WELCOME TO FINANCIAL AID Presented to you by: Mary Lou Harbin, College & Career Counselor Conroe High School

What is Financial Aid? Types of Financial Aid are: Scholarships Grants Employment opportunities (work study) Loans

Categories of Financial Aid Merit Based 1. Has a qualifying criteria such as contest, specific performance in writing, speeches, projects, writing contests. 2. Past High School achievements in academics, sports, leadership, participation in school and community service Need Based 1.How much money can I get? There are three main rules to consider… a.It is the family’s primary responsibility to pay for college (in so far as you are financially able to do so) b.Your out of pocket expenses should be about the same (EFC) c. You will qualify for more aid at a higher cost school (NEED)

Need Based Aid Definition of need is: Cost of Attendance (Year) (-) Expected family contribution (=) Equals need

Cost of Attendance Tuition and fees Books and supplies Room and Board Transportation Miscellaneous Personal Expenses Study aboard & special materials Computer cost Dependent care

Example of Need Based Aid School ASchool B COA ($2,500)COA ($20,531) EFC($12,000)EFC ($12,000) No Need$8,531 (Notice that as the cost increases, the need increases)

Applying for Financial Aid Free Application for Federal Student Aid (FAFSA) Get a pin Number Now for You and your parent Go to You can use Or FAFSA worksheet to get An idea of what your EFC would be And to help you gather items You will need to complete the application online. Jan. 1, 2011 Go to (paper applications only per student request)

Financial Aid Package/Award Letter COA at the college/university Minus EFC Minus Pell Grant (income of $50,000 or less, can qualify for $400- $5500) if received ) Minus ACG (freshman, top 10%, Dist. Achievement Diploma) or SMART (Soph. - if PELL eligible & 3.0 $1300, Junior/senior if PELL eligible & 3.0 GPA $4,000 ) Minus Scholarships (if any) Minus Campus-based federal/state grants (if any) Minus Work Study Minus Loans

Federal Aid Pell Grant ($5800-9/2011) Academic Competitiveness Grant (ACG) Science & Math Access to Retain Talent (SMART) Supplemental Education Opportunity Grant Federal Work Study Perkins Loan Program FFELP Loan Program (Federal Family Education Loan Program- Stafford Loan/Plus Loan) Direct Loan Program (

FAFSA Parent & Student Workshop Need help completing the FAFSA? Come and join us for our FAFSA workshop Night. We will have Financial aid counselors available to help you complete your FAFSA. Save the Date: Feb. 10, 2011 from 6:00 pm- 8:00 pm, in the CCC, we will hold a second session on March 8, 2011 Please remember to bring with you copies of w- 2s, if you have it a copy of your , investment information Our Goal is for you walk out of here with your FAFSA Completed!!!!!!!

Remember Financial Aid and student’s hard work go together to make financial aid work for the student.

Mary Lou Harbin, Counselor, College & Career Center College & Career Center Hours: Monday – Friday 7:00 am – 3:00 pm