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Published byBrittney Muriel McCoy Modified over 9 years ago
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CAL-SOAP PRESENTS… Financial Aid Basics
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How much does college cost?
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Registration Fees Only University of California $13,200 California State University $7,025 California Community College $1,104 Private Universities $32,100
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University of California Total $33,000 Fees/ Tuition $13,200 Books and supplies $1,550 Room and board $13,400 Transportation $1,300 Miscellaneous $3,550
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Cal State Total $24,394 Fees/ Tuition $7,025 Books and supplies $1,666 Room and board $10,924 Transportation $950 Miscellaneous $3,829
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Community College Total $15,129 Fees/ Tuition $1,104 Books and supplies $1,675 Room and board $7,900 Transportation $1,200 Miscellaneous $3,250
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How do I pay for college?
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Paying for Your Education Federal Aid Grants Scholarships Loans Personal Savings
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Free Application for Student Aid Federal and State Financial Aid What is FAFSA?
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Make-or-Break Criteria We provide information about: Postsecondary Education FAFSA Financial Aid Package State Grants Federal Student Grants College and University Grants Federal Work Study Loans
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How the FAFSA determines your Financial Aid The amount of money you receive is based on your Expected Family Contribution (EFC) EFC= The amount your family is expected to pay for your college based on family income Total Cost of Attendance Expected Family Contribution (EFC) Financial Need
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For Example You have 3 colleges in mind UCSD [living on campus] UCSD [living on campus] $31,700 $23,444 SDSU [living on campus] SDSU [living on campus] $1,000 Mesa College [living at home] Mesa College [living at home] $1,000 $30,700 $22,444 $11,445 Cost of Attendance EFC Financial Need $1,000 $10,445
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College Costs in Thousands COA EFC Federal Eligibility COA - EFC = Federal Eligibility Cost of Attendance – Expected Family Contribution = Federal Eligibility 30 20 0 10 15 (For grants, scholarships, work-study, and loans) (Tuition/fees, residence, meals, books, transportation, and personal expenses) (9)
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Cal Grants Cal Grant A Cal Grant B 3.0 High School GPA Financial Need determined by FAFSA 2.0 High School GPA Financial Need determined by FAFSA
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Cal Grants Cal Grant C Technical and career students Financial Need determined by FAFSA Cal Grant C Supplement Form
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Loans Subsidized Unsubsidized Private Student Federal Private Parent
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Institutional Grants Work Study Determined by individual college based on financial need Awarded by individual college Work On/Off Campus Amount received only if you work Institutional Grants & Work Study
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What should I do next?
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Student and a Parent MUST get a PIN number to sign FAFSA online! Get your PIN numbers NOW! www.pin.ed.gov
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Apply January 1 st - March 2 nd First come first serve! Complete the FAFSA at www.fafsa.ed.gov
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Documents Needed to Complete FAFSA Social Security # Financial Records/ Tax Return Forms Email Address Driver’s License Number (if you have one
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Deadline for submission is March 2, 2013 Begin submitting November 2012 Submit GPA Verification Form electronically or by mail Supplemental forms for Cal-Grant
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Can use at a college outside California Maintain 2.0 GPA Have financial need certified by school Began Foster care between ages 16-22 California Chafee Grant for Foster Youth Eligibility
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How to apply for Chafee Grant 1 Obtain PIN www.PIN.ed.gov 2 Complete FAFSA application www.fafsa.ed.gov 3 Complete Chafee Application www.chafee.csac.ca.gov
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Both Students and Parents must apply for a PIN www.pin.ed.gov Step 1 Complete the FAFSA online before March 2 www.fafsa.ed.gov Step 2 FAFSA PROCESS SUMMARY
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Review your Student Aid Report (SAR) and California Aid Report (CAR) Receive financial aid packages from each of your colleges of interest Step 3 Step 4
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DREAM ACT STUDENTS (no social security #) Submit Application Online Beginning January 1 st Due March 2 nd www.caldreamact.org ***DO NOT USE FAFSA APPLICATION
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Dream Act Eligibility Requirements File an affidavit with college or university stating that you intend to file and application to legalize your immigration status Graduate from a CA High School Attend a CA High School for 3 or more years 1 3 2
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www.scholarships.com www.collegenet.com www.fastweb.com www.sandiegocalsoap.com www.collegeboard.com www.maldef.org (AB 540) Finding Scholarships
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CSS/ Financial Aid Profile: Private Colleges Financial aid application administered by the College Board Required by some independent colleges and scholarship organizations to award private aid Available online at https://profileonline.collegeboard.com https://profileonline.collegeboard.com Deadline for submission varies by institution.
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Attend a Cash For College Workshop! Jan 26: 9am-12noon Lincoln High School Feb 2: 9am-12noon Montgomery High School Monte Vista High School Hoover High School Feb 9: 9am-12noon Sweetwater High School Feb 9: 10am-1pm Mira Costa College Mira Costa College- San Elijo Feb 23: 9am-12noon Mar Vista High School El Cajon High School Madison High School CSU San Marcos
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Contacting Cal-SOAP… Find our representatives at local Cal-SOAP college and career events. For events and general college information: www.sandiegocalsoap.com Questions? Call our office: (858) 569-1866
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