By the end of this workshop, I will be able to: Distinguish the difference between Financial Aid & FAFSA Name the types of financial aid Find the best opportunities to pay for college Access and apply for scholarships
Grants: money you don’t have to repay, typically based on financial need Scholarships: free money, usually based on your area of study or merit Work-Study or Student Employment Program: part-time campus jobs Fee Waivers: available at community colleges Loans: borrowed money that you must pay back, usually with interest
Federal Aid Federal Pell Grants FSEOG Loans Work-Study State Aid Cal Grants Fee Waivers Scholarships Private Aid Scholarships
It is an application from the federal government that helps a student pay for educational expenses at a postsecondary school (college) Based on financial need as determined by family size, income, number of siblings already in college, etc. Money can be used for tuition, school fess, books, supplies, room and board, and school transportation Apply January 1 – March 2
Requirements -High School Diploma (or in progress of) -Planning to Attend/Attending a college -Register for Selective Service (Males Only) Required Documents -Parent Tax Forms -Social Security Number (student & parent*) Deadlines March 2 nd (apply during your senior year, 12 th grade)
It is an application from the state of California that helps AB540 students pay for educational expenses at a postsecondary school (college) Based on financial need as determined by family size, income, number of siblings already in college, etc. Money can be used for tuition, school fess, books, supplies, room and board, and school transportation Apply January 1 – March 2
Requirements -High School Diploma (or in progress of), General Equivalency Diploma (GED), or pass California High School Proficiency Exam (CHSPE) -Planning to Attend/Attending a college -Register for Selective Service (Males Only) Required Documents -Parent Tax Forms Affidavit (Deferred Action for Childhood Arrivals-DACA) to legalize immigration status Deadlines March 2 nd (apply during your senior year, 12 th grade)
Out-of-state and/or non US citizen students may qualify for in-state tuition rates at UC, CSU and California Community Colleges › Completed at least 3 years of high school in California and › Graduated from a California high school or received your GED in California Check with your college admissions office Additional resources available at: › › _Scholarship_list.pdf _Scholarship_list.pdf 10
University of California (UC) California State University (CSU) Community Colleges Out of State Public Schools & Private Universities Due by March 2 Due by March 2 Deadlines Vary: See Counselor
Scholarships- is free money that you can receive because of academic merit, need, talent, skill, etc. Most Common Scholarships Need Based (economic circumstances) Merit Based (academic) Personal Quality Based(talent, skills, heritage, majors, etc) Requirements Requirements vary depending on scholarship
These scholarships are available to students whose economic situation make it difficult to pay for college Financial Need
These scholarships are available to students who excel in academics or contributed to academics Examples: › Grades › Test Scores › Academic Projects (research)
These scholarships are available to students with special talents, skills, or heritage
Best Resources 1 st -High School Counseling Office 2 nd -THINK Together Program 3 rd -Online Database (fastweb.com, etc)
$ Free resources college/grants-scholarships college/grants-scholarships
$ For Hispanic scholarships go to: (Hispanic Scholarship Fund) (Hispanic Education Endowment Fund) (Mexican American Legal Defense and Educational Fund (Salvadoran American Leadership & Educational Fund)
$ For African American scholarships go to: $ For Asian and Pacific Islander American scholarships go to: $ For Gates Millennium Scholarships go to:
$ For Native American scholarships go to:
Support programs vary from college to college which may help you with the following services: › Academic advising meetings › Tutoring › Book Vouchers, Meal Vouchers, Gas Cards, etc › Workshops Check with your college’s program to find more information. Examples: › EOPS/EOP › Adelante › Puente Program › More…
If you are working, start a school savings account and allocate a portion of your paycheck to go towards school Talk to your parents about financial aid options Research various college support programs to inquire about requirements Start applying to private scholarships
How would you compare and contrast FINANCIAL AID vs. FAFSA? How would you explain a need based scholarship to your parents? What approach would you use to gather the appropriate documents needed for financial aid? Would it be better if you received a subsidized or unsubsidized loan? And why?
Important Resources Connect with your institutions Create a plan with your advisor