pportunity G rant Campus Based Aid Priority – Exceptional Financial Need

Federal ACG Grant Academic Competitive Grant Year One - $ Year Two - $ 1, Federal SMART Grant Science and Math Access to Retain Talent Up to $ 4, for 3 rd and 4 th years only

California resident US Citizen or eligible non-citizen Meet US Selective Service requirements California colleges only At least half-time enrollment Maintain satisfactory academic progress Family income and asset limitations

Based On – Student educational goals – Un-weighted GPA in 10 th and 11 th grade – Income criteria – Community College Transfer – Vocational Programs

Cal Grant A Four year colleges 3.0 GPA Cal Grant B Two year colleges 2.0 GPA Cal Grant C Trade and Vocational Schools

Student Driver’s License Student Alien Registration card Student and Parent –Social Security cards –W-2 forms and other records of money earned –Records of untaxed income –Current bank statements –Business, farm and other real estate records –Records of stocks, bonds and other investments Getting Ready...

Staying Organized... Create a file Keep copies of all documents and records used to complete the FAFSA Keep copies of all applications and forms submitted

About Applications... Read all application instructions If planning to submit paper FAFSA –Use pen with black ink –Print clearly in CAPITAL letters –Fill in ovals completely –Do not leave blanks (unless directed to) –Do not write comments anywhere on form –Do not use correction fluid FAFSA can be completed online 1 5 E LM S T

Notes in Closing... Don’t rule out a school just because of cost. Apply to one or two financially “safe” schools. Talk about family’s financial realities. Meet ALL deadlines. Keep copies of all forms filed. “Guess-ti-mate” if necessary. Student loans are a way of life. Families should save as much as they can- no amount is too small. Plan ahead. Appeal if circumstances change. Look at all financing options- start with those offered by the college at which student enrolls. Don’t assume- ASK!