2. AGENDA: BUDGET: CREATING A PLAN TYPES OF FUNDING FOR COLLEGE RESOURCES TO HELP OBTAIN FUNDING FINANCIAL AID DISBURSEMENT DATES AND DEADLINES PRESENTED BY KAPLAN UNIVERSITY AND FOLSOM LAKE COLLEGE FINANCIAL AID INFORMATION NIGHT

3. BUDGET – CREATING A PLAN Cost of Education Living With Parents/Commuting from Home (1 year) California Community Colleges California State University (CSU) University of California (UC) California Independent Colleges (based on median costs) Fees/Tuition$1,104*$6,633$13,200$32,100 Books and supplies $1,710$1,641$1,500$1,650 Room and board $4,518$4,522$4,700$4,401 Miscellaneous$4,275$4,300$4,600$4,300 TOTAL$11,607$17,096$24,000$42,451 www.californiacolleges.edu

4. BUDGET – CREATING A PLAN STEPS TO SUCCESS Determining your savings and income: How much do you have in personal savings? Do you have a college saving account? Will your parents contribute to your school or living expenses? Will you receive money from a part-time job? Will you be receiving a scholarship?

5. TYPES OF FUNDING FEDERAL STUDENT AID (FASFA) FASFA on the Web – www.fafsa.govwww.fafsa.gov 1. Fastest way to apply 2. Edit/Re-edit before being submitted 3. List all schools you would like to attend so the information is sent to each college 4. Faster processing time 5. IRS Data Retrieval Tool goes live for 2014-15 February 1 st When should I apply for federal student aid? For the 2014-15 Award year began January 1 st, 2014, you can submit your FAFSA online NOW! The Award year begins 7/1/14 and ends 6/30/15. FASFA On The Web

6. TYPES OF FUNDING GRANTS Types of federal student aid grants 1. Pell Grant Pell Grant 2. CAL Grant CAL Grant 3. Middle Class Scholarship Middle Class Scholarship 4. FSEOG-Federal Supplemental Educational Opportunity Grant FSEOG Amount of grant dependency Cost of attendance EFC (expected family contribution) Enrollment status (full or part time) Enrollment period

7. TYPES OF FUNDING FEDERAL PELL GRANT Federal Pell Grants For undergraduates only Awards range from $494-$5645 Don’t have to be repaid Awarded based on Enrollment status 12 credits or more-Full Time 9-11 credits-3/14 Time 6-8 credits-1/2 Time 5 credits or less-Below ½ Time Pell Grant Information

8. TYPES OF FUNDING CalGrant – State Funding CalGrant Money you don’t have to pay back Submit forms 1. FASFA FASFA 2. CalGrant GPA Verification Form CalGrant GPA Verification Form Deadline is March 2 nd Work with your high school to submit your GPA verification form. http://www.calgrants.org/ CalGrant Webpage

9. TYPES OF FUNDING BOG FEE WAIVER - Community College Only The Board of Governors Fee Waiver Available for eligible students who are California residents and who meet the AB 540 criteriaAB 540 criteria Funded by the state of California Enrollment fees waived in full amount FLC BOG FEE WAIVER WEBPAGE

10. TYPES OF FUNDING BOG FEE WAIVER Three ways to qualify for BOG Method A- Qualified applicants (or parents, if applicant is dependent) must be currently receiving TANF (Temporary Aid For Needy Families), SSI (Supplemental Security Income) or General Assistance/General Relief through the county Social Services Department. Method B- Qualified applicants do not exceed the income standards. Family Size - 2013 Income 1 - $16,335 2 - $22,065 3 - $27,795 For each additional family member add - $5,730 Method C- Qualified applicants have filed the Free Application for Federal Student Aid, FAFSA, listing Folsom Lake College and have unmet financial need.FAFSA

11. TYPES OF FUNDING WORK-STUDY What is the Federal Work-Study (FWS) Program? Work part time to earn money for your education Administered by schools participating in the program FLC WORK STUDY WEBPAGE

12. TYPES OF FUNDING LOANS Federal Perkins Loan Program Available at participating schools to undergraduate, graduate, and professional degree students. Offered to students who demonstrate financial need. Available to students enrolled full-time or part-time. Repayments are made directly to your school. Direct Loan Program Direct Subsidized Loans- you must have financial need to receive a subsidized loan. Direct Unsubsidized Loans-financial need is not a requirement to obtain an unsubsidized loan. You are responsible for paying the interest that accrues during all periods. FLC LOAN WEBPAGE

13. TYPES OF FUNDING SCHOLARSHIPS You can search for scholarships through the following scholarship search engines: students.gov FastWeb.com ScholarshipExperts.com Scholarship.com SchoolSoup.com students.gov FastWeb.com ScholarshipExperts.com Scholarship.com SchoolSoup.com FLC Book Scholarships All Students are eligible to enter for an award Amount of $250 per year In the form of a book voucher Valid only at FLC bookstore FLC SCHOLARSHIP WEBPAGE

14. RESOURCES –TO HELP OBTAIN FUNDING Federal Student Aid Information 1-800-433-3243 California Student Aid Commission 1-888-224-7268 CSS Profile Information 1-305-829-9793 Financial Aid Information Page College Funding Strategies for Students with Disabilities Explore Financial Aid Options FinAid: The Smart Student Guide to Financial Aid Resources for Students with Disabilities in Need of Financial Assistance

15. FINANCIAL AID DISBURSEMENT HIGHER-ONE ACCESS CARD Los Rios Community College District - OneCard Folsom Lake College will disburse financial aid funds with the assistance of HigherOne. Disbursements are delivered via the option selected when activating the LRCCD OneCard. For more information on the LRCCD card click hereclick here

16. FINANCIAL AID DISBURSEMENT HIGHER-ONE ACCESS CARD Options for disbursements 1. Easy Refund to the OneAccount (refunds available the same day LRCCD releases them). 2. Transfer to other bank (refunds available 2-3 business days). 3. Paper check (refunds available 5 -7 business days). If you are not satisfied with your selection, you may change it at any time.

17. DATES AND DEADLINES 2013 What should I be submitting? Financial Aid Information Form and Responsibilities Additional requested documentations varies per student Students can also contact the Financial Aid Office to check the status of their file All documents must be submitted by the deadlines listed.deadlines Timeframe for Submitting Documents 1. Students should submit documentation within 14 days 2. Files are reviewed in the order received, so the sooner the better 3. Documents available on the Financial Aid websiteFinancial Aid website 4. Processing can take up to 4-6 weeks

18. FINANCIAL AID TIPS 1. File ONLINE – January 2014 www.fafsa.govwww.fafsa.gov 2. Contact the Financial Aid Office for assistance to inquiries, completion of application or documents and acquiring knowledge of the process. 3. READ over all information received, whether it is email letters, required documents or workshop information. 4. Submit documents when they are requested. 5. Ask questions frequently for clarity and understanding. 6. Patience. The review process can take up to 4-6 weeks depending upon volume of files received.