ISMCollegePlanning.org Trusted Advice for Smarter Choices! Planning Ahead Can Save You Time & Money Funding Your Education Wisely

ISMCollegePlanning.org Trusted Advice for Smarter Choices! College Dreams 2

ISMCollegePlanning.org Trusted Advice for Smarter Choices! Wrong Choices May Ruin Dreams 3

ISMCollegePlanning.org Trusted Advice for Smarter Choices! Questions Will Arise 4

ISMCollegePlanning.org Trusted Advice for Smarter Choices! We’ll Help You Understand… Value and Cost of Postsecondary Education Choosing the Right Career & College for You Financial Aid Types & Sources The FAFSA How College Cost is Presented Social Media Next Steps 5

ISMCollegePlanning.org Trusted Advice for Smarter Choices! Value and Cost of Postsecondary Education TITLE SLIDE BLUE

ISMCollegePlanning.org Trusted Advice for Smarter Choices! The Value of Higher Education Source: Bureau of Labor Statistics, Current Population Survey 7 Source: Current Population Survey, U.S. Department of Labor, U.S. Bureau of Labor Statistics

ISMCollegePlanning.org Trusted Advice for Smarter Choices! Cost of Higher Education 70% of college graduates have college-related debt Average college related debt $35,200 50% are surprised by how much they owe Student Loan Debt has grown to $1.2 trillion as of June 2015 Fidelity, Cost-Conscious College Graduates - ( Federal Reserve Bank of New York – ( 8

ISMCollegePlanning.org Trusted Advice for Smarter Choices! Choosing the Right Career and College for You

ISMCollegePlanning.org Trusted Advice for Smarter Choices! Choosing Your Career Investigate career options using free online tools Find out if a career is right for you  Job Shadowing  Volunteering  Internships 10

ISMCollegePlanning.org Trusted Advice for Smarter Choices! Choosing Your School College Navigator Factors to Consider  Cost  Location  State, Region  Suburban, Urban, Rural  Size  Degree and Major Options  Religious Affiliation 11

ISMCollegePlanning.org Trusted Advice for Smarter Choices! Choosing Your School 12 Wealth of Information  Admissions Profile  Average Cost by Income Ranges  Graduates per Program  Campus Safety Statistics

ISMCollegePlanning.org Trusted Advice for Smarter Choices! The Right Choice The key is finding a school that offers the right major AND is a good fit! Changing majors or schools may add extra years to college, which means extra expenses 13

ISMCollegePlanning.org Trusted Advice for Smarter Choices! Financial Aid Sources and Types

ISMCollegePlanning.org Trusted Advice for Smarter Choices! Sources of Funds 15 Federal Government State Government College/University Private Donors

ISMCollegePlanning.org Trusted Advice for Smarter Choices! Types of Financial Aid Gift Aid  Scholarships  Grants Self-Help  Employment (Work Study)  Savings  Loans 16

ISMCollegePlanning.org Trusted Advice for Smarter Choices! Scholarships Colleges & Universities  Need Based versus Merit Based Local & Community  Private Businesses, Community Foundation, Civic Organizations, Church Groups, School Counselor, Place of Employment FREE National Search Sites 17

ISMCollegePlanning.org Trusted Advice for Smarter Choices! Scholarship Tips Create Scholarship Resume Get Organized  Scholarship folder  Sample essays  Identify deadlines  Balance Time Beware of Scams 18 Spend 2-4 hours per week searching for scholarships

ISMCollegePlanning.org Trusted Advice for Smarter Choices! Scholarships – Get Creative! There’s something for everyone! Have fun searching your favorite things. 19

ISMCollegePlanning.org Trusted Advice for Smarter Choices! Grants Federal  Federal Pell Grant (Max: $5,775)  Federal Supplemental Educational Opportunity Grant (FSEOG) ($1k – $4k)  TEACH Grant ($4,000) State  21 st Century Scholars  Frank O’Bannon Grant College or University 20

ISMCollegePlanning.org Trusted Advice for Smarter Choices! Benefits of Work-Study  Money can be used for education related expenses to help keep debt down  Money earned won’t count against you on your FAFSA the next year  Gain experience and references Saving for College  Investigate Savings Plan Options  Set a savings goal  Continue saving through college Work-Study & Savings 21

ISMCollegePlanning.org Trusted Advice for Smarter Choices! Remember Loans MUST Be Repaid! Education Loans Federal Direct Loan (4.29%, 1.068% fee)  Subsidized  Unsubsidized Federal Parent Loan for Undergraduate Students (PLUS) (6.84%, 4.272% fee) Private Education Loans (Varies) 22 (Interest Rate for loans disbursed on or after 7/1/15, Loan Fees for loans disbursed between 10/1/15 – 9/30/16)

ISMCollegePlanning.org Trusted Advice for Smarter Choices! Free Application for Federal Student Aid (FAFSA) TITLE SLIDE BLUE

ISMCollegePlanning.org Trusted Advice for Smarter Choices! FAFSA.gov 24

ISMCollegePlanning.org Trusted Advice for Smarter Choices! The Importance of the FAFSA Free Application for Federal Student Aid (FAFSA) Currently the the Most Important form when applying for Financial Aid Basis for determining eligibility for:  Federal Funds (Grants, Scholarships, Loans and Work Study)  State of Indiana (Grants and Scholarships)  Potential Institutional Funds (Need-Based) Determines EFC 25

ISMCollegePlanning.org Trusted Advice for Smarter Choices! What is EFC? EFC = Expected Family Contribution. Two components:  Parent contribution  Student contribution Calculated using data from the FAFSA and a federal formula. Amount family can reasonably be expected to contribute to the student’s education. Stays the same regardless of college. 26

ISMCollegePlanning.org Trusted Advice for Smarter Choices! How College Cost is Presented

ISMCollegePlanning.org Trusted Advice for Smarter Choices! Net Price Calculators Provide estimates of Financial Aid Packages to help families make informed decisions Cost of Attendance – Gift Aid (Grants & Scholarships) = Net Price Colleges are required to include a net price calculator on their website 28

ISMCollegePlanning.org Trusted Advice for Smarter Choices! Net Price Calculators 29

ISMCollegePlanning.org Trusted Advice for Smarter Choices! Sample net price calculator data from an Indiana public institution 30

ISMCollegePlanning.org Trusted Advice for Smarter Choices! Expected Salary & Debt Impact Investigate your expected salary   Hoosier Hot 50 Jobs Understand the impact of borrowing  Student Loan Game Plan 31

ISMCollegePlanning.org Trusted Advice for Smarter Choices! Simple Comparisons School ASchool B Cost of Attendance* Federal Gift-Aid State Gift-Aid Institutional Gift-Aid Other Gift-Aid Work-Study Loans Direct Subsidized Direct Unsubsidized PLUS Loan Private Loan Total Loans Other * Includes Tuition, Room and Board, Supplies, and Other Costs 32

ISMCollegePlanning.org Trusted Advice for Smarter Choices! Comparison Tips Federal aid typically the same but may vary State aid varies based on school type and grant program Institutional aid varies from school to school Review the impact of housing options on both cost and aid Remember to include your EFC when comparing college costs 33

ISMCollegePlanning.org Trusted Advice for Smarter Choices! Social Media

ISMCollegePlanning.org Trusted Advice for Smarter Choices! Professional Online Presence Appropriate address, such as Review social media accounts removing inappropriate material and anything that may be misinterpreted. Be engaging and personal 35

ISMCollegePlanning.org Trusted Advice for Smarter Choices! Evaluation of Scholarship Applicants When reviewing a scholarship applicant’s online presence, the scholarship providers look for the following information:  To determine whether the applicant demonstrates good judgment (58%)  Provocative or inappropriate photographs or remarks (58%)  Illegal activities, such as underage drinking and use of narcotics (50%)  To get to know the applicant better (42%) 36 Survey of 300 National Scholarship Providers Association (NSPA) members who provide more than $1 Billion in scholarships

ISMCollegePlanning.org Trusted Advice for Smarter Choices! Evaluation of Scholarship Applicants Scholarship providers review online content  25% of scholarship providers selected an applicant  33% denied an applicant a scholarship 37

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ISMCollegePlanning.org Trusted Advice for Smarter Choices! ISMCollegePlanning.org 39

ISMCollegePlanning.org Trusted Advice for Smarter Choices! We’ll Help… Provide us with your Name and and we’ll provide you with advice on…  Investigating the right career path  Choosing the right college  Searching for scholarships  Completing financial aid forms, and more! Get started now at: ISMCollegePlanning.org 40

ISMCollegePlanning.org Trusted Advice for Smarter Choices! What do I do now? Stay in touch with school counselor Register for and take SAT and/or ACT Begin scholarship searches Pay attention to applications & deadlines Go on campus visits Attend college fairs 41

ISMCollegePlanning.org Trusted Advice for Smarter Choices! ISM on Social Media Facebook  Twitter Others  Instagram –  Pinterest

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